The business model of “Rajgor Castor Derivatives Limited” (formerly known as “Hindprakash Castor Derivatives Private Limited,” “Ardent Castor Derivatives Private Limited,” and “Rajgor Castor Derivatives Private Limited”) primarily involves the manufacturing and sale of castor oil and its derivatives. Here are the key components of their business model:

1. History and Name Changes: The company has gone through several name changes and transformations, evolving from a private limited company into a public limited company. These changes may have been driven by strategic considerations or business developments.

2. Manufacturing: The core of their business is the manufacturing of castor oil and its derivatives. This includes Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake, and High Protein Castor De-Oiled Cake. These products are produced at their Castor Plant in Harij.

3. Product Range: Castor oil is a versatile product with multiple industrial applications, including use in lubricants, paints, pharmaceuticals, cable insulators, sealants, inks, rubber, textiles, and more. It is also used for personal care and medical applications.

4. Business-to-Business (B2B) Model: The company primarily operates on a B2B business model, supplying its products to other businesses rather than directly to consumers. This means their customers are typically industrial or commercial entities.

5. Quality Focus: Quality control and inventory management are key operational priorities. They maintain in-house testing laboratories and adhere to strict quality standards to provide high-quality products to their customers.

6. Customer Satisfaction: The company emphasizes customer satisfaction by offering quality products and maintaining transparent business dealings. They aim to build and maintain strong relationships with their customers.

7. Promoter Involvement: The promoters, Vasantkumar Shankarlal Rajgor, Maheshkumar Rajgor, and Brijeshkumar Vasantlal Rajgor, have extensive experience in castor oil and derivatives manufacturing. They are actively involved in day-to-day operations, overseeing sales, purchases, plant operations, finance, and general administration.

8. Geographic Presence: The company serves customers in various states across India, including Gujarat, Delhi, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttarakhand.

9. Expansion Goals: The company aims to grow its operations on a pan-India basis and establish its brand as a distinguished name in the industry. This suggests a focus on expanding their market presence and brand recognition.

Competitive Strengths

i. Experienced Management Team:
ii. Quality Control and Quality Assurance:
iii. Diversified business model and customer base