Usher Agro Ltd is India’s leading agro processing company catering to a consumer base spread across the country and overseas. Incorporated in the year 1996 Usher paved the path for the country’s large-scale rice miller’s community and turned around milling operations into a full-fledged industry offering optimum value to the stakeholders, the farmers and the distributors. Positioned as a complete basic food processor, Usher Agro Limited deals in rice, wheat and pulses. Its flagship brand is a common household name in India and abroad and an epitome of credibility and quality delivered by latest technology. Usher Agro Ltd also distributes a massive range of non-branded food grains produced with same technology with equal weightage to quality, nutrition and value for money.
PRODUCTSRice and allied products, mainly Non-Basmati rice
Usher Xtreme 1121 Quality Rasoi Raaja Xtreme Premium Steam/ Raw/ Sella Rasoi Raaja Xtreme Super Steam/ Raw Rasoi Raaja Xtreme Classic Steam/ Raw Rasoi Raaja Xtreme Royal Steam/ Raw Rasoi Raaja Xtreme Regular Steam/ Raw Choice Of India Pussa Basmati PR-1 Quality DB Premium Steam/ Raw/ Sella Classic Steam/ Raw/ Sella Royal Steam/ Raw/ Sella Regular Steam/ Raw/ Sella Rasoi Raaja Parmal Quality Rasoi Raaja Super White Sella/ Golden Sella Rasoi Raaja Regular White Sella/ Golden Sella Rasoi Raaja Rozana White Sella/ Golden Sella Rasoi Raaja Naman Mansoori Quality Super Steam/ Raw/ Sella Regular Steam/ Raw/ Sella Eco Sarbati Quality Premium White Sella/ Golden Sella Rasoi Raaja Sama Mansoori Steam/ Raw Exteme Sella 1121 Quality Premium White Sella/ Golden Sella Super White Sella/ Golden Sella Classic White Sella/ Golden Sella Royal White Sella/ Golden Sella Regular White Sella/ Golden Sella Little More Basmati Quality Premium Steam/ Raw Regular-All Kinds Of KinkiWheat products Products Quality (in kg / gms) Rasoi Raaja/Classic Maida – 1st 90kg 50kg 20kg 1kg 500gms Swagat Maida 2nd 50kg 45kg Rasoi Raaja Halwai Maida 50kg 45kg Rasoi Raaja Sooji 50kg 20kg 1kg 500gms Rasoi Raaja Mill Atta 50kg Rasoi Raaja Chakki Atta 50kg 20kg 10kg 5kg Rasoi Raaja Dalia 400gms Rasoi Raaja Bran 50kg 40kg 35kgPulses products Products Quality (in kg / gms) Rasoi Raaja Premium 1 kg 2 kg 5 kg 30 kg Rasoi Raaja Regular 1 kg 2 kg 5 kg 30 kg
- Distribution Networks
Registrar and Transfer Agent Address:Name - Bigshare Services Pvt. Ltd. Contact Person - Babu Rapheal Address - E-2/3, Ansa Industrial Estate, Saki-Vihar Road, Sakinaka, Andheri (E), Mumbai - 400 072, Maharashtra. Tel: 91-2847 0652 / 0653 / 4043 0200 Fax: 9122-2847 5207 E-mail: firstname.lastname@example.org
Compliance Officer:Name - Usher Agro Ltd. Contact Person - Sarika Singh Address - 422, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri West, Mumbai - 400 053, India Tel: 91 22 39381100 Fax: 91 22 39381123 E-mail: email@example.com
Debenture TrusteeIDBI Trusteeship Services Limited
Ground Floor, Asian Building, 17,
R Kamani Rd, Ballard Estate,
Fort, Mumbai – 400 001
Tel:+91 22 4080 7000
Fax:+91 22 66311776
Email: firstname.lastname@example.orgContact details of persons authorised for the purpose of Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 –
Name - Mr. Vinod Kumar Chaturvedi
Designation - Managing Director & CFO
Email - email@example.com
Phone - 022 39381100
Composition of Committees Various Committees of Usher Agro Limited Name of Committee Name of Committee members Category (Chairperson/Executive/Nonexecutive/independent/Nominee) 1. Audit Committee Mr. Ajay Prakash Arora Chairman/ Nonexecutive / Independent Director Mr. Vijay Ranchan Nonexecutive / Independent Director Mr. Baljinder Kaur Mandal Nonexecutive /Nominee Director (IDBI Bank) 2. Nomination & Remuneration Committee Mr. Shriprakash Arora Chairman/ Nonexecutive/Independent Mr. Vijay Ranchan Nonexecutive/Independent Director Mr. Ajay Prakash Arora Nonexecutive/Independent