Company Overview

Incorporated in 2018, Ganga Bath Fittings Limited manufactures and supplies various bathroom accessories, including CP taps, showers, sanitary wear, ABS fittings, door handles, vanities, sinks, and more. The company has established itself as a prominent player in the Indian bathroom fittings industry, serving both residential and commercial segments with a diverse portfolio of high-quality products.

The company operates under multiple brand names including Ganga, Glimpse, Stepian, and Tora, offering comprehensive bathroom solutions to customers across India. With a distribution network spanning over 2,500 dealers across India, the company is looking to scale up both operations and market reach. The extensive distribution network demonstrates the company's strong market presence and commitment to making its products accessible nationwide.

Product Portfolio and Manufacturing

Ganga Bath Fittings offers an extensive range of bathroom products under its flagship brand "GANGA." The company offers an extensive product portfolio under the brand name "GANGA," including:

- CP Bath Fittings: Chrome-plated faucets and fixtures designed for durability and aesthetic appeal.

- Sanitary Ware: A variety of sanitary products catering to both residential and commercial needs.

- PTMT Taps: Polytetra Methylene Terephthalate taps known for their strength and resistance to wear.

- Stainless Steel Showers: High-quality stainless steel showers offering longevity and modern design.

- ABS Accessories: Acrylonitrile Butadiene Styrene-based bathroom accessories that are lightweight yet sturdy.

The company's state-of-the-art manufacturing facility is located in Shapar-Veraval, Gujarat. It employs advanced technology and skilled manpower to ensure product excellence. The manufacturing operations are designed to meet stringent quality standards, with ISO 9001:2015 certification for Quality Management Systems regarding the design, manufacture, and supply of brass bath fittings, sanitary wares, PTMT, taps, stainless steel showers, stainless steel gullies, ABS taps, and all kinds of accessories.

As of December 2024, the company had 250 SKUs in its GI Unit, 32 SKUs in its GBS Unit, and 150 SKUs in its GPI segment. This diverse product range allows the company to cater to various customer preferences and market segments effectively.

Financial Performance

Ganga Bath Fittings has demonstrated strong financial growth in recent years. The company reported revenue of ₹32.01 crores in 2024 against ₹30.68 crore in 2023. The company reported profit of ₹2.48 crores in 2024 against a profit of ₹0.31 crores in 2023. This represents a significant improvement in profitability, showcasing the company's operational efficiency and market traction.

For the nine months ended December 2024, the financial performance continued to be robust. Ganga Bath Fittings reported a revenue of ₹32.31 crore and a net profit of ₹4.53 crore for the nine months ended December 2024. Additionally, the company recorded revenue from operations of ₹22.45 crore and net profit of ₹3.60 crore for the period ended 31 December 2024.

Market Capitalization and Stock Listing

The market capitalization of Ganga Bath Fittings IPO is ₹108.82 Cr as of Sun, Mar 31, 2024. The company successfully completed its Initial Public Offering and the shares got listed on NSE SME on June 11, 2025. Ganga Bath Fittings shares listed at ₹59, a 20.4% premium over IPO price.

The IPO was well-received by investors, with the issue entirely a fresh issue of 66.63 lakh shares. The Ganga Bath Fittings IPO price band was set at ₹49 per share. The successful market debut reflects investor confidence in the company's business model and growth prospects.

Leadership and Workforce

The company's management is led by experienced promoters who have guided its growth since inception. The promoters of the company are Mr. Tusharkumar Vithaldas Tilva, Mr. Jimmy Tusharkumar Tilva, and Mr. Sajan Tusharbhai Tilva. The leadership team brings extensive industry experience and entrepreneurial vision to drive the company's strategic initiatives.

As of December 2024, the company has 2 Executive Directors and 155 employees on its payroll. The workforce comprises skilled professionals across various functions, ensuring efficient operations and maintaining the company's reputation for quality products.

Competitive Strengths

Ganga Bath Fittings has built several competitive advantages that position it favorably in the market:

- Long-standing relationship with distributors, clients, and suppliers.

- Strong & experienced R&D team.

- High-quality standards.

These strengths enable the company to maintain consistent product quality while fostering strong business relationships across its value chain. The company's commitment to quality is evident through its rigorous testing processes. The cartridges are tested 5 lakh times to ensure a longer and trouble-free operating life. This attention to detail and quality assurance helps build customer trust and brand loyalty in the competitive bathroom fittings market.