Company Overview of N.K. Proteins Limited
N.K. Proteins Limited manufactures and supplies edible oils for consumer applications, and castor oil and its derivatives for industry applications in India and internationally. The company offers cooking oils, such as refined groundnut, corn, cottonseed, soyabean, and sunflower, as well as double filtered groundnut oils. It also provides refined castor oil for various applications, such as an ingredient in pharmaceuticals and cosmetics; film forming varnish or insoluble infusible polymer in combination with styrene and diisocynates; a lubricant component of coatings for vitamin and mineral tablets; an ingredient for petroleum oil-field de-emulsification; a capacitor impregnate; a sonar tran...
2nd / 7th Floor
Founded in 1992
Key Executives for N.K. Proteins Limited
Chairman and Managing Director
Compensation as of Fiscal Year 2014.
N.K. Proteins Limited Key Developments
N.K. Proteins Reportedly Mulls Sale
Apr 16 14
N.K. Proteins Limited has put it up for sale, according to sources in the know. Promoters have offered to sell the company to raise funds to pay National Stock Exchange Ltd (NSEL) investors. It is learnt the promoters have written to the Mumbai police, investigating the NSEL fraud, requesting its assets be unfrozen so that it could proceed with the sale. It isn’t known whether the company has approached the Maharashtra Protection of Interest of Depositors (MPID) court for the sale. It is understood to have appointed PricewaterhouseCoopers to advise it on the sale. Sources said both domestic and foreign multinationals were in the fray to acquire N.K. Proteins. “Since the properties of the borrower have already been attached, for the borrower to sell these requires permission from the MPID court, set up under the MPID Act. If the properties are sold, it can pay back NSEL investors, but if it isn’t, the MPID court will order auctioning of the properties. If the company is able to sell the assets, the money will go to an escrow account and will be used to make payments to NSEL investors,” said an official. Also queries sent to NK Proteins buy Business Standard remained unanswered and on condition of anonymity, a company official said NK Proteins was considering all possible options.
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