About Agarwal Toughened Glass India Limited

Agarwal Toughened Glass India is a company that produces toughened glass by processing several types of glass. They provide a range of thickness and size options for their hardened value-added glasses. Processing the float glass yields the toughened value addition glasses. Following the manufacturing of toughened glass, various types of glasses are produced, including laminated, frosted, tinted, reflecting, clear, and double-glazed toughened glass. Toughened glass is used in many demanding applications because of its strength and safety, such as shower doors, refrigerator trays, mobile screen protectors, bulletproof glass for diving masks, and a variety of plates and cookware. It is also used in architectural glass doors and tables. Toughened glass is also frequently utilized as dividers in buildings housing residential and commercial apartments, hospitals, airports, shopping centers, stairwells, balustrades, and other architectural elements.

The business receives orders from both direct clients and their skilled sales and marketing team, who have a wealth of experience in the glass industry. The size, thickness, quantity, and quality of the glasses that their client chooses will determine how long it takes them to manufacture processed & value-added glass.

As of September 30, 2024, Agarwal Toughened Glass India had 207 employees, including our directors. The Banker of the Company is HDFC Bank Limited.

ASSESSMENT OF THE GLASS INDUSTRY
Glass is an inorganic and transparent product produced by melting a mixture of silica sand, soda ash, limestone and other ingredients by heating the mixture at a very high temperatures and followed by gradual cooling. It differs in colour and density depending upon the addition of several other elements and oxides. Glass is used primarily in the construction sector and automobile sector. In the construction sector, glass is used in exteriors and interiors in residential commercial and industrial buildings, viz. Exteriors: Windows, doors, ventilators, lifts, skylights, curtain walling, structural glazing, owning e Interiors: Cabinets, table tops, shower cubicles, partitions, doors, counter tops, wall panelling etc. Mirrors are another major user of glass. The glass industry comprises four key segments — flat glass, container glass, fibre glass and specialty glass. Flat glassindustry is divided into float glass, solar glass, figured glass and sheet glass.

Glass adopts many guises and almost every area of our lives involves products with glass at their heart: from transport to homes and workplaces, from food production to health, leisure activities and communications, from museums to art galleries. Supporting the industry behind these artefacts are academic institutions, professional societies, national laboratories, museums, libraries, journals and glass-themed art studios. All have contributed to making glass one of the most transformative materials in history.

OVERVIEW OF FLOAT GLASS INDUSTRY
Due to the COVID-19 pandemic, the global Float Glass market size is estimated to be worth US$ 24180 million in 2022 and is forecast to a readjusted size of US$ 32780 million by 2028 with a CAGR of 5.2% during the review period. Fully considering the economic change by this health crisis.

Float glass is produced in wide-ranging dimensions, and is available in sizes of 4 mm to 25 mm thickness. Apart from aesthetic utility, it serves functional utility such as privacy, energy conservation, safety, protection against fire, and noise insulation. Float glass is largely being used as a material in building and construction industry. It directly or indirectly competes with other building materials such as paints, plywood and laminates and ceramic tiles. Float glass is expected to be amongst the fastest growing building materials in India.

The Indian float glass market is projected to grow at a CAGR of over 7.5% during the forecast period of 2024-2029. The growing focus on renewable energy is driving the demand for solar glass. Companies are investing in modernizing their manufacturing processes to improve efficiency and product quality. The Indian float glass market is consolidated with major players including Saint-Gobain, Asahi India Glass Limited, Gujarat Guardian Limited, Gold Plus Float Glass, and Şişecam.

The Indian float glass industry is set to expand its capacity by 65% over the current and next fiscal years. This expansion, involving investments between INR 7,200 to 7,500 crore, will increase the industry's total installed capacity from 8,700 to 13,600 tonnes per day (TPD). The capacity utilization of Indian float glass manufacturers has also improved significantly, currently around 90%, up from 75-80% two years ago.

The growth in demand for float glass is driven by several factors, including increased use in the building and construction industry, the automotive sector, and the rise in consumer preference for premium products. India’s per capita consumption of float glass is approximately 2.5 kg, compared to 7-10 kg in developed countries, indicating significant growth potential. The float glass demand is expected to grow 10-12% this fiscal year in volume terms.

AGARWAL TOUGHENED GLASS INDIA COMPETITIVE STRENGTH
1. Strong brand presence in Indian Market
2. A combination of experience and expertise
3. Long Standing Relationship with our customers
4. Consistent focus on quality
5. Strong Risk Management

AGARWAL TOUGHENED GLASS INDIA STRATEGIES
1. Continue to invest in infrastructure
2. Expand their current business relationships
3. Focus on consistently meeting quality standards
4. Improving operational efficiencies
5. Details of their product portfolio

AGARWAL TOUGHENED GLASS INDIA RISK FACTORS & CONCERNS
1. They are dependent upon few suppliers for the material requirements of their business. 
2. The commercial success of their products depends to a large extent on the success of the products of their end use customers. 
3. Their manufacturing units and their operations are geographically concentrated in Rajasthan.
4. Manufacturing of glass involve hazardous processes that can cause personal injury and loss of life, severe damage to and destruction of property and equipment.