Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Funding 17 Oct 2014

Nitin Passi of Lotus Herbals says the brand doesn't need any funding

Clearing the air over the brands’ funding requirement, Nitin Passi, Chairman and MD, Lotus Herbals says the brand is doing well and does not require any funding.

Answering the growing speculations of the market, scion of Lotus Herbals, Nitin Passi said that the brand doesn’t require any funding from the private equity players who were wooing the brand aggressively.

According to a report by a leading business daily, The Economic Times, Passi said, “We won't sell out and we don't have plans to list in the near term. Neither do we need private equity funding. We are running the business pretty well."

Passi, who is the director for sales and marketing of the brand, is handling the day-to-day operations of the company while his younger brother Dilip is handling the production. The brand was established in 1993 by his father and CMD of the company, Kamal Passi who is presently taking care of the overseas research operations of the company.

Presently, the brand’s hot sellers are Lotus lip balms in Mizoram, Sunblock at Faridkot in Punjab, Kajal in places like Gwalior and Indore, and lead-free sindoor in West Bengal. The brand’s WhiteGlow has the highest growth within modern trade, which is even more than Olay, Pond's and Garnier, the report states further.

Citing the growth of the brand in unconventional markets where its sales have taken the company by surprise, Nitin Passi noted, “We are perpetually out of stock on our lead-free sindoor," said Passi. Its first-of-its-kind gel crème in the fairness category targets consumers in markets like Chennai, where humidity levels are high.”

Comment
Related opportunities
  • Quick Service Restaurants
    About:Started by Vishal Gupta and Hardik Khandwala in Mumbai, WTC..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Dear Investor,Kalorex is name synonymous with education par excellence. We..
    Locations looking for expansion Gujarat
    Establishment year 1995
    Franchising Launch Date 2008
    Investment size Rs. 5lac - 10lac
    Space required 2000 - 4500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Automobile garage related
    Job Consultancy and Computer centre business, certified courses of Microsoft..
    Locations looking for expansion Haryana
    Establishment year 2003
    Franchising Launch Date 2006
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ambala Haryana
  • Furniture/Home Decor & Furnishing
    About:An innovative brand that Nilkamal is, they started ‘Home Ideas’..
    Locations looking for expansion Maharashtra
    Establishment year 1990
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City 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
More Stories