About Us
The Company was engaged in business of manufacturing, producing and marketing of granites and monuments having a sole manufacturing facility in Tindivanam, Tamilnadu. The stiff competition from various domestic and international players especially from China posing a serious threat to the business sustainability of the Company, the situation was further aggravated by the strike of workers followed by a lock-out at the plant in 2008. Though the management have been able to execute a memorandum of settlement with workers, the global economic recession made the turnaround impossible compelling the sale of the plant and machinery and other fixed assets (excluding land and building) of the Company to avoid their further deterioration and obsolescence.
The management has been striving to chalk out a new sustainable venture, meanwhile the company continues to let out part of its factory shades and office space to generate revenue to the possible extent and to abate the loss.