India’s Top 500 Companies 2022

INDIA’S TOP 500 COMPANIES 2022 353 Advertorial to a count of 150 items. The Company manufactures the cPVC Pipes at four of its manufacturing locations and cPVC Fittings at two of its manufacturing locations. The Company plans to start three new manufacturing units at new locations viz. Guwahati (Assam), Cuttack (Odisha) and Perundurai (Tamil Nadu) for Plastic Pipes, Hoses, Water Tanks, Septic Tanks etc. a) Consumer Products: The company’s furniture products are utilized in schools, colleges, hotels, restaurants, decorators, marriage places etc. The company manufactures furniture made with all three different processes i.e., Injection Moulding, Blow Moulding and Roto Moulding. During FY22, Company introduced 12 New models during the year of various furniture items comprising of chairs, tables, cupboards & baby furniture. The company’s retail penetration can be gauged through its strong alliance with 14522 retailers who are serviced through its network of 1306 channel partners. Supreme also sells its furniture products through e-commerce websites and also exports to various countries. Industrial Products: Under this segment, the company caters widely to the industrial components (appliances and automotive sectors), material handling (retail, FMCG, automobiles, industrial sectors) and composite LPG cylinder segments. In the composite LPG cylinder business. The Company has successfully participated and received Letter of Intent (LOI) for supply of 7,35,186 Nos of 10 Kg. capacity Composite LPG Cylinders valuing about ` 170 Crores from Indian Oil Corporation Limited (IOCL), one of the leading government oil marketing Company. Supplies have commenced from March 2022 and bulk of the order quantity shall be delivered in the current year. b) Packaging Products: Under this segment, the company manufactures packaging films and protective packaging for sports goods, electronics, white goods, textiles, transport, healthcare, toys, insulation and construction. Supreme’s product portfolio includes thermoplastic PE foam sheets and profiles, cross-linked and blended PE foams (block & extruded), as well as air bubble films and composites, as well as customize products. Strong Presence Driving Growth The Company is operating from 25 manufacturing sites across 12 States and Union Territories. The Company has taken up of Three Green Field Projects primarily for Plastics Piping System in the States of Assam, Odisha and Tamil Nadu. Same are likely to be in operation during first half of current year. Supreme has an extensive distribution network with its active channel partners amounting to 4,053 in March 2022. The company also operates depots and fabrication facilities to service customers, with 36 depots and fabrication facilities for various products group. The company has also established multiple knowledge centres across the country to train plumbers and to interact with farmers, architects and plumbing consultants. Presently, these centres are operative at Gadegaon, Kochi, Malanpur and Kharagpur. Apart from catering to the domestic market, the company exports its products to various countries. During FY22, the company exported goods worth US$ 29.11mn. Renewable Energy- a way forward The Company is committed and has taken very focused steps to ensure that it uses more and more green and renewal energy and becomes more environmental friendly. Roof top solar capacity of the Company has almost doubled from 8.61 Mwp FY(20-21) to 17.09 Mwp during the year FY(21-22) i.e. increase of 8.480 Mwp successfully commissioned at various units. Further commissioning of 6.22 Mwp Roof Top Solar Power is in progress at various units & shall become operational in April/ May 2022. Company also signed PPA of 3.5 Mwp Group Captive Solar Power for its units in U.P. which is likely to be operational by September, 2022. Company is also using and exploring ways to increase uses of wind energy. During the year 102.84 Lakh wind units were consumed by different units across India which constitutes 3.85 % of Company’s total energy consumption. Further, Company also signed PPA of 70 Lakh Hybrid Units PA for its two units located at Halol in Gujarat. Company plans to further invest about ` 40 Crs. during the year for Solar energy installations and would also increase usage of renewable energy sources through open access/Group Captive or apex mode. During the year Company could achieve usage of about 12% of its total energy consumption through renewable energy sources and it aims to achieve 20% target by end of financial year 2022-23. The Company aspires to be carbon neutral at the earliest feasible and would pursue this vision in a focussed manner by taking various effective steps and allocating more resources. CAPEX The Company, during the year 2022-23, has plans to commit capex of about ` 700 crs. including carry forward commitments of ` 280 crs. at the beginning of the year. Innovative Technology Continuous auto-punching machine along with online kiss cutting facility design developed in-house and installed at Urse Unit II which has benefitted in manpower reduction and wastage reduction. Density range in Litecell section has also been increased which has helped to offer new range of products in markets such as Yoga Brick and Cricket Ball. Development team has worked on XLPE product formulation and laminates to develop a new grade of XLPE, which has passed the required criteria of ASTM standard E-84 Class A rating with FSI and SDI Value 25/50, which is a main Requirement to start Export business of Insulation material in UAE Dun & Bradstreet