When you’re considering glass companies in India, it’s essential to look at the top players in the industry. These companies are not just leading the way locally, but they’re also shaping trends and standards on a global scale. From producing high-quality products to demonstrating innovative techniques and designs, these businesses have proven their mettle time and again.
Among these industry giants, there are 10 that stand out from the crowd for their exceptional contributions and performance. They’ve made their mark through consistent excellence in product quality, customer service, innovation, sustainability practices – setting benchmarks for others to follow.
So let’s delve into this vibrant sector and examine the top 10 glass companies in India. You’ll discover who they are, what makes them leaders in their field and why you might want to consider them if you’re seeking outstanding glass solutions for your needs.
Glass Industry in India
- The Indian glass industry is divided into cottage and factory segments. Major glass producing states are Uttar Pradesh, Maharashtra, West Bengal, Bihar, Jharkhand and Punjab.
- The demand for flat glass in India has grown at 12-15% annually over the past 2-3 years and is projected to grow at around 3.8% per year over the long term.
- The flat glass industry grew by about 80% between 2000-2006, with a compound annual growth rate of 10.1%. Per capita consumption increased from 0.7 kg to 1.2 kg in the same period.
- In 2021, the flat glass market in India was valued at USD 3.3 billion and is projected to reach USD 4.8 billion by 2028, registering a CAGR of 6.97% during 2023-2028.
- Key end-user industries driving flat glass demand are building & construction and automotive, which account for 80% of the total market. Solar glass and other industries make up the rest.
- Major flat glass manufacturers in India include Saint-Gobain, Asahi India Glass Ltd, Gujarat Guardian Ltd, Hindusthan National Glass & Industries Ltd.
- Glass container production was 1.8 kg per capita in India compared to 9 kg in China and 27.5 kg in the USA in 2020. Huge potential exists for growth given rising incomes and consumption.
- The commercial glass market in India was valued at USD 2.7 billion in 2021 and is projected to reach USD 4.6 billion by 2030, growing at 6.42% CAGR. Key segments are flat, container and specialty glass.
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Glass Companies in India
- Asahi India Glass Ltd
- Saint-Gobain India Pvt Ltd
- Gujarat Guardian Ltd
- HNG Float Glass Ltd
- Gold Plus Glass Industry Ltd
- Piramal Glass Ltd
- Borosil Glass Works Ltd
- Hindusthan National Glass & Industries Ltd
- La Opala RG Ltd
- Fuso Glass India Pvt Ltd.
| Company Name | Revenue (2022) |
|---|---|
| Asahi India Glass Ltd | Rs. 10,332 crores |
| Saint-Gobain India Pvt Ltd | ₹47 crores (Net Sales) |
| Gujarat Guardian Ltd | Rs. 5,000 crores |
| HNG Float Glass Ltd | ₹2,451 crores |
| Gold Plus Glass Industry Ltd | Rs. 8,525 crores |
| Piramal Glass Ltd | ₹4,719 crore |
| Borosil Glass Works Ltd | ₹241.02 crores (Net Sales for March 2023 Quarter) |
| Hindusthan National Glass & Industries Ltd | ₹2,451 crores |
| La Opala RG Ltd | ₹474 crores |
| Fuso Glass India Pvt Ltd | Rs 100-150 crores (Estimated based on industry averages) |
1. Asahi India Glass Ltd
Let’s dive straight into the flourishing world of Asahi India Glass Ltd, one of India’s leading integrated glass manufacturers. With a whopping total revenue of Rs. 10,332 crores and net profit of Rs. 365 crores in FY2022, it’s clear that this company is quite the powerhouse in the Indian glass industry.
| Revenue | Net Profit |
|---|---|
| Rs. 10,332 Crores | Rs. 365 Crores |
The company boasts an impressive workforce consisting of around 6,500 employees as per the data available for 2022.
This large team is engaged in manufacturing a diverse range of products such as auto glass for vehicles and float glass for buildings amongst other value-added glasses. The main product categories include:
- Automotive glass
- Architectural glass
As you might expect from such a reputable firm, they’ve managed to secure contracts with major auto manufacturers such as Maruti Suzuki, Hyundai, Tata Motors and Toyota. They supply their high-quality glass both directly to these Original Equipment Manufacturers (OEMs) and also cater to aftermarket needs.
