Eleganz Interiors Ltd - Stock Valuation and Financial Performance

Eleganz Interiors Limited was incorporated as “Eleganz Interiors Private Limited” as a Private Limited company in Mumbai under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated April 18, 1996, issued by the Registrar of Companies, Maharashtra, Mumbai. Subsequently, the company was converted into a public limited company pursuant to a special resolution passed by its Shareholders at the Extra Ordinary General Meeting held on September 11, 2023, and the name of the company was changed to “Eleganz Interiors Limited” A fresh certificate of Incorporation consequent upon conversion from a Private Limited company to Public Limited company dated November 17, 2023, was issued by the Registrar of Companies, Mumbai.

Eleganz Interiors is engaged in the business of providing interior fit-out solutions, dedicated towards crafting corporate & commercial spaces which includes corporate offices, research & development facilities, laboratories, airport lounge, flexible workspace and commercial retail spaces, amongst others. Its services are focussed towards creating captivating and functional spaces on a pan India level. It elevates the aesthetic and functional aspects of workspaces by delivering interior fit-out solutions. Its solutions range from bare shell to fully furnished commercial spaces. Its range of services include Design & Build services (D&B) and General Contracting (GC) services. Under D&B, it provides end-to-end services which includes designing, shop drawings of the projects, resource planning & procurement of materials, project execution, final walkthrough & handing over the projects and providing post project support. 

Under GC services, its scope includes (a) civil and interior works i.e. plumbing, POP works, painting, carpentry work and polishing; (b) mechanical work includes ducting, insulations, copper piping, cassette, chiller & air handling units, dampers & diffusers and grills; (c) electrical work includes panels & distribution boards, cables & cable trays, conduiting & wiring, lights fixtures, UPS & batteries, switch sockets & isolators, fire alarm system, sprinklers, and earthing works and (d) final refinements for whole or part of the project which includes windows installation, wall finishes, flooring installation, furniture installation, fixture and appliance installation, signage & branding, quality inspection and touch-ups.

The company bids for domestic tenders’ issued by large domestic and multi-national corporations, project management consultants and international property consultants tenders issued by large domestic and multinational corporations, project management consultants and international property consultants for D&B and GC services. It has been awarded projects on work order basis. The work orders usually contain all codes and standards applicable to the project, as may be set out in the specifications, drawings and Bill of Quantities (BOQ). It consistently endeavours to provide high-quality execution, coupled with optimized budget solutions, to meet its clients' unique needs and expectations. Its ongoing commitment to staying informed about the latest trends and innovations in the industry allows it to present forward-thinking solutions. By incorporating a personalized approach tailored to each client’s objectives, it not only enhances the effectiveness of its services but also foster strong, mutually beneficial relationships.

Business area of the company

The company is engaged in the business of providing interior fit-out solutions, dedicated towards crafting corporate & commercial spaces which includes corporate offices, research & development facilities, laboratories, amongst others.

Awards and accreditations

• 2017: Awarded with 4th ‘GYPROC Trophy 2017’ to Company for highlighting their consistent commitment to excellence global platform
• 2018: Nominated for 11th ‘SAINT-GOBAIN GYPSUM INTERNATIONAL TROPHY 2018’ at LISBON
• 2019: Awarded with 5th “GYPROC Trophy 2019’ to Company for highlighting their consistent commitment to excellence global platform.
• 2022: Awarded the “GYPROC Trophy 2022” to Company for highlighting their consistent commitment to excellence global platform.
• 2023: Awarded the Certificate of “Sustainable Business of the Year” by the World Startup Convention.
• 2023: Awarded the “Company of the year in best design & Build fit its firm” by OUTLOOK BUSINESS 2023.

History and milestones

• 1996: Incorporation of the company as ‘Eleganz Interiors Private Limited’.
• 2000: Entered South Indian market by executing a GC project for engineering company at Bengaluru.
• 2001: Opened a dedicated woodwork factory unit in Dahisar Mumbai.
• 2002: Opened a dedicated woodwork factory in the southern region.
• 2008 Hyderabad chapter begins with the country’s largest single order marking a significant milestone.
• 2012: Completed 200 projects.
• 2016: Established an office in Pune to strengthen its presence in the region.
• 2018: Founding member of the Indian Green Building Counsel under the Confederation of Indian Industry.
• 2018: Started Design & Build services by executing project for a large IT/ITeS company at Mumbai.
• 2018: Crossed an annual turnover of Rs 100 crore.
• 2018: Commenced manufacturing facility at Vasai, Maharashtra and shifted operations from Dahisar, Mumbai.
• 2022: Shifted operations from southern region at Bangalore to Vasai, Maharashtra.
• 2022: Expanding operations to Singapore, tapping into a new market for growth.
• 2023: Conversion of the company from a Private Limited company to a Public Limited company.
• 2024: Securing a 7 lakh sqft Design and Build project, showcasing its continued excellence in execution.