
Sreedhar N wants to shift Indian construction from brick to dry walls. The company is training workers, engaging developers, and pushing for tighter building codes.
MUMBAI – Saint-Gobain’s India chief Sreedhar N wants to change how the country builds. His top priority since taking the role last April is replacing brick and concrete walls with gypsum boards, glass wool, stone wool and glass – materials that offer better sound and thermal insulation at a fraction of the weight.
“Ever since I have landed here, I’m only doing this,” he said in an interview at the company’s Mumbai office, referring to the campaign.
The French glass and building materials maker dominates India’s gypsum board market. Adoption remains low. Dry walls made from gypsum boards are about 90% lighter than brick walls and provide five times better thermal insulation, according to the company. That can cut both construction and cooling costs over the life of a building.
Sreedhar is working with architects and real estate developers to drive the shift. Saint-Gobain has signed a memorandum of understanding with CEPT University in Ahmedabad to influence upcoming architects. It has also engaged with 20 leading developers including Oberoi Realty and K Raheja Corps to promote its materials. The company is exploring investments in trade schools to train workers in handling gypsum boards and insulation.
Saint-Gobain has stepped up discussions with the central government and state governments to tighten building codes around insulation and material use. That could create a regulatory tailwind for dry-wall construction, which is already standard in the West.
The company also pushes premium glass for better sound and thermal insulation, and construction chemicals for waterproofing. It entered the construction chemicals segment only recently and is relatively small there.
The strategy is not about expanding into categories customers already buy. Saint-Gobain is trying to alter the material choices themselves. Sreedhar said the company is planning influencer campaigns to promote consumer adoption of the newer techniques. They carry a higher upfront cost. They promise savings over time.
Sreedhar became India CEO after serving as Saint-Gobain’s global chief financial officer for more than six years. The move was his choice, he said, driven by the potential in his home country rather than by title or power.
“If I was driven by the number, title and the power, then I should have continued as a global CFO because my CEO was not very keen that I go back,” he said. “I've come back with the purpose because genuinely, I think there's so much to achieve.”
Asked about a possible India listing, Sreedhar dismissed the idea. “To make it a listed company, the kind of hassles you will go through will be phenomenal. And you can do that if the company needs money. You see the cash generation after I took over as a group CFO. Today, we have less than half of the leverage and the debt that we had and our cash generation has gone three times more,” he said.
The company generates strong cash flow, he said, making a public offering unnecessary for now.
India accounts for less than a tenth of Saint-Gobain’s global revenue. Sreedhar sees the region as the company’s biggest growth opportunity. “Fifty percent of the world's population is in my region. So, from a potential point of view, for the coming decade, nowhere in the world can compete with Asia Pacific,” he said.
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