MINOR PROJECT REPORT ON

ASAHI INDIA GLASS LIMITED

Submitted in partial fulfillment of the requirements

for the award of the degree of

MASTER OF BUSINESS ADMINISTRATION

To
GURU GOBIND SINGH INDRAPRASTHA UNIVERSITY,
DELHI

Under the Guidance of Submitted by

Dr. Mamta Gupta Shruti Rathore
Assistance Professor MBA- II Semester
01620803921

BHAGWAN PARSHURAM INSTITUTE OF TECHNOLOGY

Affiliated with Guru Gobind Singh Indraprastha University

Session 2022-23
 ACKNOWLEDGEMENT

Presentation inspiration and motivation have always played a key role in the success of the
particular project .

I express my special thanks to Dr Mamta Gupta , Bhagwan Parshuram Institute of Technogy

to Encourage me to the highest peak and to provide me the opportunity to prepare this project
on the company “Asahi India Glass Limited”.

She has provided a proper guidance and I am immensely obliged to her for elevating
inspiration, encouraging guidance and kind supervision in the completion of my project.

I would also like to thank all the faculty members of our college Bhagwan Parshuram
Institute of Technology.

Lastly , I would also like to thank my family who also motivated us and inspired us during
this project.

So , with my due respect. I would like to thank all of them.

Name of the Student : Shruti Rathore

Enrollment No. :01620803921

Course: MBA ,2nd Semester

Table of Contents
Chapter 1 (INTRODUCTION AND COMPANY HISTORY) ..................................................... 1
Formation............................................................................................................................................ 2
About ................................................................................................................................................... 3
History………………………………………………………………………………………………………………………..……………. …..3

Company Reach……………………………………………………………………………………………………………………………..4

CEO AND Managing Director………………………………………………………..………………………………………………..5

Chairman……………………………………………………………………………………….……………………………………...………6

Board of Directors………………………………………………………………………………………………………………………….7

Chapter 2 (VISION, MISSION AND OBJECTIVE OF THE COMPANY) ...................................... 4

Vision…………………………………………………………………………………………………………………………….………………1
Mission………………………………………………………………………………………………………………………………………….2
Guiding Principles…………………………………………………………………………………………………………………………3
CHAPTER 3 (MARKET LINKAGE OF THE COMPANY) ………………………………………………………(iii)
Products Manufactured by the Company………………………………………………….……………………………………1

Market Share…………………………………………………………………………………………………….……………………………2

CHAPTER 4 (FINANCIAL LINKAGE OF THE COMPANY)……………………………………………………(iv)

Common size balance sheet as on 31st March 2021 and 2020 ......................................................... 1

Comparative balance sheet as on 31st March 2021 and 2020 ............................................................2

Common size income statement as on 31st March 2020 and 2019…………………………………………...…...3

Comparative income statement as on 31st March 2020 and 2019 ......................................................4

Stock price of the Company………………………………………………………………………………………………………..…..5

Chapter 5 (COMPANY IMAGE)……………………………………………………………………………………………………(v)

SWOT Analysis……………………………………………………………………………..………………………………………………..1

Corporate Social Responsibility……………………………………………………………..……………………………………….2

CHAPTER 6 (CONCLUSION AND YOUR OPINION)…………………………………………………………………………(vi)

REFRENCES………………………………………………………………………………………………………………………………(vii)
 CHAPTER – 1
INTRODUCTION AND COMPANY HISTORY
ASAHI INDIA GLASS LIMITED

Formation
AIS was formed in 1984 pursuant to the Joint
Venture between the Labroo’s Family, Asahi
Glass Co. Limited (AGC) and Maruti Suzuki
India Limited (MSIL). AIS began its
operations by manufacturing of toughened
glass for MSIL. Initially known as the Indian
Auto Safety Glass Private Limited, it
changed its name to Asahi India Safety Glass
Limited (AIS) in 1985. The Company became public limited through an Initial Public Offer
(IPO) in 1986 and got listed on the Indian Stock Exchanges. Subsequently, with the acquisition
of Floatglass India Limited, AIS forayed into the construction glass business as well and
changed its name to Asahi India Glass Limited (AIS) in September 2002. Currently, AIS is
listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The promoters
jointly hold approximately 55% of the shareholding and the balance 45% is held by the public.

Over three decades AIS has grown based on

principles of entrepreneurial spirit, immense
customer centricity, qualityoriented thinking and
readiness to take calculated risks ahead of its time.
These principles have helped AIS to emerge from a
single customer, single plant, single product
Company to India’s leading integrated glass
Company. Today, AIS is the preferred strategic
supplier to Indian auto and construction industry.
About

Asahi India Glass Limited, known as AIS, is India's glass solution and manufacturing company.
It was established in 1984. Its headquarter is in New Delhi, India. It is a public company. It
manufactures automotive safety glass, float glass, architectural processed glass, and glass
products. It also provides consumer glass offerings in the form of Glasxperts and Windshield
Experts. Ais was established as a joint venture agreement between the Labroo family, Asahi
Glass Co. Ltd, Japan, and Maruti Suzuki India Ltd.

AIS is India’s leading integrated glass and windows solutions company. It provides end-to-end
solutions to the customers right from manufacturing, processing, fabrication and installation.
It is a sand-to-solutions organization offering varied glass products and solutions for industrial
and end customers in the domestic and international markets. AIS strictly adheres to the
stringent quality norms of both the global and domestic OEMs and follows all Indian and
International quality standards.

History
1984-2000
In 1984, AIS was initially incorporated in India under the name Indian Auto Safety Glass
private limited. By 1986, the company transferred its equity stake to Asahi Glass Co., Japan.
During this period, a joint venture agreement was carried out among the promoters, namely
Asahi Glass Co., Japan, Indo- Asahi Glass Company, and Maruti Udyog. The company was
thus incorporated as a public limited company under the name of Asahi India Safety Glass
Limited on 31st December 1985. During this period the company only manufactured toughened
glass for Maruti Suzuki India Limited.
However, in 1989, after increasing its tempered glass production capacity by installing a new
furnace, the company began manufacturing toughened glass for other automobile
manufacturers. The company also introduced black ceramic printing and heat-lite printing for
the production of automotive glasses for the first time in India.

By 1992, the company ventured into the manufacturing of laminated safety windshields. Four
years later, anticipating an increase in demand of laminated windshields, made mandatory for
passenger vehicles under revised Central Motor Vehicle Rules, AIS carried out a major
capacity expansion to produce 7,50,000 laminated windshields. By 1999, the company added
Hyundai, Ford, Toyota, and Hindustan Motors to its clientele while also increasing its tempered
glass production capacity.

