Saint-Gobain Targets Threefold Growth in India by 2035
ECONOMY & POLICY

Saint-Gobain Targets Threefold Growth in India by 2035

France-based sustainable construction giant Saint-Gobain is projecting a threefold increase in its Indian business over the next decade. Speaking in Chennai, senior executives revealed that Saint-Gobain India expects to close the fiscal year with Rs 142 billion in revenue, with a target of Rs 500 billion by 2035, assuming India sustains an annual growth rate of 7%.

B Santhanam, CEO of Asia Pacific and India at Saint-Gobain, highlighted that the company has achieved nearly 90% growth over the past five years. Saint-Gobain operates in India through three entities: Saint-Gobain India (unlisted), Grindwell Norton, and Saint-Gobain Sekurit India (both listed).

"Growth opportunities are present across all verticals," said Santhanam, emphasising the company's comprehensive solutions portfolio for residential, commercial, and infrastructure projects. Key business segments include glass manufacturing (50%), gypsum and construction chemicals (25%), abrasives and ceramics (20%), and other niche areas (5%). Over 90% of Saint-Gobain's products in India are manufactured locally.

The company’s strategic shift in 2018 to organise operations by country rather than business lines has driven significant growth. "This model has propelled Saint-Gobain to approximately $50 billion in global sales," said CEO Benoit Bazin. The company has also diversified its leadership, with 90% of its country CEOs being local nationals.

Global acquisitions have shifted Saint-Gobain's profit distribution, with two-thirds now coming from North America, Asia, and emerging markets, compared to its earlier dependence on Western Europe. To meet growing demand, the company continues to emphasise local manufacturing, operating 900 production facilities worldwide.

Saint-Gobain’s expansion in India aligns with its strategy to capture growth in fast-developing markets, including the US, Canada, the Middle East, and Australia.

(ET)

France-based sustainable construction giant Saint-Gobain is projecting a threefold increase in its Indian business over the next decade. Speaking in Chennai, senior executives revealed that Saint-Gobain India expects to close the fiscal year with Rs 142 billion in revenue, with a target of Rs 500 billion by 2035, assuming India sustains an annual growth rate of 7%. B Santhanam, CEO of Asia Pacific and India at Saint-Gobain, highlighted that the company has achieved nearly 90% growth over the past five years. Saint-Gobain operates in India through three entities: Saint-Gobain India (unlisted), Grindwell Norton, and Saint-Gobain Sekurit India (both listed). Growth opportunities are present across all verticals, said Santhanam, emphasising the company's comprehensive solutions portfolio for residential, commercial, and infrastructure projects. Key business segments include glass manufacturing (50%), gypsum and construction chemicals (25%), abrasives and ceramics (20%), and other niche areas (5%). Over 90% of Saint-Gobain's products in India are manufactured locally. The company’s strategic shift in 2018 to organise operations by country rather than business lines has driven significant growth. This model has propelled Saint-Gobain to approximately $50 billion in global sales, said CEO Benoit Bazin. The company has also diversified its leadership, with 90% of its country CEOs being local nationals. Global acquisitions have shifted Saint-Gobain's profit distribution, with two-thirds now coming from North America, Asia, and emerging markets, compared to its earlier dependence on Western Europe. To meet growing demand, the company continues to emphasise local manufacturing, operating 900 production facilities worldwide. Saint-Gobain’s expansion in India aligns with its strategy to capture growth in fast-developing markets, including the US, Canada, the Middle East, and Australia. (ET)

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?