Srivari Spices & Foods Ltd Company Summary

Srivari Spices & Foods Limited was incorporated on January 29, 2019 as a Private Limited Company with the Deputy Registrar of Companies, Central Registration Centre. Later on, the status of the Company got converted into a Public Company and the name changed to Srivari Spices and Foods Limited through fresh Certificate of Incorporation dated December 27, 2022. The Company is engaged in the business of manufacturing spices and flour (chakki atta) and market it in and around Telangana and Andhra Pradesh.

It handpick raw materials from various parts of the country and process these products with utmost care without use of artificial preservatives or chemicals, through creation a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient. The business has two model first is direct to customer (D2C) in nature, wherein the Company deliver their products directly at the doorstep of customers using approximately 15,000 retail stores. Secondly it work in business to business (B2B), wherein it deliver products to the suppliers.

The Company operate from 2 manufacturing units located in Telangana namely, Unit - I and Unit - II. It had business operations from Unit - I and had set up Unit - II to expand its manufacturing operations. Unit-II has been set up to manufacture Srivari Whole Wheat Atta and Sharbati Atta, thereby enabling to expand the product portfolio and customer base.

In 2019, the Company started business operations by establishing a state of art production facility at Jalpally Village, Dist. Ranga Reddy, in Telangana and manufacturing turmeric powder (haldi), chilli powder (mirchi) and coriander powder (dhaniya). Thereafter, in 2020, the Company expanded business operations through diversification of product portfolio and manufacturing madras sambar masala, chicken masala, garam masala and mutton masala in pouches, boxes and bottles.

In December 2021, Company expanded the business line by diversifying its product portfolio into madras sambar masala, chicken masala, garam masala and mutton masala in pouches, boxes and bottles. Further, in 2021, it expanded business operations by setting up a new manufacturing unit at Raikal Village, in Ranga Reddy District, of Telangana. In 2022, it launched a new class of product by manufacturing whole wheat flour (chakki atta).

The Company raised funds through Initial Public Offer aggregating to Rs 8.99 Crore by issuing 21,42,000 equity shares via fresh issue in August, 2023.M/s. Srivari Supply Chain Private Limited was incorporated on 3rd March 2024 as a wholly owned subsidiary of the Company in FY 2024-25. Subsequently, on 29th April 2024, the Company reduced its equity stake in M/s.

Srivari Supply Chain Private Limited from 100% to 40% by way of transfer of shares to another shareholder. Thereafter, on 27th December 2024, the Company acquired the remaining 60% equity stake from the said shareholder, thereby restoring its holding to 100% and making M/s. Srivari Supply Chain Private Limited, a wholly owned subsidiary once again.