Uniply to expand in North India

Apr 03, 2015 12:05 | Economy

Chandigarh, 2nd April Thursday, 2015 (Kulbir Singh Kalsi):-  

 One of the leading plywood companies in the country, Uniply IndustriesLimited, is on an expansion spree in Punjab and Haryana.Keshav Kantamneni, chairman and managing director of the company who recently acquired the company for Rs.126 crores, informed that company would be very soon go for public offer of 26% of the equity at Rs.13.50 share.

Keshav, a 32-year old investment banker and founder managing director of Globality Partners, decided to plunge into entrepreneurship by taking over the BSE-Listed Uniply by acquiring promoters’ holding of 36 percent.

Headquartered in Chennai with three manufacturing units, Keshav has plans to acquire manufacturing facilities for commercial ply in Punjab and expand its dealership network from current 22 to 35.

Size of plywood and veneer industry is pegged at Rs.20,000 crores at the moment in which organized sector holds only 30 percent of the market share, Keshav said. But with the GST coming into force, the unorganized sector would lose its undue competitive edge, he added.

Keshav Kantamneni is reaching out to each and every dealer across the country to re-engineer the entire business process, cut-down wastages, improve delivery mechanism, and generate consumer awareness to help
them make informed choices.

As Founder & CEO of Globality Partners, KK is responsible for originating and executing strategic transactions for publicly traded, sponsor-owned and privately-owned companies, and holds a Bachelors in Engineering from Anna University & an MBA from the Kellogg School of Management, Northwestern University.