What does Varun Agro Processing Foods Limited do?

Varun Agro Processing Foods Limited is a food processing company based in Umrale, Dindori Taluka, Nashik, Maharashtra. The company is engaged in aseptic processing of agricultural produce — likely including fruit and vegetable pulps, purees, and juices — for both domestic sale and export markets.

Where is Varun Agro Processing Foods located?

The company is located in Umrale village, Dindori Taluka, Nashik district, Maharashtra. Dindori is an agriculturally rich taluka in the Nashik region, close to major grape, tomato, and onion growing areas.

When was Varun Agro Processing Foods incorporated?

Varun Agro Processing Foods Limited was incorporated in 2010 and is registered with the Registrar of Companies, Mumbai.

Is Varun Agro Processing Foods listed on any stock exchange?

No, Varun Agro Processing Foods Limited is an unlisted public company. Its shares are traded only in the unlisted/grey market at an indicative price of approximately ₹150 per share.

What is aseptic food processing?

Aseptic processing involves sterilising food products and packaging them in sterile conditions to create shelf-stable products without refrigeration. This method is widely used for fruit pulps, juices, dairy products, and vegetable purees destined for export and institutional buyers.

How do I buy Varun Agro Processing Foods unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Varun Agro Processing Foods?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Varun Agro Processing Foods shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Varun Agro Processing Foods Unlisted Share Price | Buy Varun Agro Processing Foods Pre-IPO Shares — wisefolio

Investment Thesis

Nashik-based tropical fruit pulp and food processing company (est. 2010) with 500 MT/day aseptic Italian processing plant. Revenue ₹153 Cr FY2024 with ~36% 3-year revenue CAGR. B2B supplier to HUL, Tasty Bite and Del Monte. Extensive quality certifications (ISO, KOSHER, BRC, Global G.A.P.). Dhatrak family promoted. Credit concern: Infomerics downgraded to IVR BB- (Negative Outlook) in February 2025 — watch for working capital stress. Unlisted. Strong operational franchise but recent rating downgrade warrants caution.

Pros

Revenue ₹153 Cr FY2024; ~36% 3-year revenue CAGR — strong growth trajectory
Marquee clients: Hindustan Unilever (HUL), Tasty Bite, Del Monte — institutional B2B validation
Italian aseptic processing plant (500 MT/day capacity) — quality infrastructure
Certifications: ISO 22000, ISO 14001, KOSHER, FSSAI, SGF, HALAL, Global G.A.P., BRC — extensive quality credentials
Nashik location — India's premier fruit processing belt (mango, grapes, tomatoes)

Cons

Infomerics downgraded to IVR BB- (Negative Outlook) in February 2025 — credit concern
Bank facilities rated ₹48.59 Cr — leveraged for revenue size
Paid-up ₹67.99 Cr vs revenue ₹153 Cr — capital-intensive model
Unlisted; no exchange price discovery

Business Segments

Tropical fruit pulps and concentrates — Alphonso mango, guava, banana, papaya, orange (aseptic; 500 MT/day capacity)

Aseptic tomato paste and tomato crush/ketchup (5 MT/day)

Frozen fruits and vegetables

Freeze-dried specialties

Condiments — red chilly sauce, vinegar

Nashik, Maharashtra (GAT No. 181, Umrale, Dindori)

Revenue Model

Revenue is generated through processing and selling aseptic food products — primarily fruit and vegetable pulps and purees — to domestic food companies, institutional buyers, and export customers. Margins depend on raw material procurement efficiency and value-added processing.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

India's PLI scheme for food processing offers financial incentives for eligible food processors to expand capacity

Growing global demand for India-origin aseptic fruit pulps and vegetable purees from European and Middle Eastern markets

Industry Tailwinds

India's PLI scheme for food processing offers financial incentives for eligible food processors to expand capacity

Recent Developments

FY2024: Revenue ₹153 Cr; ~36% 3-year revenue CAGR; 201–500 employees

February 2025: Infomerics downgraded to IVR BB- (Negative Outlook) — working capital / revenue stress possible

AGM December 30, 2024; converted to Public Limited company in 2024

Comparable Companies

CompanyTypeTickerMkt Cap

Jain Irrigation Systems LimitedListedJISLJALEQS~3,000 Cr

Tasty Bite Eatables LimitedPE: ~35xxListedTASTYBITE~1,200 Cr

Jain Irrigation Systems LimitedListed

JISLJALEQS · ~3,000 Cr

Tasty Bite Eatables LimitedListed

TASTYBITE · ~1,200 Cr

PE: ~35xx

Frequently Asked Questions

About Varun Agro Processing Foods

Varun Agro Processing Foods Limited (earlier Varun Agro Processing Foods Private Limited) is a Nashik-based food processing company incorporated on 15 December 2010 under CIN U15400MH2010PLC204230. The company is located at GAT No. 181, Capital Hill, Umrale (BK), Tal Dindori, Nashik, Maharashtra — 422301, near India's premier fruit and vegetable growing belt. The company specializes in the production and export of aseptic fruit purées, aseptic tomato paste, frozen fruits and vegetables, and freeze-dried specialties. Aseptic processing involves sterilizing products and packaging them in sterile conditions without preservatives, making them shelf-stable for extended periods — ideal for bulk food export and industrial use. Varun Agro's manufacturing facility in Nashik district has an annual processing capacity of 15,000 metric tonnes. Nashik is strategically located in India's key agricultural zone, with abundant supply of tomatoes, mangoes, grapes, pomegranates, and other fruits and vegetables. This proximity to raw material sources is a key competitive advantage. The company serves reputed clients including Hindustan Unilever Limited (HUL) and Tasty Bite Eatables Limited. Supplying to such marquee clients validates the company's product quality standards and processing capabilities. Financially, Varun Agro has shown strong revenue growth over the medium term. Annual revenue was ₹153 Crore as of March 31, 2024, with a 3-year CAGR of approximately 36% in total operating income. However, financial stress has emerged more recently. Infomerics Ratings downgraded the company's long-term bank facilities to IVR BB- (INC) with a Negative outlook in January 2024 / February 2025, citing elevated working capital utilization (92.80% of limits), agro-climatic risks affecting raw material, and tight cash flow relative to debt repayment obligations. Directors of the company include Yash Shashikant Dhatrak, Priya Jain, Manisha Shashikant Dhatrak, and Sayali Shashikant Dhatrak — reflecting a family-run management structure. The authorized share capital is ₹25 Crore with paid-up capital of ₹22.66 Crore.

Key Milestones

Common questions about unlisted shares

How do I buy Varun Agro Processing Foods unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Varun Agro Processing Foods Limited

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