Incorporated on 7th December, 1987 as Indian beverages, IB Infotech Enterprises was subsequently converted into a public limited company. It was promoted by V.C.Kumaran, Mrs. Vasanbtha Kumaran, S.R.Mishra and others. It is setting up a 100% EOU project for coconut based products in foreign collaboration with M/s Harlen Fine Foods (HFF), Singapore. It is also planning to manufacture and export cocount water/juice, cream and juice based fruit cocktails and for the same it has acquired land measuring 4.36 acres of land at Taluka Elevenchery, Dist. Palakkad, Kerala. It has entered into a technical collaboration agreement with HFF, Singapore for providing technical know-how. Company introduce in the market "Harlen Brand" of Mineral Water, Tea & Coconut Oil on a trial basis. Company opened branches at Agra & Jaipur & also proposed to open in Delhi & Jammy to expand its business. It has entered into a buy back agreement with HFF for buying its 100% production with a Royalty of 10% on sales.