Gajanand International Ltd IPO

About Gajanand International Ltd

Gajanand International Limited was originally incorporated as a Private Limited Company with the name Gajanand Cottex Private Limited pursuant to a certificate of incorporation dated June 15, 2009 issued by the ROC in accordance with provisions of the Companies Act, 1956. The name of the Company was subsequently changed to `Gajanand International Private Limited and fresh certificate of incorporation was issued by the ROC dated May 26, 2023, thereafter upon conversion into a public company, pursuant to a shareholders' resolution dated May 27, 2023, the name of the company finally changed to `Gajanand International Limited' and fresh Certificate of Incorporation was issued by the ROC dated June 01, 2023 bearing Corporate Identification Number U01632GJ2009PLC057251. Subsequent to amendment in Object Clause of Memorandum of Association, a fresh certificate of incorporation dated June 18, 2024 was issued by Registrar of Companies, Ahmedabad bearing corporate identification number U01632GJ2009PLC057251.

Manufacturing of Cotton: Manufacturing is emerging as an integral pillar in the country's economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India's GDP pre-pandemic and is projected to be one of the fastest growing sectors. Moreover, the cotton industry in India is a cornerstone of both the agricultural and industrial sectors, with substantial contributions to the economy. India ranks among the top producers of cotton globally, with cultivation spread across states like Maharashtra, Gujarat, Telangana, Punjab, and Madhya Pradesh. Manufacturing exports have registered highest ever annual exports of US$ 447.46 billion with 6.03% growth during FY23 surpassing the previous year (FY22) record exports of US$ 422 billion. Trading in Agro Commodities: India is the world's 2nd largest producer of food grains, fruits and vegetables and the 2nd largest exporter of sugar. Foodgrain production in India touched 330.5 million metric tonnes (MT) in 2022-23 (3rd Advance Estimate). Further, India's foodgrain production touched a record 345.32 million MT in 2021-22. As per the First Advance Estimates for 2023-24 (Kharif only), total foodgrain production in the country is estimated at 148.5 million tonnes. India has access to several natural resources, providing a competitive advantage in the agriculture sector and as a result trading in the agro commodities has proven to be advantageous to the company.

Gajanand International Limited is in cotton and textile industry where it takes kapas as raw material and process Indian Cotton Fiber Quality Standards by minimizing Trash and Moisture, Improving the Cotton Grade Standard and Cotton Packing Standard, and Providing Logistic Support to Ensure Timely Delivery.

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