Chandrababu Naidu's Heritage Foods aims to treble revenue in 5 years

In May 2016, it acquired the assets of Karnataka-based Teja Dairy

Heritage Foods, an entity founded by Andhra Pradesh chief minister N Chandrababu Naidu, proposes to treble its annual revenue in the next five years as it eyes a larger presence in the organised dairy market.

The latter market is estimated at Rs 80,000 crore a year and is seeing Patanjali, Coca-Cola, PepsiCo and ITC entering it, even as the existing ones such as Amul, Mother Dairy and Nestle try to consolidate their presence.

N Brahmani, the daughter-in-law of Naidu and executive director of Heritage Food told this newspaper they were aiming at annual revenue in excess of Rs 6,000 crore by 2020,