Company overview

HFL was established in 1988 as a result of Dempo Group’s foray into the FMCG segment through a joint venture with Glaxo India Limited, with the objective of manufacturing nutritional food products.

In 2013, Vanity Case Group bought a controlling stake in Hindustan Foods Limited from Dempo Group of Goa and since then the company has diversified across various FMCG categories with manufacturing competencies in food and non-food, extending to Personal Care, Home Care, Food & Beverages, Leather Shoes and Accessories.

It intends to continue leveraging the India’s consumption story through organic and inorganic expansion.

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Board of Directors

Management Team

Our journey at a glance

1988

JV with GSK

  • Hindustan Foods Limited. was established in 1988 as a joint venture with Glaxo India Limited., with the objective of manufacturing nutritional food products.

1988-2013

One factory, one brand

  • Between 1988 and 2013, Hindustan Foods Limited was dependant on one factory and a single baby food brand with very limited product skus. The brand changed hands five times during this period.

2013-2016

Goa expansion

  • The Vanity Case Group bought a controlling stake in Hindustan Foods Limited.
  • The existing capacity of 3000 tons p.a. was doubled to 6000 tons p.a.
  • The Company entered into a supply & manufacturing agreement with Danone.
  • HFL Goa added PepsiCo and Marico to their clients list.
  • Preferential issue of equity shares to Promoters and PE Fund – Sixth Sense Ventures.

2017

Jammu Acquisition

  • Acquired Pest Control products plant from Reckitt Benckiser (India) Limited.
  • Entered into manufacturing & supply agreement with RBIPL for Pest Control products.
  • Started manufacturing and packing of liquid vaporisers, aerosols, coils and fast cards.

Puducherry Acquisition

  • Took over Hindustan Unilever’s leather shoes making business, Ponds Exports Limited in Puducherry.
  • Started manufacturing for legacy clients of Ponds Exports Limited like TBS, Gabor, Richter.
  • In addition, successfully added new brands like U.S. Polo, Steve Madden, Hush Puppies and Arrow.

2018

Hyderabad Acquisition

  • HFL acquired a factory from the Vanity Case Group in Hyderabad manufacturing Detergent Powder for Hindustan Unilever.

Greenfield project in Coimbatore

  • The Company constructed one of the largest factories in Coimbatore, Tamil Nadu to blend and pack tea, coffee and other hot beverages for Hindustan Unilever.
  • Commercial production began in the same year.

Mumbai Acquisition

  • The company took over a 40 year old company manufacturing shoes for High Street brands like Dune, Saks 5th Avenue, Office, etc.
  • The company set up a shoe manufacturing facility in Vasai, Maharashtra.

2019

Hyderabad Expansion

  • The Board sanctioned a brownfield project of setting up liquid detergent unit at Hyderabad, for Hindustan Unilever.
  • Commercial Production began in 2019.

Mysuru Acquisition

  • The Company acquired ATC Beverages [P] Limited which was engaged in the manufacturing and distribution of beverages like carbonated soft drinks, juices and energy drinks.

Fund raise

  • HFL raised funds from Convergent Finance and Sixth Sense Ventures.