Current Affairs Exam

Wipro buys Kerala-based food brand Nirapara

Wipro Consumer Care and Lighting, a part of Wipro Enterprises, announced the acquisition of Nirapara, a Kerala-based packaged rice powder and spice mixes brand.

The move comes a few months after Wipro announced its plans to foray into the packaged foods business.

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Nirapara was launched in 1976 and is owned by KKR Group of Companies. It is best known for its blended spices and ready-to-cook rice powder products. It has an annualised revenue of Rs 100 crore.

About 63% of its revenue comes from Kerala, while the bulk of the rest comes from GCC countries that have a strong diaspora Population from Kerala, said Wipro Consumer Care CEO Vineet Agrawal. Nirapara is our 13th acquisition and gives us a clear foothold in the spices and ready-to-cook segment, he added.

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