Hexagon Nutrition

What Hexagon Nutrition does

Hexagon Nutrition Ltd. is a Mumbai-based, publicly-listed (NSE/BSE, listed June 12, 2026) research-driven nutrition company founded in 1993 that manufactures and supplies micronutrient premixes, clinical nutrition products, and therapeutic foods (RUTF/RUSF) across 70+ countries. The company operates three core verticals: Micronutrient Premixes (customised vitamin/mineral blends for food fortification supplied to 200+ food companies, UN programs, and government safety nets including India's PDS, ICDS, and MDM schemes), Clinical Nutrition (branded therapeutic formulations sold under Pentasure, Obesigo, and Pediagold for hospital and home use), and Therapeutic Foods (RUTF/RUSF for severe acute malnutrition management under UNICEF-aligned CMAM protocols). Manufacturing is conducted across four facilities — Nashik, Chennai, and Thoothukudi in India, plus an international unit in Tashkent, Uzbekistan — and the company holds multiple regulatory certifications (FSSAI, FSSC 22000, ISO 9001:2015, GMP, Kosher, Halal) plus a licensed UN Micronutrient Powder supplier status.

The business model is a hybrid of B2B sales-led (customised micronutrient premixes on quote-based pricing to FMCG, dairy, edible oil, and bakery manufacturers; direct sales to hospitals and Malnutrition Treatment Centres; institutional sales to government and UN programs) and B2C (branded retail and pharmacy distribution for the Nutrone wellness range and Pentasure/Pediagold clinical brands). Exports account for approximately 56% of revenue distributed through 19 regional distributors across Latin America, Southeast Asia, Africa, and the Middle East, with stated intent to deepen Europe and North America presence. FY25 revenue was Rs 324.92-331.29 crore (~$39-40M) growing 9% YoY, while PAT nearly doubled to Rs 24.38 crore (PAT margin expanded from 2.10% to 7.50% over three years), and the branded nutrition portfolio has been growing 25-30% annually for three years. The June 2026 IPO was entirely an offer-for-sale by the Kelkar family (Rs 138.87 crore at Rs 45/share, subscribed 53.68x), so the company received no fresh proceeds; Somerset Indus Capital Partners had previously exited via buyback in March 2026 at 4x reported returns. Top 10 customers account for 45.87% of revenue, indicating meaningful customer concentration despite the 200+ customer claim.

Name

Hexagon Nutrition

Legal name

Hexagon Nutrition Ltd.

Website

https://hexagonnutrition.com

Company type

Public

Founded year

1993

Operating status

Ipo

Headcount range

501–1,000 employees

Short description

Hexagon Nutrition is a Mumbai-based, publicly-listed nutraceutical manufacturer founded in 1993 that supplies customised micronutrient premixes, clinical nutrition, and RUTF/RUSF therapeutic foods to 200+ food companies, UN programs, and consumers across 70+ countries via four manufacturing facilities in India and Uzbekistan.

Ownership category

akta.pro rank

Product category

Nutraceutical and Clinical Nutrition Products

NAICS

Pharmaceutical and Medicine Manufacturing (3254), Food (Health) Supplement Retailers (456191)

SIC

Food And Kindred Products (2000), Miscellaneous Food Preparations & Kindred Products (2090)

akta.pro primary industry

Vitamins (A, B-Complex, C, D, E, K; Premixes) (AFAJAKAA)

akta.pro secondary industry

Vitamins & Minerals (Single Nutrients) (CRADAGAB)

Keywords

• Micronutrient premix formulations
• Clinical nutrition products
• Therapeutic food products
• Food fortification solutions
• Branded wellness supplements

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Micronutrient Premix B2B Sales: Supply of customised micronutrient premixes to food and beverage companies (FMCG, edible oil, dairy, bakery, staples) and UN/government nutrition programs. One of the largest premix players in India and a major licensed supplier of Micronutrient Powders under UN programs.
2. Branded Clinical & Therapeutic Nutrition: Sale of branded clinical nutrition products including Pentasure (meal replacement/clinical nutrition), Obesigo (weight management), Pediagold (pediatric nutrition), and Nutrone wellness supplements through retail and institutional channels.
3. Therapeutic Foods (RUTF/RUSF): Supply of Ready-to-Use Therapeutic Foods and Ready-to-Use Supplementary Foods for government and NGO malnutrition programs, including community-based management of SAM (CMAM) initiatives.
4. Exports Revenue: Exports contributing approximately 56% of total revenue, with manufacturing presence in India (Nashik, Chennai, Thoothukudi) and Uzbekistan, supplying 70+ countries globally.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Hexagon Nutrition manufactures and supplies micronutrient premixes, clinical nutrition formulations, therapeutic foods (RUTF/RUSF) and branded wellness supplements across four product verticals. The company sells customized vitamin and mineral premixes to FMCG companies and UN/government nutrition programs for food fortification, and distributes branded clinical and consumer wellness products (Pentasure, Obesigo, Pediagold, Nutrone) through retail, pharmacy, and institutional channels in 70+ countries.

