Past performance
About Chordia Food Products Ltd Chordia Food Products Ltd, established in 1982, is a prominent player in the processed foods industry with a focus on pickles, spices, ketchups, and snacks under well-known brands like Pravin, Navin, and Maharani. The company has strategically expanded its manufacturing footprint in Maharashtra and Chennai, and developed a robust distribution network across Maharashtra, Gujarat, Goa, Karnataka, Andhra Pradesh, and Rajasthan. A significant restructuring occurred in 2022, with the demerger of its Food Division into Aveer Foods Limited, transferring all related assets and liabilities. Chordia's historical growth involved strategic public offerings and rights issues to fund expansions, and ventures like a windmill project in Satara to bolster sustainability. Their products are not only popular domestically but also have a foothold in international markets, particularly the agro-foods and spice paste segments. The company's strategic moves aim to enhance profitability by consolidating operations and cutting overheads.
Performance overview