Modi Solvex

About the Company :

Modi Solvex started operations in the year 2001 as a partnership firm by Mr Anubhav Modi, Mr Narinder Kumar Modi, Mr Vijay Kumar Modi, Mr Ashish Modi and Mr Sahil Modi sharing profit and loss in the ratio of 25%, 25%, 20%, 15% and 15% respectively. The firm is engaged in the extraction of rice bran oil from rice bran at its processing facility located in Ludhiana, Punjab with an installed solvent extraction capacity of 8280 metric tonne of rice bran oil per annum as on February 20, 2021. The firm manufactures rice bran oil in semi-edible form for industrial use, which is sold to refineries based in Punjab and Haryana through brokers and commission agents.

Furthermore, the firm also sells its by-product i.e. de oiled rice bran cake to cattle feed manufacturers. The main raw material is rice bran which is mainly procured from rice millers based in in Ludhiana, Punjab. The firm has two group concerns, namely, Modi Foods Products and MDS Agro foods. Modi Foods Products is a partnership firm engaged in processing of paddy since 2007. MDS Agro foods are a partnership firm and are engaged in agro processing business.