1995 - Incorporated in 1994-95, as Karuturi Floritech a 100% EOU unit
for floriculture, promoted by Ms Anita Karuturi and was engaged in
three businesses floriculture, processing foods - gherkins, and
information technology.
1996 - Established its first production facility near Bangalore.
1999 - Company set up an Internet Auction Portal named Rose
Bazaar.com to gain benefits of disintermediation through the use of
Internet.
- Company also set up its second production facility for roses near
Bangalore taking the total size of rose farms to 10 hectares.
2000 - In keeping with the changing focus, the company changed its
name from Karuturi Floritech Ltd., to Karuturi.com Ltd.
2001 - It invested in a private Satellite Gateway and an IDC as a
part of the Rose Bazaar initiative.
- The Company also got Class .B. ISP license from the Department of
telecom as a statutory requirement for a private Internet Satellite
Gateway and has since been renamed Karuturi Networks Ltd.
2003 - The company emerged as the lowest cost rose cultivator and the
largest rose producer in the country.
2004 - The company conceptualized the Ethiopian initiative and set up
a wholly owned subsidiary in Ethiopia, Africa, called Ethiopian
Meadows Plc to produce HT cut roses.
2005 - Further it conceptualized the synergistic foray into processed
foods.
2006 - Company received the largest order for roses in its history
from the latest retail chain in UK.
2007 - On Oct. 19, 2007, Karuturi Networks completed all formalities
required for the acquisition of infrastructure and management control
of Sher Agencies, Kenya.
-The Company has issued Bonus Shares in the Ratio of 1:1.
2008 - It has fixed 11th April, 2008, as the record date for the
stock split of Rs 10 per share of the Company into the shares of Rs 1
each.
- Name of the company was changed from Karuturi Networks to Karuturi
Global Ltd on 17th March. |