Thursday, January 12, 2012: 03:13:36 PM

TJCD Company Review

Everest Industries Limited – Scaling with building solutions

The company was awarded at the third CIDC Vishwakarma Awards 2011 for healthy contribution in the construction industry

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Incepted in 1934, Everest Industries Ltd is one of India’s fastest growing building solutions company. The company ensures that all its products live up to the promise of strength, speed and safety. Its rich legacy has enabled it to constantly evolve and understand every nuance of building construction, while keeping up with changing times. With time, the company has grown to understand the construction needs of a consumer better.

 
Location & Reach
 
Everest Industries Ltd is headquartered in New Delhi.
 
In India, the company distributes its products across 1,00,000 villages and 600 cities through its 5,000 retail outlets, 35 sales depots and 11 branch offices. The company also enjoys overseas presence in around 15 countries.
 
Line of Business
 
The company provides building products and building solutions for residential, commercial and industrial real estate sectors. Its complete range of building solutions includes roofing, ceiling, wall, flooring, cladding, door and pre-engineered steel buildings.
 
Strengths
 
The company’s major strength is its team, which is dedicated to build a brighter future together. The company provides an enabling work culture with a clear sense of vision and strategies in which people work with well defined goals and thereby achieve more. The company is committed to the continuous development of employee skills and their welfare. The company has more than 1,600 highly qualified and experienced engineers, designers and technicians.
 
Besides, the company’s world class products/solutions, prompt deliveries and round-the-clock support add to its strength.
 
Green Focus
 
Everest Industries Ltd promotes the ‘green building concept’ using durable materials for energy efficiency. The company is one of the early adopters of green-building practices in India.
 
The company’s commitment to green practices can be gauged from one of its products, Everest Fibre Cement Boards, which is made from 40% recycled content and is considered the best substitute to natural wood and wood based products.
 
The company’s new-age technology, coupled with robust R&D practices, has made it a trustworthy name in green revolution.
 
Product Basket
 
The company boasts of an extensive range of building products, which are manufactured in its five state-of-the-art manufacturing facilities in Kymore, Nashik, Coimbatore, Kolkata and Roorkee. A brief synopsis of some products is given below:
 
Everest Fibre Cement Boards: These are manufactured from a homogenous mixture of portland cement, treated cellulose fibres, finely ground silica, quartz and other select mineral fillers in a state-of-the-art unit using sophisticated, digitally-controlled processes. These are used as multipurpose cement boards, heavy-duty cement boards and siding. The company has immense experience in producing over 1 billion square feet (sq. ft) of roofing and over 48 million sq. ft of fibre cement boards.
 
Everest Rooflight: It is a high quality polycarbonate-roofing sheet manufactured using virgin polycarbonate resins through the co-extrusion process, which ensures uniform thickness, excellent UV resistance, high impact strength and durability. The product is unbreakable, resistant to natural weather elements such as sun, rain, wind and hail, energy efficient and transmits 90% light. The product is primarily used in industrial buildings, commercial complexes and agricultural applications like poultry sheds, green houses and the like.
 
Everest Pre-engineered Buildings: These are custom-designed and factory-built. These can be erected in half the time with minimal on-site work, thereby reducing uncertainty in project schedules and accelerating project completion by almost 6 months. The buildings have low-maintenance cost and are resistant to moisture and adverse weather conditions.
 
Everest Access Floor System: These floors assure greater sustainability and offer a number of advantages over conventional flooring options. Besides, these promise safe and excellent grounding and electrical continuity. This type of flooring option offers ultimate flexibility and accessibility in terms of telecom/data services and power connection configurations. These are available in various finishes such as steel raised floor with cable tank, anti-static European style composite raised panels and Calcium Sulphate Panel, among others.
 
Certifications
 
Everest Industries Ltd is ISO 14000 certified. All its manufacturing facilities are ISO 9000 certified.
 
Achievements
 
The company was awarded at the third CIDC Vishwakarma Awards 2011 for healthy contribution in the construction industry. In the function, Everest clinched the prestigious ‘Social Responsibility Award’, besides winning in ‘The Artisan Category’.
 
The company also won the ‘Inter-Industry State Safety Award’ for three successive years — 1994, 1995 and 1996.
 
Shareholding Pattern
 
Everest Industries is a public limited company, listed on the Bombay Stock Exchange.
 
Management
 
A V Somani is the chairman of Everest Industries Ltd. ML Gupta is the company vice chairman and Manish Sanghi is the managing director.
 
Turnover
 
Not disclosed
 
Profitability
 
Not disclosed
 

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