AC
Amir Chand Jagdish Kumar
Mainboard₹440 Cr issue
-5.66%
Listing gain over issue price
Issue size
₹440 Cr
1 lot at cut-off
₹14,840
Lot size
70shares
Allotment
30 Mar 2026
Listing
02 Apr 2026
Listing performance
Issue price
₹212
Listed at
₹200
Listing-day close
₹180
Latest price
₹173.05
Listing gain
-5.66%
Return since listing
-18.37%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
₹3.50
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 02 Apr 2026 | ₹3.50 | +1.65% | ₹200 | ₹215.50 | ₹245 |
| 01 Apr 2026 | ₹5.50 | +2.59% | ₹300 | ₹217.50 | ₹385 |
| 31 Mar 2026 | ₹3 | +1.42% | ₹200 | ₹215 | ₹210 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- Listing date
- 02 Apr 2026
- Face value
- ₹10 per share
- Issue price
- ₹212 per share
- Lot size
- 70 shares
- Total issue size
- ₹440 Cr
- Market cap at offer price
- ₹2,195 Cr
- Promoter holding
- 99.44% → 78.78% pre-issue → post-issue
- ISIN
- INE05TO01019
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Emkay Global Financial Services Ltd.
- Registered office
- 2735, Shop No.9, Mohan Lal Palace, Naya Bazar, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 28,30,380 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 70 shares per lot, in multiples, at ₹212
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 70 | ₹14,840 |
| Retail (max) | 13 | 910 | ₹1,92,920 |
| S-HNI (min) | 14 | 980 | ₹2,07,760 |
| S-HNI (max) | 67 | 4,690 | ₹9,94,280 |
| B-HNI (min) | 68 | 4,760 | ₹10,09,120 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
28,30,380
Anchor portion
₹60 Cr
at ₹212 per share
Valuation and performance
Valuation at offer price
₹212 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 7.35 | 9.40 |
| P/E (×) | 28.84 | 22.55 |
| Price to book (×) | 4.58 | — |
| Market cap | — | ₹2,195 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 17.61%
- ROCE
- 14.36%
- Debt / equity
- 2.07
- PAT margin
- 3.04%
- EBITDA margin
- 8.18%
- NAV per share
- ₹46.26
- Price to book
- 4.58
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Amir Chand Jagdish Kumar
Amir Chand Jagdish Kumar (Exports) Limited is a basmati rice processing and export company incorporated in India in 2003. The company caters to both domestic and export markets with a significant focus on the Middle East, operating two milling facilities in Punjab and Haryana and a packaging facility in Delhi. It generates revenue primarily from export sales and domestic distribution through an extensive sales and distribution network. The company's business model involves procuring basmati paddy during harvest season (September-January), processing and aging the rice for 3-24 months to enhance quality, and then selling through distributors and direct customers.
Company Analysis
from RHPAmir Chand Jagdish Kumar (Exports) Limited is a processor and exporter of basmati rice and FMCG products operating across domestic and export markets.
Amir Chand Jagdish Kumar (Exports) Limited is a basmati rice processing and export company incorporated in India in 2003. The company caters to both domestic and export markets with a significant focus on the Middle East, operating two milling facilities in Punjab and Haryana and a packaging facility in Delhi. It generates revenue primarily from export sales and domestic distribution through an extensive sales and distribution network. The company's business model involves procuring basmati paddy during harvest season (September-January), processing and aging the rice for 3-24 months to enhance quality, and then selling through distributors and direct customers.
rice processing and millingfood and beverage exportFMCG
Objects of the Issue
- Funding working capital requirement of our Company ₹4,000 million p.24
- General corporate purposes p.24
- Funding working capital requirements of our Company ₹4,000 million p.124
- General Corporate Purposes p.129
- Not explicitly detailed in this section p.431
Issue Structure
- Total Issue
- Up to ₹4,400 million (aggregate of Fresh Issue)
- Fresh Issue
- Up to [●] Equity Shares of face value of ₹10 each aggregating up to ₹4,400 million
- Offer for Sale
- Not Applicable
- Price Band
- [●] per Equity Share (Floor Price [●]; Cap Price [●])
- Lot Size
- [●] Equity Shares
- Face Value
- ₹10 each
Business Model
The company earns revenue through: (1) Processing and selling basmati rice products to domestic and export markets; (2) Direct sales to institutional customers and distributors; (3) Export of branded basmati rice to over 38 countries with focus on Middle East; (4) Minimal revenue from FMCG and other products. Cost of materials consumed represents 87-90% of total expenses.
