What we do Grauer & Weil is a pioneer in corrosion protection and surface finishing solutions, with diversified operations in engineering and retail mall businesses. |
Founded in 1,957 |
Market share Leading player in corrosion protection with expanding presence in paints and coatings segments. |
Problem solved Provides comprehensive corrosion protection and electroplating solutions to extend asset life across industries. |
Top clients or who we serve Serves industrial clients across sectors for surface finishing and engineering; retail customers via its mall segment. |
Key management Nirajkumar More (Managing Director), Yogesh Samat (Director-Operations), Rohit More (Whole-time Director) |
Our journey and innovations Started in chemicals (1957), expanded to engineering (1964), paints acquisition (1994), launched Growel 101 mall (2005), new plants in Dadra and Barotiwala. |
Where we operate Manufacturing and retail operations primarily in India with subsidiaries in China, Thailand, UAE. |
Top products or what we offer Surface finishing chemicals, electroplating equipment, engineering services, paints, and mall retail spaces. |
Top brands Growel's Plaza 101 mall - landmark retail destination; Surface Finishing products - industry standard; Electroplating solutions with global collaborations. |
Raw materials needed Chemicals for corrosion protection and paints; engineering components for manufacturing equipment. |
Raw materials supplier Technical collaborations with global firms including Enthone-OMI (USA), Manz GmbH (Germany), Union Inks (Singapore). |
Recurring vs cyclical contribution Revenue is mainly recurring from surface finishing and paints; engineering and mall segments are more cyclical. |
Our industry position Strong market presence in corrosion protection; emerging player in high-performance coatings and paints segment. |
Financial highlights FY 2024-25 revenue Rs. 1173.6 crore with 8.2% growth; Net profit Rs. 157 crore, up 9% year on year. |
Geographical revenue split Domestic revenue constitutes 94%, foreign markets 6%, focusing on India but expanding overseas subsidiaries. |
Order book - |
Whats driving growth Surface finishing division growth of 12.5%, product innovation, expanded manufacturing capacity, and growing paint segment. |
Our future plans Expansion of architectural and high-performance coatings; strategic growth in paints via Barotiwala plant; real estate mall operations revival post legal challenges. |
Our green promise Committed to sustainability with effluent treatment collaborations and corporate social responsibility in environmental conservation. |
Our people and values Employee welfare prioritized with strict health and safety protocols; culture of integrity and ethical governance. |
Key challenges ahead Regulatory risks impacting mall operations; market cyclicality in engineering; managing growth in competitive coatings sector. |
Interesting facts One of the world's earliest to offer total corrosion solutions; diversified from chemicals to real estate and engineering. |
Risks and strategy Legal disputes on mall operations ongoing; mitigated by diversified business model and focused risk management policies. |
