SMIV was originally established as a crafts business in 1989 in Klenovnik. In 1991 it was turned into a limited liability company, SMIV d.o.o.. The founder of the company is Ivan Smontara who acquired entrepreneurial skills through his years-long work experience in Germany. The company began its production activities in Klenovnik in readapted commercial facilities and a garage. The production output was intended for Slovenian companies Triglav, Konfekcija Kranj and Angora.

New production facilities and the company’s administration building were built in Ivanec in 1995. The production was moved to new facilities in 1996.
SMIV is today one of the biggest manufacturers of knitwear in Croatia with 120 employees. The company manufactures knitwear for world-renowned brands such as Benetton, Stefanel, Maxfashion and Carlo Caluci.

The company has an authorized shipping and handling service.
In addition to textile production, the company penetrated the tourism market segment in 2002 as well. It offers accommodation services in a tourist facility with 12 apartments for rent situated on the Adriatic coast, in Plovile near Novi Vinodolski.