Business Segments
Processing and sale of basmati rice products including premium, medium and value segments
Sale of FMCG products
Sale of by-products, unused packing material and paddy
Processing and sale of basmati rice products domestically and for export
Distribution of FMCG products including wheat flour (atta), refined wheat flour (maida), gram flour (besan), instant phirni, idli rice flour, salt, semolina (sooji) and sugar
Sale of by-products, unused packing material and paddy
Processing and export of basmati rice to over 38 countries, with a focus on Middle East markets; aging basmati rice for 3 to 24 months for premium quality; maintaining integrated operations with quality control systems
Sale of basmati rice and FMCG products through 475+ distributors to domestic consumers
Export of basmati rice and FMCG products to 37 countries through 53 distributors globally
Basmati rice and specialty rice varieties including kolam rice, sona masuri, idli rice and ponni rice. Basmati rice products are further categorized into premium, medium, value and HORECA segments.
Kitchen essential supplies including wheat flour (atta), refined wheat flour (maida), gram flour (besan), instant phirni, idli rice flour, salt, semolina (sooji) and sugar sold in domestic markets only.
Sale of by-products, unused packing material and paddy.
Grains aged for more than 9 months, marketed under brands including Aeroplane La-Taste, Aeroplane Classic, Aeroplane Super, Aeroplane 1121, Aeroplane Gold, Aeroplane Select, ALI BABA, and Aeroplane Royal
Good quality grains aged for 3 to 9 months, marketed under Aeroplane Metro, Aeroplane Rozana Premium, Aeroplane Apple, World Cup, Palm Tree, and Season brands
Shorter grain lengths suitable for customers preferring economic options, marketed under Aeroplane Super Tibar, Aeroplane Spl Dubar, Aeroplane Daily, Aeroplane Regular, and Aeroplane Everyday
Products for hotels, restaurants, and catering for large cooking volumes, marketed under Jet, Aeroplane Power, Aeroplane Speed, Aeroplane Shan, and Aeroplane Race
Includes kolam rice, sona masuri, idli rice, ponni rice, brown rice, diabetic rice, and quick cook rice marketed under Aeroplane brand
Wheat flour (atta), refined wheat flour (maida), gram flour (besan), instant phirni, idli rice flour, salt, semolina (sooji), and sugar marketed under Aeroplane brand
All basmati and specialty rice products
Processing, packaging and sale of rice products including paddy, unfinished rice, and finished rice for domestic and international markets
Sale of fast-moving consumer goods
Sale of other products (41.16 - Sep 2025), job work receipts, export incentives, commission income, and other operating revenues
Processing, packaging and trading of basmati rice and specialty rice varieties including brown rice, kolam rice, sona masuri, idli rice and ponni rice. Basmati rice is categorized into premium, medium, value and HORECA segments.
Sale of FMCG kitchen essential supplies including wheat flour (atta), refined wheat flour (maida), gram flour (besan), instant phirni, idli rice flour, salt, semolina (sooji) and sugar. Also includes sale of by-products, unused packing material and paddy.
