
Global Surfaces Ltd.
Global Surfaces
₹ 0.00
0.00 (0.00)%
NSE
BSE
Construction Materials
Small-cap - With a market cap of ₹2.45 Cr.
No Subsidiaries Data available
Global Surfaces was incorporated under the provisions of the Companies Act, 1956 as “Swastic Niwas Private Limited” on August 23, 1991, as a private limited company vide Certificate of Incorporation issued by Registrar of Companies, West Bengal. Subsequently, the name of the company was changed to “Global Stones Private Limited” pursuant to Special Resolution passed by the shareholders of the company at their Extra-Ordinary General Meeting held on May 17, 2004 and a fresh Certificate of Incorporation was issued by the Registrar of Companies, West Bengal on May 28, 2004. Subsequently, the name of the company was changed to “Global Surfaces Private Limited” pursuant to a Special Resolution passed by the shareholders of the company at the Extra-Ordinary General Meeting held on October 07, 2021 and a fresh Certificate of Incorporation dated October 20, 2021 was issued by the Registrar of companies, Jaipur. Thereafter, the company was converted into a public limited company and the name was changed to “Global Surfaces Limited” pursuant to Special Resolution passed by the shareholders of the company at the Extra-Ordinary General Meeting held on October 07, 2021 and a fresh Certificate of Incorporation dated October 21, 2021 was issued by the Registrar of Companies, Jaipur. In the year 2021, the registered office of the company has been shifted from Kolkata, West Bengal to Jaipur, Rajasthan pursuant to Certificate of Registration of Regional Director order for Change of State dated January 15, 2021.
The company is engaged in the business of processing natural stones and manufacturing engineered quartz. It has two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan and the other at Mahindra World City SEZ, Jaipur, Rajasthan for processing and manufacturing of its products. its Unit I which is located at Bagru, Jaipur, Rajasthan. This Unit was acquired by it as a stressed asset under the Recovery of the Debt Due to Banks and Financial Institutions Act, 1993 in 2004 and is exclusively dedicated to processing natural stones such as marble, granite and quartzite. Its Unit I is strategically located in close proximity of the key raw material (i.e. blocks of natural stones) which helps in sourcing its raw materials and also minimize the logistics and transportation cost.
In 2004, a sick industrial unit comprising of the leased premise situated at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan along with the building and shed constructed on such premises and plant and machinery for cutting and processing of natural stones was being auctioned by the Debts Recovery Tribunal. The company assessed the opportunity and believing it to be viable, bid in the auction wherein it was allotted the premises and the plant and machinery. It is started the processing of natural stones from these premises were able to turn around this sick industrial unit into a profitable venture over the years. Prior to the acquisition of Unit I in 2004, it was engaged in the real estate construction business which business it has since ceased to undertake.
From FY 2017-18 onwards, it has further diversified its business into manufacturing of engineered quartz and for this purpose, Unit II at Mahindra World City SEZ, Jaipur, Rajasthan was set up by it. This Unit II is dedicated towards manufacturing engineered quartz. This Unit is also equipped with a R&D facility to develop, improve and test its products which assists in keeping pace with the ever evolving market trends and demands. Both its Units are located in close proximity of each other i.e., within a range of 20 Kms. from one another. Its products have application in the flooring, wall cladding, countertops, cut-to size and other items.
Its products are used in both commercial and residential industry and are sold within and outside India. Majority of its operational revenues comprise of export sales. It is focusses on exporting its products and have exported to the United States of America, Canada, Australia and Middle East.
Business area of the company
The company is engaged in the business of processing natural stones and manufacturing engineered quartz. Natural stones are produced by complex geological processes and include a number of products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth. Natural stones are widely known for their uniqueness, aesthetic appeal, texture, color and composition as no two natural stones are the same. Engineered quartz on the other hand, is an example of engineered stone used in the countertop industry, which is a composite material made up of crushed stone bonded by an adhesive. For instance, for countertops, the slabs are made from quartz crystals bonded with a resin binder.
Products of the company
Natural Stones
Engineered quartz
Awards, accreditations or recognition
Certifications
History and milestones
