### **Company Profile** HMA Agro Industries Limited, incorporated in 2008, is one of India’s largest and most diversified exporters of halal-certified frozen buffalo meat, seafood, pet food, Basmati rice, and finished leather products. Headquartered in Agra, Uttar Pradesh, the company has established itself as a leading global supplier of high-quality, hygienically processed agro-products, with over four decades of cumulative experience across its promoter group. It is recognized as a **Five Star Export House** by the Government of India (FY25), reflecting its excellence in export performance and infrastructure capabilities. Operating exclusively in the export-focused **B2B segment**, HMA Agro serves more than **40–50 countries** across the Middle East, Southeast Asia, Africa, Eastern Europe, Central Asia, and Latin America, with over **95% of its revenue derived from international markets**. The company has set an ambitious strategic target to achieve **$1 billion in annual export revenues by 2027**, a goal it is on track to meet ahead of schedule. --- ### **Business Segment** HMA Agro operates under a **single reportable business segment**: the **manufacturing and export of buffalo frozen meat and meat products**. While this remains the core focus, the company has strategically diversified its portfolio into allied agro-products to reduce dependency and capitalize on growing global demand for safe, sustainable protein sources. --- ### **Manufacturing & Processing Infrastructure** The company operates a **vertically integrated production ecosystem** through a combination of owned plants, group subsidiaries, and contract processing units across five Indian states: **Uttar Pradesh, Punjab, Haryana, Madhya Pradesh, and Maharashtra**. #### Key Manufacturing Facilities: | Location | Capacity (MT/day) | Owner/Operator | Operational Since | |--------|------------------|----------------|-------------------| | **Nuh, Haryana** | 570 MT | United Farm Products Pvt. Ltd. (Wholly Owned Subsidiary) | FY2021 | | **Aligarh, UP** | 95 MT | HMA Agro Industries Ltd. | 2009 | | **Agra, UP** | 95 MT | HMA Food Export Pvt. Ltd. (Subsidiary) | Integrated since 2005 | | **Dera Bassi, Punjab** | 380 MT | Fully integrated unit acquired in 2016 | — | | **Unnao, UP** | 142.50 MT | Operated by AOV Exports Pvt. Ltd. (Contract basis; under acquisition by JFF Exports Pvt. Ltd.) | FY2011–12 | | **Taloja, Maharashtra (Fish Plant)** | 150 MT | Gausia Cold Storage Pvt. Ltd. (Group Company) | FY2015–16 | | **Taraori, Haryana (Cold Storage)** | 200 containers/day | HMA Hygienic Foods Industries Pvt. Ltd. | — | | **Jabalpur, MP (Poultry Plant – New)** | — | HMA Natural Foods Pvt. Ltd. (Subsidiary) | Commercial production commenced in FY25 | - **Total Daily Processing Capacity**: Over **1,472 metric tonnes** across meat, fish, and allied segments. - **Total Annual Meat Processing Capacity**: **Over 400,000 metric tonnes**. - The **Nuh, Haryana** plant is recognized as **Asia’s largest integrated meat processing facility**, featuring full automation and minimal human intervention to ensure hygiene and efficiency. --- ### **Subsidiaries & Group Structure** HMA Agro maintains a robust group structure to support its diversified operations and supply chain: | Subsidiary | Ownership | Role | |----------|---------|------| | **JFF Exports Pvt. Ltd.** | 100% | Manages export operations; acquiring Unnao plant | | **United Farm Products Pvt. Ltd.** | 100% | Operates Nuh (Haryana) mega plant | | **HMA Food Export Pvt. Ltd.** | 100% | Operates Agra facility | | **HMA Natural Foods Pvt. Ltd.** | 100% | Owns and operates Jabalpur poultry processing plant | | **HMA Leather Export Pvt. Ltd.** | 100% (Group Company) | Entering leather processing; setting up facility in Unnao Leather Park | | **Indus Farmers Food Co LLP** | Controlling stake | Part of supply chain and procurement network | | **Reliable Agro Foods Pvt. Ltd.** | 95% stake | Processing and procurement | | **International Agro Foods Export** | 51% stake | Export distribution and market access | Additional subsidiaries like **Laal Agro Food** and **Darling Pets Pvt. Ltd.