Ganesh Consumer Products Ltd IPO

About Ganesh Consumer Products Ltd

Our Company was originally incorporated as a private limited company under the name Ganesh Wheat Products Private Limited at Kolkata, West Bengal under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 9, 2000, issued by the RoC. Subsequently, our Company acquired the business of Ganesh Flour Mills, a sole proprietorship firm pursuant to a Business Transfer Agreement. Subsequently, pursuant to a resolution passed by our Shareholder's in the extraordinary general meeting held on December 24, 2010, the name of our Company was changed from Ganesh Wheat Products Private Limited to Ganesh Grains Private Limited, to reflect the principal object and the kind of business activities to be carried out by our Company and consequently, a fresh certificate of incorporation dated January 4, 2011, was issued by the RoC to our Company. Subsequently, our Company was converted from a private limited company to a public limited company, pursuant to a resolution passed by the Shareholder's in the extraordinary general meeting held on January 28, 2011, and the name of our Company was changed to Ganesh Grains Limited, and a fresh certificate of incorporation dated February 5, 2011, was issued to our Company by the RoC. Subsequently, pursuant to a resolution passed by our Shareholder's in the extraordinary general meeting held on July 13, 2024, the name of our Company was changed from Ganesh Grains Limited to Ganesh Consumer Products Limited, to reflect the true nature of Company's business and a fresh certificate of incorporation dated August 12, 2024, was issued by the Registrar of Companies, Central Processing Centre.

The Indian packaged food market is estimated at Rs.1,117,457 crore for FY 2025 and is expected to reach Rs.1,877,251 crore by FY 2030, growing at a CAGR of ~10.9%. This growth is driven by factors like consumer preference for the convenience of packaged food, a growing number of working women and the growth of modern retail. The packaged staples segment makes up the largest portion of this market, estimated at Rs.406,334 crore in FY 2025 and projected to grow to Rs.653,406 crore by FY 2030, at a CAGR of ~10.0%. Within the packaged staple market, packaged edible oil and packaged flour are the two highest-value categories. The packaged flour market, encompassing packaged wheat flour, maida, besan, sattu and ethnic flour, was valued at Rs. 42,704 crore in FY 2025 and is expected to reach Rs.86,962 crore by FY 2030, at a CAGR of ~15.3%.

We are a FMCG company headquartered in Kolkata, West Bengal and in terms of value sold in Fiscal 2025 we are the third largest brand of packaged whole wheat flour (atta) and largest brand in wheat-based derivatives (maida, sooji, dalia) in East India. In East India, in terms of value for Fiscal 2025, our Company is also one of the top two players for packaged sattu and besan (which are gram-based flour products) with a share ~43.4% (sattu) and ~4.9% (besan) in East India market for respective products, with a growing presence in various consumer staple categories such as spices and ethnic snacks. We offer a range of consumer staples comprising of (i) whole wheat flour (atta), (ii) wheat and gram-based value-added flour products, and (iii) other emerging food products. Our products are sold under our flagship brand Ganesh, which serves as our primary identity in the market.

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