Asian Granito

Asian Granito

Company type	Public Ltd. Co.
Traded as	NSE:  ASIANTILES, BSE:  532888
Industry	ceramics, Building Materials
Founded	2000
Founder	Mr. Kamlesh Patel and Mr. Mukesh Patel
Headquarters	Ahmedabad, Gujarat , India
Area served	India
Revenue	₹1,558.52 crore (US$180 million) (FY 2025) https://www.news18.com/agency-feeds/asian-granito-india-back-in-black-posts-rs-16-36-cr-profit-for-q4-9359293.html
Net income	₹20.34 crore (US$2.4 million) (FY 2025) https://www.news18.com/agency-feeds/asian-granito-india-back-in-black-posts-rs-16-36-cr-profit-for-q4-9359293.html
Total assets	₹2,097.81 crore (US$250 million) (FY 25) https://www.news18.com/agency-feeds/asian-granito-india-back-in-black-posts-rs-16-36-cr-profit-for-q4-9359293.html
Number of employees	6000 (FY 2025)
Website	aglasiangranito.com

Asian Granito Limited is an Indian manufacturer of ceramic and vitrified tiles. The company was founded in the year 2000 and is headquartered in Ahmedabad, Gujarat. ^{[1] [2] [3]}

The Company manufactures and markets Tiles, Engineered Marble and Quartz, Sanitary ware and Faucets. ^{[4] [5]}

Asian Granito is a publicly listed company on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). ^{[6] [7]}

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. ^[1]

In the year 2007, Asian Granito launched its IPO and as listed on Bombay Stock Exchange and National Stock Exchange. ^[8]

In October 2021, AGL launched Rs. 225 crore rights issue to fund its working capital requirements and to implement debt reduction plan. ^[9]

In April 2022, AGL launched another 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. ^{[10] [11]}

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, US, UK, Thailand, Indonesia, Senegal and Nepal. ^{[12] [13]}

In July 2024, AGL launched exclusive experience gallery at Ahmedabad Airport. ^[14]

Asian Granito ventures into the sanitaryware sector and anticipates a turnover of approximately Rs. 400 crore within next five years. ^[15]

In March 2025, AGL opened 3,500 square feet Display Center in Hyderabad. ^[16]

Footnotes

• Indepth Research Report by Edelweiss
• Asian GRanito Research Report
• Asian Granito Stock Analysis by Yagnesh Patel

References

1. "How tile maker Asian Granito India Ltd is making India proud globally - know why the world is praising this Gujarati brand!". Fortune India. Fortune (magazine). 20 September 2021.
2. "How Asian Granito India has emerged as one of the largest ceramic players of India". Financialexpress. The Financial Express (India). 1 March 2018.
3. "rending Topics Tile manufactures Q1 review: Prefer Asian Granito for the long term". MoneyControl.
4. "Asian Granito stock rallies 11% on plans to establish new firm in UK". business-standard.com. Business Standard.
5. "AGL ropes in Ranbir Kapoor as brand ambassador". timesofindia.indiatimes.com. The Times of India. 22 March 2024.
6. "Asian Granito India posts net profit of Rs 4.70 crore in Q2 FY25 - ET RealEstate". ETRealty.com. The Economic Times.
7. "Benign Growth For Asian Granito India Limited (NSE:ASIANTILES) Underpins Stock's 26% Plummet". simplywall.st. 19 February 2025.
8. "Asian Granito IPO Date, Price, GMP, Review, Details". Chittorgarh.com.
9. "Asian Granito clarifies on promoter holding". mint. 25 August 2021.
10. "Asian Granito files draft paper for upto Rs. 500 crore rights issue - ET RealEstate". ETRealty.com. The Economic Times.
11. "Asian Granito to open ₹441 cr rights issue on Apr 25. Key highlights here". Livemint. Mint (newspaper).
12. "Asian Granito India posts profit of Rs 35.36 lakh in Q1 FY25 - ET RealEstate". ETRealty.com.
13. "Asian Granito signs joint venture agreement With Shudh Investments and UK's Klyn Stone - CNBC TV18". CNBCTV18. 10 December 2024.
14. "Asian Granito India launches exclusive experience gallery at Ahmedabad airport". Constructionworld.
15. "AGL expects Rs 400 crore turnover from sanitaryware & bathware in five years". The Times of India. 26 December 2023.
16. "Asian Granito Opens 3,500 sq ft Luxury Display Center in Hyderabad". www.constructionworld.in.