** manage new product lines and growing capacities. --- ### **Product Portfolio** HMA Agro has expanded from its core buffalo meat business into a **multi-product agro-export platform**: #### Core Products: - **Frozen Boneless Buffalo Meat** (Brands: *Black Gold*, *Kamil*, *HMA*) - **Seafood & Frozen Fish** (e.g., pomfret, shrimp, tilapia, mackerel) – under *Fresh Gold* - **Pet Food** – *Darling Pets*, made from meat byproducts - **Basmati Rice** – *HMA Gold* / *Green Gold*, exported globally - **Fruits & Vegetables** – under *Fresh Gold* line - **Finished Leather Products & Raw Hides** #### By-Products: - Tallow, bone meal, hide, gelbone, PFS supplement - Exported to over 40 countries and distributed across 8+ Indian states --- ### **Global Reach & Market Presence** - **Exports to 40–50+ countries** across **five continents** - Key markets: - **Middle East**: UAE, Saudi Arabia, Egypt, Iraq, Jordan, Oman - **Southeast Asia**: Malaysia, Vietnam, Indonesia, Philippines, Thailand - **Africa**: Kenya, Nigeria, South Africa - **CIS & Eastern Europe**, **Latin America** (emerging) - Recently secured **regulatory approval to export to the Philippines and Cuba** - Strategic ambition to enter **China**, the world’s largest meat importer (~3 million MT/year), expected to **double the company’s order book** --- ### **Strategic Initiatives & Growth Pillars (FY25–26)** 1. **Client Retention**: - Launched **Client Loyalty & Engagement Program** with priority fulfillment and enhanced service packages - Dedicated **Client Management Team** for key accounts 2. **Market Penetration**: - Strengthening presence in core markets via competitive pricing, local partnerships, and improved logistics - Data-driven analytics to identify micro-markets and tailor offerings 3. **Geographic Expansion**: - Targeting **Eastern Europe, Central Asia, Latin America** - Pursuing regulatory certifications and participation in trade fairs (e.g., Gulfood Dubai, SIAL Shanghai, Vietnam Food Expo) 4. **Product Diversification**: - Launch of **frozen chicken** through HMA Natural Foods Pvt. Ltd. - Introduction of **value-added cuts**, **ready-to-cook** formats, and **vacuum-packed chilled meat** using **Cryovac® technology** 5. **Brand Building**: - Investing in **digital marketing** and international **trade exhibitions** - Positioning **Black Gold**, **Fresh Gold**, and **HMA Gold** as global agro-brands 6. **Technology & Automation**: - Fully automated **high-speed packaging line** commissioned in FY25 for vacuum-packed chilled meat (VPCM) - Implementing **blockchain for supply chain traceability** - Investments in **cold chain automation**, **quality control labs**, and **effluent treatment plants (zero discharge)** 7. **Sustainability & Energy Efficiency**: - Transition to **solar power** through fixed-rate agreements, reducing energy costs and carbon footprint - Strategic investment in **Avaada Indsolar Private Limited** to support green energy integration --- ### **Key Strategic Partnerships** - **Perbadanan Kemajuan Pertanian Selangor (PKPS), Malaysia**: - Signed MoU and strategic JV for **supply of frozen buffalo meat** - Includes **joint research** on trade efficiency and logistics - Strengthened bilateral agri-trade ties and access to Southeast Asian markets - **ALM Food Products Ltd. (Punjab), ALM Industries (Saharanpur), AL Raiyan Export (Mumbai)**: - Third-party processing partnerships to expand capacity and meet growing demand --- ### **Competitive Strengths** - **Asia’s largest integrated meat processing plant** (Nuh, Haryana) - **Fully integrated supply chain** from farm to export - **Compliance with global standards**: HACCP, ISO 22000, FSSC 22000, GMP, Halal - **State-of-the-art laboratories** for microbiological and quality control - **Strong branding and global recognition** via participation in Gulfood, WorldFood Expo - **Diversified supplier network** across disease-free zones with **full traceability** - **Agile export model** allowing rapid response to market shifts --- ### **Challenges & Risk Mitigation** - **Export Policy Volatility & Geopolitical Risks**: Noted significant freight cost spikes due to Red Sea disruptions; now leveraging alternative South Africa routes - **Currency Fluctuations & Input Cost Volatility**: Addressed via hedging and operational efficiency - **Consumer Education in Domestic Retail**: Preparing to launch a **retail frozen meat brand in India**, where fresh/chilled meat is preferred; will require extensive education on frozen product benefits - **Price Sensitivity**: Operates in competitive global protein markets; maintains **lean cost structure** to remain price-competitive --- ### **Leadership & Governance** - **Chairman & Whole-Time Director**: **Gulzar Ahmad** – Over 30 years of experience; led transformation from live buffalo trading to international exporter - **CFO & Whole-Time Director**: **Gulzeb Ahmed** – Instrumental in sales growth, brand building, and market expansion - **Managing Director**: **Mohammad Mehmood Qureshi** (appointed May 2024) – Leads procurement, strategy, and commercial roadmap - **Additional Director**: **Wajid Ahmed** – Oversaw construction of Asia’s largest slaughterhouse in Haryana