Globalbees Brands Private Limited, a subsidiary of FirstCry, has acquired an additional 10% stake in Plantex E-Commerce Private Limited. Following this acquisition on September 19, 2025, Globalbees’ shareholding in Plantex has increased from 60% to 70%. Plantex, which specializes in kitchen and home utility products, recorded a turnover of INR 170.85 Crore for the financial year 2024-25.
Increased Investment in Home Utility Brand
FirstCry’s subsidiary, Globalbees Brands Private Limited, has further invested in Plantex E-Commerce Private Limited, increasing its stake. The deal was finalized on September 19, 2025.
Plantex E-Commerce Overview
Plantex E-Commerce Private Limited, established on August 01, 2020, focuses on the kitchen and home utility sector. It operates under brands such as “Plantex,” “Impulse,” and “Planet”.
Financial Performance
Plantex’s recent financial performance includes:
- 2024-25: INR 170.85 Crore
- 2023-24: INR 129.19 Crore
- 2022-23: INR 52.85 Crore
The turnover for 2024-25 was INR 170.85 Crore.
Acquisition Details
Globalbees acquired an additional 10% shareholding in Plantex from existing shareholders for INR 19.96 Crores. This increases Globalbees’ total stake in Plantex to 70% from the previous 60%.
Source: BSE
