KAROFI GROUP JOINT STOCK COMPANY

KAROFI GROUP JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN TẬP ĐOÀN KAROFI) is one of Vietnam’s most recognizable household appliance brands, best known for its water purifiers and air filtration devices. Operating under business ID 0105866879 and headquartered in Hà Nội’s HUDLAND Tower, the company has grown rapidly since its establishment in 2012.

Karofi today employs around 600 staff, with strategic leadership provided by Chairman Nguyễn T. P. and Deputy General Director Nguyễn T. A. The company is privately held, with share ownership centered on three Vietnamese stakeholders, the largest of whom is the Chairman at 55 percent.

A strong consumer brand backed by an accelerating financial performance

The financial charts on page one reflect a company expanding quickly in both scale and market presence. Revenue jumped to USD 87.43 million in 2023, a growth rate of nearly 40 percent, driven by rising demand for water filtration, air purification, and home appliance solutions. Profit soared even faster, hitting USD 3.47 million, a remarkable 139 percent increase from the previous year.

Equity strengthened to USD 21.44 million, while working capital tripled to USD 6.78 million, giving the company more breathing room for inventory, marketing, and nationwide distribution expansion.

Stable assets, growing brand value

Total assets remained stable at USD 43.93 million, a slight dip of just over one percent. This suggests disciplined investment and asset optimization even while sales are climbing sharply.

Karofi’s branch network includes offices in Hồ Chí Minh City and a broad portfolio of activities, ranging from wholesaling household products to machinery installation, water treatment, and manufacturing capabilities for pumps, valves, and other components. This vertical integration strengthens supply-chain control and enhances resilience against market volatility.

Conclusion

Karofi Group stands out as a homegrown Vietnamese consumer brand transitioning into a high-growth national corporation. With expanding equity, strong revenue acceleration, and a dominant position in the water purifier market, the company is well-positioned to scale further across Vietnam and Southeast Asia.