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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.

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