Jagdamba Foods (JFL) was incorporated as a partnership firm on 5 May '78. It was reconstituted as a public limited company on 8 Jul.'94. It was promoted by Satpal Gupta, Ashok Gupta and Manish Gupta. Currently, Satpal Gupta is the chairman and Ashok Gupta, the managing director. Other group companies are Shanti Cereals and Jagdamba Rice Mills. JFL markets rice in local as well as international markets. JFL came out with a public issue of 35 lac equity shares at a premium of Rs 22 aggregating Rs 11.2 cr in Jan.'95 to part-finance the Rs 16.22-cr project for expanding its rice shelling capacity and diversifying into frozen fruits and vegetables using the latest international technology -- individually quick frozen -- at Karnal district in Haryana.
During the year 1995-96 the company planned to launch its product range of frozen shelled peas, cauliflower, carrot, beans, spinach and okara in Delhi and other states under its popular brand name "Mothers Choice". The company also made elaborate arrangements for consumer packing in 200/500/1000 gms as well as institutional packing in poly bags (HDPE) of the capacity of 2.5/5/10 kgs.