The Rise of Elite: ₹1,500 Crores of Innovation and Expansion

Elite Foods & Innovation Group, headquartered in Thrissur, is a ₹1,500-crore diversified conglomerate with interests spanning food products, real estate, and international trade. The Group is currently expanding its footprint across Karnataka, Andhra Pradesh, Telangana, Maharashtra, and West Bengal.

According to Raghuram Raghulal, President of the Group, cakes are the fastest-growing segment within the food and confectionery market, registering an annual growth rate of 12–13 per cent. The Group’s food and confectionery division contributes ₹1,200 crore to overall turnover, while real estate and international trade together account for ₹300 crore.

At its Founders’ Day celebrations, Elite Group launched a new range of health-focused offerings under the “Elite Health Products” brand, including protein bread and protein-rich wheat porotta, reflecting its focus on nutrition-led innovation.

In the real estate segment, the Group’s development arm, Elite Developers, unveiled Olympia Park, a premium residential project in Olari, Thrissur. The project comprises 100 exclusive units, offering two-BHK, three-BHK, and duplex configurations, along with amenities designed to promote an active lifestyle for modern families.

Looking ahead, the Group announced upcoming projects such as Elite Ananta, a luxury Sky Villa development in Thiruvananthapuram, and Elite Springdale, a premium villa project in Thrissur, further strengthening its real estate pipeline.

News by Rahul Yelligetti.