Three Bihar friends build Rs 2.5 crore business from banana waste
Taruwar Agro converts discarded banana stems into products like yoga mats and baskets, generating significant revenue in FY26.
Three friends from Bihar, Jagat Kalyan, Satyam Kumar, and Nitish Kumar Verma, have built Taruwar Agro, a business that turns banana plant waste into various products. According to Moneycontrol, the venture recorded revenue of approximately Rs 2.5 crore in FY26, starting from an initial investment of around Rs 20 lakh.
The company uses banana fibre to manufacture items including yoga mats, baskets, file folders, and prayer mats. It also processes other parts of the plant to create vermicompost and plant nutrition liquid. The founders, who met while pursuing their MBA, decided to build the business in their home state despite having corporate job opportunities.
Taruwar Agro purchases discarded banana plants from farmers to extract, clean, and dry the fibre using specialised machinery. This process allows farmers to earn additional income from stems that are usually thrown away. The company's workforce is nearly 60 per cent women, as the founders trained local people to handle the operations.
The business sells through B2B and B2C channels, including its own platform and Amazon, Flipkart, and Meesho. The founders have also entered the makhana segment with raw and roasted varieties. They are currently exploring overseas markets, having sent product samples to France and the Philippines.