Food Service India Pvt Ltd. (FSIPL), a prominent provider of ready-to-cook and processed food solutions for the HORECA (hotel, restaurant, catering) sector, has revealed plans to invest INR 100 crore by 2028 to meet the growing demand for its products.
To boost its production capacity, FSIPL will add new lines to its existing facilities and establish additional ones. The company also plans to enhance its premium product offerings, catering to the rising consumer demand for high-end food items as incomes grow. This strategic move comes at a time when there is an increasing demand for ready-to-cook solutions, as restaurants, cloud kitchens, and food chains seek to optimize operations and innovate their menus.
FSIPL offers a wide range of products across six categories: seasonings, spices, gravies, sauces, beverage mixes, sweet goods, and FX-label single-ingredient items such as canned fruits, vegetables, and pasta, sourced from over 30 factories throughout India. Serving more than 40,000 customers, including top hotel chains, quick-service restaurants, and hospitality brands, FSIPL currently delivers to over 550 cities and towns across India.
“Our main focus will be to continue to expand our product range. The food industry that caters to the institutional segment is growing significantly because of travel, and work from home has stopped. So people are eating out more and ordering more,” said Ajay Mariwala Chairman and Managing Director, FSIPL. The company aims to expand its reach to 3,500 cities by 2028, with a revenue target of INR 1,000 crore. FSIPL’s growth strategy underscores its commitment to innovation, scalability, and meeting the evolving needs of the HORECA sector.