Visaka Industries Ltd (VIL) is a manufacturer of fiber cement and synthetic yarn. The company offers various cement asbestos products including asbestos sheets, accessories, non-asbestos flat sheets, and sandwich panels. It also provides V-Boards and V-Panels used for various indoor and outdoor applications such as false ceiling, wall partitions, wall paneling, door panels, mezzanine flooring, wardrobes, kitchen cabinets, back liners, and various other interior and furniture applications. VIL produces yarn products, which are used in various fabrics including shirting, suiting, fashion fabrics, upholstery, and embroidery laces. The company exports its products to several countries including the Middle East, Africa, South-East Asia and others. VIL is headquartered in Secunderabad, India.
Headquarters
India
Address
Visaka Towers 1-8-303/69/3, S P Road, Hyderabad, Telangana, 500003
Website
www.visaka.co
Telephone
91 40 27813833
No of Employees
1,960
Industry
Construction
Ticker Symbol & Exchange
VISAKAIND (NSE)
Revenue (2023)
$210.7M
23.5%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
6.9%
(2023 vs 2022)
Market Cap*
$114.1M
Net Profit Margin (2023)
XYZ
-61.2%
(2023 vs 2022)
* As of and is in US$
Visaka Industries Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Asbestos Sheets |
| Non-asbestos Flat Sheets |
| Sandwich Panels |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In August, VNEXT SOLUTIONS PRIVATE LIMITED changed its name to VISAKA GREEN PRIVATE LIMITED. |
| 2022 | Plans/Strategy | In August, the company announced its plans to invest INR120 crore in setting up a sustainable fibre cement boards plant in Paschim Medinipur, West Bengal, India. |
| 2021 | New Products/Services | In July, the company announced its foray into new electric vehicle (EV) business segment. |
Competitor Comparison
| Key Parameters | Visaka Industries Ltd | Grasim Industries Ltd | UltraTech Cement Ltd | Ambuja Cements Ltd | Shree Cement Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Hyderabad | Mumbai | Mumbai | Mumbai | Kolkata |
| State/Province | Telangana | Maharashtra | Maharashtra | Maharashtra | West Bengal |
| No. of Employees | 1,960 | 24,455 | 22,916 | 4,361 | 6,451 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| G. Vivekanand | Chairman | Executive Board | 2021 | - |
| S. Shafiulla | Chief Financial Officer | Senior Management | 2020 | - |
| G. Vamsi Krishna | Director; Joint Managing Director | Executive Board | 2017 | - |
| G. Saroja Vivekanand | Managing Director; Director | Executive Board | 2009 | - |
| J. Pruthvidhar Rao | Chief Operating Officer; Director - Strategic planning and Business Development | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer