Sawaliya Food Products Ltd Company Summary

Sawaliya Food Products Ltd Summary

Sawaliya Food Products Limited was incorporated on July 1, 2014 as Sawaliya Food Products Private Limited, a Private Company issued by the Registrar of Companies, Madhya Pradesh at Gwalior. Further, the status got converted into a Public Company on May 27, 2024 and the name changed to Sawaliya Food Products Limited and a fresh Certificate of Incorporation dated July 15, 2024 was issued by the Registrar of Companies, Central Processing Centre.Sawaliya Food is a manufacturer and processer of fresh and dehydrated vegetables, serving leading institutional manufacturers engaged in branded packaged food industries, traders and international importers of dehydrated products. The main products include dehydrated carrot, dehydrated cabbage and dehydrated ring beans / beans. All the products are produced at manufacturing facility, located in District Dhar of Madhya Pradesh, with a production capacity of approximately 1500 MT for all the dehydrated products, divided into two facilities. These products are used as raw materials in the fast moving consumer goods (FMCG) industry, for products such as cup noodles, ready to eat noodles, pasta, soup, etc.During the year 2014, the Promoters incorporated the Company and in 2017, they established a manufacturing unit with a semi-automatic line and a small dryer, for processing and manufacturing dehydrated vegetables. In 2019, the Company automated the existing manufacturing unit by replacing the semiautomatic line with an automatic process line. It also installed an in-house meyer color sorter machine for improving quality of the products. In 2022, the Company expanded the existing manufacturing unit by installing an additional vegetable processing line to increase production and set up an additional food dehydration and processing linein the manufacturing unit. It further expanded the manufacturing capacity and increased to store and process raw materials and finished products, by establishing an in-house cold storage in the manufacturing unit. in 2023. The Company is planning an Initial Public Offer aggregating to 29,03,000 Equity Shares, comprising a Fresh Issue of 26,03,000 EquityShares and 3,00,000 Equity Shares through Offer for Sale.