Pajson Agro India IPO

Pajson Agro India Limited is a company that converts raw cashew nuts into processed cashew kernels for both the domestic and international markets. Apart from using raw cashew nuts, the company sells a range of dry fruits under the white-label brand "Royal Mewa". Pajson offers multiple grades, which are packaged for wholesale customers as well as for retail consumers.

The company has 4 distribution channels: wholesale mandis, institutional sales, exports, and B2C (Royal Mewa), through which it provides services in 18 states and 3 union territories. Among its institutional clients there are Bikanervala, More Retail, Nutraj, Farmley, Reliance Retail, and Haldiram. It also initiated exports to the UAE in FY25.

By segment, processing was the major contributor to revenue at 99.25%, while white label branding and miscellaneous revenue accounted for 0.71% and 0.04% respectively. In the B2B sector, wholesaler/distributor/retailer/trader manufacturer was responsible for 60.84% of the total revenue, institutions for 38%, and service provider for 0.17% as of September 2025. The company's regional revenue was primarily from Delhi, Andhra Pradesh, and Rajasthan.