Ready-to-eat food making company Capital Foods today said it plans to launch at least 40 products by June as a part of its strategy to achieve 100 per cent annual growth.
Capital Foods owns brands such as Ching's Secret, Smith & Jones, Mama Maria, Raji and Kaeng Thai.
"We plan to launch over 40 products by June. We will continue to launch more products to achieve 100 per cent Year-on-Year (y-o-y) growth. We will reach our target over the next two- years," company's Managing Director Ajay Gupta told PTI here.
The company, which is growing at 70 per cent y-o-y, also aims to triple its revenue from Rs 300 crore to Rs 1,000 crore over the next two-years.
"We intend to grow Capital Foods into a Rs 1,000 crore company in the next two-years," he said.
He also added that "We will triple our outlets from 2.5 lakh to 9 lakh across 700 cities in one year".
More From This Section
The firm also intends to set up a mega food-park in collaboration with the Future Group near Pune in the next two- years, he said.
"We will invest Rs 250 crore to set up a mega food-park near Pune in the next two-years. We have already acquired 60-acres of land for the food park," Gupta said.
The company is currently exporting its branded food products to the US, the UK, Dubai, Singapore and Australia and plans to soon start exporting to the Middle-East and South African countries as well.