Revenue Revenue
Revenue Revenue
Revenue Revenue
expanding down South by setting up a manufacturing unit in Tamil Nadu. This unit is
expected to be operational by financial year 2015. The expansion plan of the company will
take it closer to its target of becoming a Rs 500 crore firm by FY2017, said senior officials of
the company. The company that has two manufacturing units-one each in Surat and Delhi
has a total capacity 800,000 cubic meters per year, is the second largest players in the AAC
segment. A cubic metre refers to 600 bricks or one AAC block.
The two centres we have as of now, cater to two regions of the countryNorth and West.
With the third centre we will be able to better handle demand from the Southern India, said
P V S Srikant, Persident marketing, Magicrete Building Solutions.
The company which clocked revenue of Rs 100 crore in FY2013 is aiming to tack its revenue
to Rs 500 crore by FY2017. Globally use of AAC blocks in construction is a norm. In India,
where the brick market is estimated to be Rs 50,000 crore, AAC blocks is market is just about
Rs 500 crore. Add to this the brick market is completely unorganized, added Srikant. He
further added that AAC market opportunity is expected to be a Rs 5,000 crore market in the
next five years.
Though AAC blocks have been available over three decades there are just about 35
operational plants in India, compared to 3,000 in China.
The company that started its operations in 2009 claims to have a market share of 20 per cent,
second only to Biltech, an Avantha Group firm. Other than being cheaper to traditional
bricks, AAC blocks also allows saving of up to 15-20 per cent on construction cost, said
Srikanth.
The company which is also planning to set up a manufacturing unit in Mumbai in future, is
targeting real estate development in other areas of Maharashtra. We work with several
players in Pune. The city is one-fourth the size of Mumbai and we are expecting similar
demands in Pune. We are also eyeing cities like Kolhapur, Solapur, Nagpur in near future, he
added.
DLF, L&T, Lodha, Shaporji Pallonji, Kalpataru are some of the builders that Magicrete works
with. In Pune it has supplied AAC blocks for projects done by Panchshil Reality, and Goel
Ganga Group among others.
Other than providing AAC blocks, Magicrete is now moving to become a supplier of end-toend building materials and prefabricated construction technologies. Six month back the
company introduced two more productsMagicBond, a block joining adhesive and
MagicPlast, a single coat gypsum plaster. About 10 per cent of sand gets wasted at
construction site. With MagicBond we are saying the usage of sand will be less and since we
provide a complete kit of factory mixed mortar, no jobsite blending ofpowder is required,
said Srikanth.
o Total energy consumption for producing Biltech ACE is less than of what it
takes to produce other building material.
2. Lightweight
o 3-4 times lighter than traditional bricks, therefore, easier and cheaper to
transport.
o A Biltech ACE block weighs approximately 50% less than a standard CMU
block.
A Biltech ACE panel weighs approximately 30% of standard cast-in-place
concrete.
o Usage reduces overall dead load of a building, thereby allowing construction
of taller buildings.
4. Fire Resistant
o Non-combustible and fire resistant up to 1600 C.
o Can withstand up to 6 hours of direct exposure.
5. Acoustic Performance
o Superior sound absorption qualities due to porous structure of blocks.
o Offers sound attenuation of about 42 dB, blocking out all major sounds and
disturbances.
o Ideal for schools, hospitals, hotels, offices, multi-family housing and other
structures that require acoustic insulation.
7. Seismic Resistant
o Lightweight blocks reduce mass of a structure, thus decreasing the impact of
an earthquake on a building.
o Non-combustible nature provides an advantage against fires, which commonly
accompany earthquakes.
8. Precision
o Available in exact sizes.
o Results in smooth walls with perfect contact between different elements.
o Reduces cement and steel usage.
9. Termite/Pest Resistant
o Due to structure of blocks, Biltech ACE cannot be damaged or infested by
termites and other pests.