What we do Marvel Decor Ltd is a leading Indian manufacturer of high-quality window blinds and interior decor solutions under the flagship brand 'Marvel', serving domestic and commercial markets. |
Founded in 1,996 |
Market share One of the top leading brands in India's window blinds segment with nationwide presence through 338 galleries across 224 cities. |
Problem solved Provides customized, stylish, and functional window furnishing solutions addressing aesthetic and privacy needs for homes and businesses. |
Top clients or who we serve Serves B2B and B2C segments including retail furnishing stores, commercial clients, and end consumers nationwide. |
Key management Ashok Ramniklal Paun (Chairman & Managing Director), Urmi Ashok Paun (Director & CFO) |
Our journey and innovations Started in 1996; expanded product portfolio from blinds components to curtain rods and various blinds types; national brand growth since 2013 with multiple manufacturing units. |
Where we operate India-wide with subsidiaries in UAE, UK, and USA emerging markets. |
Top products or what we offer Venetian blinds, roller blinds, bamboo blinds, vertical blinds, curtain rods, and other window furnishings. |
Top brands 'Marvel' – market leader in window blinds with extensive retail and commercial reach nationwide. |
Raw materials needed Aluminum, fabrics, Bamboo, and other components for blinds manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from recurring sales of blinds and related products through retail and institutional channels. |
Our industry position Among top manufacturers and brands in specialized window furnishing segment in India. |
Financial highlights Consolidated revenue Rs. 63.11 crore with profit after tax Rs. 3.82 crore for FY 2024-25, showing steady growth over previous years. |
Geographical revenue split Primarily India with growing international subsidiary contributions. |
Order book - |
Whats driving growth Expanding retail presence, product diversity, enhanced manufacturing capacity, and strategic subsidiary growth. |
Our future plans Expanding manufacturing capacity, strengthening distribution network, and scaling international subsidiaries. |
Our green promise ISO 14001 certified environmental management at manufacturing sites. |
Our people and values 230 employees focusing on quality, innovation, and customer service with inclusive culture. |
Key challenges ahead Competition from imports, raw material cost volatility, and scaling international operations. |
Interesting facts Introduced nine blinds ranges at once in 2013; pioneered Gallery concept for niche market presence. |
Risks and strategy Mitigates supply chain risks and market competition via innovation, brand building, and expanding subsidiaries. |
