Management Interaction Note
January 5, 2010
Everest Industries Ltd (EIL), a complete building solutions company, fulfills the need for faster construction with a variety of offerings
like Roofing Solutions, Ceiling Solutions, Wall Solutions, Cladding Solutions, Floor Solutions, Door Solutions and Steel Building
Solutions. The company has manufacturing facilities located in Kymore (Madhya Pradesh), Kolkata (West Bengal), Coimbatore (Tamil
Nadu), Nashik (Maharashtra) and Bhagwanpur (Uttarakhand).
EIL has been a leader in the roofing business covering more than 1 billion sq. m. of roofing in India. EIL products have a deep
penetration and a strong demand from both industrial applications and rural/agricultural sectors. Apart from roofing, EIL now offers a
wide range of ready to install products for the building industry and custom made pre-engineered steel buildings for the industrial,
commercial and logistic sectors. EIL’s products and services provide strength and safety and can be executed speedily, which is an
important requirement in modern project execution.
EIL’s business can broadly be split into 3 verticals, namely, Roofing, Boards and Panels and Steel buildings. Everest is the flagship
brand under which all products are sold with sub brands.
Roofing – This includes asbestos roofing (this is the main business of the company contributing about 65% of FY09 sales, it is
manufactured at all 5 facilities of EIL), non-asbestos roofing (EIL entered this segment through a tie up with Saint Gobain in order to
offer the whole range of products, it contributed about Rs. 10 cr to topline in FY09, non-asbestos roofing is about 75% more costly than
asbestos roofing), metal roofing (manufactured at Bhagwanpur) and polycarbonate roofing (trading operations). In FY09, E