Food Additives and Ingredients, Food Ingredients, Personal Care Ingredients, Cosmetic Ingredients, Oils and Fats, Personal Care Applications
Organic/Conventional Cosmetic Butter: Mango Butter, Kokum Butter, Sal Butter, Shea Butter, Phulwara Butter, Mahua Butter, Organic Cosmetic Oil: Castor Oil, Neem Oil, Karanja Oil, Moringa Oil, Rice Bran Oil, Organic Glycerine: Organic Glycerine
Manorama Group is a leading Indian manufacturer and global supplier of specialty and exotic vegetable fats, butters, and oils, with a strong footprint in the food, cosmetics, and nutraceutical industries. Based in Raipur and Mumbai, the company has positioned itself as a sustainable and innovation-driven enterprise committed to value addition from underutilized forest-based resources such as Sal, Mango, Kokum, Mahua, and more. ### Company History and Background Founded in 2005, Manorama Industries Limited (MIL) began its operations with a vision to unlock the commercial and nutritional value of indigenous forest produce. Over the years, the company has evolved into a publicly listed entity on the Bombay Stock Exchange (BSE: 541974), demonstrating strong compliance, transparency, and sustained growth in the specialty fats and oils sector. With a strategic focus on backward integration and rural community empowerment, MIL sources raw materials through over 100,000 tribal and forest-dwelling collectors across 12 Indian states. The group has successfully created a value chain that benefits both the environment and local communities while ensuring traceable and sustainable supply for global clients. ### Core Business Manorama Group specializes in the manufacturing and export of: - Specialty Fats and Butters (Cocoa Butter Equivalents - CBE) - Natural and Organic Cosmetic Butters & Oils - Food-grade Oils & Fats - Nutraceutical-Grade Oils - Sustainable Plant-Based Lipids Its flagship product category includes Cocoa Butter Equivalents under the brand Milcoa, which is a widely accepted alternative to cocoa butter in the global confectionery industry. ### Product and Service Offerings #### Organic/Conventional Cosmetic Butters - Mango Butter - Kokum Butter - Sal Butter - Mahua Butter - Shea Butter - Phulwara Butter #### Organic Cold-Pressed Oils - Castor Oil - Neem Oil - Karanja Oil - Moringa Oil - Rice Bran Oil #### Other Products - Organic Glycerine - Custom Blended Lipid Solutions for food, cosmetic, and pharma sectors ### Unique Selling Proposition (USP) - Sustainably Sourced & Ethically Produced: Manorama's backward integration model connects directly with over 100,000 tribal collectors, ensuring traceability and community impact. - R&D Driven Innovation: In-house NABL-accredited labs and a team of scientists drive product innovation tailored for global markets. - Certifications: ISO 22000:2018, FSSC 22000, Organic (USDA, EU), Halal, Kosher, and Fair For Life. - Global Clientele: Serving 65+ international clients across 35 countries, including multinationals in the food and personal care sectors. - Brand Strength: Recognized globally under the Milcoa brand for high-performance cocoa butter equivalents. ### Financial Performance As per the company's FY 2023-24 report: - Revenue: ₹452.6 crore (approx. USD 54 million) - Net Profit: ₹25.8 crore (approx. USD 3.1 million) - EBITDA Margin: 14.7% - Exports Contribution: 72% of total revenue - Market Cap: Approx. ₹1,000 crore as of August 2025 The company has shown consistent year-on-year revenue growth with a CAGR of over 18% in the last five years. ### Shipment Records Based on international trade data from platforms like ImportYeti and Trademo: - Top Export Destinations: USA, Germany, Netherlands, Japan, France - Shipment Volume (FY 2023-24): Over 2,800 metric tons - Export Value: Approx. USD 39 million - Key Products Exported: Sal Butter, Mango Butter, Milcoa (CBE), Neem Oil, Organic Glycerine ### Target Market Manorama caters to a diversified global customer base, primarily in: - Food & Confectionery: Major chocolate and bakery brands - Personal Care & Cosmetics: Skin and hair care brands using natural emollients - Nutraceuticals: Omega-rich oils and dietary supplements manufacturers - Pharmaceuticals: Companies using natural excipients and delivery agents ### Manufacturing Capabilities - Location: Birkoni Industrial Area, Raipur, Chhattisgarh - Capacity: 25,000+ MT/year (with ongoing capacity expansion) - Facilities: Integrated production units for extraction, refining, fractionation, and hydrogenation - Technology: Cold-pressed, solvent-free processing; Supercritical CO₂ extraction; In-house R&D and QC labs - Sustainability: Zero liquid discharge, rainwater harvesting, and renewable energy initiatives ### Certifications & Compliance Manorama maintains a robust quality and sustainability compliance framework: - Quality & Food Safety: ISO 22000:2018, FSSC 22000 - Organic Certifications: USDA NOP, EU Organic, India Organic - Social Responsibility: Fair for Life, Sedex SMETA Audit Compliant - Halal & Kosher Certified - Sustainable Sourcing: Compliant with NDPE and traceability protocols ### Customer Testimonials > “We’ve been sourcing Milcoa for our confectionery applications and the performance has been at par with global standards. Their sustainability commitment is what sets them apart.” > – Product Innovation Lead, European Chocolate Manufacturer > “Manorama is more than a supplier—they are a true sustainability partner helping us meet our clean label goals.” > – Global Procurement Director, Multinational Personal Care Brand ### Recognitions and Achievements - Awarded 'Best Exporter of Value-Added Agro Products' by the Indian Ministry of Commerce - Recognized in Top 10 Green Companies in India by Industry Outlook Magazine - Strategic supplier for Fortune 500 companies in the FMCG sector - Partnered with government & NGOs for forest livelihood development in tribal belts Manorama Group continues to build a sustainable lipid economy that benefits both people and the planet, creating long-term value through innovation, inclusivity, and integrity.
