Greenlam Industries Ltd. is a surfacing products manufacturer based in India.[1][2] The company provides laminates, Plywood, exterior & interior clads, decorative veneers, and engineered wooden floors & doors for residential and commercial spaces.[3][4] The company was founded in 1993 and is based in New Delhi, India.[5]
| Company type | Public |
|---|---|
| Industry | Building material |
| Headquarters | |
Area served | Worldwide |
Key people | Saurabh Mittal (Managing Director & CEO), Parul Mittal (Director) |
| Products |
|
| Parent | Greenlam Industries Limited |
| Subsidiaries |
|
| Website | www |
A major contributor to this article appears to have a close connection with its subject. (October 2024) |
Greenlam is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).[6][7][8]
History
editIn 1992, Greenlam Industries set up the first laminate unit at Behror and started the commercial production and export of laminates. In 2002 it started the commercial production of decorative veneers. From 2005 to 2008, Greenlam set up overseas subsidiaries in Singapore and the US.[9][10]
In 2009, Greenlam started the commercial production of the second laminate unit at Nalagarh. In 2012, the company set up a subsidiary in the UK.[11]
In 2014, Greenlam was demerged into a separate entity and listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).[8]
In 2019, the company acquired Greenlam Decolan SA in Switzerland and Incorporated Greenlam South Limited (GSL).[12] From 2016 to 2021 The company Commissioned multiple brownfield laminate capacities and acquired 74.91% equity share capital of HG Industries Limited (formerly Himalaya Granites Limited).[13]
In 2022, Greenlam issued first listed non-convertible debentures and raised Rs. 99 cr. In the same year, the company acquired the laminate plant in Prantij, Gujarat, and raised Rs. 195 cr. via a preferential issue of equity shares.[10]
In 2023, Greenlam commenced enhanced capacity of the laminate unit in Prantij, Commenced a greenfield plywood unit at Tindivanam, and Commenced a greenfield laminate unit at Naidupeta.[14]
Awards and recognitions
edit- Largest Exporter in the category of Decorative Laminates 2024[15]
- Excellence award as highest exporter of Decorative Laminates for the years 2022 and 2023 from The Plastic Export Promotion Council (sponsored by the Ministry of Commerce & Industry, Department of Commerce, Government of India).[16]
References
edit- ^ "Greenlam Industries expects 15% revenue growth in FY24 - CNBC TV18". CNBCTV18. 5 February 2024.
- ^ "Greenlam to invest Rs 950 cr over 2-3 years; to enter plywood, particleboard business". The Economic Times. 13 December 2021.
- ^ "Greenlam's Plywood unit at Tindivanam goes on stream". The Hindu. 9 June 2023.
- ^ "Plywood companies to benefit from rise in capacity and lower input costs". The Economic Times.
- ^ "The future of facades: Top four design trends for 2024". Indulgexpress. 6 May 2024.
- ^ "Greenlam". NSE India.
- ^ "Greenlam Industries". BSE India.
- ^ a b "Greenlam Industries gets listed on NSE, BSE". The Economic Times. 2 March 2015.
- ^ "Greenlam Industries Ltd Summary: Latest Updates and Details". India Infoline.
- ^ a b "Greenlam Industries: Innovating the World of Laminates". Bru Times News.
- ^ "Greenlam Industries commences commercial production at expanded facility in Nalagarh". Business Standard.
- ^ "Greenlam acquires Europe-based Decolan SA". The Times of India. 15 May 2019.
- ^ "Greenlam Industries Limited". BusinessLine. 23 September 2015.
- ^ "Greenlam Industries launches its exclusive display centre in Kupwara". Greater Kashmir. 23 April 2024.
- ^ "Press Trust Of India". www.ptinews.com.
- ^ "Greenlam Industries receives export excellence award". Business Standard.