Proventus Agrocom Acquires Gujarat Facility to Boost Production Capacity, Targets ₹1,000 Crores in Revenue by FY28

1) Cellecor Gadgets Limited

• Business Overview – Incorporated in 2020, CGL is in the electronics device business. It sells products in its own brand, including mobile feature phones, smartwatches, TWS (True Wireless Stereo) earbuds, neckbands, LED TVs, etc. which it outsources from various electronic assemblers and manufacturers.
• Recent Filings – Company announced launch of a new series of refrigerators, geysers, and room heaters, diversifying their portfolio with modern solutions to meet customer needs. The continued expansion into household products will diversify its revenue streams and enhance its brand presence in the home appliance market.
• Outlook –
  • Company is expanding their product range  to include air conditioners, Smart TVs, Laptops and other items of home appliances which will derive sales from the households.
  • Company is also working on its distribution channel by increasing distributors count from 1,000+ to 1,400+, retail sales points from 32,000+ to 50,000+, ramping up online sales, entering tie-ups with retail chain stores and targeting corporate sales.
  • Company also intends on starting its own manufacturing facilities.
• 1Y Price Chart –

2) Proventus Agrocom Limited

• Business Overview – Incorporated in 2015, Company operates as an integrated health food brand with a strong presence in dry fruits, nuts, seeds, berries, and healthy snacking products, serves major clients like Dmart, Reliance Retail, and Amazon, positioning itself as a key player in the health food market.
• Recent Filings – Company has acquired a large land and building in Gujarat for a manufacturing facility. This investment, worth approximately Rs. 12 crores, will allow production up to 800,000 units per day, with operations expected to commence by the end of the year. This strategic move positions the company to meet rising demand and supports its ambitious goal of achieving Rs. 1,000 crores in revenue by FY 2028.
• Outlook –
  • The company aims to achieve brand sales of INR 1,000 crores by FY28, up from INR 303 crores in FY24, targeting a CAGR of 32%.
  • Company plans to improve its gross margin from 17% in FY24 to 30% by FY28.
  • Company plans to increase its production capacity from the current 1.25 lakh pouches per day to around 1 million pouches per day by FY28.
  • Company plans to consistently invest 5-7% of its revenue in marketing and brand building efforts.
  • Company intends to invest INR 15-18 crores in capex over the next 24 months to expand its production facilities.
• Price Chart since listing –

3) Sahaj Solar Limited

• Business Overview – Founded in 2010, Company is a renewable energy solution provider engaged majorly into three businesses being manufacturing of PV modules, providing solar water pumping systems and providing EPC services to our PAN India customers.
• Recent Filings – Company received Work Order from Jilla Parishad Nandurbar, Maharashtra for Design, Supply, Installation and Maintenance of 1 HP solar dual drinking water pumps. The total contract value stands at approximately ₹19.99 crores, to be completed in 12 months. This project aligns with government initiatives for rural water supply, strengthening Sahaj Solar’s reputation in sustainable energy solutions. It opens doors for future public sector collaborations and rural electrification projects.
• Price Chart since listing –

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