Asahi India Glass

Last updated

Asahi India Glass Limited (AIS)
Company typePublic
BSE:  ASAHIINDIA
NSE:  ASAHIINDIA
S&P BSE 500 Component
IndustryAuto parts and equipment
Headquarters
New Delhi
,
India
Key people
Mr. Sanjay Labroo - (Managing Director & C.E.O) & Mr. B.M Labroo (Chairman)
ProductsArchitectural glass, Automotive glass, Consumer glass
Total assets ₹2376.36 Crore (18 March) [1]
Number of employees
1042 [2]
Website www.aisglass.com

Asahi India Glass Limited, known as AIS, is a glass solutions and manufacturing company in India. It was established in 1984. It manufactures automotive safety glass, float glass, architectural processed glass, and glass products. It also provides consumer glass offerings in the form of Glasxperts and Windshield Experts. AIS was established as a Joint Venture agreement between Mr. BM Labroo and family, Asahi Glass Co. Ltd. (AGC Inc.), Japan, and Maruti Suzuki India Ltd. [3] [2] In the Indian passenger car glass segment, AIS has 77.1% market share as of 2017. [4] AIS also holds 20% market share in India’s architectural glass segment as of 2017. [5]

Contents

History

1984-2000

In 1984, AIS was initially incorporated in India under the name Indian Auto Safety Glass Private Limited. [6] By 1986, the company transferred its equity stake to Asahi Glass Co., Japan. During this period, a joint venture agreement was carried out among the promoters, namely Asahi Glass Co., Japan, Indo-Asahi Glass Company and Maruti Udyog. [3] The company was thus incorporated as public limited company under the name of Asahi India Safety Glass Limited on 31 December 1985. [7] Initially, the company only manufactured toughened glass for Maruti Suzuki India Limited. However, in 1989, after increasing its tempered glass production capacity by installing a new furnace, the company began manufacturing toughened glass for other automobile manufacturers. The company also introduced black ceramic printing and heat-li By 1992, the company ventured into manufacturing of laminated safety windshields. Four years later, anticipating an increase in demand of laminated windshields due to them being made mandatory for passenger vehicles under revised Central Motor Vehicle Rules, AIS carried out a major capacity expansion to produce 7,50,000 laminated windshields. [7] By 1999, the company added Hyundai, Ford, Toyota, and Hindustan Motors to its clientele while also increasing its tempered

2000-present

With the turn of the millennium, AIS increased its technology capabilities with a slew of installations including laminated bending furnace for producing complex laminated windshields, CAD station and in-house designing, and print marking on glass for brand visibility. In 2001, Float Glass India, a subsidiary of Asahi Glass Co., Japan, became the subsidiary of AIS. [6] Next year, AIS made its first acquisition by acquiring 79.6% stake in Float Glass India and absorbing it under its own brand name. In 2002, the company also rebranded itself as Asahi India Glass Limited (AIS) and in 2003, it set up a new automotive glass manufacturing plant in Chennai. [6] This was followed by commencement of commercial production at the company’s Architectural Processing Unit in Taloja in 2004. In 2005, AIS Glass Solutions Ltd. was set up to further expand in the architectural glass value chain. [7] The year 2006 saw establishment of two more architectural processing facilities in Rewari and Chennai along with further capacity expansion across existing plants. [6] [3] [7] In late 2017, AIS inaugurated a new, modernised Taloja float glass plant to enhance supply to auto and architectural glass segments by manufacturing 550 tonnes of glass per day. [8]

Company structure and operations

Offices

Asahi India Glass Ltd’s registered office is situated in New Delhi. Their corporate office is located in Gurgaon, Haryana. They have zonal offices in Delhi, Mumbai, Kolkata and Chennai and one regional office in Pune. [9]

Manufacturing plants

AIS has 13 manufacturing plants and sub-assembly units across India.[ citation needed ] In May 2017, AIS announced its plan to invest in a Greenfield Automotive Glass Plant near Mehsana, Gujarat, in order to primarily supply the new Maruti Suzuki India Limited plant in Gujarat. [10] In November 2017, AIS commenced float glass manufacturing at its new Taloja plant at MIDC Industrial Area, Raigad District, Maharashtra. [11]

