Current Openings: (1-1 out of 1) The founder & the chairman of Greenply Industries Mr Shiv Prakash Mittal serve as the chairman of Greenlam Industries also. Be a part of our ever growing community of Stock Market Enthusiasts. You have clicked on a link which leaves THBL website, and you will be redirected to a third party website.THBL makes no representations nor has any supervision or control over the content, reliability or security of the third party website, nor shall THBL be liable for its use. Greenply Ind Share Price, Greenply Ind Stock Price, Greenply Industries Ltd. Stock/Share prices, Greenply Industries Ltd. Live BSE/NSE, F&O Quote of Greenply Industries Ltd. with Historic … The company in its early days used to supply its unbranded laminate to another big laminate player & worked as an OEM (Original Equipment Manufacturer) for other companies. The registered office of Greenply is situated in Tinsukia, Assam and in Kolkata, its corporate office is located. History of Greenply. The stock of Greenply Industries were trading down 14 per cent at ₹​948 on Wednesday. It started its operation in the year 1984 as a small sawmill. It is inolved in Manufacture of products of wood, cork, straw and plaiting materials The management has indicated that the earnings per share (EPS) of Greenply Industries, post the merger, will be about ₹40 in 2014-15. GREENLAM LAMINATES MILLIONS To foray nto the nortt ol decorative lanwnalcs rerjurcs a OF PLEASED «s»oa Wtten the tn*iu»9duii>a process leads »tne rmai customers. Greenply brand has the presence in over 100 countries across the globe. 2017: The company further expanded its laminate capacity by 2 million sheets at Nalagarh plant. Greenply had retained the plywood and MDF while the laminate division came to Saurabh who was instrumental in setting it up. The combined capacity scaled 14.02 million sheets p.a. It is classified as Non-govt company and is registered at Registrar of Companies, Shillong. During the year under review, your Company posted a stable performance with revenue of Rs 156425.04 lacs. Greenply’s main business, after this de-merger, will be plywoods and medium density fibre woods. With a production capacity of 15.62 million sheets every year, we have always ensured that … In the company’s Indian operations, it has a huge network of over 14000 distributors, retailers & dealers who source material from 12 companies owned regional distribution centres. 2014: Greenply demerged its ‘Laminates business’ into its wholly-owned subsidiary called as ‘Greenlam Industries’. And it has every reason to smile. But the aforesaid demerger will have no impact on the operations of Greenlam Industries. Bounce rate of auto debit transactions remains high amid lenders’ claims of improved collection efficiencies, Covid-19 vaccine dry run in four States next week. It is classified as Non-govt company and is registered at Registrar of Companies, Shillong. Please Subscribe to get access to one of our early bird packs. The company is being managed by Mr Saurabh Mittal, while his wife Mrs Parul Mittal works as the Whole-time director. The Greenply Industries limited or GIL is the most sought after and leading company for interior infrastructure. His elder son Saurabh Mittal handles the operations of Greenlam Industries along with his wife Parul Mittal; while his younger son looks after the operations of Greenply Industries along with his uncle Rajesh Mittal (brother of Shiv Prakash Mittal), both acting as Joint MD’s. As on March 31st 2019, the promoter & promoter group holds 54.74% holding in Greenlam Industries while the balance holding of 45.26% is held by the public that includes various institutions and non-institutions. 2009: Company started with Commercial production at its 2nd laminate unit at Nalagarh, Himachal Pradesh. Copyright © 2020, THG PUBLISHING PVT LTD. No part of the report should be considered as recommendation for buying/selling any stock. This took the combined laminate capacity of the company to 10.02 million sheets per annum. It is a clear indication that good things are happening/ will happen to both companies In an earlier piece (“ Why Are Savvy Investors Making A Bee-Line For GreenPly … Greenply a Mittal family owned business in Kolkata. 1994: The company was converted to a Public limited company & its name was changed to “Mittal Laminates Ltd”. Greenply Industries is primarily into the manufacture of wood-based panels, with two divisions, plywood manufacture and MDF. Here’s a slice. 