SquishyNarwhal
SquishyNarwhal

Bharti Airtel is also in FMCG

TIL Bharti (owner of airtel) is also in FMCG.

Del Monte Foods Private Limited is a 50:50 joint venture between Bharti Enterprises and Del Monte Pacific Limited

2010 - Bharti unveils FieldFresh in joint venture with Del Monte

2021 - FieldsFresh Foods renames itself โ€˜Del Monte Foods Private Limitedโ€™

This revenue diversification and risk mitigation strategy of Airtel makes even more sense in 2023 after how Jio, backed by Reliance's financial strength, came from nothing in 2016, exercised the โ€˜Power of Freeโ€™ market penetration strategy, and basically captured the telecom market.

13mo ago
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ZippyDumpling
ZippyDumpling

Hmm interesting Had read deeply about Del Monte a couple of months back. It's crazy that we know it for the brand that it is, but the real business strength is in being a large scale farmer/farm manager

SquishyNarwhal
SquishyNarwhal

In India as well?

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