The Midland Rubber & Produce Co Ltd Share Price | Live Update | Company Overview

Company Overview

The Midland Rubber & Produce Co ltd is a group company of AVT Group. The company was formed in 1937 and is engaged in the business of plantation and cultivation of tea, rubber and cardamom. 

During FY 2021, the company achieved consolidated turnover of ₹ 64 crores with net income of ₹ 28 crores. 

Business Model

The principal business of the company is the cultivation of tea, cardamom and rubber. During FY 2021, the company produced 15.6 lacs kgs of tea, 0.73 lac kg of cardamom and 2.17 kgs of rubber. During FY 2021, tea accounted for 72%, cardamom 19% and rubber 7% of the total income. 

The company has one majority-owned subsidiary: Midland Latex Products Ltd 

Registered Office

The registered office of the company is located at 27/1032, Panampilly Nagar, Ernakulam, Kerala.