DamienLorenz695 at 12:27, 6 April 2026

2026-04-06T12:27:31Z

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{{Short description|Indian spice company}}
{{Use dmy dates|date=December 2019}}
{{Use Indian English|date=December 2019}}
{{Infobox company
| name = MTR Foods
| logo = MTR LOGO - New.png
| logo_caption = MTR Foods logo
| image_size = 187px
| type = [[Public company|Public]]
| traded_as = {{NSE|ORKLAINDIA}}<br>{{BSE|544595}}
| predecessor =
| successor =
| foundation = 1924<ref>{{Cite web |title=About MTR Foods |url=https://www.mtrfoods.com/about_us1 |access-date=2023-11-26 |website=MTR Foods |publisher=[[www.mtrfoods.com]]}}</ref>
| defunct =
| location_city = [[Bengaluru, Karnataka]]
| location_country = India
| location =
| locations =
| area_served =
| industry = Food
| services =
| revenue = {{up}} {{INRconvert|2455|c}} (2025)
| net_income = {{up}} {{INRconvert|255|c}} (2025)
| aum =
| assets =
| equity =
| owners = [[Orkla Group]] (75%)<ref>{{cite news |last1=Nair |first1=Aishwarya |title=IPO-bound MTR parent Orkla India sees high growth in regional markets, not looking at pan-India presence |url=https://www.moneycontrol.com/news/business/mtr-parent-orkla-sees-high-growth-in-regional-markets-not-looking-at-pan-india-presence-13630932.html |access-date=6 April 2026 |work=Moneycontrol |date=24 October 2025}}</ref><br>Navas Meeran (4.2%)<br>Firoz Meeran (4.2%)<ref>{{cite news |last1=Dsouza |first1=Sharleen |last2=Sethuraman |first2=Sundar |title=IPO signals strong commitment from Norway parent, says Orkla India |url=https://www.business-standard.com/companies/news/orkla-india-is-at-the-centre-of-the-plate-for-the-norwegian-headquartered-125102401076_1.html |access-date=6 April 2026 |work=Business Standard |date=24 October 2025}}</ref>
| num_employees =
| parent = [[Orkla Group]]
| divisions =
| homepage = {{URL|mtrfoods.com}}
| footnotes = Financials {{as of|2025|3|31|lc=y|df=y}}.<ref name="fy25"/>
}}
'''Orkla India Limited''', formerly known as and [[d/b/a]] '''MTR Foods''',<ref name="renamed"/> is an Indian food products company based in [[Bengaluru]]. The company manufactures packaged foods including breakfast mixes, ready to eat meals, masalas and spices, snacks and beverages.<ref>{{cite news|url=http://www.thehindu.com/business/Industry/mtr-focusses-on-south-with-innovative-products/article8891394.ece |title=MTR focusses on south with innovative product |work=[[The Hindu]] |date=23 July 2016 }}</ref> It is a subsidiary of [[Norway|Norwegian]] conglomerate [[Orkla Group|Orkla]].

==History==
The company began with the establishment of the [[Mavalli Tiffin Room]] (commonly known as MTR) restaurant in Bangalore in 1924 by Yagnanarayana Maiya.{{cn|date=April 2026}}

In 1975, when [[The Emergency (India)|India was under emergency]], a Food Control Act was introduced which mandated that food was to be sold at very low prices. This move made it difficult for MTR to maintain high standards in its restaurant business and forced it to diversify into the instant food business by the following year, selling ready-to-eat snacks such as chutneys and rasams. In 1984, MTR expanded out of Karnataka to the southern states of Tamil Nadu and Andhra Pradesh.{{cn|date=April 2026}}

In 2007, [[Orkla Group]], a Norwegian conglomerate, acquired MTR Foods for $80 million.<ref>{{cite web|url=http://www.thehindubusinessline.com/todays-paper/tp-marketing/article1649438.ece |title=Norway's Orkla acquires MTR Foods in $80-m deal |publisher=[[Business Line]]}}</ref>

In 2011, MTR launched a sub-brand called MTR SnackUp with traditional South Indian snacks like Khara Boondi and Benne Murukku.<ref>{{cite web|url=http://www.business-standard.com/article/management/mtr-moves-to-stop-rival-from-snacking-on-its-market-share-113081500973_1.html |title=MTR moves top stop reveal from snacking on its market share |publisher=business-standard.com }}</ref> In 2017, MTR launched a new brand called Laban.<ref>{{Cite web|title=MTR Foods introduces a new brand Laban, a delicious, stretchy, unique human-shaped candy|url=http://www.uniindia.com/mtr-foods-introduces-a-new-brand-laban-a-delicious-stretchy-unique-human-shaped-candy/other/news/1042532.html|last=|first=|date=|website=|access-date=}}</ref>

In 2020, Orkla Group announced that its subsidiary MTR Foods would acquire [[Kochi]]-based Eastern Condiments. As part of the deal, Eastern Condiments' owners Meeran family obtained a 9.99% stake in the combined entity.<ref>{{cite news |last1=Bhushan |first1=Ratna |title=MTR Foods acquires controlling stake in Eastern Condiments |url=https://economictimes.indiatimes.com/industry/cons-products/food/mtr-foods-acquires-controlling-stake-in-eastern-condiments/articleshow/77929920.cms |access-date=6 April 2026 |work=The Economic Times |date=4 September 2020}}</ref>

In 2023, MTR Foods was renamed as Orkla India.<ref name="renamed">{{cite news |title=MTR Foods has been renamed as Orkla India |url=https://www.thehindu.com/business/mtr-foods-has-been-renamed-as-orkla-india/article67408361.ece |access-date=6 April 2026 |work=The Hindu |date=11 October 2023 |language=en-IN}}</ref> Orkla India [[went public]] in November 2025 with an [[initial public offering]] (IPO).<ref name="fy25">{{cite news |title=MTR Foods' parent company, Orkla India, gears up for around ₹1,650 cr IPO |url=https://www.thehindubusinessline.com/markets/mtr-foods-parent-company-orkla-india-gears-up-for-around-1650-cr-ipo/article70195024.ece |access-date=6 April 2026 |work=BusinessLine |date=23 October 2025 |language=en}}</ref>

==References==
{{reflist}}

==External links==
*{{Official website|www.mtrfoods.com}}
*[https://www.ibef.org/industry/indian-food-industry/showcase/mtr-foods MTR Foods] on ''[[India Brand Equity Foundation]]''

{{Commercial herbs & spices}}

[[Category:Manufacturing companies based in Bengaluru]]
[[Category:Indian brands]]
[[Category:Condiment companies of India]]
[[Category:Food and drink companies of India]]
[[Category:Food and drink companies established in 1924]]
[[Category:Indian companies established in 1924]]
[[Category:Orkla ASA]]
[[Category:Indian companies established in 1976]]
[[Category:The Emergency (India)]]
[[Category:Indian subsidiaries of foreign companies]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

MTR Foods - Revision history

DamienLorenz695 at 12:27, 6 April 2026