Saint-Gobain Sekurit India Ltd Share Price

History of Saint-Gobain Sekurit India Ltd

Saint-Gobain Sekurit India Limited was formerly incorporated as Maharashtra Glass and Agro Private Limited, a private limited Company on November 13, 1973. The status of the Company was changed into a Public Limited Company and the name of the Company was changed to Sekurit Saint-Gobain India Limited in February, 1999 and subsequently changed to Saint-Gobain Sekurit India Limited in November, 2000. SGSIL is a subsidiary of Compagnie de Saint-Gobain (Saint-Gobain), a transnational group with its headquarters in Paris and with sales of Euros 46.60 billion in 2024. Saint-Gobain's businesses fall into two broad areas: regional construction or building related businesses and global businesses providing High Performance Solutions. SGSIL's business is part of Mobility within the High-Performance ...Solutions. SGSIL is in the business of processing of glasses to manufacture windshields for the automobile industry. SGSIL went public in 1987 and came out with its maiden issue in Oct.'88. Its plant at Pune is equipped with modern automatic machines. It supplies glass under the Atultuf brand name to a reputed clientele including Telco, Premier Automobiles, Hindustan Motors, Ashok Leyland, Bajaj Tempo, Bajaj Auto, etc. The company diversified by setting up a vegetable oil solvent extraction plant employing the most modern technology. The project was part financed by a rights issue of FCDs in Mar.'92 along with the private placement of NCDs with mutual funds. It started production of laminated safety glass at Chakan near Pune. In Jul. 2000, the scheme of amalgamation of Universal Body Builders and Engineers Pvt Ltd was implemented effective from April, 1999. The Saint Gobain Group (Flat Glass Division) set up a new state-of-the-art automotive glass plant in Chennai through its other Indian subsidiary namely Saint-Gobain Glass India Ltd in 2004. Commercial production of laminated windshields was started at Chennai Plant in 2005. During the period 2010-11, the plants at Bhosari and Chakan were modernised. The operations of Company were restructured and rationalised. In FY 2024-25, Company has made strategic investments in advanced windshield preprocessing lines with the increasing demand for high-quality, large-format windshields. To accommodate the production of larger windshields, space optimization became a priority. The production line layout was accordingly restructured to minimize glass movement, thereby improving ergonomics and workflow efficiency. Additionally, storage facilities were relocated outside the main plant area, creating valuable space for the expansion of production lines. Operational circularity has improved through reduced water and energy consumption per square meter of glass produced. Company increased the use of recycled materials in packaging and enhanced the cullet circularity ratio.