India Gypsum

What India Gypsum does

India Gypsum Pvt Ltd is a Mumbai-based manufacturer of gypsum-based building materials operating in the Indian construction supply market. The company's product portfolio spans plasterboards (Regular, Fire Resistance, Moisture Resistance, and Fire & Moisture Resistance variants), Plaster of Paris (POP), mineral fibre ceiling tiles under the Minerotex brand, PVC laminated gypsum ceiling tiles, aluminium and GI metal ceiling tiles, T-Grid suspension systems, GI partition systems under the Ultra Metal brand, and complementary accessories including glass wool insulation, dry wall screws, glass fibre tape, jointing compound, and fibre cement board. Manufacturing is described as a continuous production process using high-purity natural gypsum core sheathed in specialised cardboard with chemical additives mixed in high-speed mixers; the company is ISO 9001:2008 certified and claims an in-house R&D function.

The business operates as a B2B materials supplier targeting architects, interior designers, construction companies, contractors, and commercial building operators in India. Products are positioned for false ceilings, drywall partitions, fire- and moisture-resistant wall coverings, acoustic management, and clean-room applications, with performance specifications benchmarked against Indian (IS 2095), European (EN-520), American (ASTM C 1396), and British (BS 476) standards. Go-to-market is direct, via a customer care phone line, email, and a content-led website that hosts downloadable product catalogues and technical specification PDFs.

Revenue is generated almost entirely from hardware sales of construction materials; no pricing is publicly disclosed, though packing-size tiers are available for POP (20/25/40 kg) and jointing compound (5/10/20/25 kg). The company is privately held with no disclosed investors, parent company, funding history, named customers, or management team, and operates exclusively from a single corporate office at Nariman Point, Mumbai, serving the South Asia region.

Name

India Gypsum

Legal name

India Gypsum Pvt Ltd

Website

https://indiagypsum.in

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

India Gypsum Pvt Ltd is a Mumbai-based B2B manufacturer of gypsum-based construction materials — plasterboards, ceiling tiles, suspension and partition systems, POP, and accessories — serving architects, contractors, and commercial builders across India under ISO 9001:2008-certified processes.

Ownership category

akta.pro rank

Product category

Gypsum Construction Materials

NAICS

Gypsum Product Manufacturing (327420)

SIC

Concrete, Gypsum & Plaster Products (3270)

akta.pro primary industry

Gypsum Board & Drywall Panels (IMADAEAA)

akta.pro secondary industries

Plaster (Gypsum/Lime/Cement) & Basecoat Systems (IMADAEAC), Prefabricated Gypsum/Plaster Architectural Elements (Cornices, Ceiling Medallions, Moldings) (IMADAEAL), Ceiling Boards, Plasterboard Tiles & Suspension-Compatible Gypsum Products (IMADAEAM)

Keywords

• Gypsum plasterboards
• Ceiling tiles
• Drywall partitions
• Construction materials
• Suspended ceiling systems

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Construction Materials Sales: Revenue generated from manufacturing and selling gypsum-based construction products including plasterboards, ceiling tiles, partition systems, and installation accessories. Products are sold directly to construction professionals, architects, and through what appears to be a B2B distribution model.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

India Gypsum manufactures and sells gypsum-based construction materials including plasterboards (regular, fire-resistant, moisture-resistant, and fire-and-moisture-resistant variants), ceiling tiles (mineral fibre, PVC laminated gypsum, aluminium, and GI), and T-grid ceiling suspension systems. The product portfolio also includes Plaster of Paris (POP), fibre cement boards, glass wool insulation, and installation accessories such as dry wall screws, glass fibre tape, and jointing compounds. The company serves construction professionals, architects, and interior designers across India.

