City Crops Agro Ltd.
City Crops Agro
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Small-cap - With a market cap of ₹28.20 Cr.
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City Crops Agro was originally incorporated as ‘Bhagya Agro-Care’ on April 02, 2013 vide certification of incorporation under the provision of Companies Act, 1956 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the name was changed to ‘City Crops Agro Private Limited’ and a fresh certificate of incorporation was obtained on December 6, 2021. Further, the company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies Ahmedabad, consequent upon conversion from Private Limited to Public Company dated December 27, 2021 in the name of ‘City Crops Agro Limited’.
The company is engaged in the business of trading of products like seeds, agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol and Pulses. It has an integrated online platform which includes products such as cereals, oil seeds, pulses and vegetables. The company is also engaged in contract manufacturing for agricultural produce such as Cucumber, Onion and Castor. The company sources the agricultural products from the manufacturers by paying an advance payment with its labeling and then these products are sold to its network of distributors. Owing to its presence in the market for decades, it has built strong relationships with both the farmers as well as with the wholesaler/retailers’ community.
In contract manufacturing, the company leases an agricultural land on lease and cultivate Cucumber, Onion and Castor for meeting the demand in the market. This gives the company control over the entire process and getting the agricultural produces at better rates as compared to the market. A part of the yield is shared with the farmers working on contractual basis on the leased land, which further helps the local farmers’ community.
Business area of the company
The company is engaged in the business of trading of products like seeds, agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol and Pulses.
History and milestones
