What we do Greenpanel Industries Ltd is India's largest wood panel manufacturer, producing plywood, MDF, veneers, doors, and flooring with eco-friendly processes. |
Founded in 2,017 |
Market share Holds 21% market share in MDF capacity and is the largest MDF manufacturer in India and Asia. |
Problem solved Provides durable, eco-friendly wood panel solutions for construction and interiors addressing quality, strength, and environmental sustainability. |
Top clients or who we serve B2B customers including real estate developers, offices, home builders, and distributors across India and export markets. |
Key management Mr. Shiv Prakash Mittal (Executive Chairman), Mr. Shobhan Mittal (Managing Director and CEO) |
Our journey and innovations Started in 2017; expanded MDF capacity significantly with modern plants in Uttarakhand and Andhra Pradesh; launched innovative products like FRMDF and strongest BWP HDF. |
Where we operate Pan-India with manufacturing units in Uttarakhand and Andhra Pradesh; export presence including Southeast Asia. |
Top products or what we offer Premium MDF, plywood, decorative veneers, customized doors, and wood flooring catering to diverse segments. |
Top brands Greenpanel MDF - largest in India and Asia, Greenpanel FRMDF, Green Floormax Flooring, Greenpanel Doors. |
Raw materials needed Renewable agro-forestry hardwood fibers, synthetic resin, and wax. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely recurring from continuous MDF and plywood sales to developers and distributors. |
Our industry position Leading position with 21% MDF capacity share; pioneer in India's organized MDF market sector. |
Financial highlights FY2023-24 revenue ₹1567.25 Cr; net profit ₹142.68 Cr; steady volume growth with improving margins. |
Geographical revenue split Approx ₹1396.49 Cr from domestic sales; ₹170.76 Cr from exports. |
Order book - |
Whats driving growth Volume growth driven by strong sales & marketing, product innovation, and expanding dealer network nationally. |
Our future plans Capacity expansions underway with new Andhra Pradesh plant; focus on digital marketing and new product launches. |
Our green promise Products made from 100% renewable agro-forestry wood; commitment to sustainability and ecofriendly manufacturing. |
Our people and values Employee-focused culture with robust governance; ethical conduct and performance evaluation embedded. |
Key challenges ahead Currency fluctuations impacting profitability; managing raw material supply and market competitiveness. |
Interesting facts Manufactures Asia's largest MDF plant; first to launch premium fire-retardant MDF in India. |
Risks and strategy Mitigates forex risk, optimizes raw material consumption, and strengthens distribution for sustained leadership. |
