Temptation Foods Limited

About Us

Temptation Foods Limited (TFL) processes a variety of vegetables and fruits for the Indian markets and also exports the same to several of the biggest brands in USA, UK, Europe and the Middle East. We have one of the largest product ranges covering over 50 different types of IQF vegetables and fruits.

Background and Financials

TFL has been in the frozen foods processing and exports business since 1991. We process and Individually Quick Freeze (IQF) fruits and vegetables at our plants using the latest technology and processes. Being at the forefront of the Industry's development, we today represent one of the largest organized publicly listed companies in this domain. Till the last quarter of the year 2007 our focus was on growing and consolidating the frozen foods export business.

The Growth of TFL has been Exponential after VBAPL (Venture Business Advisors Private Limited; the current promoters of TFL) stepped in; starting from a small base. Our total income in the Financial Year ending March 31, 2008 was Rs. 3280 million derived principally from the international demand for frozen fruits and vegetables, our foray into the marine business and acquisitions of the Everfresh and Karen Anand brands. In the Financial Year ended March 31, 2008 vis-vis the Financial Year ending March 31, 2007 our total income has grown at a rate of 726% from Rs. 397 million to Rs. 3280 million and the Profit After Tax has grown from Rs. 58 million to Rs. 238 million, registering a growth of around 310%.

We have now entered the domestic processed food industry with an aim of becoming one of the dominant players in the sector.

The Indian Scenario

India with its population of 1.08 Billion people, growing at approximately 1.6% per annum is a large and growing market for food products. Food is still the single largest component of private consumption expenditure, accounting for as much as 53% of the total.

The Indian retail revolution is seeing high growth in the number of modern retail stores and the amount of freezer space in these. The consumer lifestyles are also changing with an increasing need for convenience and hygiene. All this will grow the latent demand for frozen and convenience foods.

Further, processing enhances shelf life of agricultural produce and thus reduces wastages. The role of food processing then becomes critical since agricultural production is targeted to double in the next 10 years.

Our Brands

We acquired the Everfresh brand of frozen Fruits and Vegetables from the K. K. Birla group in November 2007.

The Karen Anand range of gourmet products has also become a part of our portfolio around the same time. We produce the Karen Anand range of products at our plant in Jejuri near Pune in Maharashtra.

We service some of our institutional clients under the brand name of Delika.