When was Eastern Condiments founded?

Eastern Condiments was founded in 1983 and raised its 1st funding round 23 years after it was founded.

Where is Eastern Condiments located?

Eastern Condiments is headquartered in Kochi, India. It is registered at No.1 2nd and 3rd Floor, 100 Feet Inner Ring Road Ejipura, Ashwini Layout, Vivek Nagar, Bangalore, Bangalore, Karnataka, India, 560047.

Who is the current CEO of Eastern Condiments?

Akhil Paul and Prem Kumar s of Eastern Condiments. Akhil Paul is also an angel investors in 1 startup.

Which legal entities is Eastern Condiments associated with?

Eastern Condiments is associated with EASTERN CONDIMENTS PRIVATE LIMITED and 6 others.

How many employees does Eastern Condiments have?

As of May 31, 2025, the latest employee count at Eastern Condiments is 3971.

Is Eastern Condiments a funded company?

Eastern Condiments is a funded company, having raised a total of $46M across 2 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Jan 08, 2006.

How much is Eastern Condiments worth?

The last known valuation of Eastern Condiments was $***** as of Sep 04, 2020.

When was the latest funding round of Eastern Condiments?

Eastern Condiments' latest funding was a $***** Series C round on Jun 29, 2010, with participation from 1 investor. Its primary sector is Food & Beverage Products. In India, the Food & Beverage Products sector has seen $345M in funding in 2026 to date.

What is the annual revenue of Eastern Condiments?

Annual revenue of Eastern Condiments is between ₹500 Cr and ₹1,000 Cr as on Mar 31, 2022

Where does Eastern Condiments rank among its competitors?

Eastern Condiments ranks 52nd amongst 1690 active competitors, of which 57 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Two Brothers Organic Farms, which secured $135K in Sep, 2026.

Who are the top competitors of Eastern Condiments?

Eastern Condiments' top competitors include Wingreens World, Two Brothers Organic Farms and Country Delight. Among them, Two Brothers Organic Farms secured the most recent funding round in September, 2026.

Eastern Condiments - 2026 Company Profile, Team, Funding, Competitors & Financials

Eastern Condiments is an acquired company based in Kochi (India), founded in 1983 by M E Meeran. It operates as a Brand of spices, condiments, pickles, and beverage. Eastern Condiments has raised $46M in funding from McCormick and New Vernon Capital, with last known valuation of $*****. The company has 1690 active competitors, including 57 funded and 40 that have exited. Its top competitors include companies like Wingreens World, Two Brothers Organic Farms and Country Delight.

Company Details

Brand of spices, condiments, pickles, and beverage. Its other product range includes various spice powders, sweets, desserts, packaged ready-to-cook food items including dosa & idli powder, and coconut oil.

Website: eastern.in
Social
Email ID: *****@eastern.in
Phone Number: +91 **********
Registered Address: No.1 2nd and 3rd Floor, 100 Feet Inner Ring Road Ejipura, Ashwini Layout, Vivek Nagar, Bangalore, Bangalore, Karnataka, India, 560047

Key Metrics

Founded Year

1983

Location

Kochi, India

Stage

Acquired

Total Funding

$46M in 2 rounds

Latest Funding Round

Series C, Jun 29, 2010, $*****

Last Known Valuation

$***** as on Sep 04, 2020

Investors

McCormick & 3 more

Ranked

52^nd among 1690 active competitors

Annual Revenue

₹500 - ₹1,000 Cr as on Mar 31, 2022

Employee Count

3,971 as on May 31, 2025

Investment & Acquisitions

CloudSEK Research

Similar Companies

Unilever & 5199 more

Exit Details

Acquired by Orkla India (Sep 04, 2020)

