Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 26 2017

​Modern Food aims to expand presence to central and nothern parts of India

Modern Food Enterprises plans to enter Delhi, Punjab, Haryana markets in the next one year

Bread maker, Modern Food Enterprises is planning to re-enter the Delhi market in next one year, either organically or through acquisitions, a top company executive said.

Aseem Soni, CEO, Modern Food, said, "We are not present in Delhi, Punjab, Haryana. In the next 12 months, we should be entering (these markets). The opportunity can exist in an acquisition, a joint venture or we may decide to do it ourselves."

He said, "Delhi is one of the largest markets and we are not there. Once upon a time Modern used to be the number one brand in Delhi. We are looking at the central and northern parts of India where we are not present the way we should be."

The company clocked a turnover of Rs 270 crore last fiscal and is eyeing a growth of 25 per cent in the current financial year.

Soni said, "The company is targeting a revenue of Rs 1000 crore by 2021 and also planning to enhance its non-bread portfolio, which it expects would contribute one-third of the revenue by then."

Currently, the firm's non-bread portfolio is present mainly in the southern market and contributes around 7-7.5 per cent of the turnover.

He said, "Modern, we feel, somewhere has the right to play in the bakery category. Longer shelf-life products like cakes, muffins, cream-filled things, for that we are setting up a new vertical within the organisation. By the end of this year, we will have a very exciting portfolio."

He further added, "Cakes and rusks are definitely the category we will enter. I don't think we want to play in the biscuit and cookies segment as of now."

Comment
image
Related opportunities
  • CAD/CAM/CAE & Multimedia
    About Us: CogniznR is a venture of Rudrabhishek Infosystem Pvt. Ltd...
    Locations looking for expansion Uttar pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets Less than 10
    Franchise Type Unit
    Headquater Noida Uttar pradesh
  • Casual dine Restaurants
    About Us: MOETS has been the pioneer in establishing the Restaurant..
    Locations looking for expansion Haryana
    Establishment year 1998
    Franchising Launch Date 2016
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gurgaon Haryana
  • Robotics & Technical Training
    About Us: Robotech is pioneering ed-tech firm and is making in-roads..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
  • Fine Dine Restaurants
    About Us: India’s first conveyor belt restaurant        &..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities