TBI Corn Ltd (TBI) Share Price & Fundamentals

What we do

TBI Corn Ltd is a leading Indian company specializing in high-quality corn products like maize grits, corn flour, and related items for food and industrial uses.

Founded in

2,000

Market share

Prominent player in India’s corn milling industry with expanding export footprints in Gulf, Asia, Africa, Europe and the US.

Problem solved

Provides chemical-free, preservative-free, GMO-free corn ingredients catering to snack, food processing, poultry, and cattle feed industries, ensuring quality raw materials.

Top clients or who we serve

Serves snack manufacturers, food processors, namkeen, textile, chemical, and cattle feed sectors; operates B2B and B2C markets domestically and internationally.

Key management

Mr. Yogesh Laxman Rajhans, Chairman and Managing Director with over two decades of industry experience.

Our journey and innovations

Started in yeast processing (1990), expanded into corn bran and powder (2004), fully automated ISO-certified food processing unit by 2016.

Where we operate

Primarily in India with exports to Gulf, Asian, African markets; expansion ongoing into Europe and US.

Top products or what we offer

Offerings include corn grits/meal, corn flakes, broken maize, corn flour, turmeric finger, all chemical- and GMO-free.

Top brands

Not specified but known for automated, high-quality maize grits production with 270 TPD capacity.

Raw materials needed

Raw maize/corn kernels, turmeric.

Raw materials supplier

Not specified.

Recurring vs cyclical contribution

Revenue mostly recurring from steady demand in food and industrial sectors.

Our industry position

ISO certified, leading corn milling industry player with advanced processing technology.

Financial highlights

FY 2024-25 revenue ~ ₹211.6 Cr; net profit ₹13.63 Cr; IPO in 2024 raised ₹44.94 Cr for growth.

Geographical revenue split

Domestic contributes ~93%, exports ~7% of revenue.

Order book

-

Whats driving growth

Increasing demand for quality corn products, export market expansion, automated production, and diversified applications.

Our future plans

Expand export footprint in Europe and US, scale up production capacity, and innovate product offerings.

Our green promise

Committed to chemical-free, preservative-free, GMO-free products; energy efficiency initiatives in operations.

Our people and values

Small dedicated workforce with focus on quality, sustainability, and corporate governance.

Key challenges ahead

Managing raw material sourcing, scaling exports, regulatory compliance, and competition.

Interesting facts

Converted from partnership to limited company in 2022; ISO 22000:2018 certified since 2016.

Risks and strategy

Mitigates risks through quality control, technology upgrades, market diversification, and strong governance.