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== History ==
== History ==
Established in 1977 by [[Rajni Bector]] and headquartered in [[Ludhiana]], [[Punjab, India|Punjab]], the company manufactures and markets various types of [[biscuit]]s, including [[cookie]]s, [[cream]]s, [[Cracker (food)|crackers]], digestives, and glucose, under its flagship brand 'Mrs. Bector's Cremica.<ref>{{Cite web |last=www.ETHospitalityWorld.com |title=Businesses that work with Cremica do better: Akshay Bector - ET HospitalityWorld |url=https://hospitality.economictimes.indiatimes.com/news/operations/food-and-beverages/businesses-that-work-with-cremica-do-better-akshay-bector/96587952 |access-date= |website=ETHospitalityWorld.com |language=en}}</ref> Additionally, its products are also manufactured and marketed under the brand name 'English Oven.'<ref>{{Cite news |last=Kumar |first=Shivendra |date=2023-04-20 |title=Momentum Pick: 95% returns in 1 year, Mrs Bectors shares poised for another 10-27% upside |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/momentum-pick-95-returns-in-1-year-mrs-bectors-shares-poised-for-another-10-27-upside/articleshow/99635651.cms?from=mdr |access-date= |issn=0013-0389}}</ref><ref>{{Cite web |last=Bhosale |first=Kaustubh |date=2023-07-30 |title=Stocks to watch: These small-cap stocks will be in focus for tomorrow! |url=https://www.livemint.com/market/stock-market-news/stocks-to-watch-these-small-cap-stocks-will-be-in-focus-for-tomorrow-11690724206009.html |access-date= |website=mint |language=en}}</ref> The company exports its products to 60 countries.<ref>{{Cite web |date=2020-12-18 |title=Meet the woman behind IPO star Mrs Bectors Food Specialities |url=https://www.moneycontrol.com/news/business/ipo/meet-the-woman-behind-ipo-star-mrs-bectors-food-specialities-6243701.html |access-date= |website=Moneycontrol |language=en}}</ref>
Established in 1977 by [[Rajni Bector]] and headquartered in [[Ludhiana]], [[Punjab, India|Punjab]], the company manufactures and markets various types of [[biscuit]]s, including [[cookie]]s, [[cream]]s, [[Cracker (food)|crackers]], digestives, and glucose, under its flagship brand 'Mrs. Bector's Cremica.<ref>{{Cite web |last=www.ETHospitalityWorld.com |title=Businesses that work with Cremica do better: Akshay Bector - ET HospitalityWorld |url=https://hospitality.economictimes.indiatimes.com/news/operations/food-and-beverages/businesses-that-work-with-cremica-do-better-akshay-bector/96587952 |access-date= |website=ETHospitalityWorld.com |language=en}}</ref><ref name=":0">{{Cite web |date=2020-12-14 |title=Mrs Bectors Food IPO opens Tuesday, grey market premium surges 70%; should you subscribe? |url=https://www.financialexpress.com/market/ipo-news-mrs-bectors-food-specialities-ipo-subscription-burger-king-mcdonalds-pvr-initial-public-offer-grey-market-premium-english-oven-cremica-2149440/ |access-date=2023-12-20 |website=Financialexpress |language=en}}</ref> Additionally, its products are also manufactured and marketed under the brand name 'English Oven.'<ref>{{Cite news |last=Kumar |first=Shivendra |date=2023-04-20 |title=Momentum Pick: 95% returns in 1 year, Mrs Bectors shares poised for another 10-27% upside |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/momentum-pick-95-returns-in-1-year-mrs-bectors-shares-poised-for-another-10-27-upside/articleshow/99635651.cms?from=mdr |access-date= |issn=0013-0389}}</ref><ref>{{Cite web |last=Bhosale |first=Kaustubh |date=2023-07-30 |title=Stocks to watch: These small-cap stocks will be in focus for tomorrow! |url=https://www.livemint.com/market/stock-market-news/stocks-to-watch-these-small-cap-stocks-will-be-in-focus-for-tomorrow-11690724206009.html |access-date= |website=mint |language=en}}</ref><ref name=":0">{{Cite web |date=2020-12-14 |title=Mrs Bectors Food IPO opens Tuesday, grey market premium surges 70%; should you subscribe? |url=https://www.financialexpress.com/market/ipo-news-mrs-bectors-food-specialities-ipo-subscription-burger-king-mcdonalds-pvr-initial-public-offer-grey-market-premium-english-oven-cremica-2149440/ |access-date=2023-12-20 |website=Financialexpress |language=en}}</ref>

The company exports its products to 60 countries.<ref>{{Cite web |date=2020-12-18 |title=Meet the woman behind IPO star Mrs Bectors Food Specialities |url=https://www.moneycontrol.com/news/business/ipo/meet-the-woman-behind-ipo-star-mrs-bectors-food-specialities-6243701.html |access-date= |website=Moneycontrol |language=en}}</ref> It also supplies Indian government entities such as Indian Railways and government canteens, and has supply relationships with multinational fast food companies like McDonald's, Subway and Yum Brands.<ref>{{Cite web |last=Jaiswar |first=Pooja Sitaram |date=2022-11-23 |title=This smallcap stock hits fresh 52-week high. Should you buy more? |url=https://www.livemint.com/market/stock-market-news/this-smallcap-stock-hits-fresh-52-week-high-should-you-buy-more-11669192997230.html |access-date=2023-12-20 |website=mint |language=en}}</ref>

