Saurashtra Cement
Saurashtra Cement Limited is an Indian cement and building materials manufacturer under The Mehta Group, headquartered in Ahmedabad, Gujarat. It produces Hathi Cement and the Snowcem Paints coatings portfolio, serving construction and infrastructure buyers through dealer and contractor networks across Gujarat.
- Company typePublic
- Founded1956
- HeadquartersAhmedabad, India
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Saurashtra Cement does
Saurashtra Cement Limited is an Indian cement and building materials manufacturer headquartered in Ahmedabad, Gujarat, founded in 1956 and publicly listed. The company operates as part of The Mehta Group with Mohinder S Gilotra as founder and managing director, and its primary cement brand is Hathi Cement. Its geographic focus is Gujarat and surrounding regions of India, distributed through an established dealer and contractor network. The company also operates the wholly-owned Snowcem Paints sub-brand, which has historically been associated with exterior cement paints and is being repositioned as a broader coatings franchise.
The company's core business is the manufacturing and sale of cement products under the Hathi Cement brand, supplemented by the Snowcem Paints portfolio of interior emulsions, waterproofing solutions, textures, putties, primers, specialty coatings, and exterior cement paints. The underlying technology is conventional cement manufacturing and coatings formulation. Product surface has been intentionally widened on the paints side, anchored by the June 2026 'Rangon Ki Virasat' long-term brand initiative supported by brand ambassador Juhi Chawla. Distribution runs through regional dealer and contractor channels targeting builders, contractors, infrastructure companies, and homeowners.
Saurashtra Cement earns revenue primarily through one-time product sales of cement and paints to construction and infrastructure customers. Reported FY2026 (year ending March 2026) annual sales were Rs 1,666.04 crore, up 8.35% year-on-year, with full-year net profit of Rs 14.42 crore up 106.59% year-on-year, though Q4 FY2026 showed revenue down 6.57% YoY and net profit down 42.78% YoY. In February 2026 the company entered a five-year agreement with Zaggle Prepaid Ocean Services to deploy the Zaggle Save platform for employee expense management. The company's largest prior institutional shareholder, Fairfax India Holdings, divested its full 51% stake in December 2025 for $74.6 million in gross proceeds, leaving the current controlling shareholder undisclosed in the available data.
Saurashtra Cement firmographics
Firmographics- Name
- Saurashtra Cement
- Legal name
- Saurashtra Cement Limited
- Website
- https://hathi-sidheecements.com
- Company type
- Public
- Founded year
- 1956
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Saurashtra Cement Limited is an Indian cement and building materials manufacturer under The Mehta Group, headquartered in Ahmedabad, Gujarat. It produces Hathi Cement and the Snowcem Paints coatings portfolio, serving construction and infrastructure buyers through dealer and contractor networks across Gujarat.
- Ownership category
- akta.pro rank
Saurashtra Cement industry classification
Industry- Product category
- Cement Manufacturing
- NAICS
- Cement Manufacturing (327310), Cement and Concrete Product Manufacturing (3273)
- SIC
- Cement, Hydraulic (3241), Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)
- akta.pro primary industry
- Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)
- akta.pro secondary industries
- Textured Wall Finishes (Plasters, Stucco, Tadelakt) (IMADAKAH), Construction Sealants (Joint, Façade & Perimeter) (IMADAOAB)
Keywords
Where Saurashtra Cement is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Markets served
Saurashtra Cement business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Cement Sales: Manufacturing and sale of cement products including Hathi Cement brand. The company operates as a cement manufacturer in Gujarat, India.
Distribution channels1 record
Marketing channels1 record
Saurashtra Cement product offering
Product offeringCore offering
Saurashtra Cement Limited manufactures and sells cement products under the Hathi Cement brand and a diversified range of paints and coatings under the Snowcem Paints brand. The company's portfolio includes exterior cement paints, interior emulsions, waterproofing solutions, textures, putties, primers, and specialty coatings, serving construction, infrastructure, residential, and commercial building projects primarily in Gujarat, India.
Product overview
Saurashtra Cement Limited operates primarily as a cement manufacturer, producing Hathi Cement as its core product brand under The Mehta Group. The company has diversified into the paints segment through its Snowcem Paints sub-brand, which has expanded beyond its original exterior cement paints to offer a full range of coating solutions including interior emulsions, waterproofing solutions, textures, putties, primers, and specialty coatings.
Differentiator
Problem solved
Functional benefit
Brands
- Snowcem Paints: Brand under Saurashtra Cement Limited offering interior emulsions, waterproofing solutions, textures, putties, primers, specialty coatings, and exterior cement paints
Products and services
- Hathi Cement
- Snowcem Paints
Companies that use Saurashtra Cement
Customer profileSegments1 record
Ideal customer profiles1 record
Saurashtra Cement technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Saurashtra Cement partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Zaggle Prepaid Ocean Services LimitedcoreFive-year agreement with Zaggle Prepaid Ocean Services to deploy the Zaggle Save platform for employee expense management and benefits services. The deal adds a long-term revenue stream and demonstrates growing demand for digitalized employee spend tools in Indian corporates.
