- CEO
- Shobhan Mittal
- Full Time Employees
- 1,689
- Sector
- Non-energy minerals
- Industry
- Forest products
- Address
- DLF Downtown Gurugram HA India 122002
- IPO Date
- Oct 23, 2019
- Business
- Greenpanel Industries Limited (GREENPANEL.NS) manufactures engineered wood products including medium density fibreboard (MDF), high density water resistant (HDWR) boards, pre-laminated MDF, plywood, blockboards and wooden flooring with PermaClick interlocking technology; the company produces MDF from 100% renewable agro-forestry wood at state-of-the-art plants in Pantnagar, Uttarakhand, and Srikalahasti, Andhra Pradesh, achieving an annual MDF capacity of 891,000 cubic meters and plywood capacity of nine million square meters. India's largest wood panel manufacturer and No. 1 MDF company with 21% domestic market share, Greenpanel serves residential, commercial and infrastructure sectors through an extensive pan-India network of over 3,000 outlets, seven branches, 1,753 distributors and 12,500 retailers, supplemented by exports to seven countries representing about 11% of sales. Incorporated on December 13, 2017, as a demerger of the MDF and part of the plywood division from Greenply Industries, the company maintains its registered office in Tinsukia, Assam, corporate office in Kolkata and a new overseas branch in Dubai. In recent developments, Greenpanel commenced commercial production at a brownfield MDF expansion in Andhra Pradesh on March 29, 2025, adding 231,000 cubic meters to reach total capacity of 891,000 cubic meters using advanced ContiPress technology at a cost of Rs613.16 crore, partly funded by a EUR32 million ECB; the company secured CARE A+ negative ratings in August 2025 amid moderated FY25 profitability, restructured working capital to multiple banking, disinvested its Singapore subsidiary realising Rs23 crore and plans a Rs20 crore forex loan drawdown in November 2025 for capital vendors.