Allana Group raises a 2-fold growth in 4-5 years, touching USD 4-BN Income Company

New -Delhi, September 28 (PTI) Allana Group, which is in the manufacture and exports of various consumer goods and processed food products, aims to double its business to nearly $ 4 billion, driven by food processing and some new growth engines as protein business, a company official said. Allana Group, a family business, present in segments as coffee, poultry, fruits and vegetables, consumer goods, frozen foods, animal pipes and pet foods, has plans to enter into the domestic B2C markets in some of these segments. “After focusing on the export of the world, we are also looking for our business in our country. We are very excited about the reform of GST (goods and services). Our businesses such as ice, pet food companies have benefited them completely,” Allana CEO Manish Muley told Pti. Allana Group, present in the premium ice category in India with ‘London Dairy’, has already expanded the GST benefits for consumers, he said, adding that Allana is unique in meeting this growing demand. “And if we come to the other sectors, what the strategy is in the future, we will see that we will come to India in a big way,” he said on the sidelines of World Food India 2025. The group now wants to get about 25 percent of its business out of the domestic market, in a timeframe of the next 4-5 years. “We see potential in the protein solutions. This country is protein-defective, and we intend to enter the protein business in a big way. We are also very clumsy about the food business,” he said. The group, through its FMCG Arm Allana Consumer Products Ltd (ACPL), uses quickly growing categories such as coffee and pet food. In addition, it also sees a great potential in India’s poultry and red meat sector, where it works with the Indian Poultry Alliance (IPA). On IPA, Muley said: “With this we have entered a new segment. It’s going to be the third largest company in the next 3-4 years.” The company also looks at the protein segment, where it works in vacuum -packed chilled meat and frozen meat, where it works with brand Saffa and Prime Minister. “The overseas distribution companies of Allana Group are ready to go beyond protein and soon carry the entire basket of Indian products – from processed food to brand offers,” Muley said. Asked about revenue, the group in Mumbai has an aggressive target to become a turnover of 4 billion in the mid -term. “Currently we have an income of $ 2 billion, if we accumulate all our businesses together and we want to double this business in the next 4-5 years,” CEO Manish Muley’s food process at PTI division. Food process department is the largest segment of the Multi-Conglomerate of Allana Group, which contributes almost three-fourths of his business, Muley added. Muley did not share any numbers on Capeex, but said the 160-year-old group would have the necessary investments needed for growth. “Currently we are on board, but I can indicate that if your business is about $ 2 billion and is trying to grow more than 25 percent over the next 4-5 years, so the necessary investments are needed, the board and shareholders are absolutely delighted to put it on the table. We are setting it up,” he said. Allana Group has a presence in about 70 countries. However, the focus is on GCC countries and the Far Eastern Markets. In addition to exports, Allana group companies also introduce their own distribution network to channel their products in those markets. “In the future, we decided to integrate our business. We acquire and process in India and then export to 70 countries. But now our distribution companies in those countries have undergone,” Muley said, adding that it is like advance integration, which will help to double business in the markets in the middle of the market.