What we do Shashwat Furnishing Solutions Limited processes and manufactures furniture and handicraft items, specializing in industrial, restaurant, vintage, and outdoor furniture products. |
Founded in 2,021 |
Market share Emerging SME player with growing nationwide appreciation for quality and design in furniture and handicraft sectors. |
Problem solved Provides finished high-quality, durable furniture transforming semi-finished products through specialized processing and job work to meet varied customer requirements. |
Top clients or who we serve Serves wholesalers, retailers, corporate clients, and hospitality industry via B2B and B2C channels including online platforms like Indiamart. |
Key management Mr. Hitesh Karnawat (Chairman and Managing Director) leads with founding experience since 2016 in furniture trading and processing. |
Our journey and innovations Started from proprietor firm in 2016, incorporated as private company in 2021, converted to public, acquired business, and launched IPO in 2022. |
Where we operate Primarily operates across India with growing outreach via e-commerce platforms and recently expanded through subsidiary in agro-products. |
Top products or what we offer Industrial furniture, restaurant and cafe furniture, garden and outdoor furniture, vintage furniture, mirror frames, wall clocks, and décor items. |
Top brands - |
Raw materials needed Semi-finished furniture products, raw materials for manufacturing, and handicraft components sourced from market suppliers. |
Raw materials supplier Reliable manufacturers and vendors in local and regional markets support raw material sourcing and job work. |
Recurring vs cyclical contribution Revenue primarily from cyclical sales in furniture processing with increasing customer base enhancing recurrence. |
Our industry position A growing player in Rajasthan's furniture manufacturing and trading industry with expanding financial performance and market presence. |
Financial highlights Standalone FY 2024-25 revenue Rs. 4.68 Cr, PAT Rs. 0.35 Cr; consolidated revenue Rs. 13.52 Cr, PAT Rs. 0.54 Cr; positive growth trajectory. |
Geographical revenue split Mainly Indian domestic market with focus on Rajasthan and other regions through online sales; plans for wider expansion. |
Order book - |
Whats driving growth Rising demand for specialized furniture solutions, online presence, subsidiary acquisition, and improving operational efficiencies. |
Our future plans Expanding manufacturing capabilities, strengthening distribution, exploring new product lines, and growing subsidiary business. |
Our green promise Adopts energy-efficient practices and responsible power usage to conserve energy and promote sustainability. |
Our people and values Values merit-based growth with a diverse, skilled team fostering creativity, transparency, and ethical business practices. |
Key challenges ahead Managing competitive market pressures, scaling operations, ensuring supply chain stability, and continuous innovation. |
Interesting facts Transitioned from sole proprietorship to public limited company in under three years with successful IPO in 2022. |
Risks and strategy Addresses market risks via risk management processes, robust internal controls, and diversification through subsidiaries. |
