GITFZE has been incorporated with the primary objective of engaging in international trading and distribution activities of products and services offered by the company. This strategic expansion is aimed at strengthening the company’s global market presence, optimising its international supply chain, and driving business growth in overseas markets.

Greaves Cotton will hold 100% of the share capital of the newly incorporated subsidiary.

Greaves Cotton (GCL), also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company. Through its five independent business units—Greaves Engineering, Greaves Electric Mobility, Greaves Retail, Greaves Finance, and Greaves Technologies—Greaves combines agility with strategic focus, delivering innovation and enhancing accessibility for consumers.

The company’s consolidated net profit declined 6.28% to Rs 22.54 crore in Q4 FY26 from Rs 24.05 crore in Q4 FY25. Revenue from operations jumped 21.56% YoY to Rs 1000.26 crore in Q4 FY26.

The counter declined 3.41% to end at Rs 205.25 on Tuesday, 23 June 2026.