Shankara Building Products Ltd Company History

Incorporation of Company

Received ISO 9001: 2008 certification from NQA

Commendation award for highest sales by Tube Products of India

Best Performance Award (STP) by Tata Pipes

Opened an integrated warehousing facility of 55,000 sq. ft. at Veerasandra, Bengaluru

Achieved Rs. 1 billion turnover

‘Emerging India Award’ in the category ‘Retail & Trade’ by CRISIL, ICICI Bank & CNBC TV

J N Tata Award as the best Distributor 2004 - 05 by the tubes division of Tata Steel Limited

Commenced retail operations by opening the first retail store in Bengaluru

Commenced retail operations in Gujarat and Goa

Commenced retail operations in Odisha

Star Retail Distribution Category A for 2007 - 08 by Tata Pipes

Achieved Rs. 1 billion turnover in the retail segment

Acquired the precision tube processing unit in Bengaluru through acquisition of VPSPL

Certificate of excellence for winning a place in the Platinum Tier by Astral

Raised private equity investment of Rs. 800 million

Constructed a processing facility in Hyderabad

Achieved Rs. 10 billion + turnover

‘Star Performer – Irrigation’ Award by Tata Steel Tubes SBU

Acquired a roofing products company – CRIPL

Commenced retail operations in Puducherry

Gold Distributor 2012 - 13 by Astral

Launched own private label brands – Taurus, Prince Galva Plus and Loha

Crossed Rs. 6 billion turnover in the retail segment in Financial Year 2015, accounting for 31.00% of overall revenues of the Company

Added new product category of water tanks

Listed among the top 200 best unlisted Indian companies by Business Standard

Star Performer (II) – Karnataka and Andhra Pradesh for ERW Pipes and Tubes by Jindal Pipes Limited and Maharashtra Seamless Limited

Achieved Rs. 20 billion + turnover

Added new products categories – cement, tiles, scaffolding and solar products

Crossed Rs. 8 billion turnover in the retail segment, accounting for 39.68% of overall revenues of the Company

Commenced operations at the 100th retail store

Awards and Accreditations

Best Emerging Dealer in Bengaluru 2015 - 16 by Johnson

Shankara Building Products opens 116th store.