Hatsun Agro Product Ltd

Summary

Hatsun Agro Products (HAP) is primarily engaged in the business of manufacture and marketing of ice cream and milk and dairy based products. The company sells its products under the brands viz. Arun Icecreams, Arokya Milk, Hatsun Curd, Hatsun Paneer, Hatsun Ghee, Hatsun Dairy Whitener and IBACO. The company exports dairy ingredients to 38 countries around the world - primarily in America, the Middle East and South Asian markets.Hatsun Foods was incorporated as a private limited company in March 1986, by R G Chandramohan. In April 1986, the company was admitted as a partner in Chandramohan & Co, a partnership firm, promoted by the same promoter. During the same month, Chandrmohan & Co was dissolved and all the assets and liabilities of the firm vested with the company, except the Arun brand name which was vested with R G Chandramohan. In 1987, the company acquired the Arun brand name, subject to a payment of 1% royalty on the companys gross ice cream sales turnover. The company became a public limited company in August 1995.Till April 1995, the company was carrying on its manufacturing activities. It scrapped its manufacturing facilities at Tolgate unit, since the facilities became old and outlived its utilities. The company has put up a 250-kVA windmill for power generation. Hatsun came out with a public issue in January 1996. The name of the Company has been changed with the approval of the Central Government from Hatsun Milk Food Limited to Hatsun Agro Product Limited... Read More