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Gurgaon-based baked goods maker focused on bread and health-oriented food products, acquired by Grupo Bimbo in February 2021.
Modern Food Enterprises Private Limited produces baked goods, mainly bread such as whole wheat and multigrain varieties, for households, supermarkets and food service providers in India. Founded in 1965 and headquartered in Gurgaon, India, it was acquired by Grupo Bimbo S.A.B de C.V. from Everstone Capital Partners on February 24, 2021. It reported revenue of USD 55.19 mn and EBITDA of USD 6.42 mn in fiscal 2023, and it is listed at the Seed stage.
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