Greenhitech Ventures Ltd.
BBSE:GVL38.00
INR
-0.48
(-1.25%)
ISIN
INE0S0701019
Return %
Stock
S&P 500
1Y
-67.45
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Semi-annual Revenue
INR
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Naved Iqbal
- Full Time Employees
- 9
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Varanasi India
- IPO Date
- Apr 22, 2024
- Website
- greenhitech.org
- Similar Companies
- Business
- Greenhitech Ventures Limited is an India-based energy trading and industrial services company engaged primarily in the trading and distribution of petroleum-based products and biofuels, as well as the provision of operation and maintenance (O&M) job-work services for ethanol manufacturing distilleries. The company operates across two core business divisions: Petroleum and Alternative Fuel Trading, and Distillery Plant Operations and Maintenance Services. The company's product and service portfolio includes the supply and distribution of biofuels such as B100 bio-diesel; light density oils (LDO); furnace oils; industrial and road-construction bitumen; tire-derived fuel oils; and recovered carbon black for industrial heating, manufacturing, infrastructure, and transport applications. In its services segment, the company delivers end-to-end plant operations, routine maintenance, technical workforce deployment, and contract job-work services for government-owned and commercial grain- and biomass-based ethanol production facilities. Originally established in 2011 as a partnership firm named Greentech Hydrocarbons, the entity underwent corporate restructuring and was incorporated as Greenhitech Ventures Limited in May 2023 before transitioning into a public limited entity. In April 2024, the company completed an Initial Public Offering (IPO) on the BSE SME platform (BSE: GVL; Scrip Code: 544163), raising 6.30 crore Indian rupees in fresh equity capital to support operational expansion and working capital needs. In recent strategic developments, the company expanded its presence in sustainable fuels by commissioning production facilities at its subsidiary, GreenKashi Bio Energy, focused on tire pyrolysis oil and recovered carbon black; secured operational contracts for specialized biofuel facilities, including the bamboo-to-ethanol project for Numaligarh Refinery Limited via its subsidiary Tritech; and expanded its administrative footprint with a new corporate office in Noida to manage commercial logistics across India. Greenhitech Ventures Limited is headquartered in Varanasi, Uttar Pradesh, India.