Mrs. Bectors Food
| Company type | Public |
|---|---|
| BSE: 543253 NSE: BECTORFOOD | |
| Founded | 1977 |
| Founder | Rajni Bector |
| Headquarters | Ludhiana, Punjab, India |
| Brands |
|
| Revenue |  ₹1,623 crore (US$190 million) (FY24)[1] |
| ₹140 crore (US$17 million) (FY24)[1] | |
| Subsidiaries | Mrs. Bectors English Oven Limited |
| Website | bectorfoods |
Mrs. Bectors Food Specialties Limited is an Indian multinational fast-moving consumer goods (FMCG) company.[2][3]
History
[edit]Established in 1977 by Rajni Bector and headquartered in Ludhiana, Punjab, the company manufactures and markets various types of biscuits, including cookies, creams, crackers, digestives, and glucose, under its flagship brand "Mrs Bector's Cremica".[4][5] Its products are also marketed under the brand name "English Oven".[6][7][5]
The company exports its products to 60 countries.[8] It also supplies Indian government entities such as Indian Railways and government canteens and has supply relationships with multinational fast food companies like McDonald's, Subway, and Yum! Brands.[9]
In 2006, Goldman Sachs invested in the company but sold its stake in 2010 to a private equity firm.[10] The company was listed on the National Stock Exchange of India in December 2020.[5]
Tax investigation
[edit]On October 17, 2023, the Income Tax Department searched the company's offices. Documents were seized and bank lockers and accounts searched. The company denied wrongdoing.[11][12]
References
[edit]- ^ a b "Investor Release Q4 & FY24" (PDF). bectorfoods.com. May 30, 2024. Retrieved June 17, 2024.
- ^ "Mrs Bector's Food: From Rs 300 home kitchen to Rs 1,000 crore company". The Times of India. December 18, 2020. ISSN 0971-8257. Retrieved December 18, 2023.
- ^ "BECTORFOOD Stock Report - BECTORFOOD Stock Insights, BECTORFOOD Stock Analysis and details". The Economic Times. Retrieved December 18, 2023.
- ^ Ray, Bikramjit (December 29, 2022). "Businesses that work with Cremica do better: Akshay Bector". ET Hospitality World.
- ^ a b c Jain, Surbhi (December 14, 2020). "Mrs Bectors Food IPO opens Tuesday, grey market premium surges 70%; should you subscribe?". Financial Express. Retrieved December 20, 2023. Cite error: The named reference ":0" was defined multiple times with different content (see the help page).
- ^ Kumar, Shivendra (April 20, 2023). "Momentum Pick: 95% returns in 1 year, Mrs Bectors shares poised for another 10-27% upside". The Economic Times. ISSN 0013-0389.
- ^ Bhosale, Kaustubh (July 30, 2023). "Stocks to watch: These small-cap stocks will be in focus for tomorrow!". mint.
- ^ "Meet the woman behind IPO star Mrs Bectors Food Specialities". Moneycontrol. December 18, 2020.
- ^ Jaiswar, Pooja Sitaram (November 23, 2022). "This smallcap stock hits fresh 52-week high. Should you buy more?". mint. Retrieved December 20, 2023.
- ^ Balakrishnan, Reghu (September 12, 2023). "Mrs. Bector's Food to sell its biscuit business". Business Standard.
- ^ "I-T raid on city's leading business groups ends". The Times of India. October 22, 2023. ISSN 0971-8257. Retrieved December 18, 2023.
- ^ "I-T raids continue on Trident, Bectors Food groups in Ludhiana". The Tribune. October 18, 2023. Archived from the original on October 19, 2023.