Strategic business units

AIS has three strategic business units. These are Automotive Glass, Architectural Glass and Consumer Glass. [12] [13]

Automotive glass

AIS Auto Glass is the automotive glass SBU of AIS. It provides glass to automobile manufacturers including Maruti Udyog, Tata Motors, Hyundai Motors, Mahindra & Mahindra, General Motors Ford India, Fiat India, Honda, Eicher, Volvo, Hindustan Motors, Skoda Auto, Volkswagen India, Toyota Kirloskar, and Piaggio. AIS Auto Glass has four production facilities at Bawal (Haryana), Roorkee (Uttarakhand), Chennai (Tamil Nadu), and Taloja (Maharashtra). They also have five automotive glass manufacturing plants in India. [6] [14]

Acquisitions and sales

In 2001, AIS acquired a stake in Asahi Glass Co., Japan’s subsidiary Float Glass India. [7] In 2003, the amalgamation of the two companies was approved with 79.6% equity in FGI held by AIS. [15] In 2017, AIS and four other investors concluded a deal to acquire Timex Group Precision Engineering Limited which is the Indian subsidiary of Timex Nederland BV. This acquisition was carried out via a joint venture firm Scopfy Components Pvt Ltd. [16] [17]

Awards

In 2007, AIS was rated as the ‘Best Indian Company in Glass and Ceramics’ by Dun & Bradstreet. In the same year, the Union of Japanese Scientists and Engineers (JUSE) awarded AIS Auto Glass with the Deming Application Prize 2007. [7]

Related Research Articles

<span class="mw-page-title-main">AGC Inc.</span> Japanese glass company

AGC Inc., formerly Asahi Glass Co., Ltd.'(旭硝子株式会社), is a Japanese global glass manufacturing company, headquartered in Tokyo. It is the largest glass company in the world and one of the core Mitsubishi companies.

<span class="mw-page-title-main">Suzuki</span> Japanese multinational corporation

Suzuki Motor Corporation is a Japanese multinational mobility manufacturer headquartered in Hamamatsu, Shizuoka. It manufactures automobiles, motorcycles, all-terrain vehicles (ATVs), outboard marine engines, wheelchairs and a variety of other small internal combustion engines. In 2016, Suzuki was the eleventh biggest automaker by production worldwide. Suzuki has over 45,000 employees and has 35 production facilities in 23 countries, and 133 distributors in 192 countries. The worldwide sales volume of automobiles is the world's tenth largest, while domestic sales volume is the third largest in the country.

<span class="mw-page-title-main">Ashok Leyland</span> Indian multinational automotive company

Ashok Leyland is an Indian multinational automotive manufacturer, with its headquarters in Chennai. It is now owned by the Hinduja Group. It was founded in 1948 as Ashok Motors, which became Ashok Leyland in the year 1955 after collaboration with British Leyland. Ashok Leyland is the second largest manufacturer of commercial vehicles in India, the third largest manufacturer of buses in the world, and the tenth largest manufacturer of trucks.

Maruti Suzuki India Limited is the Indian subsidiary of Japanese automaker Suzuki Motor Corporation. As of September 2022, the company had a leading market share of 42 percent in the Indian passenger car market. The Government of India established Maruti Udyog Limited in February 1981 as a joint venture with Suzuki Motor Corporation as a small partner. In 1982, Maruti opened its first production facility in Gurugram, Haryana, India.

Eicher Motors Limited is an Indian multinational automotive company that manufactures motorcycles and commercial vehicles, headquartered in New Delhi. Eicher is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles.

The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales.

Mahindra & Mahindra is an Indian automobile manufacturing company headquartered in Mumbai, Maharashtra. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors, is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018. Its major competitors in the Indian market include Maruti Suzuki India and Tata Motors. Anish Shah is the current CEO and Managing Director of Mahindra & Mahindra.

