AVT Natural Products starts subsidiary in London to sell decaffeinated tea and instant tea

KOCHI: AVT Natural Products Ltd. is starting a wholly owned subsidiary called AVT Tea Services Ltd. in London to sell decaffeinated tea and instant tea. The unit will go operational on October 1.

AVT Natural Products is a part of AV Thomas Group , specializing in extraction of natural products like marigold, spices and value added teas. It also market speciality spice oils and oleoresins.

Richard Darlington, a tea veteran, will head the AVT TSL operations as managing director. AVT TSL is a logical extension of AVT natural's proven competency in value added beverages manufacturing in India,'' said Ajit Thomas, chairman of AVT Natural and AVT Group of companies.

AVT Natural's net profit for Q1, 2012 rose 23 % to Rs 14.28 crore compared with Rs 11.58 crore in the same quarter last year. The sales grew to Rs 72.44 crore from RS 47.84 crore.