Meet Ashok Kajaria, The Man Who Left Engineering Degree In US And Made Rs 20000 Crore Empire In India
Ashok Kajaria is well known for changing the Indian tile industry. He's the boss and founder of Kajaria Ceramics, the biggest maker of ceramic and vitrified tiles in India. Kajaria has led the way in setting high standards for the industry, not just in India but around the world, for making tiles that are top quality, well-designed, and good for the environment. His story from starting small to running a big company that sets new standards in fancy and efficient buildings is all about working hard, coming up with new ideas, and always trying to do things really well.
The Journey Begins: The Humble Beginnings Of Ashok Kajaria
Growing up in a family of business owners, Kajaria was always destined to follow in their footsteps. But it was his vision and drive that turned a small tile factory into a global giant in the industry. Understanding the market well and paying attention to every detail, Kajaria has brought in the latest technology and new designs to make Kajaria Ceramics famous not just in India but worldwide.??
Born in India, Ashok Kajaria's journey towards establishing Kajaria Ceramics took a pivotal turn when he decided to return to India from the US, where he was pursuing a mechanical engineering degree. Joining his family's cast trading business, Ashok embarked on a path that would redefine the Indian tile industry.
ALSO READ:?Meet Uday Shankar, Vice Chairman Of Viacom18 Who's Helping Mukesh Ambani Attain Media Excellence
A Strategic Partnership: The Idea of Kajaria Ceramics
During a sales trip to the Gulf, Ashok Kajaria seized an opportunity that would change the course of his entrepreneurial journey. He met with cast buyers who expressed a need for floor tiles and agreed to take him to Spain to explore options. After visiting 50 factories, Ashok partnered with Spain's top company, Todagres, to set up his own tile manufacturing plant in India.
The Early Years Of Kajaria Ceramics?
In 1988, Kajaria Ceramics inaugurated its first plant in Sikandrabad (Uttar Pradesh) with a production capacity of 1 million square meters per annum. To promote the brand, Ashok Kajaria focused on marketing, launching the first Kajaria ad in 1989. This strategic move catapulted Kajaria Ceramics to a market leadership position within just two years of its inception.
ALSO READ:?Meet Parth Jindal: Delhi Capitals Owner And His Impressive 600 Crore Net Worth
Steadfast Growth Amidst Challenges
Despite facing challenges such as the market crash of 2008, Kajaria Ceramics continued its growth trajectory. In 2008, it became the first Indian tile company to list on the NSE, showcasing its resilience and adaptability in the face of adversity.
How Kajaria Cracked The Market Through Innovations and Market Penetration
As the European market shifted towards low-porosity vitrified tiles, Kajaria Ceramics adapted its production, leading to further growth and expansion. By 2015, the company had achieved unicorn status with a valuation of Rs 8000 crore, thanks to its focus on producing polished and glazed vitrified tiles.
ALSO READ:?From Dhirubhai Ambani To Ratan Tata: Here Are The First Jobs Of Most Successful Indians
From USA To Record Sales Of Rs 2956 crore
As of 2019, Kajaria Ceramics recorded sales of Rs 2956 crore and a profit of Rs 227 crore, solidifying its position as a market leader with an 11% market share. With six plants boasting an annual capacity of 86.47 million square meters, Kajaria Ceramics continues to be a trailblazer in the global tile industry, currently ranking as the 8th largest tile manufacturer in the world.
Kajaria Ceramics' journey from humble beginnings to global prominence is a testament to the entrepreneurial spirit and strategic acumen of its founder, Ashok Kajaria. As it continues to innovate and expand its product offerings, Kajaria Ceramics remains a beacon of success in the Indian tile industry, inspiring others to dream big and achieve even bigger.
For the latest and more interesting financial news, keep reading Indiatimes Worth.?Click here
