Carysil Ltd Announces Rs 500 Crore Expansion Plan to Boost Global Kitchen Solutions

Carysil Ltd, a global leader in premium kitchen products, has unveiled a Rs 500 crore investment strategy to scale manufacturing capacity over the next 4–5 years. The plan includes doubling quartz sink production to 2 million units annually and expanding stainless-steel sinks (250,000 units), faucets (50,000 units), and built-in appliances (50,000 units). This follows a successful ₹125 crore QIP in July 2024, with funds allocated for machinery, facility upgrades, and global market penetration. The Bhavnagar-based company, exporting to 58 countries, reported FY24 revenue of ₹683.76 crore, up 15% YoY. Chairman Chirag Parekh emphasized aligning with ‘Make in India’ to position Bhavnagar as a global sink manufacturing hub.

Sources: BSE, NSE, Carysil Official Website, Business Standard