What we do Greenlam Industries Ltd manufactures laminates, decorative veneers, plywood, and allied interior infrastructure products with a global presence and diversified manufacturing facilities. |
Founded in 2,013 |
Market share India's leading exporter of laminates, with a strong market share and expanding global footprint in over 120 countries. |
Problem solved Provides premium, durable, and aesthetic surface and wood panel solutions for residential and commercial interior needs. |
Top clients or who we serve Catering to B2B and B2C customers including furniture manufacturers, architects, interior designers, and retailers globally. |
Key management Saurabh Mittal (Managing Director & CEO), Parul Mittal (Whole-time Director). |
Our journey and innovations Started in 2013 post demerger; expanded capacities in laminates, plywood, and chipboard; acquired global subsidiaries and advanced product offerings. |
Where we operate India, USA, UK, Europe, Middle East, Southeast Asia, Russia, Poland, Malaysia, Bangladesh, Egypt, Spain, Germany, and others. |
Top products or what we offer High-pressure laminates, decorative veneers, engineered doors, plywood, chipboards, engineered wooden flooring under Greenlam and Mikasa brands. |
Top brands Greenlam Laminates, Mikasa Veneers, Mikasa Floors, Mikasa Doors; market leaders with wide recognition in laminates and wood-based products. |
Raw materials needed Paper, wood veneers, adhesives, resins, and chemicals for laminate and wood product manufacturing. |
Raw materials supplier Various domestic and international suppliers; details not specified. |
Recurring vs cyclical contribution Majority revenue is recurring from product sales with moderate cyclicality linked to real estate and furniture sectors. |
Our industry position Among the top organized players in laminates and interior surface solutions in India with growing international presence. |
Financial highlights Consolidated revenue Rs. 2569 crore FY 2024-25, PAT Rs. 69.7 crore; growing top-line with margin pressures due to expansion and investment. |
Geographical revenue split Domestic revenue approx. Rs. 1387 crore; international revenue approx. Rs. 1117 crore for FY 2024-25. |
Order book - |
Whats driving growth Capacity expansions, new product launches, brand consolidation, international market penetration, shifting customer preference to organized branded products. |
Our future plans Expand manufacturing in laminates, plywood, chipboard; grow subsidiaries globally; innovate product portfolio; enhance distribution. |
Our green promise Holds multiple green certifications including Greenguard and FSC; sustainability integral to operations and sourcing. |
Our people and values Over 9,000 employees, focused on ethical conduct, compliance, diversity, and employee development. |
Key challenges ahead Managing cost pressures, foreign exchange volatility, competitive market, and scaling new product businesses while sustaining profitability. |
Interesting facts 16 consecutive years as India's largest laminates exporter; comprehensive pan-India and international footprint. |
Risks and strategy Faces raw material price volatility and competition; mitigates via diversified sourcing, innovation, and expanded global presence. |