Operates rice milling facilities where rice is processed and packaged for domestic and export markets
Operates packaging units for processed rice with distribution capabilities
SWOT Analysis
Strengths
- • Leading basmati rice processor and exporter with pan-India distribution network(p.19)
- • Significant export presence across 38+ countries with focus on high-value Middle East markets(p.47)
- • Established network of 431 domestic and 53 international distributors(p.50)
- • Two high-capacity processing facilities with aggregate capacity of 323,000 MT(p.41)
- • Owned intellectual property including trademarks and copyrights transferred at nominal cost(p.5)
- • Ranked 3rd among peers in revenue with branded FMCG presence(p.134)
- • Extensive distribution network spanning India and international markets(p.134)
- • Strong international presence with exports to 38+ countries(p.134)
- • Basmati rice enjoys premium market status and GI tag protection(p.134)
- • Integrated operations with modern quality control and imported equipment(p.134)
- • Strategic facility location near basmati-producing regions(p.134)
- • Strong promoter experience and trademark portfolio(p.134)
- • Leading basmati rice producer and exporter ranked 3rd among peers by revenue(p.215)
- • Strong brand with 40+ sub-brands commanding premium pricing despite low marketing spend(p.219)
- • Strategically located manufacturing facilities near basmati-producing regions minimize transportation costs(p.220)
- • Fully integrated operations across basmati rice value chain from procurement to distribution(p.220)
- • Modern automated equipment imported from Japan, Germany and US ensures quality and efficiency(p.220)
- • Wide pan-India distribution network with 431+ domestic distributors enabling market penetration(p.220)
- • Strong international presence as recognized Three Star Export House with 53+ overseas distributors(p.221)
- • Promoters' 40+ years of basmati rice industry expertise and procurement network of 325 agents(p.218)
- • Experienced management with deep industry expertise(p.222)
- • Strong brand recognition and multi-segment product portfolio(p.223)
- • Healthy financial performance with strong profitability growth(p.222)
- • Efficient working capital management and improved inventory turnover(p.222)
- • Strategic location of manufacturing facilities near basmati-producing regions(p.229)
- • Modern manufacturing infrastructure with advanced automated machinery(p.233)
- • Established distribution network with 431 domestic and 53 overseas distributors(p.233)
- • Established brand presence in 38+ countries with ISO 22000:2018 certification(p.312)
- • High-capacity manufacturing with biomass and solar power generation(p.312)
- • Strong promoter experience: 40+ years of expertise in rice industry(p.312)
- • Significant revenue growth: FY25 revenue ₹20,016.47M vs FY23 ₹13,158.48M(p.339)
- • Improved profitability: FY25 profit ₹608.22M vs FY23 ₹174.96M(p.305)
- • Dominant promoter shareholding of 98.17% provides strong control(p.290)
- • Ranked 3rd among peers in revenue with integrated value chain operations(p.364)
- • Over four decades of promoter expertise in basmati rice industry(p.364)
- • Strong brand portfolio with 100 registered trademarks including 70 in India and 30 internationally(p.364)
- • Rapid revenue growth with 74.90% CAGR in domestic sales from FY2023 to FY2025(p.365)
- • Significant improvement in profitability with PAT margin rising from 1.33% to 4.76%(p.367)
- • Strong distribution network with 431 domestic and 53 international distributors(p.366)
- • Improving debt-to-equity ratio declining from 2.50 to 1.68(p.367)
Weaknesses
- • Packaging units located in non-conforming industrial areas in Delhi, risking relocation and operational disruption(p.41)
- • High debt-equity ratio of 1.68 at September 30, 2025, indicating significant financial leverage(p.45)
- • Extremely high inventory turnover days of 161 days, requiring substantial working capital and storage costs(p.43)
- • Dependence on 325 procurement agents without long-term contracts; top agent contributes 20.90% of purchases(p.44)
- • Absence of long-term contracts with customers; top 10 customers represent 45.03% of revenue(p.50)
- • High customer concentration with single largest customer contributing 9.35% of revenue in H1 FY26(p.49)
