2
1/9/12 How Raghunandan Kamath made Natural Ice Cream a 50 crore business« 1/2 economictimes.indiatimes.com/articleshow/11401955.cms?prtpage=1 News B\ Compan\ You are here: Home ª News ª News By Company ª Corporate Trends New Flats in Delhi 100+ Newl\ constructed Flats with discounts upto 1Lac. Call Now ! AgniPropert\.com/DelhiFlats Ads b\ Google We were probably the first to mass produce natural ice cream in the traditional way. We also took the lead in experimenting w and turmeric. We were possibly the first to have an international celebrity like cricketer Vivian Richards to endorse the bra That's a lot of firsts for the son of a fruit vendor from Mangalore. It just goes to show how passion and perseverance pay. Kamaths Ourtimes Ice Creams, better known as Natural Ice Cream, has come a long way from the time I started it nearl began in school when I assisted my father in selling fruit and developed a fondness for fruit. I wasn't a bright student-I barely m Kannada-medium school in Mumbai. So when I turned 19, my family decided that I would help out my elder brother, who oper It was here that I first thought of serving something unique as a dessert-a blend of fruits in ice cream. Being the youngest turned down, and so was this one. But I was convinced about the concept, so when I parted ways with my brother 10 years la parlour. The timing was not entirely favourable. I had just got married and did not have the money to start a business. But my wife Annapurna supported and encouraged friends and relatives. With this I bought and refurbished a 250-sq-ft outlet at Juhu, where most of the Bollywood and small- outlet of Natural Ice Cream was launched in 1984. There were no ice-cream outlets in those days and, unlike today, ordinary people didn't go out to have desserts; only the ric decided to serve pav bhaji and follow it up with my special ice creams. The place was very small and most of the cooki managed the tedious task of grinding the masalas and making the curry. We also started blending fruits such as mangoes, c The customers lapped it up. A year later, I stopped serving pav bhaji and dedicated all the resources to the ice cream business. The turnover in the first y not lose hope. I employed five or six people to make ice cream in the traditional way and these staffers doubled as waiters. of-mouth publicity. Within two years, we had the top movie and television celebrities as our In 1986, I was watching The Sunny Days, a TV programme anchored interview, Vivian Richards, the former West Indian cricket captain, men Cream outlet and liked the Sapodilla (chikoo) and custard apple i unexpected back-thumping for us. However, we have faced enough challenges too. In 1994, a key staff m cream unit in the same area. I realised that unless I expanded and made my brand's presence felt, m around Rs 65 lakh from Saraswat Bank and bought a 5,000-sq-ft s Mumbai. 9 JAN, 2012, 09.07AM IST, AMIT SHANBAUG,ET BUREAU How Raghunandan Kamath made Natural Ice Cream a 50 crore Indiatimes | The Times of India | The Economic Times | More

How Raghunandan Kamath Made Natural Ice Cream a 50 Crore Business - The Economic Times

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We were probably the first to mass produce natural ice cream in the traditional way. We also took the lead in experimenting with unconventional flavours like cucumber

and turmeric. We were possibly the first to have an international celebrity like cricketer Vivian Richards to endorse the brand on television without being paid for it.

That's a lot of firsts for the son of a fruit vendor from Mangalore. It just goes to show how passion and perseverance pay.

Kamaths Ourtimes Ice Creams, better known as Natural Ice Cream, has come a long way from the time I started it nearly 30 years ago. Perhaps my real journey

began in school when I assisted my father in selling fruit and developed a fondness for fruit. I wasn't a bright student-I barely managed to clear the 10th standard from a

Kannada-medium school in Mumbai. So when I turned 19, my family decided that I would help out my elder brother, who operated a south Indian restaurant in the city.

It was here that I first thought of serving something unique as a dessert-a blend of fruits in ice cream. Being the youngest in the family, my suggestions were often

turned down, and so was this one. But I was convinced about the concept, so when I parted ways with my brother 10 years later, I decided to open my own

parlour. The timing was not entirely favourable.

I had just got married and did not have the money to start a business. But my wife Annapurna supported and encouraged me, so I borrowed around Rs 4 lakh from

friends and relatives. With this I bought and refurbished a 250-sq-ft outlet at Juhu, where most of the Bollywood and small-screen celebs reside. That's how the first

outlet of Natural Ice Cream was launched in 1984.

There were no ice-cream outlets in those days and, unlike today, ordinary people didn't go out to have desserts; only the rich did. To form a broader customer base, I

decided to serve pav bhaji and follow it up with my special ice creams. The place was very small and most of the cooking had to be done at my home. My wife

managed the tedious task of grinding the masalas and making the curry. We also started blending fruits such as mangoes, custard apple, jackfruit and tender coconut.

The customers lapped it up.

A year later, I stopped serving pav bhaji and dedicated all the resources to the ice cream business. The turnover in the first year was just around Rs 1 lakh, but we did

not lose hope. I employed five or six people to make ice cream in the traditional way and these staffers doubled as waiters. What worked in our favour was the word-

of-mouth publicity.

Within two years, we had the top movie and television celebrities as our clients.

In 1986, I was watching The Sunny Days, a TV programme anchored by cricketer Sunil Gavaskar. During the

interview, Vivian Richards, the former West Indian cricket captain, mentioned that he had been to the Natural Ice

Cream outlet and liked the Sapodilla (chikoo) and custard apple ice cream. It was such a thrill, such an

unexpected back-thumping for us.

However, we have faced enough challenges too. In 1994, a key staff member decided to quit and set up an ice

cream unit in the same area.

I realised that unless I expanded and made my brand's presence felt, my business would end. So I took a loan of

around Rs 65 lakh from Saraswat Bank and bought a 5,000-sq-ft space at Mira road, a western suburb in

Mumbai.

9 JAN, 2012, 09.07AM IST, AMIT SHANBAUG,ET BUREAU

How Raghunandan Kamath made Natural Ice Cream a 50 crore business

Indiatimes | The Times of India | The Economic Times | More

Page 2: How Raghunandan Kamath Made Natural Ice Cream a 50 Crore Business - The Economic Times

1/9/12 How Raghunandan Kamath made Natural Ice Cream a 50 crore business…

2/2economictimes.indiatimes.com/articleshow/11401955.cms?prtpage=1

This acted as my factory unit. I then employed 15-20 people and started making ice cream on a bigger scale. I

also decided to distribute five franchises in Mumbai. My turnover in 1994 grew from a few lakhs to around Rs 3

crore.

Today, we have 100 outlets across the country and serve around 100 varieties of ice cream. We travel frequently,

constantly seeking new recipes, and many of them are developed in my kitchen. Some have even been

suggested by our customers.

To cater to the growing demand, in 2000, we shifted our factory base to a 25,000-sq-ft space at Charkop, where around 65 people are working. Scaling up also

meant that we've had to introduce latest technology in the manufacturing process, instead of going the manual way. In the near future, both my sons Srinivas and

Siddhant, who are studying, will join the family business.

In the next two years we plan to achieve a target of Rs 100 crore and increase the number of outlets to 250. In the second phase, we want to extend our footprint to the

overseas market, primarily Singapore and Dubai, keeping the Indian population in mind. The future sure looks sweet.

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