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Farmax India Ltd. Company History and Annual Growth Details

M/s. Farmax Retail (India) Limited (formerly known as Bhagyanagar Castings Limited was incorporated under the Companies Act, 1956 on 8th November, 1995.

Farmax Retail (India) Limited (FRIL) is a Company incorporated under the Companies Act, 1956 having its Corporate Office at Farmax House, 4th Floor, Alluri Trade Centre, Bhagyanagar Colony, Opp. KPHB Colony, Kukatpally, Hyderabad - 500072. FRIL is one of well established manufacturing and retailing company in India engaged in Fast Moving Consumer Goods (FMCG) Segment. It has huge plant capacity to undertake new projects supported by well equipped Research & Development (R&D) team. The equity shares of the Company are listed at the Ahmedabad Stock Exchange Limited. FRIL has been promoted by Mr. M. Srinivas Reddy, a technocrat entrepreneur having insight knowledge and experience in the field of FMCG products and marketing. Mr. M. Srinivasa Reddy with his vision and foresight has brought the Company to this level in a short span.

Operational Activities and Facilities:

FRIL, though a new entrant in competitive fast moving consumer goods, penetrated successfully into the market in a very short period with high volumes. With the initial success FRIL launched about 10 different types of consumer products in the market in a short time. FRIL also has entered into contract manufacturing tie-ups with well-known FMCG companies for supplying some of their products. Key drivers of the business will be the following:

1.Manufacturing of FMCG products
2.Marketing of FMCG products by distributing network and retail outlets
3.Contract Manufacturing

A strong presence in the FMCG sectors by having own manufacturing facilities FRIL can leverage the in house marketing reach to achieve a respectable and considerable share of the market for its manufacturing units. The growth in the economy size will act as positive trigger for this segment of the FMCG industry.

FRIL, in the field of FMCG sector provides one-touch access with wide ranging products, systems and solutions in the field of FMCG sector by having manufacturing; marketing coupled with constant technological innovation, customer focus and integrated approach.