About Rich Millet
Rich Millet was a Retail company based in Hyderabad (India) founded in 2016 by Krishna Vijay Rajan and Sreekanth Nagaiah Agavinti. It operates as an online retailer specializing in millet-based cereals. It operates on a B2C model. Its Indian entity Rich Millet Foods Private Limited reported revenue of ₹1.09 Cr. The company is recorded as dissolved. Its focus areas include Consumer Goods, Food and Beverage and Online Grocery. Its competitors include LivSharbati, Floury Tales and AmWel.
Company details
Rich Millet operates with a B2C model, focusing on producing consumer products, food and beverage, engaging in retail operations, and online grocery. Operates as an online retailer specializing in millet-based cereals. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Hyderabad, India
- Founders Krishna Vijay Rajan, Sreekanth Nagaiah Agavinti
- SectorsRetail
- Website richmillet.com
- Social X Facebook
- Legal Name Rich Millet Foods Private Limited
- Date of Incorporation 01 Sep, 2016
- Jurisdiction Cherlapally, Telangana, India
- Annual Revenue₹1.09 Cr
FY 2020 · +25% YoY
- Net Loss-₹32.5 Lakh
FY 2020 · -30% margin
- EBITDA-₹22.4 Lakh
FY 2020 · -21% margin
Associated legal entities of Rich Millet
Rich Millet operates through Rich Millet Foods Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rich Millet Foods Private Limited CIN U74999TG2016PTC111773 | Active | 01 Sep 2016 | Cherlapally, Telangana | ₹1.1 Cr | 2 | View details |
Board of directors of Rich Millet Foods Private Limited (Rich Millet)
Rich Millet Foods Private Limited is the primary company behind Rich Millet. The board of Rich Millet Foods Private Limited currently have 2 directors; the longest-serving is Sreekanth Nagaiah Agavinti, appointed in 2020. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sreekanth Nagaiah Agavinti DIN 00823780 | Additional Director | 31 Jul 2020 | 6 yrs 2 mo | Rich Millet Foods Private Limited |
| Param Vijay Rajan DIN 08020321 | Additional Director | 04 Apr 2022 | 4 yrs 6 mo | Rich Millet Foods Private Limited |
People of Rich Millet
2 people are tracked at Rich Millet (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Founder | Leadership |
Complete people profiles for Rich Millet
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Financials of Rich Millet
Figures of Rich Millet Foods Private Limited, the primary company behind Rich Millet, for FY 2020. Revenue was ₹1.09 Cr (+25% year on year). Net loss was -₹32.5 Lakh (-30% margin). EBITDA was -₹22.4 Lakh (-21% margin). Revenue has grown at a compounded annual rate of +161% over three years.
- ₹1.09 CrRevenue · FY 2020 · +25% YoY
- -₹32.5 LakhNet loss · -30% margin
- -₹22.4 LakhEBITDA · -21% margin
- ₹50 LakhPaid-up capital
- +161%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Rich Millet Foods Private Limited are on its company page.
Detailed financial statements for Rich Millet
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
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Competitors of Rich Millet
Rich Millet has 3 listed competitors in our database. They include LivSharbati, Floury Tales and AmWel.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| livsharbati.com | 2016 | Gurugram, India | Platform offering on-demand branded flour and atta | |||
| flourytales.com | 2020 | Pune, India | Offers premium atta, millet flours, and premixes for easy healthy cooking. | |||
| amwel.in | 2020 | Ludhiana, India | Offers organic flours, millets, seeds, and gluten-free pastas for health-conscious consumers. |
Detailed competitors of Rich Millet
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- Full competitor set
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Rich Millet (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Frequently Asked Questions about Rich Millet
Rich Millet was founded in 2016.
Rich Millet is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind Rich Millet, Rich Millet Foods Private Limited, reported revenue of ₹1.09 Cr for FY 2020, up 25% year on year.
Rich Millet operates with a B2C model, focusing on producing consumer products, food and beverage, engaging in retail operations, and online grocery. Operates as an online retailer specializing in millet-based cereals. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Rich Millet's top competitors include AmWel, LivSharbati and Floury Tales.
Rich Millet operates through Rich Millet Foods Private Limited.
The legal entities of Rich Millet currently have 2 directors, including Param Vijay Rajan, Sreekanth Nagaiah Agavinti.