Glass Wall Systems

Mumbai, India Founded: 2003 • Age: 23 yrs Listed
Manufacturer of aluminium glass elements and offers architectural designing services
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About Glass Wall Systems

Glass Wall Systems is a publicly listed company based in Mumbai (India) founded in 2003 by Jawahar Hemrajani. Manufacturer of aluminium glass elements and offers architectural designing services. Glass Wall Systems has raised $12.65 million across 1 funding round from investors including India Business Excellence Fund and Motilal Oswal Alternates. The company has 334 employees. Glass Wall Systems was last valued at $40.21 million in June 2014. Its Indian entity Glass Wall Systems (India) Limited reported revenue of ₹471 Cr. Glass Wall Systems offers products and services including Facade Solutions and Glazing Systems. Its focus areas include Real Estate and Construction, Construction Contractors, Specialist and Facade.

Company details

Glass Wall Systems was established in 2003 in Mumbai, India. Operations focus on the manufacturing of aluminium and glass elements for construction applications. Architectural designing services are provided to support project development. The company serves the building materials sector, with activities centered in the Indian market. Key personnel include founder Jawahar Hemrajani and managing director Amit Hemrajani.

  • Headquarters Mumbai, India
  • Employees 334
  • Founders Jawahar Hemrajani
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website glasswallsystems.in
  • Social LinkedIn X Facebook Instagram
  • Legal Name Glass Wall Systems (India) Limited
Operational Areas
Real Estate & Construction → Building Design & Architecture
Real Estate & Construction → Construction & Project Management
Key Metrics
  • Market Cap
    ₹2,209 Cr

    GLASSWALL · NSE

  • Share Price
    ₹251.25

    -0.17% today

  • Revenue
    ₹457 Cr

    FY 2025-26 · +64.2% YoY

  • EBITDA
    ₹105 Cr

    Margin 23.0%

  • Net Profit
    ₹81.74 Cr

    FY 2025-26 · +53.6% YoY

  • P/E (TTM)
    24.8x

    P/B 6.1x

  • ROE
    38.6%

    ROCE 50.1%

  • Debt / Equity
    0.03

    Interest cover 3.5x

  • Total Equity Funding
    $12.65M (USD)

    in 1 rounds

  • Latest Funding Round
    $12.65M (USD), Series A

    Jun 2014

  • Investors
    Motilal Oswal Alternates

    & 1 more

  • Employee Count
    334

Products & Services of Glass Wall Systems

Glass Wall Systems offers a comprehensive portfolio of products and services, including Facade Solutions and Glazing Systems.

Facade Solutions
Architectural Products

Turnkey architectural facade solutions are provided that translate client visions into reality through design and manufacturing processes

Glazing Systems
Engineering Services

Custom-designed architectural metal works and glazing systems are offered for various projects, including international ones

Funding Insights of Glass Wall Systems

Glass Wall Systems has successfully raised a total of $12.65M through 1 strategic funding round. The most recent funding activity was a Series A round of $12.65 million completed in June 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $12.65M
  • Total Rounds 1
  • Last Round Series A — $12.65M
  • First Round $12.65M

    (Jun 2014)

  • Investors Count 2

All 1 funding rounds of Glass Wall Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2014$12.65MSeries A$40.21M–
India Business Excellence Fund, Motilal Oswal
Valuation history
DateValuationStage
Jun 2014$40.21M••••••••

Last known valuation $40.21M (Jun 2014). 2 investors in total: 2 institutional.

Investors in Glass Wall Systems

Glass Wall Systems has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include India Business Excellence Fund and Motilal Oswal Alternates.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
India Business Excellence Fund
Private equity firm focused on multiple sectors
Motilal Oswal Alternates
Motilal Oswal Alternates is engaged in alternative investment management.
motilaloswalalt.comMumbai, India
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Investor details for Glass Wall Systems

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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  • Round participation
  • Investor portfolios
  • Co-investor network

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Board of directors of Glass Wall Systems (India) Limited (Glass Wall Systems)

Glass Wall Systems (India) Limited is the primary company behind Glass Wall Systems. The board of Glass Wall Systems (India) Limited currently have 6 directors; the longest-serving is Jawahar Hariram Hemrajani, appointed in 2010. 13 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Jawahar Hariram Hemrajani
DIN 00740482
Whole-time director27 Aug 201016 yrs 2 moGlass Wall Systems (India) Limited
Eshan Jawahar Hemrajani
DIN 02987292
Managing Director26 Sep 201412 yrs 1 moGlass Wall Systems (India) Limited
Prakash Bagla
DIN 03043874
Director26 Sep 201412 yrs 1 moGlass Wall Systems (India) Limited
Sunaina Rohit Gera
DIN 07763740
Director21 May 20251 yr 5 moGlass Wall Systems (India) Limited
Siddharth Nandkishore Bafna
DIN 00689925
Director21 May 20251 yr 5 moGlass Wall Systems (India) Limited
Nandita Khurana
DIN 09703228
Director22 Jul 20251 yr 3 moGlass Wall Systems (India) Limited

People of Glass Wall Systems

22 people are tracked at Glass Wall Systems (6 in leadership, 16 in team); the tracked headcount is 334.

