About Stanbik Agro Ltd
Our Company was originally incorporated as a Private Limited Company by the name of Stanbik Commercial Private Limited on February 10, 2021, under the provision of the Companies Act, 2013 bearing Corporate Identification Number U51909GJ2021PTC120155 issued by the Registrar of Companies (ROC), Central Registration Centre (CPC). Subsequently, the name of Our Company was changed to Stanbik Agro Private Limited on March 21, 2024 and a fresh certificate of incorporation was issued by the Registrar of Companies, Central Processing Centre. Our Company acquired a partnership firm 'Jay Chamunda Trading Company', owned by our promoters Ashokbhai Dhanajibhai Prajapati and Chirag Ashokbhai Prajapati, on March 22, 2024, under the terms of a Business Takeover Agreement. Thereafter, Our Company was converted into Public Limited Company under the Companies Act, 2013 and the name of Our Company was changed to Stanbik Agro Limited vide a fresh Certificate of Incorporation dated July 08, 2024 consequent upon conversion from Private Limited Company to Public Limited Company bearing Corporate Identification Number U51909GJ2021PLC120155 issued by the Registrar of Companies, Central Processing Centre. Initially, the Registered Office of the Company was situated at 137/3/1, +550/B/1, Nani Salviwad, Saraspur, Ahmedabad, Gujarat, India, 380018, thereafter it was changed to F-104 Om Residensy, Adalaj, Gandhinagar,- 382421, Gujarat, India on October 18, 2023. It was further changed to D 1106, Titanium City Centre, Near Sachin Tower,100 Feet Road, S A C, Ahmedabad, Ahmedabad City, Gujarat-380015 on January 01, 2024.
India is one of the major players in the agriculture sector worldwide and it is the primary source of livelihood for 55% of India's population. India has the world's largest cattle herd (buffaloes), the largest area planted for wheat, rice, and cotton, and is the largest producer of milk, pulses, and spices in the world. It is the second-largest producer of fruit, vegetables, tea, farmed fish, cotton, sugarcane, wheat, rice, cotton, and sugar. The agriculture sector in India holds the record for second-largest agricultural land in the world generating employment for about half of the country's population. Thus, farmers become an integral part of the sector to provide us with a means of sustenance. The Indian food industry is poised for huge growth, increasing its contribution to world food trade every year due to its immense potential for value addition, particularly within the food processing industry. The Indian food processing industry accounts for 32% of the country's total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. Foodgrain production in India touched 330.5 million metric tonnes (MT) in 2022-23 (3rd Advance Estimate). India is the world's 2nd largest producer of food grains, fruits and vegetables and the 2nd largest exporter of sugar. A total of 521.27 LMT rice has been anticipated for procurement for the upcoming KMS 2023-24, up from 496 LMT produced during the previous KMS 2022-23. According to Inc42, the Indian agricultural sector is predicted to increase to US$ 24 billion by 2025. Indian food and grocery market is the world's sixth largest, with retail contributing 70% of the sales. The first advance estimate for FY25 indicated a food grain production of around 165 million metric tons. In FY24, India produced over 332 million metric tons of food grains. The total Kharif food grain production for 2024-25, according to the First Advance Estimates, is projected at 1647.05 Lakh Metric Tonnes (LMT), marking an increase of 89.37 LMT from the previous year and 124.59 LMT above the average Kharif food grain production. Rabi crop area has from 709.09 lakh hectares in 2022-23 to 709.29 lakh hectares in 2022-23. In 2022-23 (as per the second advance estimate), India's horticulture output is expected to have hit a record 351.92 million tonnes (MT), an increase of about 4.74 million tonnes (1.37%) as compared to the year 2021-22. The Agriculture and Allied industry sector witnessed some major developments, investments, and support from the Government in the recent past. Between April 2000-September 2024, FDI in agriculture services stood at Rs. 26,836 crore (US$ 3.11) billion. According to the Department for Promotion of Industry and Internal Trade (DPIIT), the Indian food processing industry has cumulatively attracted a Foreign Direct Investment (FDI) equity inflow of about Rs. 1,11,831 crore (US$ 12.96 billion) between April 2000-September 2024. This accounts for 1.83% of total FDI inflows received across industries. During 2024-25 (April-May), processed vegetables accounted for US$ 122.91 million, miscellaneous processed items accounted for US$ 302.07 million and processed fruits & juices accounted for US$ 143.51 million. India's exports of agricultural and processed food products rose by more than 11% YoY to Rs. 1,54,314 crore (US$ 17.77 billion) during April-December of FY25. Rapid population expansion in India is the main factor driving the industry. The rising income levels in rural and urban areas, which have contributed to an increase in the demand for agricultural products across the nation, provide additional support for this. In accordance with this, the market is being stimulated by the growing adoption of cutting-edge techniques including blockchain, Artificial Intelligence (AI), geographic information systems (GIS), drones, and remote sensing technologies, as well as the release of various e-farming applications.
Our company carries on the business of contract farming, wholesaling and supplying of agricultural commodities. Our Company was founded with a clear mission: to bring the fresh fruits and vegetables directly from the farm to the table while promoting sustainable farming practices. Our Company has earned a reputation as the reliable supplier of these products. Our experience, expertise, and commitment to our core values of freshness and quality has led to consistency & customer satisfaction.
Peer Comparison:
- Stanbik Agro Limited
- Prime fresh Limited
- City Crops Agro Limited
