Corporate Profile

Our Company was incorporated on February 2, 2018 as ‘M.V.K. Agro Food Product Limited’, a public limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by Registrar of Companies, Central Registration Centre. The corporate identification number of our company is U15316MH2018PLC304795.

We are an integrated sugar and other allied products manufacturing company operating from Nanded District in the State of Maharashtra. We operate a single location sugar unit having licensed crushing capacity of 2,500 TCD. In addition to sugar we also commercialise and sell our by-products and waste products, namely, Molasses, Bagasse and Pressmud. We are also engaged in the generation of Power for captive consumption. Our business can hence be broken up into two segments, namely Sugar and its by-products/waste products. In the year 2020, we commenced operations of manufacturing of Sugar. In the year 2020, our Company implemented backward integration and began commercial operations of the by-products and waste products of Sugar along with Co-Generation capabilities. Over the years, we have expanded the production / manufacturing capacities of all our products. Our present licensed manufacturing capacity for our various products is given below: 

S. No.ProductCurrent Approved Capacity
1.Sugar2,500 Tones Cane per day (TCD)
2.Molasses120 Tones per day
3.Bagasse750 Tones per day
4.Pressmud90 Tones per day

Our Company follows a diversified marketing approach for marketing and selling its products. We market and sell our products through domestic brokers and export-oriented commodity traders.

 

Domestic Brokers: We market and sell our Sugar through brokers, with whom we share long term relationship. Our brokers further market and sell Sugar to institutional confectionary manufactures, such as PepsiCo Holdings India Private Limited, Parle Biscuits Private Limited and Britannia Industries Limited, etc. Our products are used as a raw materials by the institutional manufacturers for manufacturing finished products such as biscuits, rusk and other bakery products. Our brokers also market and sell our products directly to wholesalers and large retailers, all over India. We believe that the marketing initiatives of our brokers have enabled us in creating a brand presence in the domestic market.

Export-oriented commodity traders: In addition to our association with brokers, we also sell our products to export oriented commodity traders, such as, Sakuma Exports Limited,  Indian Sugar Exim Corporation, Garden Court and HRMM Agro Overseas Private Limited. Our commodity traders have built long-standing relationships with international buyers of various grades of raw sugar, and therefore we sell Sugar in bulk quantities to our commodity traders, who further market and sell it in both bulk and containerised forms in global markets.

We have achieved complete integration by marketing and selling by-products and waste products produced while manufacturing sugar. Our sugar manufacturing unit is an integrated production facility, which first crushes sugarcane to extract juice and processes the juice to produce Sugar. The Sugar manufactured is then graded and packed based on the size of crystals and quality of the sugarcane. After extracting the juice from sugarcane, the residual fibre leftover called Bagasse is used by our Company as raw material for in-house power generation, for captive consumption. During the manufacture of Sugar, bagasse, molasses and pressmud are accumulated as by-products and waste material. We commercialise the said products to third party bio-coal and ethanol manufacturers, thereby achieving complete integration.

We have a successful track record which has enabled us to develop an effective business model with stringent control over processes, including raw material procurement, manufacturing operations, inventory management and management of distribution logistics. We adhere to stringent product quality standards and closely track consumer preferences across segments from cross-section of markets. Our Company runs a zero wastage manufacturing unit, wherein waste material generated from our divisions is either sold or processed in power generation. We further market and sell our by-product, bagasse, molasses and pressmud, and therefore commercialise our by-product as well as waste material. The commercialisation of our waste material makes our manufacturing unit a zero wastage unit or a zero discharge unit.

We believe our complete integration of operations and in-house generation of Power for captive consumption has helped us in achieving sustainability in our business operations. Our manufacturing unit is completely operated through the power generated through waste material collected during the sugar manufacturing process. We do not rely on any third party power sources to run our manufacturing process. Furthermore, our manufacturing operations our seasonal in nature, owing to our dependence on harvesting and cultivation of sugarcane. Therefore we run our manufacturing unit on a 24 hour basis from November until March and manufacture and stock the sugar in adequate quantities to sustain the demands of our customers from April to October. Our cyclical operations are in line with the harvesting season and therefore supplements the natural cycle of production of sugarcane. Our cyclical operations also ensure adequate demand of sugarcane for the famers and therefore also sustains their livelihood during the harvest period. In addition to the above, our Company has adopted a circular manufacturing process, wherein by-products and waste material are either used in power generation or are commercialised to third parties for manufacturing sustainable products such as, bio-coal and bio-gas. Our integrated operations make us a sustainable ‘zero-discharge’ unit.

Production of sugar and power requires our Company to adopt stringent Quality Assurance and Quality Control standards (QA/QC). We have formed a quality control and quality assurance division (“Quality Division”) set-up an in-house laboratory in our manufacturing unit which ensures that quality of raw material used in the production process and also the finished goods delivered to our customers is subject to various tests. To access and facilitate compliance with applicable requirements, our Quality Division regularly reviews the quality systems to determine their effectiveness and identify areas for improvement. This helps in improving our procurement process thus reducing wastages, returns and other related costs.