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Betul Oil was incorporated as “Betul Oils and Flours Private Limited” on February 3, 1981 as a private limited company under the Companies Act, 1956. On April 1, 1990, by virtue of section 43A of the Companies Act, the company was converted into a public company and the name was...

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Betul Oil was incorporated as “Betul Oils and Flours Private Limited” on February 3, 1981 as a private limited company under the Companies Act, 1956. On April 1, 1990, by virtue of section 43A of the Companies Act, the company was converted into a public company and the name was changed to “Betul Oils and Flours Limited”. On November 20, 2003, the company was reconverted into a private company and the name was changed to “Betul Oils and Flours

Betul Oil was incorporated as “Betul Oils and Flours Private Limited” on February 3, 1981 as a private limited company under the Companies Act, 1956. On April 1, 1990, by virtue of section 43A of the Companies Act, the company was converted into a public company and the name was changed to “Betul Oils and Flours Limited”. On November 20, 2003, the company was reconverted into a private company and the name was changed to “Betul Oils and Flours Private Limited”. The company was converted into a public company and the name of the company was changed to “Betul Oils and Flours Limited” pursuant to a fresh certificate of incorporation consequent to change of name dated February 28, 2006 issued by the RoC, Madhya Pradesh and Chhattisgarh at Gwalior. The name of the company was changed to “Betul Oil Limited” pursuant to a fresh certificate of incorporation consequent to change of name dated June 9, 2010 issued by the RoC, Madhya Pradesh and Chhattisgarh at Gwalior. The name was changed to accentuate the company’s focus on edible oil extraction business.

The company is engaged in the business of solvent extraction, refining of edible oils, manufacture and trading of de-oiled cakes, animal feeds, specialty ingredients and development of hybrid seeds. As part of its solvent extraction business, its extract oils from seeds such as soyabean seeds, sunflower, safflower, maize germ, sal seed, mango seed, cotton seed and mahua seed which are refined further into edible oils. The company also procures crude oil from third parties and retail refined edible oil. The residue left after extraction of oil from seeds is referred to as “de-oiled cakes” or “meal”, which is the vital ingredient in manufacture of animal feeds. While it market de-oiled cakes directly, it also supply processed animal feed as part of forward integration of its operations. It also manufactures specialty ingredient products such as soya lecithin, mango oil, sal oil and stearine, which are also processed extracts of seeds. The company develops high-yield hybrid certified seeds for soybean and other crops at its seed development division at Betul. Such certified seeds are used by farmers to develop soya bean crops which are utilized in oil extraction subsequently.

The company has backward integrated its business by setting up a private mandi and a warehouse at Betul, Madhya Pradesh to provide a transparent market platform to procure raw material, provide storage and warehousing facilities to farmers. It also intend to set-up two additional mandis, one each at Satna, Madhya Pradesh and Solapur, Maharashtra. The company believes that mandis provide access to raw materials in a systematic manner and allows it to build long term relationship with the farmers. It lease out its warehouse to farmers which indirectly facilitates assured source of raw material supply during non-peak seasons.

The company sets up its first solvent extraction unit at Betul, Madhya Pradesh in 1981 with a total solvent extraction capacity of 30,000 TPA (100 TPD) and over the years has set up two additional units at Satna, Madhya Pradesh and Solapur, Maharashtra.

The company has a pan-India presence and markets its products across seventeen states in India. The company’s edible oil distribution network comprises of seventeen dealers and two depots through which it access more than 5,000 retailers across India. The company markets edible oil primarily under its brands “Saras” and “Siddha Gold”. It believes it is one of the largest suppliers of soybean meal to the domestic animal feed industry catering to more than 850 poultry farms directly. The company’s cattle feed distribution network comprises of sixty one distributors across Maharashtra and Karnataka.

It also exports soybean meal, directly and indirectly, to Far East Asian countries such as Indonesia, Malaysia, Thailand, Vietnam, Korea, Japan and China and to countries which are members of the SAARC organization. It also exports, directly and indirectly, soya lecithin, mango oil, sal oil and stearine predominantly to the European Union and Japan. The company also operates two wind energy power generation units with an installed capacity of 1.25 MW each at Dhule, Maharashtra and Dewas, Madhya Pradesh. It supply electricity to the Maharashtra State Electricity Distribution Company Limited from the Dhule unit and it utilize the power generated at the Dewas unit for captive consumption.

Subsidiary of the company

Betul Oils and Feeds Private: Betul Oils and Feeds Private (BOFPL) was incorporated on January 12, 2006 under the Companies Act. It is engaged in the business of dealing in all kinds of feeds for animals, birds and poultries. BOFPL become the subsidiary of the company on June 1, 2010.

Milestones

  • 1981- Setup of Betul Unit with solvent extraction capacity of 30,000 MT per annum capacity and oil refinery capacity of 7500 MT per annum.
  • 1993- Expansion of capacity of the Betul Unit to solvent extraction of 90,000 MT per annum and oil refinery of 15,000 MT per annum.
  • 1995- Takeover of the Company by its Promoters
  • 2005- Launch of Saras and Siddha Gold in consumer pack
  • 2005- Setup of 1.25 MW wind farm at Dhule, Maharashtra
  • 2005- Launch of cattle-feed under the brand name of Poushtik Feeds
  • 2005- Acquired a solvent extraction plant at Solapur with a capacity of 97,500 TPA (325 TPD) and cattle feed plant with capacity of 12,600 TPA (42 TPD) from the Asset Reconstruction Company (India) Limited
  • 2006- Setup of 1.25MW captive power wind farm at Dewas, Madhya Pradesh
  • 2006- Manufacture of Non-Gmo Soya lecithin
  • 2006-07- Achievement of export turnover of de-oiled cake of Rs 1,000 millions
  • 2007- CERT ID certification for manufacture of non-gmo soya lecithin
  • 2008-09- Achievement of turnover of Rs 5,000 millions
  • 2010- Setup Satna Unit with a solvent extraction capacity of 180,000 TPA (600 TPD), refining capacity of 30,000 TPA (100 TPD) and soya lecithin manufacturing capacity of 2,010 TPA (7 TPD)

Awards and certification

  • 2000- Bhartiya Udyog Ratan Award by Indian Economic Development & Research Association
  • 2002- 3rd Highest Capacity Utilisation Award by the Soybean Processors Association of India for the year 2000-2001
  • 2003- Highest Capacity Utilization Award by the Soybean Processors Association of India) for the year 2002-2003
  • 2004- Highest Capacity Utilization Award by the Soybean Processors Association of India) for the year 2003-2004
  • 2005- Highest Capacity Utilization Award by the Soybean Processors Association of India for the year 2004-2005
  • 2007- Business award for being among the top three companies in fast moving consumer goods industry, food and agri-business category of CNBC TV-18’s emerging India awards 2007 rated by CRISIL and given by Honourable Prime Minister Dr. Manmohan Singh.
  • 2008- Award of ISO 9001:2000 certification by Bureau Veritas Certification (India) Private Limited for manufacture and sale of vegetable oils and de-oiled cake for Betul Unit
  • 2009- Award of ISO Certification 9001:2000 certification by BM Trada Certification Limited for manufacture of vegetable oils and de-oiled cake for Solapur Unit
  • 2010- Award of the ‘Indian Achievers Award for Industrial Excellence’ by Indian Economic Development and Research Association
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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