Hotline: 1800 102 2007
X
Search Business Opportunities
2012-03-14

TVS Capital & IFC invest in Dunar Food

TVS Capital and International Finance Corporation (IFC) have jointly invested Rs 124 crore in Dunar Food, a leading basmati rice processor in Haryana.

TVS Capital and International Finance Corporation (IFC) have jointly invested Rs 124 crore in Dunar Food, a leading basmati rice processor in Haryana. The private equity firm invested its share of Rs 50 crore from its growth fund, TVS Shriram while IFC infused the rest of the capital.

Dunar Foods aims this move towards company’s further expansion in both domestic and overseas sector. “The company is growing rapidly since last five years and will grow more. IFC will assist the company for expansion of International market and will raise new market on global basis. Along with this TVS will assist the company in domestic market for expansion and taking over a good scale of Indian retail business,” states Ranjeev Aggarwal, Director, Dunar Foods Ltd.

The company exports the finest quality basmati to Europe, US and Middle East and houses state-of-the-art units in Haryana, Punjab, Madhya Pradesh and Uttar Pradesh manufacturing rice under the brand ‘Dunar’ in both the markets.

 “The funds raised will help for expansion of Technology in terms of Milling, Packaging and Storage,” adds Ranjeev. The company plans to go for IPO within next 3-4 years.

 - Sandeep Soni

Related opportunities
  • Quick Service Restaurants
    About:Baba Da Dhaba is a brand that serves lip-smacking North..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 350 - 12 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Casual dine Restaurants
    About: Mamu’s Infusion is a highly-popular and renowned fine dine restaurant..
    Locations looking for expansion Rajasthan
    Establishment year 1990
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Imitation/Art/Junk Jewellery
    About Us: Since1998, Mukesh Lakhara has had one aim – to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: The only nationalised Chinese wok Quick Service Restaurant (QSR)..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
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

Free Advice - Ask Our Experts