prataap snacks owner

But not someone to give up easily, in early 2002, Amit approached Apoorva and Arvind with the idea to market snacks in the Indore region. Prataap Snacks Limited, formerly Prataap Snacks Private Limited, is engaged in processing, manufacturing and sale of various types of potato-based snacks, extruded snacks, namkeen and ethnic sweets under the brand name, Yello w Diamond. Subsequently, it also diversified into „Puffs‟ and other extruded snacks during 2010-11. Arvind Mehta, Apoorva Kumat and Amit Kumat founded Prakash Snacks. Today, the same distributor accounts for 10 percent of Prataap Snacks’ revenues or Rs 70 crore. Prataap Snacks has a D/E ratio of 0.0051 which means that the company has low proportion of debt in its capital. on dated 22th September 2017 to 26 th September 2017 at price band of 930-938 per share of face value 5/- per share.. Prataap Snacks Limited was incorporated as Prataap Snacks Private Limited on March 23, 2009 at Gwalior as a private limited company under the Companies Act, … Its authorized share capital is Rs. Prataap Snacks, owner of the Yellow Diamond' brand, has established a sizeable presence in the Indian Snacks industry over the past few years by capturing a reasonable share in the Extruded Snacks space through its product innovations, intelligent marketing campaign and focus on distribution which has helped quadruple its market share over a 6-year period. The IPO opens on Sep 22, 2017, and closes on Sep 26, 2017.. KFintech Private Limited is the registrar for the IPO. "As a businessperson, I would tell people entering the business of food brands that it is better to test a market out before going national," he says. It’s the Yellow Diamond salty snack rings that these kids are always after. Prataap Snacks posted total revenue of Rs 1,079.6 crore during the period April 2019 to December 2019. Yellow Diamond brand owner Prataap Snacks is counting on an expanded sweet snacks portfolio and the recent acquisition of Gujarat-based Avadh Snacks to boost its earnings. That's not all. In the snacks market, the dominant player is the international brand Frito-Lay, a wholly owned subsidiary of PepsiCo, which has 49 percent of the Indian market. Prataap Snacks up by 0.97% is trading at ₹ 690.15 today. Prataap Snacks, owner of the ‘Yellow Diamond’ brand, has established a sizeable presence in the Indian Snacks industry over the past few years by capturing a reasonable share in the Extruded Snacks space through its product innovations, intelligent marketing campaign and The industry PE is around 72. Declaration of Solvency © 2020 Prataap Snacks Ltd. Sitemap; Contact; Terms of use; Privacy Policy The company has been gaining market share in the snack food market over the years. The company has turned down offers from a number of multinational companies to purchase their facilities. Prataap Snacks is today a large-scale producer of snacks that operates nine manufacturing facilities and has a vast distribution network of 240 super stockists and over 4,100 distributors. They are no doubt tasty," says Phraneesh. 2,226,000 shares will be offered by two Sequoia group companies. It offers multiple variants of products across categories of Potato Chips Extruded Snacks Namkeen (traditional Indian snacks) under the popular and vibrant Yellow Diamond brand. He exudes positivity, keeps cheerful all the time and has a deep interest in meditation and philosophy. By 2011, the company had created the Yellow Diamond brand, had a manufacturing plant of its own as well as a strong supply chain. The company is present in chips too. The vision of the founders is to take the company beyond the $500-million mark in under a decade. It is classified as Non-govt company and is registered at Registrar of Companies, Gwalior. Change of Address Changes in shareholding position of promoters and top ten shareholders. Nov 06,2020 10:23 AM. The company was a market leader in rings in 2015. But 2011 was also when Prataap Snacks wanted to change gears. Even Kishore Biyani, Chairman of the Rs 18,000-crore Future Group, is betting his next Rs 10,000 crore to come from the foods business. Prataap Snacks owns and operates three processing facilities, one at Guwahati, Assam, and Indore. Prataap Snacks: Stock Valuations. We recently interacted with the management of the company in order to get an update on current operating environment. It is going to do this with the four categories of snacks: rings, namkeens, extruded snacks, and chips. The Company operates in the Snacks Food segment. Click here to see other companies involved in same activity. The trio started out by marketing cheese balls after convincing their family to invest Rs 15 lakh and promising to return the money if the venture did not work. The price-to-book value is at just 2.3. He not only lost all his savings but also the respect of fellow businessmen in the Indore region. He has two large food parks that are going to serve his 600-odd food retail stores across the country and will also supply food products to other retailers. While New Delhi-headquartered Haldiram’s has grown into a Rs 4,000-crore food and snacks major, the Rajkot-headquartered Balaji Wafers boasts revenues of Rs 1,500 crore. In the first year, the company made Rs 22 lakh, in the second Rs 1 crore, and in the third year, it touched Rs 7 crore. In 2015, the organised namkeen market in India was estimated at Rs 6,811 crore. You can ask for a company to be added to the front of the queue for updating, especially useful if the address, directors, or other critical information has changed. Prataap Snacks's revenue is actually up 20% over the last year. We make no warranties about accuracy of industrial classification. By purchasing this Lawsuit Report, you agree to our Terms & Conditions governing usage and limitaions of this report. We will update