Company report: Temptation Foods

June 6, 2008

Keynote Capitals presents report on Temptation Foods Ltd., Indian fruits and vegetables (F&V) processing company.

Highlights

Huge potential of the Indian food processing sector
The Indian processed food business was estimated at Rs49bn in FY05. In India, less than 2% of the produced food is processed. Processing for fruits and vegetables is likely to increase to 10% and 15% in FY10 and FY15 respectively. This will drive market size to Rs290bn in FY10 and Rs546bn in FY15.

Government measures to encourage investments in the food processing sector
Various organizations such as APEDA, Ministry of Food Processing, National Horticulture Board and State Governments have launched schemes to incentivise investments in the food processing sector, particularly for setting up new processing facilities, creating backward linkages with farmers, infrastructure development, etc.

TFL is a leading player in the processed fruits and vegetables segment
TFL is largely a fruits and vegetables (F&V) processing company. Marine products bring in considerable revenues, as a result of the recent acquisition.

Experienced management
TFL is run by a team of professionals led by Mr. Vinit Kumar, who has over 16 years of experience. It is professionally managed, with both Board members and managers from reputed global consumer companies. It has set up an M&A team which constantly works on creating and executing deals.

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