2000 till the present time

With the turn of the millennium, AIS increased its technology capabilities with a slew of
installations including a laminated bending furnace for producing complex laminated
windshields, a CAD station, in-house designing, and print marking on glass for brand visibility.
In 2001, Float Glass India, a subsidiary of Asahi Glass Co., Japan, became the subsidiary of
AIS. Next year, AIS made its first acquisition by acquiring a 79.6% stake in Float Glass India
and absorbing it under its brand name. In 2002, the company also rebranded itself as Asahi
India Glass Limited (AIS) and in 2003, it set up a new automotive glass manufacturing plant
in Chennai. This was followed by the commencement of commercial production at the
company’s Architectural Processing Unit in Taloja in 2004. In 2005, AIS Glass Solutions Ltd.
was set up to further expand in the architectural glass value chain.[7] The year 2006 saw the
establishment of two more architectural processing facilities in Rewari and Chennai along with
further capacity expansion across existing plants. In late 2017, AIS inaugurated a new,
modernized Taloja float glass plant to enhance supply to auto and architectural glass segments
by manufacturing 550 tonnes of glass per day.

Company Reach
AIS has successfully consolidated its position as a leading integrated glass manufacturing
company in India. From being a ‘single product, single customer’ company, AIS has grown to
a world-class glass manufacturer with 12 plants/sub-assembly units, manufacturing and
processing different glasses. AIS has eight strategically located offices with approximately
4000+ employees.

CEO AND Managing Director

 Mr. Sanjay Labroo is Chief Executive Officer, Managing
Director, and Executive Director of Asahi India Glass Limited.
He is a Doon school alumnus (1980) and a graduate in Finance
and Management from the Wharton School of Business &
Finance, Pennsylvania, USA.

He is also a Director on the Boards of other companies which

include AIS Glass Solutions Ltd., Asahi India Map Auto Glass
Ltd., BILT, Crompton Greaves Ltd., Krishna Maruti Ltd., Mahindra First Choice Wheels
Limited, SKH Metals Ltd., and Shield Autoglass Ltd.

Mr. Labroo was a Director on the Central Board of Directors of the Reserve Bank of India
(2007-11) and a member of the Board for Financial Supervision and Monetary Policy
Committee. He was the President of ACMA and Chairman of the All-India Flat Glass
Manufacturers’ Association (AIFGMA) from 2007- 2008. He was the Chairman of the
Architectural Glass Panel of All India Glass Manufacturers’ Federation (AIGMF) from 2012-
2013. He continues to be an active member of the Executive Committee of ACMA, and the
Architectural Glass Panel of AIGMF.

CHAIRMAN

Mr B. M labroo is the chairman of the

company Asahi India Limited. His latest
message is “FY 2020-21 underlined once again
that we are a resilient and purpose-driven
business. It has also compelled us to ask
ourselves what we need to do differently and
what we need to further improve, so that AIS
remains relevant and successful – particularly
at a time when India will seek to achieve its
growth potential firmly on the back of its core
sectors.”
BOARD OF DIRECTORS

The company is headed by the Managing Director & C.E.O and one Executive (Whole -time)
Director. The Board of Directors approves and reviews the strategies and oversees the actions
and results of management. The Board of Directors comprises of:
 CHAPTER – 2
VISION, MISSION AND OBJECTIVE OF THE COMPANY

Vision
• It describes AIS’s products and services which delight customers by helping them see
more in comfort, safety and security.
• It expresses AIS’s corporate culture of merit and transparency.
• It defines the qualities of AIS’s people who want to see, learn and do more, in-depth
and in detail.

Mission

• “JIKKO” - Execution for Excellence With major investments in place, the time is now
to reap the benefits by execution for excellence.

Guiding Principles

All actions of AIS are driven by the following guiding principles:

• Creation of value for Shareholders

• Customer Satisfaction

• Respect for Environment

• Use of Facts
• Continuous Improvement

• Strengthening of Systems

• Upgradation of Human Potential through education and training

• Social Consciousnes
 CHAPTER – 3
MARKET LINKAGE OF THE COMPANY

Products Manufactured by the Company

Automotive Building and Consumer Industrial

Construction
•Consumer
•Passenger Vehicle •Windows & Doors
Durables ( White
•Commercial •Residential Exterior Solution
Goods)
Vehicle •Residental Interior •Integrated Glass
•Construction and
•Mass Transport •Commercial solutions
Farm Equipment
•Defence Vehicles Exterior •Car Glass Repair &
•Three - wheelers •Commercial Replacemnt
Interior •Car Battery and
Detailing Services

Automotive

For over 30 years, AIS has been the preferred choice for Automotive OEMs. With a 77%
market share, AIS Auto Glass products and solutions can be seen on India’s best vehicles
across the automotive segments. The AIS range of products and solutions include laminated
glass for car windscreen, tempered glass for sidelites, backlites and car windscreen as well as
sub-assembly and various value-added glass products. It has the unique distinction of being the
only Indian glass company that has been conferred the prestigious Deming Application Prize
in 2007. The Deming Prize certifies the outstanding performance improvements achieved by
AIS through the application of Total Quality Management (TQM).
• LAMINATED WINDSCREEN (LAMISAFE –LT)

Laminated glass is used mainly for a windscreen. In this type of glass, a layer of
plastic (PVB) is sandwiched between two sheets of float glass. This layer of plastic,
when used in the glass manufacturing process, bonds the glass together so that if it
breaks on impact, the shards remain stuck together instead of shattering. That’s why
laminated glass is used in places where the possibility of injury during accidents is
high, like the front windscreen. High-end automobiles also use it for side and rear
windshield glass.

Lamisafe-LT from AIS, the leading glass manufacturer in India, is used in the front
windscreen of the car. The strength of laminated glass allows it to perform two very
important functions in cars, keeping passengers safe inside the vehicle and providing
strength to the car’s roof.
To ensure that each piece that reaches you is safe, glitch-free and exquisitely formed;
we put our glass through stringent quality checks post glass production.
• TEMPERED SIDELITES AND BACKLITE (TEMPERLITE -LT)
SAFETY AND STRENGTH
The tempered glass production starts with heating the glass to its softening point,
approximately 680 Degree Celsius, and then rapidly cooling it. This process is called
as Tempering. During the process of tempering the contours of the glass are also
formed with specialized moulding techniques. Tempering induces stresses in the glass
which makes it four to five times tougher than the float glass.

