What we do Milton Industries Limited manufactures and exports premium laminates, artificial leather cloth, and Glass Fibre Reinforced Epoxy sheets, serving industrial and decorative markets. |
Founded in 1,985 |
Market share Leader in laminates and industrial sheets with strong presence in Indian government contracts and exports. |
Problem solved Provides durable, aesthetic surface materials and specialized products for furniture, transport, and construction sectors. |
Top clients or who we serve Serves Indian Railways, state transport corporations, industrial clients, and international markets. B2B focus with government and industrial customers. |
Key management - |
Our journey and innovations Incorporated in 1985; expanded product range post-2009 merger; developed furnished railway coaches by 2023-24. |
Where we operate Primarily India with exports to select international markets. |
Top products or what we offer High-pressure laminates, industrial laminates, artificial leather cloth, GFRE sheets, PVC coated fabrics. |
Top brands Milton Laminates (premium laminates), Rexine (PVC coated fabrics for upholstery), GFRE sheets for railway coach ceilings. |
Raw materials needed Resins, fibers, PVC, chemicals for laminates and artificial leather production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is partly cyclical, driven by government orders and industrial demand. |
Our industry position Strong position in laminates and infrastructure furnishing segments with government clientele as a key differentiator. |
Financial highlights FY25 revenue approx Rs. 44.17 crore, net profit Rs. 1.2 crore, reflecting a challenging year with lower sales than previous. |
Geographical revenue split India contributed ~94%, exports around 6% of revenue in FY22. |
Order book Multiple ongoing furnishing projects for Indian Railways and government workshops. |
Whats driving growth Railway coach furnishing contracts, diversified product portfolio, government procurement policies. |
Our future plans Expand railway furnishing capabilities and vendor network; enhance liquidity through strategic sourcing. |
Our green promise - |
Our people and values Committed workforce with focus on ethics, safety, and employee welfare. |
Key challenges ahead Managing cyclical demand, competition, and timely execution of government contracts. |
Interesting facts First to develop fully furnished railway coaches in recent years; arbitration wins boosting liquidity. |
Risks and strategy Mitigating financial and operational risks via strong governance and diversified product applications. |
