Marble business in India is presently a rapidly thriving business considering the scope and promising future that it holds for marble business enthusiasts. If targeted in the right market, the marble and granite business can shine and mint huge profits in India’s geographical boundaries. Marbles and granites are considered the vital elements required in the building, and they are widely getting acclaim for the beauty and glittering touch that it gives to the indoor surface within the premise or building.
The demand for marbles and granites in India is soaring high, thereby giving the push to marble business in India and opening the windows of hope for the business enthusiasts who are willing to enter this form of business. In order to witness the accelerating demand for marble tiles in India, you can visit hospitals, colleges, hotels, houses(especially in urban parts of India), and even other places, and you will be getting a glimpse of eye-captivating and highly appealing visuals that is a result of usage of marbles in such places. The attraction value of marble depends upon its smoothness, hardness, durability, and finish, which enhances the value of a building. The Indian government is quite aware of the potential and value of polished tiles, and thus, it has made the marble tiles industry a crucial part of the export thrust domain.
A Good Business Plan is the Principal Constituent
Investing your thoughts and energy in drafting a sound business plan should be the first step in the journey of initiating any business as business plans are the pillars that support the organization in moving ahead in the right direction with a mission-oriented approach.
Initially, you will be making a decision regarding the type of business in which you will be immersing yourself completely. Thereafter, you can expect favourable outcomes in the future course of time.
A well-written business plan would serve the purpose of a roadmap, and it would authorize the entrepreneurs to lay out their short-term and long-term goals and keep tracking the growth of their business as it begins to leap ahead. Business owners and budding entrepreneurs will be able to make critical and better decisions at the right time.
You should proceed ahead for doing a proper analysis of those people who are already engrossed and established themselves in the same form of business. Are you up with the plan to grant full-service fabrication or outsource the actual fabrication work to a supplier and concentrate on sales as well as installation work? After working out such details, you need to outline the equipment and premises you may require, which would eventually help you ascertain how much capital and other financial resources will be needed.
Also, you can’t avoid giving serious attention to the size of the local market. Keeping knowledge about your competitors and their moves would help you stand out amidst the crowd. Thus, equipping up your business plan would be a wise decision before commencing a granite and marble business in India.
Marble Business in India- Financing and Investment Realm
If you have ample money under your belt to kick-start the granite and marble business in India, you need to look for the arrangement of finances and finance-related resources. During the initial days, purchase inventory, keep running your marble and granite business for a few months and then take help from the local banks and obtain loans from them.
Before coming to the investment and financing part, you must check your business plan, your destination where you wish to reach, and expectations concerning the profitability, background, the amount of money that would require, and further details.
In India, start-up businesses will be getting financial assistance via short-term and long-term loans from banks and other private financial institutes and lending organizations. Can you expect business funding without an adequate business plan? Well, we don’t think so.
Financial providers and lending-based institutes would think of investing in your company when they find that your business plan is effective, and it may generate promising returns. If they would find that your business plan lacks clarity, they may not be willing to come up for investing in your company. Thus, heading ahead with a business plan would lure financial providers and lending organizations towards your business and would hopefully assist you in giving a monetary push to your marble business in India. Serve business plan to your external investors and get assistance from them to accelerate your business and give it a dream run.
Finding a Perfect Location is the Mantra
Once your plan is all set, you must start implementing the plans inscribed on the paper. The immediate requirement for any business is to find a perfect location. Finding a suitable location is more than just selecting a premise or space. Opting for a perfect location is the success mantra for the smooth and impactful run of a marble business in India.
If you are eyeing mainly on sales as well as installation, look out for an appropriate sales office along with proper parking facilities for your installation vehicles and modest storage for tools. In case full fabrication is your pick, proceed ahead for discovering a larger work area, loads of necessary equipment, and better space for a showroom would do wonders. You need to ensure that your employees, as well as customers, are finding the charges affordable, and free parking or lower charges would act as excellent factors. Also, you must ensure that the parking lot is well-maintained and suitably lit.
Once you commit the mistake of selecting the wrong location, you can’t repair it anytime in the future. You need to come up with the picture of what you are acquiring at the current moment and what you are looking forward to acquiring as it would help you choose the desired location, meeting the demands of your business and customer base. Monitoring traffic around the location you are planning to opt for would clarify things and help you make the best decision regarding location selection.
Strengthening Bond with Suppliers
A flourishing granite and marble business in India demands a healthy relationship between suppliers and entrepreneurs/business owners. You need to be a part of trade shows and industry functions in order to interact with as many suppliers as possible. Also, you may visit their showrooms to discuss with them. Formulating a strategic partnership would be beneficial for your marble business in India.
Granites and marbles are considered high-end materials. There is a wide range of options available in terms of variety in colours and patterns. Thus, meeting suppliers would help you know what’s best for a particular place and what would draw the attention of customers and employees as well.
