Tapi Fruit to Open Company-Operated First Retail Outlet in Surat
Tapi Fruit Processing Limited announces the opening of its first company-operated retail outlet in Dabholi, Surat, enhancing customer accessibility and expanding market presence.
by Damodharan N
Updated Jul 16, 2024
Table of Content
Tapi Fruit Processing Limited (Symbol: TAPIFRUIT) is excited to announce the opening of its first company-operated retail outlet located at Dabholi, Surat. This new retail outlet marks a significant milestone in the company's commitment to enhancing customer accessibility and improving service efficiency.
By establishing a presence in new geographical areas, Tapi Fruit aims to attract a larger customer base and increase its market share. The retail outlet will provide customers with easier access to the company's wide range of products, including fruit candy, fruit jam & jellies, fruit crushes, fruit bars, tomato ketchup, candied fruits, fruit katli, and nutraceutical gummies.
This expansion is expected to enhance the shopping experience and satisfaction of customers, making them more aware of Tapi Fruit's offerings.
The new outlet is located at GF-13, Elephanta Business Hub, near Haridarshan Society, Dabholi, Surat 395004, Gujarat. This is a key step for Tapi Fruit Processing Limited in expanding its footprint and improving its service to customers.
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Market Reaction
Following Tapi Fruit Processing Limited's announcement of opening its first company-operated retail outlet in Dabholi, Surat, the NSE share price began at Rs. 127. Between 10:11 am and 10:21 am, the share price rose to Rs. 133 and remained stable until 2:00 pm.
This indicates a positive market response, reflecting investor confidence in the company's expansion strategy and its potential to increase market share and customer accessibility.
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Tapi Fruit Processing (TFPL)
Tapi Fruit Processing Limited, originally started as “Tapi Food Products” in May 1999 by Ghanshyam Lukhi, began as a small home-based food processing business. The name TAPI stands for Towards Agro Products and Innovation and is also derived from the holy river Tapi in Surat.
The company's mission is to generate employment for 1,000 people and process 1 million metric tonnes of fruits and vegetables by 2030. It is India's first fruit processing industry to use renewable solar energy since 2007, promoting rural empowerment.
TFPL has a strong distribution network across India and exports to over 20 countries. With over two decades of experience, the company has developed a sustainable business model with strict control over raw ingredients, manufacturing, inventory, and logistics, ensuring a well-established brand and market presence.
Tapi Fruit to Open Company-Operated First Retail Outlet in Surat - FAQs
1. What new retail outlet is Tapi Fruit Processing Limited opening?
Tapi Fruit's first company-operated retail outlet in Dabholi, Surat.
2. Where is the new Tapi Fruit retail outlet located?
GF-13, Elephanta Business Hub, Dabholi, Surat, Gujarat.
3. What products will the new retail outlet offer?
Fruit candy, fruit jams & jellies, fruit crushes, fruit bars, tomato ketchup, candied fruits, fruit katli, and nutraceutical gummies.
4. When did Tapi Fruit Processing Limited start?
In May 1999 as “Tapi Food Products.”
5. Who founded Tapi Fruit Processing Limited?
Tapi Fruit Processing Limited was founded by Ghanshyam Lukhi.
6. What does the name "TAPI" stand for?
Towards Agro Products and Innovation.
7. What is the company's mission for 2030?
To generate employment for 1,000 people and process 1 million metric tonnes of fruits and vegetables.
8. How does Tapi Fruit promote sustainability?
By using renewable solar energy since 2007.
9. How did the market react to the new retail outlet announcement?
The share price rose from Rs. 127 to Rs. 133 and remained stable until 2:00 pm.
10. Where can you find the share price of Tapi Fruit Processing Limited?
The share price of Tapi Fruit Processing Limited can be found on the NSE website.