What we do Goel Food Products Ltd operates banquet halls, Indian snacks and sweets shops, hotels, and guest houses in Kolkata, specializing in event management and catering services. |
Founded in 1,996 |
Market share A prominent player in Kolkata's banquet and Indian snacks market with expanding presence and multiple locations. |
Problem solved Provides comprehensive event management, catering, and lodging solutions for weddings, parties, and corporate events. |
Top clients or who we serve Cater to individuals and corporations seeking lavish event venues, catering, and Indian snack retail; primarily B2C with some B2B events. |
Key management Dinesh Goyal, Managing Director; Rashmi Goyal, Executive Director; supported by experienced independent directors. |
Our journey and innovations Started as Indian snacks manufacturer in 1996; expanded to banquet halls since 2009; grew to 8 banquet halls, 2 snack shops, hotel, and guest house. |
Where we operate Operates mainly across Kolkata and Howrah, West Bengal, India, with multiple locations. |
Top products or what we offer Banquet event organization, Indian sweets and snack retail under brand 'BIKA,' lodging and boarding, wedding packages including destination weddings. |
Top brands BIKA - renowned for Indian snacks and sweets, widely recognized in Kolkata. |
Raw materials needed Raw materials include typical ingredients for Indian sweets and snacks like flour, sugar, spices, and dairy products. |
Raw materials supplier Local suppliers for food ingredients in Kolkata region. |
Recurring vs cyclical contribution Revenue is cyclically influenced by event seasons but maintains steady operations through retail and lodging services. |
Our industry position Well-established in banquet and snack retail segments in regional market, expanding footprint steadily. |
Financial highlights FY 2024-25 revenue approx. Rs 25.55 crore; Net Profit Rs 5.05 crore; earnings per share around Rs 2.68. |
Geographical revenue split Revenue primarily from Kolkata and Howrah regions in West Bengal, India. |
Order book - |
Whats driving growth Expansion of banquet halls, new snack shops, and entry into hospitality with hotel and guest house services driving growth. |
Our future plans Plans to increase banquet hall rentals, expand catering services and hospitality footprint in Kolkata metropolitan area. |
Our green promise Adopts energy-efficient appliances and LED lighting; not energy intensive operations. |
Our people and values Focuses on skilled team delivering customized event management; strong corporate governance and compliance culture. |
Key challenges ahead Competitive market challenges and maintaining growth; managing cyclicality in event demand. |
Interesting facts Recently converted to public company in 2022 and raised funds via IPO; operates extensive wedding packages including destination weddings. |
Risks and strategy Mitigates operational risks via diversified offerings and committee oversight; growth through venue expansion and service enhancement. |