In 2006 Goldman Sachs invested in the company, but sold its stake in 2010 to a private equity firm.<ref>{{Cite news |last=Balakrishnan |first=Reghu |date=2023-09-12 |title=Mrs. Bector's Food to sell its biscuit business |work=Business Standard |url=https://www.business-standard.com/article/companies/mrs-bector-s-food-to-sell-its-biscuit-business-113091100747_1.html}}</ref> The company listed on the [[National Stock Exchange of India]] in December 2020.<ref name=":0">{{Cite web |date=2020-12-14 |title=Mrs Bectors Food IPO opens Tuesday, grey market premium surges 70%; should you subscribe? |url=https://www.financialexpress.com/market/ipo-news-mrs-bectors-food-specialities-ipo-subscription-burger-king-mcdonalds-pvr-initial-public-offer-grey-market-premium-english-oven-cremica-2149440/ |access-date=2023-12-20 |website=Financialexpress |language=en}}</ref>


== Controversy ==
== Controversy ==

Revision as of 03:12, 20 December 2023

Mrs. Bectors Food Specialties Limited
Company typePublic
BSE: 543253
NSE: BECTORFOOD
Founded1977
FounderRajni Bector
HeadquartersLudhiana, Punjab
RevenueIncrease₹414.5 crore (2023)[1]
SubsidiariesMrs. Bectors English Oven Limited
Websitebectorfoods.com

Mrs. Bectors Food Specialties Limited is an Indian multinational fast-moving consumer goods (FMCG) company.[2][3]

History

Established in 1977 by Rajni Bector and headquartered in Ludhiana, Punjab, the company manufactures and markets various types of biscuits, including cookies, creams, crackers, digestives, and glucose, under its flagship brand 'Mrs. Bector's Cremica.[4][5] Additionally, its products are also manufactured and marketed under the brand name 'English Oven.'[6][7][5]

The company exports its products to 60 countries.[8] It also supplies Indian government entities such as Indian Railways and government canteens, and has supply relationships with multinational fast food companies like McDonald's, Subway and Yum Brands.[9]

In 2006 Goldman Sachs invested in the company, but sold its stake in 2010 to a private equity firm.[10] The company listed on the National Stock Exchange of India in December 2020.[5]

Controversy

On October 17, 2023, the Income Tax Department conducted a raid on the premises of Mrs. Bector’s Food Specialities. According to The Times of India, officials from the Income Tax (IT) department reported the seizure of various incriminating documents during the raid. Additionally, bank lockers and accounts associated with the entities under investigation were also seized.[11][12]

References

  1. ^ "Mrs. Bectors Food Specialities Q2 results: Net profit jumps 70% to Rs 37.28 crore, revenue up 19.3%". Moneycontrol. 2023-11-10. Retrieved 2023-12-18.
  2. ^ "Mrs Bector's Food: From Rs 300 home kitchen to Rs 1,000 crore company". The Times of India. 2020-12-18. ISSN 0971-8257. Retrieved 2023-12-18.
  3. ^ "BECTORFOOD Stock Report - BECTORFOOD Stock Insights, BECTORFOOD Stock Analysis and details". The Economic Times. Retrieved 2023-12-18.
  4. ^ www.ETHospitalityWorld.com. "Businesses that work with Cremica do better: Akshay Bector - ET HospitalityWorld". ETHospitalityWorld.com.
  5. ^ a b c "Mrs Bectors Food IPO opens Tuesday, grey market premium surges 70%; should you subscribe?". Financialexpress. 2020-12-14. Retrieved 2023-12-20.
  6. ^ Kumar, Shivendra (2023-04-20). "Momentum Pick: 95% returns in 1 year, Mrs Bectors shares poised for another 10-27% upside". The Economic Times. ISSN 0013-0389.
  7. ^ Bhosale, Kaustubh (2023-07-30). "Stocks to watch: These small-cap stocks will be in focus for tomorrow!". mint.
  8. ^ "Meet the woman behind IPO star Mrs Bectors Food Specialities". Moneycontrol. 2020-12-18.
  9. ^ Jaiswar, Pooja Sitaram (2022-11-23). "This smallcap stock hits fresh 52-week high. Should you buy more?". mint. Retrieved 2023-12-20.
  10. ^ Balakrishnan, Reghu (2023-09-12). "Mrs. Bector's Food to sell its biscuit business". Business Standard.
  11. ^ "I-T raid on city's leading business groups ends". The Times of India. 2023-10-22. ISSN 0971-8257. Retrieved 2023-12-18.
  12. ^ "I-T raids continue on Trident, Bectors Food groups in Ludhiana". The Tribune. October 18, 2023.
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