Everest Industries
| Company type | Public |
|---|---|
| Industry | Building materials |
| Founded | 1934 |
| Headquarters | Mumbai, Maharashtra, India |
Key people | Anant J Talaulicar[1] (chairman) Rajesh Joshi [2] (CEO, MD & director) |
| Revenue |  ₹1,685.46 crore (US$200 million)[3] (2023) |
| ₹1,645 crore (US$200 million) (2023) | |
| Total assets | ₹1,133.35 crore (US$140 million) (2023) |
Number of employees | 1400+ (2024) |
| Subsidiaries |
|
| Website | www |
Everest Industries Limited, is an Indian company that manufactures building materials.[4] It has a presence in around 35 countries and employs around 1400 employees. Everest Industries operates these business segments: roofing, ceiling, wall, flooring, cladding solutions, pre-engineered steel buildings and other building materials.[5][6]
History
[edit]Everest Industries Limited was founded in 1934 under the name of Asbestos Cement Ltd.[7] in Maharashtra.
In 1983, the company changed its name to Everest Building Product Ltd., in the same year the company went public on the Bombay Stock Exchange.[8] In 1990 the company was renamed Eternit Everest Ltd. It got its current name in 2003.
In 1995, it also got listed on the National Stock Exchange of India.[9]
In 2010, Everest Industries received the CIDC Vishwakarma Award,[10][11] In the same year it also received the ICWAI award by Salman Khurshid, Minister of External Affairs (India).[12]
Subsidiaries
[edit]- Everest Buildpro Private Limited
- Everest Steel Building Private Limited[13]
- Everest Building Solutions Private Limited[14]
- Everest Building Products
- Everestind FZE
Operational
[edit]Everest Industries operates in around thirty-five countries and focuses on roofing, ceiling, wall, flooring, cladding solutions and pre-engineered steel buildings.
It employs around 1400 people around the world and reached a combined revenue of INR 1685 crore in 2024.[15] It has three manufacturing plants for pre-engineered steel buildings- Roorkee in Uttarakhand, Ranchi in Jharkhand and Dahej in Gujarat.[16]
Key People
[edit]Members of the executive committee are formally appointed by the board of directors.
- Anant J Talaulicar, Chairman[17]
- Padmini Sekhsaria, Vice Chairperson
- Rajesh Joshi, CEO
- Pramod Nair, CFO[18]
Social responsibility
[edit]Everest Industries has developed several educational and social responsibility initiatives through Everest Foundation. In 2021 it launches a rural skill school to engage rural adolescents and equip them with relevant vocational as well as life skills in association with Salaam Bombay Foundation.[19]
The Everest Foundation focused on preventive healthcare, training and skill building, sports promotion, and community building in rural areas in 2020–22.
References
[edit]- ^ "Intimation regarding appointment of Additional Independent Director" (PDF). NSE India. Retrieved 12 May 2024.
- ^ "Everest Industries Limited (EVERESTIND.NS)". Yahoo Finance. Retrieved 12 May 2024.
- ^ "Everest Industries Limited" (PDF). BSE India.
- ^ "Everest Inds to set up manufacturing facility in South India". Business Standard. Retrieved 28 May 2024.
- ^ "Building solutions firm Everest Industries plans Rs 60 crore expansion in Nashik". Economic times. Retrieved 12 May 2024.
- ^ "Money-making opportunity! In chat with Anil Singhvi, Sandeep Jain recommends Everest Industries as a stock to buy". Zee Business. 17 February 2021. Retrieved 28 May 2024.
- ^ "Born before India's independence, these companies grew to be MF favourites. Here's their journey". Money Control. Retrieved 12 May 2024.
- ^ "Everest Industries Ltd". BSE India. Retrieved 12 May 2024.
- ^ "Everest Industries Limited Share Price Today, Stock Price, Live NSE News, Quotes, Tips – NSE India". NSE India. Retrieved 12 May 2024.
- ^ "Everest Industries Ltd wins CIDC Vishwakarma Award". constructionweekonline. 24 May 2010. Retrieved 12 May 2024.
- ^ "List of Awardees – 2nd CIDC Vishwakarma Awards 2010" (PDF). CIDC. Retrieved 12 May 2024.
- ^ "Everest Industries bags ICWAI award again". IndianExpress. 12 July 2010. Retrieved 12 May 2024.
- ^ "Everest Industries eye Rs 500 crore sales from pre-engineered buildings business this fiscal". The Economic Times. 14 September 2015. Retrieved 12 May 2024.
- ^ "Everest Industries receives NCLT approval for scheme of merger". Business Standard. Retrieved 12 May 2024.
- ^ "Outcome of the Board Meeting and Audited Financial Results of the Company for the quarter and year ended March 31, 2024" (PDF). BSE India. 22 May 2024. Retrieved 2 August 2024.
- ^ "Everest Industries eyes Rs 500 crore revenue from PEB business". Economic Times. 13 September 2015. Retrieved 12 May 2024.
- ^ "In pics Stocks in the news: Ashok Leyland, Endurance Tech, Sintex Industries, RIL, Surya Roshni, TCI, Apollo Tyres, Star Cement". MoneyControl.com. Retrieved 12 May 2024.
- ^ "Keki Mistry, Jaspal Bindra, other industry A-listers to share insights at the FE CFO Connect Conclave". Financial Express. 18 September 2022. Retrieved 12 May 2024.
- ^ "Salaam Bombay Foundation in association with Everest Foundation launches its first rural skills@school chapter in Nashik". APN News. 26 November 2021. Retrieved 12 May 2024.