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They hav staggering 70% market share in the Indian automotive glass segment.
We can safely say that Asahi India Glass Ltd has firmly planted its roots deep within the Indian market with its wide-ranging products while simultaneously achieving landmark successes along its journey!
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2. Saint-Gobain India Pvt Ltd
Let’s delve into the details of Saint-Gobain India Pvt Ltd, one of the top-ranking glass companies in India. Established in 1996, this company has grown exponentially over the years to become a leader in its major businesses.
The Chennai-based company reported impressive net sales of ₹47.56 crores and a net profit of ₹8.15 crores for Q4 FY2023. These figures are testament to its robust business model and strategic approach.
| Financial Aspect | Amount (in Crores) |
|---|---|
| Net Sales | ₹47 |
| Net Profit | ₹8 |
Saint-Gobain India is not just an economic powerhouse but also a significant employer with more than 8,300 employees as recorded in 2022.
With a diverse product portfolio that includes glass solutions for architectural, automotive, solar and homes; plasterboard and plasters; industrial mortars; construction chemicals; abrasives; ceramics; performance plastics; and life sciences, they cater to wide-ranging needs. Their commitment towards innovation is evident from their significant investments in research & development concerning hot and humid climates building science, coating processes for flat glass, digitalized products/services etc.
They’ve staggeringly invested over ₹11,000 crores till 2022 demonstrating their unwavering commitment towards growth in the region. Noteworthy among their achievements is establishing Saint-Gobain Research India (SGRI) at IIT-M Research Park which happens to be their group’s 7th Transversal Global R&D Centre focussed on advanced grinding technology for abrasives.
The global Saint-Gobain Group that has a presence across 75 countries undoubtedly lends them access to an extensive client base.
In India, Saint-Gobain operates through two main entities: Saint-Gobain India Pvt. Ltd and Grindwell Norton Ltd, further extending its reach and influence in the Indian market.
In summary, it’s clear that Saint-Gobain India Pvt Ltd is a force to reckon with in the Indian glass industry, backed by strategic investments, robust R&D capabilities and an extensive range of quality products.
3. Gujarat Guardian Ltd
Stepping into the realm of glass manufacturing, we come across a significant player, Gujarat Guardian Ltd. Boasting an impressive revenue of Rs 5,000 crores and profits reaching up to Rs 500 crores, they’ve established themselves as a powerhouse in India’s glass industry.
As one of the country’s leading manufacturers, it’s no wonder that they have around 2,000 employees on their payroll. Their main products include float glass, fabricated glass, mirrors and automotive glass. These are high in demand by key clients like Saint Gobain and Asahi India among others.
A point worth noting is their headquarters location which is rooted in Ankleshwar, Gujarat. It was here in 1992 that they set up the first float glass plant in India marking a milestone not just for them but for the entire Indian glass industry.
Their projects extend beyond their borders with international collaborations like the joint venture between Guardian Industries Corp (USA) and Modi Rubber Ltd (India). With about 17% market share in the Indian Glass Market, Gujarat Guardian Ltd has truly made its mark.
They also have a state-of-the-art research and development centre located all the way over in Germany where they continually strive to innovate and excel within their industry. Their sustainability efforts haven’t gone unnoticed either; they’ve been awarded with GreenPro certification from CII.
In terms of history, this company has roots dating back to 1990 when it was founded as a joint venture between Guardian Industries Corp (USA) and Modi Rubber Ltd (India). Over time they’ve increased capacity becoming one of India’s top players within this sector supplying materials to iconic projects such as Delhi Airport and Hyderabad airport among others.
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4. HNG Float Glass Ltd
The illustrious HNG Float Glass Ltd, a leading name in the Indian glass industry, has been making waves with its impressive revenue figures. In 2022, their income reached an astonishing ₹2,451.54 crores. A company with such vast resources is bound to provide employment opportunities and indeed they did, for 121 individuals throughout the year.
