“28 crores. Today we are a 5000 crore brand. We took the right decision at that time, not to sell the company at that time.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from PC Musthafa
Opinion
Musthafa: Idli or dosa batter is probably the most consumed food globally
“In fact, I keep, I think probably the Italy batter or dosa batter would be the most consumed food diet in the world.”
PC MusthafaNov 24, 2023▶ 39:18Building a ₹3,000 Crore Business, PC Musthafa, Founder, iD Fresh
Disclosure
Musthafa: iD Fresh ferments batter inside trucks during transit
“So what we do is, A product which has to be you know, sold in, let's say, kitchen market tomorrow morning. Yeah. Production process partially gets completed today. And immediately after the process is completed, which is product is packed, we load it to a truc…”
PC MusthafaNov 24, 2023▶ 44:25Building a ₹3,000 Crore Business, PC Musthafa, Founder, iD Fresh
Insight
Musthafa: iD sells batter, not idlis, so homemakers retain credit
“So what we have learned is never ever take credit away from the homemaker. He or she is the gatekeeper for the kitchen. Never replace a lot of a customer. Help them to help them to do their job better. And that is the philosophy of ID. And that's the reason we…”
PC MusthafaNov 24, 2023▶ 51:30Building a ₹3,000 Crore Business, PC Musthafa, Founder, iD Fresh
Opinion
Musthafa: Fresh food is the future of India's packaged food industry
“I think fresh sells. Fresh is the future. We Indians don't trust a packaged food, right? The best way to, best reason to believe is the shelf life.”
PC MusthafaNov 24, 2023▶ 55:53Building a ₹3,000 Crore Business, PC Musthafa, Founder, iD Fresh
AssertionNot checkable as stated
Musthafa: iD Fresh maintains overall product wastage below 4%
“Today, at an overall ID level, we are at less than four percent wastage. In, for a mature city, mature product, we will be running at less than one percent wastage.”
PC MusthafaNov 24, 2023▶ 1:02:54Building a ₹3,000 Crore Business, PC Musthafa, Founder, iD Fresh
Insight
Musthafa: Never attempt to build a brand before perfecting the product
“If you don't get the product, you don't even attempt to, you know, sell it and build a brand.”
PC MusthafaNov 24, 2023▶ 31:06Building a ₹3,000 Crore Business, PC Musthafa, Founder, iD Fresh
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