Everest Industries

Everest Industries Limited
Company typePublic
IndustryBuilding materials
Founded1934; 91 years ago (1934)
HeadquartersMumbai, Maharashtra, India
Key people
Anant J Talaulicar[1]
(chairman)

Rajesh Joshi [2] (CEO, MD & director)

Pramod Nair (CFO)
RevenueIncrease ₹1,685.46 crore (US$200 million)[3] (2023)
Increase ₹1,645 crore (US$190 million) (2023)
Total assetsIncrease₹1,133.35 crore (US$130 million) (2023)
Number of employees
1400+ (2024)
Subsidiaries
  • Everest Buildpro Private Limited
  • Everest Steel Building Private Limited
  • Everest Building Products
  • Everestind FZE
Websitewww.everestind.com

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

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]

Operations

It employs around 1400 people around the world and reached a combined revenue of INR 1685 crore in 2024.[13] It has three manufacturing plants for pre-engineered steel buildings- Roorkee in Uttarakhand, Ranchi in Jharkhand and Dahej in Gujarat.[14]

Key People

Members of the executive committee are formally appointed by the board of directors. Anant J Talaulicar, is the Chairman[15]

References

  1. ^ "Intimation regarding appointment of Additional Independent Director" (PDF). NSE India. Retrieved 12 May 2024.
  2. ^ "Everest Industries Limited (EVERESTIND.NS)". Yahoo Finance. Retrieved 12 May 2024.
  3. ^ "Everest Industries Limited" (PDF). BSE India.
  4. ^ "Everest Inds to set up manufacturing facility in South India". Business Standard. Retrieved 28 May 2024.
  5. ^ "Building solutions firm Everest Industries plans Rs 60 crore expansion in Nashik". Economic times. Retrieved 12 May 2024.
  6. ^ "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.
  7. ^ "Born before India's independence, these companies grew to be MF favourites. Here's their journey". Money Control. Retrieved 12 May 2024.
  8. ^ "Everest Industries Ltd". BSE India. Retrieved 12 May 2024.
  9. ^ "Everest Industries Limited Share Price Today, Stock Price, Live NSE News, Quotes, Tips – NSE India". NSE India. Retrieved 12 May 2024.
  10. ^ "Everest Industries Ltd wins CIDC Vishwakarma Award". constructionweekonline. 24 May 2010. Retrieved 12 May 2024.
  11. ^ "List of Awardees – 2nd CIDC Vishwakarma Awards 2010" (PDF). CIDC. Retrieved 12 May 2024.
  12. ^ "Everest Industries bags ICWAI award again". IndianExpress. 12 July 2010. Retrieved 12 May 2024.
  13. ^ "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.
  14. ^ "Everest Industries eyes Rs 500 crore revenue from PEB business". Economic Times. 13 September 2015. Retrieved 12 May 2024.
  15. ^ "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.