Astral Limited
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| Public | |
| Traded as | |
| ISIN | 🆔INE006I01046 |
| Industry | Building materials |
| Founded 📆 | 1996 |
| Founder 👔 | Sandeep Engineer |
| Headquarters 🏙️ | Ahmedabad, Gujarat, India |
Area served 🗺️ | |
Key people | Sandeep Engineer (Chairman & Managing Director) |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Astral Limited (formerly known as Astral Poly Technik Limited) is an Indian multinational conglomerate headquartered in Ahmedabad, Gujarat.[1] The company was established by Sandeep Engineer and went operational in 1998 by manufacturing the Plastic piping systems for industrial and residential applications and later on added piping system for agriculture, infrastructure, cable protection, etc. It is listed in Fortune India 500 Company since 2016.[2]
Astral Limited has diversified into Adhesives, Water Tanks, and recently in 2021 ventured into Faucets and sanitary wares Categories too.[3]
History[edit]
1998-1999[edit]
- 1998- Astral went operational.[4]
- 1999- Started Manufacturing Industrial CPVC Pipes at Santej, Gujarat.[5]
2001-2004[edit]
- 2001 – Started manufacturing CPVC Pipes for residential applications.[6]
2004-2013[edit]
- 2004 – Launched a lead-free UPVC piping system for the first time in India.[7]
- 2007 - First Indian company to obtain National Sanitisation Foundation (NSF) approval for CPVC Pipes in India.[8]
- 2007- Floated IPO, Astral went public in 2007 and started consolidating the piping business.[9]
- 2012 – Foremost company to launch lead-free uPVC column pipes in India.[10]
2013 Onwards[edit]
- 2014- Acquired UK-based adhesive and sealant products firm Seal It Services Limited & India-based ResinovaChemie Limited.[11]
- 2016- Got listing in Fortune 500 India Company.[12]
- 2016- Launched CPVC Pro, Astral’s very own piping brand for hot & cold water plumbing.[13]
- 2018- Acquired Seal It Services Ltd. USA-Plant & Rex PolyextrusionPvt. Ltd.[14]
- 2020- Acquired Sarita- Aurangabad based Water Tank manufacturing company.[15]
- 2021- Launched Astral Water Tank with copper shield.[16]
- 2021- Forayed into categories of Faucets and Sanitary ware.[17][18]
Presence in Building Material Industry[edit]
Astral Adhesives[edit]
Astral Adhesives, the Adhesives manufacturing arm of Astral Limited was established in 2014-2015, which produces a diversified range of adhesives, sealants, putties, construction aids, self-adhesive tapes & industrial maintenance products like epoxy, silicones, acrylics, cyanoacrylates, UV cure, PVC, etc.[19] Astral Adhesives is equipped with production facilities located in Santej- Gujarat, Rania and Unnao, Uttar Pradesh, Manchester in the UK, and North Carolina, USA.[20][21]
Astral Water Tanks[edit]
Astral ventured into the Plastic Water Tank category in 2020,[22] offering a wide range of water tanks under[23] the brand names Astral as well as Sarita.[24][25]
Infrastructure Division[edit]
Astral manufacturers a wide range of infrastructure-related products including corrugated piping for drainage and cables, polyolefin cable channels, plastic sheathing ducts, suction hoses, and sub-surface drainage systems.[26][27][28]
Sponsorship[edit]
Astral partnered with the movie Dabangg 2 where the Hindi film industry’s popular actor Salman Khan[29] used Astral Pipes in the film and later in the year 2014, he became Astral’s brand ambassador for 4 years. [30]
Astral also got associated with several IPL teams.[31][32]
In 2020, Astral roped in Bollywood actor Ranveer Singh as its brand ambassador.[33][34]
Astral Foundation[edit]
Astral Foundation[35] is the Corporate Social Responsibility wing of Astral Group, which works towards the betterment of society at large and environment conservation. The foundation works in the areas of Education, Empowerment, Health, Wildlife Conservation, Disaster Response, and sustainable conservation.[36]
Awards and recognition[edit]
- India’s most desired brand Award - 2021[37]
- Superbrand Award - 2021[38]
- Dun and Bradstreet Corporate Award - 2021[39]
- India’s most trusted pipes brand - 2021[40]
References[edit]
- ↑ "Astral Ltd". Business Standard. Retrieved 30 November 2021.
- ↑ "Astral Poly Technik - Fortune 500 List 2016 - Fortune India". Fortune India. Retrieved 30 November 2021.
- ↑ "Astral enters faucets and sanitaryware segment in India". The Economic Times. Retrieved 30 November 2021.
- ↑ "Astral Pipes – A Household Phenomenon". EpcWorld.in. Retrieved 30 November 2021.
- ↑ "Astral Limited > Company History > Plastics > Company History of Astral Limited - BSE: 532830, NSE: ASTRAL". Moneycontrol. Retrieved 30 November 2021.
- ↑ "Astral History | Astral Information". The Economic Times. Retrieved 30 November 2021.
- ↑ "INDIA'S FIRST LEAD-FREE UPVC PIPE" (PDF). Retrieved 30 November 2021.
