FMCG giants such as Nestle,z, Hindustan Unilever, Tatas, ITC, Orkla, and Nissin Foods aim to acquire Capital Foods Pvt Ltd, whose value is estimated at around $1-1.25 billion. Capital Foods produces a variety of desi Chinese and Italian food including Ching’s Secret and Smith & Jones. Three major shareholders – Invus Group, General Atlantic and Ajay Gupta – made the decision to sell last year. 

Sources have also indicated that some bidders proposed buying up to 75 percent of the firm and making it public. Nestle India stocks reportedly gained almost 3 percent as a result of competition for the acquisition. 

The topline growth of Capital Foods over the past ten years is impressive. Revenue has seen compound growth of 18%, from Rs 145 crore in FY13 to the expected revenue of Rs 800 crore by FY23.