Jeyyam Global Foods Limited is a specialized Indian food processing enterprise with a **40-year legacy** in the **Chana (Bengal Gram)** value chain. Recently transitioned from a private firm to a **publicly listed entity** on the **NSE SME platform (September 2024)**, the company is executing a strategic pivot from a regional B2B supplier to a national B2C brand. JGFL operates an integrated model encompassing the procurement, automated processing, and multi-channel distribution of chickpea-based products and kitchen essentials. --- ### **Core Product Portfolio & Brand Segmentation** JGFL utilizes a multi-brand strategy to penetrate diverse socio-economic segments, focusing on value-added processing to enhance shelf life and consumer convenience. | Product Category | Premium Brands | Standard / Value Brands | Packaging Formats | | :--- | :--- | :--- | :--- | | **Fried Gram (Split & Whole)** | **Jeyyam** | **Standard** | **50g to 1kg** (Retail); **30kg to 55kg** (Bulk) | | **Gram Flour (Besan)** | **Jeyyam** | **Leader**, **Ponni** | High-grade 3-stage grinding | | **Clean Chana** | **Jeyyam** | N/A | Automated size/color grading | * **Jeyyam Fried Gram:** The flagship premium offering, produced in one of **Asia’s largest automated units**. * **Jeyyam Besan:** A premium flour product utilized in diverse culinary applications. * **Value Brands:** **Leader** and **Ponni** cater to price-sensitive regional markets and specific culinary preferences. --- ### **Manufacturing Infrastructure & Supply Chain Scale** The company operates two **FSSAI-certified** facilities strategically located to optimize the supply chain across Southern India, with a total annual capacity of **171,158 MT**. | Facility | Location | Annual Capacity (MT) | Strategic Advantage | | :--- | :--- | :--- | :--- | | **Factory 1** | Salem, Tamil Nadu | **1,04,328 MT** | Centralized processing hub | | **Factory 2** | YSR Kadapa, Andhra Pradesh | **66,830 MT** | Proximity to raw material clusters | | **New Unit (Planned)** | Gulburga, Karnataka | **TBD** | Leasehold land to reduce freight costs | **Operational Highlights:** * **Procurement:** A centralized team sources raw materials from **99 identified Mandi clusters** across India. * **Efficiency:** Employs **batchwise costing** and rigorous verification to manage an inherent **8-12% by-product yield loss**. * **Upgrades:** Capacity expansion and increased automation are targeted for completion by **Q1 FY 2026**. --- ### **Financial Performance & Capital Structure** JGFL has demonstrated robust growth, with revenue increasing by **21% YoY** in the most recent fiscal year. The company is focused on improving **EBITDA margins** beyond the current **~3%** through operational scale and debt reduction. **Three-Year Financial Summary (₹ Lakhs):** | Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Turnover** | **76,239.97** | **62,981.00** | **38,217.00** | | **Profit After Tax (PAT)** | **2,207.95** | **1,509.11** | **789.80** | | **Net Worth** | **16,732.58** | **8,022.42** | **6,513.30** | | **Return on Net Worth (RoNW)** | **18.81%** | **13.20%** | **12.13%** | **Capital Management:** * **IPO (Sept 2024):** Raised **₹81.94 crore** at **₹61/share**. **₹35 crore** was utilized for working capital. * **Debt Optimization:** Divesting **45 acres** of non-core land in **Salem** to repay long-term and short-term debt. * **Future Funding:** Authorised capital was increased to **₹40 crore** in **Oct 2025** to facilitate a potential **FPO or Rights Issue**. --- ### **Strategic Evolution: The "Jeyyam 2.0" Roadmap** The company is transitioning from a regional B2B player to a diversified, brand-led food company. * **Geographic Diversification:** Reducing reliance on Tamil Nadu by expanding into **Andhra Pradesh, Karnataka, Maharashtra, and Madhya Pradesh**, specifically targeting **Tier 2 and Tier 3 cities**. * **Product Expansion:** Entering high-margin categories including **Soya (plant-based protein)**, **Vermicelli**, and **Blended Spices**. * **Value-Added Pipeline:** Developing **Ready-to-Eat (RTE)**, **Ready-to-Cook (RTC)**, and **Organic Spices** segments. * **Digital Transformation:** Leveraging data analytics for retail penetration and Consumer Packaged Delivery (CPD) growth. --- ### **Governance & Leadership Reconstitution** The Board was restructured in **2025-2026** to transition from a promoter-led to a professionally managed entity. * **Executive Leadership:** **Mr. Rathinavel Periasamy** (MD, effective March 2026) and **Amit Agarwal** (MD). * **Independent Oversight:** **Janarthanan M** (Chairman of NRC) and **Simran Nahar** (Independent Director specializing in digital transformation). * **Promoter Stability:** A **November 2025** inter-se transfer of **22,12,990 shares** via gift within the promoter group left the aggregate holding unchanged, ensuring continuity. --- ### **Risk Assessment & Mitigation** JGFL maintains a proactive framework to manage the inherent volatilities of the agro-commodity sector. | Risk Category | Mitigation Strategy | | :--- | :--- | | **Raw Material Volatility** | Disciplined sourcing across **99 Mandis** and batchwise costing. | | **Regulatory/FSSAI** | Contesting **34+ routine cases**; management views financial exposure as non-material. | | **Insolvency Claims** | A **₹52 lakh** legacy claim by **Maximus** was **dismissed** by NCLT in 2021. | | **Market Competition** | Shifting mix toward high-margin **B2C** and **branded CPD** to insulate from bulk price wars. | **Key Challenges:** * **Execution Risk:** Timely stabilization of the **Gulburga** facility and new product launches. * **Macro Factors:** Sensitivity to **rural demand** and **inflationary pressures** on input costs. * **Technology:** Continuous need for capital expenditure to prevent technology obsolescence in automated processing.