- Business
- Orkla India Limited Orkla India Ltd (ORKLAINDIA.NS) operates as a leading multi-category food company in India, offering a diverse portfolio of packaged foods that cater to all meal occasions from breakfast and snacks to lunch, dinner, beverages, and desserts; its core products and services encompass spices and masalas including blended and pure varieties, convenience foods such as ready-to-cook (RTC) and ready-to-eat (RTE) items like sambar and chicken preparations, vermicelli, ready-to-eat sweets, breakfast mixes, and the 3-minute quick-preparation range, marketed under iconic heritage brands MTR, Eastern, and Rasoi Magic. The company maintains a strong presence across India with significant market share in core southern states including Karnataka, Kerala, Andhra Pradesh, and Telangana, while its international business unit exports to approximately 42 countries such as GCC nations, the US, and Canada, targeting both local and migrant Indian populations. Founded through the inception of MTR in 1924, Eastern in 1983, and Rasoi Magic in 1999, Orkla India, headquartered in Bengaluru, functions as one of 10 portfolio companies of Orkla ASA, the Oslo-based industrial investment company listed on the Oslo Stock Exchange, and comprises three business units: MTR, Eastern, and International Business. Recent developments include Orkla India's allocation of approximately Rs 700 crore for acquisitions of new brands targeting expansion into northern and western India regions, building on prior strategic moves such as the 2007 acquisition of MTR Foods by Orkla, the 2012 purchase of Rasoi Magic, and the 2021 acquisition of Eastern Condiments which doubled revenues in India; the company also launched revised lower maximum retail prices (MRPs) effective September 22, 2025, in response to India's NextGen GST reforms across applicable products, alongside its listing on Indian stock exchanges via a Rs 1,667 crore initial public offering in 2025 to enhance visibility and pursue growth ambitions.