About Kriti Industries (India) Limited

Kriti Industries (India) Limited is a polymer pipes company founded in 1982 by Shiv Singh Mehta, who continues to lead as Chairman and Managing Director. The company manufactures PVC and PE pipes for potable water supply, irrigation, building construction and infrastructure, offering products across a wide range of diameters and pressure ratings. Its portfolio also includes gas pipes, telecom ducts, submersible pipes and casing pipes. The group comprises the listed holding company and one subsidiary; it also has an associate. Headquartered in Indore, Kriti operates a state-of-the-art manufacturing facility at Pithampur, Madhya Pradesh, and had a workforce of 599 as on March 31, 2025. Its sales network spans 16 States, with deeper penetration in Madhya Pradesh, Rajasthan, Punjab, Haryana, Andhra Pradesh, Gujarat, Karnataka, Uttar Pradesh, Maharashtra and Telangana. The company’s flagship brand, Kasta, is positioned on quality and service.

Kriti’s product scope reflects decades of capability-building: the company manufactures premium-quality piping solutions and accessories for applications in agriculture, building products, industrial uses and telecom infrastructure. The “Corporate Information” section specifically notes piping products, accessories, gas pipes, telecom ducts, submersible pipes and casing pipes as core offerings.

Kriti Industries (India) Limited Key Milestones

Milestones include: commencing operations with a single-screw extruder for rigid PVC pipes (1983); listing on BSE and beginning injection-moulded fittings (1992); expanding RPVC pipe offerings (1995); starting polyethylene pipes (1998); co-extruded internally lubricated HDPE telecom ducts (1999); large-diameter pipes (2009); demerger of the edible oil and soya business into a separate listed entity (2010); introduction of CPVC in building products and supply of PE pipes for coal-bed methane (2014–2015); listing on NSE (2020); and recognition as “Best Brand” by ET Edge (2022).

Kriti Industries (India) Limited Business Segments

• Agriculture: 75% of revenue
• Building products: 16%
• Industrial solutions: 8%
• Micro-irrigation: 1%

Additionally, the company reported that the industrial pipes business accounted for 8.12% of revenues in FY 2024–25 (down from 25.81% in the previous year).

Kriti Industries (India) Limited Key Management

• Shiv Singh Mehta – Chairman and Managing Director
• Purnima Mehta – Executive Director
• Rajesh Sisodia – Chief Financial Officer
• Aditi Randhar – Company Secretary & Compliance Officer

Latest Updates on Kriti Industries (India) Limited

• Network and capacity: The company initiated capacity enhancement at its existing manufacturing facility and undertook groundwork to set up three new distribution depots in strategic geographies. It also advanced the evaluation of a greenfield building materials project targeted to be operational by the end of FY 2025–26; these initiatives were backed by approximately Rs 30 crore of capital expenditure in FY 2024–25.
• Technology investments: Kriti continued investing in SAP HANA-driven analytics and enterprise systems including ERP, CRM, HRM and Sales Force Mobility to strengthen infrastructure and operational efficiency.
• Strategic pricing and market actions: In response to raw material price movements, the company adopted a calibrated pricing approach by region and reinforced on-ground execution with structured sales plans and brand-building activities.
• Governance and audit changes: The Board recommended the appointment of M/s M. Mehta & Co., Chartered Accountants, as Statutory Auditors from the conclusion of the 35th AGM until the conclusion of the 40th AGM, subject to members’ approval. The Board also appointed M/s Dhananjay V. Joshi & Associates as Cost Auditors for FY 2025–26 and continued the engagement of M/s Ajit Jain & Co. as Secretarial Auditors, with a proposal for a multi-year term.
• Capital measures: The company issued 94,61,480 share warrants on a preferential basis; 15,00,000 warrants were converted into equity shares on February 11, 2025, with 79,61,480 convertible warrants outstanding as on March 31, 2025.
• Group update: The consolidated auditor’s report notes that the wholly owned subsidiary discontinued operations and its financial statements were not prepared on a going concern basis.
• Manufacturing scale and plans: The Chairman outlined utilisation of a 130,000 TPA manufacturing capacity, with a focus on volume growth and a three-year plan aligned to demand across preferred segments.