Mitra merges with Tierra Agrotech in ₹787 cr deal ahead of IPO
The merger eliminates Mitra’s dependency on external suppliers for raw materials and aims to improve margins through tighter quality control across the production chain.
Delhi NCR-based FMCG company Mitra has announced a merger with BSE-listed Tierra Agrotech in a transaction valued at ₹787 crore, with plans to list on the stock exchange by September 2026. The deal creates an integrated food platform covering seed development, crop cultivation, processing and branded consumer products.
The merger brings together Mitra’s retail distribution network with Tierra’s agri-infrastructure capabilities. Mitra currently operates across 38 cities with over 40,000 retail outlets and 500 distributors, positioning itself as the second-largest player in the Delhi NCR packaged flour market after ITC. The company, founded in 2023 and operated by Nishpra Community Solutions, sells flour, pulses, rice, spices, oils and instant mixes.
Tierra Agrotech, established in 2012 through the acquisition of Monsanto’s cotton business and Xylem, brings expertise in crop science and agricultural supply chain management. The Hyderabad-based company will provide upstream integration for Mitra’s food manufacturing operations.
Abhishek Kaushik, founder of Mitra, will serve as promoter and managing director of the combined entity. The company expects consolidated revenues of approximately ₹400 crore in FY27, driven by operational efficiencies from vertical integration.
Bestvantage Investments advised on the transaction structure. The deal requires approvals from SEBI and the National Company Law Tribunal, with operational integration expected to complete by the third quarter of FY 2026-27.
The merger eliminates Mitra’s dependency on external suppliers for raw materials and aims to improve margins through tighter quality control across the production chain. The subsequent IPO is intended to fund capacity expansion and support nationwide distribution growth.
The shares of Tierra Agrotech Ltd were trading on the BSE at ₹49 up by ₹0.58 or 1.20 per cent today at the morning trade.
Published on January 14, 2026
