Mrs. Bectors Food Explained

Mrs. Bectors Food Specialties Limited
Type:Public
Traded As:
Founded:1977
Founder:Rajni Bector
Hq Location:Ludhiana, Punjab, India
Revenue: (FY24)
Profit: (FY24)[1]
Subsid:Mrs. Bectors English Oven Limited

Mrs. Bectors Food Specialties Limited is an Indian multinational fast-moving consumer goods (FMCG) company.[2] [3]

History

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] [8]

The company exports its products to 60 countries.[9] 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.[10]

In 2006 Goldman Sachs invested in the company, but sold its stake in 2010 to a private equity firm.[11] The company listed on the National Stock Exchange of India in December 2020.[12]

Tax investigation

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.[13] [14]

References

  1. News: Investor Release Q4 & FY24 . 17 June 2024 . bectorfoods.com . 30 May 2024.
  2. News: 2020-12-18 . Mrs Bector's Food: From Rs 300 home kitchen to Rs 1,000 crore company . The Times of India . 2023-12-18 . 0971-8257.
  3. Web site: BECTORFOOD Stock Report - BECTORFOOD Stock Insights, BECTORFOOD Stock Analysis and details . 2023-12-18 . The Economic Times.
  4. Web site: www.ETHospitalityWorld.com . Businesses that work with Cremica do better: Akshay Bector - ET HospitalityWorld . ETHospitalityWorld.com . en.
  5. Web site: 2020-12-14 . Mrs Bectors Food IPO opens Tuesday, grey market premium surges 70%; should you subscribe? . 2023-12-20 . Financialexpress . en.
  6. News: Kumar . Shivendra . 2023-04-20 . Momentum Pick: 95% returns in 1 year, Mrs Bectors shares poised for another 10-27% upside . The Economic Times . 0013-0389.
  7. Web site: Bhosale . Kaustubh . 2023-07-30 . Stocks to watch: These small-cap stocks will be in focus for tomorrow! . mint . en.
  8. Web site: 2020-12-14 . Mrs Bectors Food IPO opens Tuesday, grey market premium surges 70%; should you subscribe? . 2023-12-20 . Financialexpress . en.
  9. Web site: 2020-12-18 . Meet the woman behind IPO star Mrs Bectors Food Specialities . Moneycontrol . en.
  10. Web site: Jaiswar . Pooja Sitaram . 2022-11-23 . This smallcap stock hits fresh 52-week high. Should you buy more? . 2023-12-20 . mint . en.
  11. News: Balakrishnan . Reghu . 2023-09-12 . Mrs. Bector's Food to sell its biscuit business . Business Standard .
  12. Web site: 2020-12-14 . Mrs Bectors Food IPO opens Tuesday, grey market premium surges 70%; should you subscribe? . 2023-12-20 . Financialexpress . en.
  13. News: 2023-10-22 . I-T raid on city's leading business groups ends . The Times of India . 2023-12-18 . 0971-8257.
  14. News: October 18, 2023 . I-T raids continue on Trident, Bectors Food groups in Ludhiana . The Tribune .

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