"We have one plant in Bihar with a capacity of 15,000 MT per annum and we are setting up another facility in two years in Delhi-NCR. We will be doubling our capacity and the investment will be approximately Rs 40-50 crore," AFP Manufacturing Executive Director Manoj Gupta told PTI here.
The company, which started manufacturing for PepsiCo in 2011, is also in talks with retailers like Reliance and Walmart to manufacture their snacks.
It is eyeing a turnover of Rs 80 crore in the current fiscal, with PepsiCo contributing 60 per cent of the revenue, but expects the share from its own brand Munchon's to increase significantly over the next five years.
"We were earlier selling our products under the brand Aggarwal. We recently relaunched the brand as Munchon's two months back. We are present in East, North East and North. We will next look at South and then West. In the next five years our total turnover will be Rs 350 crore and Munchon's will contribute 90 per cent of it," Gupta said.
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