Temperlite-LT, a product from AIS – the leading glass manufacturing company in

India, are used primarily in side door glasses and backlite of the car. These are
toughened glasses, when breaks, shatter into blunt pieces that does not cause injury.
This makes it much safer than annealed glass which breaks into long sharp shards that
can cause serious injury. Among various types of glass used in a car, tempered glass
extremely important to a vehicle’s safety, but it differs greatly in both form and
function from any other type of glass.

• BULLET RESISTANT GLASS

Developed for military or special purpose, the bullet-resistant glass provides all-round
protection against any external ballistics and/or projectiles targeted at the car body.
Currently, AIS can produce BR6 standard bullet-resistant glasses in the thickness
range of>40 mm.
• VALUE ADDED SIDELITE AND BACKLITE

1. AIS IR + UV SHIELD

ENJOY THERMAL COMFORT WHILE SAVING ENERGY

A unique product for sidelites offered by AIS that yields unmatched levels of comfort
inside a vehicle cabin. This glass has special additives that impart a Dark Green tint and
prevent the sun’s heat from entering the car and also cuts UV radiations which can cause
skin irritations, harmful diseases.

When it is used as a combination together with AIS IR Shield – windshield and AIS Solar
Shield – backlite in a passenger car, it improves the effectiveness of the air conditioner by
lesser heat inside the cabin. The temperature on the dashboard, gear knob, parcel tray and
steering wheel reduces by as much as 8 to 9 degree Celsius and there is a reduction in
cabin temperature by 2 degree Celsius, in soaking condition.
2. WATER REPELLENT

STOP RAIN BEING A PAIN

Driving in the rain is a very risky task because of disturbed visibility. With AIS water
repellent glass you can enjoy safer driving even in the rain as it offers better visibility.
The glass is built with a special hydrophobic coating that increases the angle of
contact to prevent water from spreading onto the glass surface.

3. AIS SOLAR SHIELD

CONTROL HEAT, WHATEVER THE SEASON
Solar control glass, which is used for side windows and rear windscreens has a metal oxide
ingredient that blocks the sun’s heat.
 4. AIS UV PROTECKT
ULTIMATE UV PROTECTION
The high-performance glass is manufactured with special additives that block UV rays and
heat from the sun. This protects the car cabin and the passengers from the sun’s harmful
rays.

BUILDING AND CONSTRUCTION GLASS

AIS manufactures top quality float glass and a range of high performance as well as value
added glasses for interior and exterior applications to provide solutions in energy efficiency,
safety & security, privacy, acoustics and aesthetics.

• FLOAT GLASS

Float glass is manufactured by floating the molten glass on a bed of molten metal, typically tin.
This method gives the glass product uniform thickness and a very flat surface. Float glass is
the primary glass product on which all other value-additions are done to enable glass to do
more. This type of glass ensures 100% distortion-free vision.
• COATED FOR EXTERIORS
High Performance glazing is developed by depositing coatings on the glass. This imparts
superior resistance against solar radiation and provides thermal insulating capabilities
while ensuring adequate daylight access. The use of coated glass makes building energy
efficient and helps ensure both thermal and visual comfort in buildings. AIS produces
both hard coat and soft coat glass.
 • COATED FOR INTERIORS

Glass can be used for various indoor applications like wall cladding, kitchen splash backs,
staircase, furniture, etc. It brings a unique and classy look to the indoors. Some value added
glasses can offer solutions in safety & security, fire-protection, privacy, etc.
 • PROCESSED GLASS
Various kinds of processing can be done on glass like heat strengthening, lamination, insulation
(IGU), tempering, etc to provide different kinds of solutions for interior and exterior
applications. AIS has its own processing units and offers various value added products under
the brand name AIS Securityglas, AIS Securityplus, AIS Stronglas, AIS Valuglas.
 • VALUE ADDED GLASS
AIS Glass produces a wide range of value-added varieties of glass to provide solution to the
diverse architectural needs like fire protection, security, privacy, aesthetics, acoustics and other
specialised custom requirements.
CONSUMERS

A transformed economy and growing purchasing power have today led to consumers who are
increasingly aware of what they need and people who are particular about their personal and
workspaces. It is for this modern customer that AIS, in keeping with its pioneering spirit, has
launched ‘Consumer Glass’ as a separate SBU within the Company. This SBU is AIS’ primary
interface with end-consumers for its range of automotive and architectural glass offerings. With
consultation-led, customised offerings that bring together the diverse AIS portfolio to the end-
user’s doorstep, providing consumer-centric solutions is the key differentiator of Consumer
Glass SBU.

• AIS Windows
• AIS Glasxperts

• AIS Windshield Experts

AIS Windshield Experts is India’s #1 automotive safety glass repair & replacement
network in India. Brought to you by Asahi India Glass (AIS), the country’s largest auto
glass brand, it is today the preferred destination for discerning customers who want
their car glass replaced or repaired. Drive into any of the 80+ centres of Windshield
Experts anywhere across the country and experience service that is ‘Faster, Safer,
Better’.
• AIS Car Fit Experts
Car fit experts, brought to you by AIS Windshield Experts, Offers Professional, Car
care services with quick turnaround using world-class products and expert technicians.
Market Share
 CHAPTER – 4
FINANCIAL LINKAGE OF THE COMPANY

Year
2021-2020
 COMMON SIZE STATEMENT OF ASAHI GLASS LIMITED
as on 31st March 2020 and 2021
As of 31st
Particulars As of 31st march 2020
march 2021
% Amount %
ASSET Amount

NON-CURRENT ASSETS
487.57 164166 42.45
Property, Plant, and Equipment 1841173
6.94 48824 12.62
Capital Work-in-Progress 26190
0.11 523 0.14
Intangible Assets 400
8.32 32330 8.36
Right of use Assets 31400
0.03 129 0.03
Asset Classified as held for sale 129

Financial Assets
1.22 4240 1.10
Investments 4607
0.56 2624 0.68
Loans 2110
0.00 18 0.00
Other Financial Assets 6
0.38 5493 1.42
Deferred Tax Assets (Net) 1438
0.19 907 0.23
Other Non-Current Assets 731
66.52 259254 67.04
Total Non-Current Assets 251184

CURRENT ASSET
16.68 69903 18.08
Inventories 63000

Financial Assets
0.01
Investment 50
10.11 36878 9.54
Trade Receivable 38189
1.50 1323 0.34
Cash and Bank Balances 5675
1.06 1139 0.29
Loans 3988
0.02 535 0.14
Current tax Assets (Net) 67
4.10 17706 4.58
Other Current Assets 15469
33.48 127484 32.96
Total Current Assets 126438
100.00 386738 100.00
Total Assets 377622

