Parsons Nutritionals Secures Rs 700 Crore Investment for Expansion

Parsons Nutritionals, a prominent contract manufacturer in the FMCG (Fast-Moving Consumer Goods) sector, has secured a significant investment of Rs 700 crore from Lighthouse Funds, a renowned private equity firm. This marks Parsons Nutritionals’ first-ever private equity funding round, serving as a major catalyst for the company’s ambitious expansion plans.

Lighthouse Funds Demonstrates Confidence in Parsons’ Growth Potential

The investment represents the third allocation from Lighthouse Funds’ recently established Fund IV, signifying their strong belief in Parsons Nutritionals’ future growth trajectory. The funding round also saw active participation from co-investors of Lighthouse, including prestigious institutions like the International Finance Corporation (IFC), Evolvence India, HDFC AMC’s Fund of Funds, and several prominent family offices.

Strategic Partnership Fuels Parsons’ Growth Aspirations

Expressing his enthusiasm about the collaboration, SS Mann, Chairman of Parsons Nutritionals, said, “As we strive for continuous growth as a company, partnering with Lighthouse at this critical juncture feels like the perfect step. Their long-term vision and emphasis on fostering a collaborative environment align perfectly with our core values at Parsons. We are eager to embark on this exciting journey together.”

A Well-Established Player in the FMCG Industry

Founded in 2002, Parsons Nutritionals has established itself as a leading force within the FMCG landscape. The company specializes in the production of a wide variety of packaged food and beverage products. Their portfolio encompasses everything from convenient ready-to-drink mixes to delectable biscuits, chocolates, and confectionery items. Additionally, Parsons Nutritionals has expanded its offerings to include personal care products such as shampoos and soaps.

Lighthouse Funds Backs Parsons’ Unique Strengths

Sachin Bhartiya, Co-Founder and Partner of Lighthouse Funds, commented on the investment, stating, “Parsons’ commitment to manufacturing excellence, combined with their unwavering focus on product quality, operational efficiency, and a strategic distributed manufacturing approach, positions them exceptionally well to capitalize on the growing consumer demand and outsourcing trends within the FMCG sector. This investment aligns perfectly with our long-term vision of supporting the organized, branded, and premiumization trends within the consumer products space.”

Lighthouse Funds: A Proven Track Record in Consumer and Healthcare

Lighthouse Funds, a prominent mid-market private equity firm, focuses on growth investments within the consumer and healthcare sectors. Since its inception in 2007, the firm has provided valuable support to over thirty companies across these domains. Their portfolio boasts well-known brands like Unibic, Bikaji, Wow! Momo, Kama Ayurveda, Nykaa, Duroflex Mattress, and Fabindia, to name a few.