MonaVie to invest 100 crore in India

KOCHI: Monavie, a US-based multi-level marketing company, is planning to invest Rs 100 crore in manufacturing nutritional energy drinks in India, said Raj Lingam, president for South Asia of the company.

Online PR News – 08-January-2013 – New Delhi – KOCHI: Monavie, a US-based multi-level marketing company, is planning to invest Rs 100 crore in manufacturing nutritional energy drinks in India, said Raj Lingam, president for South Asia of the company.
Currently, Kerala is the biggest market for MonaVie, said Lingam. "Twenty per cent of our revenues is generated from the state," he revealed. The Indian arm of the company, headquartered in Chennai, has set up a network of 1.5 lakh distributors, 12 company owned offices and 150 distribution centres. "The company is fast expanding in the north, north-east and Tamil Nadu markets," Lingam said.
Sajiv Nair, a distributor, said apart from anti-oxidant concentrate drinks, the company is marketing soya protein supplement, oats meal and products for weight management. "With the Rs 100 crore investment, it will be able to manufacture all its products in India," he said.

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