Global Surfaces IPO

Global Surfaces Limited is engaged in the business of processing natural stones and manufacturing engineered quartz.

Natural stones are produced by complex geological processes, and include a number of products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth. Natural stones are widely known for their uniqueness, aesthetic appeal, texture, colour, and composition as no two natural stones are the same.

Engineered quartz on the other hand, is an example of engineered stone used in the countertop industry, which is a composite material made up of crushed stone bonded by an adhesive. For instance, for countertops, the slabs are made from quartz crystals bonded with a resin binder.

The company has two units - one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan and the other at Mahindra World City SEZ, Jaipur, Rajasthan - for the processing and manufacturing of products.

Prior to the acquisition of Unit 1 in 2004, the company was engaged in the real estate construction business - an area which the company has since ceased to undertake. From FY 2017-18 onwards, the company has further diversified its business into manufacturing of engineered quartz.

The company’s business model is aimed at consistently expanding its product portfolio by developing new designs. It constantly engages with customers through marketing and promotional activities and industry specific events. The sales team works closely with the customers to obtain their insights and feedback about the upcoming trends in the industry which enables the company to develop and improve the products to fulfil the tastes and demands of the market.