| Surface Finishings | Manufacture and sale of corrosion protection chemicals and electroplating solutions. | Strong technical collaborations, proprietary technology, and extensive distribution network. | B2B industrial segments requiring corrosion protection and finishing services. | Specialty coatings and advanced chemical formulations. | 988 | 79 | Product sales predominantly to industrial clients on direct sales basis. | Volume-based sales with negotiated contracts. | Innovations in high-performance coatings and expanded manufacturing capacity. | Growel Surface Protection Chemicals |
| Engineering | Design, manufacture, and service of plating plants, filters, pumps, and metal recovery systems. | Exclusive joint ventures with global technology partners. | B2B with clients in electroplating and manufacturing industries. | Custom engineered systems and after-sales services. | 112 | 9 | Equipment sales and after-sales services to industrial customers. | Project-based sales and maintenance contracts. | Technical collaborations and demand for advanced treatment plants. | Growel Electroplating Equipment |
| Shoppertainment (Real Estate) | Retail leasing and property management of the mall in Mumbai. | Prime location mall with established brand recognition despite temporary operational suspension. | B2C through retail and entertainment footfall. | Commercial leasing and branded hypermarket outlets. | 33 | 3 | Rental income from retail tenants including hypermarkets. | Lease rentals and service charges. | Retail expansion and tenant mix optimization. | Growel's Plaza 101 Mall |
