Prataap Snacks Ltd. Company History and Annual Growth Details

The Company was incorporated as Prataap Snacks Private Limited on March 23, 2009 at Gwalior as a private limited company under the Companies Act, 1956. Thereafter, pursuant to a special resolution passed by the Shareholders on September 9, 2016, the Company was converted into a public limited company and the name was changed to Prataap Snacks Limited. The RoC issued a fresh certificate of incorporation consequent to change of name on September 19, 2016.Â

Major events and milestones of the Company

2002

-Incorporation of Prakash Snacks Private Limited.

2004

-Prakash Snacks set up a plant to manufacture potato chips in Indore.

2006

-Prakash Snacks installed a plant to manufacture chulbule in Indore.

2009

-Incorporation of the Company.

2010

-The plant at Indore for manufacturing extruded snacks received ISO 22000:2005 certification.

2011

-Incorporation of the wholly owned subsidiary Pure N Sure Food Bites Private Limited.

-The Company, by way of slump sale, took over the business of Prakash Snacks.

-The Company acquired the brand Yellow Diamond from Prakash Snacks.

-The Company commissioned plants to manufacture rings and namkeen in Indore.

-Investment by Sequoia in the Company aggregating to Rs. 620 million.

2012

-The Company set up a new plant to manufacture potato chips in Indore.

-Investment by Sequoia in the Company aggregating to Rs. 120 million.

2013

-Investment by Sequoia in the Company aggregating to Rs. 300 million.

2014

-The Company commissioned a plant to manufacture rings, chulbule and pellets at Guwahati.

-Investment by Sequoia in the Company aggregating to Rs. 250 million.

2015

-The Company increased the capacity of chulbule and rings manufacturing plants in Indore.

2016

-The Company has commissioned a new plant to manufacture rings at Guwahati.

-The plants at Indore for manufacturing potato chips and namkeen received ISO 22000:2005 certification.

-Conversion of the Company into a public limited company and change of name to Prataap Snacks Limited.

2017

-The Company has undertaken a Pre-IPO Placement of 533,000 Equity Shares for cash consideration amounting to Rs. 500 million.

-Prataap Snacks, the maker of Yellow Diamond Chips which is endorsed by actor Salman Khan, said that its subsidiary, Pure N Sure Food Bites, has launched new variety of sweet snacks.

2021

-''Receipt of Approval under Production Linked Incentive (PLI) Scheme of Government of India.''.

- Commercial production at the newly set up Unit situated at Plot No. 5511, 5512 and 5513, Mouza - New Kolorah, Police Station - Domjur, District - Howrah, West Bengal - 711302 has commenced on 26th July, 2021. The aforesaid Unit has been set up for production of extruded snacks, pellets and other snacks with a capacity of about 6,000 MT per annum.

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