Leading Mid-Corporates of India 2023

54 | Leading Mid-Corporates of India 2023 [ PROFILE OF 2023 AWARD WINNERS - MID-CORPORATES ] www.shriramfood.com Sector Category Management Details Food & Agro Processing Mid-Corporate Anup Goyal CEO Shriram Food Industry Limited About the Company: Established in 2014, company processes and supplies variety of rice. The range includes parboiled, long grain parboiled, white, steam, steam basmati, kolam, BPT and other variety of rice. The company is part of Greta group which has presence in food processing, minerals & scrap metal trading. Business Operations: Company is headquartered and has a processing facility in Nagpur. Company exports to China, Africa, and Middle East. Exports grew by 84% and contributed ~90% to revenue for FY22. Company is GACC approved as well as approved for exports to USA. Business Highlights The revenue of company has shown multi-fold growth during FY20-22 period Strong growth in exports during FY20- 22 period Dun & Bradstreet D-U-N-S® No 87-363-0786 www.fosecoindia.com Sector Category Management Details Ferrous & Non-Ferrous Mid-Corporate Prasad Chavare MD and CEO Foseco India Limited About the Company: Foseco India Ltd established in 1958, is a leading provider of foundry consumables and solutions for ferrous and non- ferrous industries. The company caters to various end-markets ranging from automotive, general engineering, valves, power, railways, etc. Business Operations: Company has a two-manufacturing plants at Pune and Puducherry. Exports contributes 6.5% to revenue for 2022. The company has adopted an integrated sustainability strategy that focuses on achieving balanced approach towards sustainable development. Business Highlights Company’s revenue increased by ~33% while net profit grew by ~111% in 2022 The company also made steady progress in strengthening balance sheet with healthy cash accruals with comfortable debt to equity and current ratio Dun & Bradstreet D-U-N-S® No 91-666-3065 www.ushayarns.com Sector Category Management Details Textiles & Textile Products Mid-Corporate Anurag Gupta Managing Director Usha Yarns Limited About the Company: Established in 1995, Usha Yarns Ltd. is a textile manufacturing company that specializes in the production of high-quality recycled yarns. Usha Yarns serves various sectors including apparel, home textiles, technical textiles, and more. Business Operations: Headquartered in Chandigarh, company operates five manufacturing plants across Punjab, Haryana, and Himachal Pradesh. In FY22, company derived~91%of its revenue from the domestic market and balance from international markets. Key export regions of the company include South Africa, North America, and Asian countries. Business Highlights Company’s topline increased by ~77% while bottom-line grew by ~215% during FY22 Company is committed to sustainability and produces 100% recycled content Dun & Bradstreet D-U-N-S® No 72-529-9486 Dun & Bradstreet