How To Start an Atta Processing Business

 

 

Nobody who has spent a considerable amount of time in the Indian subcontinent needs an introduction to this food product. As the land of wheat flour, where the daily staple diet is fraught with food items like rotis, phulkas, chapatti and parathas, flour is one of the primary and essential components in the diet of the average Indian. In addition to these traditional meals, flour is also used in the preparation of fast food items like pizzas, pasta, doughnuts, noodles, bread, etc. As people are becoming more and more health conscious in today’s world, the demand for wheat flour over maida in the preparation of snack items is becoming more and more popular. The nutritional breakdown of atta boasts of many essential components that are required for good health. The demand for atta in the market is fostered not only by the many individual households that purchase the products but also by fast food chains that use this product for their food items. Therefore, if you plan to start a venture into this field, you will be sure to meet the profits you deserve. Detailed below are the steps involved in the setting up of your venture:

 

Market and preparation research

The first step to start your venture into the atta making business is to do adequate research. There are plenty of resources online that you can access for free to understand the different processes and pick the model that works best for you. Research on your competitors and understand the methods that have worked best for them and note what hasn’t – this helps you to learn from their mistakes in the beginning. You can also do research on the area in which you are starting your venture. Understand the needs and preferences of your target audience. Doing research about your venture online costs you absolutely nothing other than time and dedication. 

 

Legal requirements

To begin your venture, you must first register your business. You can structure your business in the way that best suits your needs and goals with the venture. You can either start a sole proprietorship or a partnership. Or you can opt for LLP, Pvt. Ltd. or Ltd Company. 

In addition, you will need to obtain a range of licenses from your local authority. The exact license requirement might differ from state to state, but a general overview is given below. This will cost you around 5000 INR.

  • Trade license from local authority
  • Udyog Aadhaar MSME Registration
  • FSSAI License
  • GST Registration
  • BIS Registration
  • No Objection Certificate from State PCB
  • Trademark registration

 

Establish the unit

The next step is to actually set your business unit up. You must look for the ideal location that works well with what you hope to achieve with your business. Generally, you can set your unit up within a space of 150-200 sq. ft. Purchasing the building can cost around 4 lakh INR.  If you cannot afford to buy the land, you can also rent it for about 20000 INR monthly (more or less, depending on the state you are living in). Make sure that the facility has good water supply and is spacious enough to house everything from raw materials to machines to finished products and employees. You must also ensure that transport facility to the unit is easy to access. 

 

Raw Materials

When you purchase raw materials, the basic aspect to keep in mind is the quality of the materials you are working with. Making sure that you choose the freshest available option in the market is imperative to meeting success in your business. To ensure that you are working with the best quality of raw materials, make good relationships with your suppliers early so that you can ensure long-term supply of your raw material. The raw material involved is basic: wheat. It is likely that you will find better prices for the raw material if you are closer to the point of cultivation and harvesting. This will cost you around 20000 INR.

 

Machinery

You will need to purchase the machines that convert your unprocessed raw material into perfectly manufactured and packaged products. Make sure that you invest in good quality machines that can last you a long time into the future. Eventually, you can also switch to automatic manufacturing machines, but that is more suited to established businesses. Some of the equipments required in this venture include bucket elevator, reel machine, de-stoner, intend cylinder, weighing scale, etc. You will need to spend about 4 lakh INR on purchasing equipments at the initial stage.

 

Arrange for insurance

When you begin a business venture, all kinds of risks can be expected along the way. Since you invest so much of your money, time and energy into the venture, it is highly recommended to get insurance. You can insure the equipments, the building as well as the business as a whole. It will cost you around 1 lakh INR.

 

Promotion

You must have a solid marketing plan when you make your venture into the business. Promotion is an essential part of any business, particularly in the context that you are beginning a fresh venture for the first time. Make sure that you choose an attractive name, logo and tagline for your business. You can also pay for advertisements newspapers in the local area that your business is situated in. Make use of the internet and social media platforms to market your product to the right people. Have an active social media profile where you can update content about the journey of your venture and thereby start a story. 

 

Let us now look at the costs you can expect to incur along the way:

Building: 4 lakh INR

Machinery: 4 lakh INR

Miscellaneous: 1 lakh INR

Insurance: 1 lakh

Raw materials: 20000 INR

Electricity (monthly): 9000 INR

Licenses: 5000 INR


Here’s a simple checklist to ensure you get everything right:

  • Structure: Sole Proprietorship, Partnership, LLP, Pvt. Ltd. or Ltd Company.
  • Licenses: Trade license from local authority
  • Udyog Aadhaar MSME Registration
  • FSSAI License
  • GST Registration
  • BIS Registration
  • No Objection Certificate 
  • Trademark registration
  • Machinery: Bucket elevator, reel machine, de-stoner, intend cylinder, weighing scale, etc.
  • Raw materials: Wheat

Comments

Post a Comment

Popular posts from this blog

"Zoho Corporation: Revolutionizing Business Operations with Integrated Software Solutions"

Image
  Zoho Corporation is a privately-held software company that provides a suite of web-based business tools and information technology solutions. It was founded in 1996 by Sridhar Vembu and Tony Thomas in Pleasanton, California. Originally called AdventNet, the company's first product was a network management software suite called ManageEngine. However, the company's focus shifted in 2005 when it launched its first cloud-based business application, called Zoho Office Suite. This included a range of productivity applications, such as a word processor, spreadsheet, and presentation software. Zoho's cloud-based applications quickly gained popularity due to their ease of use, affordability, and integration capabilities. Today, Zoho offers over 40 cloud-based applications for businesses, including customer relationship management, project management, human resources, and accounting software. Over the years, Zoho has continued to grow and expand its offerings, with a focus on servi...
Read more

Bob Iger Success Story - CEO The Walt Disney Company

Image
 Bob Iger is a renowned American businessman, known for his role as the CEOand Chairman of The Walt Disney Company. Bob Iger With Johnny Depp and Tom Cruise Childhood Born in 1951 into a Jewish family, Bob grew up in theLong Island town of New York’s Oceanside. His father, Arthur L Iger was a WWII veteran and worked withthe Greenvale Marketing Corporation as the Executive Vice President and General Manager. He also taught as a professor of advertising and public relations. Iger’s mother worked in Oceanside at Boardman Junior High School. Early Career Bob Iger completed his undergraduate studies at the Ithaca College. He graduated from Roy H. Park School of Communications at Ithaca with a Bachelor of Sciencedegree in Television & Radio. In the mid 70s Iger started off work as a local TV weatherman before joining the American Broadcasting Company. Within two decades of work, Iger earned the title of president of ABC’s Netwo...
Read more

"Pioneering Investment: The Power Players of India's Venture Capital Industry"

Image
  T here are many investors in India who have invested in startups. Here are some of the top investors in India with details of their investments: Sequoia Capital India: Sequoia Capital India is one of the leading venture capital firms in India. It has invested in many successful startups, including Oyo, Byju’s, Zomato, and Freshworks. Accel Partners: Accel Partners is another top venture capital firm in India. It has invested in companies like Flipkart, Swiggy, and Cure.fit. Tiger Global Management: Tiger Global Management is a global investment firm that has made several investments in Indian startups. Its portfolio includes companies like PolicyBazaar, Urban Company, and Groww. Nexus Venture Partners: Nexus Venture Partners is a venture capital firm that has invested in companies like Delhivery, Unacademy, and ZoloStays. Kalaari Capital: Kalaari Capital is a venture capital firm that has invested in startups like Dream11, Curefit, and Urban Ladder. SAIF Partners: SAIF Partners i...
Read more