Ganga Bath Fittings Ltd IPO

In the year 2018, Tusharkumar Vithaldas Tilva, Niruben Tusharkumar Tilva, Jimmy Tusharkumar Tilva and Sajan Tusharbhai Tilva, had formed into partnership firm in the name and style "Ganga Plast Industries". Thereafter, In the year 2020, the said partnership firm was converted from Ganga Plast Industries to "Ganga Plast Industries LLP", a LLP incorporated under the Limited Liability Partnership Act, 2008, consequently a certificate of registration on conversion of Ganga Plast Industries to Ganga Plast Industries LLP dated November 06, 2020 was issued for and on behalf of the Jurisdictional Registrar of Companies by Central Registration Centre. The LLPIN of Ganga Plast Industries LLP was AAU-5820. Thereafter, in the year 2024, the said LLP was converted into a public Company and consequently incorporated as Ganga Plast Industries Limited, under the provisions of the Companies Act, 2013, with a certificate of incorporation dated May 22, 2024, issued for and on behalf of the Jurisdictional Registrar of Companies by the Registrar of Companies, Central Registration Centre. Thereafter, pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on June 07, 2024, our Company has changed its name from Ganga Plast Industries Limited to Ganga Bath Fittings Limited and consequently, a Fresh Certificate of Incorporation consequent to change of name was issued on July 03, 2024 by the Registrar of Companies, Central Processing Centre. Further, the Company had acquired the businesses of Ganga Industries and Ganga Bathing Solution, in terms of Business Transfer Agreements dated June 10, 2024.

Overview of the Bath fitting and Sanitary Ware Industry:<br /> India Sanitary Ware Market has valued at USD318.8 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.9% through 2029. The India Sanitary Ware Market is a dynamic and rapidly evolving sector within the country's construction and home improvement&nbsp;industry. Sanitary ware encompasses a wide range of products, including toilets, washbasins, faucets, showers, and bath accessories, all designed for use in residential, commercial, and institutional spaces.<br /> <br /> India is experiencing a profound shift towards urban living, with millions of people moving to cities and towns in search of better opportunities. This urbanization has spurred the construction of residential and commercial properties, leading to increased demand for modern and aesthetically pleasing sanitary ware products.<br /> <br /> Government initiatives such as &quot;Swachh Bharat Abhiyan&quot; (Clean India Campaign) have raised awareness about sanitation and hygiene, emphasizing the importance of well-designed and efficient sanitary ware products. This has boosted the adoption of modern bathroom fixtures and accessories.<br /> <br /> Consumers are increasingly inclined toward bathroom spaces that offer comfort, style, and water efficiency. As a result, there is a growing demand for premium and technologically advanced sanitary ware products that enhance the overall bathroom experience.

Presently our Company is engaged in the business of manufacturing and supplying Bathroom Accessories including but not limited to bath fittings items such as CP taps and their parts, showers, bath accessories, Sanitary wear, ABS Shower, ABS Health faucet, ABS Taps, ABS Accessories, PTMT Taps, Door Handles, Bathroom Vanities, Bathroom Sinks, SS Showers, Shower Drains, SS Channel Drainer etc.