Tata Consumer Products Limited (NSEI:TATACONSUM) is looking for acquisitions. The company is drawing up ambitious growth plans by moving heft into the home and personal care space through an acquisitions-led strategy, top executives close to the development said. The company, which has operated primarily in the foods and beverages space, will now get into categories such detergents, home cleaners, body washes and creams and will bank on acquisitions to implement the plan.

Having focused on organisational simplification and synergy over the past one year, Tata Consumer will now chase scale by expanding its portfolio, an executive said. The management team has a mandate to get aggressive and play big in categories where it can be among the top three players, with an M&A plan funded by Tata Sons and sizeable cash (around INR 30,000 million) on its balance sheet, officials said. The company's M&A team is already scouting markets for acquisition opportunities, executives said.

"The kind of heft the Tata brand has in the minds of consumers is clearly an opportunity to tap well in the country. We already have a strong brand equity in foods and it will be harnessed in the home and personal care space too," one of them said. Tata Consumer did not comment.

The company has been scouting for categories in the FMCG space where it can make an impact through scale, executives said.