<span class="mw-page-title-main">Honda Cars India</span> Indian subsidiary of Honda Cars

Honda Cars India Ltd., abbreviated as HCIL, is an automobile manufacturer in India owned by Honda Motor Co. Ltd. The company was established in 1995 as a joint venture called Honda Siel Cars India (HSCI). The company was renamed to HCIL in September 2012 following the sale of 3.16 percent stake owned by Usha International, making it a 100 percent subsidiary of Honda Motor Co. Ltd.

<span class="mw-page-title-main">General Motors India</span> Subsidiary of General Motors

General Motors India Private Limited was a subsidiary of General Motors for its operations in India. General Motors had 93% stake in this partnership and the remaining 7% was held by SAIC. It was the 5th largest automobile manufacturing company in India after Maruti Suzuki, Hyundai, Tata Motors and Mahindra. After 21 years of operations in India, General Motors ceased selling cars in India by the end of 2017 as a part of its global restructuring actions.

<span class="mw-page-title-main">Nissan Motor India</span> Indian subsidiary company

Nissan Motor India Pvt Ltd is the Indian subsidiary of Nissan Motor Company of Japan.

<span class="mw-page-title-main">Hyundai Motor India</span> South Korean subsidiary in India

Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of the Hyundai Motor Company headquartered in South Korea. It is the third largest automobile manufacturer in India.

<span class="mw-page-title-main">Automobile Products of India</span> Indian manufacturing company

Automobile Products of India (API) was founded in 1949 at Bombay, by the British company Rootes Group, and later bought over by M. A. Chidambaram of the MAC Group from Madras. The company manufactured Lambretta scooters, API Three Wheelers under license from Innocenti of Italy and automotive ancillaries, notably clutch and braking systems. API's registered offices were earlier in Mumbai, later shifted to Chennai, in Tamil Nadu. The manufacturing facilities were located in Mumbai and Aurangabad in Maharashtra and in Ambattur, Chennai. The company has not been operational since 2002.

<span class="mw-page-title-main">Kansai Nerolac Paints</span> Paint company in India

Kansai Nerolac Paints Limited is the largest industrial paint and third largest decorative paint company of India based in Mumbai. It is a subsidiary of Kansai Paint of Japan. As of 2015, it has the third largest market share with 15.4% in the Indian paint industry. It is engaged in the industrial, automotive and powder coating business. It develops and supplies paint systems used on the finishing lines of electrical components, cycle, material handling equipment, bus bodies, containers and furniture industries.

<span class="mw-page-title-main">SRG Global</span> Manufacturer

SRG Global Inc. is one of the largest manufacturers of chrome plated plastic parts for the automotive and commercial truck industries. Headquartered near Detroit in Troy, Michigan, the Tier 1 supplier has manufacturing operations across North America, Europe and Asia. The company’s Advanced Development Center in Taylor, Michigan, is a dedicated facility for developing new plastics coating technology.

<span class="mw-page-title-main">Jamna Auto Industries</span>

JAI is an Indian multinational suspension system automotive company headquartered in Delhi, India. JAI produces various types of springs, including tapered or multileaf, parabolic spring, lift axle suspension, and air suspension systems. JAI manufacturing units are found in Yamuna Nagar, Malanpur, Chennai, Hosur, Rudrapur, and Jamshedpur. JAI products are sold in over 25 countries.

Samvardhana Motherson International Ltd is an Indian multinational manufacturer of automotive components, based in Noida. It makes wiring harnesses, plastic components and rearview mirrors for passenger cars. The company was established in 1986 as a joint venture with the Sumitomo Group of Japan.

<span class="mw-page-title-main">Tube Investments of India Limited</span> Indian manufacturing company

Tube Investments of India Limited is an Indian engineering and manufacturing company that specializes in bicycles, metal formed products, and chains. It is based in Chennai and a part of Murugappa Group. It was incorporated as TI Cycles of India Limited in 1949, as a joint venture company.

