Global Surfaces Ltd Company Summary

Global Surfaces Ltd Summary

Global Surfaces Ltd was incorporated as Swastic Niwas Private Limited on August 23, 1991 at West Bengal. Subsequently, name of the Company changed to Global Stones Private Limited on May 17, 2004. The name of Company was changed to Global Surfaces Private Limited pursuant to a Special Resolution passed by shareholders of the Company on October 07, 2021. Thereafter, Company converted into a Public Limited under the name Global Surfaces Limited on October 07, 2021 and a fresh Certificate of Incorporation dated October 21, 2021 was issued by the Registrar of Companies, Jaipur. The Company is engaged in the business of processing natural stones and manufacturing engineered quartz. The Company has application in flooring, wall cladding, countertops, cut-to size and other items. It has 2 units, one located at Bagru, Rajasthan and the other at Mahindra World City SEZ, Jaipur for processing and manufacturing of their products. The Unit I was acquired as processing natural stones such as marble, granite and quartzite, which helps in sourcing raw materials and minimize logistics and transportation cost. Prior to acquisition of Unit I in 2004, the Company was engaged in real estate construction business in which it ceased to undertake. It upgraded their plant and machinery installed at Unit I in year, 2015. From onwards FY 2017-18, the Company further diversified their business of Unit II located at Sanganer (Jaipur) for undertaking business of manufacturing engineered quartz. It started production of engineered quartz at Unit II in the year 2018.In 2020, the Company installed solar panels in both units as part of the Go Green Initiative and implemented ERP system. It incorporated Global Surfaces FZE, a wholly owned subsidiary in U.A.E. In 2022, it commenced construction of Proposed Facility at The Jebel Ali Free Zone, Dubai, U.A.E.