Animal healthcare solutions company Ajooni Biotech is looking to generate additional revenue of INR2bn ($27m) from its Moringa farming project in Rajasthan over the next seven years. The scheme aims to produce Moringa-mash, bio-coal, oil, carbon credits, and seed cake and generate profit margins of around 20%. The goal of the project is to improve animal productivity, reduce global warming and enhance farmers’ income by doubling it over time. Ajooni has begun a pilot Moringa farming project in Rajasthan, and hopes to acquire the land needed for seed production. The company believes that Moringa-based biodiesel and Camelina Oil and intercrop sustainable aviation fuel can bring energy security and reduce foreign exchange expenditure. The project also has the potential to attract high-value industries to Rajasthan by providing feed stock in areas such as biodiesel, sustainable aviation fuel, torrified renewable coal, animal feed and pharma products.
Established in 2010, Ajooni Biotech offers animal feed, supplements and healthcare solutions to enhance productivity and increase yields for livestock farmers. Operating across seven Indian states, it has two manufacturing plants with a collective animal feed production capacity of 160,000 metric tonnes per year, as well as a liquid supplements capacity of 30m litres per year. The firm is ISO and good manufacturing practice-certified, is registered with India’s Department of Dairy Development and is an ISI mark cattle feed manufacturer.
Last year, Ajooni Biotech raised INR290m via a rights issue, with the funds intended to cover working capital, expansion, new geography launches and general corporate uses. In December 2022, it secured Zero Effect Zero Defect (ZED) certification from India’s ministry of micro, small and medium-sized enterprises, becoming the country’s first animal feed manufacturer to do so. The company is also exploring export markets in Nepal, Bhutan, Africa, South Asia and the Middle East.