Product overview

India Gypsum Pvt Ltd is a professional ceilings and partition material company offering a comprehensive portfolio of gypsum-based building materials. The product portfolio centers around gypsum boards (including Regular, Fire Resistance, Moisture Resistance, and Fire & Moisture Resistance variants), complemented by Plaster of Paris (POP), ceiling tiles (including Metal Ceiling Tiles in aluminium and GI, Mineral Fibre Ceiling Tiles under the Minerotex brand, and PVC Laminated Gypsum Ceiling Tiles), ceiling suspension systems (T-Grid in 24mm, 15mm, and Silhouette variants), and partition systems (Ultra Metal GI Series). Supporting products include Glass Wool insulation, Dry Wall Screws, Glass Fiber Tape, Jointing Compound, and Fibre Cement Board. The company positions itself as an eco-friendly, ISO 9001:2008 certified manufacturer with advanced R&D capabilities, serving the construction and interior design sectors across India.

Differentiator

Problem solved

Functional benefit

Brands

• Minerotex: Mineral fibre ceiling tiles product line including Fine Fissured, Pinhole, and Dune variants.
• Ultra Metal

Products and services

• POP (Plaster of Paris) Gypsum plaster used for interior wall and ceiling finishing, providing best finish, long lasting and superior quality. Available in 20, 25, and 40 kg packs. Sold under the IGPL® brand.
• Regular Gypsum Board Standard plasterboard produced from high purity natural gypsum core sheeted in special cardboard. Suitable for walls, ceilings and partition walls in new building construction or renovation. Covered with ivory cardboard on face side and grey cardboard on back side with blue edge tape.
• Fire Resistance Gypsum Board Fire-resistive plasterboard with pink cardboard on face and back sides with red edge tape. Provides more than 90 minutes fire-resistance rating. Used in ceilings and drywalls requiring high fire protection in residential and commercial applications.
• Moisture Resistance Gypsum Board Moisture resistant plasterboard with green cardboard on face side and grey cardboard on back side with green edge tape. Suitable for wet areas including bathrooms, kitchens, and external soffits in sheltered positions.
• Fire & Moisture Resistance Gypsum Board Dual-function plasterboard with green cardboard on face and back sides with black edge tape. Provides both fire protection (90+ minutes) and moisture resistance. Used in drywall partitions and for protection of structural steel elements.
• Glass Wool Thermal insulation material for external walls and ceiling. Reduces energy consumption by 20%. Available in various thickness and densities.
• Dry Wall Screw Corrosion resistant self-tapping zinc plated steel screws with countersunk cross-heads. Used to fix plasterboard to metal framework. Available sizes: 3.5 x 25, 3.5 x 35, 3.5 x 50 mm.
• Glass Fiber Tape Self-adhesive glass fibre mesh tape for strong joints. Eliminates blisters and bubbles. Length: 90 meters, Width: 50 mm.
• Jointing Compound Jointing compound with excellent workability and smooth high-quality finish. Zero/minimum wastage. Available in 5, 10, 20, 25 kg packing.
• Fibre Cement Board Moisture, termite and fire resistant board. Resistant to prolonged exposure to weathering effects including sun, rain, and UV rays. Suitable for ceilings and drywall in wet areas. Thickness: 4-24 mm. Sizes: 2440 x 1220, 1220 x 1220 mm.
• Aluminium Ceiling Tiles - Lay-in Lightweight aluminium ceiling tiles with plain or perforation pattern. Clean and minimalist look. Easy to install with eco-friendly properties. Size: 600 x 600 mm, Thickness: 0.6 mm.
• Aluminium Ceiling Tiles - Clip-in Clip-in type aluminium ceiling tiles for clean aesthetic appearance.
• GI Ceiling Tiles - Lay-in Galvanized Iron ceiling tiles with lay-in installation. 2mm perforation.
• GI Ceiling Tiles - Clip-in Galvanized Iron ceiling tiles with clip-in installation. Sound absorption (NRC): 0.6 with acoustic pad. Humidity resistant.
• Minerotex Fine Fissured Non-directional pattern mineral fibre ceiling tile with fresh, clean aesthetic look. Provides dual inhibition of mold/mildew and odor/stain-causing bacteria. Eco-friendly and biodegradable.
• Minerotex Pinhole Mineral fibre ceiling tile with pinhole pattern design.
• Minerotex Dune Mineral fibre ceiling tile with dune texture pattern.
• Minerotex Granular PVC laminated gypsum ceiling tile with granular texture. Vinyl laminated front side requires no further decoration. Backing with polished aluminium foil. High humidity resistance (99% RH). Size: 600 x 600 mm.
• Minerotex Dew Drop PVC laminated gypsum ceiling tile with dew drop pattern. Eco-friendly and biodegradable with vinyl lamination.
• Minerotex Mediplano PVC laminated gypsum ceiling tile with mediplano design. Eco-friendly and biodegradable.
• Minerotex Astrostar PVC laminated gypsum ceiling tile with astrostar pattern design.
• T-Grid 24mm Ceiling Suspension System Industry standard ceiling suspension system compatible with 600 x 600mm tiles. Made from high quality hot dipped GI Sheet with 120gm/sq meter zinc coating. Seismic and fire resistive designs. Available in Heavy Duty and Medium Duty variants.
• T-Grid 15mm Ceiling Suspension System Slim profile 15mm T-grid ceiling suspension system for lightweight ceiling applications.
• T-Grid Silhouette System Black and white silhouette T-grid system for aesthetic ceiling designs.
• GI Metal Frame Suspended Ceiling System (Ultra Metal Series) Metal frame suspended ceiling system from Ultra Metal Series. Includes perimeter channel, intermediate channel, ceiling section and plasterboard installation.
• GI Metal Frame Partition System (Ultra Metal Series) Non-load bearing GI frame partition system for commercial, institutional, industrial and modern office applications.