the website after verifying the website address. Since the fundamental metrics don't readily explain the share price drop, there might be an opportunity if the market has overreacted. One such entity is Patanjali Group of Baba Ramdev. According to Amit, the company has been careful to expand into one region at a time instead of targeting the entire country at the same time. The company, which makes products under the ‘Yellow Diamond’ brand, aims to use the proceeds to expand capacity, marketing and brand building activities and retire the debt on its books. In less than a year of starting the business, he piled up a debt of Rs 6 crore and had to shut down the venture. Every morning, he spends 90 minutes meditating. PRATAAP SNACKS PRIVATE LIMITED is a food production company based out of KHASRA NO 378/2, NEMAWAR ROAD, NEAR MAKRAND HOUSE, INDORE, Madhya Pradesh, India. He also takes them to the departmental store in his neighbourhood for the weekly grocery shopping that invariably begins with their favourite salty snack rings. The Indian growth story has seen very few brands break out in the FMCG sector. The only redeeming feature was that he paid off all his creditors. After working for a decade in a snacks company, Amit decided in 2001 to enter the chemicals manufacturing business. Return in respect of buy back of securities Prataap Snacks Ltd. DIAMONDYD . Second, the company has been able to achieve a wider and deeper market penetration through a large network of outlets and distributors across the country. Prataap Snacks Ltd Live BSE Share Price today, Diamondyd latest news, 540724 announcements. Application for Conversion of Public Company into Private Company Amit has given proof of his doughtiness in the past and there is no reason to believe he would not stand up to the challenges of the future. In 2015, the organised chips market in India was estimated at Rs 6,201 crore. Prataap Snacks reports steady performance in Q2FY21; revenue grows 67% qoq. Then, there is namkeen too. If the company has changed line of business without intimating the Registrar or is a diversified business, classification may be different. Company Promoters: The Promoters of the Company are Arvind Mehta, Amit Kumat, Apoorva Kumat, Rajesh Mehta, Naveen Mehta, Arun Mehta, Kanta Mehta, Rita Mehta, Premlata Kumat, Swati Bapna, Rakhi Kumat, Sandhya Kumat and SCI Growth Investments II. Indore-based Prataap Snacks (established in 2009),owner of the brand: Yellow Diamond Chips is coming out with IPO to raise Rs.250 crores by issuing new shares while existing investors will sell 2,982,000 shares through the proposed IPO. Diamondyd financial results, Diamondyd shareholding, Diamondyd annual reports, Diamondyd pledge, Diamondyd insider trading and compare with peer companies. UDYOG NAGAR PALDA, NEMAWAR ROAD, INDORE Indore MP 452020 IN, 354/1 354/2, MANGAL UDHYOG NAGAR PALDA, NEMAWAR ROAD INDORE Indore MP 452020 IN, Office no.A-403 18/2 Y.N .Road,Prakrati Corpora INDORE Indore MP 452020 IN. Allotment of equity (ESOP, Fund raising, etc) Satisfaction of loans In fiscal 2014, fiscal 2015 and fiscal 2016, rings represented 25.77 percent, 31.81 percent and 46.36 percent, respectively, of the revenue from operations. In 2015, the organised extruded snacks market in India was estimated at Rs 6,346 crore. From 2010 to 2015, their market share increased from one percent to four percent (Source: FS Report) and the revenue from the sale of their rings product grew at a compound annual growth rate (CAGR) of 154.73 percent from fiscal 2012 to fiscal 2015. INE393P01035. Browse Prataap Snacks stock discussion, ideas, questions and answers online at Moneycontrol.com. Registration of Charge (New Secured Borrowings) Prataap Snacks Ltd (PSL) is one of the top six Indian snack food companies in terms of revenues in 2016, and among the fastest growing companies in the Indian organised snack market between 2010 and 2016. We are adding and updating information about hundreds of thousands of companies every day, and periodically add companies to the queue for being updated. Founded in 2003 by brothers Amit Kumat and Apoorva Kumat along with their friend Arvind Mehta, Prataap Snacks is today a Rs 850-crore company with four factories across the country and a distribution network made up of 168 super stockists across 24 states and one Union Territory and 2,900 distributors. After working for a decade in a snacks company, Amit decided in 2001 to enter the chemicals manufacturing business. But not someone to give up easily, in e… Their business was ready to soar. It is inolved in Manufacture of grain mill products, starches and starch products, and prepared animal feeds. According to Devangshu, first, the enormous brand awareness enjoyed by Patanjali can be attributed to the very high visibility of Baba Ramdev across a variety of media and issues. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. The business of snacking will be worth Rs 35,000 crore in India by 2020, according to research firm Euromonitor, and Amit Kumat wants at least 10 percent of that market. "It calms me through the day and I remain focused on what I do," says Amit of his daily meditation. Yellow Diamond Tweets by YellowDiamondIN The minimum order quantity is 15 Shares. At the same time, he is clued into all aspects of his business, from knowing his top 30 distributors by name to tracking the performance of his brands. It has taken 13 years for it to get where it is today. Promoters of Prataap Snacks – SCI Growth Investments II, Arvind Mehta, Amit Kumat, Apoorva Kumat, Rajesh Mehta, Naveen Mehta, Arun Mehta, Kanta Mehta, Rita Mehta, Premlata Kumat, Swati Bapna, Rakhi Kumat and Sandhya Kumat From here on to $500 million it is going to be a steep climb that will test the speed, stamina, and acumen of the founders. 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