EQUITY AND LIABILITIES

EQUITY
0.64 2431 0.63
Equity share capital 2431
38.72 131892 34.10
Other Equity 146222
39.37 134323 34.73
Total Equity 148653

LIABILITIES

Non-Current Liabilities

Financial Liabilities
26.33 110325 28.53
Borrowings 99426
1.26 5229 1.35
Other Financial Liabilities 4768
0.15 960 0.25
Provisions 556
27.74 116514 30.13
Total Non-Current Liabilities 104750

Current Liabilities

Financial Liabilities
5.98 26374 6.82
Borrowings 22563

Trade payables
(a)Total outstanding dues of micro- 0.57 1413 0.37
enterprises and small enterprises 2135
(b)Total outstanding dues of
creditors other than micro- 16.16 55751 14.42
enterprises and small enterprises 61039
8.70 45193 11.69
Other Financial Liabilities 32854
1.37 6498 1.68
Other current Liabilities 5160
0.12 672 0.17
Provisions 468
32.90 135901 35.14
Total Current Liabilities 124219
100.00 386738 100.00
Total Equity and Liabilities 377622
INTERPRETATION

• In 2020, the company faces working capital problems as the current

liabilities exceed the current asset whereas in 2021 there is no working
capital problem.

Working capital of 2021 = Total Current Asset – Total Current Liabilities

= 126438 – 124219
= 2279

Working capital of 2020 = Total Current Asset – Total Current Liabilities

=127484 - 135901
= (8417)

As of 31st march As of 31st march

2021 Amount 2020 Amount

Total Non-Current Assets Total Non-Current Assets

Total Current Assets Total Current Assets

• As shown in the above pie chart there is not much change in the total
current and total non-current assets of the company.
As of 31st march 2021 As of 31st march 2020
Amount Amount

Total Non-Current Liabilities Total Non-Current Liabilities

Total Current Liabilities Total Current Liabilities
• As shown in the above pie chart there is not much change in the total
current liabilities and total non-
current liabilities.
 COMPARATIVE STATEMENT OF ASAHI GLASS LIMITED
AS AT 31st March 2020 and 2021

As of 31st Absolute Percentage

Particulars As of 31st march march 2020 Change Change
2021
Amount
ASSET Amount

NON-CURRENT ASSETS
Property, Plant, and 164166 -20007.00 -12.19
Equipment 184173
48824 22634.00 46.36
Capital Work-in-Progress 26190
523 123.00 23.52
Intangible Assets 400
32330 930.00 2.88
Right of use Assets 31400
Asset Classified as held for 129 0.00 0.00
sale 129

Financial Assets
4240 -367.00 -8.66
Investments 4607
2624 514.00 19.59
Loans 2110
Other Financial 18 12.00 66.67
Assets 6
5493 4055.00 73.82
Deferred Tax Assets(Net) 1438
907 176.00 19.40
Other Non-Current Assets 731
259254 8070.00 3.11
Total Non-Current Assets 251184

CURRENT ASSET
69903 6903.00 9.88
Inventories 63000

Financial Assets
-50.00 ----
Investment 50
36878 -1311.00 -3.55
Trade Receivable 38189
Cash and Bank 1323 -4352.00 -328.95
Balances 5675
1139 -2849.00 -250.13
Loans 3988
535 468.00 87.48
Current tax Assets (Net) 67
17706 2237.00 12.63
Other Current Assets 15469
127484 1046.00 0.82
Total Current Assets 126438
 386738 9116.00 2.36
Total Assets 377622

EQUITY AND LIABILITIES

EQUITY
2431 0.00 0.00
Equity share capital 2431
131892 -14330.00 -10.86
Other Equity 146222
134323 -14330.00 -10.67
Total Equity 148653

LIABILITIES

Non-Current Liabilities

Financial Liabilities
110325 10899.00 9.88
Borrowings 99426
Other Financial 5229 461.00 8.82
Liabilities 4768
960 404.00 42.08
Provisions 556
Total Non-Current 116514 11764.00 10.10
Liabilities 104750

Current Liabilities

Financial Liabilities
26374 3811.00 14.45
Borrowings 22563

Trade payables
(a)Total outstanding dues -51.10
of micro-enterprises and 1413 -722.00
small enterprises 2135
(b)Total outstanding dues -9.49
of creditors other than
micro-enterprises and 55751 -5288.00
small enterprises 61039
45193 12339.00 27.30
Other Financial Liabilities 32854
6498 1338.00 20.59
Other current Liabilities 5160
672 204.00 30.36
Provisions 468
135901 11682.00 8.60
Total Current Liabilities 124219
386738 9116.00 2.36
Total Equity And Liabilities 377622
INTERPRETATION

• Below are the bar graph showing the total equity and liabilities, total current
liabilities, total equity, total asset, total current asset, and total non-current asset of the
company in the year 2020 and 2021.

