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26 jan 2015
mapro foods
THE LOW-DOWN
The rise of modern retail gave Mapro a nationwide network and access to
customers with deep pockets . Also, the government replaced the 15 per cent
sales tax rate with a flat four per cent VAT. Vora invested the extra money
back into the business and set up three new units in Satara and Pune
districts in Maharashtra and Pathankot in Punjab. Today, installed capacity
is some 100 tonnes a day.
Mayur says he gets proposals from PE firms almost every month. "There's
no big name left who has not approached us," he says. "I don't know what
they can bring to the table except money. Sure, we need money to build a
national presence, but that can come from bank borrowing and internal
accruals."