1.7 “Greenlam” means Greenlam Industries Limited, a company incorporated under the provisions of the Act and having its registered office at Makum Road, Tinsukia, Assam – 786 125 which is a wholly-owned subsidiary of Greenply … Quality & Performance Greenlam laminates are made in two-state-of-the-art factories with each and every Greenlam product is designed to perform faultlessly in residential, commercial and public spaces. The Company sources its raw material from all over the world and has an extensive supply chain facility looking towards a seamless flow of the company’s inputs as well as output. Our laminates come in variety of forms to suit your needs. and Indian subsidiary viz. The Current Transaction. The Hon’ble Gauhati High Court has, vide its order dated October 31, 2014, sanctioned the Composite Scheme of Arrangement under section 100 to 104 read with sections 391 to 394 of the Companies Act, 1956 between Greenply Industries Limited (‘Greenply’ or ‘the Demerged Company’) and Greenlam Industries Limited (‘Greenlam’ or ‘the Resulting Company’) and their respective Shareholders and … The Current Transaction. Registrar of Companies, Shillong by Greenply and Greenlam. After the granite business was sold off, Saurabh formally joined the business in the year 2000. Board of directors of Greenply approved the demerger of MDF division of Greenply … Get Full Digital Access To The Hindu BusinessLine, The Hindu, Frontline, Sportstar, Crossword+, Epaper replica of The Hindu and The Hindu BusinessLine in ONE SINGLE DISCOUNTED PRICE! We practice meritocracy, inclusion and equal opportunity to all irrespective of gender, caste or creed. Vodafone Idea 10.55 1.05. The move to de-merge this business and list it separately is a positive move. At 18 times (higher end of the last one year valuation band), the stock should trade at around ₹720. FEATURED FUNDS ★★★★★ SBI Small Cap Fund Direct-Growth. For the quarter ended June 2019, GREENPLY … With advancement in terms of technology and certifications, Greenply offers not just superior quality plywood & blockboard characterised by maximum precision, uniform thickness and greater strength, but also ensures safe indoor air quality. product and cwqQMg Is irencutousy inspected tor quality; freertom laminates come Into ntetence Our •Grewi' _____ THOUSANDS vision to produce eeMriendly laminates delivered durability OF DECOR A wth proase … Our veneers are unique, as each flitch of veneer has a distinct pattern, is durable, and is also E1 compliant. Sales on the other hand came in at Rs 3 bn (down 24.6% YoY). Greenply Plywood Bangalore Greenply Club 5 Hundred, Greenply Gold, Greenply MR, Greenply Optima G MR and BWP, Greenply Ecotec MR and BWR, Greenply Absolute BWP, Green Ndure, Greenply Flexiply Range of Plywoods from Greenply … Post was not sent - check your email addresses! The family had witnessed amicable business split. Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device. The demerger of the Greenlam Industries led to Mr Saurabh Mittal (son of Mr Shiv Prakash Mittal) handling the laminate business, while Mr Shobhan Mittal (younger son … GREENPLY INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 34.0% (Quarterly Result Update) Aug 28, 2019 | Updated on Aug 28, 2019. Select from the widest range of colors, designs, finish and texture. Its authorized share capital is Rs. In Central Europe, the company has not established any of its distribution channels & supply directly to the customers, while in some countries the company sells through the distributors. Experience cleaner site with zero ads and faster load times. The brand offers a huge selection of laminate types for different commercial and residential applications. Greenlam Industries Ltd. is a holding company, which engages in the provision of laminates, decorative veneer and allied products. Greenply Industries is the Largest and most profitable company in the interior infrastructure space. The laminates business constituted about 36 per cent of the company’s revenue and 34 per cent of its operating profits in 2013-14. Raw Material cost forms over 56% of the total expenditure of the company. This important legal document can be a handy tool for many property transactions, Wait for stability in financials before taking exposure to the stock, Higher realisations, sanguine prospects and cost-control measures work in favour, Five podcasts to help you relax and recharge before the arrival of a new year, Glimpses of festivities from a remote village, The Swedish Christmas spread comes with its share of stories and quirks. Get detailed Greenply Inds stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. Thank you for your interest. A dining room is wrapped up by a plethora of memories, both good and bad. At International levels, Greenlam has spread its wings in more than 100 countries and has 13 offices internationally. Before venturing into the laminates business, Shiv Prakash bought a small granite business where Saurabh used to work part time after attending his college. View all posts by PA Wealth Advisors. Credibility. As MD & CEO, he was the prime mover of the exponential growth of Greenply Industries Limited and for carving a niche for Greenlam Laminates and allied decorative products. 2015: The company further expanded its laminates capacity by 2 million sheets, taking the total Laminates manufacturing capacity to 12.02 million sheets per annum at its Nalagarh plant. Manufacturer of Greenply 2140mm Thick Plywood, Thick Plywood & Greenlam Abstracts Floweret Suede Laminate offered by SS Enterprises from Hyderabad, Telangana, India The combined laminate capacity shall increase to 15.62 million sheets p.a. A brief timeline of the company describing the history of the company is given below: 1990: Formation of Mittal Laminates Private Limited by Mr Shiv Prakash Mittal. Dividend Summary. Sorry, your blog cannot share posts by email. With overseas Subsidiaries in countries like Singapore, USA, Europe & Thailand the company manages the worldwide operations through its 2 company operated distribution centres. Enter your email address to subscribe to this blog and receive notifications of new posts by email. The top laminate company in India, Greenlam offers world-class laminate sheets in myriads of textures, colors and designs. Whether you are looking for laminates for your kitchen, living room, office or any commercial space, you can find all the varieties at Greenlam. 