SUBSIDIARY NAME
The Kute Group of industries
COUNTRY
INDIA
SECTOR/ INDUSTRY
OIL AND GAS
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
June 22, 2022
ACQUISITION VALUATION
1.1 BILLION
TOTAL ASSET VALUATION
11 BILLION
ENERGY-OIL-REFINERY-GAS
The Kute Group of industries by Suresh D Kute acquired on June 22, 2022.
The Kute Group of industries are leading Edible Oil Producer / Manufacturer in India along with Other verticals ;Milk daily, Milk N Milk Products, Infrastructure, Real Estate, 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.
Group Mission – We are committed to providing quality and services with innovative approach to create value for all.
Group Vision – At the Kute Group, Our vision is to keep humankind happy through Continuous dedication in our actions.
SUBSIDIARY NAME
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The Kute Group of Industries
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