# Magicrete Building Solutions: Building materials, Surat, India

> Magicrete Building Solutions: Magicrete Building Solutions is India's largest manufacturer of Autoclaved Aerated Concrete (AAC) blocks and a prominent...

Source: https://millionrounds.com/startup/magicrete-building-solutions (Millionrounds; every figure on the page links to its filing or article)

India · [Building materials startup](https://millionrounds.com/companies)

# 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 reported Last round: Private Equity

Building materials Surat, India

Company summary

- **Founded:** 2008 18 years old
- **Team:** 560 201 to 1,000 people
- **Funding reported:** 14.5M as listed, currency not stated
- **Last round:** Private Equity Feb 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Magicrete Building Solutions has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **14.5M** in the source's currency

Last round **Private Equity**

Last round size **8M**

Last round date **Feb 2023**

## Founders and team

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

**Puneet Mittal** Co-Founder & Executive Director

**Sidharth Bansal** Co-Founder & Executive Director

**Sourabh Bansal** Co-Founder & Managing Director

- **Atul Jhunjhunwala** President - Plant Operations
- **Birju Thakkar** VP - Sales & Marketing
- **Mehul Bagadia** VP - Finance & Accounts

## The company, in detail

What they build

Known for

mass housing construction technology india construction market modular building components urban housing prefab construction for urban areas construction material marketing modular construction for rural housing supply chain efficiency sustainable building material supply chain insulation thin bed mortar building material r&d thermal insulation building material supplier community development distribution

Built with from their website

Google Maps Google Tag Manager PWA YouTube Google Workspace CloudFlare Viewport Meta lite-youtube-embed Microsoft Dynamics 365 Business Central Google Meet

+8 more

CloudFlare CDN OWL Carousel Priority Hints Microsoft Exchange Cloudflare Insights Microsoft Azure Microsoft 365 Apps & Services Mobile Friendly

- **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](https://millionrounds.com/directory/magicrete)

## Building materials in India

Startups like it

- [**GLASS WALL SYSTEMS** Mumbai · founded 2003](https://millionrounds.com/startup/glass-wall-systems)
- [**mistry.store** Gurugram · founded 2022](https://millionrounds.com/startup/mistry-store)
- [**Sagar Cements (R) Limited** Yadiki](https://millionrounds.com/startup/sagar-cements-r-limited)
- [**mob (Mad Over Buildings)** Bengaluru · founded 2021](https://millionrounds.com/startup/mob-mad-over-buildings)
- [**Vectus Industries Ltd** Noida](https://millionrounds.com/startup/vectus-industries-ltd)
- [**rootefy.com** New Delhi · founded 2016](https://millionrounds.com/startup/rootefy-com)
- [**GreenFortune Windows and Doors** Hyderabad · founded 2022](https://millionrounds.com/startup/greenfortune-windows-and-doors)
- [**ZippMat** Bengaluru · founded 2021](https://millionrounds.com/startup/zippmat)

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