TBI Corn Limited
NNSE:TBI72.25
INR
-2.80
(-3.73%)
ISIN
INE0N2D01013
Return %
Stock
S&P 500
1Y
-21.38
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
INR
•
in mil. unless spec.Working Capital
INR
•
in mil. unless spec.Growth Rates
INR
•
in mil. unless spec.Semi-annual Revenue
INR
•
in mil. unless spec.Semi-annual Earnings Per Share
INR
•
in mil. unless spec.Semi-annual Dividends Per Share
INR
•
in mil. unless spec.Company Description
- CEO
- Yogesh Laxman Rajhans
- Full Time Employees
- 46
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- A5/3 & A5/4, MIDC Sangli MA India 416410
- IPO Date
- Jun 7, 2024
- Website
- tbicorn.com
- Similar Companies
- Business
- TBI Corn Ltd (TBI.NS) manufactures and exports corn-based products, including cleaned and fat-free corn grits/meal, corn flakes, stone-free broken maize, corn flour, and turmeric finger; the company produces these items without chemical additives or preservatives and ensures they are GMO-free. ISO 22000:2018 and HALAL certified, TBI Corn sources premium raw maize from Northern Karnataka and Andhra Pradesh, key regions accounting for 38% of India's maize cultivation, and operates a fully automated facility with expanded capacity to 350 tons per day in Miraj, Maharashtra. The company serves domestic industries such as breakfast cereal, snack food, sweet manufacturing, bakery, biscuit, brewery, confectionery, hospitality, corn starch, and cattle feed, while exporting to countries including Dubai, Oman, Jordan, South Africa, Vietnam, Sri Lanka, Malaysia, Brunei, and South Korea, with plans for Europe and the US. Originally established in 1999 (or 2000 per certain records) as a partnership firm under the name M/s The Best India and converted to a public limited company in June 2022 with headquarters at A5/3 & A5/4, MIDC, Miraj, Tal-Miraj, Dist-Sangli, Maharashtra, India, TBI Corn listed on the NSE Emerge SME platform via an initial public offering of up to 47,80,800 equity shares in May-June 2024, raising funds for capacity expansion and growth. Recent developments include a significant capacity increase to 350 TPD supporting 45.5% YoY revenue growth to INR 211 crore in FY2025 with profit of INR 13.6 crore; launch of a spice export vertical featuring premium turmeric from Sangli's black soil and red chillies; and at the third AGM in September 2025, approval of FY2025 financials, Articles of Association changes, ESOP 2025 scheme, related-party transactions, and director reappointments. Promoter holding stands at 56.5%, with no dividend payouts despite consistent profitability.