As of 31st march 2021 Amount

TOTAL EQUITY AND LIABILITIES 377622

TOTAL CURRENT LIABILITIES 124219

TOTAL EQUITY 148653

TOTAL ASSETS 377622

TOTAL CURRENT ASSETS 126438

TOTAL NON-CURRENT ASSETS 251184

0 100000 200000 300000 400000

As of 31st march 2021 Amount

31st March 2020

TOTAL EQUITY AND LIABILITIES 386738

TOTAL CURRENT LIABILITIES 135901

TOTAL EQUITY 134323

TOTAL ASSETS 386738

TOTAL CURRENT ASSETS 127484

TOTAL NON-CURRENT ASSETS 259254

0 100000 200000 300000 400000 500000

31st March 2020

 COMMON SIZE STATEMENT OF ASAHI GLASS LIMITED
AS on 31st MARCH 2021 and 2020

31st March 31st March

Particulars % %
2021 2020
Income
Revenue from
238049 100 259926
Operations 100
Other Income 3992 1.68 1544 0.59
Total Income 242041 101.68 261470 100.59
Expenses
Cost of Materials
70725 29.71 86780
consumed 33.39
Purchase of Stock-In-
1537 0.65 718
Trade 0.28
Changes in Inventory of
Finished Goods, Work-In-
10620 4.46 -3931
Progress, Stock-In-Trade, and
Others -1.51
Employee Benefits
24421 10.26 25425
Expense 9.78
Finance Costs 13845 5.82 14393 5.54
Depreciation and
12745 5.35 13206
Amortisation Expense 5.08
Other Expenses 86350 36.27 106463 40.96
Total Expenses 220243 92.52 243054 93.51
Profit before tax 21798 9.16 18416 7.09
Tax Expense
Current tax
For the year -5954 -2.50 -5016 -1.93
Relating to Earlier Year -201 -0.08 -123 -0.05
Deferred Tax -1759 -0.74 2714 1.04
Profit for the year 13884 5.83 15991 6.15
Other Comprehensive Income
Items that will not be
reclassified to Profit or Loss
Net Actuarial
Gain/(Loss)on Defined Benefit 190 0.08 -344
Plans -0.13
Net Gain/(Loss) on Fair
364 0.15 -321
Value of Equity Instruments -0.12
Deferred Tax on Other
-108 -0.05 195
Comprehensive Income 0.08
Other Comprehensive Income
for the year, Net of Income 446 0.19 -470
Tax -0.18
Total Comprehensive Income
14330 6.02 15521
for the year 5.97
Earnings per Equity Share
Basic(Rs) 5.71 0.002 6.58 0.00
Diluted(Rs) 5.71 0.002 6.58 0.00
INTERPRETATION

• The below pie chart shows that the total income increased by 1% in the
year 2021 as it is 50% in the year 2020 and 51% in the year 2021.
• And there is a 1% decrease in the total expense from the year 2020 to
2021.
• The profit for both the year remains the same.

31st March 2021

3%

Total Income
46% 51% Total Expenses
Profit for the year

31st March 2020

3%
Total Income

47% 50% Total Expenses

Profit for the year
 COMPARATIVE STATEMENT OF ASAHI GLASS LIMITED
AS AT 31st March 2021 and 2020
31st March 31st March Absolute Percentage
Particulars
2021 2020 Change Change
Income
Revenue from Operations 238049 259926 21877 100
Other Income 3992 1544 -2448 -11.19
Total Income 242041 261470 19429 88.81
Expenses
Cost of Materials consumed 70725 86780 16055 73.39
Purchase of Stock-In-Trade 1537 718 -819 -3.74
Changes in Inventory of
Finished Goods, Work-In-
10620 -3931
Progress, Stock-In-Trade, and
Others -14551 -66.51
Employee Benefits Expense 24421 25425 1004 4.59
Finance Costs 13845 14393 548 2.50
Depreciation and
12745 13206
Amortisation Expense 461 2.11
Other Expenses 86350 106463 20113 91.94
Total Expenses 220243 243054 22811 104.27
Profit before tax 21798 18416 -3382 -15.46
Tax Expense
Current tax
For the year -5954 -5016 938 4.29
Relating to Earlier Year -201 -123 78 0.36
Deferred Tax -1759 2714 4473 20.45
Profit for the year 13884 15991 2107 9.63
Other Comprehensive Income
Items that will not be reclassified
to Profit or Loss
Net Actuarial
Gain/(Loss)on Defined Benefit 190 -344
Plans -534 -2.44
Net Gain/(Loss) on Fair
364 -321
Value of Equity Instruments -685 -3.13
Deferred Tax on Other
-108 195
Comprehensive Income 303 1.39
Other Comprehensive Income
446 -470
for the year, Net of Income Tax -916 -4.19
Total Comprehensive Income for
14330 15521
the year 1191 5.44
Earnings per Equity Share
Basic(Rs) 5.71 6.58 0.87 0.004
Diluted(Rs) 5.71 6.58 0.87 0.004
INTERPRETATION

• The below bar graph shows the profit for years, total expenses,
and total income for both years.
• The total expenses and total income is more in the year 2020 as
compared to 2021.
• There is not much change in the profit of both the year.

Chart Title

Profit for the year

Total Expenses

Total Income

0 50000 100000 150000 200000 250000 300000

31st March 2020 31st March 2021

 Year
2019-2020
 COMMON SIZE STATEMENT OF ASAHI GLASS LIMITED
as on 31st March 2020 and 2019

31st March
Particulars 2020 % 31st March 2019 %
ASSETS
Non-Current Assets
Property, Plant, and equipment 164166 42.45 189884 51.18
Capital Work-in-Progress 48824 12.62 44838 12.09
Intangible Assets 523 0.14 538 0.15
Intangible Assets under Development 0 0.00 7 0.002
Right of use Assets 32330 8.36
Assets classified as held for sale 129 0.03 322 0.09
Financial Assets
Investments 4240 1.10 4526 1.22
Loans 2624 0.68 2558 0.69
Other Financial Assets 18 0.00 53 0.01
Deferred Tax Assets (Net) 5493 1.42 4507 1.21
Other Non-Current Assets 907 0.23 553 0.15
Total Non-Current Assets 259254 67.04 247786 66.79
Current Assets
Inventories 69903 18.08 66967 18.05
Financial Assets
Trade Receivables 36912 9.54 37995 10.24
Cash and Bank Balances 1323 0.34 2075 0.56
Loans 1105 0.29 171 0.05
Current Tax Assets (Net) 535 0.14
Other Current Assets 17706 4.58 16013 4.32
Total Current Assets 127484 32.96 123221 33.21
TOTAL ASSETS 386738 100.00 371007 100.00
EQUITY AND LIABILITIES
Equity
Equity Share Capital 2431 0.63 2431 0.66
Other Equity 131892 34.10 122538 33.03
Total Equity 134323 34.73 124969 33.68
Liabilities
Non-Current Liabilities
Financial Liabilities
Borrowings 110325 28.53 109224 29.44
Other Financial Liabilities 5229 1.35 1975 0.53
Provisions 960 0.25 882 0.24
Total Non-Current Liabilities 116514 30.13 112081 30.21
Current Liabilities
Financial Liabilities
 Borrowings 26374 6.82 32461 8.75
Trade payables
(a)Total outstanding dues of micro-
enterprises and small enterprises 1413 0.37 1063 0.29
(b)Total outstanding dues of creditors
other than micro-enterprises and small
enterprises 55751 14.42 61876 16.68
Other Financial Liabilities 45193 11.69 30436 8.20
Other current Liabilities 6498 1.68 7436 2.00
Provisions 672 0.17 672 0.18
Current Tax Liabilities (Net) 13
Total Current Liabilities 135901 35.14 133957 36.11
Total Equity and Liabilities 386738 100.00 371007 100.00
INTERPRETATION
• In both years, the company faces working capital problems as the
current liabilities exceed the current asset.

