Foods & Inns

What Foods & Inns does

Foods & Inns Limited is an Indian food processing company incorporated in 1967 and publicly listed on the NSE and BSE under the ticker FOODSIN. The company processes fruits and vegetables across four primary technology platforms: aseptic processing (thermally processed, sterilized pulp and purees in shelf-stable packaging), IQF freezing (individual quick frozen fruits and vegetables), Tetra Recart packaging (sustainable shelf-stable cartons) and spray drying (fruit and vegetable powders). Its portfolio spans canned fruit purees, non-aseptic pastes, IQF fruits and vegetables, frozen flatbreads, frozen snacks, spray-dried powders and a growing line of value-added innovations including riced and spiralized vegetables, prepared curries and chutneys. The company is recognised as one of the largest mango pulp processors in India.

Foods & Inns operates a vertically integrated supply chain with direct contracting relationships with more than 10,000 farmers, seven integrated manufacturing plants across Nashik, Chittoor and Valsad, and logistics infrastructure in Mumbai, Chennai and the Netherlands. Approximately 1,000 farmers have been certified under Rainforest Alliance, SAI Platform and FairTrade programs. The company holds a broad stack of international certifications (FSSC 22000, USFDA, USFDA FSMA, USDA Organic, EU-Organic, Non-GMO, Kosher, Halal, SMETA/SEDEX, SGF, FSSAI) enabling access to regulated export markets.

The business is dual-channel. The legacy and dominant stream is B2B: bulk supply of processed ingredients to food service companies, beverage manufacturers, dairy processors, ice-cream and yogurt producers, and retailer private-label customers under quote-based pricing for large orders. A newer B2C stream, initiated in 2019 alongside the acquisition of the Kusum Masala spice brand, sells consumer products under the Madhu and Green Top labels through Amazon India, Flipkart and physical retail stores at MRP-based unit pricing. For fiscal year 2022-23, the company reported turnover of USD 110mn+ and processed over 300,000 MT of fruits and vegetables.

Name

Foods & Inns

Legal name

Foods and Inns Limited

Website

https://foodsandinns.com

Company type

Public

Founded year

1967

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Foods & Inns is an Indian food processor founded in 1967 that produces aseptic fruit pulps, IQF fruits and vegetables, canned purees, spray-dried powders and frozen snacks, supplying B2B ingredient customers and B2C consumer brands (Madhu, Green Top, Kusum Spices) domestically and internationally.

Ownership category

akta.pro rank

Product category

Fruit and Vegetable Processing

NAICS

Fruit and Vegetable Preserving and Specialty Food Manufacturing (3114), Fruit and Vegetable Canning, Pickling, and Drying (31142), Frozen Fruit, Juice, and Vegetable Manufacturing (311411), Dried and Dehydrated Food Manufacturing (311423), Specialty Canning (311422)

SIC

Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030), Canned, Fruits, Veg, Preserves, Jams & Jellies (2033), Food And Kindred Products (2000), Miscellaneous Food Preparations & Kindred Products (2090)

akta.pro primary industry

Purees & Fruit/Vegetable Bases (Aseptic, Frozen, Drum) (AFAKAFAD)

akta.pro secondary industries

Fruit & Vegetable Ingredients for Food Manufacturing (Diced, Slices, Fillings, Toppings) (AFAKAFAI), Dried & Dehydrated Foods Manufacturing (AFAKACAK), Fresh-Cut & Value-Added Produce (Washed, Peeled, Sliced, Packaged) (AFAKAFAA)

Keywords

• Fruit pulp processing
• Aseptic packaging
• IQF vegetables
• Canned fruit purees
• Spray dried powders

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. B2B Food Processing Ingredients: Supply of processed fruit and vegetable products including aseptic pulp, concentrates, IQF fruits/vegetables, canned products to food service companies, beverage manufacturers, dairy processors, ice-cream and yogurt producers.
2. B2C Consumer Brands: Sale of branded consumer products under Madhu, Green Top, and Kusum Spices brands through e-commerce (Amazon, Flipkart) and retail stores.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels3 records

Core offering

Foods & Inns processes and manufactures fruit and vegetable products across multiple preservation formats — aseptic pulps and purees, canned fruit purees, IQF fruits and vegetables, frozen flatbreads and snacks, non-aseptic pastes, and spray-dried powders. The company primarily supplies B2B food service operators, beverage manufacturers, dairy, ice-cream, and yogurt producers and retailer private labels globally, while also selling B2C consumer brands (Madhu, Green Top, Kusum Spices) through Amazon, Flipkart and retail outlets.

