Schueco International KG, is one of the leading building envelope specialists worldwide based out of Bielefeld, Germany
Alufit is one of India’s largest façade fabricators with manufacturing facilities in Bengaluru, Hosur and Mumbai
JV aims to achieve Rs 1000 crore annual revenue from Indian operations
Bengaluru, NFAPost: Schueco International KG, said it has agreed to buy a majority stake in Alufit International Pvt Ltd.
Schueco, one of the leading companies in building envelopes worldwide, with global expertise in windows, doors and façades said the consequent joint venture will accelerate the company’s focus on pursuing large commercial and infrastructure facade projects in India.
The joint venture will witness the coming together of one of the world’s leading aluminum systems specialists in Schueco and India’s largest aluminum façade fabricator. Pankaj Keswani will be the Managing Director of the JV, Alufit International Pvt. Ltd.
Schueco International KG CEO and Managing Partner Andreas Engelhardt said India is one of the most active markets for commercial and infrastructure development in the world.
“Our joint venture with Alufit gives us a strong platform to scale our growth in India. With a keen focus on quality and state-of-the-art manufacturing facilities, Alufit is a perfect partner for us in delivering sustainable solutions to large façade projects in India,” said Andreas Engelhardt.
Andreas Engelhardt said the company will work towards enabling sustainable buildings of the future that are backed by technologies and systems that focus on people and which are in harmony with nature.
Alufit International Pvt. Ltd Managing Director Pankaj Keswani added this is an important milestone for the entire Alufit family that has worked diligently towards establishing it as India’s go-to façade fabricator.
“Over the past three plus decades, Alufit has delivered more than 1000 projects of various size, scale and complexity with unwavering quality and professionalism. We are excited to partner with Schueco in offering developers and investors with solutions that will push the boundaries of innovation, service, and raise the bar for building envelops in India,” said Pankaj Keswani.
Founded in 1984, Alufit has witnessed and played an integral role in evolving India’s skyline. Alufit has transformed from its humble origins as an eight-member team to being a revered company for executing challenging projects from office complexes to IT parks to airports.
With three state-of-the-art manufacturing facilities strategically located in Bengaluru, Hosur, and Mumbai, the company has completed landmark projects including hospitality, World Trade Centers, IT parks and ITES campuses across the length and breadth of the country for developers, corporates and financial institutions.
As Schueco India celebrates 10 years, it will continue to focus and grow its existing business model under the leadership of Shyam Raghunandan, Managing Director, Schueco India. Schueco India develops and sells system solutions for windows, doors, façades, sliding systems, security technology and sun shading. Schueco offers consultation and digital solutions for all phases of a building project – from the initial idea through to design, fabrication and installation.