About Ace Foods
Ace Foods is a Consumer company based in Mangalore (India) founded in 1984. It manufactures and distributes hygienic snacks and food products for online and offline sales. It operates on a B2C and B2B model. Ace Foods has raised $1.74 million across 1 funding round. The company has 173 employees. Its Indian entity Ace Foods Private Limited reported revenue of ₹79.06 Cr. Ace Foods offers products and services including Wafers/Chips, Namkeens, and Halwa. Its focus areas include Food and Agriculture Tech, Packaged Foods, Snacks and Savory Snacks. Its competitors include Yoga Bar, True Elements and Unibic; 3 of its 3 listed competitors have raised funding.
Company details
Ace Foods Pvt. Ltd. manufactures a range of hygienic food products including wafers, chips, namkeens, and halwa using premium raw materials sourced from farms. They employ stringent quality controls, such as no artificial preservatives and ISO certification, in their production facilities. Based in Mangalore, India, the company offers ordering options via online platforms, WhatsApp, and phone for consumers and local stores, ensuring accessibility and quality.
- Headquarters Mangalore, India
- Employees 173
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website acefoodspl.com
- Social LinkedIn Facebook
- Legal Name Ace Foods Private Limited
- Date of Incorporation 09 May, 1984
- Jurisdiction Mangalore, Karnataka, India
- Annual Revenue₹79.06 Cr
FY 2026 · +36% YoY
- Net Profit₹2.61 Cr
FY 2026 · 3% margin
- EBITDA₹5.60 Cr
FY 2026 · 7% margin
- Total Equity Funding$1.74M (USD)
in 1 rounds
- Latest Funding Round$1.74M (USD), Seed
Dec 2025
- Employee Count173
Associated legal entities of Ace Foods
Ace Foods operates through Ace Foods Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ace Foods Private Limited CIN U01549KA1984PTC006073 | Active | 09 May 1984 | Mangalore, Karnataka | ₹79.1 Cr | 129 | 4 | View details |
Products & Services of Ace Foods
Ace Foods offers a comprehensive portfolio of products and services, including Wafers/Chips, Namkeens, and Halwa.
Hygienic wafers and chips made with premium ingredients.
Variety of savory namkeens without artificial preservatives.
Sweet halwa produced under strict quality controls.
Funding Insights of Ace Foods
Ace Foods has successfully raised a total of $1.74M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.74 million completed in December 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.74M
- Total Rounds 1
- Last Round Seed — $1.74M
- First Round $1.74M
(Dec 2025)
All 1 funding rounds of Ace Foods with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2025 | $1.74M | Seed | – | – | – |
Board of directors of Ace Foods Private Limited (Ace Foods)
Ace Foods Private Limited is the primary company behind Ace Foods. The board of Ace Foods Private Limited currently have 4 directors; the longest-serving is Ajith Pai Mangalore, appointed in 2018. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajith Pai Mangalore DIN 07168138 | Director | 12 Feb 2018 | 8 yrs 9 mo | Ace Foods Private Limited |
| Nirmala Annappa Pai DIN 09753903 | Director | 03 Oct 2022 | 4 yrs 1 mo | Ace Foods Private Limited |
| Jagannath Govind Shenoy DIN 08087093 | Director | 02 Feb 2026 | 9 mo | Ace Foods Private Limited |
| Arvind Pai Mangalore DIN 11305837 | Director | 27 Mar 2026 | 7 mo | Ace Foods Private Limited |
Financials of Ace Foods
Figures of Ace Foods Private Limited, the primary company behind Ace Foods, for FY 2026. Revenue was ₹79.06 Cr (+36% year on year). Net profit was ₹2.61 Cr (3% margin). EBITDA was ₹5.60 Cr (7% margin). Revenue has grown at a compounded annual rate of +37% over three years and +31% over five years.
- ₹79.06 CrRevenue · FY 2026 · +36% YoY
- ₹2.61 CrNet profit · 3% margin
- ₹5.60 CrEBITDA · 7% margin
- ₹5.33 CrPaid-up capital
- 129Employees (provident fund records)
- +37%Revenue CAGR, 3 years
- +31%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ace Foods Private Limited are on its company page.
Detailed financial statements for Ace Foods
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Ace Foods
2 dated milestones of Ace Foods across 41 years, from founding to its latest funding, stage changes and deals.
- Founded Ace Foods is founded.
- Funding First funding round of $1.7M.
Competitors of Ace Foods
Ace Foods has 3 listed competitors in our database, 3 of them funded. They include Yoga Bar, True Elements and Unibic.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yogabars.in | 2014 | Bengaluru, India | $23.62M | 257 | Protein-based food products are offered via an online platform. | |
| true-elements.com | 2013 | Pune, India | $3.38M | 580 | Health snacks and supplements are manufactured and marketed. | |
| unibicfoods.com | 2004 | Bengaluru, India | $22.19M | 402 | Multi-category snacks are manufactured and distributed by Unibic brand. |
Detailed competitors of Ace Foods
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Ace Foods
The website of Ace Foods (acefoodspl.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 140.7% vs previous month
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Ace Foods (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 61.39 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 143.51 M | 2,828 |
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Frequently Asked Questions about Ace Foods
Ace Foods was founded in 1984 and raised its 1st funding round 41 years after it was founded.
Ace Foods is headquartered in Mangalore, India. It is registered at Mangalore, Karnataka, India.
Ace Foods is a funded company, having raised a total of $1.74M across 1 funding round to date. The company's 1st funding round was a Seed of $1.74M, raised on Dec 2025.
Ace Foods has 173 employees.
The primary company behind Ace Foods, Ace Foods Private Limited, reported revenue of ₹79.06 Cr for FY 2026, up 36% year on year.
Ace Foods Pvt. Ltd. manufactures a range of hygienic food products including wafers, chips, namkeens, and halwa using premium raw materials sourced from farms. They employ stringent quality controls, such as no artificial preservatives and ISO certification, in their production facilities. Based in Mangalore, India, the company offers ordering options via online platforms, WhatsApp, and phone for consumers and local stores, ensuring accessibility and quality.
Ace Foods's top competitors include Yoga Bar, Unibic and True Elements.
Ace Foods offers Wafers/Chips, Namkeens, and Halwa.
Ace Foods operates through Ace Foods Private Limited.
The legal entities of Ace Foods currently have 4 directors, including Nirmala Annappa Pai, Ajith Pai Mangalore, Jagannath Govind Shenoy and others.