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Amrit Corp, formerly known as Amrit Banaspati Company, is the flagship holding company of the Amrit Group. Amrit Corp. is a public limited company listed on the stock exchanges at Mumbai and Kanpur. Starting off in the year 1940, Amrit Corp. set up various businesses including edible oils, writing and printing paper, dairy milk and milk products, real estate and services to emerge as a diversified conglomerate. Amrit Corp. has come a long way since its incorporation in 1940.
Amrit Corp. undertook a major initiative to restructure its business portfolio. As a part of long term business plan and growth strategy, a restructuring scheme was formulated, which has been duly sanctioned by all concerned including the shareholders, creditors and the Honarable High Courts at Allahabad, Delhi and Chandigarh. The scheme came into force on 23rd June, 2007. In terms of the restructuring scheme, the paper business together with the assets and liabilities has been demerged into a separate Company, ABC Paper, while edible oils and FMCG commodities business together with the assets and liabilities has been demerged and consolidated with Amrit Enterprises (now renamed as Amrit Banaspati Company).
Milestones:
Division:
1. Amrit Food
Amrit Food is a division of Amrit Corp. It was established in the year 1991, and is recognized as one of the leading producers of UHT Milk, Premium range of flavoured Milks, Pasteurized Milk, UHT Toned Milk, Double Toned Milk and otherMilk Products. Our enviroment friendly plant is sprawled over an area of about 20,000sq mtrs.
2. Realestate division
Amrit Corp. has developed a modern and premium township called “Gagan Enclave” in the Ghaziabad City. The total area of this residential township is 77,649 sq.yds which is duly approved by the Government. of U.P. and the Ghaziabad Development Authority. The uniqueness of this township is its high quality internal infrastructure i.e. sewerage, water-supply and rain-water harvesting systems, wide roads, green parks, high rise boundary wall and security system. The internal infrastructure is complete.
Business areas of the company:
Amrit Corp. engages in the production and marketing of dairy milk and milk products in India. Its products include dairy milk, flavored milk, pasteurized milk, toned milk, dairy mixes, and other milk products. The company also involves in real estate business, which includes the development of residential townships, commercial spaces, and group housing complexes. In addition, it offers corporate and strategic advisory services comprising strategic consulting, fund raising and project financing, market intelligence and project feasibility, budgetary planning and appraisal, and performance reviews; and business process outsourcing services, such as legal and secretarial support, tax administration, accounting support, PF/gratuity fund support, and internal control review.
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