Simpolo Vitrified Private Limited: Company Profile

Background

Simpolo Vitrified Private Limited, established on September 18, 2007, is a prominent Indian manufacturer specializing in high-quality ceramic and vitrified tiles. With its registered office in Rajkot, Gujarat, the company has a rich history of innovation and excellence in the ceramic industry. Simpolo's mission is to enhance lifestyles by offering aesthetically pleasing and durable tiling solutions, thereby setting new benchmarks in quality and design.

Key Strategic Focus

Simpolo Vitrified focuses on the design, manufacturing, and sale of a diverse range of ceramic products, including:

• Granite, marble, and sandstone tiles

• Vitrified and ceramic floor and wall tiles

• Outdoor tiles

• Staircase components

The company leverages advanced manufacturing technologies to cater to both domestic and international markets, aiming to meet the evolving demands of the construction and interior design industries.

Financials and Funding

As of the fiscal year ending March 31, 2024, Simpolo Vitrified reported significant financial growth:

• Total Revenue: Increased by 14.33% year-over-year.

• Profit: Surged by 435.69%.

• Net Worth: Rose by 23.27%.

The company's authorized share capital stands at ₹150 million, with a paid-up capital of ₹122.3 million. It has active open charges totaling ₹3.54 billion, including:

• ₹2.64 billion with Sbicap Trustee Company Limited

• ₹900 million with the State Bank of India

These funds are primarily utilized for expanding manufacturing capabilities and enhancing product offerings.

Technological Platform and Innovation

Simpolo Vitrified distinguishes itself through:

• Proprietary Technologies: Utilization of advanced ceramic manufacturing processes to produce high-quality tiles.

• Scientific Methods: Implementation of rigorous quality control measures and innovative design techniques to ensure product excellence.

These innovations enable the company to offer products that meet international standards and cater to diverse customer preferences.

Leadership Team

The leadership team at Simpolo Vitrified comprises experienced professionals:

• Jitendra Thakarshi Aghara: Managing Director since April 1, 2009.

• Dhirajlal Thobhanbhai Aghara: Whole-time Director since April 1, 2009.

• Bharatbhai Thakarshibhai Aghara: Director since January 1, 2011.

• Dileshkumar Gordhanbhai Patel: Director since January 1, 2011.

• Prakash Bagla: Director since August 29, 2022.

• Kamil Mustakbhai Lakhani: Company Secretary since February 21, 2023.

This team brings a wealth of experience in the ceramic industry, driving the company's strategic initiatives and growth.

Leadership Changes

Recent significant appointments include:

• Prakash Bagla: Appointed as Director on August 29, 2022.

• Kamil Mustakbhai Lakhani: Appointed as Company Secretary on February 21, 2023.

These additions are expected to strengthen the company's governance and operational efficiency.

Competitor Profile

Market Insights and Dynamics

The Indian ceramic tile industry is experiencing robust growth, driven by urbanization, infrastructure development, and increasing consumer preference for aesthetic interiors. The market is characterized by intense competition among established players and new entrants.

Competitor Analysis

Key competitors include:

• Kajaria Ceramics Limited: A leading manufacturer known for a wide range of ceramic and vitrified tiles.

• Somany Ceramics Limited: Offers diverse tiling solutions with a strong market presence.

• Asian Granito India Limited: Specializes in ceramic tiles, vitrified tiles, and engineered marble.

These companies compete on product quality, innovation, and distribution networks.

Strategic Collaborations and Partnerships

In August 2022, the Competition Commission of India approved a deal involving Simpolo Vitrified, which included:

• Acquisition of shareholding by India Business Excellence Fund IV, India SME Investments Fund - I, Motilal Oswal Finvest Limited, and others.

• Transfer of businesses from Simpolo Ceramics and Nexion into Simpolo Vitrified.

This strategic move aims to consolidate operations and enhance market competitiveness.

Operational Insights

Simpolo Vitrified's strategic considerations include:

• Market Position: Leveraging its strong brand reputation to maintain a competitive edge.

• Competitive Advantages: Emphasis on product innovation, quality assurance, and customer-centric approaches to differentiate from competitors.

Strategic Opportunities and Future Directions

The company's strategic roadmap focuses on:

• Expansion: Increasing manufacturing capacity and entering new markets.

• Product Diversification: Developing new product lines to cater to evolving consumer preferences.

• Sustainability: Implementing eco-friendly practices in manufacturing processes.

These initiatives position Simpolo Vitrified to capitalize on emerging opportunities and sustain long-term growth.

Contact Information

• Website: [https://www.simpolo.net](https://www.simpolo.net)

For further inquiries, please visit the company's official website.