Asian Granito in Fortune India’s List as one of The Next Fortune 500 companies

• Company received an award from Fortune India as one of the Top Wealth Creators
• The overall ranking of the company jumped 51 places to 197 in the year 2019 from 248 in 2018

Asian Granito India Ltd (AGIL), one of India’s largest tiles companies has been honoured by Fortune India as one of The Next Fortune 500 companies in its ranking for the year 2019. The company was honoured with the award from Fortune India as one of the Top Wealth Creators. The overall ranking of the company jumped 51 places to 197 in the year 2019 from 248 in 2018. For the FY 2018-19, AGIL reported a net sales of Rs. 1186.7 crore.

Mr. B. K Goenka, President, ASSOCHAM & Chairman, Welspun Group presented the award to Mr. Rakesh Patel, Associate, Asian Granito India Ltd at a ceremony organised in Mumbai. Mr. Sourav Majumdar, Editor, Fortune India and Subramanian Ananthapadmanabhan, VP, Digital Core, SAP Indian Subcontinent were also present at the event

Mr. Kamlesh Patel, CMD, Asian Granito India Ltd said “It is indeed an honour to be in the list of prestigious next top 500 companies by Fortune India. This year we have further strengthened our position and achieved a rank in the top 200 companies. This is a testimony of our business model, strategies, strength, and vision of the management. We are now further motivated towards continuing our efforts for quality excellence and commitment.”

Established in the year 2000, AGL is Ranked among top 3 listed ceramic tiles companies in India and manufactures and markets a wide range of Tiles, Engineered Marble and Quartz. The Company has achieved 40 times growth in its production capacity, from 2,500 square meters per day in the year 2000 to currently more than 1 lakh square meter per day. Recognizing the remarkable growth. The company exports its products to 60 countries and aiming to expand its network to 100 countries in coming time.

Fortune India Next 500 is a ranking of the 500 midsized companies in India compiled the basis of latest sales and gross revenue figures. The list celebrates those organisations that fuel India’s economy.

About Asian Granito India Limited: www.aglasiangranito.com

Established in the year 2000, the Asian Granito India Ltd. (AGIL) has emerged as India’s leading home decor brand. The company manufactures and markets a wide range of Tiles, Engineered Marble and Quartz. Trusted for reliability, adaptability, innovation, quality consciousness, the company has created a strong brand identity for itself which is well recognised globally.

Ranked among top 3 listed ceramic tiles in India, Asian Granito India Ltd has achieved nearly 40 times growth in its production capacity, from 2,500 square meters per day in the year 2000 to more than 1 lakh square meter per day. AGIL was also the only tiles company to be acknowledged in the Vibrant Gujarat Summit 2015 for phenomenal growth.

The Company has 10 state-of-the-art manufacturing units spread across Gujarat and 300+ exclusive showrooms, 13 display centers across India. Company has an extensive marketing and distribution network which comprises of over 6,500 touch points.

The company looks to strengthen its identity as the leader in the Indian ceramic industry by consistently introducing innovative and value-added products in the market to keep pace with its valued customers. Headquartered in Ahmedabad, AGIL is listed on NSE & BSE and reported net consolidated turnover of Rs. 1186.7 crore in 2018-19. Company exports to more than 60 countries.