Brainbees Solutions Ltd. Company History and Annual Growth Details

Our Company was incorporated on May 17, 2010, as a private limited company under the Companies Act 1956, with the name “Brainbees Solutions Private Limited”, at Pune pursuant to a certificate of incorporation issued by the RoC. Upon the conversion of our Company to a public limited company, pursuant to a resolution passed by our Board on August 31, 2023 and a resolution passed by our Shareholders at the extra-ordinary general meeting on September 5, 2023, the name of our Company was changed to “Brainbees Solutions Limited”. A fresh certificate of incorporation dated November 2, 2023 was issued by the RoC consequent to our Company’s conversion into a public limited company.

Major Events and Milestones:

2010

-Incorporation of our Company

-Delivered the first shipment of an online order

2011

-Opened our first Firstcry.com franchisee physical store at Bharuch, Gujarat

-Launched our home brands “BabyHug” and “Cutewalk”

2013

-Launched Firstcry hospital gift hamper program

2014

-Launched same day and next day delivering options

2016

-Ratan Tata became an investor in our Company

-Acquired the “Babyoye” business from erstwhile MRL

2017

-Launched Firstcry parenting platform

2018

-Signed an international license agreement with The William Carter Company for obtaining rights and licenses from The William Carter Company in order to carry out sale of purchased products by our Company

-Launched “Intellikit”, a kids’ education subscription program

-Launched premium fashion brand for babywear “Babyoye”

2019

-Opened our 500th franchisee physical store in India

-Launched Firstcry.ae in UAE

-Acquired a school business and entered into the preschool education business

2020

-Opened our first BabyHug company owned physical store in Dhanori, Pune, Maharastra, India

-Acquired majority stake in Swara Baby Products Private Limited (“Swara Baby”), a diaper manufacturer company. For details see, “– Details regarding material acquisitions or divestments of business/undertakings, mergers, amalgamation, any revaluation of assets, etc. in the last 10 years –

-Acquisition of Swara Baby” below

-Launched PineKids for 4-12 age group

2021

-Acquired majority stake in Globalbees Brands

-Firstcry Club Membership was launched on both online and offline platforms

2022

-Acquired Digital Age. For details see, “– Details regarding material acquisitions or divestments of business/undertakings, mergers, amalgamation, any revaluation of assets, etc. in the last 10 years –

-Acquisition of Digital Age” below

2022

-Commenced operations in KSA

2023

-Increased our shareholding in our Subsidiary, Swara Baby. For details see, “– Details regarding material acquisitions or divestments of business/undertakings, mergers, amalgamation, any revaluation of assets, etc. in the last 10 years – Acquisition of Swara Baby” below