About Tops
Tops is a Consumer company based in Delhi (India) founded in 1984 by Chand Seth and Brij M Seth, and was acquired by Adani Wilmar in March 2025. Multi-category food and beverages are distributed online by TopsIndia. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 625 employees. Tops was last valued at $30.29 million in December 2010. Its chief executive, as recorded, is Girish Nagpal. Its Indian entity G.D. Foods Manufacturing (India) Private Limited reported revenue of ₹424 Cr. Tops offers products and services including Tomato Ketchup, Instant Masala Noodles, and Pickles. Its focus areas include Consumer Goods, Food and Beverage and Packaged Foods. Its competitors include Sweet Karam Coffee, Godrej Agrovet and Keventer; 3 of its 3 listed competitors have raised funding.
Company details
Tops, operated by G.D. Foods Manufacturing (India) Pvt. Ltd., is involved in the production and distribution of a wide range of food products. The company offers items such as tomato ketchup, instant noodles, pickles, sauces, jams, and baking essentials. These products are targeted at both individual consumers and bulk buyers in the food and beverage sector. Solutions are provided for everyday cooking needs and quick meal preparations across India.
- Headquarters Delhi, India
- Employees 625
- Founders Chand Seth, Brij M Seth
- Stage Acquired
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website tops.in
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Adani Wilmar (Mar 2025)
- Legal Name G.D. Foods Manufacturing (India) Pvt. Ltd.
- Date of Incorporation 15 Sep, 1997
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹424 Cr
FY 2025 · +10% YoY
- Net Loss-₹6.94 Cr
FY 2025 · -2% margin
- EBITDA₹12.35 Cr
FY 2025 · 3% margin
- Latest Funding Round$354.02K (USD), Unspecified
Dec 2010
- InvestorsAdani Wilmar
& 2 more
- Employee Count625
- Acquired byAdani Wilmar
(Mar 2025)
Associated legal entities of Tops
Tops operates through G.D. Foods Manufacturing (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| G.D. Foods Manufacturing (India) Private Limited CIN U74899DL1997PTC089673 | Active | 15 Sep 1997 | New Delhi, Delhi | ₹424 Cr | 625 | 8 | View details |
Products & Services of Tops
Tops offers a comprehensive portfolio of products and services, including Tomato Ketchup, Instant Masala Noodles, and Pickles.
Tomato ketchup is offered in various pack sizes.
Instant masala noodles are provided for quick meals.
Various pickles are made for traditional flavor enhancement.
Apps and channels of Tops
its YouTube channel TOPS has 2.6K subscribers and 20 videos.
Videos from Tops
The most watched videos on Tops's YouTube channel, TOPS (2.6K subscribers). Click a video to play it here.
More on TOPS.
Funding Insights of Tops
- Total Rounds 1
- Last Round Unspecified — $354,017
- First Round $354,017
(Dec 2010)
- Investors Count 2
All 1 funding rounds of Tops 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 2010 | $354,017 | Unspecified | $30.29M | Artillegence Bio Innovation |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2010 | $30.29M | •••••••• |
Last known valuation $30.29M (Dec 2010). 3 investors in total: 3 institutional.
Investors in Tops
Tops has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Adani Wilmar, Excel Infotech and Artillegence Bio Innovation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| artillegencebioinnovation.tcc.mode | ||||
Delivers a full suite of IT services to enhance daily business operations. | 1992 | xlinfotech.com | Delhi, India | |
Provider of edible oils, packaged rice, and pulses products | 1999 | adaniwilmar.com | Ahmedabad, India |
Investor details for Tops
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of G.D. Foods Manufacturing (India) Private Limited (Tops)
G.D. Foods Manufacturing (India) Private Limited is the primary company behind Tops. The board of G.D. Foods Manufacturing (India) Private Limited currently have 7 directors; the longest-serving is Nitin Seth, appointed in 2002. 22 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nitin Seth DIN 00351418 | Whole-time director | 01 Jul 2002 | 24 yrs 3 mo | G.D. Foods Manufacturing (India) Private Limited |
| Vishal Bagga DIN 08363589 | Whole-time director | 12 Jun 2023 | 3 yrs 4 mo | G.D. Foods Manufacturing (India) Private Limited |
| Rajneesh Bansal DIN 06544841 | Director | 16 Apr 2025 | 1 yr 6 mo | G.D. Foods Manufacturing (India) Private Limited |
| Arvind Kumar DIN 11051322 | Director | 16 Apr 2025 | 1 yr 6 mo | G.D. Foods Manufacturing (India) Private Limited |
| Mukesh Kumar Mishra DIN 11106810 | Director | 26 May 2025 | 1 yr 5 mo | G.D. Foods Manufacturing (India) Private Limited |
| Ravi Bhamidipaty DIN 00160891 | Additional Director | 21 Aug 2025 | 1 yr 2 mo | G.D. Foods Manufacturing (India) Private Limited |
| Purvi Jayendra Bhavsar DIN 02102740 | Additional Director | 21 Aug 2025 | 1 yr 2 mo | G.D. Foods Manufacturing (India) Private Limited |
People of Tops
5 people are tracked at Tops (4 in leadership, 1 in team); the tracked headcount is 625.
