MGI represents an enterprise and brand with 49 years of national and global
experience. It currently operates more than 54 industrial units, houses over 50,000
employees, 6,650 distributors, and 15,000 suppliers under its umbrella, and achieves
an annual turnover of approximately $3.0 billion.
The history of one of Bangladesh’s largest leading conglomerates, Meghna Group of
Industries (MGI) can be traced all the way back to 1976 when its predecessor
operated under the name of Kamal Trading Company. The conglomerate itself has
humble origins and began its life as Meghna Vegetable Oil Industries Ltd. in 1989 on
a small patch of land in Meghnaghat, Narayanganj.
The secret to the success and vast expansion of MGI has been diversification. The
group has entered a broad array of different markets and industries including Fast
Moving Consumer Goods (FMCG), building materials, pulp and paper, LPG, feeds,
fiber, power plants, shipping, seeds crushing, chemicals, ship building, dockyard,
securities, insurance, media and aviation. The product range of MGI today is truly
impressive and the conglomerate markets most of its products under the recognisable
brand names of "Fresh", "No.1", "Actifit", "Pure" and "Meghnacem Deluxe". The
result of this level of reach and diversification has been that one in every two
households in Bangladesh uses MGI products. Internationally MGI has a substantial
presence in the Middle East, Southeast Asia, Europe, South Africa, and North and
South America.
As a result of this relentless process of expansion MGI has become a powerful player
within Bangladesh and has become the largest investor in relation to industrial
development in Bangladesh over the last few years. MGI became the first company
in Bangladesh to establish a private economic zone known as the "Meghna Economic
Zone", which has since been followed by the creation of two further economic zones,
which are named “Meghna Industrial Economic Zone” and “Cumilla Economic
Zone” respectively. The conglomerate has expanded even further since this point,
with an unprecedented investment of $451 million in 2020 that has erected nine new
industrial units within its multiple economic zones.
Throughout this process the unwavering commitment of its visionary leader,
Mostafa Kamal, has been pivotal for both the conglomerate and the Bangladeshi
Economy. Renowned for his entrepreneurial expertise and patriotism, Mostafa
Kamal has played a key role in the development of industry, healthcare, education,
sports and social welfare in Bangladesh. The integrity and dedication towards the
group that he has played a vital part in the overall success of MGI.
VISION
To be Bangladesh’s most admired and progressive global conglomerate.
MISSION
Delighting our customers and maximizing value by innovative solutions, inspired
employees, adaptation of technological advancements and living in harmony with
environment.
Here is a summary of financial information of MEGHANA FOODS PVT LTD for
the financial year ending on 31 March, 2021.
Revenue / turnover of MEGHANA FOODS PVT LTD is INR 1 cr - 100 cr
Net worth of the company has decreased by -30.45 %
EBITDA of the company has decreased by -90.00 %
Total assets of the company has increased by 0.18 %
Liabilities of the company has decreased by -16.86 %
DIRECTORS - MEGHANA FOODS PVT LTD
The company has 2 directors and no reported key management personnel.
The longest serving director currently on board is Rambabu Mandava who was
appointed on 12 July, 1985. Rambabu Mandava has been on the board for more than
38 years. The most recently appointed director is Atluri Padma, who was appointed
on 09 August, 2005.
Atluri Padma has the largest number of other directorships with a seat at a total of 3
companies. In total, the company is connected to 2 other companies through its
directors.
MEGHANA FOODS PVT LTD - CIN : U15209TG1985PTC005645
MEGHANA FOODS PVT LTD is a registered company under Ministry of
Corporate Affairs (MCA) bearing CIN: U15209TG1985PTC005645. MEGHANA
FOODS PVT LTD is a 38.10 Years old Private UnListed incorporated in the year
1985.
The Paid-Up Capital of MEGHANA FOODS PVT LTD is ₹94.58 Lakhs and is
authorized to raise capital up to ₹3.00 Cr excluding premium.
MEGHANA FOODS PVT LTD is Active company as on 08-05-2024 as per MCA.
The Latest Balance Sheet date of MEGHANA FOODS PVT LTD is 31-03-2023.
Meghana Foods Key Metrics
Founded Year
2023
Location
Dubai, United Arab Emirates
Company Stage
Unfunded
Acquisitions
Meghana Foods has not made any acquisitions yet
Investments
Meghana Foods has not made any investments yet
Company profile of Meghana Foods
What sectors and market segments does Meghana Foods operate in?
