You are here » Home » Companies » Company Overview » Spartek Ceramics India Ltd

Spartek Ceramics India Ltd.

BSE: 515003 Sector: Consumer
BSE 05:30 | 01 Jan Spartek Ceramics India Ltd
NSE 05:30 | 01 Jan Spartek Ceramics India Ltd

Spartek Ceramics India Ltd. (SPARTEK) - Company History

Promoted by Krishna Prasad Tripuraneni, Spartek Ceramics India, a pioneer in ceramic floor tiles manufactured by the single fast firing technology, was the first in Asia to set up a 100% EOU ceramic granite plant (inst. cap. : 7,50,000 sq mtr). Its brand name has almost become a generic name in the tile market. Recently, it has taken up significant stakes in Neycer India and Stiles India. A strategic alliance has been entered into with International Ceramics, wherein the latter will manufacture Spartek tiles and will pay royalty and marketing fees to the company. The company set up a sophisticated ceramic plant in 1995. A new company, Spartek Fine China, incorporated to manufacture bone china tableware, is expected to commence production in the second half of 1996. Spartek, with an attractive product-mix, is developing its marketing strategy with a target of at least 2 mln sq mtr for exports. Policy changes are expected to boost the export turnover. The company commands the largest distribution network, covering 244 dealers countrywide. The company has got approval for its rehabilitation package from FI's upto to total of Rs.650 lakhs. During 2001-02 the Ceramic Division of Stiles(subsidiary) could be operated for only 4 months due to working capital constraint. The Ceramic Division has introduced larged format ceramic tiles (40 cm*40 cm) during the year, The Granite division has perfomed both in terms of quality and volume. This division has introduced 50*50 cm tiles in 2001-02.