You are here » Home » Companies » Company Overview » Asian Granito India Ltd

Asian Granito India Ltd.

BSE: 532888 Sector: Consumer
NSE: ASIANTILES ISIN Code: INE022I01019
BSE 13:51 | 07 May 155.40 -0.15
(-0.10%)
OPEN

154.00

HIGH

157.00

LOW

154.00

NSE 13:39 | 07 May 155.05 -0.50
(-0.32%)
OPEN

156.50

HIGH

157.40

LOW

154.45

OPEN 154.00
PREVIOUS CLOSE 155.55
VOLUME 21377
52-Week high 318.00
52-Week low 109.15
P/E 13.28
Mkt Cap.(Rs cr) 529
Buy Price 155.20
Buy Qty 500.00
Sell Price 155.60
Sell Qty 372.00
OPEN 154.00
CLOSE 155.55
VOLUME 21377
52-Week high 318.00
52-Week low 109.15
P/E 13.28
Mkt Cap.(Rs cr) 529
Buy Price 155.20
Buy Qty 500.00
Sell Price 155.60
Sell Qty 372.00

Asian Granito India Ltd. (ASIANTILES) - Company History

The company was incorporated on August 8 1995 as Karnavati Fincap Private Limited for carrying on the business of a non-banking financial company. Subsequently the company has converted into a public limited company on August 29 1995 and company name was changed as Karnavati Fincap Limited. Thereafter the company line of business changed from finance to trading in cloth and accordingly renamed as Panchariya Textile Industries Limited on March 18 1999. Subsequently on July 28 2000 the company name was renamed as Vasudev Textile Industries Limited.In September 2002 the promoters of Asian Tiles Limited acquired entire shareholding of the Company. Thereafter the company line of business changed from trading in cloth to Ceramic tiles and accordingly renamed as Asian Granito India Ltd. The company has setting up a new industrial undertaking for manufacturing vitrified tiles at Dalpur village Sabarkantha district Gujarat. The Promoters have considerable experience in the manufacture of ceramic floor tiles and under the brand ASIAN TILES'.The company has set up first facility for manufacturing vitrified tiles with a production capacity of 4000 square meters per day (33580 metric tonnes per annum) and started commercial production from October 2003. As the company has reached optimum capacity utilization within a period of nine to ten months company expanded the production facility by installing a second manufacturing line and commenced commercial production from the second line in January 2005. After installation of this second line the capacity of the plant increased to 9000 square meters per day (75500 metric tonnes per annum). The company was the first manufacturers in India to produce slab vitrified tiles of 905mm x 905mm.By October 2005 the company has again reached optimum capacity utilization and planned to install a third manufacturing line and commenced commercial production from the third line in July 2006. Thus after this expansion the installed capacity of the plant has become 14000 square meters per day (117500 metric tonnes per annum).In March 2006 the company has acquired approximately 100% equity shares of Subsidiary Asian Tiles Limited to make it a wholly owned subsidiary.

.