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M.V.K. Agro Food Product Limited was incorporated on February 2, 2018 as ‘M.V.K. Agro Food Product Limited’, a public limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by Registrar of Companies, Central Registration Centre.The company is an integrated sugar and other allied products manufacturing company operating from Nanded District in the State of Maharashtra. It operates a single location sugar unit. In addition to sugar, the company also commercialises and sells its by-products and waste products, namely, Molasses, Bagasse and Pressmud. It is also engaged in the generation of Power for captive consumption. The company’s business can hence be broken into two segments, namely Sugar and its by-products/waste products. In the year 2020, it commenced operations of manufacturing of Sugar. In the year 2020, the company implemented backward integration and began commercial operations of the by-products and waste products of Sugar along with Co-Generation capabilities. The company proposes to further diversify its product portfolio by setting up a Greenfield unit for manufacturing Ethanol and Bio-CNG and Fertilizer. Ethanol is produced after fermentation and distillation of Molasses and can be further purified into Fuel Ethanol, by removing the water content. It intends to create an additional revenue stream using backward integration of its waste material, i.e., Molasses for manufacturing Ethanol and marketing and selling the same for industrial usage.It markets and sells its Sugar through brokers, with whom it shares long term relationship. Its brokers further market and sell Sugar to institutional confectionary manufactures, such as PepsiCo Holdings India, Parle Biscuits and Britannia Industries, etc. Its products are used as a raw materials by the institutional manufacturers for manufacturing finished products such as biscuits, rusk and other bakery products. Its brokers also market and sell its products directly to wholesalers and large retailers, all over India.In addition to its association with brokers, it also sells its products to export oriented commodity traders, such as, Sakuma Exports, Indian Sugar Exim Corporation, Garden Court and HRMM Agro Overseas. Its commodity traders have built long-standing relationships with international buyers of various grades of raw sugar, and therefore it sells Sugar in bulk quantities to its commodity traders, who further market and sell it in both bulk and containerised forms in global markets.Business area of the companyThe company is engaged in the business of manufacturing sugar and its by-products and waste products, namely, Molasses, Bagasse and Pressmud. It is also engaged in the generation of Power for captive consumption.Products of the companyBagasseMolassesPressmudHistory and milestones2020: Commencement of commercial production.2020: Purchased the manufacturing unit along with movable and immovable properties situated at Unit No.3, situated at village Waghalwada, Tq. Umri, Dist. Nanded, Maharashtra, India.2023: Acquisition of 100% shareholding of Sai Krupa Dairy Food Products Private Limited, pursuant to which the said company become a wholly owned subsidiary of the company.
