Baba Food Processing (India) Ltd - Stock Valuation and Financial Performance

Baba Food Processing (India) was incorporated on April 22, 2015 as ‘Baba Food Processing (India) Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by the Registrar of Companies, Jharkhand at Ranchi. Subsequently, pursuant to a resolution passed by the Shareholders in an Extra-Ordinary General Meeting held on May 27, 2023, the company was converted from a private limited company to a public limited company and a fresh certificate of incorporated dated July 20, 2023 was issued by the Registrar of Companies, Jharkhand at Ranchi. Consequent to the conversion of the company, the name of the company was changed to ‘Baba Food Processing (India) Limited’.

The company is primarily engaged in the business of manufacturing high fibre Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta and Semolina flour (Sooji). Its manufacturing unit is situated in Ranchi and houses two divisions namely, high fibre whole wheat atta division and refined flour division. The company manufactures high fibre Whole Wheat Atta (Wheat Flour) in its whole wheat atta division and Refined Flour (Maida), Tandori Atta, Semolina flour (Sooji) in its refined flour division. It also commercialeses the by-product and waste material, i.e., wheat bran and other waste materials generated during its manufacturing process as cattle feed and fish feed, which makes its manufacturing unit a zero waste and zero discharge manufacturing unit.

Its manufacturing unit is equipped with ultramodern highly automated Buhler’s Swiss Technology Pesa Mill for manufacturing of stoneless high fibre atta and also an ultra-modern highly automated Buhler’s Swiss Technology Roller Flour Mill. It also market and sell Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) under its brand ‘Panchakanya’, however it procures these product from third party manufacturers. It proposes to utilise a portion of the Net Proceeds of this Issue, towards purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in its existing manufacturing unit.

The company operates under the guidance of its Promoter, Yogesh Kumar Sahu, who has a long standing experience in the agro trading and milling business. Its Promoter prior to incorporation of the company was associated with a partnership firm under the name ‘M/s Baba Flour Mill’, in the capacity of a partner, which was engaged in the business of trading of agro-commodities and milling of rice and grains.

Business area of the company

The company is engaged in the business of manufacturing high fibre Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta and Semolina flour (Sooji).

Products of the company

• Semolina
• Tandori atta
• Gram besan
• Gram sattu
• Wheat bran

History and milestones 

• 2015: The Company was incorporated as a private limited company under the name and style of ‘Baba Food Processing (India) Private Limited’.
• 2016: The Company had set up an atta mill.
• 2018: The Company had set up a refined flour mill.
• 2023: The Company was converted from a private limited company to a public limited company and the name of the company was changed to ‘Baba Food Processing (India) Limited’. 
• 2023: Incorporation of Panchakanya Foods Private Limited, its wholly owned Subsidiary.