Subsidiary Establishment Details
- Incorporated 55% subsidiary in Delaware, United States: "TANVI FOODS USA INC"
- Incorporated 51% subsidiary in Milton Keynes, United Kingdom: "TANVI FOODS UK LIMITED"
- Purpose: Facilitate direct marketing, distribution and customer engagement in key overseas markets
US Subsidiary Performance (FY 2025-26)
- Commenced commercial operations in FY 2025-26
- Achieved turnover of approximately USD 10.5 Lakhs (equivalent to approximately ₹9.33 crore)
- Achieved Net Profit of approximately USD 1.38 Lakhs (equivalent to approximately ₹1.2 crore)
- Performance achieved despite tariff-related challenges, evolving trade policies and market uncertainties
- Established relationships with leading retail chains, supermarkets, restaurant groups and other customers
- Enables direct marketing, distribution and sales under company's own brand
Strategic Impact of US Operations
- Reflects increasing acceptance of company's products in international markets
- Marks important milestone in transition from predominantly private-label business model to stronger global brand presence
- Provided valuable market insights and operational experience in international markets
- Demonstrated resilience and competitiveness of company's products in dynamic global business environment
UK Subsidiary Status
- Recently incorporated, expects operations to commence shortly
- Completed establishment of warehousing, distribution and marketing infrastructure
- Operationally ready to receive container shipments from India and supply customers across UK
- Received encouraging response from prospective customers, distributors and retail partners
- Commercial discussions with multiple counterparties have progressed positively
- Healthy pipeline of business opportunities reflecting strong demand potential for frozen and ready-to-eat Indian food products
Market Context
- United Kingdom identified as attractive market for frozen and ready-to-eat Indian food products
- Market supported by consumer base for ethnic and convenience foods
- Significant population familiar with and receptive to Indian cuisine
- Operations continuing despite ongoing geopolitical tensions and uncertainties in certain international markets
Manufacturing Capabilities
- State-of-the-art manufacturing facility supported by advanced technology
- Holds international certifications and licences
- Enables meeting stringent requirements of developed global markets (US and UK)
- Provides strong platform for further international expansion
Disclosure Purpose
Update provided to keep shareholders and investors informed about progress of company's overseas business operations.