Sunday, May 19, 2024

Ajooni Biotech in Expansion Plans Bags Export Orders

Ajooni Biotech Ltd (NSE – AJOONI) – one of the leading companies, ISO and GMP certified engaged in  animal healthcare solutions and animal feed supplements, with an objective to expand ‘AJOONI Brand’ in global markets, the company has executed it first export order for the supply of Ajooni Cattle feed to Nepal. Company has developed a unique product suitable to the specific feed requirements of animal species of the semi hilly areas of Nepal, Bhutan, to achieve optimal nutrition of livestock and  maximizing  profitability of Dairy farmers. 

The company is also exploring all the possibilities to penetrate its marketing network to international markets of African continent, South Asia, and Middle East markets. Ajooni Biotech Ltd became the first Indian animal feed manufacturing company to get ZED certification from Govt of India.

According to Mr. Jasjot Singh, Chairman and Managing Director, Ajooni Biotech Ltd said, “Company has taken important strategic initiatives in the recent past with a focus to expand production capacities, launching new products, adding more channel partners will help accomplish its vision of ‘To be a world class Animal Health Care Company’.

The recent rights issue of the issue will further strengthen the company’s balance sheet and help fund its expansion plans and strategic growth initiatives.”  The company has two state-of-the-art manufacturing facilities with a cumulative animal feed production capacity of 60,000 MTPA and liquid supplements capacity of 30 lakh liters per annum. 

Recently, Ajooni Biotech Ltd. became the first Indian animal feed manufacturing company to get ZED certification (Zero Effect Zero Defect) from the Ministry of Micro, Small & Medium Enterprises, Govt of India. The company is among the main suppliers to leading companies like IFFCO Kisan, Mother Dairy, etc.

As per a recent survey by the International Feed Industry Federation, Food & Agriculture Organization of the United Nations, Indian animal feed market reached a value of Rs. 873.7 billion in 2021 and is projected to reach Rs. 1493.8 billion by 2027,thus showing great growth potential.

The company has reported robust financial performance over the last 5 years.

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