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Issue Date:11 October 2017     Price in Rs. R 6500    Price in USD. $ 100
    

Pune based Gits Food Products Pvt Ltd is a manufacturer of instant food mixes, ready-to-cook (RTC) and ready-to-eat (RTE) products. The company has extended Gits brand to dairy products like packaged milk variants and ghee (made from cow milk). The company has close to 80 different stock keeping units (SKUs) in its portfolio.

 

The business has a history of almost 50 years, having started in 1963. The limited company was incorporated in July 1994. The company has 6 directors – Mukhtar A Tejani, Sheba M Tejani, Raju H Gilani, Sahil R Gilani, Aasiya M Tejani and Samana M Tejani.

 

The company has 2 founders, A K Tejani and H Z Gilani, who are no more active. The 2nd and 3rd generations are now running the show. From the 3rd generation, Sheba, Aasiya and Samana are daughters of Mukhtar Tejani (2nd gen); and Sahil Gilani is the son of Raju Gilani (2nd gen). The Tejanis and Gilanis are also now related by marriage in the 2nd generation; Mukhtar Tejani is married to a daughter of HZ Gilani.

 

During FY16, the company reported revenues of Rs 1.67B (USD 26m) and profit after tax of Rs 90 m (USD 1.4 m).

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details

 

  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios

 

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