Aparna Enterprises To Invest Rs 150 Cr To Drive Growth In FY24
Building materials manufacturer Aparna Enterprises said on Tuesday that it will invest Rs 150 crores in FY24 to proliferate its business and support its expansion to meet the industry’s escalating demand.
The company plans an outlay of INR 100 crores towards establishing a state-of-the-art uPVC facility at Rudraram, Hyderabad, to increase the monthly production of uPVC profiles by 70 per cent from 700 tonnes to 1,200 tonnes, as well as windows by 150 per cent from 20,000 sq. metres to 50,000 sq. metres.
Additionally, another INR 50 crore will be utilised to expand Aparna Enterprises’ tiles, ready-mix concrete (RMC), and aluminium businesses.
The building materials industry is witnessing tremendous growth due to factors such as urbanisation, infrastructure development, and the soaring demand for real estate. It is estimated that the industry will grow by 8-12 per cent over the next five years. As cities expand and modernise, the need for high-quality building materials becomes paramount. Aparna Enterprises, with its diverse product portfolio, including tiles, RMC, uPVC doors and windows, uPVC profiles, and aluminium doors and windows, is well-positioned to meet this demand. The company recognises the potential of these growth opportunities and aims to leverage them to solidify its position in the market.
Ashwin Reddy, Managing Director, Aparna Enterprises said, “With our business footprint spread across the country, we are determined to provide comprehensive solutions to every person and institutions’ diverse infrastructural needs. Our ambitious growth plans are driven by our continuous efforts to offer the best products under the Aparna Enterprises banner. We are confident that our investment in the new uPVC facility and the expansion of our tiles, RMC, and aluminium businesses will enable us to cater to the evolving needs of our customers while strengthening our market presence. We are targeting a revenue of INR 2,100 crore by the end of this financial year."
In a strategic move to tap into the West market, Aparna Enterprises has launched its RMC business in Mumbai, commencing operations in July 2023. This expansion will allow the company to leverage the growth opportunities in the region and further establish its presence. Additionally, the company plans to strengthen its Alteza business (aluminium doors & windows) by adding new dealers across key locations such as Delhi, Mumbai, Goa, Pune, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana. These initiatives are part of the company's commitment to expand its reach and capturing the emerging market opportunities.
Aparna Enterprises manufactures and markets its products under Aparna RMC, Vitero Tiles, Aparna Venster uPVC windows and Doors, Ökotech uPVC profiles, Aparna-Craft, Alteza by Aparna-Craft and Aparna Unispace (Luxury Showroom for Leading European Sanitary ware brands).
