About Citrus Processing India
Citrus Processing India is an Agriculture company based in Mumbai (India) founded in 2009. Potato farming, grain marketing, and equipment services are handled by Maine Potato Growers in Maine. It operates on a B2B and B2C model in Agriculture and Industrial Goods & Manufacturing sectors. Citrus Processing India has raised $48.98 million across 3 funding rounds from investors including HDFC, Blue Horizon and blackrivercapitalpartners.com. The company has 87 employees. Citrus Processing India was last valued at $61.43 million in March 2015. Its Indian entity Citrus Processing India Private Limited reported revenue of ₹30.02 Cr. Citrus Processing India offers products and services including Potatoes and Grain Marketing. Its focus areas include Food and Agriculture, Potato Farming, Grain Marketing and Industrial Supplies.
Company details
Maine Potato Growers is identified as a key entity in the agricultural field, where potato farming and grain marketing activities are managed primarily in Presque Isle, Maine, USA. Operations include the handling of agricultural products and industrial supplies such as lubricants and tractors through B2B channels. The company is noted for its role in distributing grains and related services, which are conducted to support sector needs. Focus is placed on sustainable practices in farming, while equipment services are provided to enhance productivity. Overall, contributions are made to the local and broader agricultural economy without promotional emphasis.
- Headquarters Mumbai, India
- Employees 87
- Stage Minicorn
- SectorsAgricultureIndustrial Goods & Manufacturing
- Website citrus-ind.com
- Legal Name Citrus Processing India Private Limited
- Date of Incorporation 22 Jun, 2009
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹30.02 Cr
FY 2021 · -14% YoY
- Net Loss-₹22.52 Cr
FY 2021 · -75% margin
- EBITDA-₹4.76 Cr
FY 2021 · -16% margin
- Total Equity Funding$48.98M (USD)
in 3 rounds
- InvestorsHDFC
& 2 more
- Employee Count87
Associated legal entities of Citrus Processing India
Citrus Processing India operates through Citrus Processing India Private Limited (dissolved under section 59(8)). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Citrus Processing India Private Limited CIN U15500MH2009PTC193480 | Dissolved Under Section 59(8) | 22 Jun 2009 | Mumbai, Maharashtra | ₹30.0 Cr | 87 | 5 | View details |
Products & Services of Citrus Processing India
Citrus Processing India offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing.
Potatoes are farmed and sold for food and industrial purposes by the company
Grains are promoted and distributed from farms by the company
Funding Insights of Citrus Processing India
Citrus Processing India has successfully raised a total of $48.98M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $48.98M
- Total Rounds 3
- First Round $37.07M
(Jul 2013)
- Investors Count 3
All 3 funding rounds of Citrus Processing India with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2016 | Series C | – | Blue Horizon | – | |
| Mar 2015 | $11.91M | Series C | $61.43M | blackrivercapitalpartners.com | |
| Jul 2013 | $37.07M | Series C | $52.65M | blackrivercapitalpartners.com |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2015 | $61.43M | •••••••• |
| Jul 2013 | $52.65M | •••••••• |
Last known valuation $61.43M (Mar 2015). 3 investors in total: 3 institutional.
Investors in Citrus Processing India
Citrus Processing India has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include HDFC, Blue Horizon and blackrivercapitalpartners.com.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sustainable food sector ventures are invested in by Blue Horizon. | bluehorizon.com | Zurich, Switzerland | ||
Provider of housing finance solutions | 1977 | hdfc.com | Mumbai, India | |
| blackrivercapitalpartners.com |
Investor details for Citrus Processing India
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Citrus Processing India Private Limited (Citrus Processing India)
Citrus Processing India Private Limited is the primary company behind Citrus Processing India. The board of Citrus Processing India Private Limited currently have 5 directors; the longest-serving is Deepak Malik, appointed in 2013. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepak Malik DIN 00662141 | Director | 17 Jul 2013 | 13 yrs 3 mo | Citrus Processing India Private Limited |
| Sanjay Jain DIN 00140903 | Director | 30 Oct 2013 | 13 yrs | Citrus Processing India Private Limited |
| Saurabh Gupta DIN 06878022 | Nominee Director | 06 Dec 2017 | 8 yrs 11 mo | Citrus Processing India Private Limited |
| Martin Hans Wittwer DIN 08361935 | Director | 22 May 2019 | 7 yrs 5 mo | Citrus Processing India Private Limited |
| Mohit Wadhwa DIN 08500544 | Director | 27 Jun 2019 | 7 yrs 4 mo | Citrus Processing India Private Limited |
Financials of Citrus Processing India
Figures of Citrus Processing India Private Limited, the primary company behind Citrus Processing India, for FY 2021. Revenue was ₹30.02 Cr (-14% year on year). Net loss was -₹22.52 Cr (-75% margin). EBITDA was -₹4.76 Cr (-16% margin). Revenue has grown at a compounded annual rate of +9% over three years and +33% over five years.
- ₹30.02 CrRevenue · FY 2021 · -14% YoY
- -₹22.52 CrNet loss · -75% margin
- -₹4.76 CrEBITDA · -16% margin
- ₹13.04 CrPaid-up capital
- 87Employees (provident fund records)
- +9%Revenue CAGR, 3 years
- +33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Citrus Processing India Private Limited are on its company page.
Detailed financial statements for Citrus Processing India
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Citrus Processing India
4 dated milestones of Citrus Processing India across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Citrus Processing India is founded.
- Funding First funding round of $37.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C,.
Top companies in Agricultural Trading
3 companies that operate in the same segment as Citrus Processing India (Agricultural Trading) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Potato farming, grain marketing, and equipment services in Maine. | 2000 | Gurugram, Haryana, India | ||||
Food processing, export of agro commodities, and production of branded products in India. | 1865 | Mumbai, Maharashtra, India | USD 1.71 B | 2,508 | ||
Manufacturer of chemical fertilizers and seeds | 1985 | Delhi, Delhi, India | USD 742.24 M | 1,102 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Citrus Processing India
Citrus Processing India was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Citrus Processing India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Citrus Processing India is a funded company, having raised a total of $48.98M across 3 funding rounds to date. The company's 1st funding round was a Series C of $37.07M, raised on Jul 2013.
Citrus Processing India has 87 employees.
The primary company behind Citrus Processing India, Citrus Processing India Private Limited, reported revenue of ₹30.02 Cr for FY 2021, down 14% year on year.
Maine Potato Growers is identified as a key entity in the agricultural field, where potato farming and grain marketing activities are managed primarily in Presque Isle, Maine, USA. Operations include the handling of agricultural products and industrial supplies such as lubricants and tractors through B2B channels. The company is noted for its role in distributing grains and related services, which are conducted to support sector needs. Focus is placed on sustainable practices in farming, while equipment services are provided to enhance productivity. Overall, contributions are made to the local and broader agricultural economy without promotional emphasis.
Citrus Processing India offers Potatoes and Grain Marketing.
Citrus Processing India has 3 investors. Key investors include HDFC, Blue Horizon, and blackrivercapitalpartners.com.
The valuation of Citrus Processing India is $61.43M as of Mar 2015.
Citrus Processing India operates through Citrus Processing India Private Limited.
The legal entities of Citrus Processing India currently have 5 directors, including Deepak Malik, Saurabh Gupta, Sanjay Jain and others.