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TANVI FOODS (INDIA) LTD.

20 December 2024 | 12:00

Industry >> Food Processing & Packaging

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ISIN No INE978V01015 BSE Code / NSE Code 540332 / TANVI Book Value (Rs.) 56.05 Face Value 10.00
Bookclosure 30/12/2020 52Week High 225 EPS 0.43 P/E 369.26
Market Cap. 165.69 Cr. 52Week Low 84 P/BV / Div Yield (%) 2.84 / 0.00 Market Lot 1,000.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Company was incorporated as Tanvi Foods Private Limited on March 30, 2007 under the Companies Act, 1956 with the Registrar of Companies, Hyderabad bearing Registration No. 053406. The name of the Company was changed to Tanvi Foods (India) Private Limited vide special resolution dated June 10, 2009 and name change Certificate was issued on June 25, 2009 by the Registrar of Companies, Hyderabad. The status of the Company was changed to a public limited company and the name of the Company was changed to Tanvi Foods (India) Limited by a special resolution passed on September 15, 2016. A fresh Certificate of Incorporation consequent upon conversion was issued on September 22, 2016 by the Registrar of Companies, Hyderabad. The Company's Corporate Identity Number is U15433TG2007PLC053406.

The company is in involved in trading, distribution, and processing of Food and Beverages primarily operating in the states of Andhra Pradesh and Telangana. Incorporated in 2007, over the years we have grown organically as well as inorganically and today we along with the subsidiaries operate over fthe exclusive point of sales; three Cold Room Facilities aggregating to 8278 sq. ft., one food processing and packaging unit spread across 495 sq. yards, around 24 logistics vehicles dedicated towards F&B distribution making us one of few select organized players in this highly unorganized segment.

We currently specialize in products such as Fresh Corn, Frozen Corn, and Green Peas in loose as well as packed form. Further we also prepare and sell corn based eatables such as Corn Samosa's, Corn Patties and Spring Roll, in loose / semi-finished form to caterers as well as packaged from to Retailers and Wholesalers. All of these packaged products are sold under the own brand name 'Frozen Kings'. In addition to the own brand products; we operate a diversified F&B product distribution and trading business wherein we play the role of an intermediary between other branded product manufacturers/marketers and end point of sales such as Retailers (including Kiranas and Modern Trade Outlets) and Institutional buyers (such as Hotels, Caterers, Multiplexes etc.).

We also operate an independent Logistics/Infrastructure services business which in addition to supporting the F&B distribution business also provides Pan India Logistics services to other distributors and players. the logistics/infra services business vertical includes providing transportation services as well as Cold Storage / Warehousing facilities on per ton and per pallet basis respectively.

Major Events :

2007

-Incorporated under Companies Act, 1956 as Tanvi Foods Private Limited

-Started process of making Frozen Corn Samosas in a small facility.

-First cold storage facility Started at Vijayawada.

2009

-Started new processing of Frozen Corn Spring roll, Corn Soup and Corn Patties

-First Vehicle purchased for the own logistical needs.

-First sanction of unsecured loan for acquiring Mugalrajpuram Unit

-Acquired of cold storage unit at Mugalrajpuram

-Launched the first sale point at Vijayawada.

-Changed the name of the Company from Tanvi Foods Private Limited to Tanvi Foods (India) Private Limited.

2010

-Started trading of Mushroom, thereby increasing the institutional range of products.

2011

-First sanction of secured loan for acquiring Vijayawada Unit

-Started a new processing unit at Vijayawada thereby increasing the capacity for the own branded line of frozen products.

2013

-Started distribution business for Delmont.

-Started distribution business for Mccain Foods

2014

-First temperature controlled truck was purchased.

2015

-Increased the logistics vehicles from initial one truck to a diverse fleet of 24 temperature controlled trucks.

-Acquired 100% stake in Polar Cube Cold Storage Solutions Private Limited, making it a subsidiary of the company

-Acquired 100% shares in Squarepeg Distribution Services Private Limited, making it a subsidiary of the company

2016

-Started sole distribution business of Baskin Robbins

-Changed the status of the Company from Private to Public i.e. to Tanvi Foods (India) Limited.

-Started distribution business of Inox

2017

-Started distribution business of Parag Milk Foods Limited