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* - Tentative Dates
The company proposes deploying the Net Proceeds towards the Objects in accordance with the estimated schedule of implementation and deployment of funds outlined in the table below:
Globe Textiles (india) Limited's revenue increased by 4.22% and profit after tax (PAT) dropped by -12.27% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 239.16 | 258.77 |
| Revenue | 401.83 | 385.56 |
| Profit After Tax | 4.51 | 5.14 |
| Amount in ₹ Crore | ||
Globe Textiles (india) Limited was established in October 1995. The company caters to both the domestic and international markets. Their company has been recognized as a “One Star Export House” by the Government of India. Over the years, the company has also received many awards such as being an OKO-TEX certified textile mill for manufacturing fabrics and home textiles. The company mainly focuses on the high quality of fabrics and garments all over the world, utilizing the best technology, supplying high quality textiles at the most competitive prices and maintaining long-term cooperation with its customers.
The company is also involved in trading yarns, denims and other fabrics, shirt fabrics and jeans. It also carries out contract work for many customers. The company relies on its experience and standards and meets key specifications and customer requirements. The company strongly believes in the quality of its products, its customer-centric approach, focus on people, ethical business practices and good corporate citizenship.
The company has developed a marketing strategy for its products. The company’s expertise lies in understanding the prevailing trends in all the products it markets and the buying preferences of its customers and producing high quality fabrics accordingly to guarantee them product quality, comfort and consistent fit. In addition, the company has the experience to identify gaps and penetrate the untapped market of apparel segments with its own products.
