Proventus Agrocom Limited was incorporated as 'Manthan AgroCom Private Limited' at Mumbai as a Private Limited Company on October 20, 2015. Subsequently, the Company was converted to a Public Limited Company and name of the Company changed to 'Proventus Agrocom Limited' vide fresh Certificate of Incorporation dated March 21, 2023. Presently, the Company is into a variety of agro-commodities across the commodity value chain.
The Company commenced its business operations in the agro produce segment by undertaking bulk trades to capture the demand and supply stream by developing a strong base of sourcing and distribution with efficient risk management practices. In sourcing and procurement, it gradually expanded operations in dry fruits, nuts, seeds and berries and healthy snacking products across the value chain and creating a business model that covers sourcing from farm / mandi to secondary processing, packing and support of bulk sales and white labeling activities. With a presence in the APMC, Navi Mumbai and broker network & indirect distributors in various states, the Company is able to sell bulk produce both processed and unprocessed across various products.
The Company has displayed its ProV brand products for retail sales at its shop in APMC, Navi Mumbai. There was a shift in consumer preference from unbranded / loose produce to branded products all the way down to Tier 2 city kirana stores also. In 2017, the Company launched the brand 'ProV' including premium qua ...lity of dry fruits including almonds, cashews, walnuts, raisins and pistachios, sourced from the orchards across India and abroad.
In 2019, ProV Foods launched a new line of products called ProV Minis, which are small snackpack of flavored dry fruits, nuts and seeds that are ideal for healthy on-the-go nutrition. The 'ProV' brand is used by subsidiaries ProV Foods and Proventus Retail for the consumer packs sold through retail channel. In 2022, an Agreement was entered into with Chef Sanjeev Kapoor and KS Narayanan in food & FMCG for endorsement, advertisement and promotions of and providing services in relation to the brand, products and ProV Foods.
The Company came out with an Initial Public Offerings comprising of Offer for Sale of 2,30,147 Equity shares by existing shareholders and a fresh issue of 6,71,853 Equity shares of Rs 10 each in June, 2023.
In 2024, processing capacity of the Company expanded to 150,000 pouches daily and over 2 Crore ProVbranded pouches sold. ProV expanded product portfolio to 150+ SKUs and maintained its position among the top five branded dry fruit companies in India.
In FY 2025, Company launched a new series of Chocolate Coated Nuts, Mix Trails and Flavoured Makhanas.
FAQs on Proventus Agrocom Ltd
1. Can I buy Proventus Agrocom Ltd from PL Capital? ›
Yes, you can invest in Proventus Agrocom Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Proventus Agrocom Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Proventus Agrocom Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Proventus Agrocom Ltd pay dividends? ›
Proventus Agrocom Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Proventus Agrocom Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Proventus Agrocom Ltd. is ₹ 1200 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Proventus Agrocom Ltd ? ›
The 52-week high and low of Proventus Agrocom Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
