Saint-Gobain bags minority stake in home interior firm Livspace

16 Nov 2021 CW Team

French multinational company Saint-Gobain has acquired a minority stake in Livspace, a home interiors company.

B Santhanam, CEO of Asia-Pacific of Saint-Gobain told the media that This partnership benefits both companies by allowing them to scale up faster and reach a wider audience. Livspace provides a complementary route to market by promoting Saint-Gobain-branded solutions.

In terms of customer behaviour, technology platform, services, and supply chain, we will derive significant synergies and learnings.

Livspace, which was founded in 2015, serves approximately 20,000 homes in India each year. The company recently announced plans to invest $50 million in expanding its business across 80 markets, including 60 new market entries in India and 20 cities across the Asia Pacific.

Livspace said that over the next 18 months, it also plans to open 150 Design Experience Centres (ECs). The company hopes to capture demand for modular solutions in markets such as Indore, Surat, Lucknow, and Mysore, among others, with this phase of expansion.

Over 1,000 new design entrepreneurs will be onboarded by the company across the country.

In India, Saint-Gobain India Private Limited - Glass Business formerly Saint-Gobain Glass India Limited manufactures and markets solar control glass, fire-resistant glass, and other types of float glass. Its manufacturing facility is located in Sriperumbudur, about 40 km from Chennai.

The float-line business of Sezal Glass, based in Gujarat, India, was acquired by Saint Gobain Glass India in June 2011. The deal was worth around $150 million and adds about 550 tonnes per day to the company's capacity.

Image Source

Also read: Home renovation platform Livspace plans $50 mn biz expansion

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..