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VVF
Being named after two billionaires could help Rustom Godrej Pallonji Joshi become one himself. VVF, the oleochemicals and personal care products company his father started in 1939, is one of the largest FMCG contract manufacturers in India. VVF has plants in Dubai, Canada and the US. VVF also owns personal care brands, such as Doy, Doy Care Aloe Vera, Shiff and Jo, and will spend Rs 200 crore to build up its own FMCG business. If all goes as planned, the company’s revenues could cross Rs 1,000 crore by 2008.
Listing would be a good way for VVF to fund its growth plans. If the company gets itself listed today, its market capitalisation would be in the region of Rs 2,000 crore to Rs 2,700 crore, a figure that could double over the next five years.
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