NameRoleGroup
Jawahar Hemrajani
FounderLeadership
Amit Hemrajani
Managing Director & DirectorLeadership
Kj Bhuri
CEOLeadership
Sanjay Sawant
Chief Financial OfficerLeadership
Sandeep Panchal
Vice President - Exports Management FaçadeLeadership
Kamlesh Choudhari
DirectorLeadership
Silvin Chandapillai
Graduate Engineering Trainee (design&sap)Team
Nitin Bhoite
Senior Manager Project ManagementTeam
Abul Kalam
Project ManagerTeam
Shrirang Kasbe
QA QC Senior EngineerTeam
Niraj Kumar Sah
Senior Account ExecutiveTeam
Sandip Gokhale
Senior Mechanical DesignerTeam
Ashif Khan
Account ExecutiveTeam
Anil Patil
Senior IT ManagerTeam
Abhijit Nalavade
Sr Account ExecutiveTeam
Mamta Khedekar
Senior Human Resources ManagerTeam
Gaurav Jha
Deputy Manager Designer Export MamànagementTeam
Khurshid Shaikh
SurveyorTeam
John Suthagar
Senior Project ManagerTeam
Rakesh Sharma
Safety OfficerTeam

2 more people are available in the full profile.

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Complete people profiles for Glass Wall Systems

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
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IPO & Listings of Glass Wall Systems

Glass Wall Systems is a publicly listed company on the NSE with ticker symbol GLASSWALL in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date16 Sep 2026
  • Listed onNSE: GLASSWALL
  • Listed entityGlass Wall Systems (India) Limited
  • Exchange sectorProcess industries
  • ISININE644Q01039
  • Share price₹250.20 (-0.81% on the day) · 2026-10-14
  • Market capitalisation₹2,222 Cr
  • Volume (last session)1,322,271

Financials of Glass Wall Systems

Exchange-reported figures of Glass Wall Systems (India) Limited, the listed company behind Glass Wall Systems (NSE: GLASSWALL).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹457 Cr
+64.2% YoY
EBITDA
₹105 Cr
+44.1% YoY
Profit After Tax
₹81.74 Cr
+53.6% YoY
Net Worth
₹260 Cr
+49.3% YoY
Total Assets
₹271 Cr
+45.8% YoY
Total Debt
₹6.68 Cr
-21.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue457278304
Revenue growth+64.2%-8.6%-
EBITDA10573.0038.50
EBITDA margin+23.0%+26.2%+12.7%
Profit before tax11175.5931.34
Net profit81.7453.2328.80
Net profit margin+17.9%+19.1%+9.5%
EPS (₹)9.9037.8810.42
Balance sheet
Total assets271186150
Net worth260174121
Total debt6.688.4624.85
Cash & bank85.9377.9031.63
Net working capital11992.6644.04
Cash flow
Cash from operations73.2572.9542.72
Cash from investing(38.08)(53.15)8.76
Cash from financing(5.30)(25.53)(44.25)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue13110711913112779.12
Revenue growth (YoY)+3.3%+35.8%----
Other income2.422.504.582.392.694.80
EBITDA37.5322.9425.9329.8628.3721.04
EBITDA margin+28.5%+21.3%+21.7%+22.7%+22.3%+26.6%
Depreciation1.671.541.781.421.050.79
Interest0.560.851.130.811.090.50
Profit before tax37.7223.0527.6030.0228.9224.55
Tax9.125.766.817.557.125.83
Net profit28.6017.2920.7922.4721.8018.72
EPS (₹)3.352.042.460.002.582.21
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue430245282241
Revenue growth+75.7%-13.3%+17.3%-
EBITDA95.5558.0927.0011.87
EBITDA margin+22.2%+23.7%+9.6%+4.9%
Profit before tax10258.9421.422.06
Net profit75.8942.9919.2316.22
Net profit margin+17.7%+17.6%+6.8%+6.7%
EPS (₹)9.3428.856.158.29
Balance sheet
Total assets396166135153
Net worth385154114102
Total debt6.688.4618.5547.13
Cash & bank81.2371.4930.2022.68
Net working capital99.6278.7241.9333.33
Cash flow
Cash from operations72.7867.1734.1318.81
Cash from investing(35.82)(55.11)10.633.11
Cash from financing(5.17)(18.66)(37.95)(22.00)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue11610110912611876.34
Revenue growth (YoY)-1.9%+32.5%----
Other income2.442.404.462.352.634.62
Total expenses84.9179.7688.0197.8893.4355.16
EBITDA30.7721.3821.4728.4124.4921.18
EBITDA margin+26.6%+21.1%+19.6%+22.5%+20.8%+27.7%
Depreciation1.571.451.701.340.970.71
Interest0.540.831.010.851.030.49
Profit before tax31.1021.5023.2228.5725.1224.60
Tax7.945.486.047.306.465.82