| Name | Role | Group |
|---|---|---|
| Owner | Leadership | |
| Co-Founder | Leadership | |
Brij M Seth | Co-Founder | Leadership |
| CEO & MD | Leadership | |
B.M. Seth | Chairman | Team |
Complete people profiles for Tops
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Tops
Figures of G.D. Foods Manufacturing (India) Private Limited, the primary company behind Tops, for FY 2025. Revenue was ₹424 Cr (+10% year on year). Net loss was -₹6.94 Cr (-2% margin). EBITDA was ₹12.35 Cr (3% margin). Revenue has grown at a compounded annual rate of +16% over three years and +11% over five years.
- ₹424 CrRevenue · FY 2025 · +10% YoY
- -₹6.94 CrNet loss · -2% margin
- ₹12.35 CrEBITDA · 3% margin
- ₹2.19 CrPaid-up capital
- 625Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of G.D. Foods Manufacturing (India) Private Limited are on its company page.
Detailed financial statements for Tops
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Tops
4 dated milestones of Tops across 41 years, from founding to its latest funding, stage changes and deals.
- Founded Tops is founded.
- Funding First funding round of $354K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Adani Wilmar.
Competitors of Tops
Tops has 3 listed competitors in our database, 3 of them funded. They include Sweet Karam Coffee, Godrej Agrovet and Keventer.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sweetkaramcoffee.in | 2015 | Chennai, India | $13.22M | 123 | Dry snacks and coffee are manufactured and distributed. | |
| godrejagrovet.com | 1992 | Mumbai, India | $104.79M | 526 | Diversified crop protection solutions are provided to farmers. | |
| keventer.com | 1986 | Kolkata, India | $29.26M | 1,774 | Multi-category food and beverage products are provided by Keventer. |
Detailed competitors of Tops
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- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Tops
The website of Tops (tops.in) receives about 5.9K visits a month.
- Monthly visits5.9K
▲ 39.8% vs previous month
Websites whose visitors overlap most with Tops. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nilons.com | 100% | 19.8K | #1,242,245 | View details | |
| farmm2home.com | 100% | #1,445,577 | View details | ||
| naturelandorganics.com | 98% | 39.7K | #894,995 | View details | |
| mothersrecipe.com | 96% | 18.3K | #833,135 | View details | |
| isayorganic.com | 90% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 33 similar websites and full traffic analytics for Tops
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 33 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Tops (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 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 97.26 M | 2,828 |
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Related news about Tops
Complete news archive for Tops
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Frequently Asked Questions about Tops
Tops was founded in 1984 and raised its 1st funding round 26 years after it was founded.
Tops is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Girish Nagpal is the CEO of Tops, as recorded in our data.
Tops has 625 employees.
The primary company behind Tops, G.D. Foods Manufacturing (India) Private Limited, reported revenue of ₹424 Cr for FY 2025, up 10% year on year.
Tops, operated by G.D. Foods Manufacturing (India) Pvt. Ltd., is involved in the production and distribution of a wide range of food products. The company offers items such as tomato ketchup, instant noodles, pickles, sauces, jams, and baking essentials. These products are targeted at both individual consumers and bulk buyers in the food and beverage sector. Solutions are provided for everyday cooking needs and quick meal preparations across India.
Tops's top competitors include Sweet Karam Coffee, Keventer and Godrej Agrovet.
Tops offers Tomato Ketchup, Instant Masala Noodles, and Pickles.
Tops has 3 investors. Key investors include Adani Wilmar, Excel Infotech, and Artillegence Bio Innovation.
The valuation of Tops is $30.29M as of Dec 2010.
Tops operates through G.D. Foods Manufacturing (India) Private Limited.
Yes. Tops was acquired by Adani Wilmar in March 2025.