Kohinoor Foods Rich Recipe For Portfolio

India is an agrarian economy and with a good monsoon the agri based segments are witnessing a good traction. India is a major producer of basmati rice and is expected to be a major beneficiary of increasing global demand. Sneha Dewoolkar analyses growth prospects for India’s leading basmati rice processor, Kohinoor Foods.

- Sneha Dewoolkar

India is famous for a variety of reasons, one of them being agriculture. With India being agrarian country in terms of number of people employed, there are various crops and spices that are cultivated in India. India exports many spices and agri-products and is a major producer of basmati rice. As basmati rice is basic staple food, demand for basmati rice will always remain buoyant and we think that India will be a major beneficiary of increasing global demand. Citing all these factors, we would like to introduce Kohinoor Foods under our Pink Stock section in this issue. We feel that the company will be strengthening growth with the rising demand for basmati rice. Going ahead, we have laid down various growth factors for the company. However, let us first understand the company.

ABOUT THE COMPANY

Primarily, the company was named as Satnam Overseas and later changed to Kohinoor Foods. The company started its operations in the year 1989 and now processes basmati rice under the brand name Kohinoor. With the growth coming from Kohinoor brand, the company has also entered into the food business to tap the growing opportunity in the food processing sector.

Currently, the company serves an extensive range of products starting from basmati rice to packaged foods such as ready to eat curries and meals, readymade gravies, cooking pastes, chutney spices and seasoning and also has presence in frozen breads, ghee, snacks, paneer, healthy grains and edible oils. New product launches every year in the food business segment has benefited the company in terms of growth.