- **HRS Aluglaze is a façade company that wraps buildings in aluminium and glass - designing the skin, making it in its own factory, and installing it on site - so that architects and developers deal with one party from first sketch to final handover. It started in 2012 as a regional fabricator in Gujarat, was listed in December 2025, and along the way brought every step in-house: design engineering, CNC cutting, powder coating, assembly, and installation crews. The recurring idea is backward integration - own the process end-to-end, cut out third-party workshops, and turn that control into faster delivery, lower cost, and repeat clients who account for roughly 80% of revenue.** # Business segments A single integrated business - designing, fabricating and installing aluminium-and-glass building envelopes - where the factory feeds the project pipeline and the project pipeline feeds the factory. ## 1. Façade solutions: the building's skin, from screen to street **The company earns by winning project contracts to design, manufacture and install the entire outer envelope of a building - curtain walls, windows, cladding and railings - and then delivering that scope with its own factory and its own crews.** - **One contract, one throat to choke** - a typical project runs from client engagement and value-engineering consultancy through detailed design, material procurement, in-house powder coating, CNC fabrication, assembly, dispatch, on-site installation and final inspection, so the developer gets a single accountable party rather than coordinating multiple vendors. - **The factory is the moat** - the Bavla, Ahmedabad facility houses 30-plus CNC machines, a 65-metre automated glazing line, a seven-tank pre-treatment powder-coating plant, and a uPVC line, giving the company structural cost leadership because it does not pay outside fabricators or coaters. - **Certifications open doors** - ISO 9001:2015 and the government's MSME ZED Bronze (Zero Defect Zero Effect) certification pre-qualify the company for premium green-building and government tenders, while a "White Category" environmental classification signals negligible emissions and simplifies regulatory clearances. - **Repeat clients are the growth engine** - roughly four-fifths of revenue comes from developers who come back, a stickiness the company attributes to value-engineering advice early in the design phase and the high switching cost of re-tendering a complex façade package. - **Geographic reach is widening** - the company started in Gujarat and has since entered Maharashtra, Telangana, Tamil Nadu and West Bengal, with Tamil Nadu alone accounting for over 90% of geographic revenue in the most recent period, reflecting a concentrated beachhead that it is now expanding into Andhra Pradesh and eastern India. # Group structure and partners **The company has built a two-entity structure - a listed parent and a recently acquired subsidiary - to separate its core project-execution business from a specialist design-and-precasteering unit, while a second subsidiary extends its reach with an external technical partner.** - **Geotrix Building Envelope - bought, not built** - in February 2026 the company acquired the business unit of Geotrix Building Envelope Private Limited on a slump-sale basis for ₹6.7 crores, taking over a going concern that had already delivered more than 71 projects and executed 5.69 lakh square metres of façade area since its founding in 2011, adding architectural precast and engineering-outsourcing capabilities to the group. - **Geotrix Private Limited - a 67% stake with a technical partner** - incorporated in February 2026 with an authorised capital of ₹10 lakh, this subsidiary is 67% owned by HRS Aluglaze and 33% by a former vice-president of Permasteelisa Pacific, and operates under an exclusive licence to use the parent's assets valued at ₹80.4 lakhs per annum, effectively creating a separate vehicle for fabrication and trading that leverages the parent's factory while bringing in specialist façade-engineering talent.