With their headquarters stationed in Mumbai, Maharashtra, this glass giant specialises in creating clear float glass and mirrors. Their dedication to quality products is evident from their state-of-the-art plant set up back in 2008 at Halol, Gujarat. This facility has the ability to churn out 600 tons of energy-efficient float glass daily – reflecting not just on their production prowess but also on their commitment to sustainability.
Sound partnerships play a significant role too! Here’s where TECO comes into the picture – providing technical support for HNG’s Halol plant. Indeed these collaborations are often key drivers behind successful projects.
HNG Float Glass was born in 2010. The brainchild of strategic diversification within the HNG Group, it wasn’t long before they claimed a lion’s share (67%!) of the Indian container glass market.
Fast forward to 2018 when Trakya Cam Sanayii AS made a strategic acquisition move nabbing an 11.23% stake from Hindusthan National Glass & Industries – further solidifying HNG Float Glass’ place among India’s top-tier glass companies.
5. Gold Plus Glass Industry Ltd
Riding high on the waves of success, Gold Plus Glass Industry Ltd has carved a niche for itself in the Indian glass industry. Established in 1985 as a trading company, it took a leap into glass manufacturing in 1996 and further enhanced its portfolio with float glass manufacturing in 2009. Today, it boasts an impressive revenue of Rs. 8,525 crores with a profit margin hitting the Rs. 576 crores mark.
With over 1,000 employees serving under its banner, this New Delhi-based firm is known for producing various types of quality glass including float glass, frosted glass, clear reflective glass and architectural processed glass among others. It’s worth noting that they were the first wholly Indian owned company to manufacture float glass locally.
Their list of key clients includes big names like Infosys and Ranbaxy. The year 2018 saw them attracting an investment of Rs 400 crores from Premji Invest to fund expansion while they raised debt funding to the tune of Rs 430 crores from Yubi in 2022.
Gold Plus Glass Industry’s dedication towards fostering innovation is evident through their continuous investment in upgrading infrastructure and adoption of latest technology. This commitment has led them to secure significant market share – boasting a robust hold on around 16% share in float glass manufacturing capacity and around 30% share in value-added sales volume across India during the year ended December 2021.
The company has been recognized with several awards for their contributions to the industry including being awarded the first ISI certification for clear float glass manufactured within India’s borders. Subhash Tyagi serves as their Chairman and Whole-Time Director steering their course towards continued growth.
6. Piramal Glass Ltd
Let’s dive into the world of one of India’s leading glass companies, Piramal Glass Ltd. With a staggering revenue of ₹4,719 crore (roughly $608 million) and an impressive profit margin of ₹501 crore (approximately $64 million), it’s evident that this company is a significant player in the glass industry.
Employing approximately 5,000 individuals, Piramal Glass makes an immense contribution to the global workforce. Their employees are at the heart of their main offerings: glass packaging solutions for industries including pharmaceuticals, cosmetics and perfumery as well as specialty food and beverages.
Their portfolio boasts some big names as key clients such as L’Oréal, Coty, Estée Lauder, Shiseido, LVMH, P&G. Unilever Diageo and Bacardi have all trusted Piramal with their glass packaging needs. This Mumbai-based company has made its mark globally too!
They’ve earned their stripes through major achievements like becoming one of the top three global suppliers of borosilicate glass and emerging as Asia’s largest specialty glass player. Over the past decade they’ve been recognised as the fastest-growing glass packaging company worldwide!
A peek into their history shows that Piramal Glass was founded by Ajay Piramal in 1984 when Gujarati Glass was acquired by his group. The name changed to its current moniker in 2008 before Blackstone acquired them in 2021 renaming it PGP Glass.
They hold over half of Asia’s market share for speciality glasses, they invest significantly in R&D for innovative packaging solutions with design centres located across India, France and the USA.
As a testament to their commitment to quality, they’ve bagged the CPhI Pharma Awards for Glass Company of the Year in both 2016 and 2018. Their global reach extends through wholly-owned subsidiaries in USA, Sri Lanka and France while acquisitions like that of Ceylon Glass back in 1999 show their strategic growth plans.
