Freshara Agro Exports Limited IPO

Freshara Agro Exports Limited, previously known as Freshara Picklz Exports, is a company founded in 2015 that procures, processes, and exports preserved Gherkins and other pickled goods from India to different countries across the globe.

Under the contract farming program, it exports raw produce from the farmers in the States of Tamil Nadu, Karnataka, and some parts of Andhra Pradesh. The percentage of raw produce that cannot be consumed fresh amounts to 70%. Most of it directly reaches factories that process further, and changes to ready-to-use products. Meanwhile, a balance of 30% is given directly to the international market of food brokers and traders. Some of the main items are pickled gherkin, baby corn, jalapenos, and pickled vegetables among others.

As of March 31, 2024, the company manufactures and exports pickled vegetables in 3 categories of packaging. Details of the 3 categories of packaging: 1) Industrial packaging in food grade drums and pails; 2) Food packaging in plastic buckets and tin cans; and 3) Retail packaging in glass jars and tin cans.

The company is approved by several influential organizations, like the Food Safety and Standards Authority of India, United States Food & Drug Administration, Star-K Kosher, Agricultural and Processed Food Products Export Development Authority (APEDA), International Featured Standards, and Brand Reputation through Compliance Global Standard (BRCGS).

As on September 30, 2024, there were 135 employees in total.