Section Detail
Company Incorporated in 2018, started its operations in last months of FY 21-22 with
Overview manufacturing of cold pressed juices from Rai manufacturing plant based at Industrial
Food Park, Rai, Sonipat, and trading of fresh fruits from Delhi Azadpur Mandi. Company
has started its operations of trading Bangalore Mandi in FY 24-25.
Business • Manufacturing of cold pressed juices using HPP Technology
Segments HPP stands for High-Pressure Processing, a non-thermal pasteurization method. It
uses extremely high pressure (up to 87,000 psi) to eliminate harmful bacteria and
microorganisms without heat. It Preserves the natural flavor, color, and nutritional
value of juices. HPP Juices are nutrient rich, preservative free with extended shelf life
• Trading of fresh fruits of Indian and foreign origin primarily apples
Promoter’s 1947 – Late Sh Bansi Lal Suri laid the foundation of Suri group amidst bustling energy of
Journey Azadpur Mandi.
1990 –Group established first cold storage and Distribution Centre in Kundli, Haryana.
1998 –Started international journey of importing fruits and initiating controlled
atmosphere trials of storing fruits in cold storage chambers.
2006 –One Group company has entered into JV with Total Produce Co world’s largest
fresh produce company
2013 – Expanded operations in Mumbai and Ahemdabad, Ventured inro export of
grapes to Europe, Asia and UAE.
2016 – Opening of Modern Distribution centers and Controlled Atmosphere facilities.
2020 – Group ventured into retail, directly delivering to small shop owners.
2021 – Started operations in Kolkata.
2022 – Started cold pressed juice manufacturing
2024 – Started operations in Bangalore Mandi
Board Mr. Manav Suri – Managing Director Mr. Siddhaarth Suri - NED
Mr. Sudhir Suri – Chairman Director Mr. Sidhantt Suri – NED
Mr. Hitin Suri - Director
Customers Juices Trading of fresh fruits
Taj Sats Catering Ltd Suri Agro Fresh Pvt Ltd
Blinkit/Zomato, Big Basket, Zepto Zomato Hyperpure Pvt Ltd
Theobrama Foods, Blue Tokai Coffee Reliance Retail Ltd
JW Marriot Hotels, Claridges Hotel Lulu International shopping malls
IKEA India Pvt Ltd Ratnadeep Retails Pvt Ltd
Fresh to Home Naamdhari Agrofresh Pvt Ltd
Chefair Air catering, Narang’s International Samunnati Agro Solutions Pvt Ltd
Smoor Cafes EDS Agro India Pvt ltd
Vatan Se Trading Pty Ltd Others – Whole sellers of fruits
About Business
• HPP Cold pressed Juices
HPP juices are beverages made from fruits and vegetables that have been treated using a method called
High Pressure Processing (HPP). Instead of using heat to pasteurize the juice, HPP uses extremely high
pressure to kill harmful bacteria and extend the juice's shelf life.
High Pressure Processing (HPP) is a non-thermal food preservation method commonly used for
producing HPP juices. The process involves subjecting the juice to high levels of pressure (up to 87,000
psi) to eliminate harmful bacteria, yeasts, Molds, and pathogens without the use of heat. This helps retain
the fresh taste, colour, nutrients, and shelf life of the juice while ensuring food safety.
High pressure processing (HPP) does not affect covalent bonds, meaning the flavor or nutritional
properties of the food remain intact. Overall, HPP juices offer a healthier, more natural alternative to heat-
pasteurized juices, maintaining the juice’s natural nutrients and flavours while extending shelf life.
Company manufactures total 18 flavors of juices and frozen juices and all juices are Not from
concentrate, free from sugar and preservatives: all natural.
How HPP Works:
Cold Pressure: HPP involves putting the juice in a container and then subjecting it to very high
levels of pressure (up to 87,000 psi). This pressure is applied uniformly around the juice, killing
harmful bacteria, viruses, and other pathogens.
No Heat: Unlike pasteurization, which uses heat, HPP uses cold pressure. This is important
because heat can destroy some vitamins, enzymes, and the natural flavour of the juice.
Safe to Drink: HPP effectively kills pathogens like E. coli, Listeria, and Salmonella, making the
juice safe to drink without altering its raw taste and nutrient profile.
• Trading of fruits
Surifresh Extract ltd procures fruits from farmers/growers, traders, and importers. Fruits procured from
importers are those fruits which are not locally available or not available in superior quality due to non
seasonality. Fruits procured from traders are generally sourced by them from multiple farmers/growers
can offer large quantity.
This multi-source procurement approach balances risks, ensures variety, and helps maintain a steady
supply chain for your fruit trading business.
SuriFresh Extract Ltd after procurement sends the procured fruits to Primary Processing & Storage
Centre for sorting and grading and storing in controlled atmosphere chambers.
Imported Fruits: Imported fruits are sorted and graded according to the Standard operating procedures
of SuriFresh Extract Ltd and put available in market for sale immediately.
