What we do Rushil Decor Ltd manufactures and sells laminate sheets, MDF, pre-laminated MDF, PVC boards, and plywood with multiple manufacturing units across India. |
Founded in 1,993 |
Market share Third largest in MDF boards; leading in laminates within India and expanding export footprint. |
Problem solved Provides high-quality decorative wood panel products for furniture and interior applications, meeting demand for durable, aesthetic surfaces. |
Top clients or who we serve B2B customers including furniture manufacturers and retailers; serves Indian and international markets with branded products. |
Key management Mr. Rushil K. Thakkar (Managing Director), Mr. Krupeshbhai G. Thakkar (Chairman), Mr. Hiren Padhya (CFO). |
Our journey and innovations Started in 1993; expanded through acquisitions and new plants, including jumbo laminate production and value-added MDF boards. |
Where we operate India (Gujarat, Karnataka, Andhra Pradesh) and exports to over 57 countries worldwide. |
Top products or what we offer Laminates, MDF boards, PVC boards, plywood, and jumbo-size laminates under VIR brand. |
Top brands VIR Laminates (leading market share), VIR KLADS, VIR TOPAZ, VIR VAULT (jumbo laminates) with strong export presence. |
Raw materials needed Wood fibers, resin, chemicals, adhesive materials for manufacturing wood panels. |
Raw materials supplier Local agroforestry sources in India; in-house plantations for sustainable supply. |
Recurring vs cyclical contribution Revenue largely recurring from manufacturing and sales with cyclical influence from real estate and furniture demand. |
Our industry position Strong position in organized MDF and laminate markets; expanding jumbo laminate niche with export focus. |
Financial highlights FY25 revenues approx. INR 897.9 crore, PAT INR 48 crore; 5-year CAGR revenues 22%, PAT 16%. |
Geographical revenue split About 78% revenue from India, 22% from international markets. |
Order book - |
Whats driving growth Urbanization, real estate growth, product innovation in jumbo laminates and value-added MDF boards, export expansion. |
Our future plans Expand jumbo laminate capacity to 2.8 million sheets, increase value-added MDF share, diversify export markets. |
Our green promise Sustainably sourced wood, 140 million trees planted, ISO 14001 environmental certification, recycling initiatives. |
Our people and values 3200+ workforce, gender diversity initiatives, zero tolerance on workplace harassment, strong governance. |
Key challenges ahead Raw material cost volatility, international market competition, regulatory compliance, demand fluctuations. |
Interesting facts One of India’s first to produce jumbo-sized laminates; strong legacy with 100+ years in wood engineering. |
Risks and strategy Mitigates business risks with diversified product portfolio, sustainable sourcing, prudent financial management, export focus. |
