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Jonjua Overseas Ltd has set up a Global In-house Centre (GIC) at an approximate cost of Rs. 45 crores, funded entirely through internal accruals or promoter loans with no bank debt or government subsidy. The company has acquired several tradenames with nearly 35 years of global market presence to strengthen its brand portfolio and expand into new geographies. The GIC will focus on aviation and aviation engineering/infrastructure, outsourcing, trading of unlisted securities, and agriculture, supported by an in-house business library. The company highlights itself as a zero-bank-debt company listed on the BSE SME platform.
This is a strategic infrastructure and brand-building investment rather than an immediate revenue trigger. Shareholders should note the Rs. 45 crore capital deployment and the diversification into new verticals, but the actual impact on revenue and profitability will depend on how effectively the GIC attracts global business in the coming quarters.