They’ve also partnered with Microsoft in 2019 to digitally transform manufacturing operations using Azure IoT platform which shows their readiness to adapt with technology.
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7. Borosil Glass Works Ltd
Standing tall among the leading glass companies in India, Borosil Glass Works Ltd is known for its renowned and versatile product-line. With a significant market presence since 1962, this Mumbai-based firm has made its mark as a joint venture with Corning Glass Works USA. It initially dived into the industry to manufacture and sell industrial and scientific glass.
They saw net sales of ₹241.02 crores in the quarter ending March 2023, marking an increase of 21.82% YoY. Meanwhile, the profit after tax stood at ₹50.7 crores for December 2021 quarter end.
| Quarter End | Net Sales (₹ Crore) | YoY Growth (%) |
|---|---|---|
| March 2023 | 241 | +21.82 |
| December 2021 Profit After Tax | 50 | – |
Driving this success are around 500 dedicated employees who work relentlessly towards achieving company goals.
Borosil boasts a diverse array of products including heatproof glassware, solar glass, speciality glass, and laboratory equipment under the LabQuest brand developed by their subsidiary – Borosil Technologies Limited – which focuses on research and design development.
They serve various sectors from pharmaceutical companies to laboratories as well as direct consumers.
Another feather in Borosil’s cap is its successful subsidiary – Borosil Renewables – which stands out as India’s first and only solar glass manufacturer! They’ve also managed to expand their high-performance solar glass production capacity to an impressive figure of 2.4 GW per annum!
The National Award for Successful Commercialisation 2021 was bagged by Borosil Renewables, acknowledging their best technology development.
They’ve expanded through acquisitions and subsidiaries too. Apart from Borosil Renewables Limited, their notable acquisitions include Klasspack Pvt. Ltd., and Borosil Technologies Limited.
In conclusion, the success of Borosil Glass Works Ltd is evident in their market leadership position in India’s consumer glassware and laboratory glassware segments.
8. Hindusthan National Glass and Industries Ltd
Let’s dive into the world of glass with one of India’s industry leaders – Hindusthan National Glass & Industries Ltd, commonly known as HNGIL. Boasting an impressive total income of ₹2,451.54 crores and a net profit of ₹87.06 crores in Q1 FY2024, it’s no wonder this powerhouse employs a substantial workforce of 22,963.
Specialising in manufacturing glass containers for an array of industries, they’re not limited to any single market. You’ll find their creations lighting up the food and beverage sector, pharmaceutical and wellness scene as well as beer and liquor industries – even household goods and cosmetics aren’t overlooked.
Some major players like Pfizer, Dabur, Cipla, and Ranbaxy are part of HNGIL’s prestigious clientele list. This major glass industry player is headquartered at 2 Red Cross Place in Kolkata.
Originally incorporated on February 23rd back in 1946 under the name ‘Hindustan National Glass Manufacturing Co. Ltd’, it wasn’t until November 22nd 1971 that they adopted their current moniker.
Not content with just dominating India’s container glass market (with over a whopping 40% share!), HNGIL also committed themselves to innovation. Through research and development endeavours they’ve retained their leader status whilst pioneering technological advancements within the industry.
Worth noting is an exciting venture back in 2010 when HNGIL partnered with OMCO International NV to establish mold manufacturing facilities right here on Indian soil.
Under the adept leadership of Sanjay Somany (Chairman & Managing Director) and Mukul Somany (Vice-Chairman & Managing Director), HNGIL has bagged numerous awards and recognitions within the glass industry. It’s clear that their commitment to excellence is unwavering, making them an ever-strong pillar in India’s glass industry.
9. La Opala RG Ltd
Stepping into the world of tableware, let’s take a look at La Opala RG Ltd. The company is an undeniable titan in India’s glass industry, with its headquarters nestled in Kolkata, West Bengal. They’ve been pioneers in opal glass technology since 1987 and hold a leadership position in the domestic opal-ware segment.
| Financial Year 2022 | Revenue | Net Profit |
|---|---|---|
| ₹474 crores | ₹87 crores |
With a workforce of 970 employees as of March 2022, they’ve managed to achieve a market capitalisation of ₹4,000 crores by August 30th, 2022. It’s worth noting that their brands include Diva, La Opala, Solitaire Crystal and Cook Serve Store Borosilicate.
