Sattva Sukun Lifecare (formerly known as Mayukh Dealtrade Limited), a Mumbai-based company, has announced the establishment of a new glass production unit in Firozabad, Uttar Pradesh. This move is part of the company’s strategy for expansion and diversification, aiming to target the growing market for home and corporate decor. The new unit will manufacture products such as lamps, chandeliers, and vases, designed to meet the rising demand in the Indian market.
The Company Will Set Up Its Plant in Firozabad, Known as India’s Glass City
Firozabad, often referred to as India’s “Glass City,” has long been renowned for its glass manufacturing heritage. Located approximately 40 kilometers from Agra, this city accounts for over 70% of India’s MSME glass industry production, including nearly the entire production of glass bangles in the country. The glass-making tradition in Firozabad dates back to the Mughal era when Emperor Akbar established a glass factory in the region during the 16th century. The industry saw significant growth during British rule, and today, Firozabad stands as a major hub of India’s glass industry. Sattva Sukun Lifecare has decided to leverage this rich tradition and the expertise of local artisans.
Sattva Sukun Lifecare Appoints GI holder Shri Roop Singh as Production Manager
The company has appointed Shri Roop Singh as the Production Manager for this new unit. Shri Roop Singh is a holder of a GI (Geographical Indication) certificate, ensuring that the production process adheres to Firozabad’s traditional glassmaking techniques. The GI certificate, awarded to Firozabad’s glass industry in 2014, plays a crucial role in preserving the region’s unique craftsmanship and cultural heritage. This step by Sattva Sukun Lifecare will not only promote local artisans but also help adapt traditional craftsmanship to meet modern market demands.
India’s Home Decor Market Expected to Reach USD 40.80 Billion
India’s home decor market has witnessed rapid growth in recent years. According to a recent report by IMARC Group, the Indian home decor market was valued at USD 25.50 billion in 2024, and it is expected to grow at a CAGR (Compound Annual Growth Rate) of 5.40% from 2025 to 2033, reaching USD 40.80 billion. The primary drivers of this growth include the expansion of e-commerce, rising disposable incomes, and shifting consumer preferences. Sattva Sukun Lifecare is poised to capitalize on this opportunity, particularly through products like lamps, chandeliers, and vases, which are popular for both home and corporate decor.
The company aims to boost its revenue and improve margins through this new unit. With the availability of local resources and skilled artisans in Firozabad, production costs are expected to decrease, enabling the company to offer high-quality products at competitive prices. Additionally, this initiative will contribute to the local economy, which already generates an annual turnover of over ₹3,000 crore, making a significant contribution to India’s economy.
Improvement in Sattva Sukun Lifecare’s Financial Performance
Recently, Sattva Sukun Lifecare has recorded notable improvements in its financial performance. In the quarter ending December 2024 (Q3 FY 2024-25), the company achieved a 29% revenue growth, reaching ₹195.54 lakh, while its net profit surged by 83.84% to ₹69.23 lakh. Furthermore, in the first nine months of the financial year 2024-25, the company’s revenue grew by 64.47% to ₹421.14 lakh, and its net profit soared by 125.6% to ₹164.80 lakh. This financial progress reflects the company’s strategic vision and its ability to adapt to market demands.
