Temptation Foods

Temptation Foods Ltd. (TFL) is a major player and one of the largest organised sector enterprises in the Indian food processing industry. The Company has made a mark for itself in the Individual Quick Freezing (IQF) processed fruits and vegetables segment. The Company employees over 256 employees in FY 2008-09; up from a mere 64 in FY 2005-06; and a turnover of Rs. 8,719.81 million. Currently, TFL’s businesses include frozen fruits & vegetables, processed foods, marine foods and ready-to eat foods for the domestic as well as international markets. TFL has had a remarkable transformation after having been declared as a sick Company in 1999 due to teething problems and losses over the years. The growth has been exponential after VBAPL (Venture Business Advisors Private Limited – the current promoters) stepped in. In the last 2 years, the Company’s total income increased by a stupendous 2,098.70% from Rs. 396.59 million to Rs. 8,719.81 million! This quantum leap was achieved from a small base, primarily on account of sustained international demand for frozen fruits and vegetables, our entry into the marine business and the acquisition of the Karen Anand and Ever Fresh brands. TFL has now entered the domestic processed food industry with an aim of becoming one of the dominant players in the sector