120,682,000. You have reached your weekly free article limit. Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others. 210,000,000 and its paid up capital is Rs. Out of the company’s total raw material consumption, around 62% of the raw material of the company is imported while the balance 38% of the raw material is sourced locally. The major customers of the company are from the Corporate, Education & Health, Retail, Real Estate and Hospitality sector. The market share of Greenlam Industries in the laminates & veneer segment is mentioned below: The Company uses its name that is Greenlam as a generic brand name for all its product categories. He serves as a Chairman of Greenlam industries [1] as well as Director of Greenply Industries, Greenply Leasing and Finance, Prime Holdings, Prime Properties, Greenlam Asia Pacific, Galaxy Decor, and Platinum Veneers. The equity shares of Greenlam got listed on stock exchanges in March 2015. The transaction is expected to be completed by June 30, 2019. The Hon’ble Gauhati High Court has, vide its order dated October 31, 2014, sanctioned the Composite Scheme of Arrangement under section 100 to 104 read with sections 391 to 394 of the Companies Act, 1956 between Greenply Industries Limited (‘Greenply’ … Greenlam, the leading brand in decorative and designer laminates, brings variety of best laminates for your space. The Mittals are Marwaris who hail from Laxmangarh town in Sikar district of Rajasthan. His hands on engagement across the entire value chain to build the business from its infancy has garnered him nearly two decades of first-hand experience in various fields. The report & references mentioned are only for the information of the readers about the industry stated. Indian researchers are working on cells that can store more energy, last longer. 1993: Company started commercial operations of its first manufacturing plant at Behror, Rajasthan. Greenlam Industries was incorporated as a wholly-owned subsidiary of Greenply Industries in August 2013. Greenply and Greenlam are attracting huge investments from savvy investors. The company with its strong brand recall & superior quality standards remain the first choice of Home Owners, Architects and Interior Designers when it comes to transforming their living spaces. 2010: Company started with Commercial production at its 2nd laminate unit at Nalagarh, Himachal Pradesh with a laminate manufacturing capacity of 4.68 million sheets per annum. The company has 22 branch offices in India & over 500 professionals managing sales of the company. Get variety of decorative veneer laminate sheets from Greenlam to renovate your home, office, cafe and any place you want. But after the year 2006-07, company changed its strategy and started branding its laminates. Greenlam Industries Limited is a Public incorporated on 12 August 2013. Get variety of decorative veneer laminate sheets from Greenlam to renovate your home, office, cafe and any place you want. This Xmas season is all about Thanksgiving, corporate style! Covid-19 has triggered a consumer shift towards branded products as ... Big Story | Four reasons why it is a good time to buy a house now. Brand: Greenpanel MEDIUM DENSITY FIBREBOARD Medium Density Fiberboard (MDF) is an Engineered wood, manufactured with hardwood fibres, bonded together under high pressures and temperature up … Given that laminates business will have a valuation similar to that of the plywood business, one-for-one share in the new entity, is a fair deal. Greenply’s main business, after this de-merger, will be plywoods and medium density fibre woods. Greenlam laminates are made in two-state-of-the-art factories with each and every Greenlam product is designed to perform faultlessly in residential, commercial and public spaces. Its authorized share capital is … He is also the chairman of Greenlam Industries and the director of Greenply Leasing and Finance, Prime Properties, Greenply Industries, Galaxy décor, Greenlam Asia Pacific, Prime Holdings and Platinum Veneers. References:  Annual Reports, News Publications, Corporate Announcements, Management Discussions, Analyst Meets & Management Interviews. Shiv Prakash Mittal is the Founder of Greenply Industries Ltd. and has been serving as its chairman since February 2007. From the date of the listing, the market capitalisation of the company has got doubled. Disclaimer: The report only represents personal opinions and views of the author. The Greenlam Industries has been paying a regular dividend, and has not issued bonus shares, right issues and never bought back the shares (since 2014) . Nifty 13,601.10 134.8. 2009: Company was awarded as the largest exporter of Laminates from India. 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