Leading SMEs of India 2023

36 | Leading SMEs of India 2023 [ PROFILE OF 2023 AWARD WINNERS - SME ] www. magmafoods.co.in Sector Category Management Details Food & Agro Processing SME Pawan Agarwal Director & CEO Magma Foods Private Limited About the Company: Established in 2012, company is engaged in manufacturingof several varietiesof tamarindrecipesandotherprocessed items. The products of the company are sold under “TAMICON” brand. Company manufactures different types of tamarind concentrate, paste, dip, syrup, slab, chutney as well different varieties of pickles. Business Operations: Company has manufacturing facility in Jaipur, Odisha. Company’s products are exported to US, UK, Middle East, and EU countries. Exports contributes ~52% to revenue for FY22. Magma foods is an ISO 22000: 2005 certified company. Business Highlights The company has shown a consistent growth in revenue during FY20-22. The revenue from operations grew by ~25% in FY22 driven by strong demand for its product in domestic market. Company has balance split of revenue between domestic and exports Dun & Bradstreet D-U-N-S® No 87-364-1917 www.saideepa.com Sector Category Management Details Ferrous & Non-Ferrous SME Ranga Rao Nuthakki Chairman & MD Sai Deepa Rock Drills Private Limited About the Company: Established in 2001, company is engaged in manufacturing of rock drilling tools. The products include down the hole hammers, bits, and related products used in water well drilling, mining, tunneling, quarrying and construction industries. Business Operations: Headquartered at Hyderabad, company has manufacturing plant at Dandumalkapur and Cherlapally. Sai Deepa has an international presence in France, Brazil, Nigeria, US, Zambia, and South Africa. Exports contributes ~42% of the revenue for FY22. Business Highlights Company’s revenue increased by 29% in FY22 driven by improved demand. Sai Deepa is an established company in rock drilling industry Company has balance split of revenue between domestic and exports Dun & Bradstreet D-U-N-S® No 92-382-2030 www.allurewraps.com Sector Category Management Details Leather, Wood & Paper SME M J Raisinghani Managing Director Allure Gift Wraps Private Limited About the Company: Established in 2010, company is engaged in manufacturing of paper and allied products. The products include packaging and wrapping paper, decorative paper, gift wrapping printed paper and decorative film. Business Operations: Company has a manufacturing plant at Vapi, Gujarat and caters primarily to international customers. In FY22, company derived more than 95% of its revenue from exports. 100% of the exports are targeted to US market. The company has tie-up with major customers in US. Business Highlights The revenue from operations has shown robust growth of 55% in FY21 and 64% in FY22 In-line with revenue growth, the net profit of the company grew by 70% in FY22 Dun & Bradstreet D-U-N-S® No 87-278-1954 Dun & Bradstreet