Nakoda Group of Industries Limited SME IPO

Incorporated in the year 2013, Nagpur, Maharastra based Nakoda Group of Industries Limited is engaged in manufacturing of Tutti Frutti, also called as ―Papaya Preserve and canned fruit cubes, which come under the category of bakery products. The company is also engaged in the processing of almonds and trading sesame seeds, clove, cut peel murabba, karonda, daalchini and toor daal.

As on March 2017, the company's revenue from almond processing consists of 45.93%, manufacturing of Tutti Frutti consists of 23.92% and revenue from trading consist of 30.14%. Out of the total revenue generated from manufacturing of Tutti Frutti i.e. 553.58 lakhs, 61.36% is generated from exports to London, Malaysia, Dubai, Saudi Arab and 38.64% is from the domestic sale.

On 18 July 2016, Nakoda Group of Industries Limited took over the running business of M/s. Navkar Processors, the sole proprietorship concern of promoter Pravin Choudhary and subsequently the business of this proprietorship concern was merged into the Company. The manufacturing units of the company are located in Nagpur.