Director 3. Stakeholders Relationship Committee’ Mr. Shriprakash Arora Chairman/ Nonexecutive /Independent Director Mr. Vijay Ranchan Nonexecutive /Independent Director Mr. Ajay Prakash Arora Nonexecutive /Independent Director 4. CSR Committee Mr. Shri Prakash Arora Chairman/ Nonexecutive /Independent Director Mr. Vinod Kumar Chaturvedi Member/Executive/(Managing Director & CFO) Mr. Manoj Pathak Member/Executive(Whole Time Director) 5. Finance Committee Mr. Ajay Prakash Arora Chairman/ Nonexecutive / Independent Director Mr. Vinod Kumar Chaturvedi Member/Executive/(Managing Director & CFO) Mr. Manoj Pathak Member/Executive(Whole Time Director)
We would like to hear from you
Registered Office:422, Laxmi Plaza, Laxmi Industrial Estate, New Link Road,
Andheri (West), Mumbai - 400 053
Mathura (U.P.):239, Maholi, Krishna Nagar, Off. Delhi-Agra Highway (NH-2)
Buxar (Bihar):Plot No. 1898, Chaubeji Ki Chavani, Jalilpur, Thana, Rajpur
District: Buxar (Bihar)-801104
Chhata:158, Village Gohari,
Delhi-Agra Highway (NH-2), Tehsil
Chhata (Mathura)-281401, U.P.
Marketing Office:405, Pearl Best Heights - II
Netaji Subhash Place, Pitampura
New Delhi - 110 034
Every challenge is an opportunity. All it takes is a visionary leader to see that challenge, understand it’s potential and turn around things for those who are willing to tread the road less travelled.
Dr. Vinod K Chaturvedi, an expert fellow and devoted spokesperson of the ‘Second Green Revolution’, saw the tremendous potential of the hitherto unexplored, unorganized and marginalized food-processing sector. He envisaged a future where India’s food-processing industry would come of age using organized procurement, milling and distribution. He put together world-class technology, state of the art equipment and ushered in a new trend in India’s agro business space. On June 20th, 1996, Dr, Vinod Chaturvedi set up Usher Agro, a public limited company, with the objective of milling processing and exporting of basic food products. The first paddy mill, with a production capacity of 10,800 MTPA was set up in his hometown Mathura. Since then, there was no looking back. Focusing on rice as the primary product Usher Agro diversified into bran, wheat, pulses and husk. Its wheat products include fine and superfine wheat flour (maida), r-aata, whole meal aata (chakki atta) and bran (choker).
Today, Usher Agro has three rice and wheat milling and processing units, two in Mathura (UP) and one in Buxar (Bihar) totaling to a production capacity of 13,35,540 MTPA. The company is catering to Indian tastes as well as has customized its offerings as per International market requirements. Usher Agro’s growth map was carefully laid on the foundation of the team’s ability to capitalize on new ideas. The vision extended to create Usher Eco Power, a subsidiary of Usher Agro, to set up an eco friendly power plant in Chhata, Mathura, for captive use, using rice husk as raw material. Living up to it’s legend as a path finder, Usher Agro has successfully commenced it’s first Silica plant at Chhata, Mathura, to produce eco friendly green silica at a competitive rate.
Thus, besides being focused on business, the company’s strong and cohesive beliefs system has made itself transparent, customer oriented, quality conscious and socially responsible.
Usher Agro’s strength as a group can be attributed to the following four factors.
Location Advantage: Usher Agro plants are located across UP and Bihar. These two states, along with the neighboring Haryana, constitutes 19.41% of India’s total rice production and 53.2% of total rice and wheat production in India respectively. This makes our procurement system faster and cost effective. Similarly our strategic positioning next to rice deficit states such as Rajasthan, Gujarat and Maharashtra, gives us logistical advantage in the distribution process.