View Eastern Condiments' full profile

Eastern Condiments is associated with 7 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
MENMA COSMETICS LLP CIN: AAV-3465 , India, Active	Jan 04, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	15 (As on Mar 31, 2025)
EASTERN RETREADS PVT LTD CIN: U25119KL1993PTC007151 , India, Active	May 24, 1993	0 - ₹10 Cr (As on Mar 31, 2025)	145 (As on May 31, 2025)
EASTERN CONDIMENTS PRIVATE LIMITED CIN: U15499KA1989PTC153490 , India, Amalgamated	Aug 17, 1989	₹500 - ₹1,000 Cr (As on Mar 31, 2022)	-
EASTERN TREADS LIMITED CIN: L25119KL1993PLC007213 , India, Active	Jul 02, 1993	₹50 - ₹100 Cr (As on Mar 31, 2025)	204 (As on May 31, 2025)
EASTERN MATTRESSES PRIVATE LIMITED CIN: U17214KL1999PTC012719 , India, Active	Jan 06, 1999	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
EASTERN FOOD SPECIALITY FORMULATIONS PRIVATE LIMITED CIN: U15490KA2008PTC048380 , India, Active	Nov 21, 2008	0 - ₹10 Cr (As on Mar 31, 2024)	-
ORKLA INDIA LIMITED CIN: L15136KA1996PLC021007 , India, Active	Aug 21, 1996	₹1,000+ Cr (As on Mar 31, 2026)	2706 (As on Jul 01, 2025)

Eastern Condiments got acquired by Orkla India on Sep 04, 2020 at an acquisition amount of $*****.

Click here to take a look at Eastern Condiments's acquisition in detail

Eastern Condiments has raised a total funding of $46M over 2 rounds. Its first funding round was on Jan 08, 2006. Its latest funding round was a Series C round on Jun 29, 2010 for $*****. 1 investor participated in its latest round. Eastern Condiments has 2 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Eastern Condiments:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 29, 2010	8119859	Series C	7317318	3251839	7834277	1446516
Jan 08, 2006	4207435	Series B	9459509	4049986	New Vernon Capital	1490682

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View details of Eastern Condiments's funding rounds and investors

The founders of Eastern Condiments is M E Meeran. Akhil Paul is the CEO of Eastern Condiments.

Here are the details of Eastern Condiments' key team members:

M E Meeran: Former Founder of Eastern Condiments.
Akhil Paul: Co-CEO of Eastern Condiments. They are also an angel investor in 1 startup.
Prem Kumar: CEO of Eastern Condiments.

Eastern Condiments' Board of Directors

Eastern Condiments's board has 5 active members. Feroz Meeran and Navas Manalumparayil Meeran are part of team and Claes Johan Wilhelmsson, Ankur Kumar Bhaumik and Sanjay Sharma are independent board members.

Here is the list of Eastern Condiments' board of directors:

Name	Type	Representing	Status	Duration
tayzckf	Team	-	Current	3y 3m
lzekfyj	Team	-	Current	9y 6m
Claes Johan Wilhelmsson	Independent board member	-	Current	5y 7m
ry{cnam	Independent board member	-	Current	7y 2m
drbgorj	Independent board member	-	Current	8y 2m

View details of Eastern Condiments's Founder profiles and Board Members

Eastern Condiments' employee count trend

Eastern Condiments has 3,971 employees as of May 25. The total employee count is 1.0% lower than what it was in May 24. Here is Eastern Condiments's employee count trend over the years:

