Bikaji Foods International Ltd

Bikaji Foods International Ltd

Bikaji Foods International Limited was originally incorporated as a Public Limited Company under the name Shivdeep Industries Limited under the Companies Act 1956 dated October 6 1995 at Jaipur and received a Certificate of Commencement of Business from the RoC on October 27 1995 following its conversion from erstwhile Partnership Firm Shivdeep Food Products to Shivdeep Industries Limited. Subsequently name of the Company was changed from Shivdeep Industries Limited to Bikaji Foods International Limited pursuant to the Shareholders' Resolution dated September 8 2011 and a fresh Certificate of Incorporation dated October 5 2011 was issued by the RoC.The Company is the third largest ethnic snacks company in India with an international footprint selling Indian snacks and sweets and are the second fastest growing company in the Indian organised snacks market. Its product range includes six principal categories: bhujia namkeen packaged sweets papad western snacks as well as other snacks which primarily include gift packs (assortment) frozen food mathri range and cookies. The Company is primarily involved in manufacturing purchase and sale of snacks food.The Company was the largest manufacturer of Bikaneri bhujia with annual production of 29380 tonnes and was second largest manufacturer of handmade papad with an annual production capacity of 9000 tonnes in Fiscal 2022. It is also the third largest player in the organised sweets market with annual capacity of 24000 tonnes for packaged rasgulla 23040 tonnes for soan papdi and 12000 tonnes for gulab jamun.As of June 30 2022 the Company had six depots 38 superstockists 416 direct and 1956 indirect distributors that work with their superstockists located across 23 states and 4 union territories in India. Further it also started supplying products for sale in Indian army canteens from August 2022. Presently it has seven operational manufacturing facilities with 4 facilities located in Bikaner (Rajasthan) one in Guwahati (Assam) one facility in Tumakuru (Tumkur) (Karnataka) held through of one of its subsidiary Petunt Food Processors Private Limited to cater to southern markets in India and one facility in Muzaffarpur (Bihar) held through the other subsidiary Vindhyawasini Sales Private Limited to cater to core market of Bihar respectively. In addition the Company has entered into an agreement with a contract manufacturing unit in Kolkata (West Bengal) that cater to certain parts of eastern India and two contract manufacturing agreements with Group Company Hanuman Agrofood at Bikaner and with another third-party contract manufacturer located at Kanpur Uttar Pradesh. It also has one small facility in Mumbai to manage restaurant sales in Mumbai.Their manufacturing facilities are generally equipped with modern and automated production processes with specialized custom-made manufacturing equipment obtained from national and international suppliers. In particular the production process for bhujia namkeen snacks and packaged tin-based sweets are automated. It also has started manufacturing papad through automation. However most of papad products are handmade and the Company indirectly work with rural women through independent contractors for production of papad. In 2006 the Company integrated business by forming amalgamation with four Group Companies i.e. Bikaji Foods Private Limited Shivdeep Food Products Private Limited Bikaji Marketing Limited and Dipu's Foods Private Limited.In 2008 it commenced operations by opening of first restaurant 'Bikaji Food Junxon' in Mumbai.In 2016 it commissioned new facility at Karni Industrial Area Bikaner.In 2019 it acquired a subsidiary Petunt Food Processors Private Limited.In 2022 it acquired 100% stake of Vindhyawasini Sales Private Limited.The Company came out with a Public Issue during November 2022 by raising Rs. 880.845 crores through Offer for Sale.3 new plants were established in Muzaffarpur Kanpur and Bikaner in terms of expansion during the year 2023.