- ↑ "CPVC Pro Brochure Part1 Cs6 - Astral Pipes" (PDF). Retrieved 30 November 2021.
- ↑ Umarji, Vinay (31 January 2014). "Rising from the ashes". Business Standard. Retrieved 30 November 2021.
- ↑ "ASTRAL uPVC BORE-WELL COLUMN PIPES FOR SUBMERSIBLE Gupta Resort Pvt Ltd Fort Radison Rajpath Club - [PDF Document]". Vdocument.
- ↑ Reporter, B. S. (26 August 2014). "Astral Poly Technik acquires 80% stake in UK-based Seal It". Business Standard. Retrieved 30 November 2021.
- ↑ "Astral Poly Technik - Next 500 Ranking 2016 - Fortune India". Fortune India. Retrieved 30 November 2021.
- ↑ "ASTRAL PIPES Launches New CPVC Plumbing Brand". The Hindu. Retrieved 30 November 2021.
- ↑ "Astral Poly Technik Ltd acquires Rex Poly Extrusion Pvt Ltd". EquityBulls. 10 July 2018. Retrieved 30 November 2021.
- ↑ "Astral Poly Technik to invest Rs75cr to enter into plastic water storage tanks business and add new capacity". India Infoline. Retrieved 30 November 2021.
- ↑ "Enhanced safety and purity with Astral Water Tanks". APN News. Retrieved 30 November 2021.
- ↑ "Astral enters faucets and sanitaryware segment in India". The Economic Times. Retrieved 30 November 2021.
- ↑ "Astral to enter into Faucets & Sanitaryware business; Stock jumps 1.5%". India Infoline. Retrieved 30 November 2021.
- ↑ Dhanjal, Swaraj Singh (21 November 2014). "Astral to acquire adhesive maker Resinova". Livemint. Retrieved 7 December 2021.
- ↑ Reporter, B. S. (21 November 2014). "Astral Poly Technik acquires 76% stake in Resinova for Rs 213 cr". Business Standard. Retrieved 7 December 2021.
- ↑ "Astral Poly Technik strengthens on acquiring 76% stake in Resinova Chemie - Astral Ltd. Latest News". Retrieved 7 December 2021.
- ↑ "Astral Poly Technik Limited to venture into plastic water storage tank business". EquityBulls. 25 November 2020. Retrieved 7 December 2021.
- ↑ Market, Capital (14 December 2020). "Astral Poly gains on commencing production of water storage tanks". Business Standard. Retrieved 7 December 2021.
- ↑ Market, Capital (4 February 2021). "Astral Poly Technik Q3 PAT soars 83% to Rs 124 cr". Business Standard. Retrieved 7 December 2021.
- ↑ "Astral Poly Technik Rating: Add; Deal with SPPL can be very rewarding". Financial Express. 30 November 2020. Retrieved 7 December 2021.
- ↑ "Astral Poly Technik Ltd acquires Rex Poly Extrusion Pvt Ltd". EquityBulls. 10 July 2018. Retrieved 10 December 2021.
- ↑ "Astral Poly Technik's Rex Polyextrusion Buy A Positive, Accumulate On Dips". Moneycontrol. Retrieved 10 December 2021.
- ↑ Pipes, Astral. "Rex Polyextrustion, now an Astral Group Company". PR Newswire. Retrieved 10 December 2021.
- ↑ "Salman Khan to endorse Astral". The Indian Express. 8 August 2014. Retrieved 14 December 2021.
- ↑ Das, Sohini (15 December 2012). "Astral Poly Technik partners with Dabangg 2 for co-branding". Business Standard. Retrieved 14 December 2021.
- ↑ "IPL 2021: Do you know who sponsors your favourite teams? Find out here". CNBC. 9 April 2021. Retrieved 14 December 2021.
- ↑ Kargal, Rahul (2 April 2021). "IPL 2021: The corporate bigwigs that power your favourite IPL team". The Bridge. Retrieved 14 December 2021.
- ↑ "Astral Pipes ropes in Ranveer Singh as brand ambassador - ET BrandEquity". ETBrandEquity. Retrieved 14 December 2021.
- ↑ "Ranveer Singh to be the New Face of Astral Pipes". The Week. Retrieved 14 December 2021.
- ↑ "Astral Foundation gives Hiwali its first water pipeline after Independence". afaqs!. Retrieved 14 December 2021.
- ↑ "Astral Foundation helps Hiwali get its first water pipeline after independence". ANI News. Retrieved 14 December 2021.
- ↑ "Govt has issued advisory to carmakers to introduce flex-fuel engines in vehicles: Gadkari". CNBC TV18. 23 December 2021. Retrieved 24 December 2021.
- ↑ "Superbrands India - Superbrands | The independent arbiter of branding". Superbrands India. Retrieved 24 December 2021.
- ↑ "India's Top 500 Companies 2021". www.dnb.co.in. Retrieved 24 December 2021.
- ↑ "TRA's Brand Trust Report 2019: Dell is India's Most Trusted Brand, Jeep ranks second - Exchange4media". Exchange4media. Retrieved 24 December 2021.
External links[edit]
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