In Conversation with Raghav Gupta - third-generation entrepreneur, who is carrying forwarding the legacy of Kanchan Metals.
Kanchan Metal has witnessed the transformation of the Food Industry in India. Since the 1980s, the firm has been catering to the changing food dynamics through its manufacturing expertise, be a part of many fast-food success stories - Domino's, Haldirams, and many others.
Kanchan Metals by 2021 is among the trusted and go-to-manufacturer for any Indian emerging food startup.
https://snackfoodmachines.com/
Here are the key insights and milestones of Kanchan Metals:
- Established in 1984, Kanchan Metals have 3 plants in Greater Noida.
- They started out as a single person operation selling imported food processing equipment.
- Over the years they have added several new business functions and activities including their own manufacturing facility for food processing machines and products.
- Their existing production facility is well equipped to cater to current demand, They hope in the next 2 years we will have to expand our production capacity.
- The turnover for the last financial year was INR 64 Crore. Owing to the COVID 19 situation they could not have a very productive 1st quarter but are hopeful to achieve the same revenue as last year in a reduced business period of 9 months, if they are able to then they would see it as good growth.
- Their goal is to become the number 1 choice for processing machinery for snack food in India.
- They have multiple divisions in the company and machinery division has 60 persons and have employee's over 300 in the food manufacturing business.
- Kanchan Metals represent manufacturers as their distributors and sell their products as well as manufacture certain equipment in the house. We try to bring the best of both worlds together for a cost-effective integrated solution.
- Moving ahead, the company’s aims to hire talented resources in the upcoming year and achieve a year on year growth rate of 20%