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This coupled with the Indian Government’s thrust to incentivise local manufacturing as a part of a PLI scheme has given a fillip to the food processing sector

ADF Foods is disrupting the $450B Global RTE market by focusing on ethnic food shelves across the world. The strong macroeconomic tailwinds driven by growing Indian diaspora worldwide, westernization of ethnic food, increased shift to nuclear families & increasing work hours are propelling category growth. This coupled with the Indian Government’s thrust to incentivise local manufacturing as a part of a PLI scheme has given a fillip to the food processing sector.

ADF is a leading manufacturer & exporter of 8 privately owned RTE food brands offering frozen food, spices, condiments, pastes, sauces, etc. In their 50+ yrs of operations, they have setup 3 manufacturing facilities (capacity of 28,000MT), created a distribution network of 180+ distributors & established presence in 50+ countries. They have further strengthened their distribution network by adding Patanjali Ayurved Limited & Unilever product offerings across US, UK & Western Europe.

The company has BIMAL THAKKAR at the helm, as chairman, MD & CEO. He has been instrumental in several of ADF’s brand launches, new market expansions, international acquisitions & setting up international subsidiaries. With a CAGR of over 20pc, the business has generated revenues of Rs420crs in FY22, healthy ~15% EBITDA and ~11% PAT.

Bimal Thakkar, MD & CEO ADF FOODS LTD., said, “  We are pleased to welcome Nikhil Vora & his team at Sixth Sense Ventures in our growth journey. Our Company is at an inflection point with multiple growth levers & is uniquely positioned to offer a compelling value proposition to the growing Indian diaspora. Nikhil is a stalwart when it comes to investing in consumer driven companies & while this is a secondary investment, ADF Foods will benefit greatly from his knowledge & understanding of this space.”