Esprit Stones Ltd Company Summary

Esprit Stones Limited was originally incorporated as Esprit Stones Private Limited, a Private Limited Company, dated October 19, 2016 issued by the Central Registration Centre. Subsequently, the Company got converted into a Public Limited Company and a fresh Certificate of Incorporation dated February 5, 2024 was issued by the Registrar of Companies, Rajasthan at Jaipur, recording the change in name of Company to Esprit Stones Limited. The Company is primarily involve in artificial quartz surfaces which is a luxurious substitute of natural marble and granite.The Company is promoted by two business houses from Udaipur, Rajasthan namely, Aravali group and Gattani group.

Within a short span of initial 5 years since becoming operationall, the Company from year 2017 to 2022, have expanded the manufacturing capacity and diversified its operations. Having set up its Quartz Surfaces Manufacturing Facility in 2017, it started the production of engineered quartz with a single press line and a polish line capable of producing around 24 lakhs sq.ft. engineered quartz per annum.

Additionally, Company commissioned the manufacturing facility for production of quartz grit and quartz powder which is the primary raw material for manufacturing of engineered quartz. Thereafter, to further reduce the dependency on third-party raw material suppliers of unsaturated polyester resin, Company, through its Subsidiary namely, Addwaya Chemicals, started manufacturing of unsaturated polyester resin having an annual capacity of around 18 thousand metric tonnes. As a result of this backward integration, Company gained a better control on quality of key raw materials.

In 2022, Company through another Subsidiary, Haique Stones Private Limited (HSPL) commenced manufacturing and processing of engineered marble surfaces with one pressing line, 2 gangsaw and 1 polishing line and having an annual capacity of around 74 lakhs sq. ft.Initially, the business of the Company was only export based. However, to capitalise the growing demand of Engineered Stones in domestic market, Company launched its premium brand Haiqu which was later renamed as Haique.

The Company launched the IPO of 57,95,200 equity shares of Rs 10 each by raising funds of Rs 50.35 Crores through fresh issue on July 30, 2024. In 2025, Company started one of its Showroom cum Experience center at marble city Kishangarh, Rajasthan..