- • Lack of product liability insurance despite exposure to product recalls and quality claims(p.49)
- • Unable to obtain certain statutory consents including fire NOC and registration under Contract Labour Act for packaging units(p.41)
- • Inventory damage and storage leakage affecting raw material quality(p.51)
- • New and unproven FMCG business with uncertain market acceptance(p.51)
- • History of negative operating cash flows(p.52)
- • Contingent liabilities from tax disputes and other claims(p.52)
- • Historical secretarial filing deficiencies and corporate governance lapses(p.53)
- • Outstanding litigation involving promoters and company(p.54)
- • Recurring delays in payment of statutory dues(p.56)
- • High working capital requirements and elevated borrowing levels(p.58)
- • Dependence on key promoters with over 40 years combined experience at risk(p.60)
- • Significant employee attrition rate(p.61)
- • High dependence on working capital financing with significant debt levels(p.124)
- • Low capacity utilization at only 24.37% as of September 30, 2025(p.139)
- • High inventory holding requirement of 161 days due to crop seasonality(p.139)
- • Loss of statutory audit records and corporate filing discrepancies(p.49)
- • Reliance on short-term borrowing to fund working capital operations(p.124)
- • Capacity utilization of only 24.37-50.46% indicates underutilized installed capacity(p.217)
- • High debt-to-equity ratio of 2.07 indicates significant financial leverage and debt dependence(p.218)
- • FMCG segment remains negligible at only 0.22% of revenue with minimal growth(p.216)
- • Declining export revenue from 38.27% in FY2025 to 32.43% in H1FY26 indicates weakening export performance(p.216)
- • Minimal online sales at only 0.15% of revenue indicates weak digital presence and e-commerce adoption(p.217)
- • High dependence on few procurement agents for raw material sourcing(p.230)
- • Significant customer concentration risk(p.235)
- • High leverage with net debt to EBITDA ratio of 6.81(p.222)
- • Low capacity utilization at 24.37% as of September 30, 2025(p.233)
- • Incomplete intellectual property transfer from promoters with pending registrations(p.239)
- • Limited insurance coverage gaps; no product liability insurance(p.237)
- • High debt burden: Current borrowings ₹7,388.69M as of Sept 2025(p.336)
- • High leverage with gearing ratio of 0.62 as of Sept 2025(p.346)
- • Significant finance costs: ₹425.75M for 6 months ended Sept 2025(p.340)
- • CSR unspent liability of ₹9.02M accumulated as of Sept 2025(p.348)
- • Concentration of trade receivables with extended aging: ₹258.39M outstanding 6 months-1 year as of Sept 2025(p.329)
- • Inventory-heavy asset base with ₹8,701.49M inventory as of Sept 2025(p.327)
- • High inventory days (161 days) due to rice aging requirements for quality(p.368)
- • Heavy dependence on few customers with top 10 customers contributing 45.03% of revenue(p.400)
- • High reliance on procurement agents with top 5 agents contributing 50.47% of purchases(p.366)
- • No long-term arrangements with distributors creating replacement risk(p.369)
- • Low capacity utilization at 24.37% despite 550,800 MT installed capacity(p.366)
- • Raw material inventory vulnerability to crop diseases, infestations and spoilage(p.368)
- • High debt burden with total borrowings of ₹7,650.79 million as of March 9, 2026(p.402)
- • Outstanding tax litigation with ₹278.83 million income tax demand for FY2023-24(p.352)
- • Packaging units located in non-conforming industrial areas in Delhi(p.412)
Opportunities
- • Expansion of domestic distribution network from 431 to over 700 distributors by end of FY28(p.50)
- • Growing global basmati rice export market with GI-tagged Indian basmati rice protection in international markets(p.19)
- • Increasing domestic market penetration as India's rice consumption grows; rice holds 35% of agricultural cultivation(p.19)
- • Shift from export to higher-margin domestic market; domestic revenue increased from 30.67% (FY23) to 67.57% (H1 FY26)(p.47)
- • Expansion into complementary FMCG products with higher margins(p.51)
- • Geographic expansion in Indian domestic market(p.76)
- • Improving operational efficiency through better capacity utilization(p.76)
- • Brand promotion and marketing initiatives for visibility enhancement(p.76)
