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Bambino Agro receives termination notice from Bambino Pasta Food, Seshsayi Foods

23 Sep 2016 Evaluate

Bambino Agro Industries has received termination notice from Bambino Pasta Food Industries and Seshsayi Foods cancelling the selling agency agreement with effect from September 23, 2016.

Bambino Agro Industries is primarily into the manufacture of pasta and food products such as vermicelli, macaroni etc. The company was promoted by M Kishan Rao and his business associates. Bombino is South East Asia’s largest vermicelli producer and a market leader in the Indian market. ‘Bombino has now become a Generic to ‘Vermicelli’ a barometer of a success story.

Peers
Company Name CMP
Nestle India 1384.00
Varun Beverages 416.25
Britannia Industries 4970.00
LT Foods 437.85
Hatsun Agro Product 1222.80
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