Large Rice Milling Capacity: Usher Agro has a total rice milling capacity of 1,81,440 MTPA. This is not only exemplary but also the largest in the country for non-basmati rice. We take pride in the fact that Usher Agro owns one of the largest single location rice milling plants in India, producing 9,72,000 MTPA.
Automated and Modernized Plant and Storage Facility: Usher Agro has installed fully automated system comprising of high tech machineries manufactured by global brands like Satake Corporation, Japan and Machinery Zaccaria, Brazil. This has resulted in increase in output and better-cost effectiveness.
Strong Distribution and Procurement Network: Usher Agro takes pride in setting up one of the strongest distributors/agents/traders network comprising of 45 cities across India. We have a strong procurement network with presence in over 100 mandis. Exclusive agents (Pukka Arahtiyas) in each of the mandis who procure raw materials for our plants at competitive rates.
Our export distribution network is spread across UAE, Iran, Saudi Arabia, Benin, Ghana, Mozambique, Kenya, Malavi, Italy, Holland, Israel, UK and Canada.
Dr. V. K. Chaturvedi
Dr. Chaturvedi, aged 49 years, is the Managing Director of Usher Agro Ltd. He holds a Bachelors Degree in Commerce from Agra University and a fellow member of ‘The Institute of Chartered Accountants of India’. He also has a Doctorate Degree on “Second Green Revolution, its prospects and rationale”. He has over 27 years of experience in finance, project and food processing industry. He promoted Usher Agro Ltd in 1996 and set up a conventional rice milling plant at Mathura. After incorporation of Usher Agro Ltd he promoted Usher Eco Power Limited, Usher Capitals Limited, Usher Infra Logic Limited and Usher Oils and Foods Limited under the USHER umbrella.
Mr. Manoj Pathak
(Whole Time Director)
Mr. Manoj Pathak is the Whole Time Director of Usher Agro Ltd. He holds a Bachelors degree in Commerce from Agra University and a Bachelors of Law. He is one of the promoters and is the brother of Dr. Vinod Kumar Chaturvedi. He has over 18 years of experience in food processing industry and he has been involved with the Company since its inception. He has been actively involved in the implementation of all the projects of the Company and has played a vital role in the growth of the Company. His responsibilities include contributing to the strategic growth and development of a strong marketing network of the products. He has also contributed to the Company through his efficient managerial capabilities to deal with labour, farmers and operating personnel at the plants.
Mr. Ajay Prakash Arora
(Non-Executive and Independent Director)
Mr. Ajay Prakash Arora is the Independent Non-Executive Director of Usher Agro Ltd. He is Chairman of Audit Committee. He holds a Masters degree in Commerce and is a Certified Associate of Indian Institute of Bankers (CAIIB). He has over 37 years of rich experience in handling banking and finance functions. He joined the Central Bank of India in 1963 and continued working there till year 2000. During his tenure with the Central Bank of India, Mr Arora worked in various capacities as the Senior Internal Auditor, Investigations/Enquiry officer, Branch Manager, Chief Manager in Branches and Zonal office in Central Bank.
Mr. Shri Prakash Arora
(Non-Executive and Independent Director)
Mr. Shri Prakash Arora is the Independent Non-Executive Director of Usher Agro Ltd. He holds a Bachelors degree in Animal Science from Agra University. He has previously worked with Pfizer Animal Health for 36 years, where he held several key positions overseeing the sales, technical, marketing, budgeting, training and business development of the company. He was also responsible for the launch and subsequent handling of Agro chemical business (bactericides for cotton, chillies and paddy crop) of Pfizer in western India. Presently, he is very proficient in areas including restructuring of sales and marketing group, developing marketing strategies, training/mentoring in connection with rural marketing, distribution system, recruitment and selection, developing reward and appraisal system and launch of new products.
Mr. Vijay Ranchan
(Non-Executive and Independent Director)
Mr. Vijay Ranchan is the Non Executive, Independent Director of Usher Agro Ltd and member of Audit Committee. He holds a Masters degree in Arts in English Literature from Punjab University. He was in the Indian Administrative Service (1967 batch) and is currently retired. He has held senior positions of Secretary/Principal Secretary/Additional Chief Secretary in the Department of Revenue, Industry, Labour and Health in Government of Gujarat. He was also the Joint Managing Director of Gujarat Industrial Investment Corporation, Chairman of Gujarat Fisheries Central Co-operation Association.
