What we do Exxaro Tiles Limited manufactures and markets vitrified tiles used primarily for flooring under the brand 'Exxaro'. |
Founded in 2,008 |
Market share Established player with significant capacity in double charged and glazed vitrified tiles in India. |
Problem solved Providing durable, aesthetic flooring solutions through advanced vitrified tile manufacturing. |
Top clients or who we serve Serves retail and commercial segments across India and exports; mainly B2B and B2C customers. |
Key management Mukeshkumar B. Patel (Managing Director), Kirankumar B. Patel (Whole-time Director), Himanshu P. Shah (CFO). |
Our journey and innovations Started as frit manufacturer in 2007, evolved into vitrified tile maker; expanded capacities in Vadodara and Sabarkantha; launched big GVT slab line in 2022. |
Where we operate Operations primarily in India with export markets contributing minor revenue. |
Top products or what we offer Double charged vitrified tiles, glazed vitrified tiles, PGVT and GVT tiles under 'Exxaro' brand. |
Top brands Exxaro – recognized brand in vitrified tiles, known for quality and wide product range. |
Raw materials needed Frit, clay, glaze chemicals, colorants, and other ceramic raw materials. |
Raw materials supplier Local and international suppliers for ceramic raw materials and chemicals. |
Recurring vs cyclical contribution Revenue driven by cyclical demand in construction but brands enable steady customer base. |
Our industry position Significant capacity and production scale; recognized mid-sized player in Indian vitrified tiles market. |
Financial highlights FY 2025 revenue approx. Rs. 304 crore; marginal net loss due to plant shutdown and technology upgradation. |
Geographical revenue split India contributes 97.8% of revenue; exports approx. 2.2%. |
Order book - |
Whats driving growth Capacity expansions, product portfolio diversification and rising demand for vitrified tiles. |
Our future plans Focus on capacity enhancement, product line expansion and operational efficiency. |
Our green promise - |
Our people and values Over 600 employees; committed to strong governance, safety, and inclusive culture. |
Key challenges ahead Managing operational shutdowns and technology upgrades without impacting profitability. |
Interesting facts Subdivided equity shares in 2024 to increase affordability and investor participation. |
Risks and strategy Mitigating risks through technology upgrades, market diversification, and stringent internal controls. |
