Chhajed Foods Pvt. Ltd.
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Chhajed Foods Pvt. Ltd. - overview
Established
1979
Location
Ahmedabad, Gujarat, India
Primary Industry
Food
About
Chhajed Foods Pvt. Ltd. specializes in manufacturing premium quality Ready-To-Fry snack pellets and Ready-To-Boil pastas, catering to evolving consumer preferences in the snack and pasta markets. Chhajed Foods Pvt.
Ltd. manufactures and supplies diverse snack and pasta products. Founded in 1979 in Ahmedabad, India, the company underwent a significant funding round in June 2017, raising INR 272. 23 million from GVFL, which contributed to its overall valuation of INR 1,364.
70 million. The company is led by CEO Rajesh Chhajed, whose prior entrepreneurial ventures are not documented. Currently, there is no information about subsidiaries or parent entities related to the business. Chhajed Foods Private Limited specializes in the manufacture and supply of premium quality Ready-To-Fry snack pellets and Ready-To-Boil pastas.
The company operates under the established brands PUMPUM and FRYLO, recognized for their diverse offerings in shapes, sizes, and textures tailored to meet consumer preferences. These products primarily serve the snack and pasta markets, addressing the growing demand for convenient and innovative food solutions. Chhajed Foods has strategically positioned its products in international markets, including the US, UK, UAE, Australia, and various African countries, catering to wholesalers, retailers, and direct consumers who seek high-quality and versatile snack options. Chhajed Foods generated revenue of INR 5,428,566.
30 in 2023. The company reported an EBITDA of INR -1,260,032. 40 for the same year. Revenue is primarily derived from B2B and direct-to-consumer sales through wholesale partnerships, focusing on bulk orders for its flagship products, thereby ensuring efficient distribution and streamlined supply chain management.
Chhajed Foods Pvt. Ltd. aims to enhance its product line by developing new offerings in the coming years, although specific release dates have not been disclosed. The company plans to expand its market presence significantly in regions including North America and Europe, targeting completion of this by 2025.
The funding raised in June 2017 will support these initiatives, allowing for improvements in product development and market penetration strategies.
Current Investors
GVFL
Primary Industry
Food
Sub Industries
Snack Foods
Website
www.chhajedfoods.in
Company Stage
Early Stage
Total Amount Raised
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Chhajed Foods Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 124,813,623 | 310,024,392 | 519,572,357 | 540,516,705 | 511,276,680 | 475,282,154 | 503,412,584 | 566,589,556 | 517,940,329 | - | - | - |
| % Revenue Growth (YoY) | - | 148.4% | 67.6% | 4.0% | (5.4%) | (7.0%) | 5.9% | 12.5% | (8.6%) | - | - | - |
| EBITDA (USD) | 17,557,608 | 81,110,255.1 | 108,819,030 | 98,984,610 | 34,310,380 | (12,951,354) | (12,293,041) | 19,228,353 | 72,769,306 | - | - | - |
| Operating Income (USD) | 8,098,608 | 50,567,255.1 | 71,911,030 | 64,809,610 | (2,745,620) | (61,654,984) | (53,689,998) | (21,140,784) | 33,692,714 | - | - | - |
| Operating Margin | 6.5% | 16.3% | 13.8% | 12.0% | (0.5%) | (13.0%) | (10.7%) | (3.7%) | 6.5% | - | - | - |
| % EBITDA Margin | 14.1% | 26.2% | 20.9% | 18.3% | 6.7% | (2.7%) | (2.4%) | 3.4% | 14.0% | - | - | - |
| NET Income (USD) | 2,204,551 | 18,527,285 | 29,133,831 | 30,879,250 | (20,505,496) | (77,858,036) | (76,278,667) | (43,080,903) | 5,696,853 | - | - | - |
| % Net Margin | 1.8% | 6.0% | 5.6% | 5.7% | (4.0%) | (16.4%) | (15.2%) | (7.6%) | 1.1% | - | - | - |
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