Company Spotlight
By: Gomathy Venkateswaran, CEO, Fuego Furniture
We Communicate Your Leadership Thoughts
We Communicate Your Leadership Thoughts
Ravinder Goel , Founder & Director
As per Researchand Markets.com's offerings, India Furniture Market was $17.77 billion in 2020 and will rise to $37.72 billion by the end of the year 2026, growing at a double digit CAGR of 13.37 percent during 2020-2026. Owing to its rich handicraft and attractive traditional art &design, the Indian Furniture industry is popular in the nation and internationally as well. The Indian Furniture market has evolved over time and has broadened its market from chair and table to designed interiors like wardrobe, sofas, and more. However, the Indian Furniture industry still needs more focus towards employment, production, exports, furniture parks, incentives & schemes to entrepreneurs, and overall infrastructure. While the demand for the furniture industry in India is vast, the position of India in this sector is weak, as the sector is largely fragmented. Being a highly unorganized segment, India's Furniture industry is still an untapped market, but with great potential.
By: Gomathy Venkateswaran, CEO, Fuego Furniture
How Digital Transformation Is Revolutionizing The E-Commerce Furniture Industry
By: CEOInsights Team
Until the year-end of 2019, evolution in consumer demand and advancement in technologies were considered to be the ultimate reasons for changes and revolution in any industry.
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Top 10 Leaders in Luxury Sofa Brands - 2021
India's exceptional and unique furniture design, with its rich handcraft and appealing traditional art & style, is well known beyond the borders. The luxury furniture having zero margin errors, created with latest developed technology and a surge in demand for customizable furniture has made the Indian luxury furniture market one of the most vibrant and fast growing industries. Increasing construction activities of working spaces and residential buildings, surging real estate, and increasing disposable income are some of the impetus leading the market growth. Due to increasing disposable income, people are today eager to make unique themes for their homes, thus selecting luxury furniture matching the theme or room colour along with comfort, while simultaneously not taking-up much space.
The installation of luxury furniture can improve a home's appearance and boost its value. Luxury furniture made from wood and metal is gaining popularity among consumers in India due to its high aesthetic value and durability. According to reports of Indiare tailing, the luxury furniture market in India is expected to garner more than $200 billion by 2030. The middle income households with better disposable income will climb-up the ladder to be upper middle income house holds demanding better products and services.
In the past, the lack of furnishings in India have dismayed our European counterparts, and they imported furniture as its use was sparse and only basic furniture were used in common households in India at that time. Today, the Indian furniture industry has under gone changes in a very large scale. The veterans in luxury sofa and furniture making have undergone many changes with time and technology. Many luxury furniture companies are now offering environment friendly alternatives in order to reduce their carbon footprints.
In this issue, the CEO Insights magazine introduces a list of ‘Top 10 Leaders in Luxury Sofa Brands - 2021'. Crafted by a team of Industry veterans, CEOs, VCs and the CEO Insights editorial team, this archive recognizes individuals who have helped in the transformation and growth of luxury furniture sector of the country.
Our subscribers play a decisive role in finalization of our annual list of "Top 10 Leaders in Luxury Sofa Brands - 2021" by nominating those which have served them with excellence and are praiseworthy. If you feel there is a company that deserves to be on our annual list, do write to us about them mentioning their value proposition.
| Company Logo | Company Management | Company Name | Company Description |
|---|---|---|---|
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Ameeta Shah,Design Consultant | Vivono | Ameeta Shah has 18+ years of experience in furniture industry with world class skills in store management, design consulting, interior designing, marketing, new business development & sales |
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Amruth Sampige,Managing Partner | Dash Square | He is the proud Founder of another company - Couch Potato, along with being the Co-Founder of Dash Square |
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Ankit Garg,Founder | Wakefit Innovations | An alumnus of Indian Institute of Technology, Roorkee, Ankit has unbarred skills in sales & marketing |
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Ashwin Mathur Ramaswsamy,Partner | Chester's India | Ashwin started working at an young age & with extensive experience in event management & business development contributes to revenue generation |
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Nisha Manghnani,Founder & CEO | SCASA | A renowned leader with a team of topnotch professionals helping in development of luxury furniture in Hyderabad with excellent design style and customized furniture according to customers |
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Ravi Ramchandani,MD | Grandeur Interiors | Ravi strives for business progress in a various locations of the world with lucrative skills in finance, accounting, imports & operations, strategic financial planning, managerial finance & accounting |
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Ravinder Goel,Founder & Director | Little Nap Recliners | Ravinder an excellent leader in business strategy development in international locations contributes to marketing, talent acquisition, product retail, team management & business |
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Sameer Hora,Owner | IDUS Furniture Store | Sameer Hora renowned for new business development, sales management & furniture business contributes to marketing & sales |
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Sarika Bhandari, MD | Yash Furnitures | A vibrant and energetic person, Sarika has played a significant role in establishing and leading Yash Furnitures as a premium furniture leader |
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Vikas Nair,Founder | RedOak Furniture | Passionate about building a legacy that will last way longer than him, starting his exclusive venture by the brand name RedOAK was an inevitable choice for Vikas |
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