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Magicrete Building Solutions makes Autoclaved Aerated Concrete products and construction chemicals in Surat, India.
Founded by Puneet Mittal, Sidharth Bansal and Sourabh Bansal and headquartered in Surat, India, Magicrete makes AAC blocks and wall panels, block jointing mortars and other construction chemicals for builders and contractors in India, the Middle East and Southeast Asia. For fiscal 2023 it reported revenue of INR 40,196,090.80 and EBITDA of INR 7,278,153.60. In February 2023 it raised INR 660 million in a GROWTH round led by India SME Investments, and the directory records 4 deals to date.
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