Keventer Agro Ltd. Company History and Annual Growth Details

Our Company was incorporated as Keventer Agro Private Limited at Kolkata, pursuant to a certificate of incorporation issued on May 29, 1986 by the RoC, as a private limited company under the Companies Act, 1956. Subsequently, on March 30, 1990, our Company became a deemed public company in accordance with the provisions of Section 43A of the Companies Act, 1956, and the name of our Company was changed to Keventer Agro Limited pursuant to a second certificate of incorporation issued to our Company on September 24, 1990 by the RoC.

Major events and milestones:

2010

• Amalgamation of Keventer Fresh Limited with our Company with the appointed date of April 1, 2009.

2013

• Commencement of cold chain project located at West Bengal pursuant to the grants obtained from the Ministry of Food Processing Industries, Government of India.

2014

• Establishment of banana ripening facility at our plant located at Barasat.

• Commencement of our frozen foods business

2015

• Acquisition of 8.65% paid-up equity share capital of MDL by our Company

2017

• Investment of ? 1,100 million by Mandala in our Company.

• Acquisition of 47% paid-up equity share capital of MDL pursuant to the bid auction process by the West Bengal Co-operative Milk Producers' Federation Limited, making it a 100% subsidiary of our Company.

2018

• Launch of UHT milk

2020

• Amalgamation of Metro Dairy Limited (“MDL”) into our Company with the appointed date of April 1, 2018.

2021

• Entered into license agreement with an international media company to sell the licensed products (milkshakes and frozen savoury snacks) on a pan-India basis

• Licensed by Parle Agro to manufacture, distribute and sell Parle Agro’s “Smoodh” milkshake