Freshara Agro Exports Ltd – Company Report
1. Company Overview
Freshara Agro Exports Ltd, established in 2015 and headquartered in Chennai, Tamil Nadu, is a leading Indian company engaged in the procurement, processing, and export of preserved gherkins and other pickled vegetables. Originally operating as Freshara Picklz Exports, the company was converted into a public limited company in November 2023 and is now listed on NSE Emerge (since October 2024). With a strong international presence, Freshara exports to over 40 countries, including Europe, North America, Russia, and Australia.
The company operates two advanced processing facilities in Tirupattur district, Tamil Nadu, which collectively offer a daily capacity of 75–100 MT and have embraced modern packaging technologies. Freshara maintains rigorous quality standards, holding certifications such as FSSAI, FDA, IFS, BRCGS, Star-K Kosher, and APEDA. The company has been recognized as a 100% Export House by the Ministry of Commerce & Industry, Government of India, and supports over 4,000 farmers through direct contract-farming initiatives. Notably, Freshara has received several awards for export excellence, including FIEO MSME Exporter Awards, MEPZ, ASSOCHAM, and Tamil Nadu State MSME awards.
- Incorporated: 2015; public limited since Nov 2023
- Headquarters: Chennai, Tamil Nadu, India
- Processing Units: 2 (Tirupattur district, Tamil Nadu)
- Employees: ~50
- Certifications: FSSAI, FDA, IFS, BRCGS, Star-K Kosher, APEDA
- Export Presence: 40+ countries
- Stock Listing: NSE Emerge (since Oct 2024)
- Recognition: 100% Export House, numerous export awards
2. Products and Services
Freshara Agro Exports is a major producer and exporter of pickled products, serving global markets with an extensive product range:
Key Products:
- Gherkins (primary export, 85%+ of revenue in FY24)
- Baby Corns
- Banderilla (mixed pickled vegetables on skewers)
- Jalapenos, Chilies, Bell Peppers, Mixed Vegetables
Packaging Formats:
- Industrial packaging (food-grade drums, pails for direct export)
- Food service (buckets, tin cans)
- Retail (glass jars, tin cans, private label under “Freshara Picklz”)
Business Model:
- 70% of output is semi-processed (“not ready-to-eat”) for further processing by global food companies
- 30% supplied to food brokers, traders, and retail channels
Sourcing & Sustainability:
- Direct contract farming with over 4,000 small and marginal farmers across Tamil Nadu, Karnataka, and Andhra Pradesh
- Supplies seeds, provides upfront buy-back agreements, and ensures traceable, sustainable sourcing
Value-Added Capacity:
- Adoption of vacuum packing and dehydration technologies
- Continuous investment in packaging and food safety
3. Recent News & Financial Performance
Business Developments
- In 2024–25, Freshara operationalized its second world-class facility, expanding daily production and packaging capacity. Backed by a ₹35–40 crore investment, both industrial and retail lines are now active, supporting initial outputs to new export destinations.
- Recognized for rapid scaling and capacity utilization (~85.5% as of Sep 2024).
- Enhanced packaging technology and expanded farmer network have driven supply chain resilience, clean-label positioning, and export growth.
4. Financial Performance (FY2025)
| Metric | FY2025 Value | YoY Growth |
|---|---|---|
| Total Revenue | ₹260.68 crore | 255.8% (vs ₹73.25 Cr in FY24) |
| EBITDA | ₹45.82 crore | — |
| Net Profit (PAT) | ₹28.79 crore | 188.8% (vs ₹9.97 Cr in FY24) |
| EPS | ₹14.61 | — |
| Dividend | Not declared | — |