Imd millet foods presentation
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Transcript of Imd millet foods presentation
Brings Smart Food With NutritionInd Millet Foods
Supported by
Agri-Business Incubation(ABI) –ICRISAT(International Crops
Research Institute for Semi Arid Tropics
Smart food with nutritionWhat Problem We Address
Market : Lack of healthy food products especially millet based for the increasing population suffering from various lifestyle diseases
Environmental :Need for drought resistant crops like MILLET
Agricultural : Farmers need for crops like Millets which is economical to grow in India
70 million people in India affected by diabetes by 2015
73% of urban Indians are overweight
Smart food with nutritionWhat Solution We Give
Market :Making available MILLET based foods products which are trendy & nutritious & can help reduce our lifestyle diseases.
Environmental : Consuming millets will encourage farmers in dry land areas to grow millet crops which are drought-resistant & environment friendly.
Agricultural : Millets has short growing season. They inherently require less fertilizers & pesticides. So economically good for farmers.
Smart food with nutritionCompany & Mission Ind-Millet Foods is a startup food processing enterprise
aspiring to make a name in the food industry.
Ind-Millet Foods manufactures value added healthy food products of millets.
VISION : Making the world a better place by providing healthy & nutritious foods
MISSION : A company with the highest morals and ethical values. We see ourselves delivering tasty & healthy
products to the society, giving farmers the best price & empowering women economically
Smart food with nutritionPRODUCTS IN THE MARKET
Jowar/Ragi Crispys(Masala .Tomato, Cheese Flavor)
Ragi Choco BallsMillet Biscuits
Healthy Millet Food
Products
Sourcing of needed Millet grains directly from farmers
processing of
nutritionally rich Millet based food products
Advertising ,Branding, Marketing & Reaching customers directly or through other channels
partners
Innovations, Technical
know-how from Research
Institutes and product R&D.
6
Business Model
7
Healthy Millet Food
products
Current Model : Cost optimization through
focus on core competencies and
production outsourcing where needed and
advantageous.
Proposed Model : Setting up a food processing factory with initial support
from an organization.
Packaging the product in
varied sizes and quantities as per market
demand
Marketing products in retail through
Marketing agency & distributors and
directly to institutional clients
like schools, hostels ,hospitals etc.
Revenue Model
ProductHealthy, High quality ,Hygienic,Gluten-free, Highly nutritious ,High fiber, High protein & minerals, Attractive packaging, Mind captivating brand, Standard leveling
PlaceRetail Shops, High foot-count commercial places, Institutional food outlets(canteens), Schools,Health & fitness centers
PromotionNewspaper Advertising, Pamphlets, E -marketing, Exhibitions, Electronic Media
PriceAffordable price, Longer credit, Discounts
Marketing
Competition
• Similar products like Kurkure, Bingo, Full Toss, Act II, which are generally made from corn meal exist in market.
• Although the market has varieties of snacks, there is least number of snacks that uses sorghum and millets as the main ingredients and this is what differentiates Ind-Millet Foods products
• Ind-Millet Foods want to stake on the nutritional value and health benefits provided by these grains to create tasty, modern and trendy products.
• Sales - Three years(2017 to 2019 )
*1 batch(1 ton jowar processing) = 22,857 sku of 25 gm ** 1 sku basic price Rs. 12.74
Item 2017 2018 2019
Jowar crispys
9,60,000 sku(24 tons)
19,20,000 sku(4 tons /mts=48 tons)
48,00,000sku(10 tons /mts=120 tons)
Sales Value
(in Rs.)1,22,30,400 2,44,60,800 6,11,52,000
Business Projection (Millet Crispys)
Status and Timeline
February,2014 : Incorporated venture “Ind-Millet Foods”
October,2014 : Started manufacturing products with outsourced party
January,2015 : Standardized the crispy. Started supplying products to BigBasket.com. Active member of ICRISAT “Smart Food Campaign".
October,2015 : Started own packaging factory.
Jan 2016 till date : Have clients like ICRISAT,Health stores in Telangana & Andhra Pradesh. Soon introducing in Amazon.com & Reliance Fresh Supermarkets. Tying up with a Marketing agency @ Bangalore for pan India sales. Upcoming products include Millet Energy Bar & Fortified Ragi Powder(for pregnant women & children)
Smart food with nutrition ABOUT US
Founders
Support Organizations & Mentors
Madhavi PomarEx Research Associate, National Institute of Nutrition(NIN) Ex Analyst, Apollo Hospitals
Jayanthi SatramEx Research AssociateSipra Labs, Hyderabad.
Dibyajyoti Borgohain SaikiaEx Computer & Science TeacherOakridge International SchoolNasr Boys School
Aravazhi SelvarajCOO,INP,AIP-ICRISAT(Business development)
Saikat Dutta MajumdarCOO,NPK,AIP-ICRISAT(Product Development)
Dr. B Dayakar RaoPrincipal ScientistIIMR(Indian Institute of Millet Research
Smart food with nutrition
AID NEEDED FOR
1.Working Capital2.Improving the product packaging3.Introducing new products4.Product marketing & promotion5.To set up the processing plant (now have
the packaging facility only)
Smart food with nutrition
Ind-Millet FoodsFTPC, Plot No. 104,ALEAP Industrial Estate,
Pragati Nagar, Opposite JNTU,Kukatpally,Hyderabad-90
TIN: 36671870022 FSSAI : 13615010000377
[email protected]/rigdam9704724400,9676288476, 9866964135
Smart Food For Smart People
And If You are Smart….Contact us @