Glass Wall Systems (India) Ltd IPO

About Glass Wall Systems (India) Ltd

Prior to our conversion as a private limited company under the applicable provisions of the Companies Act, 1956, our business was carried out in the name of `Glass Wall Systems', the erstwhile partnership firm, originally formed pursuant to a deed of partnership dated July 19, 2002, with Jawahar Hariram Hemrajani and Kamlesh Arjun Choudhary as partners, which was reconstituted several times. This partnership firm was registered with the Registrar of Firms on March 5, 2003. This partnership firm which was reconstituted several times. The first reconstitution was on April 1, 2004 with Jawahar Hariram Hemrajani, Kamlesh Arjun Choudhary and Kailash Rewashankar Dave as partners. Thereafter, with the retirement of Kailash Rewashankar Dave from the partnership it was further reconstituted on March 31, 2008. On January 31, 2010, the partnership was reconstituted with Jawahar Hariram Hemrajani, Kamlesh Arjun Choudhary, Vinnie Jawahar Hemrajani, Sunita Kamlesh Choudhary, Eshan Jawahar Hemrajani, Duru Hariram Hemrajani, and Hariram Himmatsingh Hemrajani, as partners. Our Company was incorporated as `Glass Wall Systems (India) Private Limited' at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated August 27, 2010 issued by the RoC, upon conversion of `Glass Wall Systems', the partnership firm into a private limited company, in accordance with the provisions of Part IX of the Companies Act, 1956. Thereafter, our Company was converted from a private limited company to a public limited company, pursuant to resolutions passed in the board meeting and the extraordinary general meeting of our Shareholders held on March 3, 2025 and April 3, 2025, respectively and the name of our Company was changed to `Glass Wall Systems (India) Limited', and a fresh certificate of incorporation dated April 28, 2025 was issued to our Company by the RoC.

The fa'ade and fenestration segment serves as the critical interface between a building's interior and its external environment, combining advanced materials, precision engineering and architectural design to deliver both form and function. The total addressable market in India is estimated at Rs.250 billion in Fiscal 2025, and is projected to reach Rs.453 billion by Fiscal 2030, supported by strong demand across commercial, residential, and institutional segments. In recent years, India's fa'ade and fenestration sector has matured from a peripheral niche into a strategic cornerstone of the construction ecosystem.

We are a premium fa'ade solutions and fenestration provider in India and across markets in the United States and Australia. Our offerings include curtain wall facades, storefront wall facades, unitized and semi-unitized curtain wall facades and frameless facades. Our operations are categorized into: (i) domestic fa'ade solutions including design, engineering, fabrication and manufacturing, supply and installation services; (ii) international fa'ade products supply that includes design, engineering, fabrication and manufacturing and supply of customized sustainable fa'ade products; and (iii) fenestration solutions that include premium fenestration solutions, including custom-designed luxury windows, doors, skylights, and partition systems, for the Indian luxury real-estate market.

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