About Shankara Building Products Limited

Shankara Building Products Limited is one of India’s leading organised retailers of home improvement and building products, operating through a retail-led, multi-channel model supported by processing, supply chain and logistics capabilities. Incorporated in 1995, the company became a public limited company on August 28, 2007 (as Shankara Pipes India Limited), changed its name to Shankara Infrastructure Materials Limited on March 25, 2011, and to Shankara Building Products Limited on July 27, 2016. The company’s shares are listed on BSE and NSE.

Shankara offers a wide range of products spanning structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing materials, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting and allied products . Retail outlets operate under the “Shankara Buildpro” brand, with 138 fulfilment centres comprising 92 retail stores, 32 warehouses and 14 processing units across South India (including Goa and Puducherry), and presence in Maharashtra, Madhya Pradesh, Gujarat and Odisha; the company also sells online via its own portal and leading e-commerce platforms. Its operations span ten states and one union territory in India. The company serves individual homeowners and professional customers such as architects, interior designers, contractors, developers, fabricators, plumbers and electricians.

Shankara had five subsidiaries as on March 31, 2025. Key milestones include its transition to a public company and subsequent brand evolution, as well as the expansion of a retail-led network with integrated processing and logistics facilities .

Shankara Building Products Limited’s Business Segments

• Retail: ~52% of total revenues.
• Enterprise: ~21%.
• Channel: ~27% .
• Domestic vs. International: Exports contribution to total turnover was NIL

Shankara Building Products Limited Key Management

• B. Jayaraman – Chairman, Independent Director
• Sukumar Srinivas – Managing Director
• C. Ravikumar – Whole-time Director
• Alex Varghese – Chief Financial Officer
• Ereena Vikram – Company Secretary & Compliance Officer

Latest Updates on Shankara Building Products Limited

• Demerger progress: Shareholders approved a Composite Scheme of Arrangement between Shankara Building Products Limited (Demerged Company) and Shankara Buildpro Limited (Resulting Company). The NCLT, Bengaluru Bench, convened the shareholders’ meeting on February 12, 2025; approval is in progress with the next hearing scheduled on May 26, 2025.
• Strategic model shift: The company has moved towards a marketplace model, with 138 fulfilment centres (92 stores, 32 warehouses, 14 processing units) and classification of business into Steel and Non-Steel product categories for strategic focus.
• Private labels and partnerships: Shankara continues to expand its private labels (including Fotia, Taurus and Loha) and maintains tie-ups with leading brands across steel, paints, plumbing/bathroom solutions and tiles/surfaces; its online presence includes its own portal and major marketplaces.
• Credit rating: CRISIL assigned a Long Term Rating of BBB+/Stable and Short Term Rating of CRISIL A2 on the company’s bank loan facilities.