Quantifiable outcome

• Glass wool insulation reduces energy consumption by 20%

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Hunter Douglas: Global manufacturer of metal ceiling systems and architectural products. Comparable to India Gypsum's Ultra Metal Series GI Suspended Ceiling and Partition Systems, though Hunter Douglas operates globally with premium positioning versus India Gypsum's domestic India focus.

Broad incumbents

• Boral Limited: Australian building materials giant producing gypsum boards, ceiling tiles, and plaster products. Comparable across the full gypsum value chain (raw material through finished boards and accessories) though operating primarily in Australia/US with broader scale than India Gypsum.
• National Gypsum Company: Major US-based gypsum board and ceiling systems manufacturer with comparable product taxonomy including regular, fire-resistant, and moisture-resistant boards plus jointing compounds. Comparable on product breadth and standards compliance (ASTM C 1396) though operating primarily in North America.
• Armstrong World Industries: Global leader in mineral fibre and metal ceiling tiles plus suspension grid systems. Armstrong's Minerotex-comparable ceiling tile range and T-Grid suspension systems compete directly with India Gypsum's ceiling tile portfolio, though Armstrong operates across a much broader global product portfolio.

Direct peers

• Visaka Industries Limited: Indian manufacturer of fibre cement boards (V-Boards) and cement sandwich panels. Direct product overlap with India Gypsum's Fibre Cement Board offering and similar B2B sales motion through architects, contractors, and dealers in the Indian market.
• Knauf India (formerly USG Boral India): Major gypsum board manufacturer in India producing regular, fire-resistant, and moisture-resistant boards plus ceiling systems. Direct product overlap with India Gypsum across plasterboards, metal framing, and ceiling tiles serving identical commercial and residential construction end-markets.
• HIL Limited (CK Birla Group): Indian manufacturer of building products including panels, boards, and construction solutions. Comparable to India Gypsum as a domestic Indian building materials company serving architects, contractors, and developers with overlapping construction sector exposure.
• Everest Industries Limited: Indian building materials manufacturer producing fibre cement boards, roofing, and wall solutions. Comparable to India Gypsum's fibre cement board line and broader ceiling/partition offerings, serving overlapping Indian construction and infrastructure end-markets.
• Saint-Gobain Gyproc India: India's leading gypsum board and ceiling solutions manufacturer, offering plasterboards, ceiling tiles, and partition systems — directly comparable product portfolio and customer base (architects, contractors, developers) to India Gypsum. Saint-Gobain is the dominant scale competitor in the same market.

Others

• Saint-Gobain Research India: Adjacent comparator providing context on R&D scale and standards leadership in Indian gypsum manufacturing. Saint-Gobain's R&D depth in India highlights the technology gap smaller players like India Gypsum must bridge to compete on premium specification work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

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 India Gypsum