India · Building materials startup

Magicrete Building Solutions

Magicrete Building Solutions is India's largest manufacturer of Autoclaved Aerated Concrete (AAC) blocks and a prominent provider of green building materials.

Funding reportedLast round: Private Equity

Building materialsSurat, India

About Magicrete Building Solutions

Magicrete Building Solutions is India's largest manufacturer of Autoclaved Aerated Concrete (AAC) blocks and a prominent provider of green building materials.

Founded in 2008 by alumni from IIT Kharagpur, IIT Delhi, and IIM Lucknow, the company is headquartered in Surat, Gujarat. Magicrete focuses on innovative construction technologies to help build homes that are better, cheaper, and faster. The company offers a wide range of products, including AAC blocks, AAC wall panels, dry-mix mortars, construction chemicals, and precast solutions. Magicrete serves various sectors within the construction industry, catering to residential developers, commercial construction firms, infrastructure projects, architects, and contractors. With a commitment to sustainability and energy efficiency, Magicrete is recognized as a pioneer in green building materials, aiming to enhance modern construction practices across India.

What company datasets say Magicrete Building Solutions raised

Funding, as reported

Reported in all14.5Min the source's currency
Last roundPrivate Equity
Last round size8M
Last round dateFeb 2023

Founders and team

From Magicrete Building Solutions's own website: 3 founders, 3 on the team.

Puneet MittalCo-Founder & Executive Director
Sidharth BansalCo-Founder & Executive Director
Sourabh BansalCo-Founder & Managing Director
  • Atul JhunjhunwalaPresident - Plant Operations
  • Birju ThakkarVP - Sales & Marketing
  • Mehul BagadiaVP - Finance & Accounts

The company, in detail

What they build

Known for

mass housing construction technologyindia construction marketmodular building componentsurban housingprefab construction for urban areasconstruction material marketingmodular construction for rural housingsupply chain efficiencysustainable building material supply chaininsulationthin bed mortarbuilding material r&dthermal insulationbuilding material suppliercommunity developmentdistribution

Built with from their website

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Sector
Building materials
Industry code
NAICS 327331, SIC 1742, 3271
Region
Gujarat
Revenue
87M a year, as listed
Full record
Every detail in the company directory

Building materials in India

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