Working capital of 2021 = Total Current Asset – Total Current Liabilities

= 127484 – 135901
= (8417)

Working capital of 2020 = Total Current Asset – Total Current Liabilities

=123221-133957
= (10736)

• As shown in the above pie chart there is not much change in the total
current and total non-current assets of the company.

31st March,2020 31st March,2019

Total Non-Current Assets Total Non-Current Assets

Total Current Assets Total Current Assets

• As shown in the above pie chart there is not much change in the total
current liabilities and total non-
current liabilities.
31st March,2020 31st March,2019

Total Non-Current Liabilities Total Non-Current Liabilities

Total Current Liabilities Total Current Liabilities
 COMPARATIVE STATEMENT OF ASAHI GLASS LIMITED
AS AT 31st March 2020 and 2019

31st March Absolute Percentage

Particulars 31st March 2020
2019 Change Change
ASSETS
Non-Current Assets
Property, Plant, and
164166 189884 25718
equipment 13.54
Capital Work-in-Progress 48824 44838 -3986 -8.89
Intangible Assets 523 538 15 2.79
Intangible Assets under
0 7 7
Development 100.00
Right of use Assets 32330 -32330 -----
Assets classified as held for
129 322 193
sale 59.94
Financial Assets
Investments 4240 4526 286 6.32
Loans 2624 2558 -66 -2.58
Other Financial Assets 18 53 35 66.04
Deferred Tax Assets (Net) 5493 4507 -986 -21.88
Other Non-Current
907 553 -354
Assets -64.01
Total Non-Current Assets 259254 247786 -11468 -4.63
Current Assets
Inventories 69903 66967 -2936 -4.38
Financial Assets
Trade Receivables 36912 37995 1083 2.85
Cash and Bank Balances 1323 2075 752 36.24
Loans 1105 171 -934 -546.20
Current Tax Assets (Net) 535 -535
Other Current Assets 17706 16013 -1693 -10.57
Total Current Assets 127484 123221 -4263 -3.46
TOTAL ASSETS 386738 371007 -15731 -4.24
EQUITY AND LIABILITIES
Equity
Equity Share Capital 2431 2431 0 0.00
Other Equity 131892 122538 -9354 -7.63
Total Equity 134323 124969 -9354 -7.49
Liabilities
Non-Current Liabilities
Financial Liabilities
Borrowings 110325 109224 -1101 -1.01
Other Financial Liabilities 5229 1975 -3254 -164.76
Provisions 960 882 -78 -8.84
Total Non-Current Liabilities 116514 112081 -4433 -3.96
Current Liabilities
Financial Liabilities
Borrowings 26374 32461 6087 18.75
Trade payables
(a)Total outstanding dues of
micro-enterprises and small 1413 1063 -350
enterprises -32.93
(b)Total outstanding dues of
creditors other than micro-
55751 61876 6125
enterprises and small
enterprises 9.90
Other Financial Liabilities 45193 30436 -14757 -48.49
Other current Liabilities 6498 7436 938 12.61
Provisions 672 672 0 0.00
Current Tax Liabilities (Net) 13 13 100.00
Total Current Liabilities 135901 133957 -1944 -1.45
Total Equity and Liabilities 386738 371007 -15731 -4.24
INTERPRETATION
• Below are the bar graph showing the total equity and liabilities, total current
liabilities, total equity, total asset, total current asset, and total non-current asset of the
company in the year 2019 and 2020.

31st March 2020

TOTAL EQUITY AND LIABILITIES 386738

TOTAL CURRENT LIABILITIES 135901

TOTAL EQUITY 134323

TOTAL ASSETS 386738

TOTAL CURRENT ASSETS 127484

TOTAL NON-CURRENT ASSETS 259254

0 100000 200000 300000 400000 500000

31st March 2020

31st March 2019

TOTAL EQUITY AND LIABILITIES 371007

TOTAL CURRENT LIABILITIES 133957

TOTAL EQUITY 124969

TOTAL ASSETS 371007

TOTAL CURRENT ASSETS 123221

TOTAL NON-CURRENT ASSETS 247786

0 100000 200000 300000 400000

31st March 2019

 COMMON SIZE STATEMENT OF ASAHI GLASS LIMITED
As Of 31st March 2020 and 2019
31st
31st March % March %
Particulars
2020 2019

Income

Revenue from Operations 259926 100 285851 100

Other Income 1544 0.59 2050 0.72

Total Income 261470 100.59 287901 100.72

Expenses

Cost of Materials consumed 86780 33.39 95558 33.43

Purchase of Stock-In-Trade 718 0.28 1147 0.40

Changes in Inventory of
Finished Goods, Work-In-
-3931 -1.51 -5814
Progress, Stock-In-Trade, and -2.03
Others
Employee Benefits Expense 25074 9.65 26089 9.13

Finance Costs 14393 5.54 13454 4.71

Depreciation and
13206 5.08 11526 4.03
Amortisation Expense
Other Expenses 106463 40.96 116843 40.88

Total Expenses 242703 93.37 258803 90.54

Profit before Exceptional Items

18767 7.22 29098 10.18
and tax
Exceptional items 351 0.14 264 0.09

Profit before tax 18416 7.09 28834 10.09

Tax expenses

Current Tax

For the Year -5016 -1.93 -6150 -2.15

Relating to Earlier Year -123 -0.05

Deferred Tax 2714 1.04 -3677 -1.29

Profit for the Year 15991 6.15 19007 6.65

Other Comprehensive Income

Items that will not be reclassified
to Profit or Loss
Net Actuarial
Gain/(Loss)on Defined Benefit -344 -0.13 -605
-0.21
Plans
Net Gain/(Loss) on Fair
-321 -0.12 -131 -0.05
Value of Equity Instruments
Deferred Tax on Other
195 0.08 132 0.05
Comprehensive Income
Other Comprehensive Income
-470 -0.18 -604 -0.21
for the year, Net of Income Tax
Total Comprehensive Income for
15521 5.97 18403 6.44
the year
Earnings per Equity Share

Basic(Rs) 6.58 0.003 7.82 0.003

Diluted(Rs) 6.58 0.003 7.82 0.003

 INTERPRETATION

• The below pie chart shows that the total income decreased by 1% in the
year 2020 as it is 50% in the year 2020 and 51% in the year 2019.
• And there is a 1% increase in the total expense from the year 2019 to
2020.
• The profit for both the year remains the same.

