In a significant business development, Globalbees Brands Private Limited, a material subsidiary of Brainbees Solutions Limited, has invested ₹5.88 crore in Solarista Renewables Private Limited, further increasing its stake by 22.5%. This investment is part of a continued expansion strategy following a Shareholders Agreement dated April 5, 2022, which outlines Globalbees’ commitment to strengthen its position in Solarista Renewables.

Solarista Renewables, a step-down subsidiary of Brainbees Solutions, is known for its bags and rainwear products under the brand name "The Clownfish". The investment solidifies Globalbees' growing presence in the consumer products market, focusing on high-demand product categories such as travel accessories and weather-resistant gear.

As per the latest financial data, Solarista Renewables generated a turnover of ₹34.18 crore for the financial year 2023-24, with a net worth of ₹22.22 crore. Over the past three years, Solarista has shown consistent growth, with ₹32.80 crore in turnover for 2022-23, up from ₹22.5 crore in 2021-22. The turnover growth in 2021-22 was bolstered by the acquisition of the "Clownfish" brand from M/S Sky Venture via a Business Transfer Agreement dated April 2, 2022. This acquisition allowed Solarista Renewables to expand its product offerings, positioning itself as a key player in the bags and rainwear market.

The investment by Globalbees Brands aligns with its larger strategy to invest in high-growth consumer brands and expand its portfolio in diverse product categories. The Clownfish brand is particularly attractive due to its focus on travel bags, office bags, and weatherproof rainwear—categories that have seen rising demand due to increased consumer interest in functional, durable, and stylish travel accessories.

Globalbees Brands Private Limited, as a Brainbees Solutions subsidiary, has been instrumental in shaping the company’s investment strategy, ensuring that the group continues to grow its footprint in the retail market, especially in segments that promise both short-term gains and long-term sustainability.

The acquisition is structured through a cash consideration, and no regulatory approvals were required, given that the transaction is conducted at arm’s length. The total shareholding by Globalbees in Solarista Renewables is now 22.5%, giving the company a significant influence without intending to take full control over its operations.

Solarista Renewables has a strong presence in India, with its operations and products gaining popularity across the country. The company’s core offerings—bags and rainwear—under the "Clownfish" brand have resonated with customers who value quality, design, and functionality. As the market for travel and weather-resistant gear continues to expand, Solarista is well-positioned to capture a larger share, driving both revenue growth and brand equity.

The latest investment by Globalbees is expected to further enhance Solarista’s capacity to innovate and expand its product lines, contributing to the overall success of both companies.

In conclusion, the investment in Solarista Renewables by Globalbees Brands Private Limited underscores Brainbees Solutions' commitment to leveraging its subsidiaries to drive growth across key sectors. With a well-defined strategy, Brainbees and its subsidiaries are set to continue delivering value to stakeholders and investors in the coming years.

Stay tuned for more updates on Brainbees Solutions and its future investments in high-potential brands!

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