Elitecon International Limited has taken a significant step to strengthen its presence in the FMCG sector by acquiring equity stakes in two agro-focused companies, Landsmill Agro Private Limited and Sunbridge Agro Private Limited. With this move, both companies have now become subsidiaries of Elitecon, marking a major expansion of its business in agro products and allied activities.
Landsmill Agro Private Limited, incorporated on October 3, 2019, has a paid-up share capital of ₹9.36 crore. The company reported a turnover of ₹1,39,480.05 lakh for the financial year 2024-25, up from ₹45,533.15 lakh in 2022-23, showcasing strong growth over the last three years. Elitecon acquired a 55% stake in Landsmill Agro for a total cash consideration of ₹52.85 crore, paying ₹102.67 per share for 51.48 lakh equity shares. This acquisition is aimed at enhancing Elitecon’s operational scale, deepening its product offerings, and diversifying revenue streams within its FMCG vertical.
Sunbridge Agro Private Limited, established on February 7, 2022, carries a paid-up share capital of ₹19.12 crore and reported a turnover of ₹1,44,304.32 lakh for FY 2024-25. Elitecon acquired a 51.65% stake in Sunbridge Agro for ₹128.40 crore, purchasing 98.77 lakh equity shares at ₹130 per share. This acquisition further reinforces Elitecon’s strategy to expand its FMCG footprint and leverage synergies across production, marketing, and distribution.
The primary objective behind both acquisitions is to consolidate Elitecon’s position in the FMCG sector. By integrating Landsmill Agro and Sunbridge Agro into its portfolio, the company seeks to boost operational efficiency, strengthen product depth, and diversify its revenue base. No governmental or regulatory approvals were required for these acquisitions, and Elitecon plans to complete 100% equity acquisition of both entities within the next 12 months.
