Stories
From Potato Trading to Rs 1500-Crore Empire: The Rise of HyFun Foods
- •HyFun Foods was founded in 2015 by Haresh Karamchandani, evolving from a six-decade-old family potato and onion trading business into a major food processing enterprise.
- •The company supplies frozen French fries and potato-based products to global quick-service restaurant giants including Burger King, KFC, Pizza Hut, Subway, and Taco Bell.
- •HyFun reported revenues exceeding Rs 1,500 crore in FY25, driven by a strong B2B institutional client base and robust export operations spanning over 40 countries.
- •The firm announced a Rs 850-crore investment plan in 2024 to build three new potato-processing plants in Gujarat and scale up agricultural procurement to 1 million tonnes by 2028.
- •Beyond its core institutional market, HyFun is aggressively expanding into the Indian consumer retail and online segments to sell ready-to-cook products directly to households.
Key Questions Answered
The origins of HyFun Foods trace back to 1962 when Asandas Karamchandani started trading potatoes and onions through the family business Asandas & Sons in Mehsana, Gujarat. Successive generations expanded the trading operations before the third generation, led by Haresh Karamchandani, shifted the business into manufacturing frozen potato products in 2015.
HyFun Foods supplies its frozen French fries and potato-based products to major global quick-service restaurant brands including Burger King, KFC, Pizza Hut, Subway, and Taco Bell.
HyFun Foods reported consolidated revenue of more than Rs 1,500 crore in FY25, scaling up significantly from approximately Rs 324 crore in FY20. However, its net profit declined to around Rs 60 crore in FY25 after reaching approximately Rs 159 crore in FY24.
