Magicrete
| File:MagicreteNewLogo.jpg | |
| ISIN | 🆔 |
|---|---|
| Industry | Building Materials |
| Founded 📆 | 2008 |
| Founder 👔 | Sourabh Bansal, Puneet Mittal, Sidharth Bansal |
| Headquarters 🏙️ | , , India |
Area served 🗺️ | India |
| Products 📟 | AAC |
| Revenue🤑 | INR 135 Crore as per 2014 |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Magicrete is a Surat (Gujarat) based company which makes Autoclaved aerated concrete (AAC) blocks.[1][2][3] The company was founded by Sourabh Bansal (graduate [[Indian Institute of Technology Kharagpur|IIT Kharagpur]), SIdharth Bansal ((IIM Lucknow) and Puneet Mittal (Chartered Accountant)[4][5] in 2008 with a funding of 20 crore from an angel investor, Mr. Rajesh Poddar.[1] The company later raised funds of 35 crores (6.5 Mn USD) from Motilal Oswal Private Equity Advisors.[6][7] As reported in 2014, the company's revenue was INR 135 Crore.[1]
Verticals
The company has three verticals:
- AAC Blocks
- Dry-mix mortar
- Prefabricated Technology[8]
Clientele
The company supplies to clients like Sofitel, Indiabulls , Larsen & Toubro, The Lodha Group, Shapoorji Pallonji Group, Tata Housing etc[9]
External Links
References
- ↑ 1.0 1.1 1.2 "Magicrete: Building An Alternative Reality | Forbes India". Forbes India. Archived from the original on 2018-11-28. Retrieved 2018-11-28.
- ↑ "Bricks & Blocks Global Market 2018: (Magicrete Building Solutions, Daksh CLC, Bay Brick) Analysis, Share, Growth, Trends & Forecast to 2022 - Trade Market Research". Trade Market Research. Archived from the original on 2018-11-28. Retrieved 2018-11-28.
- ↑ "Company Overview of Magicrete Building Solutions Pvt.Ltd". www.bloomberg.com. Archived from the original on 2018-11-28. Retrieved 2018-11-28.
- ↑ Ghosh, Aparna (2014-08-06). "Start-ups aim to redefine the real estate experience". https://www.livemint.com/. Archived from the original on 2018-11-28. Retrieved 2018-11-28. External link in
|work=(help) - ↑ Charania, Aslam (2016). Business Stories. 16 Inspiring stories of Successful MSME Enterprises from Surat. Notion Press. p. 67. ISBN 978-1-946048-52-3. Search this book on
- ↑ "Motilal Oswal PE invests $6.5M in building materials firm Magicrete". VCCircle. 2013-03-25. Archived from the original on 2018-11-28. Retrieved 2018-11-28.
- ↑ RAI, ARCHANA (2013-03-20). "Motilal Oswal PE invests Rs 350 mn in Magicrete Building Solutions". The Economic Times. Archived from the original on 2018-12-19. Retrieved 2018-11-28.
- ↑ Akhtar, Nadeem. "Magicrete: Promoting Green Way to Construction". Archived from the original on 2018-11-28. Retrieved 2018-11-28.
- ↑ Taneja, Mansi (2013-08-06). "Magicrete Building Solutions to invest around Rs 100 crore". Business Standard India. Archived from the original on 2018-11-28. Retrieved 2018-11-28.
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