Esprit Stones

What Esprit Stones does

Esprit Stones Limited is an Indian engineered quartz surface manufacturer headquartered in Udaipur, Rajasthan. The company produces luxury quartz surfacing for kitchens, bathrooms, flooring, walls, vanities and work surfaces, blending up to 93% natural quartz aggregates with pigments and polymer resins into slabs sized 126 x 63 or 137 x 76 inches at thicknesses from approximately 0.39 to 1.18 inches. Its portfolio is organised as five design collections under the Esprit Stones Quartz Surfaces brand — Sparkle, Calacatta, Vein, Ice and Classic — each containing multiple individual designs (for example Calacatta-Borghini and Nero-White within Calacatta). Manufacturing is concentrated in a single 100,000 sq.ft fully integrated plant spread over 6 acres at Lakhawali, Udaipur, with a highly automated and strictly monitored production process.

The company is a joint venture between two Indian business houses — the Aravali Group (founded 1975, with interests in minerals, real estate and finance) and the Gattani Group (founded 1979, with interests in hospitality, mining, infrastructure, trading, energy and FMCG) — which together contribute a stated 40+ year legacy in the mineral and stone sector and government-recognised export credentials (Capexil and Government of Rajasthan export awards). Esprit Stones sells primarily on a B2B basis to architects, interior designers, builders and developers, with prospective buyers initiating contact via website enquiry forms and receiving project-based or quote-based pricing; the Haique showcase website (haique.world) supports consumer-facing product discovery for the Sparkle, Calacatta, Vein, Ice and Classic ranges.

The company operates three wholly-owned subsidiaries — Addwaya Chemicals Private Limited (chemicals/raw materials), Haique Stones Private Limited (Indian quartz operations) and Haique Stones Inc. (US-incorporated entity for international distribution). In 2024 Esprit Stones transitioned from a private limited company to a public listed entity, filing its DRHP in February 2024, RHP in July 2024 and Prospectus in August 2024. Revenue model is essentially hardware sales of manufactured engineered quartz surfaces, both domestically in India and through export channels to markets including the USA, Russia, Sri Lanka, Japan and China.

Name

Esprit Stones

Legal name

Esprit Stones Limited (Formerly Known as Esprit Stones Private Limited)

Website

https://espritstones.com

Company type

Public

Founded year

2016

Operating status

Ipo

Headcount range

11–50 employees

Short description

Esprit Stones Limited is an Indian engineered quartz surface manufacturer (Udaipur, Rajasthan) producing luxury quartz slabs across five collections — Sparkle, Calacatta, Vein, Ice and Classic — for sale B2B to architects, interior designers, builders and developers in India and export markets.

Ownership category

akta.pro rank

Product category

Engineered Quartz Surfaces

NAICS

Cut Stone and Stone Product Manufacturing (327991)

SIC

Cut Stone & Stone Products (3281)

akta.pro primary industry

Manufactured/Engineered Stone & Agglomerates (Quartz, Terrazzo, Sintered Stone) (IMAKAHAG)

Keywords

• Engineered quartz surfaces
• Quartz countertops
• Luxury stone surfaces
• Resin-bound quartz slabs
• Natural quartz aggregates

Headquarters

HQ city

Udaipur

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Engineered Quartz Surface Sales: Primary revenue is generated through the manufacturing and sale of engineered quartz surfaces across the Sparkle, Calacatta, Vein, Ice and Classic collections for use in furniture, vanities, kitchen and bathroom surfaces, work surfaces, countertops, floors, walls and special features. Sales are B2B-driven (architects, designers, builders) with direct enquiry/quote requests through the company website.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Esprit Stones Limited manufactures engineered quartz surfaces by blending up to 93% natural quartz aggregates with pigments and polymer resins, producing non-porous, heat-, stain- and scratch-resistant slabs used for kitchen countertops, bathroom vanities, flooring, walls, furniture surfaces and work surfaces. The portfolio is organised into five design collections (Sparkle, Calacatta, Vein, Ice and Classic), manufactured at a 100,000 sq.ft fully integrated plant on a 6-acre site in Udaipur, Rajasthan. The firm also produces unsaturated polyester resin and marble surfaces.

Product overview

Esprit Stones Limited offers a single core engineered-quartz product — the Esprit Stones Quartz Surfaces brand — manufactured at a state-of-the-art 100,000 sq. ft. plant in Udaipur, Rajasthan. The portfolio is organized as a single product platform with five named design sub-collections that sit under it: the Sparkle Collection, the Calacatta Collection, the Vein Collection, the Ice Collection, and the Classic Collection. Each collection groups multiple individual surface designs (e.g., Sparkle-Grey, Calacatta-Borghini, Space-Black, Ice-White, Jet-Black) that share a common visual theme, together making up the company's complete luxury quartz surfacing range.

