Stanbik Agro Ltd Share Price

Stanbik Agro was originally incorporated as a Private Limited Company by the name of ‘Stanbik Commercial Private Limited’ on February 10, 2021. Subsequently, the name of the company was changed to ‘Stanbik Agro Private Limited’ on March 21, 2024. The company acquired a partnership firm 'Jay Chamunda Trading Company', owned by its promoters Ashokbhai Dhanajibhai Prajapati and Chirag Ashokbhai Prajapati, on March 22, 2024, under the terms of a Business Takeover Agreement. Thereafter, the company was converted into Public Limited Company under the Companies Act, 2013 and the name of the company was changed to ‘Stanbik Agro Limited’ on July 08, 2024.

It carries on the business of contract farming, wholesaling and supplying of agricultural commodities. It was founded with a clear mission: to bring the fresh fruits and vegetables directly from the farm to the table while promoting sustainable farming practices. It earned a reputation as the reliable supplier of these products. Its experience, expertise, and commitment to its core values of freshness and quality have led to consistency & customer satisfaction. Historically, its operations included trading in pulses and cereals under the management of the previous promoters. After the induction of the current promoters, who have expertise in trading of fruits and vegetables, it has shifted its focus to these segments. This strategic change allows it to concentrate on higher-margin products and leverage the promoters’ experience in production and distribution.

The company finalizes contract farming agreements only after ensuring key conditions are favourable, such as assessment of the land’s past yield, availability of adequate water resources, presence of proper boundaries or demarcation, verification of soil quality suitable for cultivation, and securing rights for production and sale of the produce. Under the contract farming arrangement, it takes the land on lease from the farmer and undertakes all cultivation and production activities. All risks and rewards associated with the agricultural operations and output belong entirely to the company. It undertakes year-round cultivation, and in case of loss due to rain or natural calamities, such loss is borne by the company, though no such instance has occurred in the past. It has exclusive rights to use the leased land, and the agreement is renewed annually based on mutual consent and prevailing conditions.

Business area of the company

The company is engaged in the business of contract farming, wholesaling and supplying of agricultural commodities. It was founded with a clear mission: to bring the fresh fruits and vegetables directly from the farm to the table while promoting sustainable farming practices.

Business verticals of the company

• Contract Farming: It has entered into arrangements with certain farmers to undertake contract farming.
• Modern Retailing: It concentrates on using modern retail channels to deliver fresh fruits and vegetables straight to customers in its modern retailing sector.
• B2B Business: Its B2B business segment caters to wholesalers, traders, and other businesses that require bulk quantities of agriculture commodities.

History and milestone

• 2021: The company incorporated as a Private Limited Company in the name of ‘Stanbik Commercial Private Limited’
• 2024: The name of the company Change from ‘Stanbik Commercial Private Limited’ to ‘Stanbik Agro Private Limited’. 
• 2024: the company has acquired the partnership firm 'Jay Chamunda Trading Company,' owned by its promoters Ashokbhai Dhanajibhai Prajapati and Chirag Ashokbhai Prajapati, under the terms of a Business Transfer Agreement 
• 2024: the company converted from Private Limited Company to Public Limited Company i.e., ‘Stanbik Agro Limited’