SVP Global Venture Pvt. Ltd. Announces its NSE Listing
SVP Global Ventures, the fastest growing Indian international in cotton yarn manufacturing today got listed on NSE. The listing was carried out in a wonderful event at NSE office in Mumbai.
Mr. Chirag Pittie, the Whole Time Director of the Company was the chief of event. Ms. Rachna Bhusari, Head of Listing Business Development, represented the NSE. The listing was revealed by sounding the popular gong at 0915 hours on 14 Jul 21.
Speaking at the inaugural ceremony Mr. Chirag Pittie stated, “Today SVP Global Ventures has attained another turning point in its journey of growth. The Company is the leading maker of Compact cotton yarn worldwide. We are most innovative cutting-edge innovation based business. The company is on a development trajectory. We have actually attained continual growth year on year. Listing of Company on NSE will provide larger protection and opportunity to more number of retail investors to take part in the development story.”
Previously this month the company announced its Q4FY21 and FY21 results. Discussing the sustained growth Maj Gen OP Gulia, CEO of the Group stated, “The company recuperated highly from the COVID-19 lockdown in the first half of the year and published EBIDTA of 94 Crs. in Q4FY21, a development of 41.4% YoY and net earnings of Rs. 38.25 crore for the quarter ended March 2021. The earnings rose to Rs. 571.1 crore throughout the fourth quarter.”
Established in 1898 by Shri Vallabh Pittie Group, SVP Global Ventures Ltd. is headquartered in Mumbai, India and is primarily engaged in business of making high quality Combed Compact Cotton and combined yarn across modern production facilities. The Company is leading makers of combed compact cotton yarn worldwide. It exports yarn to leading textile manufacturing countries, like Vietnam, Bangladesh, China, Pakistan, Turkey and Portugal. The Group’s vision is to become a fully incorporated leading textile Company in the world.