CavinKare 2.0 to focus on innovation, e-commerce and synergies among divisions. Company expected to launch slew of e-commerce specific brands/products.
Last year, FMCG products vanished from retail shelves as consumers scrambled to hoard products after the government announced a nationwide lockdown. Anticipating a similar spike in demand, companies such as Cargill, CavinKare and Parle Products have ensured their distributors and retailers are fully stocked up this time around.
Watch AB Ravi of CNBC-TV18 speaking to CK Ranganathan, Founder and Chairman of CavinKare and Gautam Benjamin of ICICI Securities about CavinKare‘s success mantras.
Listen in to CK Ranganathan, the Founder Chairman of Cavinkare addressing the gathering at Young Turks Mentor, Chennai Conclave explaining how new businesses need to focus on bringing differentiated products to the market.
Cavin's Parlours would offer products across the Group's presence in dairy, beverage, snacks and food segments and also serve as stockist for neighbouring retail stores, a company statement said.
At Chyrscapital they like companies with large presence in domestic pharma market. They like IPCA Labs because it is a stable growth story and expect a sustainable growth of 18-20 percent growth for the long-term.
CavinKare plans to sell 10-12% stake in its FMCG business to private equity player ChrysCapital for Rs 350 crore, according to sources.
South-based fast moving consumer goods company CavinKare has set up a manufacturing facility at Bhiwandi town in Thane district of Maharashtra for its snack brand 'Garden'.
Backed by strong growth, FMCG player CavinKare hopes to become the market leader in the hair colour business in the next two years, a top company official said.
He is the founder of a home grown FMCG company who gave the big boys a run for their money with his great determination and some smart innovations. He is CK Ranganathan of CavinKare.