### **Overview** Mangalam Global Enterprise Limited (MGEL), part of the 80-year-old Ahmedabad-based Mangalam Group, is a diversified agri-commodities company engaged in the **manufacturing, trading, and import of edible and non-edible oils** (Soya, Mustard, Castor), **agricultural products** (Cotton Bales, Wheat, Rice), and **processed nutraceuticals and personal care items**. With a strategic pivot toward the **B2C wellness segment**, MGEL is transitioning from its traditional high-volume, low-margin B2B model to capture higher-margin consumer opportunities in India's growing clean-label, plant-based wellness market. --- ### **Key Strategic Developments (2024–2025)** #### **Expansion into B2C & Wellness Market** - **July 2025**: - Launched **Neat Everyday**, a new **100% vegetarian, Ayurveda-based B2C wellness brand** offering nutraceuticals and personal care products. - Opened its **first retail store in Indore, Madhya Pradesh**, marking the beginning of its physical retail presence. - Launched two consumer-facing castor oil products: - *Tejprakash Castor Oil* (Ayurvedic classical medicine) - *Neat Castor Oil* (100 ml personal care variant) - Added **31 new SKUs** in the B2C segment, with plans to expand to **over 50 SKUs** in the near term. - **November 2024**: - Launched **"Neat Castor Oil"** in 100 ml packaging, targeting the **domestic personal care market**. - **September 2025**: - Introduced **Aloe Vera Gel**, expanding the *Neat Everyday* portfolio into plant-based skincare. - Targeted the **clean-label, plant-based wellness** consumer, distributed via **e-commerce platforms (Amazon, Flipkart, JioMart)** and **specialty health stores**. - **Omnichannel Strategy**: - Direct-to-consumer sales through **www.neateveryday.com**. - Partnerships with **organic retailers, wellness marketplaces, and pharmacy chains** in Tier-1 cities (Mumbai, Delhi NCR, Bangalore, Pune, Hyderabad, Ahmedabad). - International expansion underway, with export opportunities being actively pursued. #### **Product Innovation & Manufacturing Integration** - **Cold-pressed, pharma-grade castor oil** under development for both B2B and B2C markets. - *Neat Everyday* products (e.g., cold-pressed Castor, Mustard, Pistachio, and Walnut oils) are **vertically integrated** and produced at the **Jotana, Gujarat processing unit**, ensuring quality control and supply chain efficiency. - Development of **vegan softgel capsules** (plant-based, gelatin-free) targeting **immunity, omega-3, cardiovascular, and neurological wellness**. #### **Future Growth Plans (as of May 2025)** - Expand into **condition-specific formulations** for skin, joint, and brain health. - Invest in **content-led brand building** and consumer education to strengthen market positioning. --- ### **Manufacturing & Operational Infrastructure** #### **Production Facilities (as of 2025)** MGEL operates **four manufacturing plants** across Gujarat and Rajasthan: | Location | Key Operations | Capacity | |------------------|---------------|---------| | **Bavla, Sanand (Gujarat)** | Wheat & Rice Processing | 150 MT/day wheat, 125 MT/day rice | | **Kapadvanj, Kheda (Gujarat)** | Castor Oil Unit | 500 MT/day castor seeds → 225 MT refined oil, 225 MT de-oiled cake, 50 MT high-protein cake | | | Cotton Ginning Unit | 150 MT/day raw cotton → cotton bales (lint), cotton wash oil, cottonseed cake | | **Bundi, Rajasthan** | Soya & Mustard Oil Refining | Acquired in 2021 to expand footprint beyond Gujarat | - **July 2025**: Acquired **land (19,833 sq. yards)** and assets from Shree Gurukrupa Oil and Foods in **Mehsana, Gujarat**, adding: - An **edible oil refinery & packing unit** (200 MT/day capacity) - An **oilseed crushing plant** (20 MT/day capacity) - Supports future inorganic growth and scale-up plans. --- ### **Core Business Segments & Markets** #### **Edible & Non-Edible Oils** - **Key Products**: - Soya Oil, Mustard Oil, Refined Vegetable Oil, Castor Oil (F.S.G.), Cotton Wash Oil - Used in **confectionery, pharmaceuticals, animal feed (poultry, cattle, fisheries), and industrial applications** - **B2C Brand**: **LAGNAM** launched in April 2022, offering Refined Soyabean Oil, Refined Vegetable Oil, and Pungent Mustard Oil in consumer packs. #### **Cotton & By-Products** - Produces **cotton bales (lint)** for yarn spinning and **black cottonseeds** processed into oil and cake for livestock feed. #### **Export Operations** - Castor oil exported to **China, France, Belgium, Netherlands, Mexico, Thailand, Oman, Turkey**. - Classified as a **2-Star Export House**. - Strategy includes partnering with **local distributors or strategic alliances** per market. #### **Subsidiaries** - **Mangalam Global (Singapore) Pte Ltd**: Wholesaler of **rice, scrap iron & steel, refined castor oil**; supports global trade operations. - **Mangalam Global (UK) Limited**: Non-operational at present. - **Hindprakash Castor Derivatives Pvt Ltd (51.01%)**: Focus on castor-based derivatives. - **Farpoint Enterprise LLP (51%)**: Engaged in domestic trading. --- ### **Financial Highlights (FY2023 – Standalone)** - **Total Income**: ₹12,314.38 crores - **Profit After Tax**: ₹1,189.77 crores - **Revenue by Segment (FY23)**: - Castor Oil: ₹6,094.11 crores (largest contributor) - Cotton Bales: ₹931.67 crores - De-Oiled Cake (DOC): ₹518.72 crores - Others: ₹4,436.43 crores --- ### **Leadership & Governance** - **Promoters**: - Mr. **Vipin Prakash Mangal** (Group Leader) - Mr. **Chanakya Prakash Mangal** (Director, Finance & Operations; oversees subsidiary in Singapore) - Mr. **Chandragupt Prakash Mangal** (Promoter, Joint Managing Director & CEO; 23 years old, CFA Level II, Supply Chain Management graduate from Indiana University) - Leadership emphasizes **fourth-generation family involvement**, operational excellence, and strategic vision.