BUSINESS
Since 1945, Rich's has been a leader in culinary innovation. It consistently delivers premium products that enable pastry chefs and culinary experts to craft exceptional recipes.
In conversation with Mr Pankaj Chaturvedi, Managing Director - India/ Turkey/ MENA- Rich Products & Solutions Pvt. Ltd.
About RICH's
Since 1945, Rich's has been a leader in culinary innovation. It consistently delivers premium products that enable pastry chefs and culinary experts to craft exceptional recipes. From whip toppings and truffle solutions to beverages and cooking creams, Rich’s remains committed to offering products that deliver outstanding taste, dependable performance, and boundless culinary potential.
Q. Rich’s has established itself as a global leader in innovative bakery and culinary solutions. What has been the key to maintaining this leadership in a highly competitive industry, particularly in the HoReCa (Hotels, Restaurants, Catering) sector?
Rich’s is dedicated to empowering the culinary industry with a diverse range of innovative and high-quality products. Crafted from the finest ingredients, our offerings are designed to inspire chefs and culinary professionals to create exceptional recipes that stand out. As a brand, we go beyond providing products by offering comprehensive culinary support tailored to the unique needs of our food service customers. This commitment enables chefs and operators to expand their menus with innovative creations, giving them a competitive edge in today’s ever-evolving market.
Q. Can you share insights into the growth trajectory of Rich’s in India and its neighbouring markets, especially in the HoReCa segment? What growth trends are you noticing in this space?
India's urban landscape is marked by progress, development, and a higher purchasing power, making it a dynamic and lucrative market for brands. Consumers in these regions are increasingly driven by convenience and innovation, seeking premium products and services that cater to their evolving lifestyles. Additionally, there is a growing openness among consumers in India and neighbouring countries to explore trending desserts and beverages, reflecting their willingness to embrace new and unique indulgent experiences. This multi-dimensional approach to indulgence highlights an exciting opportunity for brands to innovate and cater to the diverse preferences of this market.
Q. What are your expansion plans, particularly in the HoReCa sector? Are there any new product lines or categories that Rich’s is planning to introduce to cater to evolving industry needs?
We recently celebrated the grand opening of our state-of-the-art Ujjain Plant, a significant milestone for Rich’s India. As Mr Pankaj Chaturvedi, Managing Director - India/ Turkey/ MENA stated, "The Ujjain Plant embodies our Triple Dream of 'Transforming Tomorrow Together.' This smart factory leverages cutting-edge technology to expand our portfolio and enter new categories, reinforcing our commitment to delivering the highest quality products to our loyal and ever-evolving customer base."
Q. What is your long-term vision for Rich’s in the Indian market and beyond? How do you see the company’s role evolving within the ever-changing landscape of the hospitality industry?
Rich’s envisions becoming the preferred partner for culinary professionals, recognized for our innovative products and exceptional support. Our goal is to expand our product range to cater to diverse culinary preferences while enhancing our culinary services. We are eager to enter new markets where our offerings can add value and elevate the culinary landscape. Additionally, we aim to collaborate with leading chefs, culinary institutions, and industry associations to drive innovation and promote culinary excellence.