31st March 2019

3%
Total Income

46% 51% Total Expenses

Profit for the Year

31st March 2020

3%
Total Income

47% 50% Total Expenses

Profit for the year
 COMPARATIVE STATEMENT OF PROFIT AND LOSS
AS AT 31ST March 2020 and 2019

31st Percentage
31st March Absolute Change
Particulars March
2020 Change
2019
Income

Revenue from Operations 259926 285851 25925 9.07

Other Income 1544 2050 506 24.68

Total Income 261470 287901 26431 9.18

Expenses

Cost of Materials consumed 86780 95558 8778 9.19

Purchase of Stock-In-Trade 718 1147 429 37.40

Changes in Inventory of 32.39

Finished Goods, Work-In-Progress, -3931 -5814 -1883
Stock-In-Trade, and Others
Employee Benefits Expense 25074 26089 1015 3.89

Finance Costs 14393 13454 -939 -6.98

Depreciation and Amortisation -14.58

13206 11526 -1680
Expense
Other Expenses 106463 116843 10380 8.88

Total Expenses 242703 258803 16100 6.22

Profit before Exceptional Items and 35.50

18767 29098 10331
tax
Exceptional items 351 264 -87 -32.95

Profit before tax 18416 28834 10418 36.13

Tax expenses

Current Tax

For the Year -5016 -6150 -1134 18.44

Relating to Earlier Year -123 123 ----

Deferred Tax 2714 -3677 -6391 173.81

Profit for the Year 15991 19007 3016 15.87

Other Comprehensive Income

Items that will not be reclassified to
Profit or Loss
Net Actuarial Gain/(Loss)on 43.14
-344 -605 -261
Defined Benefit Plans
Net Gain/(Loss) on Fair Value -145.04
-321 -131 190
of Equity Instruments
Deferred Tax on Other -47.73
195 132 -63
Comprehensive Income
Other Comprehensive Income for 22.19
-470 -604 -134
the year, Net of Income Tax
Total Comprehensive Income for 15.66
15521 18403 2882
the year
Earnings per Equity Share

Basic(Rs) 6.58 1.24 15.86

7.82
Diluted(Rs) 6.58 1.24 15.86
7.82
INTERPRETATION

• The below bar graph shows the profit for years, total expenses,
and total income for both years.
• The total expenses and total income is more in the year 2019 as
compared to 2020.
• There is not much change in the profit of both the year.

Chart Title

Profit for the Year

Total Expenses

Total Income

0 50000 100000 150000 200000 250000 300000 350000

31st March 2019 31st March 2020

 Stock Price of Last 5 Days

As on 31 Tue May 2022 Current price of Asahi India Glass Limited ASAHIINDIA is 446.50
and trend of stock is towards downside and stock can be sold for price targets of 443.3,
439.91, 437.02, 431.73, 388.56, 401.85

Downside 388.56
Target

Downside 431.73
Target

Downside 437.02
Target

Downside 439.91
Target
 Downside 443.3
Target

Upside target 470.8

Upside target 475.63

Upside target 523.19

Asahi India Glass Limited ASAHIINDIA Opened at 451.00 & Closed at 446.50 and moved
inside a range of 440.00-463.55

Closing is -1% which is -4.5 points from previous closing of 451.00.

The below table shows the stock price of the last 5 days of the company.

Date Close Open Range Volume

31 Tue May 2022 446.50 451.00 440.00 0.12M

463.55

30 Mon May 451.00 453.95 446.20 0.13M

2022 464.15

27 Fri May 2022 449.65 444.10 437.15 0.162M

450.40
26 Thu May 441.45 470.00 436.00 1.034M
2022 478.15

25 Wed May 436.20 456.70 429.30 0.143M

2022 459.45
 CHAPTER – 5
COMPANY IMAGE

SWOT Analysis

SWOT analysis is a simple but useful strategic planning tool that helps any company to do a
situational analysis of the organization.
It is a useful technique or framework for analyzing the present Strengths (S), Weaknesses (W),
Opportunities (O) & Threats (T) that any company is facing in its current business environment.

1. Strengths of Asahi India Glass Ltd.

Strengths are internal factors of the company which make them stand ahead of its competitors.
Let’s look at some of the strengths of Asahi Glass India Limited:
• Sustainability –Asahi India Glass Ltd. enables an age of Green Buildings, supporting
a truly sustainable future. They follow a structured and documented system of best
practices in the environment. They invest in empowering the processes with new
technologies by sustained focus on powering cost and operational efficiencies targeting
the development of energy-efficient and environment-friendly products.
 • Wide Reach- Asahi India Glass Ltd. has successfully captured its place and position
as India’s leading glass manufacturing company. From being a single product single
customer company, Asahi India Glass Ltd. now is a world-class glass manufacturer
with 12 plants or sub-assembly units.
• Training and Development- Asahi India Glass Ltd. works on the principle that
working and learning go hand-in-hand. Challenging work they have is what makes it
rewarding. Every employee is allowed to learn things while working, to develop, and
to become better. Right from on-the-job learning, in-house training, external courses,
they have mentoring schemes as well. This gives an increasingly positive impact on the
organization, the community, and the environment at large.
• Best Glasses- Asahi India Glass Ltd. is one of the best glass manufacturing companies
and has been positioned as one of the Safe Glass and High Quality and Innovative
Glasses. It is the dominant player in both automotive and building and construction
segments.

2. Weaknesses of Asahi India Glass Ltd.

Weaknesses are the areas where a company can improve and build on its competitive advantage
and strategic positioning over the other competitors.

• Global Competition- Asahi India Glass Ltd. is one of the top global manufacturers in
the Glass manufacturing industry and has to face a lot of global competition.
• Implementation of Technology – Asahi Glass having integrated technology in the
backend process, still has not been able to utilize the power of technology in the front-
end processes.

3. Opportunities of Asahi India Glass Ltd.

Opportunities are external factors that contribute to the growth of the company if identified and
grabbed at the correct time.
 • Expansion in Global Markets– Globalization has led to opportunities in the
international market. Asahi Glass is in a chief position to tap on those golden
opportunities and grow the niche/market share. Growth in the international market can
also aid Asahi Glass to diversify the risk as it will be less dependent on the domestic
market for profit and earnings.
• Artificial Intelligence Development- Asahi Glass should work on bringing
developments in artificial intelligence to better predict what the consumer demands,
serve niche segments, and make even better recommendation engines in the future.
• Innovation and Technology- Keeping in mind the current situation and increasing
consumer demand, Asahi India Glass Ltd. even after building a digital platform, needs
to focus on innovation.

