Papadmalji Agro Foods Limited IPO

Company Name: Papadmalji Agro Foods Limited

Industry / Sector: Food Processing / Papad & Ready-to-Fry Snacks Manufacturing

Founded Year: December 2017

Promoters: Jai Agarwal, Premlata Agarwal, Aanya Agarwal

Papadmalji Agro Foods Limited is engaged in the manufacturing and marketing of papads and related food products. The Company manufactures a range of products including hand-made papads, machine-made papads, machine-made ready-to-fry papads, rice papads (Khichiya), vrat-special papads and moongodi. It also undertakes white-label manufacturing of hand-made papads for clients and trades in cereal pellets under its own brand. The Company combines traditional hand-made production with semi-automated and automated machinery for dough preparation, sheeting, rolling, cutting, drying and packaging. Its products are marketed under the brands Zhakaas, Vishal, Rozana, Diamond and Papadmalji. The Company operates through two FSSAI-licensed manufacturing units in Bikaner, Rajasthan, with its Gharsisar unit also certified under ISO 22000:2018. Hand-made papads are produced through the Batara–Batari model. The Company sources key raw materials such as urad dal, moong dal, spices and edible oils primarily from domestic markets in Rajasthan. Its products are distributed through general trade, modern trade, quick-commerce platforms and its direct-to-consumer website. The Company has a pan-India distribution network and had a presence across 21 states and 3 Union Territories as of March 31, 2026. Since 2018, the Company has also been supported by an equity investment from India Customer Insight Fund. As of March 31, 2026, the Company had a total workforce of 118 employees.