Aveer Foods Ltd, established in April 2019, specializes in manufacturing and selling processed foods, particularly excelling in the pickle product category. The company has demonstrated significant growth in the Thecha and Papad product categories. In FY 2022-2023, Aveer Foods introduced new products, including "Thecha" and "Schezwan chutney," expanding its product line.
A noteworthy development occurred in FY 2022-23 when Aveer Foods underwent a demerger from Chordia Food Products Limited (CFPL), becoming an independent entity from July 20, 2022. This demerger resulted in CFPL shareholders receiving equal equity shares in Aveer Foods, leading to the listing of 40,28,252 equity shares on the BSE Ltd on October 6, 2022. This strategic move positions Aveer Foods as a standalone company in the processed foods market, offering potential growth opportunities for investors.
