How a scion can take the business from Rs 25 crore to Rs 300 crore is a story of sheer grit and passion. Nitin Seth reveals what’s cooking at GD Foods.
The imposing head office of GD Foods, the manufacturing company behind brand Tops, is all too visible as one negotiates the serpentine bylanes of West Delhi. Its fascinating story, too, has taken many twists and turns.
The memories of Tops go back to the era when the Indian market was just picking up newer cuisines like the Chinese. Interestingly, it is the same year, 1984, when Nestle launched Maggi and Tops launched its first ever product – Tops instant noodles. That Tops stood out against a multinational competitor is a feather in its cap.
The 80s era was the start of food processing in earnest in India where industrialists combined the two major pillars of the economy, i.e., agriculture and industry. It was a heady mix.
B.M. Seth, father of Nitin Seth, the current vice chairman, set up GD Foods in fond memory of his father, Govardhan Das, who always dreamt of setting up a major business touching the lives of many families across the country, one that is a huge benefit to the economy. From its early years, the brand has been providing livelihood to many women. In Rajasthan alone it employs 400 women.
The brand Tops has done well over the years. It has added close to 200 stock keeping units or SKUs under its product portfolio ranging from jams, ketchups, pickles and cookies.
This story is from the July 2019 edition of Entrepreneur magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2019 edition of Entrepreneur magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.