Indian Fruits: Indian fruits procured are sorted and graded according to the Standard operating
procedures of SuriFresh Extract Ltd. Further Indian fruits are stored in controlled atmosphere chambers
for 6-8 months to maintain their freshness and life of fruits.
Summary of Financial Information
Fig In Rs Lakhs
November 30, June 30, 2024 March 31, March 31, March 31,
Particulars 2024 2024 2023 2022
(Unaudited)
Share Capital 882.06 882.06 856.38 856.38 212.38
Reserve & Surplus 1858.00 1,182.62 615.33 (90.79) (66.53)
Net Worth 2,740.06 2,064.68 1,471.71 765.59 145.85
Revenue from operation 9,922.37 5,616.00 7,722.73 6,138.74 27.73
Profit after Tax 675.38 392.96 706.12 (24.26) (50.11)
EPS Basic and Diluted 0.76 0.45 0.82 -0.06 -0.24
Total borrowings
- Long Term - - - - 233.54
- Short Term 2,502.97* 2,119.51 2,320.57 2,721.54 453.27
*Short term borrowing increased on account of ad hoc limit received from Axis Bank of Rs 400 Lakhs
Summary of Year to date No.s (FY 24-25 Till 30th November 2024)
Fig In Rs Lakhs
Particulars Juices Division Trading of fruits Total
Revenue from Operations 1,092.42 8,829.95 9,922.37
Gross Profit 549.53 1,060.20 1,609.73
GP % 50% 12% 16%
Other Expenses 276.46 185.93 462.39
EBITDA 273.06 874.27 1,147.33
EBITDA % 25% 10% 12%
Interest Paid - - 107.91
Cash Profit/(Loss) 1,039.42
Cash Profit % 10.5%
Depreciation - - 93.52
PBT - - 945.90
PBT % 0.0% 0.0% 9.5%
PAT 675.38
PAT % 0.0% 0.0% 6.8%
Segment Wise Breakup of Revenue
Fig in Rs Lakhs
S. Particulars Novembe % wise June 30, % wise March % wise March % wise Marc % wise
N r 30, 2024 revenue 2024 revenue 31, 2024 revenue 31, 2023 revenue h 31, revenue
o. (UnAud.) (Aud.) (Aud.) 2022
1 Cold Pressed 1,092.42 11.01% 446.81 7.96% 1,144.28 14.82% 688.03 11.23% 27.56 100.00%
Juices
2 Trading of 8,829.95 88.99% 5,169.19 92.04% 6,578.45 85.18% 5,436.21 88.77% - -
fresh fruits
Total 9,922.37 100% 5,616.00 100.00% 7,722.73 100.00% 6,124.24 100.00% 27.56 100.00%
Revenue breakup between related and non-related parties
Fig in Rs Lakhs
S. Particul Novemb % wise June 30, % wise March % wise March % wise March % wise
No. ars er 30, revenue 2024 revenue 31, 2024 revenue 31, 2023 revenue 31, revenue
2024 2022
(Unaudit
ed)
1 Revenue- 4813.43 48.51% 3,885.35 69.18% 6,518.67 84.41% 3,288.37 53.57% - -
Related
Parties
2 Revenue- 5108.94 51.49% 1,730.65 30.82% 1,204.06 15.59% 2,850.37 46.43% 27.56 100.00%
Non
Related
Parties
Total 9922.37 100% 5,616.00 100.00% 7,722.73 100.00% 6,138.74 100.00% 27.56 100.00
Revenue %
Revenue on monthly basis of cold pressed juices division
Fig in Rs Lakhs
FY 24-25
Till 30th FY 2022-
November Litres Sold FY 23-24 Litres Sold (In 23 Litres Sold (In
Particulars (Unaudited) (In Ltrs) (Audited) Ltrs) Audited) Ltrs)
April 142.76 51657 95.49 37,342 27.73 11,546
May 168.35 64749 101.63 38,941 56.23 19,504
June 135.70 49908 97.38 37,027 47.87 19,866
July 123.50 42426 72.83 26,221 55.78 23,616
August 136.43 50339 90.80 34,247 46.51 18,360
September 132.99 46721 96.27 34,908 56.63 22,874
October 127.12 45056 89.04 30,606 56.92 21,937
November 125.57 45168 101.41 34,307 55.37 54,587
December - 96.58 34,696 59.31 24,144
January - 91.20 31,085 86.28 34,392
February - 91.67 31,625 61.10 22,373
March - 119.97 42,363 78.31 30,471
Grand Total 1,092.42 3,96,024 1,144.28 4,13,367 688.03 3,03,669
Avg sale per litre
(In Rs) 276 277 227
Production Capacity of Juice Plant
HPP Machine (Hiperbaric 55)
Cycle Time In Ltr % Contribution
Number of Bottles (200ml) 108 21.6 65%
Number of Bottles (250ml) 84 21 3%
Number of Bottles (1000ml) 24 24 32%
Weighted Average (Ltr) 22.4
Cycle Time (min), Average 10.1
Number of Cycle per Hour 5.9
HPP Operation per Day (Hour)
4 Hrs per Day for Cleaning 20
HPP operation per Week (Days)
1 Day per Week for Maintenance 6
HPP Operation per Year (Days) 308
Total Capacity per Day (Ltr) 2,655
Total Capacity per Year (Ltr) 8,17,877
Total Capacity per Month (Ltr) 68,156
Shareholding Pattern
Particulars No. of shares (FV Rs 1/- per share) % of shareholding
Promoter & Promoter Group 8,56,38,212 97.09%
Public 25,67,389 2.91%
Total 8,82,05,601 100%
Banking Facilities
Particulars Details
Axis Bank Secured Working capital facility of Rs 2000 Lakhs bearing interest rate @9.10% and ad hoc
limit of Rs 400 Lakhs received on 7th November 2024.