Differentiator

Problem solved

Functional benefit

Brands

• Haique: The Haique brand is used for the company's quartz surfaces product line, evidenced by the '[email protected]' email address and the haique.world product browsing website referenced from the Products page. It is also the brand used by the Haique Stones Private Limited and Haique Stones Inc. subsidiaries.
• Esprit Stones Quartz Surfaces

Products and services

• Esprit Stones Quartz Surfaces Engineered quartz surfaces manufactured by blending up to 93% natural quartz aggregates with pigments and polymer resins, offered in dimensions of 126 x 63 and 137 x 76 inches with thicknesses from approximately 0.39 to 1.18 inches. Used for kitchen countertops, bathroom vanities, flooring, wall cladding, furniture surfaces and work surfaces in residential and commercial projects; resistant to heat, staining and scratching, and non-porous.
• Sparkle Collection Sparkle sub-line within the Esprit Stones Quartz Surfaces portfolio comprising four designs: Sparkle-Grey, Sparkle-White, Sparkle-Black and Sparkle-Grigo, sold as quartz slabs for residential and commercial surfacing applications.
• Calacatta Collection Calacatta sub-line within the Esprit Stones Quartz Surfaces portfolio comprising six designs: Calacutta-Nuvo, Calcutta-Pearl, Calacatta-Rafael, Calacatta-Borghini, Pearl-Venice and Nero-White, sold as quartz slabs for residential and commercial surfacing applications.
• Vein Collection Vein sub-line within the Esprit Stones Quartz Surfaces portfolio comprising three designs: Space-Black, Carara-White and Venetino, sold as quartz slabs for residential and commercial surfacing applications.
• Ice Collection Ice sub-line within the Esprit Stones Quartz Surfaces portfolio comprising three designs: Winter-White, Awlancha-White and Ice-White, sold as quartz slabs for residential and commercial surfacing applications.
• Classic Collection Classic sub-line within the Esprit Stones Quartz Surfaces portfolio comprising two designs: Arctic-White and Jet-Black, sold as quartz slabs for residential and commercial surfacing applications.

Quantifiable outcome

• Quartz surfaces are resistant to heat, staining and scratching, and are non-porous with high resistance to staining.
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered flagship, core and minor.

• Aravali GroupflagshipStrategic or Co-development PartnerAravali Group is one of the two promoter groups behind Esprit Stones Limited and a co-promoter of the joint venture entity. The group brings over 40 years of legacy in the mineral and stone sector, has government-recognised export credentials (Capexil awards from Government of India and awards from Government of Rajasthan), and contributes its industrial expertise to the engineered quartz venture.
• Gattani GroupflagshipStrategic or Co-development PartnerGattani Group is the other co-promoter of Esprit Stones Limited, partnering with the Aravali Group to form the joint venture. The group is associated with related-party businesses including Gattani Resorts and Quality Suitings within the promoter group ecosystem.
• Haique Stones Inc.coreStrategic or Co-development PartnerHaique Stones Inc. is a subsidiary of Esprit Stones Limited, providing the international entity through which the company's quartz products reach overseas markets.
• Haique Stones Private LimitedcoreStrategic or Co-development PartnerHaique Stones Private Limited is an Indian subsidiary of Esprit Stones Limited, supporting the company's domestic operating footprint alongside its registered office and Udaipur manufacturing works.
• Addwaya ChemicalscoreStrategic or Co-development PartnerAddwaya Chemicals is a subsidiary of Esprit Stones Limited within the promoter group corporate structure, supporting the group's chemicals and materials operations.
• Aravali MineralsminorOthersAravali Minerals is a group company within the Aravali promoter ecosystem associated with Esprit Stones Limited.
• Esprit VenturesminorOthersEsprit Ventures is a group company within the Esprit Stones promoter ecosystem.
• Gattani ResortsminorOthersGattani Resorts is a group company associated with the Gattani promoter group connected to Esprit Stones Limited.
• Quality SuitingsminorOthersQuality Suitings is a group company within the promoter ecosystem associated with Esprit Stones Limited.
• Rajasthan PackingminorOthersRajasthan Packing is a group company within the promoter ecosystem associated with Esprit Stones Limited.
• Rose MarblesminorOthersRose Marbles is a group company within the promoter ecosystem associated with Esprit Stones Limited.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Cambria: US family-owned producer of engineered quartz and natural stone surfaces with a strong North American dealer base. A useful comp for Haique Stones Inc.'s go-to-market in the United States.
• Cosentino (Silestone / Dekton): Spanish global surfaces leader whose Silestone brand is one of the most recognised engineered quartz lines worldwide. Comparable on product positioning and global distribution ambition.
• Asian Granito India Limited: Large Indian listed manufacturer of tiles, engineered quartz and surfaces with a multi-plant footprint and extensive dealer network. Overlaps with Esprit in engineered quartz but operates at materially larger scale and broader product breadth.
• LX Hausys (Viatera quartz): Korean manufacturer of engineered quartz (Viatera) and other surfacing materials with global distribution. Comparable as an Asian-originated, export-oriented quartz producer targeting the same specifier channel.
• MSI (M S International): US-based leading importer and distributor of quartz, natural stone and porcelain surfaces. Overlaps with Esprit on engineered quartz SKU range and US channel exposure via Haique Stones Inc.
• Caesarstone Ltd. Global pioneer and category leader in engineered quartz surfaces, serving residential and commercial markets worldwide. Closest global incumbent benchmark for Esprit's product category and pricing strategy.

Emerging players

• Quartz Master (Vadara / Q™ Premium Natural Quartz): US-headquartered engineered quartz supplier targeting residential and commercial projects. Comparable emerging brand in the same engineered quartz category Haique Stones Inc. operates in.

Direct peers

• Pokarna Limited: Indian listed manufacturer of engineered quartz (Quantra brand) and natural stone surfaces with a global distribution footprint. Directly comparable to Esprit as an India-based engineered quartz producer targeting international specifier markets.
• Aro Granite Industries Limited: Indian listed processor and exporter of granite, marble and engineered stone slabs. Comparable on India-based stone/quartz manufacturing with an export orientation toward developed markets.

Regional players

• Elegant Marbles and Grani Industries Limited: Indian listed processor of marble, granite and engineered stone. Comparable in scale and product mix within India, though focused more on natural stone than pure engineered quartz.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/esprit-stones

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Esprit Stones