Diligent Industries Ltd. Company Profile: Products, Promoters and Clients

Diligent Industries Ltd. Company Description

Established in 1995, Diligent Industries Ltd is a prominent player in the edible oils sector in India, engaging in the production, processing, and trading of various agricultural commodities.

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Q1.What are the Products and Service offerings of the Company?

1. Edible Oils Production

  • Solvent Extraction: The company produces a range of edible oils including Rice Bran Oil, Cotton Oil, and Palm Kernel Oil. 

2.Edible Oils Refinery

  • The company is gearing up to start operations in its edible oils refinery soon, expanding its footprint in the edible oils market.

3.Cattle Feed

  • Diligent Industries supplies various cattle feed products like Palm Kernel Cake, De-Oiled Rice Bran etc. They also have plans to manufacture pellet feed for cattle, aqua, and poultry.

4.Agricultural Commodities

  • The company deals in crops such as Maize, Paddy, Rice, and Soya. 

5.Revenue Breakdown for FY23 In the fiscal year 2023, the revenue distribution of Diligent Industries Ltd was as follows:

  • Sale of Products: Approximately 97%
  • Other Income: Around 3%

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Q2.Who are the Promoters of the Company?

Mr. Bhanu Prakash Vankineni - Managing Director

Diligent Industries Ltd. has been led by Mr. Bhanu Prakash Vankineni since its establishment in 1995. His direction has been crucial in making the business a dominant force in India's edible oil market. With more than 20 years of expertise, Mr. Vankineni has led the business through substantial expansion, broadening its line of products and increasing its market share across the country. 

Mr. Kiran Kumar Vankineni - Executive Director

Mr. Kiran Kumar Vankineni has been an integral part of Diligent Industries Ltd. since the foundation. As Executive Director, he looks over  the daily operations of the company, ensuring that everything runs smoothly from manufacturing to distribution. 

Q3.Who are the Clients of the Company?

The company has a diverse client base across India.However no names were publicly available.

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