Meghana Foods serves in the Food and Agriculture market segments.
The primary business model of Meghana Foods is:
Food and Agriculture > ********* ** **** ** > ******
Funding and Investors of Meghana Foods
How much funding has Meghana Foods raised till date?
Meghana Foods has not raised any funding rounds yet.
Who are the investors in Meghana Foods?
There are no Institutional or Angel investors in Meghana Foods.
Competitors of Meghana Foods
Competitive landscape of Meghana Foods
Meghana Foods has a total of 19 competitors and it ranks 19 th among them. 1 of its
competitors is funded while 3 have exited. Overall, Meghana Foods and its
competitors have raised over $400K in funding across 2 funding rounds involving 1
investors. There is 1 public and 2 acquired companies in the entire competition set.
Company Research Report
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behind a company.
Mortgages and charges: Study the list of charges on the assets of a company, and its
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company has changed overtime.
Financial Terms
Home › Financial Terms
Investors, analysts, businesses, and even those who love reading financial news must
be aware of basic financial terminology. In order to have a better understanding of
what you are hearing in the market news or reading in finance reports by referring to
a finance glossary. With this, you will have a better understanding of what they mean
for a company.
Here are some of the most important Financial terms & concept:
1) Efficiency Ratio
Efficiency ratios indicate the ability of a business to use its assets and liabilities for
generating sales. An organization that is highly efficient would have minimized its
net investment in assets.
2) Balance Sheet
A balance sheet reports shareholder’s equity, liabilities, and assets of a business at a
given point. It is one of the major financial statements utilized by business owners
and accountants.
3) Debt-to-Equity Ratio
The debt-to-Equity (D/E) ratio is used to assess a company’s financial standing. It is
a measure of the relative contribution of shareholders and creditors in the capital
employed in the business.
4) Liquidity Ratio
A liquidity ratio indicates the ability of an organization to the stakeholders as and
when it comes due. In general, liquidity ratios measure liquidity and these ratios are
short-term in nature.
5) Profit and Loss
A Profit and Loss statement or account is popularly referred to as a P&L statement,
Statement of Earnings, or Statement of Operations. It provides detailed insight on the
revenue of a company for a given time period, tax and depreciation, earning per
share number, and expenses incurred to generate the revenue.
6) Profitability Ratios
Profitability Ratios are metrics used to assess the profit potential of a business
relative to its operating costs, sales revenue, balance sheet, assets, and shareholders'
equity.
7) Ratio Analysis
Ratio analysis is a quantitative analysis done to ascertain the financial performance
of a company. It provides detailed insight into the company’s profitability,
operational efficiency, liquidity, debt, market solvency, and other crucial aspects.
8) Solvency Ratio
Solvency ratios assess the long-term health of a company by evaluating its long term
debt and interest accrued on that debt. Solvency ratios are crucial components of
financial analysis and assist in determining whether a company has enough cash flow
to manage its debt obligation.
9) EBITDA
EBITDA is a metric used to assess a company’s operating performance. Earnings
before interest, taxes, depreciation, and amortization, or EBITDA, sometimes acts as
an alternative to other metrics, including net income or revenue.
10) Quick Ratio
The quick ratio indicates the short-term liquidity position of a company. It signifies
its ability to manage short-term obligations with its liquid assets.
11) Capital Structure
Capital Structure is a specific combination of debt and equity of a company required
to fund its overall growth and operations. Short-term debts are often considered an
integral part of the capital structure.
12) Net Worth
Net worth refers to the value of everything that you own and comprises both
financial and non-financial assets. It primarily serves as an indicator of your financial
health.
13) Current Ratio
The current ratio is one of the several liquidity ratios used in studying the ability of a
company to meet its short-term obligations. The current ratio is also commonly
referred to as the working capital ratio.
14) Interest Coverage Ratio
The interest coverage ratio determines the ability of a company to pay off its debts.
Creditors use this ratio to determine the financial health of a company.
15) Assets
An asset is something that holds an economic value and can be converted into cash
whenever required. Assets play a crucial role in ensuring the profitability of a
business or its viability in the long-term.
16) Accounts Payable
Accounts Payable and its management are crucial for any business. It refers to the
amount owed by an entity to its suppliers or vendors for the goods or services
availed.
17) Liabilities
Liability refers to the obligations of a company to a supplier, lender, bank, or other
providers of goods, services, or loans. It requires an entity to give up a part of its
economic benefit for settling past events or transactions.
