Haresh Karamchandani Biography 2025:
Haresh KaramChandani, founder and Chief Executive Officer of HAFN Foods comes from Mehsana, a small town in Gujarat post partition where his grandfather set up a wholesale business of potato trading.
Sent at a tender age to a hostel in order to keep him away from his family’s traditional business, Haresh ends up doing something similar that gave him a close-up view of the business’s constraints.
His good schools and colleges for early education and the 12 years he spent away from family forged his analytical thinking and entrepreneurial paper.
Haresh Early Life & Family Background:
Haresh KaramChandani, family business was in the very unorganized business of trading in potatoes and was riddled with daily operational issues.
Understanding that there was always going to be a ‘glass ceiling’ for growth in the trading industry, Haresh looked for new business ventures that were not limited to trading and which were more related to value partnerships akin to PTT Group, his family’s long-standing partners of KPN.
Potato and frozen In 2010, Haresh realized the potential of potato processing and frozen food while visiting a multinational in Gujarat manufacturing frozen French fries.
He noticed the stark difference in perception: In the West, frozen foods were revered as superior to fresh, while in India frozen food had always been considered unhealthy.
Haresh realised that there were only a few global leaders in frozen potato products whose roots primarily had been based in potato farming or trading, so he felt there was an opportunity for him to join the industry, as having grown up with a farming background, he was a natural fit.
Haresh Karamchandani Business Career:
Haresh KaramChandani, also took the entrepreneurial corporate decision to jump into manufacturing of frozen foods, even though Haresh had never done manufacturing before, and he had a lot of capital at risk.
It was hard work to persuade family members as they weren’t familiar with the sector – they were scared of competing with the multinational companies.
Despite his continuos hunt, he bagged a machinery contract from the Netherlands and stared off only to progress until the supplier unit in the Netherlands went bankrupt, leaving Haresh with a whooping ₹3 crore loss.
Haresh Karamchandani Struggle:
Waheed, realising the potential of the frozen food business, took a break of five years from the family business to establish the frozen food venture.
Along the way, he faced personal and professional struggles, including obtaining bank financing for a concept that had never had demonstrated success in India.Construction of the factory began in October 2014 and production started in December 2015.
Haresh Karamchandani Hyfun Foods:
The fruit’s launch product, for the food service segment, was carried out in December 2015, during the poor-quality period of potatoes (off season), and and considerable product rejections. With later endeavors we were dedicated to delivering a top quality product and over the years made HAFN Foods a reliable high quality supplier on the export markets.
Following new crop improvements in product quality, the company re-established itself and was slowly re-accepted by the market.
In 2016 HAFN Foods bagged a supply agreement with Burger King, thus stepping into the QSR segment as well as establishing itself as a local Indian company which amalgamates with multinational chains.
In 2017, the company began to look for international markets as its export obligations under the EPCG scheme started to apply. The Company’s first export order from Thailand was rejected on a quality basis and it was a lesson to the Company to deal with experienced Buyers who understand the merchandise frozen.
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Hyfun Foods Net Worth:
Rising export orders revealed capacity limitations and resulted in growth with new processing lines in 2019. Soon after expansion, the COVID-19 pandemic led to significant disruptions of the food service and QSR industries worldwide, with corresponding adverse effects on sales and supply lines.
2020 Year of COVID-19 was difficult to manage, while the second wave in 2021 proved to be even tougher, with lockdowns in India as well as the key export markets.
Post-pandemic reopening from late 2021 resulted immediately in fast growth through attending food exhibitions and acquiring new customers and countries. And today, HAFN Foods exports to more than 40 countries and does a business of around ₹1,500 crore.
Soon after expansion, the COVID-19 pandemic led to significant disruptions of the food service and QSR industries worldwide, with corresponding adverse effects on sales and supply lines.
Hyfun Food Salary & Employee:
- The company began with only 10 workers but now has over 1,000.
- The network of farmers has grown from 200 potato farmers to 7500, which is a huge rural economic impact.
- Haresh brother, kamlesh also joined HAFN in 2015, and is mainly responsible for export and quality development of organization propel.
- Vision for Indian Food Processing Sector:_FILL-IN: Country’s Economic Development 15-2-201-5.
- Haresh considers food processing, especially fruits and vegetables, a sunrise industry for India.
He points out that India could become a global food basket, buoyed by the vision of the Prime Minister. The company’s target is not only to supply easy meals in the domestic market but also to lead in the export market with high quality processed goods.
Conclusion:
This is detailed summary of Haresh KaramChandani entrepreneurial road capturing the set of experiences that got him here, the choices that he made, the hurdles he overcame and much more on the future of food processing in India.
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