- • Global rice production forecast to reach record highs with increased consumption(p.126)
- • Strong domestic revenue growth and shift toward domestic market penetration(p.139)
- • India's growing economy with 7.3% GDP growth projection for FY26(p.157)
- • Projected business growth supported by FMCG expansion strategy(p.126)
- • Capacity to scale operations with current installed capacity of 550,800 MTPA(p.139)
- • Indian rice market projected to grow at 1.8% CAGR from USD 55.1 billion in CY25 to USD 59.8 billion in CY30(p.204)
- • Significant untapped potential in packaged basmati segment with only 19% urban household penetration(p.204)
- • Growing preference for organized branded rice driving market consolidation opportunity(p.204)
- • Basmati and non-basmati rice exports expected to grow at 8% and 5% CAGR respectively through CY30(p.177)
- • Potential for FMCG segment expansion into kitchen staples with established brand and distribution(p.216)
- • Government initiatives promoting agricultural productivity and export support driving industry growth(p.162)
- • Expansion into tier 3 and tier 4 cities with significant growth potential(p.223)
- • Increase distributor network from 431 to over 700 by end of Fiscal 2028(p.223)
- • Growing consumer shift towards organized and branded basmati rice players(p.223)
- • Celebrity endorsement and enhanced brand-building initiatives(p.223)
- • Rising disposable income and consumer preference for branded, higher-quality products(p.223)
- • Strong demand for Indian basmati rice in Middle East and global markets(p.234)
- • Expansion into modern trade and HORECA channels with smaller retail chains(p.223)
- • Expansion potential through existing capacity: 550,800 MT annual rice processing capacity(p.312)
- • Export market growth: Presence established in 38+ countries(p.312)
- • Renewable energy monetization: Solar (997 KW) and biomass (950 KW) capacity for power generation(p.312)
- • Revenue growth trajectory: 52% increase from FY23 (₹13,158.48M) to FY25 (₹20,016.47M)(p.339)
- • Strong FMCG segment introduction with ₹22.46M sales in 6 months ended Sept 2025(p.339)
- • Expansion of domestic market with domestic sales CAGR of 74.90%(p.365)
- • Growing international markets with exports to 38+ countries across 4 continents(p.365)
- • India's leading position in basmati rice exports with GI tag protection(p.364)
- • FMCG product expansion opportunity leveraging existing distribution network(p.365)
- • Potential for margin improvement through increased market share and economies of scale(p.352)
- • E-commerce and quick commerce channel expansion alongside traditional trade(p.365)
Threats
- • Raw material supply dependent on weather, climate change, and unpredictable harvest cycles affecting crop yield(p.42)
- • Risk of crop disease affecting basmati paddy production; farmers may shift to other crops due to price/demand shifts(p.42)
- • Government of India has imposed export duties and bans on rice; July 2023 ban on non-basmati white rice and 20% duty on parboiled rice(p.47)
- • Export market vulnerable to foreign government policies; Iran has imposed seasonal bans on basmati rice imports(p.47)
- • Basmati rice prices subject to cyclical fluctuations beyond company control; no hedging mechanisms available(p.50)
- • Exposure to foreign exchange risk; exports to 38+ countries with revenues denominated in foreign currencies(p.47)
- • International customers subject to quality audits and compliance requirements that could result in product bans from export markets(p.48)
- • Risk of genetically modified crops contaminating basmati paddy growing regions(p.42)
- • Economic slowdown in key export markets could reduce customer orders and demand for products(p.47)
- • Rising benchmark interest rates will increase finance costs; all borrowings on floating rates linked to RBLR(p.45)
- • Short-term customer purchase orders with uncertain future demand(p.63)
- • Increasing competition from larger consolidated producers and Pakistan(p.63)
- • Dependence on third-party transportation with disruption risks(p.65)
- • Reliance on third-party utilities (electricity, water, fuel)(p.66)
- • Vulnerability to foreign exchange fluctuations on exports(p.58)
- • Facility location risks and need for potential relocation(p.61)
- • Potential environmental compliance and license revocation risks(p.71)
