About EFRAC
EFRAC is a Healthcare company based in Kolkata (India) founded in 1921 by Balwinder Singh Bajwa, and was acquired by QIMA in August 2024. Food and drug testing services are provided, including contaminant detection. It operates in the Healthcare and Business Services sectors. EFRAC has raised $2.77 million across 4 funding rounds from investors including Keventer, QIMA and DSK Legal. The company has 202 employees. EFRAC was last valued at $3.22 million in March 2013. Its chief executive, as recorded, is Balwinder Singh Bajwa. Its website efrac.org draws about 13 thousand monthly visits. Its Indian entity Edward Food Research & Analysis Centre Limited reported revenue of ₹36.81 Cr. EFRAC offers products and services including Food Testing, Water Testing, and Drug Testing. Its focus areas include Food and Agriculture, Food Safety Testing, Testing Services and Diversified.
Company details
EFRAC was founded in 1921 in Kolkata, India, and operates in the food and drug testing sector. Services encompass detection of heavy metals, mycotoxins, PAHs, PCBs, pesticide residues, synthetic dyes, and ethylene oxide. Pathogen testing covers Salmonella, EHEC, Listeria monocytogenes, and total plate count. Additional offerings include allergen detection for egg, milk proteins, gluten, nuts, and soy, along with food packaging safety assessments and training programs.
- Headquarters Kolkata, India
- Employees 202
- Founders Balwinder Singh Bajwa
- Stage Acquired
- SectorsHealthcareBusiness Services
- Email••••••••
- Phone•••• ••••
- Website efrac.org
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Mandala Capital (Jun 2016)
- Legal Name Edward Food Research & Analysis Centre Limited
- Date of Incorporation 29 Aug, 1921
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹36.81 Cr
FY 2026 · +17% YoY
- Net Profit₹21.09 Cr
FY 2026 · 57% margin
- EBITDA₹17.77 Cr
FY 2026 · 48% margin
- Total Equity Funding$2.77M (USD)
in 4 rounds
- Latest Funding Round$2.77M (USD), Private Equity Round
Jun 2016
- InvestorsKeventer
& 7 more
- Employee Count202
- Acquired by
Associated legal entities of EFRAC
EFRAC operates through Edward Food Research & Analysis Centre Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Edward Food Research & Analysis Centre Limited CIN U24100WB1921PLC004311 | Active | 29 Aug 1921 | Kolkata, West Bengal | ₹36.8 Cr | 202 | 7 | View details |
Products & Services of EFRAC
EFRAC offers a comprehensive portfolio of products and services, including Food Testing, Water Testing, and Drug Testing.
Conducts analysis for food safety and nutritional content
Performs testing for water purity and contaminants
Analyzes pharmaceutical products for quality assurance
Apps and channels of EFRAC
its YouTube channel efraclab has 64 subscribers.
Funding Insights of EFRAC
EFRAC has successfully raised a total of $2.77M across 4 strategic funding rounds. The most recent funding activity was a Private Equity Round of $2.77 million completed in June 2016. 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 $2.77M
- Total Rounds 4
- Last Round Private Equity Round — $2.77M
- First Round $352,234
(Mar 2010)
- Investors Count 7
All 4 funding rounds of EFRAC 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 |
|---|---|---|---|---|---|
| Jun 2016 | $2.77M | Private Equity Round | – | Mandala Capital | |
| Mar 2013 | $1.84M | Unspecified | $3.22M | – | – |
| Sep 2010 | $666,057 | Unspecified | – | MKJ Enterprises | |
| Mar 2010 | $352,234 | Unspecified | $782,607 | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2013 | $3.22M | •••••••• |
Last known valuation $3.22M (Mar 2013). 8 investors in total: 6 institutional and 2 angel.
