We are not just about beautifying spaces, we are transforming lifestyles
Real Estate

We are not just about beautifying spaces, we are transforming lifestyles

- Charudutt Patil, Director, Ceramics, Infra.Market What are your areas of focus and why? What technologies have been incorporated in the products?Increasing urbanisation, rising disposable incomes and evol...

- Charudutt Patil, Director, Ceramics, Infra.Market What are your areas of focus and why? What technologies have been incorporated in the products?Increasing urbanisation, rising disposable incomes and evolving consumer preferences for aesthetic interiors have boosted demand for high-end, design-oriented tiles like glazed vitrified tiles (GVT), polished glazed vitrified tiles (PGVT) and digital wall tiles. To stay competitive in both quality and cost, we are investing in newer technologies, automated production lines, digital printing and advanced kilns to enhance consistency, design and operational efficiency. Product differentiation calls for multiple technological incorporations in manufacturing, including digital inkjet printing, glazed vitrified technology (GVT and PGVT), nano-polishing technology, double-charged tiles manufacturing, anti-bacterial glazing, and hydrophobic and easy-clean coatings. Demand for bespoke designs, anti-bacterial, anti-skid, solar-reflective and smart tiles (e.g. temperature-regulating tiles for outdoor use) offers scope for differentiation and premium pricing. As the world’s third-largest tile manufacturer, India exports significantly to the US, Middle East, Africa and Europe, offering higher margins and scalable growth opportunities.How do you see the tiles industry in India evolving over the next decade?Valued at Rs 595 billion in 2023, the ceramic tiles market in India is expected to reach Rs 707 billion by 2025. Growth is driven by rising real-estate activity, premium renovation demand and infrastructure development in Tier-2 and Tier-3 cities. India has emerged as a global manufacturing hub, ranking as the third-largest tile exporter. The market is shifting from price-led competition to design, speed and fulfilment. Our multi-brand strategy and digital-first distribution give us a strong edge, moving from commoditised products to value-engineered, design-led ceramic solutions, where scale and innovation define leadership.What are your long-term growth plans?Our long-term vision is to largely expand our presence in the premium and value-added product segments, focusing on high-margin categories such as GVT, PGVT, large-format slabs, porcelain tiles and designer wall tiles. We are looking to invest in bespoke collections through collaborations with interior designers and curated concepts for residential, commercial and hospitality spaces. Expanding company-owned experience centres across metros and Tier-1 cities, we are enhancing our presence on B2C e-commerce platforms and developing AR/VR-based visualisation tools, allowing customers to digitally preview tile layouts in their spaces. We will unlock new avenues for growth into complementary categories like sanitaryware and bath fittings. Our brand-building efforts will position us as a lifestyle brand, not just a construction material provider, through collaborations with celebrity designers, architects and influencers for curated collections and exclusive launches. Globally, we plan to strengthen exports in high-growth markets such as the US, Europe, the Middle East, Africa and Latin America. This includes establishing exclusive distribution networks, pursuing local partnerships and participating in international trade shows with a focus on certification-led market entries. Capacity expansion and product diversification remain key to our journey ahead.

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Real Estate

CRISIL Leases Rs 6 billion Office Space in Mumbai’s Powai

CRISIL, a leading global analytics and rating agency, has signed a long-term lease worth nearly Rs 6 billion for about 250,000 sq ft of office space in Mumbai’s Powai. The lease, among the largest in the city’s commercial property segment, spans approximately 15 years.The company will occupy a new building at Hiranandani Business Park in Powai, one of Mumbai’s most premium business districts known for its modern infrastructure and connectivity. The lease, structured on a long-term model, underscores the growing demand for high-quality, large-scale office spaces from financial and knowled..

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Real Estate

Kolte-Patil Acquires 7.5-Acre Pune Land with Rs 14 bn GDV

Kolte-Patil Developers has acquired a 7.5-acre land parcel in Pune’s western micro-market, with a projected gross development value (GDV) of around Rs 14 billion. The project will be developed as a premium residential community catering to mid and upper-income homebuyers. Located along the Baner-Balewadi corridor, the land is strategically positioned near Pune’s IT and commercial hubs. The acquisition is expected to strengthen the company’s presence in the city’s high-demand residential zones.According to the developer, the project will feature contemporary amenities and sustainab..

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Infrastructure Energy

Norwegian Fund Invests $20 Million in IPO-Bound SAEL

SAEL, backed by global investors including TPG Rise and Norfund, operates over 20 renewable projects across India, with a total capacity exceeding 600 MW. The company has been expanding aggressively in the waste-to-energy and solar segments as part of India’s broader clean energy transition.The funds raised through this investment will help SAEL accelerate project implementation, enhance operational efficiency, and reduce carbon emissions. The partnership also reinforces Norway’s growing interest in India’s renewable energy market, which continues to attract significant foreign capi..

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