What we do Lamosaic India Ltd trades and manufactures plywood, decorative laminates, acrylic sheets, flush doors, serving real estate, construction and interior sectors primarily in Maharashtra. |
Founded in 2,020 |
Market share Emerging player with growing presence in Maharashtra's plywood and lamination market after recent IPO listing. |
Problem solved Provides integrated wood product solutions from design to supply to meet quality and aesthetic demands in construction and furnishing. |
Top clients or who we serve Real estate developers, construction companies, furniture manufacturers, interior decorators. Primarily B2B. |
Key management Vinod Juthalal Visaria (Chairman & Managing Director), Jay Manilal Chheda (Executive Director & CFO), Jitesh Khushalchand Mamaniya (Executive Director). |
Our journey and innovations Started as Swastik Marketing in 2020, converted to Ltd in 2023, began manufacturing in 2023; IPO in 2024 raised Rs 61.2 crores. |
Where we operate Operations concentrated in Maharashtra, India with franchise in Mumbai. |
Top products or what we offer Decorative laminates, plywood, acrylic sheets, flush doors, laminated wood products designed and supplied. |
Top brands Swastik (brand used for trading wood products including laminates, flush doors). |
Raw materials needed Wood, laminates, acrylic sheets, printing papers, plywood base materials. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely transactional but supported by long-term client relationships in construction and furniture sectors. |
Our industry position Small but growing participant in Maharashtra's decorative wood products market with diversification into manufacturing. |
Financial highlights FY 2024-25 revenue Rs 143.49 crores; net profit Rs 2.48 crores; significant revenue growth from previous year. |
Geographical revenue split Primarily revenue from Maharashtra state. |
Order book - |
Whats driving growth Expanding manufacturing operations, backed by IPO funds; rising demand in real estate and interior furnishing sectors. |
Our future plans Increase manufacturing capacity, explore inorganic growth and expand product portfolio. |
Our green promise - |
Our people and values Small workforce with focus on quality and customer service; promoting inclusive and professional culture. |
Key challenges ahead Competition, regulatory compliance including GST related scrutiny, and scaling manufacturing efficiently. |
Interesting facts Rapid transition from partnership to public company with a successful IPO within four years. |
Risks and strategy Mitigates risks via diversification, internal controls, compliance, and strategic use of IPO proceeds for growth. |
