Chatha Foods Private Limited
Chatha Foods Private Limited is a leading food processor in India. Focusing on frozen foods.
About Company
Chatha Foods Private Limited: A Culinary Journey from Farm to Fork
In the heart of India's vibrant food industry, Chatha Foods Private Limited stands out as a beacon of quality and innovation. Founded in 1999, this company has carved a niche for itself as a leading processor of frozen foods, catering to the ever-growing demands of Quick Serving Restaurants (QSRs), Casual Dining Restaurants (CDRs), and the Hotel-Restaurant-Catering (HoReCa) segment. With a commitment to excellence, Chatha Foods has become synonymous with the finest processed meat products in the country.
The Journey Begins
The story of Chatha Foods began with a vision to revolutionize the processed meat industry in India. The founders, armed with a passion for quality and a deep understanding of the culinary arts, set up a state-of-the-art plant equipped with cutting-edge German technology. This facility, capable of producing 500 tonnes of product per month, is a testament to the company's dedication to scale and precision.
Quality at Its Core
At Chatha Foods, quality is not just a buzzword; it's a philosophy that permeates every aspect of their operations. The raw meat sourced for their products comes only from approved suppliers, ensuring that every bite meets the highest standards of taste and safety. The company's manufacturing facilities and systems proudly bear the BRC Certification, a mark of their unwavering commitment to global best practices.
A Taste of Innovation
Innovation is the lifeblood of Chatha Foods. The company continually explores new frontiers in the culinary space, developing appetizing products that cater to diverse palates. From chicken appetizers to sausages, patties, sliced meats, and more, their range is a celebration of flavors that resonate with food lovers across the nation.
Recognition and Reach
Chatha Foods' excellence has not gone unnoticed. Their successful associations with leading international and national QSRs have earned them accolades and nominations, such as the 'Best Supplier of the Year (Pan Asia)' award by Subway in 2018. The company's reach extends beyond the borders of India, making them a global player in the processed meat industry.
A Future of Flavor
As Chatha Foods embarks on its next chapter, the company looks forward to expanding its horizons and continuing to serve its customers with the same zeal and zest that it started with. With plans to go public, as indicated by their recent IPO announcement, Chatha Foods is poised for growth and ready to take on new challenges in the dynamic food sector.
Chatha Foods Private Limited is more than just a company; it's a journey of taste, quality, and innovation that has only just begun. As they continue to serve up delectable delights, one thing is certain: the future is flavorful with Chatha Foods.
For more information on their products, story, and journey, visit their official website.
Company Financials
IPO Timeline (Tentative Timetable)
IPO Open Date
The IPO officially opened on March 19, 2024. The price band was set at ₹53 to ₹56 per share.
Basis of Allotment
The basis of allotment will be finalized on March 26, 2024.
Listing Date and Market Debut
Chatha Foods will make its market debut on March 27, 2024, with its shares listed on the BSE SME platform. The company's shares will be credited to investors' Demat accounts on the same day, allowing them to participate in the trading activities.
IPO Details
Competitive Strength
Chatha Foods Private Limited, established in 1997, has carved a niche for itself in the Indian frozen food industry. As a company that specializes in supplying top Quick Service Restaurants (QSRs), Casual Dining Restaurants (CDRs), and other players in the Hotel-Restaurant-Catering (HoReCa) sector, Chatha Foods has demonstrated a robust competitive edge that warrants a closer look.
Innovative Product Range
The company's diverse product portfolio, which includes pizza toppings, sandwich fillings, burger patties, snacks, and a variety of Indian snacks like kebabs, tikkas, and samosas, positions it well to cater to a broad spectrum of culinary preferences and dietary requirements. The introduction of plant-based sausages, salami, pepperoni, nuggets, and burger patties reflects Chatha Foods' commitment to innovation and its ability to adapt to the evolving market trends towards plant-based diets.
Strategic Supply Chain Management
Chatha Foods' strength lies in its strong supply chain and input sourcing capabilities, which ensure a consistent and reliable supply of high-quality ingredients for QSR, CDR, and other outdoor dining options in India. This is complemented by the company's in-house manufacturing plant layout and designing capability, adhering to the Global Food Safety Initiative (GFSI) approved standards, which underscores its commitment to quality and safety.
Financial Growth and Market Presence
Financially, Chatha Foods has shown promising growth with an increase in total assets, net worth, and total revenue. The profit after tax has also seen an upward trend, indicating a healthy financial status that can support future expansions and investments. The company's distribution network, spanning 29 distributors across 32 cities in India, servicing 126 mid-segment and standalone small QSR brands, speaks volumes about its market presence and penetration.
Experienced Leadership
Behind Chatha Foods' success is a team of experienced promoters and management who bring a wealth of knowledge and expertise to the table. Their leadership has been instrumental in steering the company towards its current stature and will continue to be a pivotal factor in its future endeavors.
Customer Trust and Brand Reputation
Having customers of global repute is a testament to Chatha Foods' quality and service standards. The trust and loyalty of these customers reflect the company's ability to meet and exceed expectations, thereby solidifying its position in the market.
Future Prospects
Looking ahead, Chatha Foods is poised for further growth with plans to establish a new manufacturing unit and expand its vegetarian product offerings. The company's focus on differentiated products and international expansion indicates a strategic approach to scaling its operations while improving margins in its existing business.
In conclusion, Chatha Foods Private Limited's competitive strengths are multifaceted, encompassing product innovation, supply chain efficiency, financial robustness, experienced leadership, customer trust, and strategic future planning. These attributes collectively form the bedrock of the company's success and will likely propel it to new heights in the coming years.
For a more detailed analysis of Chatha Foods Private Limited's IPO and financials, interested readers can refer to the comprehensive reviews available online.
Company's Past Financial Performance
Chatha Foods Private Limited has shown a positive trend in its financial performance over the past three years. Here’s a brief overview of their revenue and profit:
The increase in profit after tax (PAT) by 264.66% between FY 2022 and FY 2023 indicates a strong upward momentum in profitability. Additionally, the company’s recent IPO suggests confidence in its ongoing growth and financial health.