What we do Esprit Stones Limited manufactures artificial quartz and engineered marble surfaces, offering luxury alternatives to natural stone for domestic and export markets. |
Founded in 2,016 |
Market share Emerging player with expanding capacity, strong growth in domestic and export markets including USA and Canada. |
Problem solved Provides durable, cost-effective alternatives to natural stone, ensuring consistent quality and availability of engineered stone surfaces. |
Top clients or who we serve B2B and B2C segments catering to construction, interiors, and real estate sectors domestically and internationally. |
Key management Mr. Sunil Lunawath (MD), Mr. Nitin Gattani (Joint MD), Mr. Pradeep Lunawath (Executive Director). |
Our journey and innovations Started in 2017, expanded production capacity, backward integrated raw material manufacturing, launched premium brand 'Haique' for domestic market. |
Where we operate Primarily India and export markets including USA and Canada. |
Top products or what we offer Engineered quartz surfaces, engineered marble surfaces, unsaturated polyester resin, quartz grit and powder. |
Top brands Haique - premium engineered stones brand with pan-India market presence and international exports. |
Raw materials needed Quartz grit, quartz powder, unsaturated polyester resin. |
Raw materials supplier In-house production through subsidiaries reduces dependency on third-party suppliers. |
Recurring vs cyclical contribution Revenue primarily recurring from engineered stones and raw material sales. |
Our industry position Growing presence with integrated manufacturing capability and premium brand recognition in engineered stone industry. |
Financial highlights Revenue ₹321.48 Cr, Net Profit ₹15.66 Cr for FY 2024-25; exports and domestic sales growing steadily. |
Geographical revenue split Exports constitute over 50% revenue; key geographies include India and USA. |
Order book - |
Whats driving growth Capacity expansion, backward integration, increasing domestic demand for engineered stones, and strong export orders. |
Our future plans Scaling capacity, technology upgrades, expanding showroom network, and resuming suspended subsidiary operations. |
Our green promise Installed 1.7 MW solar power plants reducing energy costs and carbon footprint. |
Our people and values Diverse workforce of 263 with focus on safety, compliance, and employee welfare. |
Key challenges ahead Resuming subsidiary operations suspended by regulators, rising raw material costs, and competitive market. |
Interesting facts Backwards integration in raw materials and early adoption of solar power in manufacturing. |
Risks and strategy Regulatory compliance risks mitigated by robust governance; strategy focuses on innovation, quality, and market expansion. |
