Quint Digital Ltd. Company History and Annual Growth Details

Gaurav mectantiles limited was earlier engaged in ship breaking, trading and investment. However, with the liberalization of imports, the trading activities were marginalized. The investment portfolio of the Company is also being diluted. Therefore, the company has been concentrating on ship breaking activities for several years now. However, we now propose to diversify to purchase of old factories for dismantling and sale thereof, as mentioned above also. From time to time, we may even undertake import and local trading of scrap and coal, as mentioned above, though this activity has not yet been commenced by us. The same is expected to push up the level of our operations as well as the operating results sizably.

The level of operations was kept lower in the past by a conscious decision of the management when the market conditions were volatile. This has been a consistent trait of our management. Besides. However, now, market conditions have stabilized. Besides, apart from ship breaking activities, the Company also plans to exploit potential in another scrap related sector. Several units of textile and machinery have come up for sale in recent past. In future, the company will also diversify to import of coal, which is being imported in large quantities of power sector and Steel Industry.