BirlaNu plans $150 million investment to boost growth
BirlaNu, a company based in Delhi, plans to invest $150 million over the next three years to reverse a decline in its growth. The firm, which is part of the CK Birla Group and was formerly known as HIL Ltd, aims to become a $1 billion company by 2028. BirlaNu has experienced revenue and profit losses for the past two financial years, specifically in 2023 and 2024. The company is looking to expand its manufacturing capabilities and explore new business opportunities through acquisitions. Currently, it operates 31 manufacturing plants in India and two in Germany and Austria. Avanti Birla, the company’s president, stated that focusing on products like pipes, construction chemicals, and flooring will be essential for success. The company reported a slight revenue increase of 3% in the last quarter, reaching 805 crore, but its losses also grew from 7 crore to 35 crore compared to last year. BirlaNu's building solutions include various construction materials. Akshat Seth, the managing director and CEO, mentioned that they expect growth, particularly in their pipes segment, which is projected to expand by 70%. The company’s flooring brand, Parador, saw volume growth of 8-10% in Europe, despite a broader market decline. The firm acquired Parador in 2018 to enter the global flooring market, which currently contributes about 40% to its revenue, although it remains unprofitable. The company intends to strengthen Parador's presence in India and make it one of the top markets for the brand. Despite these plans, BirlaNu faces increasing competition from other companies in the building solutions sector, such as Everest Industries and Ramco Industries. BirlaNu's stock price has decreased by over 26% in 2025, compared to a 2% decline in the Sensex index. Moreover, a recent downgrade of BirlaNu’s loans by India Ratings and Research points to ongoing challenges in its business performance. Analysts note that difficulties in its European operations and a decline in domestic demand for roofing and solutions are contributing to the company's struggles.