Incorporated as a public limited company in Jun.'94, Classic Biotech & Exports was promoted by N V Prasad Raju, P V Rama Raju, P J Raju and N Ramasita. The company is having a 100% export-oriented floriculture project at Karimsonnen Hally near Bangalore. It has obtained technical assistance and marketing support from Oriental Floratech India, a pioneer in Indian floriculture industry. The company export cutflowers to the middle-east countries, Gulf countries and the Netherlands auctions. In Feb.'96, the company issued 30,20,000 equity shares of Rs 10 each for cash at par aggregating Rs 3,02,00,000, to part-finance its floriculture project. During 1998-99, the company entered into Information Technology business with e-commerce based solutions. During 1999-2000, the Company has developed its own portal - www.classicflora.com. The company has expansion plans for two hectares, which gives an advantage of additional production capabilities without much capital infusion.