Corporate Feature     

Published: May 31, 2024
Updated: May 31, 2024

Sellwin Traders Ltd.

Revenues spurt 56% to Rs. 61.7 cr. strategic investment in Patel Container

Company turnaround its business operations and reported 56% growth in the total income to reach Rs. 61.7 crore in FY24.

Patel Container signed an MOU in Vibrant Gujarat Global Summit 2024 to invest Rs. 45 crore for manufacturing facility in Bhavnagar to establish a facility for logistic containers in Bhavnagar District, Gujarat. The project is estimated to generate employment for 100 people and expect commencement in the year 2025. Bhavnagar offers strategic advantages for the unit, including proximity to major ports and trade routes, which will optimize logistics and distribution.

During FY24, the company has turnaround its business operations and reported 56% growth in total income to Rs. 61.7 crore as compared to Rs. 39.60 crore in FY23.

Mr. Vedant Panchal, Managing Director, Sellwin Traders Ltd, said, “MOU for making strategic investment in Patel Container India Pvt Ltd was executed on 15 May 2024. This venture not only diversifies Sellwin Traders’ portfolio but also positions it advantageously in a high-growth industry of logistics and metal. By leveraging advanced manufacturing technologies and establishing efficient operational setups, Sellwin Traders can expect fruitful outcomes from this investment in Patel Container India Pvt Ltd.”

The company has also announced plans to invest around Rs. 200 million in Shah Metacorp Ltd (BSE & NSE Listed Company) over the next two years to align with company’s long-term growth strategy and aims to capitalize on the promising opportunities in the metal industry. The investment will be utilized to support Shah Metacorp Ltd’s expansion initiatives, enhance production capacities, strengthen research and development capabilities, and explore new market segments. Shah Metacorp Ltd is known for its strong operational capabilities, innovative products, and sustainable business practices and presents a compelling investment opportunity for our company.

In the company’s board meeting dated 17 May 2024, company has appointed Mr. Vedant Rakesh Panchal as Managing Director and Chairperson of the Company w.e.f. 17.05.2024 subject to the approval of shareholders.

The company has also completed conversion of preferential allotment of 1.2 crore warrants into 1.2 crore Equity Shares of face value Rs. 10 each. Pursuant to conversion, the Issued, Subscribed and Paid-up Equity Share Capital of the Company stands increased to Rs. 20.26 crore consisting of 2,02,60,000 fully paid-up Equity Shares of Rs. 10 each. Company issued the 1.20 crore Equity Shares at a price of Rs. 12.95 per Equity share upon receipt of balance amount at the rate of Rs. 9.7125 per Equity Share.

In April 2024, the company entered in to share purchase agreement, to make a strategic investment in Patel & Patel E-Commerce And Services Pvt Ltd. company agreed to acquire 66.67% of the total paidup share capital in the form of equity shares of Patel & Patel E-Commerce And Services Pvt Ltd. Patel & Patel E-Commerce And Services Pvt Ltd is currently engaged is in business of Software designing, development, customisation, implementation, maintenance, testing and benchmarking, designing, developing and dealing in computer software and solutions.

Mannibhadra Group: The Mannibhadra group is one of the leading financial services group from Gujarat and offers all the financial services to its esteemed clients ranging from equity, debt funds, fixed deposits, commodity etc. The MANNIBHADRA group also believes in diversification not only in terms of investments but sector wise as well, through its following group companies.

• Mannibhadra Finnstock Pvt Ltd
• Mannibhadra Investment Ltd
• Mannibhadra Aggro Pvt Ltd (Subsidiary of Sellwin Traders Ltd)
• Mannibhadra Commodity Pvt Ltd
• Mannibhadra wealth Creation Pvt Ltd

The group is lead by Mr. Monil Vora Founder, Chairman & Managing Director of MANNIBHADRA Group of companies who holds a wide expertise in the financial market with a rich industry experience. Mr. MONIL VORA is a versatile & dynamic leader, entrepreneur having 22 plus years of experience in the investment field. He has institutionalized innovation within the organization so that every employee learns to be an innovator and is rewarded for their contribution. His vision of developing technology & reaching out its services to every nook & corner of our country opens a wide promising career to the poor & economically less privileged people.

He is known to be a man who can transform Vision to a REALITY. Mr. MONIL VORA believes in reaching out to the people across the globe & marking a niche for his services through various other channels as the growth of his company. His wide range of experience has helped him understand changing trends & demands in their respective industries which in turn has emerged.