+
Saint-Gobain Predicts 3-Fold Growth in India Business in 10 Years
ECONOMY & POLICY

Saint-Gobain Predicts 3-Fold Growth in India Business in 10 Years

Saint-Gobain, a France-headquartered leader in light and sustainable construction, is targeting a three-fold growth in the Indian market over the next decade, according to senior executives at the company during a meeting in Chennai. Saint-Gobain India expects to finish the current fiscal year with a turnover of Rs 142 billion, which is projected to grow to nearly Rs 500 billion by 2035.

B Santhanam, the CEO of Saint-Gobain for Asia Pacific and India, stated that if India's economy grows at 7 per cent per annum over the next two decades, the company expects its turnover to reach Rs 500 billion by 2035. He also mentioned that the company has experienced nearly 90 per cent growth in the past five years.

The group operates through three companies in India: Saint-Gobain India, the only unlisted entity, along with the listed Grindwell Norton and Saint-Gobain Sekurit India.

Santhanam shared that the company is witnessing growth opportunities across almost all verticals. He noted that apart from steel, cement, concrete, aluminium, and paints, there are few credible building material companies like Saint-Gobain, which provides a range of solutions for residential, commercial, and infrastructure sectors. He added that over 90 per cent of what the company markets is manufactured in-house. The company’s business is split as follows: glass manufacturing (including automotive, architectural, and solar) accounts for approximately 50 per cent, gypsum and construction chemicals make up about 25 per cent, abrasives and ceramics represent 20 per cent, and other unique businesses account for 5 per cent.

Saint-Gobain, a France-headquartered leader in light and sustainable construction, is targeting a three-fold growth in the Indian market over the next decade, according to senior executives at the company during a meeting in Chennai. Saint-Gobain India expects to finish the current fiscal year with a turnover of Rs 142 billion, which is projected to grow to nearly Rs 500 billion by 2035. B Santhanam, the CEO of Saint-Gobain for Asia Pacific and India, stated that if India's economy grows at 7 per cent per annum over the next two decades, the company expects its turnover to reach Rs 500 billion by 2035. He also mentioned that the company has experienced nearly 90 per cent growth in the past five years. The group operates through three companies in India: Saint-Gobain India, the only unlisted entity, along with the listed Grindwell Norton and Saint-Gobain Sekurit India. Santhanam shared that the company is witnessing growth opportunities across almost all verticals. He noted that apart from steel, cement, concrete, aluminium, and paints, there are few credible building material companies like Saint-Gobain, which provides a range of solutions for residential, commercial, and infrastructure sectors. He added that over 90 per cent of what the company markets is manufactured in-house. The company’s business is split as follows: glass manufacturing (including automotive, architectural, and solar) accounts for approximately 50 per cent, gypsum and construction chemicals make up about 25 per cent, abrasives and ceramics represent 20 per cent, and other unique businesses account for 5 per cent.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?