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₹108.302 days ago
₹112.252 days ago
Esprit Stones Limited was originally incorporated as ‘Esprit Stones Private Limited’, a private limited company under Companies Act, 2013, pursuant to a certificate of incorporation dated October 19, 2016 issued by the Central Registration Centre. Subsequently, the company was converted into a public limited company pursuant to a resolution passed by its shareholders at an Extra-ordinary General Meeting held on January 12, 2024 and a fresh certificate of incorporation dated February 5, 2024 was issued by the Registrar of Companies, Rajasthan at Jaipur consequent upon conversion, recording the change in name of the company from ‘Esprit Stones Private Limited’ to ‘Esprit Stones Limited’.The company is primarily engaged in the manufacturing of Engineered Stones such as: (i) engineered quartz surfaces; and (ii) engineered marble surfaces. The company majorly manufactures engineered quartz surfaces and through its Subsidiary, Haique Stones Private Limited (HSPL), it manufactures engineered marble surfaces. Engineered Stones are composite material formed out of crushed stone that is held together by an adhesive. Engineered Stone’s non-porous characteristics, offer superior scratch, stain and heat resistance, making them extremely durable and therefore get an edge over competing products such as natural stones, laminate and other manufactured solid surfaces The strength, consistency, durability and appearance of its Engineered Stones, as well as their low maintenance makes it ideal for its application for vanities bathroom surfaces, kitchen countertops, floors and wall cladding furniture, and other interior surfaces that are used in a variety of residential and non-residential applications. Through its innovative design and manufacturing processes, it is able to offer its product in wide variety of colours, styles, designs and textures.It has customized its manufacturing processes in order to maximize the consistency, quality, durability and crack resistance of its Engineered Stones while also increasing its slickness and luster. Together with its research and development capabilities, its manufacturing expertise enables it to develop a number of aesthetically distinct designs for its products. It continually work to ensure that it acquires high quality raw materials for its Engineered Stones and ensure that its high-quality standards are met by conducting ongoing quality control checks of the raw materials and finished goods at its Manufacturing Facilities. Its business model is aimed to consistently continue to strengthen its product portfolio through continued investment in product innovation supported by strong research and development initiatives, marketing activities and the establishment of long-term relationships with its existing and new customers.Business area of the companyThe company is primarily engaged in the manufacturing of Engineered Stones such as: (i) engineered quartz surfaces; and (ii) engineered marble surfaces.Product of the companyEngineered quartz surfacesEngineered marbles surfacesUnstaurated polyester resinsAwards and accreditations2019-20: Rajasthan State Export award for Highest growth in category of miscellaneous during the year 2019-2020.December 2021: UCCI excellence award in Manufacturing- medium enterprises category.March 2022: UCCI excellence award in Manufacturing- medium enterprises category.October 2023: Accorded the status of a Three-Star Export House in accordance with the provisions of the Foreign Trade Policy, 2023.History and milestonesOctober 2016: Incorporated as Esprit Stones Private Limited.September 2017” Established the company’s Manufacturing Facility I with 1 quartz pressing line and 1 calibrating and polishing line.November 2017: Company made its 1st export sales.February 2019: Increased its production capacity by installing 2nd quartz pressing line at Manufacturing Facility I.November 2019: Launched ‘Haique’ as its brand for luxury surfaces.March 2020: Crossed annual turnover of Rs 10,000 lakh.December 2020: Installed 3rd quartz pressing line at Manufacturing Facility I.March 2021: Crossed annual turnover of Rs 14,000 lakh.July 2021: Established the company’s manufacturing facility II for quartz grit and powder manufacturing.January 2021: Invested 51% shares in Addwaya Chemicals.August 2021: Incorporated its wholly-owned subsidiary HSPLAugust 2021: Incorporated its wholly-owned foreign subsidiary Haique Inc.May 2022: Established its Manufacturing Facility III.June 2022: Commenced commercial operation from its Manufacturing Facility III.September 2022: Commenced commercial operation from its Manufacturing Facility IV.January 2024: Conversion of the Company from a private limited company to a public limited company.