Product overview

Foods & Inns is a food processing company offering a diverse portfolio of fruit and vegetable products across multiple preservation formats. The product range includes: (1) Aseptic Products - thermally processed pulps and purees packed aseptically; (2) Canned Fruit Purees - thermally processed and canned products; (3) Non-Aseptic Products - thermally processed pastes; (4) Spray Dried Powders - fine granule powders for food applications; (5) Frozen Products - encompassing Frozen Flat Breads (naans, parathas), Frozen Snacks (samosas, spring rolls), IQF Fruits, IQF Vegetables, and Innovations (riced/spiralized vegetables, curries). The company operates both B2B (ingredient supplier to food service, beverage, dairy, ice-cream industries) and B2C channels through consumer brands Madhu and Green Top. With 7 integrated plants and state-of-the-art equipment including Tetra Recart technology, the company processes over 3,00,000 MT of fruits and vegetables annually.

Differentiator

Problem solved

Functional benefit

Brands

• Madhu Fruit Pulps: Brand for canned fruit pulps including Alphonso and Kesar mango pulp, available on Amazon and Flipkart
• Green Top
• Kusum Spices

Products and services

• Aseptic Products Thermally processed and aseptically packed fruit pulps and purees (Alphonso and Kesar mango pulp, totapuri mango, white guava, pink guava, red papaya, tomato paste, banana puree, mixed fruit puree) supplied to B2B beverage, dairy, ice-cream and yogurt manufacturers in bulk, with 12-18 months shelf life and full international food safety certifications.
• Canned Fruit Purees Canned fruit purees including Alphonso mango pulp (natural, tree-ripened, hand-peeled premium, sweetened variants), white guava puree, tomato puree, whole peeled tomato and Kesar mango pulp, packed in cans with 18-month shelf life for B2B food service, beverage and ingredient customers.
• Spray Dried Powders Spray-dried fruit, vegetable, dairy and colouring powders (annatto, apple, banana, beetroot, caramel, cheese, curd, guava, honey, lemon, mango, orange, pineapple, pomegranate, strawberry, tamarind, tomato) for confectionery, beverage, soup and food colouring applications.
• Non-Aseptic Products Non-aseptic thermally processed pastes including tamarind paste, garlic paste, ginger paste, fermented red chilli paste, red chilli paste and green chilli paste, with salt and citric acid as preservative, supplied to food service and ingredient customers.
• IQF Fruits Individually Quick Frozen (IQF) fruits including amla, coconut, white guava, lemon/lime, mango, muskmelon, Nagpur orange, papaya, pomegranate, strawberry, watermelon and banana, contract grown and frozen by IQF for B2B customers in dairy, beverage, baking and food service.
• IQF Vegetables Individually Quick Frozen vegetables including beetroot, cabbage, carrot, cauliflower, chick peas, French beans, green capsicum, green peas, onion, potato, sweet corn, tomato, asparagus, broccoli, mushroom, zucchini, okra and other regional vegetables, processed by IQF/Spiral/Blast Freezers for B2B and consumer-brand customers.
• Frozen Flat Breads Frozen flatbreads for HORECA and retail including Bite Naan, Tear Drop Naan, Garlic Cheese Coriander Stuffed Naan, Aloo Stuffed, Aloo Paratha, Lacha Naan, Malabar Paratha and Moroccan Flatbread, produced from contract-grown ingredients and frozen by IQF or Spiral Freezers.
• Frozen Snacks Frozen savoury snacks for HORECA and retail including Patti Samosa, Punjabi Samosa, Spring Rolls, Veg Pakodas, Onion Bhaji, Veg Patra and Aloo Tikki, in multiple sizes and variants for foodservice, QSR and retail customers.
• Innovations (Riced, Spiralized, Curries and Chutneys) Innovative frozen vegetable and prepared food products including riced vegetables (beetroot, carrot, cauliflower, sweet potato), spiralized vegetables (zucchini, butternut squash, beetroot, carrot), vegetable mixes, ready-to-heat curries (Tikka Masala, Vindaloo, Green Curry, Chole Masala, Rajma Masala) and chutneys (tamarind, mint).
• Madhu (Consumer Brand) Consumer-facing brand offering canned Alphonso and Kesar mango pulp products to retail consumers through Amazon India, Flipkart and physical retail stores as part of the company's B2C business introduced in 2019.
• Green Top (Consumer Brand) Consumer brand for IQF vegetables (carrot, green peas, mix veg, okra rings, sweet corn), Aamras 500g and Tomato Puree (200g, 500g) sold through Amazon, Flipkart and physical retail stores including in Ghatkopar and Chembur.
• Kusum Spices (Consumer Brand) Branded spices business acquired in 2019 (formerly Kusum Masala), distributed through Indian retail channels, operating under wholly-owned subsidiary FNI Spices Private Limited.
• FNI Spices Private Limited (Spice Processing Subsidiary) Wholly-owned subsidiary of Foods & Inns Limited that operates the branded spices processing business acquired through the 2019 Kusum Masala acquisition.

