Karnimata Cold Storage Limited, established in April 2011 and public since December 2012, specializes in cold storage services for potatoes. Starting commercial operations in March 2012, the company initially invested approximately Rs. 8.75 crore, largely funded by a Rs. 6 crore term loan, with the remainder from promoters. In the 2013-14 fiscal year, Karnimata expanded its storage capacity by 7,500 M.T. and raised Rs. 303.6 lakhs through an IPO, listing on the SME Platform of BSE Limited in March 2014.
The company's revenue is closely linked to the potato farming sector, particularly in Paschim Medinipur, West Bengal, a key potato cultivation region. However, the business faces risks such as crop failure, price fluctuations, and technical disruptions in essential infrastructure. Additionally, the rental charges for storage are regulated by the West Bengal State Government, influencing revenue potential.