Mrs. Baljinder Kaur Mandal
(Non-Executive and Independent Director, [Nominee Director of IDBI Bank Limited])
Mrs. Baljinder Kaur Mandal is the IDBI Bank Limited Nominee and Independent Director appointed on 29th June, 2013. She holds Bachelors in Electrical Engineering, PGDM
Mr. Prem Chand Tiwari
(Non-Executive and Independent Director)
Mr. Prem Chand Tiwari is the Independent Non-Executive Director of Usher Agro Ltd. He holds a Bachelor’s degree in Science from Agra University. He has experience of 39 years in Banking (Administration, Business Growth and Profitability). He has worked as a General Manager Head of the largest zone - Mumbai Metropolitan Zone having maximum business mix (Deposits/Advances/Profit/Recovery)
Ms. Sarika S Singh
A highly qualified and experienced CS and Legal professional, Sarika Singh has about a decade's experience in public limited company matters. As a professional she brings to the table discipline, sense of urgency and valuable foresight. Sarika is highly organised and her excellent PR skills contribute towards Usher's team strength.BELIEFS
We believe in turning challenges into opportunities. We believe in learning. We believe in invention and reinvention, till we cover every small ground. We believe in proving ourselves to our industry partners and stakeholders, in winning their trust through performance. We believe in becoming an integral part of the country’s agricultural growth map. We believe in leading the way.
To emerge as one of the India’s leading agro-processing companies with a special focus on the basic foods segment (Rice, Pulses and Wheat). We envision a refreshing green, the personality of USHER, to be the symbol of nation’s booming economy and the indication of the affluence of world agriculture.
Our vision is to partner our country on its way to economic growth, with the basic food processing industry as a major driver. We envisage a refreshing green, a revolution, ushered into the country through the business of agriculture, where we, Usher Agro Ltd. will be at the helm.
- To provide one stop solution for all basic food products to our customers.
- To maximize creation of wealth, value and satisfaction for the stakeholders.
- To give equal weightage to branded and non-branded food products in terms of quality and value.
- Achievement - We constantly strive to deliver organizational goals.
- Standardization - We believe in consistently creating our own benchmarks.
- Transparency - We shall be open and honest in our dealings with all our stakeholders.
- Commitment - We promise to live by the Company norms in our words and our actions and also deliver results with passion.
- Teamwork - We support each other in our work and multiply our success.
- Responsibility & Accountability - We take ownership of our actions and are answerable for the results.
First Rice Mill set up at Mathura 10,800 MTPA
IPO of INR 180 Mn with listing at BSE
Set up Wheat Flour Mill at Mathura 75,000 MTPA
Set up 1 MW Captive Biomass Power Plant at Mathura
Set up Rice Mill at Chhata (U.P.) 200,000 MTPA
Qualified Institutional Placement (QIP) of INR 1 Bn
Production of Fortified Rice under licensed tech
Set up 16 MW Biomass Power Plant at Chhata under Sub.
Silica Extraction tech. validated through 7 TPD pilot plant at Chhata
- Expansion of Rice Mill at Chhata
- Set up Pulses Mill at Chhata
105,600 MTPA (pulses), 23,100 MTPA (pulses flour)
CORPORATE SOCIAL RESPONSIBILITY
Corporate Social Responsibility has been at the epicenter of the belief system of Usher Agro. We recognize it as a tool that integrates our social, environmental and ethical responsibilities into the governance of businesses to ensure their long-term success, competitiveness and sustainability. We have ensured that all our businesses are an integral part of society and have a critical and active role to play in the sustenance and improvement of healthy ecosystems, in fostering social inclusiveness and equity, and in upholding the essentials of ethical practices and good governance.
KEY AREAS OF FOCUS OF USHER AGRO
- Construction/repair of school buildings & facilities including boundary walls, separate toilets for boys and girls and provision of drinking water.
- Provision of uniforms, books, stationery, computer and laboratory equipment, to schools.
- Promotion of adult education with focus on women’s education
- Reducing the drop out of students and absenteeism through counseling and other means.
- To promote computer literacy and technology assisted learning.
- To set up/promote higher education through special coaching/inputs to bridge the gap.
- To promote technical/professional/medical education by giving financial assistance/opening institutions through organizations/infrastructural support.
