About Murudeshwar Ceramics Limited

Murudeshwar Ceramics Limited was incorporated on June 29, 1983, and manufactures and trades ceramic and vitrified floor and wall tiles under the “NAVEEN” and “Naveen Diamontile” brands. The company operates three state-of-the-art manufacturing facilities—at Hubli and Sira in Karnataka, and Karaikal in Pondicherry—supported by technical collaborations with global leaders Sacmi Imola and Breton of Italy. Its total installed capacity is 28,000 square metre per day, or 8.4 Million square metres per year, with 10 presses (Sacmi, Italy and Keda, China) and 5 kilns, highlighting a strong production backbone.

Murudeshwar Ceramics markets its products nationwide via 73 company-owned showrooms across “A”, “B” and “C” grade cities and maintains inventory in 42 depots to serve immediate requirements. Beyond India, the company exports to foreign markets; in its financial reporting, geographic segments comprise the Americas (including Canada and South America), Europe, India and Others, reflecting its international footprint. As per the statutory AOC-1 statement, the company has 0 subsidiaries; it consolidates its results considering associates where applicable.

Key milestones over the years include being among the first in India to produce and export large-format vitrified tiles and growing into one of the country’s largest vitrified tile manufacturers, underpinned by continuous investments in technology and rigorous quality controls driven by in-house R&D cells. The “Naveen” portfolio spans multiple formats and finishes, aligning with evolving preferences in colours, textures, finishes and sizes.

Key Milestones of Murudeshwar Ceramics Limited

• Among the pioneers in India to produce and export large-format vitrified tiles.
• Growth into one of the largest vitrified tile manufacturers in India.
• Continuous investments in technology and quality backed by in-house R&D.
• Wide range of tile formats, colours, and textures under “Naveen” brands aligned with global trends.

Murudeshwar Ceramics Limited Business Segment

Manufactures and trades ceramic and vitrified floor and wall tiles under “NAVEEN” and “Naveen Diamontile” brands, offering diversified formats and sizes including wall tiles and vitrified tiles. Operates from three manufacturing plants across Karnataka and Pondicherry.

Murudeshwar Ceramics Limited Key Management

• Satish R Shetty – Chairman & Managing Director
• Sunil R Shetty – Non-Executive Director
• Naveen R Shetty – Non-Executive Director
• Karan S Shetty – Whole Time Director
• Ravindra Bhandary – Independent Director
• Shakunthala Shetty – Independent Director
• Vishwanath Shetty – Independent Director
• Vittal KM Shetty – Independent Director
• N. M. Hegde – Vice President (Finance) & CFO
• Ashok Kumar – Company Secretary & Compliance Officer

Latest Updates on Murudeshwar Ceramics Limited

• Focus on high-value Glazed Vitrified Tiles (GVT) and PGVT at Sira, production of wall tiles at Karaikal in larger formats aligned with market demand.
• Production portfolio lengths include sizes: 60 x 60 cm, 60 x 120 cm, 80 x 160 cm vitrified tiles, and wall tiles.
• Capital expenditure of Rs. 225.03 lakh during the year on plant, machinery, and office assets.
• Financial performance: Basic EPS improved to 1.60 standalone and 1.59 consolidated for the year ended March 31, 2025.
• Annual General Meeting scheduled for August 25, 2025, at Hubballi, Karnataka.