Asian Granito
| Company type | Public Ltd. Co. |
|---|---|
| NSE: ASIANTILES, BSE: 532888 | |
| Industry | ceramics, Building Materials |
| Founded | 2000 |
| Founder | Mr. Kamlesh Patel and Mr. Mukesh Patel |
| Headquarters | , |
Area served | India |
| Revenue |  ₹1,530.6 crore (US$180 million) (FY 2024) |
| ₹86.13 crore (US$10 million) (FY 2024-25) | |
| Total assets | ₹568.52 crore (US$67 million) (FY 2024-25) |
Number of employees | 6000 |
| Website | aglasiangranito |
Asian Granito is an Indian manufacturer of ceramic and vitrified tiles. The company was founded in the year 2000 and is headquartered in Ahmedabad, Gujarat.[1][2][3]
The Company manufactures and markets a wide range of Tiles, Engineered Marble and Quartz, Bathware and Faucets.[4][5]
It is publicly traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the ticker symbol ASIANTILES.[6][7]
History
[edit]Asian Granito was established in the year 2000 by Mr. Kamlesh Patel and Mr. Mukesh Patel. in Ahmedabad, Gujarat. In the year 2001, company setup its first ceramic plant with 2,500 sq mtr per day capacity at Idar, Gujarat.[1]
In the year 2007, Asian Granito launched its IPO and as listed on Bombay Stock Exchange and National Stock Exchange.[8]
In 2021, Asian Granito sold its entire stake in Astron Paper. The company executed a block deal, selling 87.75 lakh equity shares of Aston Paper at Rs. 53.50 per share, totaling Rs. 46.94 crore.[9]
As per the report, AGL opened India's largest tiles showroom in Gujarat in December 2021.[10]
In April 2022, AGL launched Rs. 441 crore rights issue to fund its Mega Expansion Plans, set up three new manufacturing facilities at Morbi, Gujarat in Value Added Luxury Surfaces & Bathware Segments.[11][12]
In July 2024, AGL launched exclusive experience gallery at Ahmedabad Airport.[13]
Operation
[edit]The Company has 14 state-of-the-art manufacturing units spread across Gujarat and 277 plus franchisee showrooms, 13 company owned display centres across India. Further, the Company has 18,000 plus touchpoints including distributors, dealers and sub-dealers in India. The company also exports to more than 100 countries.[1]
AGL has a growth of 65 times in its production capacity, from 0.83 Million Sq. Mtrs. Per Annum in FY 2000 to 54.5 Million Sq. Mtrs. Per Annum in FY 2023.[14]
References
[edit]- ^ a b c "How tile maker Asian Granito India Ltd is making India proud globally - know why the world is praising this Gujarati brand!". Fortune India. Fortune (magazine). 20 September 2021.
- ^ "How Asian Granito India has emerged as one of the largest ceramic players of India". Financialexpress. The Financial Express (India). 1 March 2018.
- ^ "rending Topics Tile manufactures Q1 review: Prefer Asian Granito for the long term". MoneyControl.
- ^ "Asian Granito stock rallies 11% on plans to establish new firm in UK". business-standard.com. Business Standard.
- ^ "AGL ropes in Ranbir Kapoor as brand ambassador". timesofindia.indiatimes.com. The Times of India. 22 March 2024.
- ^ "Asian Granito India posts net profit of Rs 4.70 crore in Q2 FY25 - ET RealEstate". ETRealty.com. The Economic Times.
- ^ "Benign Growth For Asian Granito India Limited (NSE:ASIANTILES) Underpins Stock's 26% Plummet". simplywall.st. 19 February 2025.
- ^ "Asian Granito IPO Date, Price, GMP, Review, Details". Chittorgarh.com.
- ^ "Asian Granito sells its entire stake in Astron Paper". BusinessLine. Business Line. 10 August 2021.
- ^ "Asian Granito to launch world's largest tiles showroom in Gujarat". Constructionworld.in.
- ^ "Asian Granito files draft paper for upto Rs. 500 crore rights issue - ET RealEstate". ETRealty.com. The Economic Times.
- ^ "Asian Granito to open ₹441 cr rights issue on Apr 25. Key highlights here". Livemint. Mint (newspaper).
- ^ "Asian Granito India launches exclusive experience gallery at Ahmedabad airport". Constructionworld.
- ^ "Asian Granito completes 12,000 sq m per day capacity". Constructionworld.in.