18) Revenue
Revenue refers to the income of a company that it receives from its day-to-day
business operations. On the income statement, revenue is also referred to as sales.
In summary:
Having an understanding of financial terms and meaning is crucial if you encounter
them on a day to day basis. Being aware of the common financial terms will help you
carry out an accurate analysis of the financial markets. Knowing financial terms'
meaning and why it is being used will help you understand how it affects the stock
prices and the financial market. You can always refer to a finance dictionary if you
are not aware of the actual meaning of any term you come across.
Meghana Foods PVT LTD is a Non-govt company, incorporated on 12 Jul, 1985. It's
a private unlisted company and is classified as'company limited by shares'.
Company's authorized capital stands at Rs 150.0 lakhs and has 63.053333% paid-up
capital which is Rs 94.58 lakhs. Meghana Foods PVT LTD last annual general meet
(AGM) happened on 29 Sep, 2017. The company last updated its financials on 31
Mar, 2017 as per Ministry of Corporate Affairs (MCA).
Meghana Foods PVT LTD is majorly in Manufacturing (Food stuffs) business from
last 39 years and currently, company operations are active. Current board members
& directors are ATLURI PADMA and RAMBABU MANDAVA .
Company is registered in Hyderabad (Telangana) Registrar Office. Meghana Foods
PVT LTD registered address is D-81, PHASE-I, IDA,JEEDIMETLA,
HYDERABAD. A.P TG 500085 IN.
Definition
Revenue from operations.
Why this is measured
It is an index that showcases the
Company’s ability to maximise
revenues, which provides a basis
against which the Company’s
performance can be compared with
sectoral peers.
What this means
Aggregate sales increased 16%
during the year under review on
account of a wider marketing
footprint.
Value impact
The volume offtake remained
creditable in an otherwise
challenging year for the economy,
protecting the Company’s industry
visibility.
Definition
Earnings before the deduction of
interest, depreciation, exceptional
items and tax.
Why this is measured
It is an index that showcases the
Company’s ability to generate a
surplus after operating costs, creating
a base for comparison with sectoral
peers.
What this means
Helps create a robust surplus
generating engine that facilitates
reinvestment.
Value impact
The Company reported 7% growth in
EBITDA in FY2022-23.
Definition
Profit earned during the year after
deducting all expenses (before
exceptional items).
Why this is measured
This measure highlights the strength
of the business model in enhancing
shareholder value.
What this means
This ensures the quantum of cash
available for reinvestment.
Value impact
The Company reported a 9% increase
in profit before tax and exceptional
items in FY2022-23.
Definition
This is derived through the accretion
of shareholder-owned funds.
Why this is measured
Net worth indicates the financial
soundness of the Company – the
higher the better.
What this means
This indicates the borrowing capacity
of the Company that influences the
gearing (which, in turn, influences
the cost at which the Company can
mobilise debt).
Value impact
The Company’s net worth
strengthened 4% during the year
under review.
Since cane accounts for nearly 90% of all
the raw material costs incurred by the
Company, the management of cane – cost,
quality, quantum and timely availability – is
possibly the single biggest influence on the
Company’s profitability.
In view of this, cane development and
management are not just incidental to the
business of EID Parry; they are integral to
sustainability. Any improvement in cane
development or management carries the
potential of a disproportionately cascading
improvement in the Company’s operations
across all its business verticals.
In view of this, EID Parry invested
proactively in dedicated research and
development for cane development and
management, possibly the only such
instance in the Indian sugar industry. This
facility is dedicated to the development
of new cane varieties resistant to disease,
high on yield, adaptability to different
Nature of engagement
Cane development
Source support: The Company produces
seedlings in its captive nursery with
demonstrated credentials of disease
resistance, yield superiority and early
maturity; these are then distributed among
farmers to generate superior yields and
recovery.
Holistic support: The Company engaged
with agro-service intermediaries who
provided cultivation support to farmers,
resulting in a dispersed, proximate and
timely support; this assistance and
engagement enhanced.
Modern: The Company placed root sensors
across 30 acres of its command area, which
helped automate irrigation and moderate
water consumption in an otherwise
water-intensive business; the thirdgeneration irrigation practice has helped
protect water tables across the Company’s
command areas, strengthening ecological
sustainability.
