BENGALURU: A Vision for the Future

iD Fresh Food, renowned for its ready-to-cook products like idli and dosa batter, is setting its sights on going public by October 2027. This ambitious plan was revealed by the company's chairman & global CEO, P C Musthafa, in a recent interview. The Bengaluru-based company is gearing up for an IPO as a pivotal part of its long-term growth strategy. "We aim to demonstrate significant growth and ebitda to our investors by then," Musthafa stated confidently.

Financial Aspirations and Achievements

With an eye on the future, iD Fresh Food plans to achieve a total revenue of Rs 680 crore by the end of the 2024-25 financial year, marking a substantial increase from the previous year. The company is also aiming for a 9% ebitda margin, doubling its performance from the last year. Looking ahead, the targets are set even higher, with aspirations of reaching Rs 875 crore in revenue with a 15% ebitda margin in the 2025-26 financial year, and Rs 1,100 crore with a 20% margin in the 2026-27 financial year.

Expansion and Innovation

Since its inception in 2005, iD Fresh Food has raised $119 million from notable investors, including Premji Invest and NewQuest Capital Partner. The company boasts its largest factory in Bengaluru, with additional facilities in Mumbai, Hyderabad, the UAE, and a new one planned in Chennai. In cities like Visakhapatnam, Kochi, and Kolkata, it collaborates with third-party manufacturers. "Our new factory in Hyderabad, funded by our own profits, represents a significant step forward," Musthafa added.

The company has also been diversifying its product range, introducing a line of chutneys that quickly achieved Rs 1.5 crore in monthly revenue within a year. Its specialty batter range and expanded paratha business are also showing promising growth, contributing Rs 1 crore and Rs 50 lakh monthly, respectively.