What we do Vidhi Specialty Food Ingredients Ltd manufactures synthetic food-grade colourants essential for food, pharmaceuticals, cosmetics, and more. It is the second-largest Asian and third-largest global producer. |
Founded in 1,994 |
Market share Third-largest globally and second-largest in Asia in synthetic food colours with capacity over 7,200 MTPA. |
Problem solved Provides consistent, high-quality synthetic food colours solving the need for stable, approved colourants in diverse industries. |
Top clients or who we serve Serves global food, beverage, pharmaceuticals, cosmetics industries; exports to 80+ countries; B2B customer base includes top multinational brands. |
Key management Bipin Madhavji Manek (Chairman & Managing Director) with 35+ years in food colour manufacturing, Mihir Bipin Manek (Joint MD). |
Our journey and innovations Started in 1994, expanded capacity multiple times, new Dahej plant commissioned in 2023 doubling capacity. First Indian synthetic food colour ISO 9002 certified. |
Where we operate Operations in India; exports across 80+ countries spanning Americas, Europe, Asia, Middle East, Africa. |
Top products or what we offer Synthetic Water-Soluble Colours, Aluminium Lakes, FD&C & D&C Colours, Blends, Co-Blended Lakes, Granules for various food and pharma uses. |
Top brands FD&C Certified Colours, Aluminium Lakes - key revenue drivers; ISO & US FDA certified; supply across multiple continents. |
Raw materials needed Specialized chemicals and dye intermediates used to produce synthetic food grade colours. |
Raw materials supplier Procurement from global chemical suppliers adhering to food safety norms. |
Recurring vs cyclical contribution Revenue largely recurring through established B2B contracts and ongoing supply agreements. |
Our industry position Leader in synthetic food colour manufacturing with high entry barriers and limited competitors. |
Financial highlights FY25 revenue Rs 382 crore; PAT Rs 43 crore; consistent double-digit growth; EBITDA Rs 68.5 crore. |
Geographical revenue split Domestic India ~21%, Outside India ~79%, with export presence across Americas, Europe, Asia and others. |
Order book - |
Whats driving growth Capacity expansion, new plant commissions, global demand for synthetic colours, product portfolio diversification, innovation. |
Our future plans Expand capacity to 1000 TPM with new Roha plant; increase high margin product range targeting global markets. |
Our green promise - |
Our people and values Strong governance with 8 directors including 4 independent women directors; commitment to ethics and compliance. |
Key challenges ahead Regulatory compliance across markets, supply chain risks, and maintaining quality in competitive environment. |
Interesting facts First Indian synthetic food colours maker with ISO 9002 certification; exports to 80+ countries worldwide. |
Risks and strategy Mitigates risks via stringent quality controls, R&D, regulatory approvals, and diversified customer base. |
