HVA Foods

What HVA Foods does

HVA Foods PLC is a Sri Lankan public limited company founded in 1990 (originally as HVA Lanka export (Pvt) Ltd, an affiliate of Dutch agricultural development company HVA International) and currently operating under the Heladiv brand. The company processes, packages, and exports Ceylon tea and adjacent beverages, with a portfolio spanning flavoured tea bags, premium loose-leaf teas, Ayurvedic and wellness herbal infusions, a Moringa superfood range, cold-brew formulations, ready-to-drink iced teas in tetra packs, tea syrups, mixology blends, Sri Lankan spices, and gift-pack accessories. Core processing technology centres on the Bumble Bee Concept Centre — described as Sri Lanka's first standardised laboratory for Ceylon tea R&D — equipped with spectrophotometers, analytical balances, pH metres, and laminar flow facilities for microbiological testing, supporting a proprietary low-temperature tea extraction process designed to retain natural flavour without the high-heat degradation associated with instant-tea production.

Name

HVA Foods

Legal name

HVA Foods PLC

Website

https://heladiv.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

51–100 employees

Short description

HVA Foods PLC is a publicly listed Sri Lankan tea company operating under the Heladiv brand, processing and exporting Ceylon tea, herbal infusions, ready-to-drink beverages, and superfoods to retail consumers, HoReCa operators, and F&B manufacturers across 45+ countries.

Ownership category

akta.pro rank

Product category

Packaged Tea and Beverages

NAICS

Coffee and Tea Manufacturing (311920)

SIC

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

akta.pro primary industry

Tea (Leaf, Bagged, Instant, Concentrates) (CRADAHAE)

akta.pro secondary industries

Beverage Import/Export & Cross-Border Wholesale (AFAIAGAL), Sweetener Syrups & Blends (HFCS, cane/invert, agave, maple blends) (AFAFAGAF)

Keywords

• Ceylon tea processing
• Ready-to-drink beverages
• Tea export services
• HoReCa tea solutions
• Herbal tea blends

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Tea Products (B2C): Sale of packaged tea products including tea bags, loose leaf teas, and flavoured teas to retail consumers through distributors and retailers globally.
2. HoReCa / Food Service: B2B sales of tea products to hotels, restaurants, cafes, and catering businesses. Includes bulk packaging solutions for high-volume operations.
3. Beverages (RTD & Syrups): Sale of ready-to-drink iced tea in tetra packs and concentrated tea syrups in various bottle sizes for retail and food service.
4. OEM Products: HVA offers OEM (Original Equipment Manufacturer) products under sister brands Infini-T and Tea Plus along with custom branded products.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

HVA Foods PLC, trading as Heladiv, processes, packages, and exports Ceylon tea and tea-based products. Its portfolio spans loose-leaf teas, tea bags, ready-to-drink beverages, herbal infusions, spices, and superfood products, sold under the Heladiv brand to retail consumers, HoReCa businesses, and food and beverage manufacturers across more than 45 countries.

Product overview

HVA Foods PLC operates as a diversified food and beverage company under the Heladiv brand, offering a comprehensive portfolio of Ceylon tea products and related offerings. The core product line spans multiple tea collections: Tea Bag Collection (flavoured and cold brew varieties), Tea From Paradise (premium Pride of Ceylon and English Breakfast), Premium Collection (luxury seasonal, regional, blenders, golden ceylon, latte, and spicy teas), HoReCa Collection (professional solutions for hospitality sector), Mixology Collection (cocktail/mocktail-oriented blends), Herbal Collection (ayurvedic, wellness, moringa superfood, and herbal infusions), and Beverages (RTD iced tea syrups, tetra packs, king coconut water, and gourmet syrups). The portfolio is complemented by Gift Collection (premium packaging and accessories), Spices (Sri Lankan spices), and two sister sub-brands—Infini-T and Tea Plus. The company also provides OEM products and serves global markets through distribution in North/South America, CIS/Europe, Middle East & Africa, and Asia.