Narayani Foundation is a powerful illustration of Usher’s contribution towards economic development of the students in Mathura. On the occasion of Vaidyanath Jayanti, which is observed on Maha Shivratri in North India, Usher awards the students of Sampoorna Nand Mahvidhyalaya for their successful performance and learning of Sanskrit Language with an objective of inspiring underprivileged children to perform well in studies. The long-term objective of this activity is to support the preservation and dissemination of Indian cultural heritage through the propagation of "Sanskrit" as a language.
SAFE DRINKING WATER/HEALTH CARE & SANITATION: OBJECTIVES
- To provide safe drinking water by sinking bore wells, tube wells, establishment of water treatment plants.
- To provide preventive health care facilities through mobile medical vans.
- To provide nutritional supplements to lactating mothers, children, adolescent girls and pregnant women.
- Health awareness campaigns on serious/chronic diseases.
YAMUNA CLEANING MOVEMENT IN THE CITY OF MATHURA
The river Yamuna has played an integral part in the history of India’s agricultural civilization. It is one of the most prominent rivers of India. About 1370 kms long, Yamuna originates at the YAMUNOTRI glacier in lower HIMALAYAS in UTTARAKHAND district. Yamuna has huge religious importance. The environment of Yamuna along its long course is fabulously endowed with natural bounties. Importance of the river is increased by several canals, which irrigate vast tracts of lands of India. It has sustained many civilizations and cities for ages.
Unfortunately Yamuna has become one of the most polluted rivers in the world due to huge pollutants being discharged in it. Many efforts have been made to clean Yamuna; however they have been unable to bring any improvement due to lack of dedication, sincerity, and commitment.
Usher Agro has taken the initiative of transforming river YAMUNA from becoming a sewer into a pristine river as it was in the past. To achieve this “S A Y E S” (SAVE YAMUNA ENVIRONMENT SOCIETY) has been formed & initiated. The NGO led by the company is dedicated to the clearing up of the riverbed. The dug up residue will be used for land filling activities.
- Firstly a dredger will be deployed to periodically clean the sewage brought downstream and settled in Yamuna bed in Mathura section thereby removing major solid pollutants.
- Public awareness drives to raise awareness about the harmful effect of dumping non-biodegradable waste unscientifically in the vicinity of the river Yamuna.
- City‘s daily discharge will be collected in a main pipeline running parallel to Yamuna river. This pipeline will be laid along the riverbank. This in turn will be carried downstream beyond Gokul barrage and into a sewage treatment plant. Treated water will be used for non-human use and solid will be used in landfill or other common uses.
- Direct injection of Oxygen into YAMUNA at the right time and at the right place per day by a vessel built with this purpose is also envisaged.
- As an additional source of Oxygen, an installation will be built to store and release Hydrogen Peroxide as and when necessary.
HOW USHER AGRO IS TAKING LEAD IN THIS MOVEMENT
- Driving association with technology partners.
- Ensuring involvement of local people.
- Laying out detailed plan and execution process.
- Escalating the issue at government and administrative level to mobilize further funding.
FUTURE OF 'SAYES'
It is proposed to further beautify both banks of YAMUNA and its ancient Ghats and make them ecological and people friendly so that religious tourists find it pleasant to pause there, soak in the spiritual, natural environment and find it spiritually fulfilling. In the process, the economy of Mathura will get a boost and the government will achieve revenue growth. In short, a win-win situation.
- Policy for Preservation of Documents
- Policy for Determination of Materiality of Events
- Draft Appointment Letter
- Whistle Blower Policy
- Board Diversity Policy
- Nomination Remuneration and Evaluation Policy
- Policy on Related Party Transaction
- Succession Policy
- CSR Policy
- Familarization Programs for Independent Directors
- Code of Conduct for prevention of insider trading
- Policy on Material Subsidiary
- Risk Management Policy
- Scrutinizer Report AGM2016
- EGM Notice
- Scrutinizer Report of EGM 20.07.2016
- Outcome of Board Meeting 20062016
- Proceeding 3052016
- Board Meeting Notice
- Withdrawal of Rating for NCD
- Disclosure 292 SAST
- Disclosure 72
- Notice of Record Date & Payment of Interest
- Interest Payment
- Exchange Update
- Notice for Board Meeting