Though economic growth in India saw a slight dip in recent months, it still remains one of the fastest growing economies in the world and many investors are increasingly looking at it as an investment destination. It is also interesting to know what the top industrialists in India feel about the status of Indian economy, how it is going to behave in the coming years and what is their plan of action. Here is a list of ten top people in Indian home improvement market and their future plans and strategies in the coming years.
Know the future plans of top 10 people in home improvement market in India - grey-min
Ashwin Choksi, Chairman, Asian Paints Ltd
The Company (Asian Paints) is looking at scaling up its flagship AP Homes store concept which was launched at Coimbatore last year.
Ashok Kajaria, Chairman & Managing Director, Kajaria Ceramics
Following GST, we expect sectoral consolidation to emerge. We will look to partner quality conscious manufacturers to enlarge our manufacturing infrastructure apart from Greenfield/brownfield initiatives….. We will continue to enrich our product basket with unique designs aligned with global trends.
Sandip Somany, Vice Chairman and Managing Director, HSIL Ltd
At HSIL, we believe that going forward, distribution channels will play a pivotal role in driving profits, building greater brand awareness and expanding our customer base. Nurturing existing distribution channels and building new ones is our effective strategy to increase business.
Gautam Chand Jain, Chairman & Managing Director, Pokarna Ltd
…In the near long-term, we are on-course to increase the capacity by 130% with investments of H325 crores….The idea and belief of future-focus is based on the foundation of fast-tracked growth of quartz surfaces business and steady growth of granite business through better product mix.
Kamlesh Patel, Chairman and Managing Director, Asian Granito Ltd
The strongest of companies within our sector will be those with the widest and deepest distribution penetration; the most profitable will be one with trade partners who are willing to pay upfront for products or within the shortest credit cycle. In view of this, AGL intends to rebalance the 35-65 skew in its customer focus (retail:institution) to 50:50 over the next 3-4 years, strengthening margins, profits and value.
Sajjan Bhajanka, Chairman, Century Plyboards Ltd
I believe that Centuryply stands attractively placed to capitalise on the next growth level: we expect to generate incremental revenues of Rs 700 to Rs 1,000 cr during the current financial year with another Rs 500 cr of revenues in 2018-19. This indicates that even as we took nearly 20 years to climb to revenues of Rs 500 cr, we can potentially replicate this growth in just the next two years.
P. Mittal, Executive Chairman, Greenply Industries Ltd
We are setting up our new state-of-the-art MDF plant in Chittoor, Andhra Pradesh. We are likely to commence operations in FY 2019. A significant part of the production from this plant will cater to export markets. We also planning to set up a Decorative Veneer/Decorative Plywood unit in Bamanbore, Gujarat (2.25 mn. sq. mts.) and a Plywood unit in Sandila, Uttar Pradesh (13.5 mn. sq. mts.).
Anil Kumar Jain, Executive Chairman, Indo Count Industries Ltd
We have also lined up a capital expenditure of around Rs 300 Crores for Phase II. It will be invested in additional weaving capacity (with specialised looms), advanced equipment for the delivery of fashion and utility bedding and modernise existing spinning facilities.
Balkrishan Goenka, Chairman, Welspun India Ltd
..we see huge potential in the domestic market and are prepared to seize the opportunity, whether it be through our brands or through new product lines.
Sandeep Engineer, Managing Director, Astral Poly Technik Ltd
Adding new production capacities and expanding existing capacities are priority objectives not only in India, but in UK and USA too. Given the new opportunities and challenges, we remain optimistic and lay down a marker for brighter, better future.