Glass Industry is an important industry for any country’s economy as glass finds applications in many fields. The Indian Glass Industry is a huge industry and its market size is more than Rs 340 Billion.
The market size of the glass industry is expected to increase in upcoming years as glass consumption will increase. At present, Automotive sector of the country consumes about 20% of the total glass produced in the country, which is the highest among all sectors in the country.
The Indian Glass Industry is also a major job provider in the country and offers employment opportunities to a large population in the country. Its organized sector employs more than 30 Lakh people and unorganized sector employs more than 5 Lakh people.
There are many glass companies operating in the country that supply glass to various sectors. This post describes about the Top 10 Glass Manufacturing Companies in India:
10. Swiss Glascoat Equipments Limited
10th position on this list is occupied by Swiss Glascoat Equipments Limited, a company engaged in making glass and glass lined equipments like reactors, valves, tanks, filters, etc. These products made by the company is used in various sectors like Pharmaceutical, Agro Chemicals, Food Processing and other industries.
Market Capitalization: Rs 52 Crore
9. Haldyn Glass Limited
Haldyn Glass Limited is a known name in glass industry and occupied ninth place in the list of top 10 glass manufacturing companies in India. The company manufactures vials and glass containers, which are used in many industries like pharmaceutical, cosmetic, food, etc.
Market Capitalization: Rs 165 Crore
8. Binani Industries Limited
8th position on this list is occupied by Binani Industries Limited, an Indian business group that came into existence in the year 1872. It has business in different domains that include glass, cement, zinc, energy, etc.
Binani Industries Limited is a leader in making fibreglass and export to more than 25 countries in the world. Fibreglass made by the company find applications in various sectors like automobiles, energy, infrastructure, medical equipmentm, etc.
Market Capitalization: Rs 212 Crore
7. Gujarat Borosil Limited
Gujarat Borosil Limited is a big player in glass industry and placed at seventh in the list of top 10 glass manufacturing companies in India. Incorporated in the year 1994, Gujarat Borosil Limited is engaged in manufacture of glass sheet of premier quality.
The company is growing at a fast pace and in the last financial year, its revenue crossed the mark of Rs 150 Crore. Also, its profit was more than Rs 22 Crore.
Market Capitalization: Rs 217 Crore
6. Saint-Gobain Sekurit
Saint-Gobain is a glass brand that needs no introduction when its about quality and optimum prices. Saint-Gobain is a French multinational company engaged in glass making and made debut in India through its subsidiary, Saint-Gobain Sekurit India in the year 1996.
Saint-Gobain manufactures a wide variety of glass products that include automotive glasses, laminated windshields, tempered side glasses, backlites, etc. These products are widely used in the automotive sector of the country.
Market Capitalization: Rs 360 Crore
5. Borosil Glass
Borosil Glass Works Limited is a leading laboratory glassware manufacturer, which was established in the year 1962. The company makes various glass products, which are used in different sectors like Biotechnology, Microbiology, Lighting, Process Systems, etc.
Market Capitalization: Rs 700 Crore
4. Hindusthan National Glass and Industries Limited
Incorporated in the year 1946, Hindusthan National Glass and Industries Limited is a leader in glass container manufacturing and holds more than 50% market share of this segment. Pharmaceuticals, Cosmetics, Beverages and Packaged Food are some of the sectors to which the company offers products.
The company operates 6 manufacturing plants in the country and has clients in over 20 countries in the world. Nestle, Dabur, Amul, United Spirits and ITC are some of the clients of the company.
Market Capitalization: Rs 786 Crore
3. Empire Industries Limited
Empire Industries Limited is a public limited company, which has business in diverse domains like glass, foods, pharmaceuticals, etc. Vitrum Glass Division is the business division of the company that make glass containers.
The company manufactures glass containers for the pharmaceutical industry in the country. The capacity of glass containers made by the company ranges from 5 ml to 500 ml.
GSK, Himalaya, Abbott and Pfizer are some of the clients of the company. The company also exports its products to many countries in the world that include Jordan, Indonesia, Kenya, Thailand, etc.
Market Capitalization: Rs 1,062 Crore
2. La Opala RG
La Opala RG is another big name in glass industry and stand at second position in the list of top 10 glass manufacturing companies in India. Established in the year 1987, La Opala RG is a popular glass and tableware brand, which is known for quality products.
La Opala RG is an ISO 9001-2000 certified company, which has received the ‘Udyog Ratna’ award. Laopala, Solitaire and Diva are brands owned by the company. Apart from India, La Opala RG sells its products in many countries like USA, UK, Turkey, France, etc.
Market Capitalization: Rs 3,123 Crore
1. Asahi India Glass Limited
Asahi India Glass Limited is a leading glass manufacturing company in India, which was incorporated in the year 1984. Automotive, Consumer, Architectural and Solar are types of glass made by the company.
The company is also a leader in automotive glass segment and holds a market share of more than 70% of this segment. The company has 13 manufacturing plants and subassembly units in different parts of the country.
The company is a listed in stock exchanges in the country and growing swiftly. The company also performs corporate social responsibility by making a contribution in environment, education and health.
Market Capitalization: Rs 3,437 Crore