Everest Industries Explained

Everest Industries Limited
Type:Public
Location:Mumbai, Maharashtra, India
Key People:Anant J Talaulicar[1]
(chairman)
Rajesh Joshi [2] (CEO, MD & director)
Pramod Nair (CFO)
Industry:Building materials
Revenue: [3]
Revenue Year:2023
Income Year:2023
Assets Year:2023
Num Employees:1400+ (2024)
Subsid:
  • Everest Buildpro Private Limited
  • Everest Steel Building Private Limited
  • Everest Building Products
  • Everestind FZE

Everest Industries Limited, is an Indian company that manufactures building materials.[4] It has a presence in around 35 countries and employs around 1400 employees. Everest Industries operates these business segments: roofing, ceiling, wall, flooring, cladding solutions, pre-engineered steel buildings and other building materials.[5] [6]

History

Everest Industries Limited was founded in 1934 under the name of Asbestos Cement Ltd.[7] in Maharashtra.

In 1983, the company changed its name to Everest Building Product Ltd., in the same year the company went public on the Bombay Stock Exchange.[8] In 1990 the company was renamed Eternit Everest Ltd. It got its current name in 2003.

In 1995, it also got listed on the National Stock Exchange of India.[9]

In 2010, Everest Industries received the CIDC Vishwakarma Award,[10] [11] In the same year it also received the ICWAI award by Salman Khurshid, Minister of External Affairs (India).[12]

Subsidiaries

Operational

Everest Industries operates in around thirty-five countries and focuses on roofing, ceiling, wall, flooring, cladding solutions and pre-engineered steel buildings.

It employs around 1400 people around the world and reached a combined revenue of INR 1685 crore in 2024.[15] It has three manufacturing plants for pre-engineered steel buildings- Roorkee in Uttarakhand, Ranchi in Jharkhand and Dahej in Gujarat.[16]

Key People

Members of the executive committee are formally appointed by the board of directors.

Social responsibility

Everest Industries has developed several educational and social responsibility initiatives through Everest Foundation. In 2021 it launches a rural skill school to engage rural adolescents and equip them with relevant vocational as well as life skills in association with Salaam Bombay Foundation.[19] The Everest Foundation focused on preventive healthcare, training and skill building, sports promotion, and community building in rural areas in 2020–22.

Notes and References

  1. Web site: Intimation regarding appointment of Additional Independent Director . NSE India. 12 May 2024.
  2. Web site: Everest Industries Limited (EVERESTIND.NS). Yahoo Finance. 12 May 2024.
  3. Web site: Everest Industries Limited. BSE India.
  4. Web site: Everest Inds to set up manufacturing facility in South India. Business Standard. 28 May 2024.
  5. Web site: Building solutions firm Everest Industries plans Rs 60 crore expansion in Nashik. Economic times. 12 May 2024.
  6. Web site: Money-making opportunity! In chat with Anil Singhvi, Sandeep Jain recommends Everest Industries as a stock to buy. Zee Business. 17 February 2021 . 28 May 2024.
  7. Web site: Born before India's independence, these companies grew to be MF favourites. Here's their journey . Money Control. 12 May 2024.
  8. Web site: Everest Industries Ltd . BSE India. 12 May 2024.
  9. Web site: Everest Industries Limited Share Price Today, Stock Price, Live NSE News, Quotes, Tips – NSE India . NSE India. 12 May 2024.
  10. News: Everest Industries Ltd wins CIDC Vishwakarma Award. constructionweekonline. 24 May 2010 . 12 May 2024.
  11. Web site: List of Awardees – 2nd CIDC Vishwakarma Awards 2010. CIDC. 12 May 2024.
  12. Web site: Everest Industries bags ICWAI award again. IndianExpress. 12 July 2010 . 12 May 2024.
  13. News: Everest Industries eye Rs 500 crore sales from pre-engineered buildings business this fiscal. The Economic Times. 14 September 2015 . 12 May 2024.
  14. Web site: Everest Industries receives NCLT approval for scheme of merger. Business Standard. 12 May 2024.
  15. News: Outcome of the Board Meeting and Audited Financial Results of the Company for the quarter and year ended March 31, 2024 . BSE India. 22 May 2024 . 2 August 2024.
  16. News: Everest Industries eyes Rs 500 crore revenue from PEB business . Economic Times. 13 September 2015 . 12 May 2024.
  17. Web site: In pics Stocks in the news: Ashok Leyland, Endurance Tech, Sintex Industries, RIL, Surya Roshni, TCI, Apollo Tyres, Star Cement. MoneyControl.com. 12 May 2024.
  18. Web site: Keki Mistry, Jaspal Bindra, other industry A-listers to share insights at the FE CFO Connect Conclave . Financial Express. 18 September 2022 . 12 May 2024.
  19. Web site: Salaam Bombay Foundation in association with Everest Foundation launches its first rural skills@school chapter in Nashik . APN News. 26 November 2021 . 12 May 2024.

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