About Simpolo
Simpolo is a company based in Morbi (India) founded in 1977.. Simpolo has raised $69.29 million across 3 funding rounds from investors including State Bank of India, Motilal Oswal Financial Services and Motilal Oswal Private Equity. The company has 533 employees as of August 27, 2025. Simpolo offers products and services including Vitrified Tiles, Bathware, and Tiles Collection. Simpolo operates in a competitive market with competitors including EGGER, LIXIL, JuuNoo, Hardware Resources and Armstrong World Industries, among others.
- Headquarter Morbi, India
- Employees 533 as on 27 Aug, 2025
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Simpolo Vitrified Pvt Ltd
- Jurisdiction Ghuntu, Gujarat, India
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Annual Revenue
$198.11 M (USD)18.11as on Mar 31, 2024
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Net Profit
$17.5 M (USD)168.53as on Mar 31, 2024
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EBITDA
$33.42 M (USD)22.37as on Mar 31, 2024
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Total Equity Funding
$69.29 M (USD)
in 3 rounds
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Latest Funding Round
$65.96 M (USD), Private Equity Round
Aug 29, 2022
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Investors
State Bank of India
& 49 more
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Employee Count
533
as on Aug 27, 2025
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Products & Services of Simpolo
Simpolo offers a comprehensive portfolio of products and services, including Vitrified Tiles, Bathware, and Tiles Collection. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Durable tiles for living rooms, kitchens, and outdoor use.
Products like basins and EWC for bathroom installations.
Various designs for bedrooms and commercial spaces.
Funding Insights of Simpolo
Simpolo has successfully raised a total of $69.29M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $65.96 million completed in August 2022. 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 Total Funding
- Total Rounds 3
- Last Round Private Equity Round — $66.0M
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First Round
First Round
(21 Jul 2008)
- Investors Count 50
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Private Equity Round - Simpolo | Valuation | Motilal Oswal Financial Services , SBI | |
| Mar, 2010 | Amount | Unspecified - Simpolo | Valuation | Garret Vintrade | |
| Jul, 2008 | Amount | Unspecified - Simpolo | Valuation | Sunandaben Aghara , Gokul Suppliers |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Simpolo
Simpolo has secured backing from 50 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include State Bank of India, Motilal Oswal Financial Services and Motilal Oswal Private Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity investment firm focused on growth stage companies
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Simpolo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Simpolo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Simpolo Comparisons
Competitors of Simpolo
Simpolo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EGGER, LIXIL, JuuNoo, Hardware Resources and Armstrong World Industries, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Home decor and furniture products are manufactured by EGGER.
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| domain | founded_year | HQ Location |
Manufacturer of exterior & interior building materials, and construction management services
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| domain | founded_year | HQ Location |
Glass walls, windows, and doors are manufactured by JuuNoo.
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| domain | founded_year | HQ Location |
Products for kitchen cabinets, baths, and closets are manufactured.
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| domain | founded_year | HQ Location |
Provider of ceiling and wall solutions for commercial and residential spaces
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| domain | founded_year | HQ Location |
Flooring, wall panels, and other interior building materials are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Simpolo
Frequently Asked Questions about Simpolo
When was Simpolo founded?
Simpolo was founded in 1977 and raised its 1st funding round 31 years after it was founded.
Where is Simpolo located?
Simpolo is headquartered in Morbi, India. It is registered at Morbi, Gujarat, India.
Who is the current CEO of Simpolo?
Sanjay Kalra is the current CEO of Simpolo.
Is Simpolo a funded company?
Simpolo is a funded company, having raised a total of $69.29M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $2.46M, raised on Jul 21, 2008.
How many employees does Simpolo have?
As of Aug 27, 2025, the latest employee count at Simpolo is 533.
What is the annual revenue of Simpolo?
Annual revenue of Simpolo is $198.11M as on Mar 31, 2024.
What does Simpolo do?
Simpolo was founded in 1977 in Morbi, India, where operations focus on the production of vitrified tiles and ceramic bathware. Tiles are designed for use in living rooms, bathrooms, kitchens, and outdoor areas, while bathware includes basins, urinals, cisterns, and related products. These items serve both residential and commercial sectors within the building materials industry.
Who are the top competitors of Simpolo?
Simpolo's top competitors include Armstrong World Industries, EGGER and LIXIL.
What products or services does Simpolo offer?
Simpolo offers Vitrified Tiles, Bathware, and Tiles Collection.
Who are Simpolo's investors?
Simpolo has 50 investors. Key investors include State Bank of India, Motilal Oswal Financial Services, Motilal Oswal Private Equity, India SME Investments, and PinCon Spirit.
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