The Vadodara-based Saraf Foods Ltd, manufacturer of freeze-dried food products, on Thursday said it has doubled input capacity to eight tonnes a day at an investment of nearly Rs 13 crore.
Talking to reporters here, Mr Suresh Saraf, Managing Director, said the company is sourcing fruits, vegetables and herbs mostly from 300 acres of contract farming in Gujarat and neighbouring States. Freeze drying is a technology for food preservation by extracting its water content to extend shelf life.
Currently, Saraf Foods offers nearly 15 customer-oriented products for industrial sales and its maximum revenue comes from sweet corn and green peas. With a growth rate of 35 per cent, the closely-held company is seeking to nearly double its turnover this fiscal from Rs 13 crore to Rs 25 crore, he added. Its net profit in 2011-12 was about Rs 60 lakh.
The company exports 90 per cent of its products to Western Europe and the US. It is also looking at launching a range of Indian curries and other ready-to-eat products in the domestic and global markets.