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SYP Agro Foods Ltd.

BSE: 519313 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan SYP Agro Foods Ltd
NSE 05:30 | 01 Jan SYP Agro Foods Ltd

SYP Agro Foods Ltd. (SYPAGROFOODS) - Company History

Incorporated as SYP Products on 29 Nov.'89 and subsequently changed to SYP Agro Foods and became public from 1992. The company is enaged in manufacturing instant foods such as idli mix, dosa mix, dahivada mix. It diversified into the manufacture of dehydrated vegetables, mainly onion, garlic, green pepper, cabbage, etc, with an installed capacity of 1500 tpa. The advantages of dehydrating vegetables are condensed size, easy storage, retention of original characteristics and that the process preserves otherwise perishable items. Its products find application in the catering industry. It is mainly used in preserving soups, meat, snack foods and instant food mixes. Its products are also used in Army Canteen stores, star hotels and restuarants. The company came out with a public issue in Dec.'93 to finance the project for dehydrated vegetables. The company has 126 distributors in Gujarat engaged in the distribution of Priya instant mix at the taluka level. The company proposes to sell its products directly to the consumers and also through its existing dealer network. The company has entered into an MoU with Crowngate, UK, for export of 70% of its production.