Modern Food eyes 25% revenue growth in FY17

Everstone-backed Modern Food Enterprises Pvt Ltd is looking at 25 per cent increase in revenue in this financial year from previous year's, which is around Rs 270 crore. The company, on Friday announced the relaunch of Modern brand with plans to focus on health and wellness products. They further added that it is looking to achieve Rs 1,000 crore by FY21.

Launching the new brand positioning, packaging and enhanced portfolio of products almost 13-months after Private Equity major Everstone acquired the company. "Overall, we are looking at a 25 per cent increase in revenue by FY18, and at a goal