The company generated nearly EUR 4 billion in 2023, with its Indian arm contributing around EUR 700 million to global revenue, a figure projected to exceed EUR 1 billion in the near future. The company is coming up with three plants in Hyderabad, Chennai, and Central India, with a combined capacity of 100,000 MT/annum.
Nov 20, 2024
Aliaxis, a Belgium-based company that provides pipe and fittings solutions, is optimistic that India can become its largest market before the end of the decade driven by a significantly higher growth rate compared to its other markets, as per the company’s Managing Director Mr. Thierry Vanlancker.
The global leader in manufacturing pipes and fittings operates in India through its wholly-owned subsidiary Ashirvad Pipes.
According to Mr. Vanlancker, the company generated nearly EUR 4 billion in 2023 with the company’s growth in India being fueled primarily by the agriculture and residential sectors. Its Indian arm currently contributes around EUR 700 million to global revenue, a figure projected to exceed EUR 1 billion in the near future.
In India, Ashirvad Pipes operates across multiple segments. The largest, contributing segment is the building plumbing segment. This has been a stronghold for the company, especially in the retail space. The other significant segments include infrastructure and industrial applications, as well as agriculture.
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Currently, the company operates seven plants located across Bangalore, Rajasthan, Odisha, and West Bengal, contributing 12-13 percent of market share in India. These, along with subcontinent facilities, contribute to a combined capacity of 300,000 MT/ annum. They have three upcoming plants in Hyderabad, Chennai, and Central India, with a combined capacity of 100,000 MT/annum. The company will invest USD 200 million (approximately INR 1800 crore) to set up the new facilities. Two of the new plants are expected to be operational by late 2025 or early 2026, with another likely by early 2027.
