Business

Food start-up upbeat about growth

Mangamma Foods Private Ltd (MFPL), a Hyderabad-based startup in the ready-to-cook segment, is aiming at rapid growth by the end of the current fiscal with a target of one lakh units per day.

migrator

Hyderabad

The company under the brand name of ‘Ammamma’s’ is making a range of fresh and high nutrition value foods in the chappati, poori and parottacategories. Each chappati is priced at Rs 7.


MFPL co-founder Nagasai Viswanath told reporters here on Friday that the company has a manufacturing unit in Kukatpally with a capacity of 40,000 units, each comprising 10 chappatis. “This segment has huge potential and we hope to reach one lakh units by this year-end and double it in the next two years,” he said. Set up with an initial investment of Rs 25 lakh, the unit is making a range of ready-to-cook packed products high in fiber such as low oil absorbing poori and different nutrition values inchappati - plain chappati, ragi chappati, methi chappati, multi-grain chappati, moringa chappati and parotta.


Viswanath said they were supplying chappatis, priced at Rs 7 each to 30,000 houses. These will soon be available in organised retail stores inHyderabad.

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