Agarwal Float Glass India Ltd - Stock Valuation and Financial Performance

The company was incorporated on May 3, 2018 as ‘Agarwal Float Glass India Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated May 3, 2018 issued by the Deputy Registrar of Companies, Central Registration Centre, National Capital Territory of Delhi on behalf of the Registrar of Companies, Jaipur.. Subsequently, the company was converted into a public limited company pursuant to a resolution passed by the company’s Shareholders at an extraordinary general meeting held on May 11, 2022 and consequently the name of the Company was changed to ‘Agarwal Float Glass India Limited’ and a fresh certificate of incorporation dated June 3, 2022 was issued by the Registrar of Companies, Jaipur.

The company is engaged in the business of trading of glass and specialised glass products by procuring quality products from manufacturers and selling it either through its sales managers or directly to its customers, as a wholesaler of glass and glass products. The company’s valued customers are spread across the country and work across varied industry segments such as, office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, etc. The company’s products cater to a range of end use 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’s product portfolio largely consists clear glass, different kinds of value-added glass products and processed glass products, of varying thickness. It also trades a range of value added glass products including clear frosted glass, clear sheet glass, mirror, tinted glass, reflective glass which have a wide range of applications. The company also offers processed glass, which includes, toughened glass, frosted glass, frosted design glass, leaguered glass, figure glass, heat- trengthened glass, insulated glass, PVB laminated glass, and bullet-resistant glass and all building glasses among others.

The company is highly dependent upon its suppliers and distributors, namely Saint-Gobain India Private Limited, Sisecam Flat Glass India Private Limited, Gold Plus Glass Industry Limited, Asahi India Glass Limited and Gujarat Guardian Limited, for delivering quality products to its customers. The company is a wholesaler of glass and glass products, and operated from its Registered Office and godowns. The company has devised an extensive supplier selection process in order to identify and evaluate the effectiveness and quality of the products manufactured by the suppliers, reduce purchase risk, maximize overall value to the purchaser, and develop closeness and long-term relationships between buyers and suppliers. The company primarily carried out its business in Rajasthan. Owing to its supplier selection process, it engages with quality manufacturers of glass and processed glass products, in order to stand by its commitments to its customers.

Business area of the company

The company is engaged in the business of trading of glass and specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products.

Major Events and Milestones

• 2018: The company was incorporated as a private limited company under the name Agarwal Float Glass India Private Limited.
  
• 2022: The company was converted from a private limited company to a public limited company and its name was changed to Agarwal Float Glass India Limited.