Aparna Enterprises to invest 100 Cr in Alteza brand in next 4 years
Commenting on the plans for Alteza, Ashwin Reddy, Managing Director, Aparna Enterprises, said, “Aluminum window and door system market in India is close to 20,000 crores and it is growing at a CAGR of 7.9%. There is a growing demand for quality products as well as services and we are gearing up to address this demand. From the 100 crores, 60 percent of the funds will be directed towards strengthening the manufacturing capacity and the rest towards research & development and building our dealership network. To complement this growth vision, we are also planning to strengthen our team. We plan to hire more than 100 people by the end of 2021 and majority of this will be in Telangana. We are optimistic that Alteza will capture 8-10% of the organized aluminum door and window market by 2025.”
Launched in 2019 Alteza has wide range of aluminium window, door and railing systems. With Alteza ACA M-19, the brand will be further strengthening its foothold in the growing premium aluminum window and door systems market. The new system ACA M-19 is the slimmest sliding door system from the house of Aparna Enterprises. The system comes with a slimmer interlock and reverse interlock of just 19 mm as compared with 40 mm in standard sliding door systems. The ACA M-19 system can manage a single panel of 6.72 M2 dimension and can manage a single panel weight of 300 kg. The elegant system with thin profiles will enable consumers to have more light that can come inside the home and views of the outside are less inhibited. Slimmer interlocks are also considered attractive and show resemblance to a contemporary appearance.