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What is shareholding pattern? Who are shareholders?
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What are dividends?
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A 100% export-oriented unit, Ready Foods is promoted by an NRI entrepreneur, T V Raja Reddy. The company's main activity is processing vegetables, fruits and Indian food delicacies and exporting them. The processing plant is located at Madanapalli in Chittoor district of Andhra Pradesh. It has an installed capacity to process 24,000 tonnes of vegetables and fruits and 6000 tonnes of Indian food delicacies. The state-of-the-art imported plant with German technology has been put up and commissioned by turnkey contractors Rheinhold & Mahala, Germany. Its cold storage facility at Madras Port is coming up. Since the processed food industry is consumer-driven, marketing plays an important role and it becomes more difficult when the market is abroad. The overseas operations are managed well by the promoter Raja Reddy who has considerable business interests in Germany and has 14 valuable years of direct experience in this line of activity.