Ajooni Biotech Ltd launches pilot project in Rajasthan for exploring potential in MORINGA farming

Mumbai (Maharashtra) [India], June 1: Ajooni Biotech Ltd – One of the leading companies in animal healthcare solutions and animal feed supplements has taken the lead in exploring the potential in Moringa farming in Rajasthan. The company has launched a pilot project for the same and is confident of achieving benefits, including a rise in farmer income, a reduction in global warming, and an increase in animal productivity, among others. For the Quarter ended March 2023, the company reported net sales of Rs. 41.26 crore, a 101% rise YoY from sales of Rs. 20.51 crore in Q4FY22. Net profit during Q4FY23 was reported at Rs. 54 lahks.

The company has started the pilot project of Moringa farming on 5,000 acres in Rajasthan, and over a period of three years, it is expected to reduce Co2 emissions by over 1 lakh tons. The company has plans to take the project on a very large scale in the state over a period of the next 10 years.

The company expects the project to be a win-win for all the stakeholders. Moringa has the potential to double the farmer’s income over a period of time. Biodiesel made from Moringa, an intercrop of Camelina Oil and sustainable aviation fuel from Camelina, will help bring energy security and lesser outgo of foreign exchange. The initiative has the potential to attract high-value industries to the state – of Rajasthan through the availability of feed-stock in the following five industries 1) Biodiesel, 2) Sustainable Aviation fuel, 3)Torrified Renewable Coal, 4) Animal Feed, 5) Pharma products.

Established in the year 2010, Ajooni Biotech Ltd has emerged as one of the leading animal healthcare solutions companies dedicated to improving the productivity of Dairy farmers and sustainably increasing livestock yields. The company offers a wide range of products, including Quality Cattle feed, Cattle feed Chips, Camel Feed, Cotton Oil Cake, Mustard Oil Cake and a wide range of Feed supplements to cover the entire life cycle of an animal.

The company has two state-of-the-art manufacturing facilities with a cumulative Animal feed production capacity of 1,60,000 MTPA and a liquid supplements capacity of 30 lakh Litres per annum. The company is currently working with more than 10,000 farmer families in seven states of Northern India and plans to grow nationally. Ajooni is also ISO and GMP-certified company, manufacturing ISI mark Cattle Feed.

In December 2022, the company successfully completed its Rs. 29.01 crore rights issue. The funds raised through the issue will be utilised to meet the working capital requirements to fund the company’s expansion plans, entering new geographies and for general corporate purposes.

Ajooni Biotech Ltd has become the first Indian Animal Feed manufacturing company to get ZED certification (Zero Effect Zero Defect) from the Ministry of Micro, Small & Medium Enterprises, Govt of India. The Company is Registered with the Department of Dairy Development, Govt of Punjab (India) and is India’s first GMP certified Cattle feed company with ISO 9001:2015. The company is registered with the Bureau of Indian Standards (BIS) and manufactures ISI Mark Animal feed. The Company is among the main suppliers to leading companies like IFFCO Kisan, Mother Dairy, Paras Dairy & Saahaj Dairy.

With an objective to expand AJOONI Brand in global markets, the company has executed its first export order for the supply of Ajooni Cattle feed to Nepal after successful field trials in a hilly country. The company has developed a unique product suitable to the specific feed requirements of animal species of the semi-hilly areas of Nepal; Bhutan to achieve optimal nutrition, gut health and pathogen control of livestock while maximizing the profitability of Dairy farmers in these countries. The company is also exploring all the possibilities to penetrate its marketing network to international markets of African Continent, South Asia and Middle East markets. You are requested to take the above information on record.

For FY 23, Company reported sales of Rs. 74.5 crore and Net profit of Rs. 1.12 crore. The company has achieved a strong CAGR of 23% in Sales and 45% in Net Profit during the last 3. Company came up with it’s IPO on NSE Emerge platform in December 2017 & migrated to the main board of NSE in May 2022.