Merino Industries Unlisted Share Price

Merino Industries Share Price and Unlisted Shares - Company Overview

Merino Industries Limited is a versatile manufacturer of Interior Solutions with a wide range of products for homes, offices, and commercial and public areas. Merino Industries Limited is one of the world’s leading manufacturers and exporters of decorative laminates for interior applications. The Merino group is not limited to laminates and panel products. The company has also extended its arms in Information Technology and Food & Agro products industry.

Merino Industries Limited is headquartered in Kolkata, West Bengal, and has a presence in over 80 countries across 5 continents. It has a network of more than 1,080 dealers across pan India.

The company entered the business of Interior solutions in 1974 and launched plywood as its first product. Merino Industries Limited possesses 4 Manufacturing facilities. The company’s first manufacturing unit was established in Hapur, Uttar Pradesh. Later they built three more facilities in ‘Hosur, Tamilnadu’, ‘Dahej, Gujarat’, and in ‘Rohad, Haryana’. The Group possesses India’s largest manufacturing laminate capacity of 215 Lakh sheets per annum.

Some of the prominent places where the products of Merino Industries Limited are used are ‘Golden Temple, Amritsar’, ‘Hilton Hotels, Jaipur’, ‘Delhi Metro Railway Corporation’, ‘IIM Ahmedabad’, and many more. 

Merino stocks are available in unlisted shares. Merino Industries share price is unstable, it is not fixed. Merino Industries share price keeps changing on daily basis.

Merino Industries Share Price, Unlisted Share Details as of March 31, 2024

Incorporation Details of Merino Industries

Principal Business Activities of Merino

Board of Directors of Merino

Mr. Rup Chand Lohia, Executive Chairman

Mr. Prakash Lohia, Managing Director

Miss Ruchira Lohia, Wholetime Director

Mr. Prasan Lohia, Wholetime Director

Mr. Bikash Lohia, Wholetime Director

Mr. Madhusudan Lohia, Wholetime Director

Mr. Nripen Kumar Dugar, Wholetime Director

Dr. Gautam Bhattacharjee, Independent Director

Mr. Sisir Kumar Chakrabarti, Independent Director

Mr. Bama Prasad Mukhopadhyay, Independent Director

Particulars of Subsidiary and Associate Companies of Merino

Merino Industries Limited does not have any subsidiary and associate companies.

Shareholding Pattern of Merino (As on 31-03-2024)

Industry Outlook of Merino

The global decorative laminates market is estimated to reach US$7.97 billion at a CAGR of over 5.0%  by the end of 2025. The growth of the global market is primarily driven by the increasing application of decorative laminates in the construction industry. In addition, the low maintenance and installation costs of decorative laminates are also expected to fuel the global market growth.

Furthermore, the technological advancements in printing techniques and manufacturing environmentally-friendly laminates are likely to offer immense growth opportunities for the market players. However, the volatile raw materials prices are expected to hamper the growth of the global decorative laminates market in the coming years.

The decorative laminates market in India has witnessed significant growth in recent years. Decorative laminates, due to their excellent properties, such as water resistance, huge variety, durability,microbe-resistant, and ease of maintenance are used in a wide range of applications such as cabinets, furniture, countertops, and wall panels.

The demand for general-purpose decorative laminates is high in all regions due to their easy availability and the high disposable income of consumers. Decorative laminates are used in various end-use sectors such as residential, non-residential, and transportation. Based on the end-use sector, the non-residential segment is projected to lead the decorative laminates market during the forecast period. This is mainly due to the high volume consumption of decorative laminates in non-residential buildings as compared to residential buildings.

The increasing focus of the government for low-cost housing and infrastructure development, coupled with the growth in the construction and furniture industry in the country is believed to benefit the expansion of the Indian plywood and laminates market.

Additionally, increasing demand for laminates in various end user industries, such as the furniture industry, real estate industry, coupled with the rapid urbanization in the country are some of the factors anticipated to promote towards the growth of the Indian laminates market.

Moreover, the Goods and service tax (GST) has resulted in lowering the price difference of the plywood and laminates sector between the organized and unorganized sectors, which is also anticipated to be one of the major key factors contributing towards the growth of the Indian plywood and laminates market.

FAQs on Merino

Q1. Is Merino a listed company?

A1. No, Merino is an unlisted company.

Q2. Who is owner of Merino?

A2. Deepak Lohia is the owner of Merino.

Q3. Is Merino an Indian company?

A3. Yes, Merino is an Indian company registered in Kolkata.