Greenlam Industrie

What Greenlam Industrie does

Greenlam Industries Limited is a publicly listed Indian surface solutions manufacturer founded in 1993 and headquartered in New Delhi, trading on the BSE and NSE under the GREENLAM ticker with a market capitalization of Rs 6,470 crore. The company produces decorative laminates, plywood, chipboard, and decorative veneers for residential, commercial, and hospitality interior applications, and ranks among the top three laminate manufacturers globally. Its core operations are anchored by a manufacturing facility in Naidupeta, Andhra Pradesh, supplemented by an Indonesian subsidiary, PT. Greenlam Indo Pacific, which became a wholly owned step-down subsidiary in April 2026.

The company sells through direct enterprise field sales to furniture manufacturers, contractors, and interior designers, alongside Indian domestic wholesale and retail distribution channels, with no public pricing disclosures. FY26 revenue reached Rs 3,046 crore (+18.6% YoY) with EBITDA of Rs 334 crore (+21% YoY) and gross margins of 53.6%, though full-year net profit declined 18.1% to Rs 560 million due to higher operating costs, forex movements, and chipboard-related interest and depreciation. Q4 FY26 showed strong sequential acceleration, with revenue of Rs 857.7 crore (+25.8% YoY) and net profit of Rs 40.5 crore.

Strategic positioning emphasizes geographic diversification into Southeast Asia, product line expansion through chipboard, and sustainability investment via 8 MWp of captive rooftop solar capacity. The customer base is horizontally distributed across architects, builders, and project-based commercial buyers, and the leadership team is led by Managing Director and CEO Saurabh Mittal alongside CFO Ashok Kumar Sharma.

Name

Greenlam Industrie

Legal name

Greenlam Industries Limited

Website

https://greenlamindustries.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Greenlam Industries is a publicly listed Indian manufacturer of decorative laminates, plywood, chipboard, and veneers, ranking among the top three laminate producers globally and serving residential, commercial, and hospitality interiors across India and Indonesia.

Ownership category

akta.pro rank

Product category

Decorative Surface Materials (Laminates & Engineered Wood)

NAICS

Paint and Coating Manufacturing (325510)

SIC

Millwood, Veneer, Plywood, & Structural Wood Members (2430)

akta.pro primary industry

Hardwood Plywood & Decorative Panels Manufacturing (IMAMACAB)

akta.pro secondary industries

Glulam (Glued Laminated Timber) Manufacturing (IMAMACAE), Architectural & Decorative Painting (Interior/Exterior) (IMAIAKAA)

Keywords

• Decorative laminates
• Engineered wood panels
• Plywood manufacturing
• Interior surfacing
• Decorative veneers

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Surface Solutions Products: Manufactures and sells laminates, decorative veneers, and wood panel products including chipboard. Revenue mix includes Q4FY26 net revenues of Rs 857.7 crore growing 25.8% YoY, full-year FY26 revenues of Rs 30.461 billion growing 18.6%. Laminate segment posted 14.4% value growth, plywood segment grew 17.9% YoY.
2. Solar Energy Services: OPEX model rooftop solar installations at manufacturing facilities. Third repeat order from Greenlam Industries, total shared solar capacity of 8 MWp. Installation expected to offset approximately 4,800 metric tonnes of carbon dioxide emissions annually.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Greenlam Industries manufactures and sells decorative surface solutions including laminates, engineered wood panels (plywood, blockboard, chipboard), and decorative veneers. The company operates an integrated manufacturing facility in Naidupeta, Andhra Pradesh, and distributes its products across India and select international markets through its subsidiary PT. Greenlam Indo Pacific in Indonesia.

Product overview

Greenlam Industries is a multi-segment manufacturing company producing decorative surface materials. The core portfolio comprises Laminates (positioning the company among the top three laminate manufacturers globally), Plywood, Chipboard (engineered wood panels that began commercial production and showed 47.3% sequential revenue growth), and Decorative Veneers. The company operates manufacturing facilities in India including Naidupeta, Andhra Pradesh, and serves the residential, commercial, and hospitality sectors with interior surface solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Laminates Decorative surface laminates (high-pressure laminates in the standard product category) used as surfacing material for furniture, modular kitchens, and interior applications. Sold to furniture manufacturers and interior contractors.
• Plywood Engineered wood plywood panels used as substrate material in furniture and interior applications. Manufactured and sold by Greenlam Industries to furniture makers and project contractors.
• Blockboard Blockboard panels made from engineered wood, used in furniture carcasses, doors, and interior paneling. Sold to furniture manufacturers and interior contractors.
• Chipboard Particle/chipboard panels used as substrate in modular furniture and interior fit-outs. Sold to furniture manufacturers and interior contractors.
• Decorative Veneers Natural and engineered decorative veneers applied as surfacing material on furniture and interior panels. Sold to furniture manufacturers, interior contractors, and project specifiers.

Quantifiable outcome

• Annual carbon offset of approximately 4,800 metric tonnes of CO2 emissions from 4 MWp solar installation
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Roofsol EnergycoreStrategic or Co-development Partner · 28 May 2026Roofsol Energy commissioned a 4 MWp rooftop solar project for Greenlam Industries at its manufacturing facility in Naidupeta, Andhra Pradesh, under the OPEX model. This is the third repeat order from Greenlam Industries, bringing their total shared solar capacity to 8 MWp. The installation supports Greenlam Industries' clean energy and sustainability goals, expected to offset approximately 4,800 metric tonnes of carbon dioxide emissions annually.

Scale indicators14 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Egger Group: European wood-based panels manufacturer producing laminates, chipboard, MDF, and engineered wood products for furniture and interiors. Directly comparable to Greenlam's laminate-and-chipboard portfolio and similar end markets.
• Kronospan: One of the world's largest producers of wood-based panels including particleboard/chipboard, MDF, and laminate flooring. Comparable as a global incumbent in chipboard and decorative surfacing where Greenlam is scaling.
• Wilsonart: Major North American manufacturer of decorative laminates, engineered surfaces, and panels serving commercial and residential customers. Comparable as a broad incumbent in decorative surfacing with overlapping product functionality.
• Pfleiderer: European producer of wood-based panels, laminates (HPL/CPL), and decorative surfaces for the furniture and construction industries. Comparable as a broad incumbent with overlapping laminate and engineered-wood products.
• Swiss Krono Group: European-based manufacturer of engineered wood panels and laminates with global distribution. Comparable product range in laminates, chipboard, and decorative surfaces for furniture and interior applications.
• Formica Group: Global leader in decorative laminates and surface materials with a broad architectural and commercial portfolio. Comparable as a global laminate incumbent that defines the premium surface category in which Greenlam competes as a top-three player.

Direct peers

• Greenply Industries: Direct competitor in the Indian plywood, decorative veneers, and laminates space, frequently cited alongside Greenlam as a peer in the same sector and even named alongside it in tax searches. Comparable in product mix, distribution model, and target customer (architects, interior designers, contractors).
• Century Plyboards (Century Textiles & Industries): Direct peer named alongside Greenlam as a key player in the Indian decorative veneer and plywood industry. Competes head-to-head in plywood, laminates, and engineered wood panels for residential and commercial interiors.
• Merino Group: Indian laminates and panel manufacturer identified as a peer of Greenlam in the decorative veneer/laminates category. Closely comparable in product mix and B2B distribution through architects and interior designers.

Emerging players

• Fundermax: European manufacturer of high-pressure laminates and compact panels for architectural and interior use. Comparable in specialty HPL/laminate product technology targeting architects and interior designers, though smaller in scale than top global laminate producers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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 Greenlam Industrie