Kajaria Ceramics Limited has announced that its joint venture, Kajaria Ramesh Tiles Limited (KRTL), has incorporated a new wholly-owned subsidiary, K.R. Industries Private Limited (KIPL), in Nepal. This strategic move is designed to support and expand the business operations of the joint venture within the region. The incorporation process was completed on April 2, 2026, with an authorized and paid-up capital of INR 1,25,00,000.
Strategic Expansion in Nepal
As part of its efforts to strengthen its market presence in Nepal, Kajaria Ceramics Limited, through its joint venture Kajaria Ramesh Tiles Limited (KRTL), has officially established K.R. Industries Private Limited (KIPL). The new entity operates as a wholly-owned subsidiary of KRTL, ensuring dedicated focus on local business requirements and operational support.
Financial and Ownership Structure
The newly formed subsidiary, KIPL, has been incorporated with an authorized and paid-up capital of INR 1,25,00,000. Since Kajaria Ceramics Limited holds a 50% equity stake in the parent joint venture, KRTL, the company maintains an indirect shareholding of 50% in the newly created subsidiary. The cost associated with this equity interest is valued at INR 62,50,000.
Future Outlook
This initiative represents a strategic effort by the company to bolster its international footprint. By establishing KIPL, the organization aims to streamline its operations and provide more effective support to its existing business lines in Nepal. The company has confirmed that this transaction was settled via cash consideration.
Source: BSE
