Thanks to the push from the infrastructure sector & home-based solutions; the glass business is one of the growing businesses in India. With the government schemes like Made-in-India, there are multiple sectors that have started their manufacturing units in India and the glass manufacturing industry is also of them.
Indian glass market is expected to be a revenue of USD 4629.8 Million by 2028. Market is expected to grow with a CAGR of 6.42% During 2021-2030.
There are multiple companies as below have their establishment in India :-
1. Asahi India Glass Ltd
Asahi India Glass Ltd (AIS) is one of the major brands India as a glass manufacturer. Established on 10 Dec 1984, offering varied types of glass products & services for institutional buyers as well as retail customers.
The company has glass products in Automotive, Architectural, windshields, windows etc.
| Operating Revenue | Over INR 500 cr |
| EBITDA | -0.95 % |
| Networth | 10.67 % |
| Debt/Equity Ratio | 0.82 |
| Return on Equity | 9.34 % |
CIN number : L26102DL1984PLC019542
2. Borosil Renewables Ltd
Borosil Renewables Ltd is one of the major brands in India. Company was formed on 14 December 1962 by Mr Lele. Presently company has factory in Bharuch, Gujarat.
The company is the major manufacturer in patterned glass and low-iron solar glass for photovoltaic (PV) panels.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 441.67 % |
| Networth | 88.26 % |
| Debt/Equity Ratio | 0.10 |
| Return on Equity | 14.59 % |
CIN number : L26100MH1962PLC012538
3. La Opala RG Ltd
La Opala RG Ltd is one of the major brands in India. This company was formed on 11 June 1987. Mr. Sishil Jhunjhunwala and Mr. Ajit Jhunjhunwala is/was one of the major promoters of this company. The company is engaged in manufacturing and marketing of opal glass tableware and crystalware products in India and internationally.
Opal glass tableware products include Plates, Bowls, Dinner Sets, Cup-Saucer sets, Coffee Mugs Cups, Tea and Soup Sets, Pudding Dessert sets Crystalware products.
| Operating Revenue | INR 100 cr – 500 cr |
| EBITDA | -7.00 % |
| Networth | 3.02 % |
| Debt/Equity Ratio | 0.01 |
| Return on Equity | 15.46 % |
CIN number : L26101WB1987PLC042512
4. Saint-Gobain Sekurit India Ltd
Saint-Gobain Sekurit India Ltd is another major play in glass manufacturing in India. The company was formed in 11 November 1973 and is subsidiary organization of Compagnie de Saint-Gobain ( of Paris).
Company is one of the leading car glazing manufacturer in India. Laminated Windshields, Tempered Side Glasses, Backilites, Door Glasses, Quarter Glasses, Sliding Windows, Rear Side Fix Glasses.
| Operating Revenue | INR 100 cr – 500 cr |
| EBITDA | -26.47 % |
| Networth | 11.10 % |
| Debt/Equity Ratio | 0.02 |
| Return on Equity | 10.38 % |
CIN number : L26101MH1973PLC018367
