+
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.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code