Growington Ventures India Limited, promoted by CA Vikram Bajaj, is a Mumbai-based BSE listed company aiming for strong growth momentum in the future. Company has posted excellent results for the Q3 & Nine months of FY24 ended December 2023 is expected to continue the growth momentum going forward.
For Nine months of FY24, company posted total revenue of Rs. 23.81 crore, 163% growth Y-o-Y as compared to revenue of Rs. 9.04 crore in nine months of FY23. Net Profit during nine months of FY24 surged 328% to Rs. 1.75 crore as against net profit of Rs. 40.88 lakh in the corresponding period last year. In November 2023, the company was migrated from the SME platform of BSE to the main board of BSE Ltd, receiving shareholder approval. The board meeting on July 15 approved the migration of equity shares, passed through a postal ballot by shareholders.
Company has sub-divided its equity share having face value of Rs. 10 each, fully paid-up into 10 equity shares having face value of Rs. 1 each fully paid-up, as approved by the shareholders through Postal Ballot on January 17, 2024. Growington Ventures Ltd is a professional company that supplies fresh fruits to corporates in hospitality and e-commerce. They source fruits from farms in Turkey, Vietnam, South Africa, Greece, and Chile. Their USP is quality checks, international standard packaging, and quick logistics. They have developed a brand called “GROWFAMIO” to promote quality fruits and provide excellent customer service.
