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Schueco International KG acquires majority share in Alufit International

Wednesday, 08 Sep 2021
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Schueco International KG, a company in building envelopes worldwide, with global expertise in windows, doors and façades, announced it has signed a definitive agreement to acquire a majority stake in Alufit. 
The consequent joint venture, Alufit International, will accelerate Schueco’s focus on pursuing large commercial and infrastructure facade projects in India. 
The joint venture (JV) will witness the coming together of one of the world’s leading aluminium systems specialists in Schueco and India’s largest aluminium façade fabricator. It aims to achieve Rs 1,000 crore annual revenues from Indian operations. 
Pankaj Keswani will continue to lead and will be the Managing Director of the JV, Alufit International.
Over the past three-plus decades, Alufit has delivered more than 1,000 projects of various size, scale and complexity with quality and professionalism. 
With three state-of-the-art manufacturing facilities strategically located in Bengaluru, Hosur, and Mumbai, Alufit has completed landmark projects including hospitality, World Trade Centers, IT parks and ITES campuses across the country for developers, corporates and financial institutions.
In addition to these innovative products, the building envelop specialist offers consultation and digital solutions for all phases of a building project – from the initial idea through to design, fabrication and installation.
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