MachineEdgeGlobal interacts with Rajesh Shah, Managing Director of Eurobond, a leading player in the market, achieved an impressive milestone in the fiscal year FY23 with an annual turnover of Rs 329.54 Crores. In this exclusive interview, Rajesh Shah shares insights into Eurobond’s remarkable growth, strategic initiatives, and their collaboration with RHEINZINK, the world’s top producer of architectural zinc. Join us as we explore Eurobond’s commitment to excellence, sustainability, and their vision for shaping the future of architecture in India.
What was your company’s total annual turnover in the last fiscal year?
We achieved a remarkable milestone in the fiscal year FY23, achieving an annual turnover of Rs 329.54 Crores. This substantial financial success reflects our steadfast growth and resilience, positioning us as a key player in the market and underscoring our commitment to sustained excellence and value creation.
Has your company’s financial turnover increased, decreased, or remained relatively stable over the past year?
The annual turnover of Euro Panel Products Limited in Last fiscal year FY23 was Rs 329.54 Crores as compared to Rs 216.25 which was for FY22. We have achieved a 50% growth in revenue for the second consecutive year.
If there has been a change in financial turnover, what factors do you believe have contributed to this change?
The notable 50% surge in our financial turnover can be attributed to a combination of strategic initiatives and robust business practices. Our expansive network of Depots, channel partners, and dealers played a pivotal role in enhancing our market reach across India. By proactively introducing innovative product launches and pioneering new designs, we have positioned ourselves as trendsetters in the industry, distinguishing us from the competition.
Furthermore, our global collaborations have been instrumental in bringing exceptional quality products to the Indian market, particularly in the premium segment of projects. This has allowed us to cater to the evolving needs of our discerning customers, reinforcing our position as a preferred choice for quality solutions.
In addition to our domestic success, our commitment to global expansion has resulted in exports to over 10 countries, contributing significantly to the overall increase in our financial turnover. This diversification strategy not only strengthens our international presence but also adds a valuable dimension to our revenue streams.
What are the most significant industry trends impacting your business in the last year?
In the past year, three predominant industry trends have significantly influenced our business. Sustainability remains paramount, driving a shift towards long-term constructions and a preference for recyclable products. Safety concerns have enhanced the use of fire retardant panels in high-risk and high-rise constructions. Moreover, architects are increasingly seeking innovative designs that replicate natural looks while prioritizing the practical strength of composite materials. These trends underscore our commitment to staying at the forefront of industry evolution, aligning our offerings with the dynamic needs of the market.
How do you anticipate industry trends and government policies will affect your business’s expansion and financial turnover in the next 12 months?
Anticipating the next 12 months, we foresee industry trends playing a pivotal role in propelling our business forward. The diversification of ACP applications into interior, signages, retail brand visibility, and even railway coaches presents a significant growth avenue. As these sectors expand rapidly, the demand for our products is expected to soar, contributing positively to our financial turnover.
Simultaneously, our strategic move to enhance production capacity to 25,000 sq.mt of panels daily positions us to meet the escalating demand effectively, fostering further growth.
Regarding government policies, we remain vigilant and adaptable. Any supportive policies promoting sustainable practices or infrastructure development could amplify our market opportunities, complementing our expansion efforts. As industry and policy landscapes evolve, we remain agile and poised for continued success.
Have government policies or regulations had a notable impact on your business in the last year, and have they influenced your expansion plans and financial turnover?
Over the past year, the Indian Government’s steadfast commitment to national development has notably influenced our business. The record-high Rs 10 lakh crore union budget allocation for infrastructure, coupled with initiatives like building 100 smart cities and achieving 100% indigenous manufacturing of railway coaches, has generated tremendous demand for our products. This visionary approach aligns seamlessly with our expansion plans, fostering a positive impact on our financial turnover as the market size for ACP products experiences significant growth.
What are the primary objectives or goals of this collaboration with RHEINZINK?
Our enduring commitment to bridging global excellence with Indian innovation remains unwavering. In collaboration with RHEINZINK, the world’s no.1 producer of architectural zinc, our primary goal is to introduce sustainable materials to India. This exclusive partnership guarantees access to the most sustainable zinc, boasting a remarkable 50% reduction in CO2 emissions. The patented naturally patinated products from RHEINZINK, now available exclusively through EUROBOND in India, signify a breakthrough in sustainable architecture.
By diversifying our portfolio, we stay true to our core strengths while aligning with RHEINZINK, a family business sharing similar values and visions. This collaboration is poised to be a resounding success, marking another milestone in our journey of bringing global excellence to the Indian market.
What specific benefits or opportunities do you anticipate from this collaboration?
This collaboration with RHEINZINK presents a myriad of benefits and opportunities. Firstly, it introduces the most sustainable zinc with a 50% reduction in CO2 emissions, aligning with our commitment to environmental responsibility. The exclusive access to RHEINZINK’s patented naturally patinated products provides a unique offering in the Indian market. Moreover, the collaboration diversifies our product portfolio, enhancing our competitive edge. With shared values and visions between EUROBOND and RHEINZINK, we anticipate not only a successful partnership but also the opportunity to set new benchmarks in sustainable architecture and material innovation.
Are there plans for ongoing collaboration or additional projects in the future?
Absolutely, our collaboration with RHEINZINK marks the beginning of a long-term partnership. We envision a series of ongoing collaborations and projects in the future. Together, EUROBOND and RHEINZINK share a commitment to innovation and sustainable solutions. As we explore new opportunities and avenues, the synergy between our organizations ensures that we will continue to bring cutting-edge products and advancements to the market, contributing to the evolution of architecture and design in India. This collaborative journey is poised for continuity, reflecting our shared dedication to excellence and forward-thinking initiatives.