Everest Industries

Everest Industries Limited is an Indian building-products company headquartered in Mumbai, with its registered office in Nashik district, Maharashtra. It was founded in 1934 under the name Asbestos Cement Ltd and is listed on India's two main stock exchanges, the BSE and NSE.

Name changes

• 1934: Founded as Asbestos Cement Ltd.
• 1983: Renamed Everest Building Products Ltd and listed on the Bombay Stock Exchange.
• 1990: Renamed Eternit Everest Ltd.
• 1995: Listed on the National Stock Exchange of India.
• 2003: Adopted the name Everest Industries.

The 1990s name reflects the company's place in the international family of fibre-cement producers that used the Eternit name, which descends from the Hatschek fibre-cement process.

Products

• Fibre-cement roofing sheets: corrugated sheets, colour-coated sheets and "cool roofing" sheets designed to reduce heat gain.
• Boards and panels for walls, ceilings, cladding and mezzanine flooring.
• Pre-engineered steel buildings (PEBs), produced at plants in Roorkee (Uttarakhand), Ranchi (Jharkhand) and Dahej (Gujarat).

Context

Corrugated fibre-cement sheets are used in India on homes, farm buildings and small industrial units, fixed to light steel or timber frames. As the company's original name shows, the industry historically used asbestos as reinforcement. Fibre-cement sheets compete with coated steel sheets, which are made by companies such as Tata Steel and JSW Steel. The company's colour-coated and cool roofing sheets are aimed at reducing heat gain inside buildings in hot climates.

Listing

As a listed company, Everest reports to Indian stock exchanges and lists four subsidiaries.