Employee count trend for Eastern Condiments

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Top competitors of Eastern Condiments include Wingreens World, Two Brothers Organic Farms and Country Delight. Here is the list of Top 10 competitors of Eastern Condiments, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wingreens World 2011, Gurugram (India), Series D	Online retailer of better-for-you food and beverage products	$79M	Peak XV Partners, Investcorp & 82 others	75/100
2nd	Two Brothers Organic Farms 2016, Pune (India), Series B	Manufacturer of organic food products including cultured ghee, stone ground flour, cold pressed oils, and natural sweeteners	$25.3M	360 One, Crest Ventures & 26 others	74/100
3rd	Country Delight 2015, Gurugram (India), Series E	Retailer of fresh dairy, grocery, and food products delivered directly to homes	$225M	Orios Venture Partners, Temasek & 45 others	70/100
4th	ITC 1910, Kolkata (India), Public	Provider of diversified products across FMCG, paperboards, packaging, agri-business, and IT	-	-	70/100
5th	Anveshan 2019, Gurugram (India), Series B	Online brand offering natural food products	$26.5M	DSG Consumer Partners, Ayodhya Finlease & 50 others	69/100
6th	Khetika 2021, Mumbai (India), Series B	Internet first brand of dry fruits and ready to cook products	$25M	Anicut Capital, NSFO & 5 others	68/100
7th	Yu Foodlabs 2020, Gurugram (India), Series B	Online retailer of instant meal bowls, noodles, pasta, and juices	$14.9M	Capitar Ventures, UTI & 50 others	67/100
8th	RJ Corp 1980, Gurugram (India), Series B	Brand of food & beverage products	$41.1M	Devayani Overseas, ICICI Venture & 16 others	66/100
9th	Organic India 1997, Delhi (India), Acquired	Produces and markets organic tea	$222K	IITC Digital Com, IFIS & 82 others	64/100
10th	Ajinomoto 1909, Tokyo (Japan), Public	Multi category food and beverage manufacturer	-	Europa, Yusen Logistics	63/100
52nd	Eastern Condiments 1983, Kochi (India), Acquired	Brand of spices, condiments, pickles, and beverage	$46M	New Vernon Capital, McCormick & 2 others	45/100

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EASTERN CONDIMENTS PRIVATE LIMITED, the legal entity associated with Eastern Condiments, generated between ₹500 Cr and ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2022. The revenue of EASTERN CONDIMENTS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of -4% in the last 1 year.

Financial Statement Summary

Metrics	FY 2021-22	FY 2020-21	FY 2019-20	FY 2018-19	FY 2017-18
Income Statement
Revenue	7027	4194	6605	8827	6655
Total Sales	9751	1539	7561	2990	4476
Total Expenses	2881	6448	3227	4204	5401
Operating Expenses	8697	9600	6080	3012	3038
Employee Expenses	1458	6108	4190	6179	8249
Marketing Expenses	4739	9628	2046	1260	6846
Operating Income (EBIT)	6236	9931	3911	4374	2695
Interest Expenses	8331	9341	1411	8574	1945
Expenses from other activities	3781	1382	9039	5383	1241
EBITDA	5586	8720	7354	5684	4615
Taxes	5995	1886	7179	6320	3014
Net Profit	8475	2338	1939	6175	4424
Balance Sheet
Assets	7531	3705	4412	7125	3554
Cash Equivalent	2450	4924	9221	4665	5679
Accounts Receivables	2325	9730	9597	6442	1029
Inventory	7246	7463	1832	2653	9641
Liabilities	4850	4751	4313	2159	6003
Total Debt	3066	6504	8035	3656	8962
Accounts Payable	5764	4287	8754	8384	9317
Equities	6993	1596	6133	7935	6806
Cashflow Statement
Cash from Operating activities	6886	9775	5005	9964	7369
Cash from Investing activities	5581	8183	9877	3176	5509
Net cash from Financing activities	3050	3521	2965	7035	8046

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders (largest shareholder) own 86.68%, Funds own 13.02% and Other People own 0.29%. The net worth of Eastern Condiments's founders is INR 248Cr as of Sep 30, 2006. The cap table displayed below is for EASTERN CONDIMENTS PRIVATE LIMITED which is the legal entity associated with Eastern Condiments.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	86.68%	248Cr	2669281	5275761	1307804	8662443
Fund	13.02%	37.2Cr	3114374	3846235	2376835	6337477
New Vernon Capital	2868625	7201740	6399117	7718373	7180242	3379700
Other People	0.29%	83.8L	0	0	0	0
Total	99.99%	286Cr	9247291	6228173	5360295	6354361