- • Geopolitical tensions affecting trade and supply chains(p.79)
- • Exposure to monsoon and agricultural commodity price volatility(p.80)
- • Regulatory changes and export policy uncertainty(p.70)
- • Working capital intensity and seasonal paddy procurement requirements(p.38)
- • Susceptibility to global trade disruptions and tariff policies(p.156)
- • Exposure to raw material price volatility and supply concentration(p.125)
- • Reliance on export markets with exposure to geopolitical and trade risks(p.157)
- • Low interest coverage ratio of 2.48 indicating limited debt servicing cushion(p.139)
- • Government export restrictions and bans on non-basmati rice reduce global market access and revenue(p.198)
- • Competition from Pakistan offering lower-priced basmati rice with weaker rupee affecting market share(p.185)
- • Monsoon dependency and climate change causing yield variability and production instability(p.173)
- • Red Sea shipping disruptions significantly increasing export transportation costs(p.199)
- • Global rice price volatility driven by climate events, geopolitical tensions and trade restrictions(p.171)
- • Pest and disease infestation causing substantial yield losses and production constraints(p.202)
- • Global rice trade disruptions from Russia-Ukraine and Middle East conflicts impacting supply chains(p.198)
- • Fluctuating raw material costs and MSP dynamics impacting profitability margins(p.169)
- • Increased competition from Pakistan offering basmati rice at competitive prices(p.237)
- • Dependence on monsoon and weather for paddy crop availability(p.230)
- • Reliance on third-party transportation providers with no long-term contracts(p.232)
- • Exposure to lease termination risk for key operational facilities(p.243)
- • Counterfeiting and intellectual property infringement risks(p.239)
- • High interest rate exposure on floating rate debt of ₹7,154.09M(p.343)
- • Foreign currency volatility in export operations (38+ countries)(p.343)
- • Commodity price volatility: Paddy and rice inventory exposed to input price fluctuations(p.339)
- • Concentration risk: Three promoters hold 98.53% of shares with potential succession issues at age 76, 75, and 50(p.290)
- • Supply chain disruption risk from operations in single regions (Haryana, Punjab, Delhi)(p.293)
- • Regulatory compliance burden: CSR obligations of ₹9.02M annually(p.347)
- • Increased competition from Pakistani basmati rice at competitive prices(p.369)
- • Price volatility of raw materials (paddy) dependent on weather and market conditions(p.368)
- • Seasonal procurement dependency creating working capital intensity risk(p.400)
- • Exposure to economic slowdown in key export markets affecting demand(p.369)
- • Foreign exchange and regulatory risks in international markets(p.369)
- • Operating risks including power shortages, labor disputes and natural disasters(p.369)
- • Trademark infringement litigation exposing company to damages and injunctions(p.407)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Jagdish Kumar Suri | Promoter | 89.50% | — |
| Rahul Suri | Promoter | 8.31% | — |
| Ramnika Suri | Promoter | 0.36% | — |
| Jagdish Kumar Suri | Promoter | 89.50% | — |
| Rahul Suri | Promoter | 8.31% | — |
| Ramnika Suri | Promoter | 0.36% | — |
| Siya Malhotra | Promoter Group | 0.18% | — |
| Jasmine Suri | Promoter Group | 0.18% | — |
| Nishi Saigal | Promoter Group | Negligible | — |
| Jagdish Kumar Suri | Promoter | — | — |
| Rahul Suri | Promoter | — | — |
| Ramnika Suri | Promoter | — | — |
| Jagdish Kumar Suri | Promoter, Chairman and Managing Director | 89.50% | — |
| Rahul Suri | Promoter, Whole Time Director | 8.31% | — |
| Ramnika Suri | Promoter, Non-Executive Non-Independent Director | 0.36% | — |
| Jagdish Kumar Suri | Promoter | 89.50% | — |
| Rahul Suri | Promoter | 8.31% | — |
| Ramnika Suri | Promoter | 0.36% | — |
| Jagdish Kumar Suri | Promoter/Managing Director | — | — |
| Rahul Suri | Promoter/Whole Time Director | — | — |
| Jagdish Kumar Suri | Promoter/Chairman and Managing Director | — | — |
| Jagdish Kumar Suri | Promoter | — | — |
| Rahul Suri | Promoter | — | — |
| Ramnika Suri | Promoter | — | — |
Leadership
Jagdish Kumar Suri · Chairman and Managing Director
Rahul Suri · Whole-time Director
Anuj Verma · CFO
Sadhna Khurana · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.