About Rushil Decor Limited

Rushil Decor Limited (RDL) is an Indian manufacturer and exporter of engineered wood panel products, incorporated in 1993 and headquartered in Ahmedabad, Gujarat. The company produces decorative laminate sheets, Medium Density Fibre (MDF) boards, and allied offerings under the “VIR” brand family. Its products cater to both residential and commercial applications across India and international markets, supported by ISO 9001, ISO 14001, and ISO 45001 quality certifications, along with a 3‑Star Export House status. The VIR product family includes VIR Laminates, VIR MDF boards, VIR MAXPRO (HDFWR) boards, pre‑laminated MDF/HDFWR boards, VIR Ply, and VIR PVC/WPC boards and doors, reflecting a comprehensive presence across the decorative surface and building material segments.

The company operates six advanced manufacturing plants and eleven offices across India. Its production infrastructure includes a 34.93 lakh‑sheet laminate plant in Gujarat and MDF board capacities of 90,000 cubic metres in Chikkamagaluru (Karnataka) and 2,40,000 cubic metres in Visakhapatnam (Andhra Pradesh). RDL’s distribution network spans more than 720 direct distributors and 4,600 retailers/dealers across India, complemented by exports to over 55 countries worldwide. Export income stood at Rs. 298.2 crore in FY 2024‑25. As on March 31, 2025, Rushil Decor Limited had two subsidiaries—one domestic and one overseas—underscoring its growing integration across geographies and product verticals.

Key Milestones of Rushil Decor Limited

• 1993 – Incorporation of Rushil Decor Limited in Gujarat as a decorative laminates manufacturer.
• 2003 – Commencement of exports, establishing its overseas market presence.
• 2009 – Land acquisition in Chikkamagaluru for the company’s first MDF manufacturing plant.
• 2017 – Expansion into PVC/WPC boards and VIR Ply, diversifying the wood-panel portfolio.
• 2020 – Commissioning of the large-scale MDF manufacturing facility in Andhra Pradesh.
• 2025 – Commissioning of the new jumbo laminate facility (Phase 1) at Itla, Gandhinagar, Gujarat, marking a new era in global export capacity.

Rushil Decor Limited Business Verticals

Business Verticals (FY 2024‑25):

• MDF Boards – 75% of total turnover.
• Decorative Laminate Sheets – 22% of total turnover.
• Other Allied Products (Plywood, PVC/WPC Boards, etc.) – Remaining share from adjacent categories.

Geographical Segments:

• Domestic Revenue – 66% of total turnover.
• Exports – 34% of total turnover.

The company operates entirely within India for its manufacturing operations, with an extensive export footprint across 55+ countries comprising the Middle East, Asia Pacific, Africa, Europe, and the Americas. RDL’s commitment to quality, innovation, and efficiency has reinforced its position as a key global supplier of decorative laminates and engineered wood products.

Rushil Decor Limited Key Management

• Mr. Krupesh G. Thakkar – Chairman and Whole‑time Director
• Mr. Rushil K. Thakkar – Managing Director
• Mr. Ramnik T. Kansagara – Whole‑time Director
• Mr. Keyur M. Gajjar – Chief Executive Officer
• Mr. Hiren Padhya – Chief Financial Officer
• Mr. Hasmukh K. Modi – Company Secretary

Latest Updates on Rushil Decor Limited

• Commissioning of Jumbo Laminate Plant (Phase 1): On April 30, 2025, RDL inaugurated its new jumbo-size laminate plant at Village Itla, Gandhinagar, Gujarat. The Phase 1 installation adds about 1.2 million sheets per annum capacity (1 mm basis) to meet increasing global demand for thicker-format laminates.
• Capital raise via warrants: The company issued 41,30,000 convertible warrants at Rs. 297 each on December 23, 2023. By the end of FY 2024‑25, 2,14,00,000 shares (of Re. 1 each, post sub‑division) were allotted upon conversion. Post year-end, an additional 66,00,000 shares were allotted, with 3,30,000 warrants forfeited due to non‑payment of balance amounts within the stipulated period.
• Corporate structuring: Two new subsidiaries were added during FY 2024‑25—one domestic unit for plywood manufacturing/trading and one overseas subsidiary to strengthen international operations and logistics.
• Product and market presence: The company expanded its reach across more than 55 countries, supported by a robust distribution network. Export income for FY 2024‑25 was Rs. 298.2 crore.