Euro Pratik Acquires Majority Stake In Chawla Brothers

28 Mar 2026 CW Team

Euro Pratik Sales Limited has agreed to acquire a 51 per cent stake in Chawla Brothers for Rs 332 mn, including a capital infusion of Rs 41 mn. The transaction is expected to be completed by March 31, 2026 and will be funded through internal accruals, reflecting a net debt free balance sheet. The business is projected to generate Rs 800 mn in revenue in FY27.

This is the company’s second strategic acquisition in the last four months, following the purchase of URO Veneer World which strengthened presence in the southern market. Together the transactions reflect a focused strategy to expand geographic footprint and deepen presence across India. Management has characterised the move as part of continued evaluation of value accretive growth opportunities.

Chawla Brothers was founded in 1978 and has established distribution across Punjab, Haryana, Jammu and parts of Himachal Pradesh, with strong reach in tier two and tier three cities and towns. The firm operates both wholesale and retail channels and supports a diverse customer base including architects, builders, contractors, original equipment manufacturers and retail consumers. It operates an extensive dealer network of over 450 dealers and maintains warehousing of 50,000 sq. k. from key locations in Jalandhar and Ludhiana.

The integration is expected to accelerate product penetration in underpenetrated regions by leveraging Chawla Brothers’ established dealer network to improve market access across wholesale and retail channels. Management anticipates a gradual replacement of competing products with Euro Pratik’s own offerings, driving higher revenue and market reach. Improved logistics efficiency, existing infrastructure and regional brand equity are expected to support sustainable growth while the company retains a net debt free position. The chairman further indicated that the company will continue to evaluate strategic acquisition opportunities to drive long term shareholder value.

Real Estate

17 Apr 2026

Sarovar Hotels Taps Branded Residences And Targets Over 400 Hotels

Sarovar Hotels and Resorts (Sarovar) plans to tap branded residences as part of a strategic expansion that aims to take its portfolio to over 400 hotels in five years. The company intends to leverage brand licensing and management contracts to accelerate growth while maintaining an asset light approach. The move is positioned as an extension of its hospitality offerings into residential developments linked to its hotel brands. It will seek partnerships with property developers to co-create projects that align with its service standards and operational model. The company views branded residence..

Hyatt Eyes Aggressive India Expansion Through Acquisitions

Hyatt is pursuing an aggressive expansion strategy in India centred on acquisitions and strategic partnerships as it seeks to deepen its presence across the country. The group is reported to be evaluating a range of assets from established hotels to development sites in major and emerging markets. The plan is aimed at accelerating room growth and capturing rising demand across domestic and inbound travel segments. The company is said to favour a mix of asset acquisitions and management agreements to maintain flexibility while scaling. It is focusing on both gateway cities and secondary leisure..

Greater Noida West Housing Project To Be Revived

Local authorities have approved a plan to revive a stalled housing project in Greater Noida West, officials said, after prolonged delays left many homebuyers waiting for possession. The decision follows reviews of construction progress, financial viability and regulatory compliance, and the restart is to be overseen by a dedicated monitoring team. The revival plan aims to address unfinished work and restore contractor activity while ensuring that construction standards are met. Homebuyers are to be kept informed of timelines and milestones. The developer has been required to submit a revised p..