Madhusudan Masala Ltd

Madhusudan Masala Limited was originally formed as a Partnership Firm under the Indian Partnership Act, 1932 with Registrar of Firms, Gujarat in the name and style of 'M/s. Madhusudan & Co.', in 1982. Further 'M/s. Madhusudan & Co.' was converted into a Private Limited Company in the name of 'Madhusudan Masala Private Limited' dated December 14, 2021, issued by Registrar of Companies. Subsequently, the Company was converted into a Public Limited Company named 'Madhusudan Masala Limited' vide fresh Certificate of Incorporation dated April 29, 2023 issued by the Registrar of Companies, Ahmedabad. The Company manufactures, processes and markets spices and allied grocery products from Jamnagar, Gujarat, through four brands: Double Hathi, Maharaja, Mantavya and 77 Green - together with whole spices, ground spices, tea and a range of allied grocery products. It has a wholly owned subsidiary at Metoda, Rajkot. The Company started current manufacturing unit at Industrial Area Hapa, Near Jamnagar Unit in FY 2015. The Company set up a multi commodity agri products cold storage with capacity of 4029 MT in FY 2022. The range of spices includes (i) Ground spices which comprises of various varieties of Chilli Powder, Turmeric Powder, Coriander Powder and Coriander Cumin Powder and (ii) Blend spices which comprises of Garam Masala, Tea Masala, Chhole Masala, Sambhar Masala, Pav Bhaji Masala, Pani Puri Masala, Sabji Masala, Kitchen King Masala, Chicken Masala, Meat Masala, Chatpata Chat Masala, Butter Milk Masala, Chewda Masala, Dry Ginger Powder (Sunth), Black Pepper Powder (Mari), Dry Mango Powder (Aamchur) etc. The Company deals in whole spices in retail and bulk quantity. It has earned goodwill & competitive edge through the consistent quality oriented product development approach. The Company came up with IPO by issuing 34,00,000 Equity Shares of Rs 10 each and raised Rs 23.8 crore through fresh issue on September 21, 2023. The Company acquired 100% equity stake in Vitagreen Products Pvt. Ltd, making it a wholly owned subsidiary of the Company in FY 2024. It launched the 'MAHARAJA' brand for the sale of ground spices for rural market in FY 2025. The Company added more than 21,000 retail grocery stores, over 770 wholesalers, more than 120 distributors and between ten and fifteen super stockists, and entered two new states during 2026.