Product overview

Hexagon Nutrition is a nutritional products company offering a diversified portfolio organized across four core product verticals: Micronutrient Premix (formulated premixes for food fortification), Clinical Nutrition (therapeutic formulations for medical nutritional needs), Therapeutic Nutrition (RUTF, RUSF, and home fortification products to combat malnutrition), and Nutrone Health & Wellness (consumer-facing supplements). The company operates across 70+ countries supplying vitamin premixes to FMCG companies, UN-supported nutrition programs, and directly to consumers through brands including Pentasure, Obesigo, Pediagold, and Nutrone. Manufacturing is conducted across four facilities in India (Nashik, Chennai, Thoothukudi) and Uzbekistan (Tashkent), with exports comprising approximately 56% of total revenue.

Differentiator

Problem solved

Functional benefit

Brands

• Pentasure: Branded nutrition product line
• Obesigo
• Pediagold
• Nutrone

Products and services

• Micronutrient Premix Scientifically formulated staple premixes, processed premixes and individual nutrients used by FMCG companies, dairy processors, edible oil producers, and UN/government programs for food fortification across staple foods, flour, rice, oil, milk and condiments.
• Clinical Nutrition Therapeutic nutrition formulations catering to hospital and clinical nutritional demands including tube feeding, disease-specific formulas, and nutrition rehabilitation for clinical malnutrition.
• Therapeutic Nutrition (RUTF / RUSF) Ready-to-Use Therapeutic Food (RUTF) and Ready-to-Use Supplementary Food (RUSF) products, plus home fortification solutions for combatting severe acute malnutrition (SAM) in children and vulnerable populations under community-based management programs.
• Nutrone Health & Wellness Branded consumer wellness and health supplement range targeting lifestyle nutrition, preventive wellness, and general dietary supplementation sold through retail and pharmacy channels.
• Pentasure Branded nutrition portfolio product line focused on clinical and meal-replacement nutritional supplementation sold to consumers and through institutional channels.
• Obesigo Branded product line focused on weight management and obesity-related nutritional products for consumers.
• Pediagold Pediatric nutrition brand providing nutritional products formulated for children's health and growth needs.
• Micronutrient Powders (MNPs / Sprinkles) One-gram sachets containing essential vitamins and minerals that can be sprinkled onto food for home fortification, particularly for children and pregnant/lactating women, supplied under UN programs for global malnutrition interventions.

