Vadodara-based Manpasand Beverages, which sells fruit juices under the brands Mango Sip and Apple Sip, plans to invest over Rs 100 crore in the next one year to more than double its manufacturing capacity and expand distribution network and targets to touch a Rs 1,000 crore turnover within the next three years.
In 2012-13, it posted a turnover of Rs 240 crore. In 2011, SAIF Partners India had invested $10 million in Manpasand Beverages for a minority stake.
Dhirendra Singh, chairman and managing director of Manpasand Beverages Pvt. Ltd said, "We expect strong growth in future as there is huge opportunity in packaged beverage market being fuelled by a rise in disposable income, changing lifestyle and a burgeoning younger middle class. We are expanding our manufacturing facilities as demand for our products far outstrips our existing capacities. Manpasand is also further expanding its distribution network across India."