Scale indicators5 records
Recent moves4 records
Expansion highlights4 records
Saurashtra Cement competitors and assessment
Company assessmentDirect peers
- Shree Cement: Listed Indian cement manufacturer with operations across multiple regions, known for capital efficiency and strong margins. Comparable to Saurashtra as a public Indian cement peer competing for the same end-customers, though with significantly higher scale.
- India Cements: Listed Indian cement manufacturer with strong South India presence, historically focused on regional dominance. Comparable to Saurashtra as a mid-sized listed Indian cement company competing in commodity cement markets.
- JK Cement: Indian cement and wall putty manufacturer with grey and white cement operations. Particularly relevant as a peer given the white cement and wall putty adjacency to Saurashtra's Snowcem paint and putty offerings.
- Birla Corporation: Indian cement manufacturer with multi-state operations under the MP Birla Group. Listed cement peer with comparable end-market exposure to construction and infrastructure demand in India.
- Dalmia Bharat Limited: Mid-to-large Indian cement producer with a multi-regional footprint and listed status. Directly comparable to Saurashtra on Indian cement manufacturing economics, with overlap on construction and infrastructure customers.
Broad incumbents
- Ambuja Cements: Major Indian cement manufacturer (Adani/Holcim heritage) with strong West and North India presence including Gujarat. Directly comparable on cement manufacturing economics and Gujarat market exposure, though at materially larger scale than Saurashtra.
- UltraTech Cement: India's largest cement manufacturer with pan-India capacity and a broad product portfolio. It is the dominant price-setter in the Indian cement industry and a comparable for any domestic cement producer, including Saurashtra, although it is materially larger and far more geographically diversified.
- ACC Limited: One of India's oldest cement manufacturers with a national footprint and a long heritage brand, comparable to Saurashtra's Hathi Cement in legacy positioning. Overlapping product categories and shared exposure to Indian construction demand make it a direct read-across peer.
Others
- Snowcem Paints (within Saurashtra) / Berger Paints: Berger Paints is a major Indian decorative paints player, comparable to Saurashtra's Snowcem Paints subsidiary which has expanded into interior emulsions, waterproofing, textures, primers and specialty coatings. Both compete in the Indian decorative and specialty coatings market.
Regional players
- HeidelbergCement India: Subsidiary of Heidelberg Materials operating cement plants in Central India. Comparable to Saurashtra as an Indian-listed single-brand cement producer with a regional concentration, though not overlapping Gujarat geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Saurashtra Cement financial estimates
Financial estimateRevenue estimate
Valuation estimate
Saurashtra Cement leadership team
Management profileNumber of profiles
Profiles1 record
Saurashtra Cement subsidiaries and ownership
Company hierarchySubsidiaries1 record
Saurashtra Cement funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Saurashtra Cement M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Saurashtra Cement
What does Saurashtra Cement do?
Saurashtra Cement Limited manufactures and sells cement products under the Hathi Cement brand and a diversified range of paints and coatings under the Snowcem Paints brand. The company's portfolio includes exterior cement paints, interior emulsions, waterproofing solutions, textures, putties, primers, and specialty coatings, serving construction, infrastructure, residential, and commercial building projects primarily in Gujarat, India.
Is Saurashtra Cement a public or private company?
Saurashtra Cement is a public company. It is classified as public and is currently operating.
When was Saurashtra Cement founded?
Saurashtra Cement was founded in 1956. It employs 501 to 1,000 people.
Where is Saurashtra Cement based?
Saurashtra Cement is headquartered in Ahmedabad, India, in the Asia region.
How does Saurashtra Cement make money?
One revenue line is on record: cement Sales.
Who are Saurashtra Cement's main competitors?
Direct peers on record are Shree Cement, India Cements, JK Cement, Birla Corporation and Dalmia Bharat Limited. Broad incumbents are Ambuja Cements, UltraTech Cement and ACC Limited. Snowcem Paints (within Saurashtra) / Berger Paints is listed as an others. HeidelbergCement India is listed as a regional player.
Does Saurashtra Cement have an API?
No public API is recorded for Saurashtra Cement.
What industry is Saurashtra Cement in?
Saurashtra Cement's product category is Cement Manufacturing. Its primary akta.pro industry code is IMADAAAG, Cement Manufacturing (Portland, Blended & Specialty), with a secondary code of IMADAKAH, Textured Wall Finishes (Plasters, Stucco, Tadelakt). Its NAICS code is 327310 and its SIC code is 3241.