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Asian Granito in Fortune India's List as one of The Next Fortune 500 companies

Posted On: 2019-09-20 17:38:40

Asian Granito India Ltd (AGIL), one of India's largest tiles companies has been honoured by Fortune India as one of The Next Fortune 500 companies in its ranking for the year 2019. The company was honoured with the award from Fortune India as one of the Top Wealth Creators. The overall ranking of the company jumped 51 places to 197 in the year 2019 from 248 in 2018. For the FY 2018-19, AGIL reported a net sales of Rs. 1186.7 crore.

Mr. B. K Goenka, President, ASSOCHAM & Chairman, Welspun Group presented the award to Mr. Rakesh Patel, Associate, Asian Granito India Ltd at a ceremony organised in Mumbai. Mr. Sourav Majumdar, Editor, Fortune India and Subramanian Ananthapadmanabhan, VP, Digital Core, SAP Indian Subcontinent were also present at the event.

Mr. Kamlesh Patel, CMD, Asian Granito India Ltd said "It is indeed an honour to be in the list of prestigious next top 500 companies by Fortune India. This year we have further strengthened our position and achieved a rank in the top 200 companies. This is a testimony of our business model, strategies, strength, and vision of the management. We are now further motivated towards continuing our efforts for quality excellence and commitment."

Established in the year 2000, AGL is Ranked among top 3 listed ceramic tiles companies in India and manufactures and markets a wide range of Tiles, Engineered Marble and Quartz. The Company has achieved 40 times growth in its production capacity, from 2,500 square meters per day in the year 2000 to currently more than 1 lakh square meter per day. Recognizing the remarkable growth. The company exports its products to 60 countries and aiming to expand its network to 100 countries in coming time.

Fortune India Next 500 is a ranking of the 500 midsized companies in India compiled the basis of latest sales and gross revenue figures. The list celebrates those organisations that fuel India's economy.

Shares of ASIAN GRANITO INDIA LTD. was last trading in BSE at Rs.236.4 as compared to the previous close of Rs. 238.5. The total number of shares traded during the day was 26428 in over 1360 trades.

The stock hit an intraday high of Rs. 247.95 and intraday low of 234.2. The net turnover during the day was Rs. 6349598.

Source: Equity Bulls

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