AMCO Batteries Limited, headquartered in Chennai, Tamil Nadu, is an automobile and commercial battery manufacturing company. Founded in 1932, it is a part of Rs. 15,000-crore Amalgamations Group, one of India's largest light engineering groups. Today, AMCO is the leading supplier of two-wheeler batteries to companies like Honda, Hero Motor Corp, Bajaj Auto, TVS, Yamaha, Royal Enfield, Mahindra Two Wheelers etc. It also supplies four-wheeler batteries to TAFE Tractors, Eicher Tractors, Sonalika Tractors etc.

<span class="mw-page-title-main">JSW MG Motor India</span> Automotive company

JSW MG Motor India Pvt Ltd, previously MG Motor India Private Limited until 2024, is an automobile manufacturer in India, which was established in 2019. Since 2023, it is a joint venture between the Mumbai-based Indian multinational conglomerate JSW Group and Shanghai-based Chinese automotive manufacturer SAIC Motor, a Chinese state owned automobile manufacturer which markets vehicles under the British MG marque.

Suzuki Motor Gujarat Private Limited(SMGPL) is an automotive manufacturing plant owned by Suzuki Motor Corporation. Located in Hansalpur Becharaji village of Mandal Taluka in Ahmedabad District, it is the first and the only Suzuki automobile manufacturing plant in India that is wholly owned directly by Suzuki as a foreign company, as the other plants are owned by Maruti Suzuki. The plant supplies vehicles to Maruti Suzuki in the domestic market and to overseas markets. The plant was opened on 1 February 2017 and has the total annual capacity of 750,000 units. The plant has helped Suzuki achieve exports of 2 million units from India. On 31 July, Maruti Suzuki made an announcement to acquire 100% stake of SMG from SMC.

References

  1. ↑ "Asahi India Glass Balance Sheet, Asahi India Glass Financial Statement & Accounts". www.moneycontrol.com. Retrieved 4 January 2019.
  2. 1 2 "Asahi India Glass Ltd, ASAHIINDIA:NSI profile - FT.com". markets.ft.com. Retrieved 4 January 2019.
  3. 1 2 3 "Asahi India Glass: Reports". NDTV . Retrieved 4 January 2019.
  4. ↑ "Asahi India Glass banks on positive auto market trend". Motor India Online. 2 October 2017.
  5. ↑ Sharma, Ankit (13 July 2017). "Asahi India plans to maintain market share of 20% in Architectural segment". The Economic Times .
  6. 1 2 3 4 5 "Asahi India Glass Ltd". Business Standard India. Retrieved 4 January 2019.
  7. 1 2 3 4 5 6 "Asahi India Glass History | Asahi India Glass Information - The Economic Times". economictimes.indiatimes.com. Retrieved 4 January 2019.
  8. ↑ "Asahi India Glass to start commercial production at Taloja Float Glass Plant". The Economic Times . 9 November 2017. Retrieved 4 January 2019.
  9. ↑ "Asahi India Glass". www.moneycontrol.com. Retrieved 4 January 2019.
  10. ↑ "Asahi India Glass to invest Rs 500-crore in new Gujarat Plant". 26 May 2017.
  11. ↑ "Asahi India Glass commences operations at new facility". Business Standard. 10 November 2017. Retrieved 21 September 2020.
  12. ↑ "Leading the way with 'Green & Sustainable' products: AIS".
  13. ↑ "Asahi India Glass Ltd (AISG.NS)". Archived from the original on 22 October 2018.
  14. ↑ ""AUTOMAKERS ARE RESEARCHING FOR LIGHTWEIGHTING SOLUTIONS"".
  15. ↑ "Asahi-Floatglass amalgamation approved". The Hindu . 31 January 2003.[ dead link ]
  16. ↑ "Asahi Glass in Timex deal". 2 December 2017.
  17. ↑ "Asahi India Glass, Padmini VNA acquire 100% stake in Timex Group Precision". 1 December 2017.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.