Airolam Limited
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| ISIN | 🆔 |
|---|---|
| Industry | Plywood and Laminates |
| Founded 📆 | |
| Founder 👔 | Pravin N. Patel, Suresh Patel, and Mahesh Patel |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | airolam |
| 📇 Address | |
| 📞 telephone | |
Airolam Limited is a Gujarat-based public limited company manufacturing high-pressure decorative laminates and plywood. The company was incorporated in 2007 and now has over ten brands covering the entire product portfolio of the laminate and panel industry, including decorative laminate, exterior grade laminates, plywood, and door laminates.
History[edit]
Airolam was founded in 2007 in Gujarat by Pravin N. Patel, Suresh Patel, and Mahesh Patel. The company launched new brands consecutively from the year 2008 to 2017, creating brands including Airoline, Airodoor, Airo Flexi, AiroXterior, AiroDigilam, i Lite, etc. Between financial years 2012-2013 and 2016–2017, the company revenue grew from Rs 5,518.01 lakhs to Rs 7,146.57 lakhs while the profit grew from Rs 142.91 lakhs to Rs 189.01 lakhs in the same period.[1][2]
The company currently has a pan-India presence and exports laminate products to more than 16 countries.
The company follows international quality standards, including National Electrical Manufacturers Association (USA). The company has recently expanded manufacturing capacity to five lakh sheets per month with the addition of a new press which will produce 1.9 lakh sheets each month.[3]
Airolam Limited has filed a draft for listing in EMERGE platform with NSE. The company proposes to make an issue of up to 40 lakh equity shares through its IPO to raise a fund of Rs 13 crore, which is being managed by SME capital market.[1]
References[edit]
- ↑ 1.0 1.1 "AIROLAM To Raise Rs 13 Cr. Through IPO". Plyreporter.
- ↑ "Press Release" (PDF). Care Ratings.
- ↑ "With A 4th Press, Airolam Reaches To 5 Lakh Sheets Capacity". Plyreporter.
External links[edit]
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