Karuturi Global Ltd - KARUTURI GLOBAL Share Price

Summary

Karuturi Global Limited (KGL) was blossomed on 26th December of the year 1994 as a Karuturi Floritech in Doddaballapur, near Bangalore with an annual capacity to process 12 million premium cut roses at its state-of-the-art facilities (a 100% EOU unit for floriculture). KGL is engaged in three businesses, such as floriculture, processing foods - gherkins, and information technology. Promoted by Ramakrishna Karuturi, the company has set up a wholly owned subsidiary in Ethiopia, Africa - Ethiopian Meadows Plc - to produce roses with a special focus on HT roses. And today with the combined production capacities of India and Ethiopia, Karuturi ranks amongst one the largest cut rose producers in the world with a strong global presence. In addition to cut roses, the company also supplies cut rose products such as rose plants, coco peat and coco cups to customers across over 15 countries including Holland, Germany, United Kingdom, Italy, Singapore, Taiwan, Bahrain, Muscat, Dubai, Australia, Japan, New Zealand, Brunei and across North America. KGL had established the first production facility near Bangalore after a year from incorporation for its production purpose. During the year 1999, the company had set up an Internet Auction Portal by the name Rose Bazaar.com to derive benefits of disintermediation through use of Internet. Also set up second production facility for roses near Bangalore taking the total size of rose farms to 10 hectares. In keeping with the changing focus, the... Read More