| Spirit, Liquor, Spirituous Beverage | Manufacture and bottling of industrial alcohol and Indian Made Foreign Liquor products. | Technical collaboration, established bottling and distillery facilities, brand recognition, and integrated supply chain. | B2B and B2C including pharmaceutical, chemical industries, distributors, and retailers. | Branded liquor sales and distillery operations with backward integration potential. | 1119 | 73 | Sales revenue from bulk and branded liquor products to domestic and export markets. | Direct sales and bulk contracts with price influenced by raw material costs and regulation. | Capacity expansion, modernization, and demand recovery in branded IMFL despite competition and regulatory issues. | |
| Marine | Processed marine foods including shrimp and fish along with branded aqua feed products. | Strong distribution network, proprietary feed formulations, strategic acquisitions, and international manufacturing partnerships. | B2B exporters, aquaculture farmers, domestic retailers, and HORECA segments. | Branded aqua feed business with growth potential in multiple states of India. | 419 | 27 | Sales of marine food products and aqua feed primarily through export and domestic channels. | Product sales with potential volume contracts and feed pricing based on raw input costs. | Acquisition of shrimp and fish feed businesses, product innovation, and expanding domestic and export market presence. | Nutrisigma, Nutrafeed |
