Karuturi Global Limited Karuturi Global Limited Karuturi Global Limited Karuturi Global Limited

History
  • 1995: Incorporated Karuturi Floritech - a 100% EOU unit for floriculture.
  • 1996: Established first production facility near Bangalore
  • 1999: Set up an Internet Auction Portal by the name Rose Bazaar.com to derive benefits of disintermediation through use of Internet. Set up 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: Invested in a private Satellite Gateway and an IDC as a part of the Rose Bazaar initiative. The Company also got Class .B. ISP licence from the Department of telecom as a statutory requirement for a private Internet Satellite Gateway and has since been renamed Karuturi Global Ltd. To use surplus bandwidth capacity, the Company started selling VPN circuits and leased line circuits to quality conscious corporates with Ultimate selling point (USP) of near IPLC quality with 640 ms latency non shared bandwidth.
  • 2003: Emerged as the lowest cost rose grower and the largest rose producer in the country.
  • 2004: Conceptualised the Ethiopian initiative and set up a wholly owned subsidiary in Ethiopia, Africa, called Ethiopian Meadows Plc to produce HT cut roses.
  • 2005: Conceptualised the synergistic foray into processed foods . gherkins.
  • 2006: Received the largest order for roses in its history from the latest retail chain in UK. Embarked on setting up a gherkins bottling plant.
 
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