Shanti Overseas (India) was originally formed as a partnership firm under the Partnership Act in the name of ‘Shanti Overseas’, pursuant to a deed of partnership dated November 15, 2004. ‘Shanti Overseas’ was thereafter converted from a partnership firm to a private limited company under Part IX of the Companies Act, 1956 with the name of ‘Shanti Overseas (India) Private Limited’ and received a certificate of incorporation from the Registrar of Companies, Madhya Pradesh and Chhattisgarh on April 18, 2011. Subsequently the Company was converted into a public limited company pursuant to special resolution dated January 10, 2017 and fresh Certificate of Incorporation dated January 20, 2017 issued by the Registrar of Companies, Gwalior and the name of the Company was changed to ‘Shanti Overseas (India) Limited’.
The Company was incorporated in 2011 by conversion of a partnership firm ‘Shanti Overseas’ for mainly carrying out the trading business of agri-commodities. Presently, they are engaged in manufacturing of soya products which includes, soya de-oiled cakes (soya meal), soya crude oil, degummed oil and soya lecithin, and are also into primary processing and trading of agri-commodities such as chickpeas, soyabeans, cracked corn, maize, yellow peas, pulses etc.
Business area of the Company
The Company is a leading export house based in central India (Indore) with overseas operations covering from USA to Europe. The Company is in process of setting up a processing plant in the area of Dhannad, dist. Indore, for production of edible partially deffated organic Soya Flour, textured Soy Protein, expeller pressed physical refined oil and Organic Soya Lecithin. The Company's major source of revenue is from the exports of soya products and agri-commodities. They markets garbanzo bean (kabuli chana) primarily under their registered brand name ‘Kitchen Pride’. Major foreign countries to which their product is exported includes USA, Canada, Turkey, Dubai, Pakistan Sri Lanka, Spain etc.
The Company has been accorded with the status of ‘One Star Export House’ by Ministry of Commerce & Industry, Government of India. Also, they have received ISO 22000:2005 and FSSAI License for processing activities carried at Unit II. The Company is also certified from Kosher and is registered with US Food and Drug Administration (USFDA). The Company has recently incorporated two wholly owned subsidiaries, namely, Biograin Protinex and Shaan Agro Oils & Extractions.
Key Events and Mile Stones:
2004: Started Business as Partnership Firm in the name of ‘Shanti Overseas’.
2005: Registration of Partnership Firm, ‘Shanti Overseas’ with Registrar of Firms, Indore.
2011: Conversion of Partnership Firm into Private Limited Company ‘Shanti Overseas (India) Private Limited’.
2016: Received status of ‘One Star Export House’ by DGFT.
2016: The Company incorporated a wholly owned Subsidiary in the name of ‘Biograin Protinex Private Limited’.
2016: Received license from FSSAI for unit located in Sonvai, Tehsil Mhow, Dist. Indore (M.P.)
2016: Received Kosher Certificate for Soya bean meal, soya bean seeds and soya lecithin, sold by the Company.
2017: The Company incorporated a wholly owned Subsidiary in the name of ‘Shaan Agro Oils & Extractions Private Limited’.
2017: Conversion of Company from Private Limited to Public Limited Company.
