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Promoted by B Kothari and family, Moolchand Export (MEL) was incorporated on 2 Nov.'88. The company has three divisions - leather, cashews and orchards.
MEL has transferred its leather business (cap. : 72,000 garments) to its subsidiary, Champion Leathers (the erstwhile Moolchand Leathers). The company diversified into cashew processing and exports during 1992-93 and, at present, has 16 factories at Mangalore and Quilon with a total processing capacity of 16,000 tpa. It further diversified into growing cashew as a backward integration and also into growing inter-crops. MEL's orchard project is 12,000 acres in area and has the capacity to produce 9200 tpa of raw cashew nuts.
The company plans to export groundnuts, edible oil and soya beans. MEL is diversifying by entering the shipping sector.
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