Asian Granito

Asian Granito India Ltd
Company typePublic Ltd. Co.
NSE: ASIANTILES, BSE: 532888
Industryceramics, Building Materials
Founded2000
FounderMr. Kamlesh Patel and Mr. Mukesh Patel
Headquarters
Ahmedabad, Gujarat
,
India
Area served
India
RevenueIncrease ₹1,558.52 crore (US$180 million) (FY 2025)[1]
Increase ₹20.34 crore (US$2.4 million) (FY 2025)[1]
Total assetsIncrease ₹2,097.81 crore (US$250 million) (FY 25)[1]
Number of employees
6000 (FY 2025)
Websiteaglasiangranito.com

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.[2][3][4]

The Company produces and sells a diverse array of tiles, engineered marble, quartz, bathware, and faucets.[5][6]

It is publicly traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the ticker symbol ASIANTILES.[7][8]

History

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.[2]

In the year 2007, Asian Granito launched its IPO and as listed on Bombay Stock Exchange and National Stock Exchange.[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]

From October 2023, AGL started operation in UAE with a vision to enhance its footprint at Global Level. Currently, AGL has already established its business operations in seven countries i.e. UAE, USA, UK, Thailand, Indonesia, Senegal and Nepal.[13][14]

In July 2024, AGL launched exclusive experience gallery at Ahmedabad Airport.[15]

AGL inaugurated a 3,500 square foot Display Center in Hyderabad in March 2025.[16]

Operation

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.[2]

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.[17]

In January 2025, the company signed Bollywood actress Vaani Kapoor as its brand ambassador for its Tiles brand 'Bonzer7'.[18]

Celebrity collaboration

In March 2024, AGL signed Bollywood actor Ranbir Kapoor as its brand ambassador and launched the "Premium ka Pappa” campaign.[19]

In Feb 2024, AGL collaborated with Ogilvy India to promote its products.[20]

Domestic Subsidiary

  • Amazoone Ceramics Limited
  • Crystal Ceramic Industries Limited[21]
  • Future Ceramic Private Limited
  • AGL Sanitaryware Pvt. Ltd[22]
  • Gresart Ceramica Private Limited
  • Powergrace Industries Limited
  • AGL Surfaces Private Limited[23]
  • Affil Ceramics Limited
  • Ivanta Ceramic Limited
  • Crystal Vitrfied Limited
  • Adicon Ceramics Limited[24]
  • D’more Bathware Private Limited
  • AGL Stones LLP

Foreign Subsidiary

  • AGL Surfaces INC – USA[25]
  • Harmony Surfaces Marbles Trading LLC – Sharjah[13]
  • AGL Surfaces Trading LLC – Dubai[13]
  • Klyn AGL Limited – UK[26]
  • Harmony Surfaces UK Limited – UK
  • Harmony Surfaces Thailand Limited – Thailand[27]
  • PT AGL Surfaces – Indonesia[28]
  • AGL Surfaces SARL – Senegal[29]
  • Nepovit Ceramic Private Limited - Nepal[30]

References

  1. ^ a b c "Asian Granito India back in black, posts Rs 16.36 cr profit for Q4". News18.
  2. ^ 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. 20 September 2021.
  3. ^ "How Asian Granito India has emerged as one of the largest ceramic players of India". Financialexpress. The Financial Express (India). 1 March 2018.
  4. ^ "rending Topics Tile manufactures Q1 review: Prefer Asian Granito for the long term". MoneyControl.
  5. ^ "Asian Granito stock rallies 11% on plans to establish new firm in UK". business-standard.com. Business Standard.
  6. ^ "AGL ropes in Ranbir Kapoor as brand ambassador". timesofindia.indiatimes.com. The Times of India. 22 March 2024.
  7. ^ "Asian Granito India posts net profit of Rs 4.70 crore in Q2 FY25 - ET RealEstate". ETRealty.com. The Economic Times.
  8. ^ "Benign Growth For Asian Granito India Limited (NSE:ASIANTILES) Underpins Stock's 26% Plummet". simplywall.st. 19 February 2025.
  9. ^ "Asian Granito IPO Date, Price, GMP, Review, Details". Chittorgarh.com.
  10. ^ "Asian Granito to launch world's largest tiles showroom in Gujarat". Constructionworld.in.
  11. ^ "Asian Granito files draft paper for upto Rs. 500 crore rights issue - ET RealEstate". ETRealty.com. The Economic Times.
  12. ^ "Asian Granito to open ₹441 cr rights issue on Apr 25. Key highlights here". Livemint. Mint.
  13. ^ a b c "Asian Granito India posts profit of Rs 35.36 lakh in Q1 FY25 - ET RealEstate". ETRealty.com.
  14. ^ "Asian Granito signs joint venture agreement With Shudh Investments and UK's Klyn Stone - CNBC TV18". CNBCTV18. 10 December 2024.
  15. ^ "Asian Granito India launches exclusive experience gallery at Ahmedabad airport". Constructionworld.
  16. ^ "Asian Granito Opens 3,500 sq ft Luxury Display Center in Hyderabad". www.constructionworld.in.
  17. ^ "Asian Granito completes 12,000 sq m per day capacity". Constructionworld.in.
  18. ^ "Press Trust Of India". www.ptinews.com. Press Trust of India.
  19. ^ "Asian Granito India welcomes Ranbir Kapoor as brand ambassador - ET BrandEquity". ETBrandEquity.com. The Economic Times.
  20. ^ "एजीएल ने ओगिल्वी से हाथ मिलाया | AGL goes beyond typical product promotion. Ropes in Ogilvy". Patrika News (in Hindi). Rajasthan Patrika. 8 February 2024.
  21. ^ "Asian Granito subsidiary Crystal Ceramics completes 12,000 Sq meter per day capacity expansion for Glazed Vitrified Tiles". Apnews.
  22. ^ "AGL expects Rs 400 crore turnover from sanitaryware & bathware in five years". The Times of India. 26 December 2023.
  23. ^ "Asian Granito incorporates new subsidiary AGL Surfaces; Stock soars 4.5%". Indiainfoline.com.
  24. ^ "AGL Adicon" (PDF).
  25. ^ "Wholly Owned Foreign Subsidiary Company" (PDF). BSEindia.com.
  26. ^ "Asian Granito stock rallies 11% on plans to establish new firm in UK". Business standard.
  27. ^ "Asian Granito India Reports 3% Sales Growth In Q1FY25". Realty Plus Magazine.
  28. ^ "Incorporation of Subsidiary Company at Indonesia" (PDF). BSE India.
  29. ^ "Asian Granito India: Incorporation Of Subsidiary Company At Senegal". Valueresearchonline.com.
  30. ^ "Asian Granito India incorporates JV company - Nepovit Ceramic". Capitalmarket.com.
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