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue13110711913112779.12
Revenue growth (YoY)+3.3%+35.8%----
Other income2.422.504.582.392.694.80
EBITDA37.5322.9425.9329.8628.3721.04
EBITDA margin+28.5%+21.3%+21.7%+22.7%+22.3%+26.6%
Depreciation1.671.541.781.421.050.79
Interest0.560.851.130.811.090.50
Profit before tax37.7223.0527.6030.0228.9224.55
Tax9.125.766.817.557.125.83
Net profit28.6017.2920.7922.4721.8018.72
EPS (₹)3.352.042.460.002.582.21
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue457278304
Revenue growth+64.2%-8.6%-
Other income14.459.815.92
Total expenses352205266
Employee cost37.7529.0126.35
EBITDA10573.0038.50
EBITDA margin+23.0%+26.2%+12.7%
Depreciation5.043.633.71
Interest3.523.599.37
Profit before tax11175.5931.34
Tax27.3118.0911.10
Net profit81.7453.2328.80
Net profit margin+17.9%+19.1%+9.5%
EPS (₹)9.9037.8810.42
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital16.9315.1819.44
Reserves & surplus243159101
Shareholders' funds (net worth)260174121
Minority interest0.000.000.00
Secured loans6.688.4624.85
Unsecured loans0.000.000.00
Total debt6.688.4624.85
Total liabilities271186150
Assets
Gross block91.6162.0960.32
Net block80.2355.7456.69
Capital work in progress4.297.933.06
Investments0.050.050.05
Inventories39.3438.4329.74
Sundry debtors10950.7763.44
Cash & bank balances85.9377.9031.63
Loans & advances81.3855.7150.66
Total current assets316223175
Total current liabilities197130131
Net working capital11992.6644.04
Total assets271186150
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash2.628.341.11
Net cash from operating activities73.2572.9542.72
Net cash from investing activities(38.08)(53.15)8.76
Net cash from financing activities(5.30)(25.53)(44.25)
Net change in cash29.86(5.72)7.23
Closing cash85.9377.9031.63
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+64.2%-8.6%-
EBITDA growth+44.1%+89.6%-
PBT growth+47.0%+141.2%+9997.0%
Net income growth+53.6%+84.8%-
Profitability & leverage
Net income margin+18.3%+20.7%+6.7%
Return on capital employed+50.1%+47.1%+36.1%
Return on net worth+38.6%+39.0%+23.8%
Debt / equity0.030.110.21
Long-term debt / equity0.030.070.12
Interest cover3.515.1826.93
Efficiency & per share
Fixed asset turnover5.954.555.05
Inventory turnover11.758.1710.23
Debtors turnover5.724.874.80
EPS (₹)9.9037.8810.42
Dividend per share (₹)0.000.000.00
Book value per share (₹)30.71114.6362.20
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue11610110912611876.34
Revenue growth (YoY)-1.9%+32.5%----
Other income2.442.404.462.352.634.62
Total expenses84.9179.7688.0197.8893.4355.16
EBITDA30.7721.3821.4728.4124.4921.18
EBITDA margin+26.6%+21.1%+19.6%+22.5%+20.8%+27.7%
Depreciation1.571.451.701.340.970.71
Interest0.540.831.010.851.030.49
Profit before tax31.1021.5023.2228.5725.1224.60
Tax7.945.486.047.306.465.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue430245282241
Revenue growth+75.7%-13.3%+17.3%-
Other income14.056.945.851.67
Total expenses334187255229
Employee cost0.0025.9725.4025.63
EBITDA95.5558.0927.0011.87
EBITDA margin+22.2%+23.7%+9.6%+4.9%
Depreciation4.713.073.023.02
Interest3.393.028.418.46
Profit before tax10258.9421.422.06
Tax25.6115.129.47(14.07)
Net profit75.8942.9919.2316.22
Net profit margin+17.7%+17.6%+6.8%+6.7%
EPS (₹)9.3428.856.158.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital16.9315.1819.4419.44
Reserves & surplus36813894.6082.75
Shareholders' funds (net worth)385154114102
Secured loans6.688.4618.5547.13
Unsecured loans0.000.000.000.00
Total debt6.688.4618.5547.13
Total liabilities396166135153
Assets
Gross block85.3255.9851.3860.22
Net block74.6449.9948.4460.22
Capital work in progress0.717.930.000.00
Investments1550.050.050.05
Inventories38.8738.2729.1822.57
Sundry debtors10147.3461.7872.97
Cash & bank balances81.2371.4930.2022.68
Loans & advances70.6445.6545.4467.19
Total current assets292203167185
Total current liabilities192124125152
Net working capital99.6278.7241.9333.33
Total assets396166135153
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash0.326.910.100.18
Net cash from operating activities72.7867.1734.1318.81
Net cash from investing activities(35.82)(55.11)10.633.11
Net cash from financing activities(5.17)(18.66)(37.95)(22.00)
Net change in cash31.79(6.59)6.81(0.08)
Closing cash81.2371.4930.2022.68
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+75.7%-13.3%+17.3%-
EBITDA growth+64.5%+115.2%+127.5%-
PBT growth+72.2%+175.2%+939.8%+9997.0%
Net income growth+76.5%+123.6%+18.6%-
Revenue CAGR (3Y)+21.4%---
EBITDA CAGR (3Y)+100.4%---
Profitability & leverage
Net income margin+17.7%+17.9%+4.2%+6.7%
Return on capital employed+37.4%+41.2%+30.1%+6.9%
Return on net worth+28.2%+32.8%+17.8%+15.8%
Debt / equity0.030.100.300.46
Long-term debt / equity0.020.060.090.10
Interest cover3.735.4935.0795.59
Efficiency & per share
Fixed asset turnover6.094.565.063.99
Inventory turnover11.157.2610.9110.66
Debtors turnover5.804.494.193.30
EPS (₹)8.9728.856.158.29
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)45.46101.0958.6752.57

