L T Foods Ltd
L T Foods Ltd Company History
LT Foods is primarily in the business of milling, processing and marketing of branded and non-branded basmati rice and manufacturing of rice food products in the domestic and overseas market. LT Foods Limited operations include procurement, storage, processing, packaging and distribution. LT Foods Limited is also engaged in research and development to add value to rice and rice food products. The Company’s rice product portfolio comprises brown rice, white rice, steamed rice, parboiled rice, organic rice, quick cooking rice, value added rice and flavored rice in the ready to cook segment.
2007
LT Overseas Ltd has signed a MOU with Madhya Pradesh State Industrial Corporation Ltd Corporation, Bhopal.
LT Overseas Ltd has signed a Shareholders Agreement on June 10, 2007 with LT Overseas North America (LTO NA) - a Company incorporated under the Laws of Ontario. The Company will be holding 55.26% shares in LTO NA and in pursuance of the same LTO NA will become a subsidiary of the Company.
2007
2008
Company name has been changed from LT Overseas Ltd to LT Foods Ltd.
2008
2010
LT Foods Limited has informed regarding the outcome of Board Meeting which are as follows (1) Appointment of Ms. Radha Singh as Independent Director of the Company w.e.f. January 29, 2010; (2) Appointment of Mr. Suneet Gupta as Alternate Director of Mr. Rajesh Kumar Srivastava, Nominee Director of the Company.
Registered Office of the Company has been shifted from A-21, Green Park, New Delhi - 110016 to Unit No. 134, First Floor, Rectangle - 1, Saket District Centre, New Delhi -110017
2010
2011
Mr. Anil Khandelwal has been appointed as the Chief Financial Officer of the Company designated as Director - Finance & Strategy.
Mr. Ashwani Kumar Arora, Joint Managing Director of the Company has been designated as Chief Executive Officer of the Company.
2011
2012
Acquisition of M/s. Rice N Spice International and A & A International Ltd as contemplated by the Company.
"Future Ventures enters into Co-operation agreement with LT Group".
2012
2013
LT Foods Ltd has approved of final dividend of Rs. 2/- per share for the year.
The Board of Directors of the Company appointed Mr. Surender Kumar Tuteja as Additional Director of the Company.
2013
2014
LT Foods Ltd has informed that the Corporate Office of the Company will be relocated.
LT Foods Ltd has approved of final dividend of Rs. 2.25/- per share for the year.
2014
2016
"Proposed collaboration between LT Foods Limited & DSM Nutritional Products to venture into new nutritional products".
LT Foods has entered into an MOU with Future group to set up a joint venture to undertake the business of sourcing, manufacturing, marketing, sales, and distribution of regional rice like sona masoori rice/ south Indian rice.
"LT Foods acquires Branded Rice Business of Hindustan Unilever focused in the Middle East Market".
LT Foods has acquired iconic brand 817 Elephant brand of rice through its UK subsidiary LT Foods International Ltd. to further strengthen its existing presence in Canada, USA and Israel.
LT Foods Ltd Completion of acquisition of Gold Seal Indus Valley and Rozana brand.
"A Global Rice Specialist Company LT Foods to open a branch in Rotterdam".
'LT Foods to enter into a JV with Japanese Snack Food major KAMEDA'.
LT Foods has incorporated a subsidiary named as "LT Foods International Limited" in United Kingdom for strengthening its presence in Europe.
2016
2017
LT Foods, an emerging global food company has said that it has extended its strategy for the critical European market, including UK by launching the new avatar of their leading brand âDaawatâ.
LT Foods, a global Indian Food brand with presence in more than 65 countries, today announced the launch of premium rice based snacks brand âKari Kariâ in India.
2017
2018
LT Foods approves equity funding from Rabobankâs India into NBFL
LT Foods expands its global footprint further with a new rice processing plant in Europe at Rotterdam, Netherlands
2018
2019
Launched new product variants like ready to heat food, saute sauces, Daawat Sehat and Kari Kari
Marquee investors join with a successful QIP of Rs. 400 cr.
Acquired 'Godl Seal Indus Valley' " Rozana" 817 Elephant Brands
Launched our own organic brand 'Ecolife' to srengthen our position in North Americal , Middle East
2019
2020
LT Foods Ltd announced its venture into around Rs 1,000 crore Indian premium and healthy snacks segment, which is still at nascent stage, with the launch of 'Kari Kari' in the domestic market.Kari Kari is a crunchy, light, healthy and premium rice snack.
LT Foods to enter into a JV with Japanese Snack Food major KAMEDA
LT Foods wins ÂSignificant Achievement Certificate Awarded by CII and Food Future Foundation
2020
2022
LT Foods Expands its Premium Rice-based Snacks Brand Kari Kari to Australia and UAE.
LT FoodsÂs Organic Subsidiary Inaugurates its Cutting-Edge Food Processing Plant at Rotterdam, the Netherlands.
2022
2023
LT Foods has launched ÂDaawat Biryani Champions League.
LT Foods enter into a Strategic Partnership with Saudi Agricultural and Livestock Investment Company.
LT Foods has launched ' 'Daawat Biryani' kit in three regional variant for india.
2023
