Foods and Innsis a multi-locational manufacturer and exporter of a range of processed Tropical fruits pulps, purees and vegetables with state of the art factories in Mumbai, Chittor, Valsad, Sinnar and Gonde (Nasik).
Our principal divisions are Aseptic, Canning, Spray Drying and Frozen fruits, IQF vegetables and snacks.
Our manufacturing facilities are managed by an expert team of food technologists who measure all the critical parameters at each stage of the production process to ensure meeting quality requirenment of customers. Our premium varieties of fruits and vegetables are sourced from the Ratnagiri, Valsad, Nasik, Mysore and Chittor regions, where we have our qualified agronomists who check on the quality of raw materials received by us and assists farmers in their horticulture program.
100,000 MT +
7 (Mumbai 1, Nasik 2, Valsad 1, Chittoor 3)
8 ( Domestic and International)
Aseptic, Canning, Frozen and Spray dried.
IS0 22000, CSR, SGF, USFDA, Halal, SGP, Kosher
Started with canning facilities to supply canned foods to the Allied Armed forces during world war II.
The Company went public and created facility for spray dried Egg powder to supply Indian armed forces which was the 1st in South East Asia .
Company diversified into manufacturing tropical fruit pulps with the first fully automated canning lines.
Setup frozen fruit and vegetable lines in Nasik to take advantage of the growing demand for ethnic snacks and vegetables in international markets.
1st in India to install skid mounted, PLC operated Aseptic processing and packaging line.
Added 5 more Aseptic processing lines with Concentration facilities during next 6 years.
Setup a new Aseptic Processing facility exclusive for Alphonso and high Aroma single strength Purees. The plant layout and design was done with the technical assistance of a leading Japanese Group.
Same year we initiated the NPOP(Organic Mango) program for Alphonso Mango.
Certified By Control Union (NL) for Organic Alphonso Mango tree
With the commissioning of new concentration line in Southern division we have doubled the capacity.
44+ issues were listed in 2012 and not sure on the count now or about the activities of other promoters. Curious and the brave can dig more for more colours on their recent activities. Sample was enough to turn me off.
Disclaimer: Not to be construed as advice. Not holding any positions. Please do you due diligence.
I am tracking this share. Industry potential is huge. Main customers are pepsi and also others. But promoters were involved in some scam in past before 2000. But looks like they have come back strongly, but have to check this more before investment. Any recent info on promoter quality is welcomed. Few links …
Mr Damani bought on April 12, 2019 @ 184 per share approx.
The share has been ex bonus from April 30, 2019.
Which means, post receiving bonus shares (2 shares for each 1 held i.e. 2:1), the acquisition price of Mr Damani comes down to 61 (almost 1/3rd, right?).
The share is available right now (as on 30th Aug) at ~ 45. That means it is available 25% cheaper (with compared to Mr Damani’s acquisition price).
Forum members following this company pls comment your views regarding the long term prospects of the company.