Groyyo announces EBITDA positivity

Manufacturing tech and consulting company Groyyo has announced that it is earnings before interest, tax, depreciation, and amortisation positive. The business is working towards achieving sustainable profitability and expects to achieve a run rate of Rs 450 crore to Rs 500 crore by the end of the 2025 financial year. 

“Becoming EBITDA positive is a testament to the strength of our business model and our team’s relentless pursuit of excellence,” said Groyyo’s co-founder and CEO Subin Mitra in a press release. “By combining cutting-edge design capabilities with a strong emphasis on technology and efficiency, we are not only enabling global manufacturers but also redefining what it means to be a trusted partner in the supply chain ecosystem. This milestone motivates us to aim higher as we expand our global footprint and solidify our position as a leader in the industry.”

The business exports over 90% of its output to international businesses such as Next, Mango, Inditex (Zara‘s parent company), Ross, and Bestseller Group. Groyyo’s ‘Groyyo Design Studio’ creates in-house designs tailored to client needs and describes its offering as “design-led exports.” The business also runs consulting services for its partner factories and has seen its gross profit margins touch 20%.

Groyyo describes itself as ” the world’s first manufacturer focussed automation platform” and was established in July 2021 by Subin Mitra and Pratik Tiwari. The business has thus far worked with more than 500 manufacturers across over 175 product categories in over 10 countries and is also strengthening its leadership team as it continues to grow.