Chandrababu's company Heritage Foods aim Rs 6,000 crore turnover by 2022

Heritage Foods Limited (HFL), a leading dairy company owned by Andhra Pradesh Chief Minister N. Chandrababu Naidu's family, on Monday said that it had set a target of Rs 6,000 crore turnover by 2022.

Celebrating its silver jubilee, the company announced that along with its core business vertical of milk, it aims to enhance contribution of value-added products from current 24 to 40 per cent in the next five years.

Nara Brahmani, executive director of HFL, told reporters here that the firm currently handles 14 lakh litres of milk per day and this will go



up to 32 lakh litres per day by 2022.

Brahmani, daughter-in-law of Naidu, said Heritage Foods would achieve the target by both organic and inorganic growth.

She along with her mother-in-law Nara Bhuvaneshwari, Vice Chairperson and Managing Director of HFL, and other top company executives unveiled the new brand identity.

The company, which had turnover of Rs 2,380 crore in 2015-16, sold its retail, bakery and agri business to Future Retail Limited last year to consolidate and focus on dairy as a single line business.