The Company was incorporated as Prataap Snacks Private Limited on March 23, 2009 at Gwalior as a private limited company under the Companies Act, 1956. Thereafter, pursuant to a special resolution passed by the Shareholders on September 9, 2016, the Company was converted into a public limited company and the name was changed to Prataap Snacks Limited. The RoC issued a fresh certificate of incorporation consequent to change of name on September 19, 2016.
Major events and milestones of the Company 2002 -Incorporation of Prakash Snacks Private Limited.
2004 -Prakash Snacks set up a plant to manufacture potato chips in Indore.
2006 -Prakash Snacks installed a plant to manufacture chulbule in Indore.
2009 -Incorporation of the Company.
2010 -The plant at Indore for manufacturing extruded snacks received ISO 22000:2005 certification.
2011 -Incorporation of the wholly owned subsidiary Pure N Sure Food Bites Private Limited. -The Company, by way of slump sale, took over the business of Prakash Snacks. -The Company acquired the brand Yellow Diamond from Prakash Snacks. -The Company commissioned plants to manufacture rings and namkeen in Indore. -Investment by Sequoia in the Company aggregating to Rs. 620 million.
2012 -The Company set up a new plant to manufacture potato chips in Indore. -Investment by Sequoia in the Company aggregating to Rs. 120 million.
2013 -Investment by Sequoia in the Company aggregating to Rs. 300 million.
2014 -The Company commissioned a plant to manufacture rings, chulbule and pellets at Guwahati. -Investment by Sequoia in the Company aggregating to Rs. 250 million.
2015 -The Company increased the capacity of chulbule and rings manufacturing plants in Indore.
2016 -The Company has commissioned a new plant to manufacture rings at Guwahati. -The plants at Indore for manufacturing potato chips and namkeen received ISO 22000:2005 certification. -Conversion of the Company into a public limited company and change of name to Prataap Snacks Limited.
2017 -The Company has undertaken a Pre-IPO Placement of 533,000 Equity Shares for cash consideration amounting to Rs. 500 million.
-Prataap Snacks, the maker of Yellow Diamond Chips which is endorsed by actor Salman Khan, said that its subsidiary, Pure N Sure Food Bites, has launched new variety of sweet snacks.
2021
-'Receipt of Approval under Production Linked Incentive (PLI) Scheme of Government of India.'.
- Commercial production at the newly set up Unit situated at Plot No. 5511, 5512 and 5513, Mouza - New Kolorah, Police Station - Domjur, District - Howrah, West Bengal - 711302 has commenced on 26th July, 2021. The aforesaid Unit has been set up for production of extruded snacks, pellets and other snacks with a capacity of about 6,000 MT per annum.
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