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History of Rashel Agrotech Ltd.

Rashel Agrotech Limited was incorporated on 05.04.95 as a private limited Comp. & was subsequently converted into a public limited by passing a resolution in Extra Ordinary General Meeting held on 05.05.95 & certificate of conversion obtained from ROC Madhya Pradesh at Gwalior on 05.06.95.

The Comp. proposes to cultivate & process canned White Button Mushroom with an installed capacity of 1560 MT/annum at Village Borekhedi, Tehail Mhow, Indore [M.Ps].

White button Mushrooms which has huge export potential & used as eatable. Mushrooms are fungus fruit bodies. The White Button Mushroom technically known as Agaricus Bisporus, have the largest share of total world mushroom production. They possess great taste, flavour and are highly nutritional.

The major importer countries of mushrooms are Germany followed by USA, France, Belgium, Sweden, Norway and UK-Germany & USA Acc. for almost 60% of total imports. USA, China & the France are the major producers of White Button mushrooms together Acc. for more than 47% of total world production.

The Comp. has entered into Buy Back agreement with M/s. Macon Agri. Northern Ireland that they will be buying back 100% production of Comp. for 7 years.