About Milltec Machinery
Milltec Machinery is a company based in Bengaluru (India) founded in 1998 by R Uma, Manjula Ragendran, Jyothi Rani, Prakash VGN, Gayathri Devi, Rohit Ravindranath, and V Ramanaiah was acquired by AGI in March 2019. Milltec Machinery has raised $1.01 million across 2 funding rounds from investors including AGI, Multiples Alternate Asset Management and Ashish Kacholia. Milltec Machinery offers products and services including Cleaning Equipment, Parboiling and Drying Equipment, Grading and Sorting Equipment, Blending and Packaging Equipment, and Grain Silos.
- Headquarter Bengaluru, India
- Founders R Uma, Manjula Ragendran, Jyothi Rani, Prakash VGN, Gayathri Devi, Rohit Ravindranath, V Ramanaiah
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Sectors
Industrial Goods & Manufacturing
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Products & Services of Milltec Machinery
Milltec Machinery offers a comprehensive portfolio of products and services, including Cleaning Equipment, Parboiling and Drying Equipment, Grading and Sorting Equipment, Blending and Packaging Equipment, and Grain Silos.
Removes foreign particles from grains for efficient processing.
Automates rice parboiling and drying to increase yield.
Uses technology to remove impure grains based on color.
Packs grains into bags for storage and distribution.
Provides space-efficient storage with easy installation.
Funding Insights of Milltec Machinery
Milltec Machinery has successfully raised a total of $1.01M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $1.01 million completed in June 2018. 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.
Investors in Milltec Machinery
Milltec Machinery has secured backing from 3 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include AGI, Multiples Alternate Asset Management and Ashish Kacholia.
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Provider of agricultural equipment and engineering solutions
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Ashish Kacholia |
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Investor details for Milltec Machinery
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Investments & Acquisitions by Milltec Machinery
Investment portfolio details for Milltec Machinery
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Financial Statements - Milltec Machinery
Detailed financials for Milltec Machinery
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Milltec Machinery Comparisons
Peer comparison for Milltec Machinery
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Competitors of Milltec Machinery
Detailed competitors of Milltec Machinery
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Latest news on Milltec Machinery
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Frequently Asked Questions about Milltec Machinery
Milltec Machinery was founded in 1998 and raised its 1st funding round 15 years after it was founded.
Milltec Machinery is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Milltec Machinery is a funded company, having raised a total of $1.01M across 2 funding rounds to date.
Milltec Machinery Private Limited was established in 1998 in Bengaluru, India. Machines and integrated systems for processing rice, wheat, pulses, and other grains are manufactured by the company. The full value chain in agro-based processing is covered through these offerings. Operations are centered in the machinery sector, with a focus on equipment for grain handling and milling. The company serves clients across India and related geographies.
Milltec Machinery offers Cleaning Equipment, Parboiling and Drying Equipment, Grading and Sorting Equipment, Blending and Packaging Equipment, and Grain Silos.
Milltec Machinery has 3 investors. Key investors include AGI, Multiples Alternate Asset Management, and Ashish Kacholia.