“Effective cost management measures helped us protect our bottom line.”
- Manish Sanghi, Managing Director, Everest Industries Ltd
Incorporated in 1934, Everest Industries offers a complete range of building solutions such as roofing, ceiling, wall, flooring and cladding and pre-engineered steel buildings for industrial, commercial and residential applications. At present, the company´s products and solutions are available across over 1 lakh villages and 600 cities in India as well as in over 25 countries. In 2014-15, it introduced several value-added products to its building products portfolio.
´During the year, we witnessed some pressure on our input material costs, but effective cost management measures helped us protect our bottom line,´ says Manish Sanghi, Managing Director, Everest Industries Ltd.´While there were multiple strategic initiatives instrumental in our growth, one underlying factor was our focus on execution. A conscious effort was made to complete and deliver projects on time and aggressively expand the distribution network. In a challenging environment, one can be lured to offer credits to boost sales. We consciously avoided this and this decision yielded positive results.´ Following substantial capacity expansion in the past couple of years, Everest will ramp up production at the new facilities to achieve and sustain full capacity utilisation. It will also seek to increase the share of value-added products and continue its focus on providing complete end-to-end solutions.