4. Threats of Asahi India Glass Ltd.

Threats are the external factors and dynamics that can affect the business model of Asahi Glass
India Ltd. some of them currently are-

• Threats of New Entrants- As Asahi Glass can leverage the low cost of reaching
customers using social media and e-commerce, so can the competitors – both local and
international competitors.
• US-China Trade Relations- Asahi Glass has concentrated and targeted China for its
next phase of growth. However, there is growing tension in US-China trade relations
and it can lead to protectionism, more friction in international trade, and rising costs both
in terms of labor cost and cost of doing business.
CORPORATE SOCIAL RESPONSIBILITY

As a responsible corporate citizen, AIS continues to earmark considerable resources for the
common cause. AIS, among the premier glass manufacturing companies in India, has always
believed that true corporate performance does not only mean delivering growth but addressing
larger social issues like protection of the environment, education of the underprivileged, health
and sanitation up-gradation. To that effect, over years, the glass manufacturing company has
been undertaking many community development initiatives around its manufacturing units.
To coordinate these diverse activities and bring them to a common platform, AIS decided that
all such measures should coalesce to a common platform – The integrated Community
Development Program (ICDP). AIS ICDP is being administered and monitored by Youthreach
– a Delhi based NGO.
The enunciated goal of ICDP has been to enhance the quality of life in the community by
providing services, enabling “community participation and leadership” towards mobilizing
government, community and all other entities that are critical towards achieving this goal.
2007-08, being the last year for implementation of phase 2 of ICDP (Phase 1 covered 2004-
06), continued targeting two areas for intervention and development each at Rewari and
Roorkee “Education” and “Water & Sanitation” in Rewari and “Vocational Training” and
“Enterprise Development” in Roorkee.

1. ENVIRONMENT
Environmental and social considerations have a strategic position in the outcomes and
purpose of the business – as bottom lines. AIS follows a structured and documented
system of best practices in the environment. AIS has been carrying out the following
activities to protect and safeguard the environment.
2. HEALTH AND SAFETY
Health protection and safety of operations are permanent commitments of AIS.
Health camps organised by AIS provide access to primary health services, distribute
medicines, render vaccines and referrals to Bawal Community Health Centre.
Reorientation training to health service providers: Reorientation training
programmes are conducted for ANMs, tradition birth attendants and registered
medical practitioners. It has been our continuous endeavour to provide and
maintain an absolutely safe working environment for all our employees. In our
efforts in this space, we aim to keep up with the latest trends, standards and
practices.

3. EDUCATION WITH AIS UNNATI CENTRES

The education programmes primarily focus on two areas – transportation of school
children (especially the girl child) and establishing and running education centres
(“AIS Unnati Centres”) for the school drop-out children.School drop-out rates in this
area are high among girls due to a lack of safe local transportation. The school bus
programme of AIS started in 2004, continues to enable 475 girls from about 34
villages to safely commute from Rewari to their Senior Secondary School in Bawal.
Vocational training was given to more than 130 boys and 62 girls. Boys were trained
in computer skills and girls in beauty culture. 20 girls have also been referred to as
tailoring courses. Among those trained, 27 girls have already set up their enterprises
on a full-time or part-time basis and 11 boys have been gainfully employed. To enable
these youth to set up their businesses, enterprise management training is also being
imparted.
4. WATER SUPPLY AND SANITATION
Falling levels of groundwater, lack of safe drinking water and increasing disuse of
traditional knowledge and infrastructure are pressing issues in the realm of water
and sanitation in Rewari. Under the water and sanitation programme being
conducted in 60 villages around Rewari, awareness regarding rainwater harvesting,
recycling, managing wastewater, water-saving cropping pattern building and low-
cost sanitation facilities were imparted.
 CHAPTER – 6
CONCLUSION AND YOUR OPINION
With the completion of this project, I got to learn more about the company “Asahi India Glass
Limited”. The first chapter of this project covers the introduction of the company which
includes the formation, history, about the CEO, managing director and Chairman. Mr. Sanjay
Labroo the CEO and managing director of the company started the company in 1984. It was a
joint venture of the Labroo family. Initially known as the Indian Auto Safety Glass Private
Limited, it changed its name to Asahi India Safety Glass Limited (AIS) in 1985. The second
chapter consists of the vision, mission and guiding principle of the company. the vision of the
company is “It describes AIS’s products and services which delight customers by helping them
see more in comfort, safety and security. ”and the mission of the company is “JIKKO” -
Execution for Excellence With major investments in place, the time is now to reap the benefits
by execution for excellence.” The third chapter consists of the market linkage i.e. what the
company produced. In this chapter we get know that the company range of products and
solutions include laminated glass for car windscreen, tempered glass for sidelites, backlites and
car windscreen as well as sub-assembly and various value-added glass products. It has the
unique distinction of being the only Indian glass company that has been conferred the
prestigious Deming Application Prize in 2007. The fourth chapter helps us in knowing the
financial position of the company in the year 2021- 2020 and the year 2020-2019 and also the
stock price of the company . The fifth chapter consists of the SWOT analysis and corporate
social responsibility of the company. As a responsible corporate citizen, AIS continues to
earmark considerable resources for the common cause. AIS, among the premier glass
manufacturing companies in India, has always believed that true corporate performance does
not only mean delivering growth but addressing larger social issues like protection of the
environment, education of the underprivileged, health and sanitation up-gradation. To that
effect, over years, the glass manufacturing company has been undertaking many community
development initiatives around its manufacturing units. At last, I would conclude that the AIS
company was one of the leading glass company in India with good financial position and
company’s image as the company also performs various corporate social responsibility.

It would be a privilege to work with this company because it is a very reputed company in india
dealing with various types of glasses like laminated glass for car windscreen, tempered glass
for sidelites, backlites and car windscreen as well as sub-assembly and various value-added
glass products. It has outstanding financial position combined with great responsibilities
towards the environment as it strictly adheres to Corporate social responsibilities like health
and sanitation, environment ,education with AIS Unnati centres and water supply and
sanitation.
 References

• https://iide.co/case-studies/swot-analysis-of-asahi-india-glass-limited/

• https://www.aisglass.com/

• https://www.aisglass.com/wp-content/uploads/2021/09/Asahi-India-Glass-Ltd-AR-

2020-21-03092021.pdf

• 10 Weekly Asahi India ASAHIINDIA Share price target (tomorrow) | 10 weekly

stock Price (target) Asahi India ASAHIINDIA NSE (munafasutra.com)

• CSR - Environment Protection, Education, Health and Safety | aisglass.com

• https://www.google.com/finance/quote/ASAHIINDIA:NSE?sa=X&ved=2ahUKEwi9

sefux5P4AhUUSGwGHdJ3AqMQ3ecFegQIFxAg