Rinac plans Rs 100 crore investment to expand capacity

Bengaluru: Rinac India Ltd, engaged in the manufacture of cold chain and temperature-controlled infrastructure solutions, plans to expand its capacity at an investment of Rs 100 crore. The company aims to set up a new manufacturing facility near Bengaluru and expand an existing factory in Mumbai.

It currently operates two manufacturing facilities in Bengaluru and Mumbai to manufacture different products for retail, FMCG, and agriculture sectors.

“We have acquired 10-acre land from KIADB in Mastenahalli of Kolar district to expand our racking facility and reefer truck assembly lines at about Rs 100 crore. Our Mumbai factory is also undergoing expansion at an investment of Rs 100 crore and it will be commissioned in October/ November this year,” P V Balasubramanian, Managing Director, Rinac India Limited told DH.

He said Rinac is specialised in conceptualising, designing, manufacturing, installation, and commissioning of turn-key cold chain projects and clean construction solutions for horticulture, milk, and milk products, seafood, meat, poultry, ready-to-eat, hospitality, healthcare, and refrigerated logistics sectors. Its clients include ITC, Britannia, Tata, Reliance, Nestle, Flipkart, Biocon, Dupont, and Patanjali among others.

Recently, Rinac formed a partnership with Milan-based Epta, a provider of commercial refrigeration systems to launch refrigerated retail merchandisers in India. The company plans to introduce energy-efficient solutions tailored for retail, food & beverage, and hotel, restaurants, and catering sectors.

"Through this collaboration, we will bring their products made in their Thailand factory to the Indian market for the retail sector in India. With our presence all over India, the Italian company was convinced that we are the right partner for them. We will be selling their products in India as well as installing and maintaining them for our customers," said P Sukumaran, Joint Managing Director, Rinac India Limited.

This collaboration comes at a crucial time for India's retail and RTE (ready to eat) segments, which are projected to reach a size of $11.7 billion by 2033. The demand for reliable, efficient, and visually appealing refrigeration solutions is skyrocketing. Rinac and Epta will address these needs through a range of energy-efficient, high-visibility plug-in coolers.

Currently, Rinac is talking to Reliance, and many other large retailers, super bazaars, and neighbourhood stores in Tier-2/3 cities across the country to market Epta’s range of products, Balasubramanian said.

According to him, the market opportunity for these products in India is in the range of Rs 2,000 crore and growing at 15-20% annually. The company hopes to capture about 15% market share in this segment. “Once we establish a presence for these products, we intend to set up a separate manufacturing plant in India jointly with Epta to manufacture their range of products,” he said.

Rinac reported a Rs 520-crore revenue for the year ended March 2025 and is looking at a growth of 25% in the current fiscal. It is also planning to hit the capital market with an IPO in the next three years, Balasubramanian added.