Airo Lam was originally incorporated as ‘Airo Lam Limited’ at Ahmedabad, Gujarat as a Public Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated October 22, 2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The Company also obtained Certificate of Commencement of Business by the Registrar of Companies on November 06, 2007.

They strive to compete with other dominant players in the industry with quality products and wide range of designs. They offers laminated sheets, pre-laminated boards, and laminated floorings under the various brands, such as Classico, Airolam, I-Lam, Airolite, Airoline, I-Lite, Premium Airodoor, Airodoor, Airo Flexi, Airo xterior, Airo Digilam, etc. The Company's products mainly used in the kitchen furniture, workshops, bathroom furniture, interior doors, counter tops, and interior wall linings.

Business area of the company

The Company is engaged in manufacturing of Hi Pressure decorative laminates. They serves homes, offices, libraries, schools, colleges, universities, hospitals, laboratories, hotels, restaurants, shopping malls, food courts, store interiors, or airports through a network of dealers. The company also exports its products to various countries including the UAE, Syria, Kuwait, Bangladesh, Dubai, Singapore, Iran, etc. At present they have around 70 distributors and 4 stock points across the country.

Major events and milestones

2007: Incorporation of the company as Airo Lam Limited.
2007: Received Certificate of Commencement of Business.
2008: ISO 9001: 2000 certificate.
2014: ISO 9001: 2008 Certificate.
2016: Greenguard Certification-Product for low chemical emissions.
2016: Certificate by Rainforest Alliance for Forest Stewardship Council Chain of Custody certification standards.
2016: Single Chain of Custody Certification by Rainforest Alliance.
2016: Certification by Bureau of Indian Standards.
2017: Registration of Brand name ‘AIRO LAMIPANEL’.
2017: Certificate of Membership by Indian Green Building Council.

Company	Market Price	MCAP(Cr)	P/B	P/E	EPS	ROE
AIROLAM	110(3.8%)	165	2.5	21.1	12.6	12.4
WIPL	115.85(0.0%)	115	2.8	37.6	9.5	6.8
STYLAMIND	1695(-1.2%)	2,895	6.6	28.3	31.9	26.4
GREENLAM	430.05(0.4%)	5,433	5.4	39.5	17.4	18.7

Peer Comparison