What we do Gratex Industries Ltd manufactures and trades wallpapers, vinyl profiles, catalogues, furniture, and related products, serving the interior décor and paper product sectors. |
Founded in 1,984 |
Market share A modest player in the Indian paper and home décor market with niche presence in vinyl wallpapers and modular furniture. |
Problem solved Offers aesthetic, durable interior decoration solutions addressing demand for quality wallpapers and furniture products. |
Top clients or who we serve B2B and B2C; serves interior designers, retailers, contractors, and end consumers seeking decorative and functional home furnishings. |
Key management Karan Baldevkrishan Sharma (Managing Director), Mona Pratap Menon (Chief Financial Officer), Neha Arora (Company Secretary) |
Our journey and innovations Started as a small decorative paper unit, expanded capacity with digital printing technology upgrades including 10-color Epson and Apple machines for enhanced product vibrancy and quality. |
Where we operate Operations primarily based in India, specifically Maharashtra, with no noted foreign export markets. |
Top products or what we offer Vinyl wallpapers, modular furniture, digital printed catalogues, and profile products form the core offerings. |
Top brands - |
Raw materials needed Vinyl and paper materials used in wallpaper and furniture manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue streams include franchise operations, warehousing, and sales of wallpapers and furniture, showing mixed recurring and cyclical traits. |
Our industry position Competes regionally with foothold in vinyl wallpapers and furniture, steadily evolving through digital printing innovations. |
Financial highlights FY 2023-24 Revenue: Rs. 399.37 Lakhs; Net Profit: Rs. 9.40 Lakhs; slight decline in revenue and profit vs prior year. |
Geographical revenue split Majority revenue from Indian market, particularly Maharashtra region. |
Order book - |
Whats driving growth Growth driven by digital printing sales, modular furniture, catalogues, and warehouse income expansion. |
Our future plans Focus on capacity utilization improvements, technological adoption, and enhancing product quality and range. |
Our green promise - |
Our people and values Employs 23 permanent staff fostering a culture emphasizing integrity, compliance, and employee safety. |
Key challenges ahead Demand fluctuations, competitive pressures, and optimal utilization of installed manufacturing capacities. |
Interesting facts Upgraded to a 10-color digital printing machine enhancing design vibrancy, a unique investment for a mid-sized player. |
Risks and strategy Mitigates risks through proactive risk management and diversified product channels. |
