Furniture manufacturer receives order worth Rs 10,00,000 from the Government of Gujarat

Parin Enterprises Limited, which was formerly known as Parin Furniture Limited, has been awarded a contract by the Knowledge Consortium of Gujarat (KCG), a body under the Department of Education, Government of Gujarat. This order is for the supply of educational furniture to ten different universities across Gujarat, and the total value of the contract is Rs 10,00,000 (Rupees Ten Lacs Only). This contract represents a significant order for the company, affirming its role as a supplier to the state's education sector.

Parin Furniture Ltd, established in 1983, is a leading furniture manufacturer and supplier in India. They cater to a wide range of needs, offering furniture for hospitals, educational institutions, offices, public spaces and even homes. Their product portfolio includes everything from hospital beds and school desks to office chairs, living room sets and dining tables. They also specialise in customised furniture for OEM partners and projects.

With a presence in 18 states across India, Parin Furniture boasts an impressive infrastructure including a 200,000 sq. ft display area, a 1,25,000 sq. ft warehouse, and a network of over 900 business partners, dealers and distributors. Their ambitious plans for the future include setting up 100 brand stores across India by 2025, solidifying their position as a major player in the Indian furniture market. The company has a market cap of over Rs 600 crore. The stock is up by 77 per cent from its 52-week low of Rs 311.65 per share.

Disclaimer: The article is for informational purposes only and not investment advice.