Sarveshwar Foods Achieves ₹500 Crores in Sales for the First Time in Half a Fiscal Year

Key Takeaways from the Announcement

• Sarveshwar Foods Limited has achieved over ₹500 crores in sales for the first time in its history, driven by its organic product line.
• The company is witnessing a growing recognition of its commitment to high-quality organic offerings, which has significantly contributed to its growth.
• SFL aims to maintain a compound annual growth rate (CAGR) of approximately 25%, leveraging its rich heritage and innovative practices.

This achievement marks a significant milestone for the company, reflecting the growing popularity of its premium offerings, particularly its organic products sold under the brand name 'Nimbark'. The increase in sales is largely attributed to a notable shift in consumer preferences towards healthier and more sustainable food choices.

With a legacy of over 130 years, SFL has established itself as a reputable manufacturer and marketer of both branded and unbranded basmati and non-basmati rice, alongside various FMCG and organic products. The company's operations are based in the fertile Jammu region, where rice is cultivated using organic practices that align with the philosophy of a ‘SATVIK’ lifestyle. 

Rohit Gupta, Chairman of Sarveshwar Group, expressed gratitude for customer trust and emphasised that this achievement underscores their commitment to sustainable practices. He stated, “Our focus on delivering high-quality, organic offerings not only enhances lives but also promotes sustainable practices.” This commitment is reflected in SFL's strategic alignment with evolving market trends that favour health-conscious consumers.

The company's success is further supported by an array of prestigious certifications, including ISO 22000:2018 and USFDA, which ensure adherence to international food safety standards. SFL employs a comprehensive strategy to reach consumers through various channels: conventional retail outlets, proprietary retail stores, and an online platform at www.nimbarkfoods.com.

Looking ahead, Sarveshwar Foods is strategically positioned to build on this momentum by enhancing product offerings and expanding distribution channels. The company aims to adapt proactively to market changes while reinforcing its role as a leader in the agro product FMCG sector. By investing in sustainable practices and innovation across its product lines, SFL seeks to meet the increasing demand for high-quality organic products.

About Sarveshwar Foods Limited

Sarveshwar Foods Limited is an ISO 22000:2018 and USFDA certified company engaged in manufacturing, trading, processing, and marketing branded and unbranded basmati and non-basmati rice. With operations based out of Jammu and Kashmir, SFL has been serving healthy and tasty rice for over 130 years. The company is committed to sustainable practices without artificial fertilisers or chemicals, producing a full range of organic products sold under the brand name ‘Nimbark’. 

Key Takeaways from Pritika Auto Order Win:

• Pritika Auto Industries Limited has secured a significant order worth INR 30 crore per annum from leading OEM tractor manufacturers.
• The order includes approximately 250 tons of new large components per month, each weighing over 78 kilograms.
• The order reflects Pritika Auto Industries’ dedication to innovation and excellence in meeting the evolving needs of the automotive industry, particularly in agriculture.

The order includes the supply of around 250 tonnes of new large components each month, with each component weighing over 78 kilograms. This demonstrates Pritika Auto's expertise in producing durable, heavy products.

The new order reflects Pritika Auto Industries’ commitment to innovation and excellence in meeting the changing needs of the automotive industry, especially in the agricultural sector.

Commenting on the development, Harpreet S. Nibber, Managing Director, Pritika Auto Industries said, “This achievement not only underscores our ability to meet the stringent demands of leading OEM tractor manufacturers but also highlights our commitment to supporting the agricultural sector with robust and reliable components.”

About Pritika Auto Industries Limited:

Pritika Auto Industries Limited is a key company in the Pritika Group, founded in 1974 by Mr. Raminder S. Nibber, initially focusing on small forgings. Over the years, under his leadership, the company has become a trusted name in the market, specialising in machined castings and automotive components. Pritika operates modern manufacturing facilities in Derabassi, Hoshiarpur, and Mohali in Punjab, as well as in Tahliwal, Himachal Pradesh, with a total production capacity of over 75,000 metric tons per year.

Primarily serving the tractor and commercial vehicle sectors, Pritika aims to expand and diversify its product offerings. The company produces a variety of products, including axle housings, wheel housings, hydraulic lift housings, and brake housings. Pritika is one of the largest suppliers of components in the Indian tractor industry and supplies to well-known OEMs like M&M Swaraj, TAFE, and Ashok Leyland. The company’s goal is to consistently deliver high-quality products at competitive prices to meet customer needs.

Key Takeaways from the Announcement

• The MoU between RITES and DMRC will focus on general consultancy, project management, detailed design, and feasibility studies for metro projects.
• This collaboration aligns with RITES' ‘RITES Videsh’ initiative to expand its global presence in transport infrastructure.
• Both organisations are well-positioned to deliver world-class solutions in urban transit systems based on their extensive experience and expertise.

The agreement took place in New Delhi, where officials from both RITES and DMRC expressed their commitment to working together on various metro projects. The partnership is expected to tap into emerging opportunities within the urban transit sector, focusing on delivering high-quality services for both domestic and international clients.

RITES Limited has a rich history of over 50 years in the transport consultancy and engineering sector, having undertaken projects in more than 55 countries across Asia, Africa, Latin America, South America, and the Middle East. This MoU with DMRC is a significant step towards enhancing its capabilities in metro rail operations.

The collaboration will enable RITES to utilise DMRC's extensive operational experience while contributing its proven expertise in transport infrastructure. This synergy is anticipated to yield innovative solutions for metro projects that cater to the growing demands of urban transportation.

About RITES Limited

RITES Limited is a Navratna Public Sector Enterprise recognised for its diversified services in transport consultancy and engineering. The company has established itself as a leader in the sector, providing comprehensive solutions that include project management and feasibility studies for various transport infrastructure projects.

Key Takeaways from the Share Surge

• BSE Limited's share price surged by 7% following the merger announcement of its subsidiaries.
• The merger of BSE Tech Infra Services with BSE Technologies became effective on October 1, 2024.
• Investors responded positively, indicating market confidence in the merger's potential benefits.

The merger was approved by the Regional Director, Western Region, under Section 233 of the Companies Act, 2013, and became effective from October 1, 2024. BSE Tech Infra Services Private Limited ceased to exist as of this date, streamlining the operations under BSE TechnologiesThe market reacted positively to the announcement, reflecting investor confidence in the consolidation, which is expected to enhance operational efficiencies within BSE Limited's technology segment.

About BSE Limited

BSE Limited is an Indian stock exchange company offering a transparent platform for trading in a variety of financial instruments, including equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds, and stock lending and borrowing. It operates through segments that facilitate trading in securities and provide related services. BSE also has a dedicated platform for trading equities of small and medium enterprises (SMEs). Additionally, it offers services such as risk management, clearing, settlement, market data, and education for capital market participants. Its systems aim to maintain market integrity, promote the growth of India's capital market, and encourage innovation and competition. BSE's "Direct" is a web-based platform that allows individual investors to trade in Government Securities (G-Sec) and Treasury Bills (T-Bills) issued by the Government of India.