Asian Granito India Limited is today among the top four ceramic tile manufacturers in India and one of the most profitable company in its segment. Company manufactures and markets interior and infrastructure products like vitrified wall and floor tiles, marble and quartz stone. Established in the year 2000, company has grown its manufacturing capacity 40-fold in 14 years, from 2500 square metres per day in the year 2000 to over 1 lakh square metres currently (including outsourcing). Company also exports to nearly 42 countries worldwide.
Headquartered in Ahmedabad, Asian Granito India Limited is listed on NSE and BSE and reported net sales of Rs 757 crore in 2013-14. The attribute of constantly innovating and ‘leading the change’ has made AGL one of the fastest growing ceramic companies in the space decor industry. The company’s vision is to enhance customer satisfaction and its image worldwide so as to achieve exponential growth globally in ceramic and decor solutions.
AGL has an extensive marketing and distribution network which comprises of over 3000 dealers and sub-dealers covering each and every state of the country. Company has also open more than 60 + exclusive showrooms under ‘AGL tiles world exclusives’ for showcasing its product range.
Promoted in 2000 by Mr. Kamlesh Patel and Mr. Mukesh Patel, AGL currently enjoys healthy footprints in around 42 countries. The company has produced 13 crore square meter of space décor under their leadership. AGL has eight states of art ultra modern plants manufacturing world class Tiles, Marble & Quartz in Gujarat. Company’s facilities are ISO 9001:2008 and ISO 14001:2004 certified and are fully equipped with latest technologies to give contemporary touch to its products
The five storey showroom to display AGL Group’s entire product range under one roof including Tiles, Sanitaryware, Bathware, Quartz & Engineered Marble
Showroom to have 150+ Engineered Marble & Quartz, 350+ Sanitaryware, 50+ Series of CP Fittings and 5,000+ Tiles products ... (more)
Showcasing the company's production and technological excellence at one place, Asian Granito India Ltd. - one of India's leading tiles companies has inaugurated a 10,000 sq. ft. display centre at Kochi, Kerala. The Showroom is among the largest Tiles, Marble, Quartz and Bathware showroom in... (more)
Highlights:
Recently announced a rights issue of Rs. 224.65 crore; Rights issue open from Sep 23 and closes on October 7
Company's consolidated exports sales for FY20-21 was reported at Rs. 216 crore against Rs. 169 crore, i.e. a growth of 28% over last year.
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Highlights:
Funds raised through the issue will be used to repay/prepay borrowings, meeting working capital requirements for the company’s business activities and general corporate purposes
The rights entitlement ratio for the proposed rights issue is 19:29; 19 rights equi... (more)
Net Sales in Q2FY21 stood at Rs. 344.3 crore; Exports were at Rs. 52.3 crore
Tiles Division revenue growth of 15% YoY; Bathware division also seen strong demand
Company recently inaugurates 15,000 sq. ft. AGL Export House at Morbi to boost exports
Highlights:
Export House to offer 3,000 plus products in all sizes, designs, and finishes in sync with evolving customer preferences
Company has set a target to increase its retail touch points to over 10,000 from 6,500 currently, Exclusive showrooms to increase to over 50... (more)
Highlights:
Rural, Semi-urban, Tier II & III towns contributed over 70% of company sales in FY20
With a focus on Vocal For Local, company has launched "Atmanirbhar Program” with an objective to drive sales in semi-urban and rural markets
C... (more)
Green shoots in demand visible especially from rural, semi-urban and retail sales
Atmanirbhar India Program launched by the company in June 2020 seeing good response
Export business stands at around 23.8% of total revenues in Q1FY21 vis-a-vis 13.1% in the Q1FY20; Company to ex... (more)
BSE and NSE listed Asian Granito India Limited (AGIL) is bullish on the demand for the quartz from USA market on account of sharp decline in CVV and Anti-dumping duty by USA on import of Indian Quartz. Earlier USA had levied CVV and Anti-dumping duty of 87.5% on Indian Quartz, however now they have... (more)
