| Insulation | Manufacture and supply of hot and cold insulation materials, including expanded polystyrene and GRP panels. | Strong Indian manufacturing footprint, expertise in pharma clean rooms, and longstanding client relationships. | B2B clients in pharmaceuticals, chemicals, electronics, and industrial sectors. | Specialized pharma and semiconductor clean rooms and GRP panel products. | 251 | 94 | Through direct sales of insulation products and project-based erection and commissioning services. | Direct sales with project-based pricing. | Increased industrial demand for energy-efficient insulation and custom clean room solutions. | |
| Trading | Trading activities in domestic and international markets involving industrial products and materials. | Market access through established distribution channels. | Industrial buyers and distributors. | Selective trading of niche industrial products. | 17 | 6 | Revenue through domestic and export sales. | Sales based, transactional. | Export market growth and domestic industrial demand. | |
