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About Asian Granito India

The company was incorporated on August 8, 1995, as Karnavati Fincap Private Limited, for carrying on the business of a non-banking financial company. Subsequently, the company has converted into a public limited company on August 29, 1995 and company name was changed as Karnavati Fincap Limited. Thereafter, the company line of business changed from finance to trading in cloth and accordingly renamed as Panchariya Textile Industries Limited on March 18, 1999. Subsequently, on July 28, 2000, the company name was renamed as Vasudev Textile Industries Limited. In September 2002, the promoters of Asian Tiles Limited acquired entire shareholding of the Company. Thereafter, the company line of business changed from trading in cloth to Ceramic tiles and accordingly renamed as Asian Granito India Ltd. The company has setting up a new industrial undertaking for manufacturing vitrified tiles at Dalpur village, Sabarkantha district, Gujarat. The Promoters have considerable experience in the manufacture of ceramic floor tiles and under the brand `ASIAN TILES'. The company has set up first facility for manufacturing vitrified tiles with a production capacity of 4000 square meters per day (33,580 metric tonnes per annum) and started commercial production from October 2003. As the company has reached optimum capacity utilization within a period of nine to ten months, company expanded the production facility by installing a second manufacturing line and commenced commercial production from the second line in January 2005. After installation of this second line the capacity of the plant increased to 9000 square meters per day (75,500 metric tonnes per annum). The company was the first manufacturers in India to produce slab vitrified tiles of 905mm x 905mm. By October 2005, the company has again reached optimum capacity utilization and planned to install a third manufacturing line and commenced commercial production from the third line in July 2006. Thus, after this expansion, the installed capacity of the plant has become 14,000 square meters per day (117,500 metric tonnes per annum). In March 2006, the company has acquired approximately 100% equity shares of Subsidiary, Asian Tiles Limited, to make it a wholly owned subsidiary.

Parent Organisation
Indian Private
Managing Director
Kamleshbhai Patel
Founded
1995
NSE Symbol
ASIANTILES

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10th July 2024
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10th July 2024
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Asian Granito India Ltd FAQs

Asian Granito India Ltd (ASIANTILES) share price as of July 15, 2024, on NSE is Rs 80.55 (NSE) and Rs 80.55 (BSE) on BSE.
Yes, You can buy Asian Granito India Ltd (ASIANTILES) shares by opening a Demat account with Angel One.
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1. Direct investment: You can buy Asian Granito India Ltd (ASIANTILES) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Asian Granito India Ltd (ASIANTILES) shares.
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