Original Company M/s. Shree Proteins & Foods Ltd. was incorporated on
22nd November, 1971 as Public Limited Company obtained the
Certificate for Commencement of business on 20th April, 1972 and was
listed with Bombay Stock Exchange. The Company management was changed
in the year 1986-87. The Company's name was changed from Shree
Proteins & Foods Ltd., to M/s. Narmada AGro Industries Ltd., and
fresh certificate of incorporation consequent to change in name was
issued on 23.1.1986. The Company started commercial activity with
the new management during 1987 and had been making profit for the
year 1988-89 onwards. The Company had declared dividend for the year
ended 31.3.90 and 31.3.91 at 10% & 15% respectively subject to
approval from the Financial Institution & Banks in terms of Loan
Agreement and sanction is expected soon.
The original capacity of solvent extraction plant was only 20,000
tonnes per annum which was subsequently expanded to 45,000 tonnes per
annum and vegetable oil refining plant with capacity of 7,500 tonnes
per annum was installed.
The immediate object of the Company is to enhance the capacity of
solvent extraction plant from 45,000 TPA to 60,000 TPA and refined
oil from 7,500 TPA to 15,000 TPA respectively at the existing plant
at Bholav West, Bharuch in the State of Gujarat.
The original company M/s. Shree Proteins and Foods Ltd., was promoted
by Shri B M Badheka and Shri K M Badheka and Shri M M Badheka. Mr. B M
Badheka was the Managing Director and Mr. K M Badheka was the Working
Director in the said Company. Both the directors have expired
subsequently. The Management of the Company was taken over by TROIKA
GROUP headed by Shri P G Bhandari. The TROIKA GROUP comprises of
i) Troika Processes Pvt.Ltd
ii) Troika Technical Services
M/s. Troika Processes Pvt.Ltd., was incorporated in the year 1973
headed by Mr. P G Bhandari, Chairman and assisted by Mr. R S Jhaveri,
Mr. O P Agarwal and Mr. R K Chopra as Directors of the Company. The
company is engaged in the manufacturing and supply of plants to
vegetable oil industry and have supplied plants to reputed companies
like M P Rajya Tihan Utpadak Sahakari Sangh Maryadit, M/s. Bhopal
Sugar Industries Ltd., M/s. Alpine Solvex Ltd., M/s. Vegepro Foods
Ltd., M/s Premier Extraction Ltd.
M/s. Troika Technical Services is a partnership firm with M/s P G
Bhandari, R K Chopra, O P Agarwal and R S Jhaveri as partners in the
firm. This firm is engaged in the export of plant and machinery
related to vegetable oil industry and had exported to various
countries like Kenya, Nigeria, Bangladesh and Nepal.
-Company has changed its name from Narmada Agro Industries Ltd. to
Ratnamani Agro lndustries Ltd.