Timeline of Glass Wall Systems

4 dated milestones of Glass Wall Systems across 23 years, from founding to its latest funding, stage changes and deals.

  1. Founded Glass Wall Systems is founded.
  2. Funding First funding round of $12.6M.
  3. Milestone Reaches Minicorn status.
  4. IPO Lists on the stock exchange (IPO).

Web traffic of Glass Wall Systems

The website of Glass Wall Systems (glasswallsystems.in) receives about 2K visits a month.

  • Monthly visits
    2K

    ▼ 26.1% vs previous month

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Related news about Glass Wall Systems

Glass Wall Systems shares extend gains, hit 20% upper circuit; stock up 38% in 2 days since listing
Moneycontrol • 1 month ago
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Frequently Asked Questions about Glass Wall Systems

Glass Wall Systems was founded in 2003 and raised its 1st funding round 11 years after it was founded.

Glass Wall Systems is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Glass Wall Systems is a funded company, having raised a total of $12.65M across 1 funding round to date. The company's 1st funding round was a Series A of $12.65M, raised on Jun 2014.

Glass Wall Systems has 334 employees.

The primary company behind Glass Wall Systems, Glass Wall Systems (India) Limited, reported revenue of ₹471 Cr for FY 2026, up 64% year on year.

Glass Wall Systems was established in 2003 in Mumbai, India. Operations focus on the manufacturing of aluminium and glass elements for construction applications. Architectural designing services are provided to support project development. The company serves the building materials sector, with activities centered in the Indian market. Key personnel include founder Jawahar Hemrajani and managing director Amit Hemrajani.

Glass Wall Systems offers Facade Solutions and Glazing Systems.

Yes, Glass Wall Systems is publicly traded on NSE under the ticker symbol GLASSWALL.

Glass Wall Systems has 2 investors. Key investors include India Business Excellence Fund, and Motilal Oswal Alternates.

The valuation of Glass Wall Systems is $40.21M as of Jun 2014.

Glass Wall Systems operates through Glass Wall Systems (India) Limited.

The legal entities of Glass Wall Systems currently have 6 directors, including Sunaina Rohit Gera, Nandita Khurana, Siddharth Nandkishore Bafna and others.

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