iD Fresh Food elevates India CEO Rajat Diwakar to board ahead of proposed FY27 IPO
Rajat Diwakar, who joined iD Fresh Food as India CEO in 2024, has been elevated to the company’s board as it prepares for a proposed FY27 IPO and plans 10 overseas manufacturing hubs over the next two years.
What happened
iD Fresh Food elevated India CEO Rajat Diwakar to its board as it prepares for a proposed FY27 IPO and plans 10 overseas manufacturing hubs over the next two
Key facts
- Joined as India CEO in 2024
- Proposed FY27 IPO
- 10 manufacturing hubs
- Over the next two years
Why this matters
iD Fresh’s plan for 10 overseas manufacturing hubs could create partnership, supplier, and market-entry opportunities across its target geographies.
What to watch
- Appointment of IPO advisers, independent directors or a dedicated CFO.
- DRHP or equivalent filing activity and any pre-IPO funding round.
- Announcements of overseas manufacturing sites, permits, joint ventures or contract-manufacturing agreements.
- FY25-FY26 revenue growth, EBITDA margins, cash burn and plant-utilization trends.
- Changes to the FY27 listing timetable or language shifting from proposed IPO to strategic funding.
- Add finance, legal and independent governance talent ahead of formal IPO preparation.
- Select merchant bankers and begin diligence, controls strengthening and segment-level reporting.
- Prioritize overseas hubs by demand density and local regulatory readiness rather than pursuing all 10 simultaneously.
- Evaluate growth capital, joint ventures or asset-light manufacturing partnerships to reduce expansion cash burn.
- Set operating targets for gross margin, plant utilization, cash conversion and international revenue before filing.