About MTR Foods
MTR Foods is a company based in Bengaluru (India) founded in 1924 was acquired by Orkla in February 2007. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. MTR Foods has raised $4 million across 2 funding rounds from investors including J P Morgan, Orkla and Aquarius Investment Advisors. The company has 1,027 employees as of April 01, 2024. MTR Foods has completed 1 acquisition, including Rasoi Magic Foods. MTR Foods offers products and services including Ready to Eat Food, Masala, and South Indian Breakfast. MTR Foods operates in a competitive market with competitors including Biryani By Kilo, Danone, Godrej Agrovet, Sweet Karam Coffee and Samosa Party, among others.
- Headquarter Bengaluru, India
- Employees 1027 as on 01 Apr, 2024
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Orkla India Pvt Ltd. (Mtr Division)
- Date of Incorporation 21 Aug, 1996
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$264.69 M (USD)18.58as on Mar 31, 2023
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Net Profit
$40.78 M (USD)189.41as on Mar 31, 2023
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EBITDA
$37.42 M (USD)30.83as on Mar 31, 2023
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Total Equity Funding
$4 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Unspecified
Jun 01, 2002
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Investors
J P Morgan
& 2 more
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Employee Count
1027
as on Apr 01, 2024
- Investments & Acquisitions
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Acquired by
Orkla
(Feb 13, 2007)
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Products & Services of MTR Foods
MTR Foods offers a comprehensive portfolio of products and services, including Ready to Eat Food, Masala, and South Indian Breakfast. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Authentic Indian meals are prepared for quick consumption.
Traditional Indian spice blends are offered for cooking.
Regional breakfast items are provided for easy preparation.
Funding Insights of MTR Foods
MTR Foods has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $4 million completed in June 2002. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Unspecified — $4.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2002 | Amount | Unspecified - MTR Foods | Valuation | J P Morgan |
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| Jun, 2000 | Amount | Unspecified - MTR Foods | Valuation | Aquarius Investment Advisors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MTR Foods
MTR Foods has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include J P Morgan, Orkla and Aquarius Investment Advisors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Comprehensive financial services are provided to corporations and individuals.
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Founded Year | Domain | Location | |
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Diversified investment management services are provided to clients worldwide.
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Founded Year | Domain | Location | |
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Orkla is recognized as a leading industrial investment company.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MTR Foods
MTR Foods has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rasoi Magic Foods. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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North Indian, packaged ready to cook gravy spices.
|
2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - MTR Foods
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mtr Foods Comparisons
Competitors of MTR Foods
MTR Foods operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Biryani By Kilo, Danone, Godrej Agrovet, Sweet Karam Coffee and Samosa Party, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first restaurant offering on demand food delivery for consumers
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| domain | founded_year | HQ Location |
Health-focused dairy and plant-based food products are offered.
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| domain | founded_year | HQ Location |
Diversified crop protection solutions are provided to farmers.
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| domain | founded_year | HQ Location |
Dry snacks and coffee are manufactured and distributed.
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| domain | founded_year | HQ Location |
Retailer of Indian snacks, meals, beverages, and combo offerings
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| domain | founded_year | HQ Location |
Multi-category food and beverage products are provided by Keventer.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mtr Foods
Frequently Asked Questions about MTR Foods
When was MTR Foods founded?
MTR Foods was founded in 1924 and raised its 1st funding round 76 years after it was founded.
Where is MTR Foods located?
MTR Foods is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is MTR Foods a funded company?
MTR Foods is a funded company, having raised a total of $4M across 2 funding rounds to date.
How many employees does MTR Foods have?
As of Apr 01, 2024, the latest employee count at MTR Foods is 1,027.
What is the annual revenue of MTR Foods?
Annual revenue of MTR Foods is $264.69M as on Mar 31, 2023.
What does MTR Foods do?
Mtr Foods, A Subsidiary Of Orkla India ., Is Engaged In The Production And Distribution Of Authentic Indian Food Products. The Company Operates In The Packaged Food And Spices Sectors, Providing A Range Of Ready-to-eat Meals, Masala Blends, And South Indian Breakfast Items. Solutions Are Tailored For Consumer Convenience And Traditional Taste. With A Strong Presence In India, Mtr Foods Is Positioned For Growth In The Branded Food Market, Further Enhanced By Strategic Acquisitions Like Eastern Condiments.
Who are the top competitors of MTR Foods?
MTR Foods's top competitors include Sweet Karam Coffee, Samosa Party and Keventer.
What products or services does MTR Foods offer?
MTR Foods offers Ready to Eat Food, Masala, and South Indian Breakfast.
How many acquisitions has MTR Foods made?
MTR Foods has made 1 acquisition, including Rasoi Magic Foods.
Who are MTR Foods's investors?
MTR Foods has 3 investors. Key investors include J P Morgan, Orkla, and Aquarius Investment Advisors.
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