Serving Locations
Particulars Address
Registered Office C-129, New Subzi Mandi, Azadpur, Delhi – 110033
Manufacturing Facility (Juices) Plot No. 576, HSIIDC, Food Park, Industrial Estate Rai, Sonipat, Haryana –
131029
Sales office Sy. No. 99, Khajisonenahalli Village, Whitefield Hoskote Highway,
Bangalore- 560115
Geography Wise Revenue Split
Fig In Rs Lakhs
State November 30, June 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
2024 (Aud.) (Aud.) (Aud.) (Aud.)
(UnAud.)
Domestic Revenue Breakup
Delhi 4,874.75 3,799.91 6,950.37 4,074.87 12.01
Haryana 67.63 32.56 93.99 54.64 -
Himachal
- - - 2.03 -
Pradesh
Gujarat 0.10 - - 0.11 -
Telangana 64.99 29.24 84.02 68.24 -
Karnataka 4,412.83 1,549.87 162.93 677.69 10.01
Kerala 29.07 12.2 6.12 - -
Maharashtra 334.09 131.49 353.4 1,047.23 -
Tamil Nadu 25.11 12.59 12.58 - -
Punjab - - - 0.84 -
Uttar Pradesh 60.86 29.38 33.85 26.01 -
West Bengal 26.23 7.82 11.92 120.8 -
Rajasthan - - - 40.00 -
Goa 0.49 - - - -
Assam
0.19 - - -
-
International Revenue Breakup
Dubai
25.97 10.94 - -
-
Singapore - - 13.57 11.78 -
Total 9,922.37 5,616.00 7,722.74 6,124.24 27.56
Fruit family (wholesale trading of fresh fruits)
Type of fruits Origin
Belgium, Brazil, Chile, Indian Himachal Pradesh, Kashmir, New Zealand, Poland,
Apple South Africa, Turkey, USA
Kiwi Greece, Indian Italy, New Zealand
Orange Egypt, Indian (Maharashtra), South Africa
Pear South Africa, Indian
Grapes China, USA
Dragon Fruit Vietnam
Dates Africa, UAE
Mandarin China
Plum China
Blueberry Peru
Mango Indian
Tamarind Thailand
Peach Indian
Projections: Fig in Rs Lakhs
Profit & Loss 31.03.2022 31.03.2023 31.03.2024 30.06.2024 31.03.2025 31.03.2026
Revenues 27.56 6,138.74 7,722.73 5,616.00 13,000.00 19,500.00
Other Income 0.17 54.77 112.70 4.34 100.00 125.00
Total Income 27.73 6,193.51 7,835.43 5,620.34 13,100.00 19,625.00
Cost of goods
sold 17.30 4,840.32 5,711.08 4,752.81 9,343.00 14,397.50
Employee
Expenses 4.57 175.06 204.86 55.05 650.00 750.00
Other Expenses 36.32 958.11 666.03 225.49 1,000.00 1,500.00
-
EBITDA 30.46 220.02 1,253.46 586.99 2,107.00 2,977.50
Less:
Depreciation 20.91 135.34 126.82 28.21 125.21 287.12
-
EBIT 51.37 84.68 1,126.64 558.78 1,981.79 2,690.38
Interest 4.00 134.16 204.05 41.99 225.00 325.00
- -
PBT 55.37 49.48 922.59 516.79 1,756.79 2,365.38
- -
Taxes 5.26 25.22 216.47 123.83 502.44 676.50
Profit After - -
Tax 50.11 24.26 706.12 392.96 1,254.35 1,688.88
EBITA Margin -109.84%* 3.55% 16.00% 10.44% 16.08% 15.17%
PAT Margin -180.71%* -0.39% 9.01% 6.99% 9.58% 8.61%
*EBITDA Margin & PAT margin for the period of FY 21-22 should be ignored as the company started its operations in
February 2022 and revenue of 27.56 Lacs pertains to juice division.
