SUBSIDIARY NAME
The Kute Group of industries
COUNTRY
INDIA
SECTOR/ INDUSTRY
FOOD
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
June 22, 2022
ACQUISITION VALUATION
1.1 BILLION
TOTAL ASSET VALUATION
11 BILLION
FOOD
The Kute Group of industries acquired on June 22, 2022 and they are leading Edible Oil Producer / Manufacturer in India along with other verticals; Milk daily, Milk N Milk Products, Infrastructure, Real Estate, and logistics including Warehousing.
- Activities – Manufacturing Of all Edible Oil in all variants and Dairy Products.
- Group Investment – 8000 Crore (1.1 Billion USD)
- Group Turn Over – 4200 Crore (600 Million USD),\IRR – 13%
- Employment – 7,000.Requirement – 1.1 Billion USD for Expansion and growth Capital.
SUBSIDIARY NAME
Solar Power Project 1000 MW ( 250 MW x 4)
YSR STEEL CORPORATION LIMITED
Oil & Gas Projects
Need to be registered with SPV LH2INDIA PVT Ltd.
The Kute Group of Industries
Titan Aviation & Aerospace India Ltd
DEV MINING
Titan Defence Systems Ltd