Permits and Registration Required for Running Marble Business in India
You may start the small to medium Business either a Proprietorship or Partnership Firm.
If you are starting this Business as One Person Company, then you have to register your firm as a proprietorship.
For Partnership operation, you have to register as a limited liability partnership (LLP) or Pvt. Ltd. Company with Registrar of Companies (ROC).
it is mandatory to get the GST number to run the business; you need to apply for the GST registration.
obtain trade license from local authorities
this MSME/SSI Registration will help you to get schemes and facility for the business offers by the state government
BIS has mentioned the specific quality standard for Business. ISI specification for the sanitary napkin is IS 5405:1980.
you can secure your brand with trademark registration
IEC code is essential for the export of the product
This business is categories under food processing business; therefore, you must have to take the FSSAI license.
apply for pollution certificate this business produces an offensive odour.
Employees state insurance which is an insurance scheme for workers.
Employees provident fund is compulsory for the business where more than 20 employees are working.
To comply with the above processes and registration, one might need any legal expert who would help in absolute legal compliance to meet industrial standards.
The Requirement for Human Resources in this Business
Human resources associated with all the organizations are the driving force behind the accomplishments of businesses, firms, and enterprises. In order to run a marble business, you would need a pool of staff members, including salespeople, stoneworkers, along with the staff handling the administrative role.
In case you are capable of handling sales, administrative, and accounting work, then there is no need for you to bring outsiders on board. However, you can think of increasing lending hands in the organization if you plan to expand your business or run it on a large scale. In addition to this, on a large scale, you would have to bring more stone workers, clerks, labor, accountant, supervisor, and even more people on board.
Machine and Equipment Needed in Marble Business in India
In marble business in India, wholesalers would demand for forklift, a vast warehouse, and trucks for the purpose of delivery. In addition to this, there is a requirement for manufacturer to buy an array of equipment required in granite and marble business in India.
Equipment required by the marble manufacturers’ are-
- Hydraulic Filter Press
- Line Conveyor
- Bucket Elevators
- Shuttle Kiln
- Ball Mill
- Pot Mill
- Glaze Vat
Raw Materials Requirements
Raw materials are known as the basic ingredients for any business. You will be conducting proper research and identify those raw materials that would meet the demand of the marble business in India. Your interaction with suppliers and conversation regarding raw materials distribution would simplify the objectives of your discussion. Moreover, you will be discovering ways through which you will be managing the raw materials and usher your marble business in India on the path of accomplishments.
Marble Tiles Manufacturing Process
The marble tiles manufacturing process is showcased below-
Polishing & Shining
After marbles or strips or marble slabs are equipped for the polishing part, a large conveyor system moves them via the line of polishing. The process initiates with rough diamond abrasives and then slowly progresses to finer and more elegant abrasives- a method of sanding fine hard works.
Process of Designing
In the designing process, customers can proceed ahead to take the glimpse of the slabs to pick one with color and veining desires. As all the slabs of marbles would have their distinct features, designing process is firmly suggested.
Method of Fabrication
After picking the appropriate slab or slabs of marble needed, natural stone installers will be helpful in measuring the area in the home in order to extract standards and initiate the fabrication method. After winding up the process, marble slabs would get installed.
Marketing Strategy Concerning Marble Business in India
Implementation of relevant marketing strategies and plans would accelerate the sales growth of your marbles. Formulating a sound marketing plan would bring heaps of positive outcomes for your marble business in India. Initiate your marketing strategy by determining the channel through which you will be selling your products. In case you are eyeing to sell your products through the online medium or internet, you can proceed ahead with the creation of your highly appealing website that must ensure that all the detailed information will be provided regarding the products and prices.
You can opt for creating social networking pages and make your presence felt, and eventually get noticed by the maximum number of people. In addition to this, it’s extremely crucial to forming relationships with various complementary businesses in your market that plays a supportive role in the progress of your business, from wholesalers of plumbing fixtures – granite and marble normally go to countertops & vanities, which demand plumbing – to renovation firms, homebuilders, cabinetmakers, people from other trades as well as local interior designers.
You must consider spending a segment of your start-up capital on at least a general website so that potential clients and designers may reach you. As Word of mouth is known as the best medium of advertising, and social media and it magnifies its effect, draft a marketing plan to set up a Facebook page of your company, or you can also gear up with an Instagram feed, where you can exhibit off high-quality photos of your current work and post testimonials that you’ve received from the satisfied clients.
The future of marble business in India stores prosperous days for marble business enthusiasts as these days people are getting attracted towards the decoration and eye-captivating things while visiting the hotels and restaurants. In such places, when people find the ambience attractive, they would visit again. Thus, the role of marble business in India has witnessed rise in the last few years.