New Product Development Manager

Designation: NPD Manager

Organization: Modi Naturals Ltd

Location: Delhi Head Office

Role description:

Modi Naturals has disrupted the toughest space in the consumer products industry in India edible oils. The company, led by a first-generation entrepreneur, has successfully carved out a niche & gained significant share against both Indian & MNC FMCG behemoths in a short period of time & built scale that is unprecedented in recent times. The company is looking for a young, ambitious new product development manager to move into the next orbit.

As the product development manager of this not-so-young startup, you will be a member of the team responsible for our sourcing and new product development efforts. You will be responsible for expanding the portfolio by way of new product launches. You will have the unique opportunity to leave/create a legacy; something that only startups that have achieved scale can offer.

Key Results Areas:

The candidate will be expected to take a 360 degree approach to new product development right from development of vendors, development of product, sourcing, packaging, quality control, pricing strategy to market placement and promotion strategy.

Development of supplier as per business requirement, negotiation of margin, finalize the

cost of product

Benchmarking competitor action in pricing and promotions, discount policy, validity period

to arrive at pricing strategy

Conducting product sampling: tasting, smell and appearance tests.

Setting up QC norms from new vendor and creating SOP for the same

Coordinating with Legal team to ensure packaging conforms to FSSAI norms and Legal and

metrology standards.

Co-ordinating with sales and marketing team to plan market placement and promotion strategy.

Essential Criteria:

MBA

Minimum 5 years of experience in sourcing and product development preferably developing

private labels at a Modern Trade/ E-commerce retailer

Excellent communication and presentation skills; Highly organized, a self-starter,

resilient and able to perform under pressure.

Track record of delivery, goal oriented along with ability to set clear priorities

and meets deadlines.

Result oriented, entrepreneurial, and self-motivated.

Remuneration:As per experience and qualifications, comparable with the best in the industry

About us:

Modi Naturals is a FMCG company that, through some breakthrough marketing, has created niche brands and products that are first movers within existing categories. Launched in 2012, our brands premium edible oil brands Oleev, Oleev Active, Rizolo and Olivana are already challenging the category leaders. Although a young company, the company has won several awards such as Best Supplier by Walmart India, beating all the FMCG majors in the food and grocery space. The award considers innovation, growth, and best practices in operations.

While MNL has the startup DNA, the company is backed by experienced promoters, with a history of excellence in manufacturing and an extraordinarily strong understanding of the industry. The manufacturing division of the company was established in the year 1974 and

became the largest rice bran oil processor in India with multi-location manufacturing facilities.