+
Magma expands portfolio with MagFix
Products

Magma expands portfolio with MagFix

B2B manufacturing and supply chain enablement platform for building materials, Magma is thrilled to announce its expansion into the adhesive market with the launch of MagFix. This move is a strategic initiative to enhance its portfolio and provide comprehensive solutions to manufacturers, complementing its existing offerings.

Founded in February 2022, Magma is a B2B supply chain enablement startup operating in the building and construction materials space, acting as a full-stack solution for factories for their raw material, energy, infra and market linkage requirements. Magma?s vision is to build the modern factory stack for manufacturers in Asia & leverage the China+1 manufacturing shift. The company is backed by leading global VCs like General Catalyst & Accion Venture lab and is on track to close this financial year at annualised GMV run rate of INR 300 crores.

MagFix stands out as a high polymer modified, cement-based tile adhesive meticulously crafted to meet the evolving needs of the construction industry. Its superior formulation offers unparalleled performance in adhering to tiles and natural stones, making it an ideal choice for tile manufacturers seeking reliability, durability, and ease of use. MagFix, with its two specialized grades ? MagFix Ultra and MagFix Supreme ? is designed to meet the diverse needs of the manufacturing sector, providing secure and lasting bonds for tiles and stones in various applications.

?With India experiencing a significant surge in construction and infrastructure projects, MagFix arrives as a solution perfectly aligned with the dynamic needs of the market. As the industry witnesses unprecedented growth, MagFix emerges as the go-to adhesive to elevate the quality and longevity of construction projects.? said Ashish Jani, Chief Operating Officer at Magma.

Magma understands the importance of diversifying revenue streams for its customers. With MagFix, tile manufacturers have the opportunity to expand their product offerings and provide customers with a comprehensive solution for their tiling needs. This strategic move not only adds value to Magma's product line but also opens new avenues for revenue growth for tile manufacturers as they bundle MagFix adhesives with their tile products.

"Introducing MagFix is a natural progression for Magma as we continue to evolve and meet the growing needs of our clients," said Neal Thakker, Founder and CEO at Magma. ?Having built multiple bulk verticals in the past one year, this strategic move into adhesives enhances our ability to offer a complete solution to our clients, reinforcing our commitment to being a partner in their success. MagFix is not just an adhesive; it's a strategic addition that transforms our customers' factories into comprehensive solutions providers.?

On a group level, Magma views the entry into the adhesive market through MagFix as a highly strategic move for margin expansion. By incorporating adhesives into its product offerings, Magma is poised to provide a one-stop solution for manufacturers, streamlining their procurement process and ensuring compatibility across multiple components of their projects. This move not only strengthens Magma's position as a comprehensive manufacturing services provider but also opens new avenues for revenue growth.

B2B manufacturing and supply chain enablement platform for building materials, Magma is thrilled to announce its expansion into the adhesive market with the launch of MagFix. This move is a strategic initiative to enhance its portfolio and provide comprehensive solutions to manufacturers, complementing its existing offerings. Founded in February 2022, Magma is a B2B supply chain enablement startup operating in the building and construction materials space, acting as a full-stack solution for factories for their raw material, energy, infra and market linkage requirements. Magma?s vision is to build the modern factory stack for manufacturers in Asia & leverage the China+1 manufacturing shift. The company is backed by leading global VCs like General Catalyst & Accion Venture lab and is on track to close this financial year at annualised GMV run rate of INR 300 crores. MagFix stands out as a high polymer modified, cement-based tile adhesive meticulously crafted to meet the evolving needs of the construction industry. Its superior formulation offers unparalleled performance in adhering to tiles and natural stones, making it an ideal choice for tile manufacturers seeking reliability, durability, and ease of use. MagFix, with its two specialized grades ? MagFix Ultra and MagFix Supreme ? is designed to meet the diverse needs of the manufacturing sector, providing secure and lasting bonds for tiles and stones in various applications. ?With India experiencing a significant surge in construction and infrastructure projects, MagFix arrives as a solution perfectly aligned with the dynamic needs of the market. As the industry witnesses unprecedented growth, MagFix emerges as the go-to adhesive to elevate the quality and longevity of construction projects.? said Ashish Jani, Chief Operating Officer at Magma. Magma understands the importance of diversifying revenue streams for its customers. With MagFix, tile manufacturers have the opportunity to expand their product offerings and provide customers with a comprehensive solution for their tiling needs. This strategic move not only adds value to Magma's product line but also opens new avenues for revenue growth for tile manufacturers as they bundle MagFix adhesives with their tile products. Introducing MagFix is a natural progression for Magma as we continue to evolve and meet the growing needs of our clients, said Neal Thakker, Founder and CEO at Magma. ?Having built multiple bulk verticals in the past one year, this strategic move into adhesives enhances our ability to offer a complete solution to our clients, reinforcing our commitment to being a partner in their success. MagFix is not just an adhesive; it's a strategic addition that transforms our customers' factories into comprehensive solutions providers.? On a group level, Magma views the entry into the adhesive market through MagFix as a highly strategic move for margin expansion. By incorporating adhesives into its product offerings, Magma is poised to provide a one-stop solution for manufacturers, streamlining their procurement process and ensuring compatibility across multiple components of their projects. This move not only strengthens Magma's position as a comprehensive manufacturing services provider but also opens new avenues for revenue growth.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?