Tata Consumer Products Limited (TCPL), a prominent and trusted brand in india, has been attracting attention in the business community for its aggressive expansion strategies. The Managing director and CEO of TCPL, sunil D'Souza, recently disclosed intriguing plans, indicating the company's intention to acquire more firms in the future.TCPL has been on an acquisition spree, having recently completed the purchase of capital Foods, the owner of Ching's Secret, Smith, and Jones brands, for Rs. 5100 crores. Additionally, TCPL acquired Organic india for Rs. 1900 crores, following the 2011 purchase of Bangalore-based Kottaram Agro Puds for Rs. 155.8 crores. The company's portfolio already includes renowned brands like Tata Tea, Tetley, and Tata Salt, and it is actively expanding its presence in the food and beverage sector.
Expressing their readiness to acquire companies with superior brands, technology, and teams, TCPL aims to continue its growth trajectory. The company, with a revenue of Rs. 13,783 crore for the financial year 2022-23, is poised for additional acquisitions this year. Anticipating further developments, the TCPL board is scheduled to convene a meeting on the 19th of this month, where crucial decisions, including discussions on fund-raising proposals, are expected to take place.