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Nutrifresh: A tale of finance professionals turning agripreneurs


Nutrifresh: A tale of finance professionals turning agripreneurs
Nutrifresh’s founders Sanket Mehta and Ganesh Nikam started off their entrepreneurial journey in agriculture with water-guzzling crop sugar cane, then ventured into floriculture and now are growing veggies in Satara region using hydroponics system (reduces water usage).
The duo initially invested Rs 10 lakh in three acres of sugarcane cultivation in 2015. In 2021, the group’s turnover is above Rs 35 crore. Today, Nutrifresh has a land for floriculture and invested in 10 acres of land for hydroponics. The complete 10 -acre set up of hydroponic is based on internet of things (IOT), and automated.
But what worked for the duo… ....

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Venkys (India) rallies 10%, hits 52-week high post Q4 results


Shares of Venky’s (India) hit a 52-week high of Rs 1,968.60 after rallying 10 per cent on the BSE in intra-day trade on Wednesday after the company reported a standalone net profit of Rs 77.90 crore for the quarter ended March 2021 (Q4FY21). It had posted a net loss of Rs 96.73 crore in the year-ago quarter. On a sequential basis, the net profit was down 27 per cent from Rs 106.50 crore as the company witnessed some negative impact due to outbreak of bird flu.
The company’s revenue from operations grew 42 per cent to Rs 941.35 crore from Rs 660.86 crore in the corresponding quarter of previous fiscal. It reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of Rs 111.17 crore against a loss of Rs 117.53 crore. ....

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