Tatas, Wipro Consumer in race to acquire masala company for Rs 1,000 cr

The company, whose revenues stood at Rs. 1,660 crore and its net profit at Rs. 21.7 crore in FY22, has become a takeover target of various larger players

Tata Consumer Products (TCP) and Wipro Consumer Care and Lighting are in the race to buy a majority stake in Chennai-based Aachi Masala Food for Rs. 1,000 crore, sources said.

If the deal goes through, it will be a valuable addition to Wipro Consumer Care and Lighting's portfolio in the ready-made masala market.

In April, Wipro announced that it will buy Brahmins, a Kerala-based traditional vegetarian spice mix and ready-to-cook brand for an undisclosed amount.

Wipro, maker of Santoor soaps, also announced in December last year that it has signed a definitive agreement to buy Nirapara to produce an extensive