Quantifiable outcome

• Branded nutrition portfolio growing at 25-30% annually over the past three years
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• TechnoServe (Millers for Nutrition Coalition)coreStrategic or Co-development Partner · 21 May 2026Hexagon Nutrition participates in the Millers for Nutrition coalition, supported by TechnoServe, which hosted the Bangladesh Country Conclave 2026 to promote public-private collaboration on food fortification and food safety across South Asia.
• FSSAI (Food Fortification Resource Centre)coreStrategic or Co-development Partner · 2 March 2021FSSAI collaborated with Hexagon Nutrition at food fortification webinars to spread awareness about fortified foods, establish fortification standards for wheat flour, rice, oil, milk, and salt, and support the Eat Right India movement and F+ Logo certification.
• UN World Food Programme (WFP)coreStrategic or Co-development Partner · 2 March 2021UN WFP participated in Hexagon Nutrition-hosted webinars on food fortification, providing technical guidance on rice fortification, staple food fortification via safety nets, and sharing implementation challenges in scaling up fortification programs.
• Nutrition InternationalminorStrategic or Co-development Partner · 2 March 2021Nutrition International supported Double Fortified Salt (DFS) programs in Madhya Pradesh and Gujarat, working with state governments on implementation. Success factors included political commitment and determination at state level.
• PATHminorStrategic or Co-development Partner · 2 March 2021PATH shared experience on rice fortification effectiveness - 9% decline in anemia, 3% decline in diarrhea, 42% improvement in cognitive abilities - and supported scaling of rice fortification through government safety net programs.
• ASSOCHAMcoreStrategic or Co-development Partner · 29 September 2020The Associated Chambers of Commerce and Industry of India (ASSOCHAM) collaborated with Hexagon Nutrition and GAIN to host webinars on Severe Acute Malnutrition (SAM) management, bringing together government, development partners, and industry stakeholders to formulate strategies for addressing malnutrition during the COVID-19 pandemic.
• Global Alliance for Improved Nutrition (GAIN)coreStrategic or Co-development Partner · 29 September 2020GAIN collaborated with Hexagon Nutrition and ASSOCHAM on multiple nutrition initiatives including SAM management webinars, Poshan CMAM project in Rajasthan, and staple food fortification programs. GAIN supports implementation of food fortification across states including Meghalaya, Rajasthan, and NE regions.
• IHW CouncilminorGTM or Marketing Partner · 1 September 2020Hexagon Nutrition partnered with IHW Council to celebrate Virtual Bharat Nutrition Week during Poshan Maah 2020, collaborating with ministries, health institutions, and policymakers to spread awareness on malnutrition and nutrition education.
• UNICEFcoreStrategic or Co-development Partner · 1 September 2020Hexagon Nutrition's CMAM (Community-based Management of Acute Malnutrition) activities aligned with UNICEF protocols. UNICEF supported Poshan CMAM project in Rajasthan alongside GAIN, NHM Rajasthan, and Tata Trust, implementing IAP-UNICEF-WHO protocols for SAM management.
• BASFminorStrategic or Co-development PartnerBASF partnered with Hexagon Nutrition as part of CSR collaboration to develop a Rapid Test Kit - a semi-quantitative screening method for assessing Vitamin A concentration in fortified edible oil, enabling better execution and implementation of fortification strategies.
• Tata TrustsminorStrategic or Co-development PartnerTata Trusts partnered on Poshan CMAM project in Rajasthan implementing community-based SAM management using EDNS (Energy Dense Nutrition Supplements) and Medical Nutrition Therapy following IAP-UNICEF-WHO protocols.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Mead Johnson (Reckitt): Infant and child nutrition brand under Reckitt, including clinical and pediatric nutrition lines. Comparable to Hexagon's Pediagold pediatric brand and broader clinical nutrition portfolio.
• DSM-Firmenich: Global leader in nutrition and health ingredients, including vitamin/mineral premixes supplied to food and beverage manufacturers. Directly comparable to Hexagon's micronutrient premix vertical but at vastly larger scale and broader product scope.
• Abbott Nutrition: Global leader in clinical and therapeutic nutrition products (e.g., PediaSure, Ensure) sold through hospitals and retail pharmacies. Directly overlaps with Hexagon's Pentasure, Obesigo, and Pediagold branded clinical nutrition portfolio.
• Nestlé Health Science: Global clinical and consumer nutrition business within Nestlé, covering medical nutrition, RUTF, and wellness supplements. Overlaps with Hexagon's clinical nutrition and Nutrone wellness verticals.
• Danone Nutricia: Specialty nutrition arm of Danone focused on medical/clinical nutrition, early life nutrition, and RUTF for SAM management. Comparable to Hexagon's clinical and therapeutic nutrition verticals, including UN-aligned SAM products.
• BASF: Global chemical and nutrition company supplying vitamins, carotenoids, and food fortification ingredients. Comparable to Hexagon's premix business and is also a Hexagon co-development partner (Vitamin A rapid test kit).

Direct peers

• Balchem Corporation: US-based ingredient supplier offering human nutrition premixes, minerals, and encapsulated vitamins for food fortification. Closely comparable to Hexagon's premix and individual nutrient offerings.
• Herbalife: Global wellness and meal-replacement nutrition company with branded clinical and weight-management products. Comparable to Hexagon's Nutrone wellness and Obesigo weight-management brands.
• Glanbia Nutritionals: Specializes in premix and nutrient solutions for food, beverage, and supplement manufacturers globally. Closely comparable to Hexagon's B2B premix business model and customer profile.
• Kerry Group: Global taste and nutrition company supplying functional ingredients, premixes, and fortification solutions to food and beverage customers. Directly comparable to Hexagon's B2B premix and food fortification offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hexagonnutrition
• LinkedInlinkedin.com/company/hexagon-nutrition-pvt-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

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 Hexagon Nutrition