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About Vandan Foods Ltd Vandan Foods Limited, originally incorporated as a private limited company on December 15, 2015, in Gujarat, transitioned to a public limited company on September 18, 2023. Initially founded by Mr. Vandan Dave and Mrs. Smruti Dave, the company underwent significant changes in ownership during FY 2023 and FY 2024 when equity shares were acquired by Mr. Kalpeshkumar Bhagavandas Thakkar and the Patel family group. This shift marked a strategic evolution in the company's operations.
Before FY 2018, Vandan Foods operated in the catering sector but pivoted to the agro commodity trading business until FY 2023. Since FY 2024, under its new promoters, the company shifted focus to manufacturing castor oil and its derivatives, including Refined F.S.G. Castor Oil and Castor De Oil Cake. Operating on a B2B model, the company now serves business clients by supplying these industrial products, which are widely used in diverse applications such as lubricants, cosmetics, and pharmaceuticals.
Vandan Foods is currently planning a public issue of up to 26,50,000 fresh equity shares, aiming to raise funds for further business expansion. Its transformation from catering to agro-trading and eventually to castor oil manufacturing underscores its adaptability and focus on capturing opportunities in niche markets. Potential traders and investors may find its focus on castor oil—a resilient industry with stable global demand—an attractive feature for evaluating the company’s future growth prospects.