Mumbai
SVP Global Ventures Ltd, one of the fastest-growing multinational cotton yarn manufacturers in the country, was listed on the National Stock Exchange yesterday (July 14). The Mumbai-based company commenced trading on NSE at Rs 111.80 per share with a total quantity traded today was 3.49 lacs shares with a total delivery of 54.37%. The market capitalisation of the company post-closing price stood at Rs. 1361.77 Crores.
On the momentous occasion, Chirag Pittie, Whole Time Director, SVP Global Ventures Ltd, said, “With this listing on the prestigious NSE, more investors will be able to participate in the growth story of the company. We aim to focus on the three main national agendas: agriculture, employment, and foreign exchange earning. We will continue to focus on our domestic and international markets using the most modern state of the art machines that provide us with higher operational margins. We are currently on a growth path and want our investors to benefit from it.”
O P Gulia, CEO, SVP Global Ventures Ltd, added, “We have been eagerly looking forward to this listing, and it’s a privilege to be part of the NSE. This is a significant landmark for the company’s progressive journey as this will help us widen our retail investors’ base across the country. We are on a growth trajectory, and the current financial performance has shown steady growth. The company is working towards focussed technology-driven business operations.”
Established in 1898 by Shri Vallabh Pittie, SVP Global Ventures started its business journey as a trader to become one of India’s largest compact cotton yarn manufacturers with a combined experience of promoters and management for over two decades. The company is headquartered in Mumbai and is primarily engaged in manufacturing polyester, polyester & cotton blend, and 100% cotton yarn across 3 state-of-the-art manufacturing facilities in Jhalawar (Rajasthan), Ramnad (Coimbatore, Tamil Nadu) and Sohar (Oman). The professionally managed company has a vision to become a world-leading, fully integrated textile company in manufacturing yarn, fabric and end-user garments; it currently employees more than 3500 people across its manufacturing facilities. The continued focus has been to invest in the best technology, identify manufacturing locations that provide logistic and cost efficiencies.