Differentiator

Problem solved

Functional benefit

Brands

• Infini-T: A sister brand of teas offered by HVA Foods PLC alongside Tea Plus and other OEM products.
• Tea Plus
• Bumble Bee Concept Centre

Products and services

• Tea Bag Collection A retail-branded Ceylon tea bag product line sold under the Heladiv brand to individual consumers globally for everyday home consumption.
• Tea From Paradise A loose-leaf Ceylon tea range marketed as a single-origin premium product for retail consumers seeking authentic Sri Lankan tea.
• Premium Collection A premium-tier tea collection targeted at retail consumers and gift buyers looking for higher-end Ceylon tea selections.
• HoReCa Collection A tailored tea product line for hotels, restaurants, and catering operators, providing bulk loose-leaf teas, tea bags, and branded service solutions for hospitality environments.
• Mixology Collection A tea-based mixology and ingredient range designed for food and beverage manufacturers, bartenders, and hospitality operators creating tea-infused drinks and menu items.
• Herbal Collection A retail-marketed range of herbal teas and infusions for health-conscious consumers seeking non-traditional tea alternatives.
• Beverages A ready-to-drink beverage line including tea-based and other beverages produced by HVA Foods and sold to retail consumers.
• Gift Collection A gift assortment of Heladiv teas and related products packaged for retail and corporate gifting occasions.
• Spices A spice product line sold alongside the company's tea portfolio to retail and food service customers seeking Sri Lankan-origin spices.
• Infini-T A branded tea product line within the Heladiv portfolio targeting retail consumers and HoReCa operators.
• Tea Plus A value-added tea product line within the Heladiv brand offering functional or enhanced tea options for retail consumers.

Quantifiable outcome

• 35.6% stock price gain in single trading session (March 2026)
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered founding and core.

• HVA InternationalfoundingStrategic or Co-development Partner · 1 January 1990HVA Lanka export (Pvt) Ltd was established in 1990 as an affiliate of HVA International, a Dutch-based agricultural development company with a global presence. This relationship provided initial foundation and international expertise for the company's tea business.
• George Steuart Group of CompaniescoreStrategic or Co-development PartnerHVA Foods PLC is now part of the George Steuart Group of Companies, synergising the brand's innovative spirit with the stability and corporate strength of one of the most dynamic, diversified conglomerates in Sri Lanka, with a rich legacy in Ceylon tea and coffee.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Dilmah: Sri Lankan family-owned tea company producing and exporting Ceylon tea globally under the Dilmah brand. Most directly comparable peer - same origin, similar product breadth (loose leaf, tea bags, RTD, herbal), and overlapping global distribution footprint.

Broad incumbents

• Tetley (Tata Consumer Products): Mass-market global tea brand owned by Tata Consumer Products, distributed widely through grocery and HoReCa. Comparable across the mainstream black-tea segment HVA competes in, though at much larger scale and broader geographic reach.
• Celestial Seasonings (Hain Celestial): US herbal and wellness tea brand under Hain Celestial, with broad flavored/herbal assortment. Comparable as a competing player in the herbal and wellness tea category HVA addresses with its Ayurvedic and Moringa lines.
• Lipton (Unilever) / ekaterra: One of the world's largest tea brands (now part of ekaterra under Unilever). Comparable as a global competitor across RTD, bagged, and iced-tea categories; competes for the same HoReCa and grocery shelf space as HVA at vastly greater scale.
• Bigelow Tea: US family-owned premium tea company producing bagged, flavored, and herbal teas including a HoReCa line. Comparable across flavored tea bags and specialty herbal/RTD offerings, though anchored in US sourcing rather than single-origin Ceylon.
• Twinings (ABF): Global premium tea brand owned by Associated British Foods, offering black, green, herbal, and flavored teas across 100+ markets. Comparable as a competing premium-positioned tea portfolio across HoReCa and retail, though far larger and broader in assortment.
• Yorkshire Tea (Betfred/RB): Premium UK heritage tea brand with strong HoReCa and grocery presence. Comparable as a brand-led premium tea player targeting similar consumer occasions and hospitality customers, though with UK sourcing rather than Ceylon.

Emerging players

• The Republic of Tea: US-based specialty tea company focused on premium teas, herbs, and functional blends for retail and HoReCa. Comparable as a smaller, innovation-focused competitor in the premium/flavored/wellness tea space where HVA also plays.
• Teeccino: US-based brand of herbal 'coffee alternatives' and functional wellness beverages. Comparable as a smaller innovation-driven competitor in the wellness and functional beverage category HVA is expanding into with Moringa and Ayurvedic blends.
• Stash Tea: US specialty tea brand offering premium bagged and loose-leaf flavored and herbal teas with strong foodservice distribution. Comparable across flavored, herbal, and HoReCa channels where HVA's Heladiv Professional competes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 HVA Foods