Organic food maker Sresta looks for a buyer, deal likely at $100 mn - News Summed Up

Organic food maker Sresta looks for a buyer, deal likely at $100 mn


Mumbai: India’s largest organic food products maker Sresta Natural Bioproducts Pvt. Globally, the organic food market in 2015 was estimated to be worth $80-85 billion and growing at 15-16%. According to Euromonitor International, Sresta leads India’s organic food industry with a 62.6% share, followed by Organic India Pvt. After working with south India-based Murugappa Group, Reddy, an IIM-Ahmedabad graduate launched his organic food business in 2004. The organic products market in India has grown from Rs.160 crore in 2010 to Rs.550 crore in 2016, according to market researcher Euromonitor International.


Source: Mint July 13, 2016 20:26 UTC



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