LIMRA Holdings, a leading mid-sized multinational conglomerate based in Sri Lanka, is proud to announce a significant achievement by its subsidiary, Kiddies & Toys International (KTI) India. Renowned for its expertise in mother and baby care products and toys distribution, KTI India has successfully registered the Patents for its innovative PLEX building blocks.
As a conglomerate with a strong presence in diversified sectors, LIMRA Holdings applauds KTI’s commitment to innovation and research and development. The registration of the Patents for PLEX building blocks marks a remarkable milestone for the company, demonstrating its dedication to advancing the fields of child development and play. Their commitment to crafting unique play experiences is evident in numerous secured intellectual properties (IPs), with continuous efforts to obtain more.
The PLEX building blocks, feature a patented design, incorporating multiple lock and play patterns for effortless attachments is a proprietary creation of KTI, are set to revolutionize the market with their innovative design and exceptional quality. With the Patents secured, KTI is poised to expand its reach in the mother and baby care products and toys market, both in India and globally.
KTI India has built a robust portfolio that includes 11 International brands alongside four of its own, showcasing a commitment to curating products that meet the highest standards of quality and safety. The company’s substantial investments in research and development have positioned it as a trailblazer in the industry, with the PLEX blocks standing as a testament to their commitment to excellence.
This achievement holds significance not only for KTI but also for the economies of India and Sri Lanka. By introducing PLEX building blocks to the Indian market, KTI aims to contribute to the growth of the Indian and Sri Lankan economy while concurrently bolstering foreign remittances to Sri Lanka through increased sales. The multinational dimension of LIMRA Holdings further strengthens the bridge between the two nations, fostering economic collaboration and growth.
“We are thrilled to witness KTI India’s success in securing the Patents for PLEX building blocks. This achievement not only reflects the innovative spirit within our group but also underlines our commitment to contributing to the economic growth of both India and Sri Lanka.” – Nabhan Akeel, Chairman and Group Managing Director of LIMRA Holdings.
“In the face of the challenges of FY 2023, KTI India persevered, unwavering in our commitment to the visionary journey we embarked upon in India. We’re thrilled to announce our exclusive patent rights for the Toy blocks, making KTI India the pioneering force in securing a patent for our unique creation in the Playing Blocks Category. This achievement not only solidifies our position in the industry but sets the stage for two decades of innovation, as we continue to shape the future of play with our patented invention.” – Anthony Pinto, VP International Markets, KTI India.
LIMRA Holdings:
LIMRA Holdings is one of the fastest growing, mid-sized local multinational companies in Sri Lanka. The company has been in operation for 30 years with over 10 subsidiaries with business spread across Artificial Intelligence, IT Security, Energy, Mother and Baby Care, Toys, Ecommerce, Smart & Physical Security, and Talent Transformation verticals.
The cluster companies include EGUARDIAN Lanka, Kiddies & Toys International and DCS International. LIMRA Holdings has a global footprint through strategic joint ventures in Singapore, Malaysia, India, Oman and Bangladesh.
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