Automation: The Company employed
the use of digital drones that helped spray
weedicides and micro-nutrients across
the command area, moderating time and
costs on the one hand and enhancing
effectiveness on the other.
Cane management
Protection: The Company insured farmer
plots under the Farmer Crop Insurance
Scheme which, unlike farmer crop
insurance, does not require declaration
by any government authority for claims.
This enhanced confidence and trust in the
overall system, attracting more farmers to
plant cane. Besides, the Company covered
all farmer lives under an insurance policy,
7-12
Days in which cane farmers were
paid by the Company, FY23
Big numbers
1,693 1,634 1,219
H Crore, quantum of
cane procured by the
Company, FY2022-23
H Crore, quantum of
cane procured by the
Company, FY2021-22
H Crore, quantum of
cane procured by the
Company, FY2020-21
strengthening its brand as a company that
cares.
Digital: The Company’s EID Farmer
Connect app has deepened engagements
with farmers, providing real-time updates
on their scheduled harvesting date,
payments and other details, enhancing
trust, convenience and transparency
– at the click of a button. Besides, the
Company’s call centre updated farmers in
the vernacular on schemes and became
a convenient turn-to intermediary in
the event of issues needing immediate
redressal.
Support: The Company deepened its
positioning as an engaged partner that
provided short-term financial assistance
to farmers for addressing family events or
educational needs.
Strengths
The Company enjoys a rich multi-decade
understanding of cane development,
considering that it commissioned the
first sugar factory in South Asia in 1842.
The Company possesses an extensive
understanding of soil characteristics, cane
varieties and weather changes leading to
informed decision making.
The Company’s cane is sourced from
around 1 Lakh farmers; the majority of
these farmers have been engaged for years,
resulting in annuity-like engagement that
has enhanced the predictability of cane
access to the Company and incomes for
the farmers. The Company remunerated
farmers within 7 to 12 days, strengthening
their cash flows and providing them with
a superior return over competing crop
alternatives.
The Company invested in cutting-edge
science to catalyse cane development.
It is the only one in South India with a
sugarcane varietal breeding programme
directed to develop new cane varieties to
replace existing alternatives. The success of
this programme has been derived from the
Company’s capacity to develop
in-house seedlings derived from its tissue
lab, covering 25% of the Company’s
aggregated command area. Besides, the
Company’s captive nursery farm distributes
clean seeds to farmers; its Parry India 1110
seedling, developed in-house, addresses
diverse agro-climatic conditions.
The Company is committed to the use
of responsible farm practices – use of
biocontrols over chemical pesticides - that
protect soil nutrient quality and make it
possible to generate sustainable cane
yields, protecting the Company’s cane
access
Highlights, FY23
We crushed 51.81 LMT of canes across
units, growing by 3.20%
We introduced digital tools such as
harvesting machines, drone-spraying and
automatic irrigation to enhance cane yield
We paid all our farmers within 7-12 days of
supply
Outlook
The Company plans to introduce half a
dozen cane varieties developed by its
proprietary R&D team in FY24, validated
through extensive field trials. This will
empower farmers to plant modern varieties
and de-risk their farms from an excessive
dependence on limited cane varieties. The
Company will continue to on-board new
farmers to boost its network and find ways
to leverage digital tools to enhance cane
yield.
Value added agriculture products: Grow Green Media (GGM)
The Company developed a soil-less
growing medium known Grow Green
Media, a substrate from sugarcane
bagasse. This facilitates the growth of
crops in nurseries and containers. It
is proven that GGM possesses water
cum nutrient-holding properties and
exchange system, facilitating a gaseous
exchange and providing anchorage to
the plant root system. Peat and coir, two
major substrates with a 75% share in the
international soil-less agriculture market,
are now coming under severe regulatory
pressure. The grow media market is
estimated to grow 400% in 30 years,
as people look for viable alternatives.
Tests in various labs in EU, US and India
confirmed that EID Parry’s GGM qualifies
as an effective organic substrate across all
soilless agriculture parameters.
