Annapurna Swadisht Ltd - Stock Valuation and Financial Performance

The company was originally formed as Partnership Firm in the name and style of “Annapurna Agro Industries” through partnership deed dated November 27, 2015. Subsequently the constitution of partnership firm was changed through partnership deed dated May 15, 2016, dated April 1, 2018, dated April 1, 2019 and dated December 1, 2020. Further, the Partnership Firm was converted into Private Limited Company “Annapurna Swadisht Private Limited” on February 11, 2022, under Part I (Chapter XXI) of the Companies Act, 2013 vide certificate of incorporation issued by Registrar of Companies, Central Registration Centre. Subsequently, the Company was converted into a public limited company pursuant to approval of the Shareholders at an Extraordinary General meeting held on June 28, 2022 and consequently, the name of the Company was changed to “Annapurna Swadisht Limited” and a Fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company was issued by Registrar of Companies, Kolkata on July 8, 2022.

Annapurna Swadisht is manufacturer of snacks and food products, namely, Fryums, cakes, candys, namkeen, chips and Gohona Bori. Its key raw materials include refined flour, palm oil, spices and laminates. The company use raw material of premium quality sourced from reputed local suppliers, which help it to ensure the quality of its products. It is a Bharat FMCG Company. The company has a unique price point of Rs 5 which makes it the dominant player in Rural Area. The company has a hub in Asansol with an constructed area of approximately 50,142 sq. ft. and at Manufacturing unit in Siliguri with an constructed area of approximately 35,000 sq. ft. It has generated employment to over 235 people.

The company’s products are marketed under its own brand names Jackpot, Chatpata Moon, Balloon, Finger, Rambo, Makeup Box, Dhamaka, Phoochka, Jungle Adventures, Ringa, Bachpan Ka Pyaar, Kurchure, Cream Filled Cake Vanilla, Cream Filled Cake Litchi, Cream Filled Cake Mix Fruit, Cream Filled Cake Orange, Cream Filled Cake Chocolate, Mixed Fruit Flavoured Cake, Chocolate Flavoured Sliced Cake, Pluss, Malai Pop, Imly Pop, Coconut Crunch, Kaju Candy, Coffico, Masala Teekha, Salted Chips, Paprika Spices, Tomatina Classic, American Cheese, Gram Gathiya, Gram Chana Jor, Crispy Diet Chidwa, Gram Bhawnagri Sev, Gram Badam Pokora And Gram Masala Muri. It maintains hygienic norms and use good quality raw materials for manufacturing of its products. With a client centric approach, the company strives hard for utmost contentment of the customers. The manufactured products are prepared completely under hygienic atmosphere by the professional makers. It has been certified by Food Safety and Standards Authority of India (FSSAI) for the quality management systems of the company in relation to its products.

Business area of the company

The company is one of the largest FMCG player in Eastern India and it is the fastest growing segment in Fryums, Cakes, Candies, Namkeen and Potato Chips.