PANAJI: Ahmedabad based Asian Granito India Ltd, the third largest player in the Indian tile industry, expanded its presence in Goa on Thursday with the launch of a new showroom at Santa Cruz.
“The new showroom, the first to be constructed in large format design, is part of our strategy to increase retail sales to 50 per cent in Goa over the next three years from 35 per cent currently,” said Kamlesh Patel, chairman and managing director, Asian Granito India Ltd.
Speaking to media, he said that Goa is an important market for players in the tile industry as tourists from all over the world visit the state.
“The Goan market is witnessing strong growth year-on-year due to booming demand from hospitality and real estate sector. The company has strong dealer, sub-dealer network which it plans to increase manifold in the next two-three,” he said.
In 2016-17 Asian Granito’s Goa turnover was Rs 3.5 crore which is expected to double to Rs 7.5 crore in the current year, according to the company.
The showroom was inaugurated by Kamlesh Patel, chairman and managing director, in the presence of Sidharth Kuncaleinkar, Panaji MLA, Tony Fernandes, MLA Santa Cruz and Indira C Fernandes sarpanch of Santa Cruz.
The company officials present were Bhavesh Patel, director, Nehal Padaliya and Ketan Padaliya, Tile de
Asian Granito India Ltd, is listed on the BSE and NSE and reported consolidated gross revenues of Rs 1,145 crore in 2016-17. In previous year the turnover was Rs 1,086 crore. The company established in 2000 is a major player in India’s tile market and is among the top three manufacturer in India and among the world’s 50 profitable tile companies.
It exports to over 53 countries and aims to expand its export base in coming years.