ITC Limited has acquired 100% of Sresta Natural Bioproducts Private Limited, marking a strategic move into the organic foods sector in India.

Target Information

ITC Limited has entered into a Share Purchase Agreement to acquire 100% of the share capital of Sresta Natural Bioproducts Private Limited (SNBPL), an Indian company specializing in the production and sale of organic packaged food products under the '24 Mantra Organic' brand. This acquisition marks a significant move in the organic foods sector, which is rapidly gaining traction both domestically and internationally. SNBPL has established itself as a pioneer in the organic food market, offering an integrated 'Farm to Fork' traceability model and becoming a key player in the organic packaged staples segment in India.

SNBPL boasts an extensive portfolio of over 100 organic products, including grocery staples, spices, condiments, edible oils, and beverages. With a robust international presence and a deep connection to the Indian diaspora, SNBPL's vertically integrated supply chain positively impacts around 27,500 farmers across approximately 140,000 acres of certified organic land in ten states. The company's strong network of farmers and its expertise in certified organic sourcing serve as competitive advantages in the market.

Industry Overview in India

The Indian government has made significant strides in promoting the organic foods industry through various initiatives aimed at improving farmer livelihoods, enhancing exports, and ensuring food securi