Apis India is a third-generation family enterprise that has turned a century-old honey-trading heritage into a diversified branded-foods platform - it is fundamentally an apiculture company that used its honey-export cash flows and processing know-how to build a domestic FMCG portfolio spanning spreads, pickles, dates, beverages, breakfast cereals and staples. Incorporated in 1983 and run from Delhi, the company evolved from a pure honey exporter into a multi-category packaged-foods player by repeatedly spotting an “unexplored market” - first in organised honey, then in branded dates, pickles and everyday dry goods - and filling it with products made to international certification standards. That recurring approach - take a commodity category where unbranded loose product dominates, process it in a single large Roorkee facility that can handle over 100 tonnes of honey a day, certify it to BRC, USFDA and HALAL levels, and sell it both overseas and across more than 200,000 domestic retail counters - explains everything the company does. # Business segments Two engines of roughly equal weight - a honey-export and branded-honey business built on third-generation sourcing and a large Roorkee plant, and a domestic packaged-foods platform that takes the same manufacturing and distribution backbone into spreads, pickles, dates, beverages and staples. ## 1. Honey and honey-based products: the export engine and the brand that built the house **A third-generation apiculture business that sources, processes and packs natural and infused honey at a 7-acre Roorkee plant capable of handling over 100 tonnes a day, then sells it under the APIS Himalaya brand across export and domestic markets with a certification suite few Indian honey players match.** - **Sourcing built into the family** - the company’s core competency is apiculture (bee-rearing and honey generation), and one of its key managers received formal beekeeping and honey-processing training from the University of Warmia in Poland, so the business starts with raw-material expertise rather than just buying on the open market. - **A plant that doubles as a quality moat** - the Roorkee facility has in-house testing, processing and filtration, and the company holds BRC, ISO22000, KOSHER, HALAL, NON-GMO, and ORGANIC certifications, and has won APEDA awards, which means it can sell into regulated export markets that smaller or unorganised honey traders cannot access. - **Variety as a selling tool** - the company offers Acacia, Eucalyptus, Lychee, Sunflower, Wild Flower Forest and single-origin Organic Honey from Kashmir, plus Ayurveda-inspired infused honeys (Lemon, Ginger, Chilly) and honey with nuts, so it can serve both bulk export buyers who want specific floral sources and domestic consumers looking for functional foods. - **Export awards as proof of consistency** - it has won the APEDA Export Award from the Ministry of Commerce three times, which signals that its honey meets the quality and traceability standards demanded by international buyers year after year. ## 2. Packaged foods: the domestic FMCG platform built on the honey backbone **A portfolio of branded spreads, pickles, dates, beverages, breakfast cereals and staples that takes the same Roorkee manufacturing infrastructure and 200,000-retail-counter distribution network into everyday Indian kitchen categories where unbranded loose product still dominates.** - **Dates as a second anchor** - the company calls itself “one of the popular brands of dates in India” and sells more than a dozen varieties (Ajwa, Kalmi, Zahidi, Khenaizi and others), recently adding a dedicated Masala Dates production line with roughly 84 tonnes of monthly capacity under the MISK brand, turning a commodity dry fruit into a branded, ready-to-eat snack. - **Spreads and preserves from a dedicated new line** - Fruitilicious Jam is made from 100% real fruit in six flavours, and the company is setting up a separate fruit-and-vegetable processing unit for jam with 2,400 MT of annual capacity, partly funded by a government subsidy under the PMKSY scheme, so it is building dedicated capacity rather than just contract-manufacturing. - **Pickles that cover both North and South Indian taste profiles** - the Spicelicious brand runs two distinct ranges (North Indian with Green Chilli, Lime, Mango and Mixed Veggies; South Indian) in packs from 200 gm to 5 kg, which lets it sell into both household and institutional kitchens. - **Staples and breakfast as basket-fillers** - the company makes Corn Flakes, Choco Flakes, Macaroni, Soya Chunks (52% protein, made in a fully automated plant) and whole-wheat Vermicelli, plus it sells Five Senses Green Tea processed in climate-controlled facilities with oxidation floors; these categories turn the brand into a multi-shelf presence in the same retail counters that already stock its honey and dates. - **A network of 13 plants, not just one** - beyond the owned Roorkee site, the company operates a total of 13 state-of-the-art facilities including contract manufacturing plants, all upholding international quality standards, which gives it the production flexibility to run a multi-category portfolio without building every line from scratch. # Group structure and partners **A listed parent company with two wholly owned manufacturing-and-trading subsidiaries, two associate companies that extend its reach into contract packing and the Middle East, and a recently completed amalgamation that consolidated promoter-owned honey and herb businesses into the listed entity.** - **Wholly owned manufacturing arms** - Anantadrishti Smart India Private Limited manufactures, packs and trades foods and beverages, while Nature’s Family Tree Foods Private Limited (acquired in November 2021) was the vehicle into which the company transferred its B2C division via a slump exchange in 2023, effectively ring-fencing the domestic branded business in a separate subsidiary. - **An overseas associate with its own production** - APIS Arabia Foods LLC in Dubai (49% held) started as a trading entity for honey, tea, coffee and bakery products and began its own production during FY21, giving the group a direct presence in a key Middle Eastern market rather than relying solely on exports from India. - **A domestic associate that packs for other brands** - Kapil Anand Agro Private Limited (50% held, acquired in 2020) does third-party labelling and packing for brands including DS Group, Rakesh and Vishal Mega Mart, so the group earns contract-manufacturing revenue alongside its own-brand business. - **Promoter-owned businesses folded in** - a composite scheme of arrangement amalgamated Apis Natural Products Private Limited (honey processing) and Modern Herbals Private Limited (herb products and dry fruits) into the listed company with effect from April 2019, consolidating the promoter group’s allied food businesses under one listed roof without changing the paid-up capital.