Mrs. Bectors Food
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| Company type | Public |
|---|---|
| BSE: 543253 NSE: BECTORFOOD | |
| Founded | 1977 |
| Founder | Rajni Bector |
| Headquarters | Ludhiana, Punjab, India |
| Brands |
|
| Revenue |  ₹1,374 crore (US$170 million) (FY23)[1] |
| ₹90 crore (US$11 million) (FY23)[1] | |
| Subsidiaries | Mrs. Bectors English Oven Limited |
| Website | bectorfoods |
Mrs. Bectors Food Specialties Limited is an Indian multinational fast-moving consumer goods (FMCG) company.[2][3]
History[edit]
Established in 1977 by Rajni Bector and headquartered in Ludhiana, Punjab, the company manufactures and markets various types of biscuits, including cookies, creams, crackers, digestives, and glucose, under its flagship brand "Mrs. Bector's Cremica".[4][5] Its products are also marketed under the brand name "English Oven".[6][7][5]
The company exports its products to 60 countries.[8] It also supplies Indian government entities such as Indian Railways and government canteens, and has supply relationships with multinational fast food companies like McDonald's, Subway and Yum Brands.[9]
In 2006 Goldman Sachs invested in the company, but sold its stake in 2010 to a private equity firm.[10] The company listed on the National Stock Exchange of India in December 2020.[5]
Tax investigation[edit]
On October 17, 2023, the Income Tax Department searched the company's offices. Documents were seized and bank lockers and accounts searched. The company denied wrongdoing.[11][12]
References[edit]
- ^ a b "Mrs. Bectors Food Specialities Ltd Q4 FY2023 consolidated net profit at Rs. 27.65 crores". EquityBulls. 26 May 2023. Retrieved 21 March 2024.
- ^ "Mrs Bector's Food: From Rs 300 home kitchen to Rs 1,000 crore company". The Times of India. 2020-12-18. ISSN 0971-8257. Retrieved 2023-12-18.
- ^ "BECTORFOOD Stock Report - BECTORFOOD Stock Insights, BECTORFOOD Stock Analysis and details". The Economic Times. Retrieved 2023-12-18.
- ^ www.ETHospitalityWorld.com. "Businesses that work with Cremica do better: Akshay Bector - ET HospitalityWorld". ETHospitalityWorld.com.
- ^ a b c "Mrs Bectors Food IPO opens Tuesday, grey market premium surges 70%; should you subscribe?". Financialexpress. 2020-12-14. Retrieved 2023-12-20.
- ^ Kumar, Shivendra (2023-04-20). "Momentum Pick: 95% returns in 1 year, Mrs Bectors shares poised for another 10-27% upside". The Economic Times. ISSN 0013-0389.
- ^ Bhosale, Kaustubh (2023-07-30). "Stocks to watch: These small-cap stocks will be in focus for tomorrow!". mint.
- ^ "Meet the woman behind IPO star Mrs Bectors Food Specialities". Moneycontrol. 2020-12-18.
- ^ Jaiswar, Pooja Sitaram (2022-11-23). "This smallcap stock hits fresh 52-week high. Should you buy more?". mint. Retrieved 2023-12-20.
- ^ Balakrishnan, Reghu (2023-09-12). "Mrs. Bector's Food to sell its biscuit business". Business Standard.
- ^ "I-T raid on city's leading business groups ends". The Times of India. 2023-10-22. ISSN 0971-8257. Retrieved 2023-12-18.
- ^ "I-T raids continue on Trident, Bectors Food groups in Ludhiana". The Tribune. October 18, 2023.