Aparna Enterprise to fund Rs 100 cr for aluminium windows, doors

23 Jun 2021 CW Team

Aparna Enterprises, a material building manufacturer, announced that it plans to invest Rs 100 crore towards developing its aluminium window and door system brand Alteza in the next four years.

The use of investment would be to grow the product portfolio, manufacturing facility, marketing and retailing.

The enterprise plans to invest Rs 40 crore in the latest manufacturing facility this FY and aim to command 8% to 10% of the aluminium window and door system market in the coming four years. Alteza, launched in 2019, offers door and railing systems and aluminium windows.

Ashwin Reddy, managing director, Aparna Enterprises, said the aluminium window and door system market in India is near Rs 20,000 crore and is increasing at a CAGR of 7.9%. From Rs 100 crore, 60% of the funds would be focused on strengthening the production capacity and the rest on research, development, and building dealership connections.

Reddy said they plan to hire over 100 people by 2021 end, and the majority of this would be in Telangana.

Aparna Enterprises Limited (AEL) is a prime leader in the distribution of building supplies and is one of the largest Tile Distribution companies in India.

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