Intergrow

About Intergrow

Positioned within the competitive food and beverage sector, Intergrow Brands Private Limited operates as a subsidiary of the Synthite Group, a global leader in value-added spices. Incorporated in late 2013 and headquartered in Ernakulam, Kerala, the company has established itself as a manufacturer and marketer of a diverse portfolio of food products. The company's business model is centered on manufacturing and distributing a wide array of food items, including spices, sauces, marinades, seasonings, and gourmet foods to retail consumers. Intergrow primarily generates revenue through the sale of its products across multiple brands.

Intergrow's strategic direction was significantly bolstered in October 2019 when it secured $11.3 million (Rs 80 crore) in a Series A funding round led by the Bahrain-based private equity firm, Investcorp. This capital infusion was earmarked for market expansion of its key brands and for augmenting its manufacturing capabilities. The company leverages the extensive R&D and spice extraction capabilities of its parent company, Synthite Industries, to inform its product development. As of the fiscal year ending March 31, 2024, Intergrow Brands reported revenues in the range of ₹100 cr - ₹500 cr.

The company's product portfolio is segmented into several brands designed to cater to different consumer needs. 'Kitchen Treasures' is its flagship brand, offering around 70 products such as spices, masalas, pickles, and culinary pastes, and has become the second-largest player in Kerala's packaged spices market. For the premium gourmet segment, Intergrow launched 'Sprig' in 2016, which includes a range of specialty spices, seasonings, hot sauces, and dessert ingredients. A notable product under this brand is the Sprig Habanero hot sauce. The company has also ventured into the artisanal chocolate market with 'Paul and Mike', a farm-to-bar chocolate brand that gained international recognition with a silver award at the 2020-2021 International Chocolate Awards. Another offering includes 'TE.A', a line of cold-crafted green tea.