"Borosil Group Aims to Double Revenue to ₹7,000 Crore Within Four Years"

Borosil Group, a leading player in glassware, laboratory equipment, and solar glasses, is targeting to double its revenue to ₹7,000 crore in the next four years, driven by double-digit growth across its business verticals, according to Executive Vice Chairman Shreevar Kheruka. The Kheruka-family-led conglomerate, which operates through its three listed entities—Borosil Ltd, Borosil Renewables Ltd, and Borosil Technologies Ltd—anticipates achieving ₹3,500 crore in revenue by FY25.

To support this growth, Borosil plans to invest ₹250 crore in expansion and capacity upgrades, with ₹150 crore allocated to building a new plant in Gujarat for Borosil Ltd, which focuses on glassware and cookware. An additional ₹100 crore will be invested in its Jaipur facility for debottlenecking and boosting production efficiency, following a prior investment of ₹450 crore.

Kheruka highlighted the group's readiness for further acquisitions in the kitchenware segment, following past successes. He also reflected on the group's strong performance, noting that revenue has grown almost 3.5 to 4 times since 2020, with a projected revenue of ₹3,500 crore for 2025.

However, the path forward poses challenges, particularly in the solar glass business, where Borosil Renewables faces stiff competition from Chinese imports priced well below production costs. Kheruka acknowledged the difficulty of maintaining the same growth trajectory, but expressed confidence in at least doubling revenue in the coming years. He noted that Borosil Renewables is poised to double its solar glass capacity within three years, contingent on favorable policies.

HBL