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
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?