Carysil Limited Reports QIP Fund Utilization and Expands Business with IKEA
Carysil Limited has disclosed its QIP fund utilization and announced an expansion of its partnership with IKEA. The company raised Rs 125 crore through QIP, utilizing funds for capital expenditure, working capital, and general corporate purposes. Carysil has also secured a new Purchase Agreement with IKEA Supply AG, planning to invest Rs 20 crore in infrastructure to cater to IKEA's global non-U.S. requirements for quartz kitchen sinks.
11Aug 25
CARYSIL Expands Global Reach with ₹20 Crore Investment in IKEA Partnership
CARYSIL Limited, a manufacturer of composite quartz kitchen sinks, plans to invest ₹20 crore to expand its business through a strategic partnership with IKEA Supply AG. The investment will be used for additional moulds, new machinery, and infrastructure improvements to meet IKEA's global demand, excluding the United States. This expansion builds on previous announcements and strengthens CARYSIL's existing partnership with IKEA. The company will also participate in an investor conference organized by Equirus in Mumbai.
26Jul 25
Mphasis Reports 9.1% Revenue Growth in Q1; Completes Strategic Acquisitions
Mphasis Limited posted a 9.1% YoY revenue growth to ₹37,324.89 crore and a 9.2% YoY net profit increase to ₹4,417.03 crore in Q1 FY2024. The company announced a final dividend of ₹57 per equity share. Mphasis completed strategic acquisitions in cybersecurity, software testing, and digital transformation through its subsidiary, enhancing its service capabilities. CEO Nitin Rakesh emphasized the company's focus on delivering innovative solutions to clients.
21Jul 25
Carysil Limited Appoints Pavankumar Palkar as Chief Sales Officer for Domestic Sales
Carysil Limited has appointed Pavankumar Palkar as the new Chief Sales Officer for Domestic Sales, effective July 21, 2025. Palkar brings over 17 years of experience in Sales, Business Development, and P&L Management. He has expertise in various sales channels including modern trade, e-commerce, exports, and institutional sales. This appointment, approved by the Board of Directors, is expected to strengthen Carysil's domestic sales operations and potentially explore new avenues for expansion.
19May 25
Carysil Reports Growth in Q4 Net Profit, Recommends Dividend
Carysil, a leading quartz and granite sink manufacturer, reported strong Q4 results with a 19.6% increase in net profit to ₹185.80 crore and a 6.8% rise in revenue to ₹204.00 crore. EBITDA grew marginally by 1.2% to ₹34.93 crore, though the EBITDA margin decreased slightly. The company's board recommended a final dividend of ₹2.40 per share.
12Mar 25
Carysil Secures Major US Customer Deal, Projecting 5% Revenue Boost
Carysil Limited has signed an agreement with KARRAN INC., USA to supply quartz kitchen sinks for a major U.S. home retail chain. The deal commits to a minimum production of 150,000 sinks annually from May 2025, potentially increasing Carysil's total revenue by 5% with a maximum revenue potential of 375 million rupees. Carysil plans to invest USD 510,000 in infrastructure to support this commitment. Additionally, the company has renamed its US subsidiary from Acrysil USA Inc. to Carysil USA Inc.
12Mar 25
Carysil Secures Major US Customer, Commits to 150,000 Quartz Sinks Annual Production
Carysil Limited has signed an agreement with KARRAN INC., USA to supply quartz kitchen sinks to a major U.S. home retail chain. The deal commits Carysil to dedicate a minimum production capacity of 150,000 quartz sinks annually, starting May 2025. To support this, Carysil will invest approximately USD 510,000 in molds, machinery, and utilities. The company has also renamed its U.S. subsidiary from Acrysil USA Inc. to Carysil USA Inc., aligning with its recent corporate rebranding.
12Mar 25
Carysil Expands U.S. Presence with Major Retail Deal, Rebrands Subsidiary
Carysil Limited, a quartz kitchen sink manufacturer, has signed a supply agreement with Karran Inc. to provide sinks for a major U.S. home retail chain. Additionally, the company has rebranded its U.S. subsidiary from Acrysil USA Inc. to Carysil USA Inc., aligning with the parent company's recent name change. These strategic moves aim to strengthen Carysil's position in the American market and enhance its global brand identity.