New Delhi, May 12, 2022: Post listing at the National Stock Exchange (NSE) in April this year, HARDWYN India Ltd., the country’s leading manufacturer of architectural hardware and glass fittings, plans to launch premium kitchen and glass fittings products in June. The company, which was already listed on the Bombay Stock Exchange (BSE), got an overwhelming response with the NSE listing and rolled out its expansion plans. With a new and existing product range including bath accessories, ceramics, bath wares, and kitchen solutions, it plans to increase its retail outlets to 60,000 across the country with a focus on Eastern India. Eyeing international markets too, Hardwyn is setting up a dealership network in the Middle East.
With the support of all stakeholders, the company embarks on a new journey with a focus on new technology and market expansion strategies. With the latest technologies, the company plans to increase its current installed capacity by 30 per cent to meet the growing demand. A new range of offerings under the name of Charcoal Series-weather resistant products- would be launched soon.
Mr Swaranjit Singh Sayal, Chairman, HARDWYN India Ltd. said,“ After gaining overwhelming response and support from all the stakeholders including investors and customers, we, at HARDWYN, aim to expand in bath-ware products, ceramics & tiles, along with a complete range of kitchen solutions. Our progress in the past 57 years has resonated well with our mission to be a most reliable organization and facilitator for the Indian housing construction needs. Continuing the momentum of achieving significant milestones such as listing at NSE, we plan to acquire a 5 per cent market share of the bath-ware products, ceramics & tiles, along with a complete range of kitchen solutions in India in the next five years.”
The brand is already a preferred brand with major builders and developers across the country. The company is focused on addressing the needs of the Indian housing construction sector by providing bath-ware products, ceramics & tiles, along with a complete range of kitchen solutions which gives comprehensive hardware solutions for residences and businesses of the clients. Towards the realization of the same, the company is expanding its global market outreach, relying on its robust and highly efficient network of after-sale services, with over 200 service centres across the country (including tier-II cities and other remote areas).
HARDWYN aspires to take approximately 5% market share of the hardware and construction supply market in India by opening around 50 centres to serve the growing need of the customers and the industry.