Our customers Awards and recognition
Our listing
Credit rating
Our talent
We are a preferred vendor to major
specialty and critical industries such
as pharma, infant food, beverages,
confectionery, etc.. We serve Oil Marketing
Companies (OMCs) across the country and
export power to electricity distribution
companies, third-party power companies
and power exchange platforms.
y Mr. S Suresh, Managing Director won the ‘Best CEO - Agriculture & Allied
Award’ at the 10th edition of the Business Today-PwC India’s Best CEO Awards,
BTMindrush 2023.
y Mr Muthu Murugappan, CEO, was featured in the Economic Times ‘40
Under Forty’ list, which spotlights Corporate India’s sharpest and brightest
future leaders.
y The only sugar brand to be conferred the ‘SuperBrand’ status in India - a
distinction it continues to hold for three consecutive years since 2021.
y The Nellikuppam unit received ‘SISSTA Best Distillery Silver Award’ in Tamil
Nadu
for FY2021-22.
y The Nellikuppam unit was awarded ‘Energy Efficient Unit’ at the 23rd National
Award for Excellence in Energy Management contest held at New Delhi.
y The Nellikuppam unit received an award in the Silver category from CII for ‘Best
commitment in practicing the EHS’.
y The Sankili unit won Gold Award for Best Technical Efficiency Sugar Plant, Gold
award for ‘Best Distillery plant’, Silver award for Best Cogen plant from South
India Sugar Cane and Sugar Technologies Association (SISSTA) and Bronze
award on EHS – Excellence Category from CII.
y The Haliyal unit was awarded second place under the category of ‘Best Cogen
Boilers’ for FY2022-23 by Director of Factories & Boilers, Karnataka.
y The Company was honoured with the ‘Most Iconic Organisation Award’ on
May 11, 2023 at Coimbatore Leadership Awards in appreciation of the best
practices followed by the Company in HR strategy, promoting future ready
business practices, best employee recognition programs to retain talented
resources, encouraging diversity and inclusion at workplace and for being a
responsible corporate citizen by implementing impactful CSR initiatives across
its manufacturing facilities.
The Company’s shares are listed on the
National Stock Exchange of India Limited
(NSE) and BSE Limited (BSE). On March 31,
2023, the Company was valued at H 8320.25
Crore on NSE.
The Company’s long-term rating was
upgraded from CRISIL AA- (Positive outlook)
to CRISIL AA (Stable outlook) in FY2022-
23 and short-term rating was maintained
at A1+ (CRISIL and CARE), reflecting the
strength of its business model, financial
stability, promoter credibility, product
quality and stakeholder relationships.
The Company comprises a talented
workforce. Over 17% of the Company’s
employees had been with the organisation
for more than 20 years as of March 31,
2023. The skillset encompasses expertise
in agriculture, manufacturing, IT, research,
finance and other areas. Total employees
were 2,230 as of March 31, 2023.
Our business verticals
Sugar: EID Parry’s sugar is sold across the
commodity markets, large institutional
customers and as branded sugar to retail
consumers. The branded sugar production
is supported by six factories that possess
a cumulative crushing capacity of 40,300
TCD.
Power: EID Parry’s six sugar factories
possess a capacity to generate 140 MW
of power. The Company’s integrated
sugar plants possess state-of-the-art
cogeneration facilities that are used to
address captive power requirements of its
plants, while the surplus power is either
sold to the state electricity grid or to private
energy players.
Distillery: EID Parry has harnessed its
ethanol and Extra Neutral Alcohol (ENA)
production capabilities to capitalise on
the emerging green energy industry. The
Company has five distilleries with a total
capacity of 417 KLPD. Currently, 165 KLPD
expansions in its Haliyal and Nellikuppam
plants are under progress.
230+
40,300
8
417
1 Lakh+
140 2 Lakh+
2,000+
Years, Industry
experience
TCD, Cane crushing
capacity
Plants
KLPD, Distillery
capacity
Farmer partners
MW, Co-generation
capacity
Acre, Command area
Employees
Our background Our presence Quality standards
Founded in 1788, EID Parry is a company
operating in the sweeteners and
nutraceutical spaces. Headquartered in
Dare House, Chennai, India, the Company
is a part of the H 547 Billion Murugappa
Group, one of India’s leading business
conglomerates. The Company holds the
distinction of having set up India’s first
sugar plant at Nellikuppam in 1842 and
now continues to pioneer new paths in
each of its businesses.
Our products are compliant with global
standards such as Bonsucro, FSSC 22000,
ISO 9001, Halal, Kosher, high quality and
customised grades of pharmaceutical sugar
conforming to Indian Pharmacopoeia
(IP), British Pharmacopoeia (BP), US
Pharmacopoeia (USP), Japanese
Pharmacopoeia (JP), European
Pharmacopoeia (EP) and SMETA (Sedex
Members Ethical Trade Audit).
