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Asian Granito India has received approval for divestment in Joint Venture (JV) -- AGL Panaria. The Board of Directors of the Company at its meeting held on May 21, 2019 has approved the same. Indian Market dynamics have changed dramatically in terms of Advanced Production technology. The company has upgraded to cater all types of market requirements for domestic as well as in Export. In lieu of these changes the Company has agreed to part with effect from May 21, 2019.

Earlier, Panaria Group Ceramiche, Italy one of the leading Tile Manufacturing and Asian Granito India had entered into a JV in Year 2012. The purpose was that Asian would get benefit of Imported Advanced technology of Panaria, Italy and the mission was to market luxury ceramic tiles to cater high end market segment.

Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.

Asian Granito India Share Price

77.40 2.06 (2.73%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1187.65
Somany Ceramics 447.05
Cera Sanitaryware 5296.40
Asian Granito India 77.40
Pokarna 906.95
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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