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. 2009 -Managing Director of Karuturi Global Ltd is conferred with prestigious award for business excellence in Agribusiness in Africa by CCA. -Addis Ababa, Ethiopia - - The second largest flower farm around Woliso town of Oromia State, which is owned by an Indian business company, Surya Blossoms, was officially inaugurated. -Ethiopia - Indian Company launches multimillion birr agro-investment project in Gambella 2010 -Karuturi Global Ltd , the worldÂs largest producer of cut roses has reached an understanding to pick up 54% stake in Mumbai based Florista. 2011 -Karuturi Global Ltd has on acquisition of 58% stake in Florista India Pvt Ltd by the Company. -Karuturi Global Ltd has a Press Released titled "Karuturi 1st Maize Crop effected by Flash Floods". 2013 -"Karuturi Global restructures Foreign Currency Convertible Bonds". -Mr. Raaj Sah ceases to be Director from the Board. |