Investors in EFRAC
EFRAC has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Keventer, QIMA and DSK Legal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech & Offline focused VC firm investing in geographies such as India | mandala-capital.com | Ebene City, Mauritius | ||
Trading stainless steel products with focus on domestic business in India. | mkjenterprises.in | Kolkata, India | ||
Purchase and sale of securities and real estate services in India. | 1983 | madanlal.in | Kolkata, India | |
Provision of legal services across banking, dispute resolution, and corporate sectors in India. | 2001 | dsklegal.com | Mumbai, India | |
An app-based platform is provided for supplier compliance and audits. | 2005 | qima.com | Hong Kong, China | |
MJ Mayank Jalan | Angel investor, Chairman of Keventer Agro, focused on food and beverage sector | unknown_6d75f428b9b2451ca | ||
MJ Mayank Jalan | Angel investor, Chairman of Keventer Agro, driving innovation in food and beverage sector | unknown_ffdce1a5207449ba9 | ||
Multi-category food and beverage products are provided by Keventer. | 1986 | keventer.com | Kolkata, India |
Investor details for EFRAC
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Edward Food Research & Analysis Centre Limited (EFRAC)
Edward Food Research & Analysis Centre Limited is the primary company behind EFRAC. The board of Edward Food Research & Analysis Centre Limited currently have 5 directors; the longest-serving is Rahil Nilesh Shah, appointed in 2021. 32 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahil Nilesh Shah DIN 02035169 | Director | 09 Sep 2021 | 5 yrs 1 mo | Edward Food Research & Analysis Centre Limited |
| Mayank Jalan DIN 00598842 | Nominee Director | 21 Aug 2024 | 2 yrs 2 mo | Edward Food Research & Analysis Centre Limited |
| Herve Patrice Ostrowski DIN 09058377 | Nominee Director | 21 Aug 2024 | 2 yrs 2 mo | Edward Food Research & Analysis Centre Limited |
| Gurjinder Singh DIN 07705510 | Nominee Director | 21 Aug 2024 | 2 yrs 2 mo | Edward Food Research & Analysis Centre Limited |
| Sebastien Pierre Yvan Breteau DIN 07379136 | Nominee Director | 03 Sep 2024 | 2 yrs 1 mo | Edward Food Research & Analysis Centre Limited |
People of EFRAC
9 people are tracked at EFRAC (3 in leadership, 6 in team); the tracked headcount is 202.
| Name | Role | Group |
|---|---|---|
Balwinder Singh Bajwa | Founder & CEO | Leadership |
| Director | Leadership | |
Balwinder Bajwa | CEO | Leadership |
Arpita Roy | Senior Coordinator | Team |
Aloke Kumar Datta | Environmentalist | Team |
Monalisa Chatterjee | Operations Manager | Team |
Satyajit Nath | Quality Control Analyst | Team |
Souvik Dey | Assistant Manager | Team |
Deepsikha Nandi | Manager-key Accounts & Business Development | Team |
Complete people profiles for EFRAC
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of EFRAC
Figures of Edward Food Research & Analysis Centre Limited, the primary company behind EFRAC, for FY 2026. Revenue was ₹36.81 Cr (+17% year on year). Net profit was ₹21.09 Cr (57% margin). EBITDA was ₹17.77 Cr (48% margin). Revenue has grown at a compounded annual rate of +7% over three years and +16% over five years.
- ₹36.81 CrRevenue · FY 2026 · +17% YoY
- ₹21.09 CrNet profit · 57% margin
- ₹17.77 CrEBITDA · 48% margin
- ₹57.78 CrPaid-up capital
- 202Employees (provident fund records)
- +7%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Edward Food Research & Analysis Centre Limited are on its company page.
Detailed financial statements for EFRAC
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of EFRAC
6 dated milestones of EFRAC across 103 years, from founding to its latest funding, stage changes and deals.
- Founded EFRAC is founded.
- Funding First funding round of $352K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Private Equity Round, of $2.8M.
- Exit Acquired by Mandala Capital.
- Exit Acquired by QIMA.
Web traffic of EFRAC
The website of EFRAC (efrac.org) receives about 13.2K visits a month.
- Monthly visits13.2K
▼ 17.7% vs previous month
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Related news about Efrac
Complete news archive for EFRAC
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Frequently Asked Questions about EFRAC
EFRAC was founded in 1921 and raised its 1st funding round 89 years after it was founded.
EFRAC is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Balwinder Singh Bajwa is the CEO of EFRAC, as recorded in our data. They have also founded this company.
EFRAC is a funded company, having raised a total of $2.77M across 4 funding rounds to date. The company's 1st funding round was a Unspecified of $352.23K, raised on Mar 2010.
EFRAC has 202 employees.
The primary company behind EFRAC, Edward Food Research & Analysis Centre Limited, reported revenue of ₹36.81 Cr for FY 2026, up 17% year on year.
EFRAC was founded in 1921 in Kolkata, India, and operates in the food and drug testing sector. Services encompass detection of heavy metals, mycotoxins, PAHs, PCBs, pesticide residues, synthetic dyes, and ethylene oxide. Pathogen testing covers Salmonella, EHEC, Listeria monocytogenes, and total plate count. Additional offerings include allergen detection for egg, milk proteins, gluten, nuts, and soy, along with food packaging safety assessments and training programs.
EFRAC offers Food Testing, Water Testing, and Drug Testing.
EFRAC has 8 investors. Key investors include Keventer, QIMA, DSK Legal, MKJ Enterprises, and Madanlal.
The valuation of EFRAC is $3.22M as of Mar 2013.
EFRAC operates through Edward Food Research & Analysis Centre Limited.
Yes. EFRAC was acquired by Mandala Capital in June 2016.