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Sita Shree Food Products Ltd. Company History and Annual Growth Details
The Company was originally incorporated as Sitashree Food Products Private Limited on 17/04/1996 under the Companies Act, 1956 with Registrar of Companies, Madhya Pradesh, Gwalior. The Company was converted into Public Limited Company and changed its name to Sitashree Foods Products Limited vide fresh certificate of incorporation dated 14/02/1997 a fresh certificate of incorporation has been obtained. The name of the Company was further changed to Sita Shree Food Products Limited vide a fresh certificate of incorporation dated 28/04/2006. The Company was promoted by Mr. Rajababu Agrawal and his family . The Company started its commercial operations in the year 1998. The Company was entered into joint venture agreement with Godrej Pilsburry Ltd. in the year 1997 for manufacturing of Atta through the Companys plant. The Company terminated said agreement in the year 2002 and started manufacturing under its own name & brand. Presently the Company has its manufacturing facility located at Village Palda an Industrial Area in the Southern part of Indore. Companys manufacturing facility consists of two units, first of Wheat Flour/ Maida in Unit No. I and the second of Finished Dal of all types in Unit No. II. The installed and licensed capacity of Unit I is 43200 MT per annum on Double shift basis. The UNIT II of the Company which is in the same premises was set up in year 1999-2000. The installed and licensed capacity of this unit is to process 3500 MT per annum on double shift basis to produce Dal/ Pulses viz. Tur, Moong, Chana and Masoor, etc. by the process of fully automatic machines. The commercial production of the unit started from July 2000. In the very first year the total turnoverachieved was Rs. 700.00 Lacs.
The Company has done expansion in flour mill during 2003-2004 from capacity of 36000 m.t. to 43200.