Quantifiable outcome

• Processed over 3,00,000 MT of fruits & vegetables in fiscal year 2022-23
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and major.

• Rainforest AlliancecoreOthersPartnership for sustainable farming certification. As of 2019, close to 1,000 farmers certified under various programs including Rainforest Alliance.
• SAI PlatformcoreOthersFarm sustainability certification partnership through SAI Platform programs for farmer certification.
• FairTradecoreOthersFairTrade certification partnership ensuring ethical trading practices and fair prices for farmers.
• 10,000+ FarmerscoreOthersDirect relationships with over 10,000 farmers providing agronomic support through horticulturists. Ingredients are contract grown ensuring traceability.
• Amazon IndiamajorChannel Partner/ Reseller/ DistributorE-commerce marketplace for Madhu brand canned mango pulp products.
• FlipkartmajorChannel Partner/ Reseller/ DistributorE-commerce marketplace for Madhu brand canned mango pulp products.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Jain Farm Fresh Foods (Jain Irrigation Systems): Indian fruit and vegetable processing subsidiary of Jain Irrigation, producing aseptic pulp, concentrates, IQF, and dried products for beverage and dairy customers. Directly comparable in product mix, B2B ingredient focus, and global export orientation.
• ADF Foods: India-listed packaged and processed food company focused on ethnic sauces, pickles, and B2B ingredients with strong export markets. Comparable as a publicly listed Indian food processor serving international retailers and food service via a multi-country distribution footprint.
• Heritage Foods: India-listed integrated dairy and food processor with retail and B2B channels. Comparable in vertically integrated Indian food processing, dairy-adjacent ingredient supply, and listed-company transparency.
• SunOpta: North American fruit and vegetable ingredient company focused on aseptic packaging, IQF, and organic-certified supply to food and beverage manufacturers. Closely comparable in technology stack, certification-driven premium positioning, and B2B ingredient model.
• Bikaji Foods International: India-listed packaged and frozen food company with snacks, frozen, and ethnic foods sold domestically and abroad. Comparable as an Indian listed B2C/B2B food processor building international distribution and processed food capabilities.
• Hain Celestial: Global organic and natural foods company with fruit, juice, and frozen ingredients. Directly comparable in organic and fair-trade certified ingredient supply to global beverage and food brands, with a similar technology-led fruit processing base.

Broad incumbents

• ITC Foods (ITC Limited): Large Indian conglomerate with a significant packaged foods, frozen, and ingredient portfolio across snacks, frozen vegetables, and ready-to-eat meals. Overlaps with Foods & Inns on frozen and fruit-based categories but at a far larger scale and broader portfolio.
• Varun Beverages: India-listed large beverage bottler that is both a major potential customer of fruit pulp and an adjacent Indian food-processing peer. Comparable end-market exposure to beverage manufacturers that buy fruit pulp ingredients.
• Dabur India: Large India-listed consumer products company with fruit-based beverages, honey, and packaged foods. Overlaps on fruit processing and consumer brand development; broader portfolio but relevant demand-side comparable.
• Döhler Group: Global B2B supplier of fruit, vegetable, and beverage ingredient systems including aseptic pulp and concentrates. Comparable technology stack and customer base (international beverage, dairy, ice-cream manufacturers), serving as a global peer for ingredient depth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foods & Inns