Rushil Decor announces joint venture, to invest 20 crore in subsidiary

Rushil Decor has announced that its has acquired a manufacturing plant in Bengaluru and formed a joint venture with its promoters to establish Rushil Eco Ply Limited. According to the company, Rushil will have a 51 per cent stake in the subsidiary - Rushil Eco Ply Limited.

The company will also invest around Rs 20 crore in the subsidiary which will help Rushil expand its capacity for producing eco-friendly plywood.

According to Rushil Thakkar, Executive Director of Rushil Decor, the joint venture will help the company grow its business in the plywood segment.

“This deal is surely going to build a strong foundation for Rushil Decor in the plywood segment,” he said.

According to a release, the company is also expanding its value-added MDF (medium-density fibreboard) products to North India, following the successful extension of these products at its Vizag plant. 

The company has over 5,000 dealers and distributors across India. "The advantage of the distribution of eco ply will be huge as the existing network is available and no additional investments are needed in building the supply chain," Rushil Decor said.