TGBL chairman Ratan Tata made the comments at the company's annual general meeting, where he said that company is going through a transformation to become a global beverages and food company.
Tata did not divulge the timeline and the type of products the company aims to launch in the food segment.
In 2010, TGBL formed a joint venture firm with Pepsico - NourishCo Beverages - to produce non-carbonated ready-to-drink beverages and it has also signed a MoU with Starbucks to supply tea and coffee to the US-based coffee chain.
The company has recently acquired 31 per cent stake in US-based Rising Beverages, which is known for vitamin water based products.