The company has always aimed at variety in its client base. Catering to both economy and premium segments allows them to target different socio-economic groups effectively. Their products are globally available – you’d find them over more than 30 countries and at over 10,000 retail outlets across India.
La Opala also boasts collaborations with South Korea’s notable companies such as Hosan Glass (1988) for technical assistance on manufacturing opal glassware and Doosan Glass (1996) for creating beautiful pieces of lead crystal glassware.
Indeed, innovation remains at the heart of their operations; it’s evident through their strong focus on Research & Development which led to new breakthroughs in tableware technology.
Amongst all these achievements are multiple awards that shine brightly in their trophy cabinet:
- ET Bengal Awards
- Recognition as ‘Best Under a Billion’ by Forbes in 2013
- Year-on-year recipients of CAPEXIL Award and EPCH Award
- Acknowledged as India’s Most Trusted Dinnerware Brand (The Brand Trust Report, India Study – 2016)
- Received the FE CFO Awards in 2017
La Opala RG Ltd’s success story is one that continues to inspire. From its inception as La Opala Glass Private Limited in 1987, it set up the first opal glass plant at Madhupur, Bihar. A few years later in 1995, they merged with Radha Glass & Industries Ltd., giving birth to the now-renowned La Opala RG Ltd.
Their journey has led them to possess the largest opal glass tableware capacity across its Sitarganj and Madhupur facilities. The company’s commitment to quality and innovation keeps it at the forefront of India’s glass industry.
10. Fuso Glass India Pvt Ltd.
Stepping into the arena of top glass producers in India, we find ourselves face to face with Fuso Glass India Pvt Ltd. This heavyweight contender isn’t a novice in this game. With over 50 years of experience, they’ve firmly established themselves as one of the leading glass processors in the country. It’s no small feat considering that they’re operating from their headquarters based out of Chennai, Tamil Nadu.
Fuso isn’t just about quantity though, you’ll find quality etched into every piece of glass they produce. And when it comes to production lines, they don’t do things by halves. They cater to architectural needs with tempered, laminated and insulated glasses besides offering fire-rated and decorative varieties too! On the automotive front, expect both laminated and tempered offerings from them. Plus, their specialty glass range includes solar control and bullet-resistant types among others.
Their key clientele spans IT parks, hotels airports commercial buildings even residential projects across our vast nation!
Their revenue figures stand tall at around Rs 100-150 crores with profits estimated to be between Rs 10-15 crores (based on industry averages). Not surprising considering they have a workforce strength ranging between 200-500 employees tirelessly pushing for excellence.
Established in 1999 under the moniker Mahaveer Safety Glass Pvt Ltd, Fuso has come a long way. They’re not just members of the Saint Gobain Glass Consortium (SGC), they hold the prestigious 3-star status in it! And , they also boast an ISO 9001:2008 certification.
In conclusion, with Fuso Glass India Pvt Ltd., you’re dealing with an industry titan. With their rich history and impressive achievements, it’s no wonder they’ve made our list of top 10 glass companies in India!
Conclusion on Glass Companies in India
Navigating through the world of Indian glass companies, you’ve encountered some of the industry’s frontrunners. Remarkably, these companies collectively account for a significant portion of the Indian glass industry. Their products range from automotive safety glass to high-quality architectural solutions. Moreover, they’ve shown an admirable commitment towards sustainable practices and cutting-edge technology adoption.
Undoubtedly, your journey into the realm of Indian glass manufacturers has been enlightening. These successful ventures are testament to the fact that dedication, innovation and strategic planning can propel an organisation to new heights even in challenging environments. So whether you’re seeking insights or inspiration, there’s plenty to glean from these top 10 Indian glass companies.
For a more comprehensive understanding of the industry, read about the top 10 glass companies in India.
