| Cement & Clinker | Manufacture and sale of cement and clinker products mainly in Gujarat. | Proprietary limestone mines, technical collaborations, strong regional market share, and distribution network. | B2B construction firms, wholesalers, retailers, and end consumers. | Blended and premium cement products. | 1469 | 95 | Sales revenue from bulk and retail cement sales. | Transactional sales with market-based pricing; subject to competition pressures. | Infrastructure demand, product quality upgrades, and plant efficiency improvements. | Hathi Prime, Hathi PPC cement |
| Paints | Manufacture and sale of interior and exterior decorative paints and waterproofing products. | Acquisition of Snowcem Paints business, growing dealer network, and brand investments. | Retail consumers, decorators, and contractors (B2C and B2B). | Premium decorative paints and waterproofing solutions. | 68 | 4 | Sales via dealerships and direct retail channels. | Transactional sales with focus on volume-driven growth. | Brand development, network expansion, and increased product range. | OutWeather, SnowCoat, PermaCem, Colorator Stainer, Damp Proof |
| Others - Subsidiary Company | Consultancy and allied services via subsidiary Agrima Consultants International Limited. | Group affiliation and expertise in industrial consulting. | Corporate clients and group companies (B2B). | Consulting services. | 0 | 0 | Service income from consulting and advisory activities. | Contract-based fees. | Corporate advisory demand linked to group businesses. | |
