Date: July 11, 2026

General Company Details

  • Corporate Identity Number (CIN): L74999MH1934PLC002093
  • Year of Incorporation: 1934
  • Corporate Office: Level 3, Tower 14, Solitaire Corporate Park, Chakala, Andheri (E), Mumbai 400093
  • Paid-up Capital: ₹15,85,57,540 (1,58,55,754 Equity Shares of ₹10 each) as on March 31, 2026
  • Reporting Boundary: Standalone basis for Everest Industries Limited only
  • Contact for BRSR Queries: Mr. Niranjan Gokhale, Head Strategy (Email: Niranjan.gokhale@everestind.com, Phone: 022-69772000/2004)

Business Activities & Operations

Products/Services (90% of Turnover):

  • Manufacturing: Building Products (75% of turnover)
  • Construction: Steel Buildings (25% of turnover)

Product-wise Turnover Contribution:

  • Roofing Sheets: 54% (NIC Code 23593)
  • Boards: 21% (NIC Codes 16212, 16213, 23952)
  • Pre-Engineering Steel Buildings: 25% (NIC Codes 25111, 25112, 25119)

Operational Presence:

  • National: 8 plants + 5 offices = 13 locations
  • International: No plants or offices
  • Markets Served: 36 Indian states/UTs + 18 countries internationally
  • Export Contribution: 2.9% of total turnover

Employee Statistics

Total Workforce: 3,818 (924 employees + 2,894 workers)

Employee Breakdown:

  • Permanent Employees: 737 (689 male, 48 female - 93.5% male, 6.5% female)
  • Other than Permanent Employees: 187 (169 male, 18 female - 90.37% male, 9.63% female)
  • Total Employees: 924 (858 male, 66 female - 92.86% male, 7.14% female)

Worker Breakdown:

  • Permanent Workers: 533 (100% male, 0% female)
  • Other than Permanent Workers: 2,361 (2,323 male, 38 female - 98.39% male, 1.61% female)
  • Total Workers: 2,894 (2,856 male, 38 female - 98.69% male, 1.31% female)
  • Note: 536 workers assigned to Steel Building sites for erection work

Diversity Representation:

  • Board of Directors: 29% female (2 out of 7 directors)
  • Key Management Personnel: 33.33% female (1 out of 3 KMPs)

Turnover Rates (FY 2025-26):

  • Permanent Employees: 39% overall (42% male, 64% female)
  • Permanent Workers: 4% overall (4% male, 0% female)

Holding/Subsidiary Structure

1. Falak Investment Private Limited (Holding Company) - 50.22% ownership

2. Everest Buildpro Private Limited (Subsidiary) - 100% ownership

3. Everest Building Products (Subsidiary, Mauritius) - 100% ownership

  • Has subsidiary Everest FZE (UAE)

4. Everest Steel Buildings Private Limited (Subsidiary) - 100% ownership

CSR Applicability

  • CSR Applicable: Yes
  • Turnover: ₹1,354.24 crore
  • Net Worth: ₹523.01 crore

Grievance Redressal (FY 2025-26)

  • Shareholders: 13 complaints filed, 0 pending resolution
  • Employees/Workers: 1 complaint filed, 0 pending resolution
  • Customers: 26,253 complaints filed, 2,469 pending resolution (mainly business-related: breakage, returns)
  • Others (Whistleblower): 7 anonymous complaints filed, 0 pending resolution

Material Responsible Business Conduct Issues

The company identified 12 material issues with risk/opportunity assessment:

1. Energy & Emissions: Risk and Opportunity - 17% renewable electricity consumption, exploring solar installations

2. Water Management: Risk - Two facilities in semi-critical groundwater zones, Zero Liquid Discharge implemented

3. Waste Management: Risk - Evaluating alternative materials to reduce plastic consumption

4. Product Stewardship: Risk and Opportunity - Planning LCA and EPD certifications, 80% products GreenPro certified

5. Health & Safety: Risk - All sites ISO 45001 certified, HIRA implemented

6. Supply Chain Sustainability: Risk and Opportunity - Supplier Code of Conduct introduced, increasing domestic sourcing

7. Diversity & Inclusion: Opportunity - 29% female board representation, 7.14% female workforce

8. Business Ethics: Risk - Legatrix compliance system, Whistleblower mechanism

9. Human Capital: Opportunity - Focus on employee engagement and retention

10. Labour Relations: Risk - Structured engagement mechanisms

11. Risk Management: Opportunity - Comprehensive risk management strategy

12. Community Engagement: Opportunity - CSR initiatives in education, skills training, health

Principle-wise Performance Highlights

Principle 1 (Ethical, Transparent Governance):

  • 100% training coverage for Board, KMPs, employees and workers
  • No fines/penalties paid in proceedings with regulators
  • Anti-corruption policy implemented with comprehensive training
  • Accounts payable days: 70.20 days (vs 59.06 days previous year)

Principle 2 (Sustainable Products):

  • 100% of R&D and capex investments aimed at improving environmental/social impacts
  • Sustainable sourcing policy implemented, evaluating sustainable input percentages
  • EPR compliance: Managed 194 MT plastic waste through registered agencies

Principle 3 (Employee Well-being):

  • 100% health and accident insurance coverage for permanent employees
  • Retirement benefits: 100% PF coverage, 100% Gratuity coverage, 10% ESI coverage for employees
  • 100% return-to-work rate after parental leave for permanent employees
  • ISO 45001 certification achieved across all manufacturing plants
  • Safety incident: 1 fatality (contractual worker at ESBS site project)
  • Lost Time Injury Frequency Rate: 0.00 for both employees and workers

Principle 5 (Human Rights):

  • 79.76% employees received human rights training
  • Median remuneration: ₹8.05 lakh for female employees
  • 1 sexual harassment complaint filed, 0 upheld
  • 100% assessment coverage for child labor, forced labor, discrimination, wages

Principle 6 (Environmental Protection):

  • Total energy consumption: 322,717.6 GJ
  • Renewable energy: 171,565.23 GJ (53% of total)
  • Water withdrawal: 556,044 KL, Water consumption: 556,044 KL
  • Zero Liquid Discharge implemented across all manufacturing units
  • GHG Emissions: Scope 1 - 2,537.67 tCO2e, Scope 2 - 23,611.87 tCO2e
  • Total waste generated: 5,249.246 metric tonnes
  • Waste recovered: 4,734 metric tonnes (90% recovery rate)

Principle 9 (Consumer Responsibility):

  • Comprehensive consumer complaint mechanism through multiple channels
  • 14% of products carry environmental/social information
  • 3% of products carry safe usage information
  • No data breaches, cyber security policy implemented

Governance & Leadership

  • Board Approval: Policies approved by Board
  • ESG Oversight: Risk Management Committee responsible for ESG matters
  • Policy Review: Annual review by MD & CEO
  • External Assessment: IMS policies assessed by M/s. DQS

Financial Implications

  • Well-being measures cost: 0.17% of total revenue
  • Energy efficiency investments ongoing
  • Water conservation efforts showing positive financial implications
  • Waste management compliance maintaining operational continuity