Suguna

completed

Suguna Poultry Farms Ltd. (Suguna or the company) is India’s largest poultry with its headquarters in the city of Coimbatore in the south Indian state of Tamil Nadu. The company follows an integrated model of poultry rearing wherein it works with around 10,500 contract poultry farmers. Suguna’s operations are currently concentrated in southern and western India, with a small presence in the eastern part of the country. The company’s operations is spread over five regions, which are Tamil Nadu (HQ in Udumalpet), Karnataka (HQ in Bangalore), Andhra Pradesh (HQ in Hyderabad), Maharashtra and Gujarat (HQ in Pune) and West Bengal (HQ in Kolkata). The company has recently commenced operations in Northern India with its regional HQ in Chandigarh. Typically each region has a set of feed mills, breeder farms, hatcheries and broiler farms (out-growers).Going forward, the company’s strategy is to expand breeder farm, hatchery and feed mill capacity. In order to achieve its strategy, over the next three years, the company proposes to implement an investment program and has requested IFC to provide debt and equity financing towards funding this program. The key components of this program are:- Expansion of breeder capacity;- Expansion of hatcheries capacity; and - Expansion of feed-mill capacity.