EMPIRE SPICES & FOODS LIMITED started its journey from a small shop in Nashik, Maharashtra. The quality and taste of the spice blends produced by the company became popular in a very less time. To fulfill the growing demand, a dedicated manufacturing unit was established. This was the first step towards their renowned brand of spices – Ram Bandhu Masale. They started distributing their products to other cities in Maharashtra and in 1994, a public limited company was established and named Empire Spices & Foods Limited. The company has gradually developed a wide assortment of products. The product portfolio of Empire Spices & Foods limited includes Ground spices, Blended spices, Signature products, pickles, papads, Sauces & kinds of pasta, Hing, Snacks, and gifting. At present, the company’s brand portfolio includes Ram Bandhu, Tempting, RBM, Zaiqa, and Spice One. The company’s products are available at around half a million retail shops in 8 states of India. The company also exports its products to Singapore, Germany, the USA, the UK, UAE, and many more.
CIN of Empire Spices |
U15100MH1994PLC080772 |
Registration Date of Empire Spices |
02 September 1994 |
Category/Sub-category of Empire Spices |
Company Limited by Shares |
Empire Spices Registered office address and contact details |
OFF-305, WING A, DAMJI SHAMJI SQUARE, LAXMI NAGAR, GHATKOPAR (EAST), NEAR KANARA ENGINEERING, MUMBAI – 400 075 CONTACT NUMBER: 022 - 25006007 |
Empire Spices Registrar and Transfer Agent address and contact details |
FREEDOM REGISTRY LIMITED PLOT NO. 101/102, M.I.D.C, 19TH STREET, SATPUR, NASHIK-422 007. TEL. NO. 0253-2354032 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Grinding and processing of spices |
10795 |
45.99% |
|
Manufacture of papads, papad atta, and similar food products |
10796 |
22.14% |
|
Manufacture of sauces |
10305 |
8.00% |
|
Manufacture of Pickles, chutneys, etc. |
10306 |
23.05% |
|
Trading of Goods |
46909 |
0.77% |
Mr. Hemant M. Rathi (Chairman)
Mr. Umesh L. Rathi (Managing Director)
Mr. Sharad D. Bedmutha (Director)
Mr. Anand H. Rathi (Director)
Mr. Dnyaneshwar M. Bachhav (Director)
Mr. Avinash D. Joshi (Independent Director)
Mr. Vilas V. Shinde (Independent Director)
Empire Spices and Foods Limited does not have any subsidiary or associate company.
Shareholding of Promoter.
|
Shareholder’s Name |
2020 |
2021 |
% Shareholding |
Change YoY |
|
HEMANT DKTILAL RATHI |
811070 |
511070 |
10.56% |
-36.99% |
|
UMESH LAXMINARAYAN RATHI |
558920 |
308920 |
6.38% |
-44.73% |
|
ANAND HEMANT RATHI |
398750 |
247750 |
5.12% |
-37.87% |
|
APARNA RATHI |
577955 |
677955 |
14.01% |
17.30% |
|
SHANTA LAXMIINARAYAN RATHI |
223890 |
273890 |
5.66% |
22.33% |
|
KANTA HEMANT RATHI |
553965 |
703965 |
14.54% |
27.08% |
Shareholding of Top Shareholders other than Promoters
|
Shareholder’s Name |
% Of Shareholding |
No. of shares |
|
3A Financial Service LTD |
0.36% |
17200 |
|
Sanjay Dattatraya Panse |
0.21% |
10000 |
|
Agarwal Renu Omprakash |
0.21% |
10000 |
|
Agarwal Renu Bhajanlal |
0.21% |
10000 |
|
Bhadamkar Joyti Shantanu |
0.21% |
10000 |
India is known as the home of spices. Indian spices are in very high demand at the global level because of their texture, exquisite aroma, medicinal value, and taste. India is the largest domestic market for spices in the world. India is the world’s largest producer, consumer, and exporter of spices. Out of 109 varieties of spices listed by the International organization for Standardization (ISO), around 75 are produced in India.
India’s spices market grew at a CAGR of 15% from 2015 to 2020. This growth can mainly be attributed to authentic cuisines, innovative flavors, and ethnic tastes in food and snacks. The Indian packaged and blended spices market is projected to grow at a CAGR of more than 8% in the coming years.
In FY 2020, India exported spices worth US$ 3.62 billion, witnessing a growth of 10% year on year basis. Spices exported from April 2020 to February 2021 was US$ 3.55 billion and in the month of February 2021, it was US$ 348.32 million.
