Agarwal Toughened Glass India Ltd

Agarwal Toughened Glass India Limited was incorporated as 'Agarwal Toughened Glass India Private Limited', pursuant to Certificate of Incorporation dated October 30, 2009, issued by the Registrar of Companies, Rajasthan. Subsequently, Company was converted into Public Limited and the name of Company was changed from 'Agarwal Toughened Glass India Private Limited' to 'Agarwal Toughened Glass India Limited' and had received Certificate dated March 06, 2023 at RoC, Jaipur. From incorporation date till 2015, the Company was under the process of setting up its factory unit. From 2016 onwards, it started their 1st factory unit and the 2nd manufacturing unit started in 2022. Within the factory unit 1, float glass is simply converted into toughened glass and within factory unit 2, toughened glass is then converted into other variety of value added toughened glasses. These products fall under industries including construction, automotive, and industrial sectors, with a variety of applications such as exterior and interior spaces of residential and commercial buildings. The Company is in the business of manufacturing of premium toughened glass. Their product consists of toughened value addition glasses which are of various thickness and sizes. The toughened value addition glasses are obtained after processing the float glass. After processing the toughened glass, variety of glasses are further obtained such as clear toughened glass, laminated toughened glass, reflective toughened glass, tinted toughened glass, double glazing glass and frosted toughened glass. As a result of its safety and strength, toughened glass is used in a variety of demanding applications including passenger vehicle windows, shower doors, architectural glass doors and tables, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks and various types of plates and cookware etc. Also it is commonly used in doors, facades, staircases, balustrades and as partitions in the shopping malls, hospitals, airports, residential apartments, commercial apartments building etc. The Company expanded the production by setting up another unit at Ramchandrapura, in Jaipur district of Rajasthan for manufacturing Toughened Glass in 2022. The Company issued and allotted fully paid up 57,99,600 Equity Shares of face value of Rs. 10/- each by raising funds of Rs 62.64 crore through its IPO on December 2, 2024. Besides this, the Company is also planning to expand its offset capacity by venturing into manufacturing of glass processing units and adding a new plant and machinery.