Carysil Ltd

Carysil Ltd.

Carysil is a manufacturer and trader of a variety of kitchen and bath products including Quartz and Stainless Steel Kitchen Sinks, Tiles, Kitchen Appliances, and Accessories. The company has achieved several milestones in its field, including:

    The only Quartz Sink manufacturer in Asia

    Carysil is the only manufacturer of "Composite Quartz Sink" in Asia using German Technology that is patented by Schock. This technology is licensed to only four other companies worldwide.

    A Quartz Sink Capacity of 5,00,000

    The company has a total Quartz Sink capacity of 5L units and a Stainless Steel Sink capacity of 90,000 units per annum. The global capacity of "composite quartz sink" is around 50-55L, giving Acrysil a global market share of 9-10%. The company has enough land to reach 8L-9L sinks on the existing land. On 28 June 2021, the company announced an expansion of its production capacity of Quartz Kitchen Sinks from 7,00,000 units p.a. to 8,40,000 units p.a., an additional capacity of 1,40,000 units p.a. (20% of its existing production capacity).

    Expansion of Sink Capacity

    Carysil has constantly increased its quartz sink capacity from 2.25L units in FY12 to 5L units at the end of FY20. The company is going for another 20% expansion by adding 1L units to cater to the demand of global customers.

    Deal with IKEA

    Carysil has entered into a strategic partnership with IKEA Supply AG (Switzerland) for the manufacturing and supply of composite quartz kitchen sinks for their global requirements. The company will begin with Easter European countries and Russia first, then gradually move into other geographies.

    Geographical & Product Break-Up

    Around 80% of Carysil's revenue comes from export markets, and 73% of total revenues come from Quartz Sink products.

In summary, Carysil is a leading manufacturer of Quartz and Stainless Steel Kitchen Sinks, Tiles, Kitchen Appliances, and Accessories. The company has patented technology and is the only Quartz Sink manufacturer in Asia, with a production capacity of 5,00,000 units. Additionally, the company has a strategic partnership with IKEA for their global requirements and is expanding its sink capacity to meet the demand of global customers.

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