Everest Industries

Last updated

Everest Industries Limited
Company type Public
Industry Building materials
Founded1934;90 years ago (1934)
Headquarters Mumbai, Maharashtra, India
Key people
 Anant J Talaulicar [1]
(chairman)

Rajesh Joshi [2] (CEO, MD & director)

Pramod Nair (CFO)
RevenueIncrease2.svg₹1,685.46 crore (US$200 million) [3]  (2023)
Increase2.svg₹1,645 crore (US$200 million) (2023)
Total assets Increase2.svg₹1,133.35 crore (US$140 million) (2023)
Number of employees
1400+ (2024)
Subsidiaries
  • Everest Buildpro Private Limited
  • Everest Steel Building Private Limited
  • Everest Building Products
  • Everestind FZE
Website www.everestind.com

Everest Industries Limited, is an Indian multinational company that manufactures building materials. [4] It has a presence in around 35 countries and employs around 1400 employees. Everest Industries operates these business segments: roofing, ceiling, wall, flooring, cladding solutions, pre-engineered steel buildings and other building materials. [5] [6]

Contents

History

Everest Industries Limited was founded in 1934 under the name of Asbestos Cement Ltd. [7] in Nashik, Maharashtra.

In 1983, the company changed its name to Everest Building Product Ltd., in the same year the company went public on the Bombay Stock Exchange. [8] Then again in 1990 the company was renamed as Eternit Everest Ltd. Finally in 2003 it got its current name.

In 1995, it also got listed on the National Stock Exchange of India. [9]

In 2010, Everest Industries received the CIDC VISHWAKARMA AWARDS, [10] [11] In the same year it also received the ICWAI award by Salman Khurshid, Minister of External Affairs (India). [12]

Subsidiaries

Operational

Everest Industries operates in around thirty-five countries and focuses on roofing, ceiling, wall, flooring, cladding solutions and pre-engineered steel buildings.

It employs around 1400 people around the world and reached a combined revenue of INR 1685 crore in 2023. It has three manufacturing plants for pre-engineered steel buildings- Roorkee in Uttarakhand, Ranchi in Jharkhand and Dahej in Gujarat. [15]

Management

Members of the executive committee are formally appointed by the board of directors.

Social responsibility

Everest Industries has developed several educational and social responsibility initiatives through Everest Foundation. In 2021 it launches a rural skill school to engage rural adolescents and equip them with relevant vocational as well as life skills in association with Salaam Bombay Foundation. [18]

The Foundation focused on preventive healthcare, training and skill building, sports promotion, and community building in rural areas in 2020–22.

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References

  1. ↑ "Intimation regarding appointment of Additional Independent Director" (PDF). NSE India. Retrieved 12 May 2024.
  2. ↑ "Everest Industries Limited (EVERESTIND.NS)". Yahoo Finance. Retrieved 12 May 2024.
  3. ↑ "Everest Industries Limited" (PDF). BSE India.
  4. ↑ "Everest Inds to set up manufacturing facility in South India". Business Standard. Retrieved 28 May 2024.
  5. ↑ "Building solutions firm Everest Industries plans Rs 60 crore expansion in Nashik". Economic times. Retrieved 12 May 2024.
  6. ↑ "Money-making opportunity! In chat with Anil Singhvi, Sandeep Jain recommends Everest Industries as a stock to buy". Zee Business. 17 February 2021. Retrieved 28 May 2024.
  7. ↑ "Born before India's independence, these companies grew to be MF favourites. Here's their journey". Money Control. Retrieved 12 May 2024.
  8. ↑ "EVEREST INDUSTRIES LTD". BSE India. Retrieved 12 May 2024.
  9. ↑ "Everest Industries Limited Share Price Today, Stock Price, Live NSE News, Quotes, Tips – NSE India". NSE India. Retrieved 12 May 2024.
  10. ↑ "Everest Industries Ltd wins CIDC Vishwakarma Award". constructionweekonline. 24 May 2010. Retrieved 12 May 2024.
  11. ↑ "LIST OF AWARDESS – 2nd CIDC VISHWAKARMA AWARDS 2010" (PDF). CIDC. Retrieved 12 May 2024.
  12. ↑ "Everest Industries bags ICWAI award again". IndianExpress. 12 July 2010. Retrieved 12 May 2024.
  13. ↑ "Everest Industries eye Rs 500 crore sales from pre-engineered buildings business this fiscal". The Economic Times. 14 September 2015. Retrieved 12 May 2024.
  14. ↑ "Everest Industries receives NCLT approval for scheme of merger". Business Standard. Retrieved 12 May 2024.
  15. ↑ "Everest Industries eyes Rs 500 crore revenue from PEB business". Economic Times. 13 September 2015. Retrieved 12 May 2024.
  16. ↑ "In pics Stocks in the news: Ashok Leyland, Endurance Tech, Sintex Industries, RIL, Surya Roshni, TCI, Apollo Tyres, Star Cement". MoneyControl.com. Retrieved 12 May 2024.
  17. ↑ "Keki Mistry, Jaspal Bindra, other industry A-listers to share insights at the FE CFO Connect Conclave". Financial Express. 18 September 2022. Retrieved 12 May 2024.
  18. ↑ "Salaam Bombay Foundation in association with Everest Foundation launches its first rural skills@school chapter in Nashik". APN News. Retrieved 12 May 2024.
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