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Venkys (India) Ltd

BSE: 523261 | NSE: VENKEYS ISIN: INE398A01010
Market Cap: [Rs.Cr.] 437.10 Face Value: [Rs.] 10
Industry: Miscellaneous

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Company Profile

Venky's (India) Ltd, a part of the VH Group is an integrated poultry group in Asia. The company's principal activities are to own and operate chicken and broiler breeding farms. Their portfolio include animal health products, pellet feeds, processed, and further processed chicken products, solvent oil extraction, SPF eggs, nutritional health products for humans, and pet food & health care products. The company operates through three business segments, namely poultry and poultry products, animal health products and oilseed. The company's major business segment is poultry and poultry products, which consists of production and sale of day-old broiler and layer chicks, specific pathogen free eggs, processed chicken products and poultry feed. They have manufacturing facilities for manufacturing nutritional health products for humans, and pet food and healthcare products. They have their animal health products manufacturing facility at Pune. They are also involved in solvent oil extraction. The company has 30 units spread across India. Venky's (India) Ltd formerly known as Western Hatcheries Ltd was incorporated in the year 1976 as a private limited, mainly to produce day-old layer and broiler chicks for the dense poultry markets of North India. The company was promoted by Dr B V Rao. The company was converted into a public limited company on December 12, 1998. Over the years, the company embarked upon new ventures in regular succession, adding tremendous value to the company, giving it an edge in technology and high returns on investment. The Forbes business magazine of USA ranked Venky's (India) Ltd as 67th among the 100 best global small companies in the year 1999-2000. In May 1985, the company commissioned SPF Eggs Division with an installed capacity of 300,000 SPF Eggs per annum. They are the only commercial producer of SPF Chicken embryos in India. In June 1992, the company set up a 100% export oriented unit at Pune for export of hatching eggs with a capacity of 30, 000 broiler breeders. The name of the company was changed from Western Hatcheries Ltd to Venky's (India) Ltd with effect from June 21, 2000. During the year 2000-01, the company commissioned an Edible oil refinery with a capacity of 50 tonnes per day. Also, they entered into a business association with the US based Alltech Inc to market their animal nutritional products in India. During the year 2002-03, Venky's Foods (India) Ltd, the wholly owned subsidiary company was amalgamated with the company with effect from October 1, 2001. Also, the company diversified into pet food business and constituted a new division named 'Royal Pet'. During the year 2003-04, the company disposed of their entire holding in their 100% subsidiary, namely Venkateshwara Management Services Ltd, in order to focus on the company's core activity and to realign their investment portfolio. During the year 2004-05, they expanded their production capacity of De Oiled cake for poultry feed from 49,200 MT to 98,400 MT. During the year 2005-06, the company disposed off their Animal Health Products Unit to Venkateshwara Biosentry (India) Ltd. Also, they increased the production capacity of SPF eggs from 3,200,000 Nos to 4,400,000 Nos. During the year 2006-07, the company increased the production capacity of Chick and SPF Eggs to 92,505,499 Nos and 5,400,000 Nos respectively. Also, they expanded the production capacity of poultry feed by 21,000 MT to 142,800 MT. During the year 2007-08, the company increased the production capacity of Chicks by 15,881,915 Nos to 108,387,414 Nos. During the year 2008-09, the company expanded the production capacity of poultry feed by 23,200 MT to 155,400 MT and nutritional health products by 54 MT to 90 MT.

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Key Information

Key Executives:

Anuradha J Desai , Chairperson

B Venkatesh Rao , Vice Chairman

B Balaji Rao , Managing Director

Jitendra M Desai , Director

Company Head Office / Quarters:

Venkateshwara House,
S No 114/A/2 Pune-Sinhagad Rd,
Phone : Maharashtra-91-020-24251530-41 / Maharashtra-
Fax : Maharashtra-91-020-24251077/24251060 / Maharashtra-
E-mail : corp.shares@venkys.com
Web : http://www.venkys.com


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