- Business
- Globe Commercials Limited (GLCL.BO), incorporated in 1985 and headquartered in Mumbai, India, engages primarily in the trading, processing, marketing, selling, distributing, and dealing in a diverse range of commodities and merchandise; its core activities encompass agricultural products including pulses, cereals, corn, wheat, rice, grains, seeds, cotton, jute, oils, rubbers, vegetable products, sanitary ware, and commodities related to steel and cast iron types, supplemented by financing services to industrial and commercial enterprises (excluding banking activities as defined under the Banking Regulation Act, 1959), management and financial consultancy, e-commerce solutions, and real estate operations supporting manufacturing, processing, transportation, and trading businesses. The company operates across India with registered offices in Mumbai's Kandivli East and corporate offices in Secunderabad, Telangana, targeting wholesale trade, commercial services, and agricultural markets. In recent developments, the company has significantly expanded its equity capital from INR 6 crore to INR 214 crore through preferential allotment of over 20 million equity shares, secured listing and trading approvals on the Metropolitan Stock Exchange of India, entered into a tripartite agreement with share registrar Purva Sharepro Services Pvt Ltd (now Skyline Financial Services Pvt Ltd) aiming for Bombay Stock Exchange listing, and reported robust financial growth for fiscal year 2025 with consolidated sales surging to INR 748 crore from INR 162 crore in 2024, operating profit rising to INR 36 crore, and net profit reaching INR 26 crore alongside consolidated half-year results for September 2025 showing revenue of INR 434.35 crore and profit of INR 11.81 crore.