The Swiss government said on Tuesday that the Indian authorities have sought details regarding Indore-based textiles firm Neo Corp International for suspected black money transactions.

Neo Corp is the latest name disclosed by the Swiss government in its official gazette, apart from the many Indian names it has revealed in the past few months, PTI reported.

In February this year, the income tax department had conducted raids on some of the company's premises for possible tax violations.

Neo Corp, which started its journey as a small woven sack maker in 1985, has been promoted by K S Trivedi. From a humble beginning three decades ago, the company now claims to be a multinational technical textiles group.

As part of its crackdown on black money, the Modi government has been requesting information about many individuals since last year. The NDA government had promised during its election campaign last May to bring back black money stashed outside the country.

In May this year, the Swiss officials named seven Indians publicly in Switzerland's Federal Gazette as holding Swiss bank accounts, including noted businessman Yash Birla, son-in-law of late realty and liquor baron Ponty Chadha.

The rest included Ritika Sharma, Sneh Lata Sawhney, Sangita Sawhney, Gurjit Singh Kochar, apart from Sayed Mohamed Masood, who was being probed for running a Ponzi scheme, referred to as 'City Limousines scam'. Another person associated with the scam, Chaud Kauser Mohamed Masood, was also been named in the gazette.

So far, the Swiss authorities have publicly revealed nearly a dozen Indian names.

Neo Corp will be allowed to appeal against the "administrative assistance" before the Federal Administrative Court within 30 days.

In a regulatory filing to the Bombay Stock Exchange (BSE) on 22 May, Neo Corp had said that "it was cooperating with the tax authorities."

The Neo Corp stock closed nearly 5% down at Rs 33.45 on the BSE on Wednesday.

The company earned revenues of Rs 744 crore and net profit of Rs 30 crore during the financial year ending 31 March, 2015.