Kajaria Ceramics Ltd
NSE: KAJARIACER BSE: 500233
₹957.10
(-0.54%)
Wed, 04 Mar 2026, 02:41 pm
Market Cap152.56B
PE Ratio41.00
Dividend1.25
Producer Manufacturing
Building Products
24.5KCompany History
1985
- Incorporated on December 20 in Kanpur for manufacturing ceramic glazed wall/floor tiles.
- Obtained commencement of business certificate on January 20, 1986.
- Promoted by Ashok Kumar Kajaria, associates, and Kajaria Exports Ltd.
- Entered technical collaboration with Todagres S.A., Spain.
- Set up 12,000 tpa plant at Sikandrabad, Bulandshahr, UP (machinery from Sacmi Imola and Omis Due SPA, Italy).
- Installed 835 KVA D.G. sets.
- Obligated to export 25% production for 5 years.
- Received approval to expand capacity to 26,000 tpa.
1987
- Issued 5,332,700 equity shares at par: reserved for promoters (including Kajaria Exports), NRIs, employees; balance offered to public in September 1988 with additional allotment for oversubscription.
1989
- Achieved 120% average capacity utilization.
- Started exports to Gulf countries, Europe, and Bangladesh; introduced new tile ranges, designs, and prints.
- Expansion programme nearing completion, production to start June 1990.
- Offered 322,000 14% secured fully convertible debentures (Rs. 100 each).
1990
- Implemented expansion of capacity from 26,000 MT to 40,000 MT.
- Allotted 1,413,820 equity shares at par on conversion of debentures (Part A).
1991
- Awarded CAPEXIL special exports award for 1992 as largest ceramic tiles exporter.
- Proposed expansion of capacity to 60,000 MT.
- Allotted 1,247,696 equity shares (Rs. 7 premium) on conversion of debentures (Part B).
1993
- Proposed expansion of capacity to 130,000 MT with Todagres SA, Spain.
- Issued 21,98,729 zero interest unsecured fully convertible debentures (Rs. 70 each) on rights basis (1:4).
- Issued 549,671 zero interest unsecured fully convertible debentures (Rs. 70 each) on preferential basis to promoters, directors, and group companies.
1994
- Launched wall tiles with single firing technology.
- Proposed issue of 200,000 14% non-convertible debentures to financial institutions/mutual funds.
- Allotted 5,496,800 equity shares on conversion of zero interest unsecured fully convertible debentures.
1995
- Allotted 425,000 equity shares to IFCI upon exercise of loan conversion option.
2003
- Approved appointment of Mr. Rishi Kajaria as Director, re-appointment of Mr. D.D. Rishi as Jt. Managing Director for 5 years, and voluntary delisting from UP, Delhi, and Calcutta Stock Exchanges.
- Delisted from Delhi Stock Exchange effective December 10.
2004
- Changed Registrar & Transfer Agent to MCS Limited.
- Commenced commercial production of additional 2 million sq mtr per annum capacity at Gailpur Plant (total capacity: 14 million sq mtr/annum).
2005
- Planned expansion in east with showrooms in Guwahati, Ranchi, and Bhubaneswar.
- Split face value of shares from Rs. 10 to Rs. 2.
2006
- Appointed Starcom MediaVest Group as media agency with Kohler India Corp.
- Commenced commercial production of additional 8.4 million sq mtr per annum wall tiles capacity.
2007
- Designated [email protected] for investor complaints.
2010
- Entered agreement with GAIL for RLNG supply to Gailpur plant, Rajasthan.
2011
- Entered MOU with Eczacibasi Yapi Gerecleri A.S. (Turkey) for marketing VitrA sanitaryware and CP fittings in India.
- Acquired 51% stake in Soriso Ceramic.
2012
- Acquired 51% stake in Jaxx Vitrified.
- Appointed Mr. H. Rathnakara Hegde as Additional Independent Director.
2013
- Recommended 150% dividend (Rs. 3.00 per Rs. 2 share) for FY ended March 31, 2013.
2014
- Recommended 175% dividend (Rs. 3.50 per Rs. 2 share) for FY ended March 31, 2014.
2015
- Changed registered office.
2018
- Acquired 3,000,000 equity shares of Rs. 10 each in subsidiary Kajaria Floera Ceramics Private Limited.
2019
- Amalgamated Kajaria Tiles Private Limited (formerly Kajaria Floera Ceramics Private Limited) with Kajaria Ceramics Limited.
- Acquired 747,500 equity shares of Rs. 10 each in Jaxx Vitrified Private Limited.
2023
- Approved additional acquisition of up to 18% equity shares in Kajaria Infinity Private Limited.
2024
- Board approved tiles adhesive manufacturing facility at Gailpur, Rajasthan (36,000 tonnes capacity, Rs. 15 crores cost).
- Kajaria Gres opened new experience center in Coimbatore, Tamil Nadu.
- Inaugurated Bharat Construction Kajaria Prima Plus Showroom in Vistar, Lucknow.
- Inaugurated Kajaria Gres experience centre in Dehradun.
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