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He Took All The Notes A Pitch Higher
Businessworld
|May 12, 2018
Symphony’s financial parameters, like its revenue and market capitalisation, have exploded since 2009
SYMPHONY LIMITED is a manufacturer of branded air-coolers that has been in the market since 1988. It has not only grown in the home market, but also spread its wings overseas to the United States and Mexico.
Over the last eight years, the company’s revenue and market capitalisation grown exponentially. Between the 2008-09 and the 2016-17 financial years, Symphony’s revenue shot up from Rs 126 crore to Rs 811 crore, with significant increases in both its profit before tax (PBT) and profit after tax (PAT). The company’s market capitalisation exploded from Rs 38 crore to Rs 11,000 crore during the period. BW Businessworld honours the man in the CFO’s chair during the spell. Bhadresh Mehta joined Symphony Limited in December 2009 and has been its Chief Financial Officer (CFO) and Senior Vice President since.
HOW HE SUSTAINED WEALTH CREATION
This story is from the May 12, 2018 edition of Businessworld.
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