About Candico (I) Limited
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Candico (I) Limited is a public limited company based in New Delhi, Delhi, India. It operates in the bakery and confectionery products segment of the food and beverages sector. It was incorporated on 09 May 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1994PLC058883. Its GSTIN is 27AAACC4180E1ZZ (Maharashtra). The company holds 12 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹15.2 Cr and a paid-up capital of ₹14 Cr. It was formerly known as Heritage Bhaarat Limited. It is led by directors including Sanjiv Kumar (Managing Director) and Sanjay Gupta.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at G – 9 Harsh Bhawan 64 – 65 Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.78 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹97.67 Lakh (net margin 4.7%) and EBITDA of ₹3.24 Cr (EBITDA margin 15.6%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 1% over five years.
The company has about 101 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Candico. As per MCA filings, the company has satisfied charges of ₹36.73 Cr on record. Court records list 99 cases involving the company, including 23 filed by the company and 76 filed against it; 5 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in October 2010. Its 5 peer companies in the Healthcare industry (Confectionery and Bakery Products, Preventive Healthcare Supplements), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 2 smaller; the largest is Muralikrishna Nethi Mithailu Private Limited with revenue of ₹21.14 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sushiljaincandicoindia.com.
Company details
Contact details
Candico (I) Limited's registered office is in New Delhi, Delhi. Its website is sushiljaincandicoindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG – 9 Harsh Bhawan 64 – 65 Nehru Place, New Delhi, Delhi, India – 110019
- IndustryFood and Beverages, Bakery & Confectionery Products
To see the full contact details of Candico (I) Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Candico (I) operates one associated brand: Candico. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and markets a range of confectionery products. | candicoindia.com |
Business activity
The main business activity of Candico (I) is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Candico (I) Limited, buy the company report.
Financials of Candico (I) Limited
FY 2024 filings availableCandico (I) Limited reported revenue of ₹20.78 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 23% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.24 Cr | ||||
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| Net Profit (PAT) | ₹97.67 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.6% | ||||
| Net Profit Margin | 4.7% | ||||
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To see the full financial statements and ratios of Candico (I) Limited, buy the company report.
Board of directors of Candico (I) Limited
Candico (I) has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Gupta | Nominee Director | 09 Oct 2010 | 16 Years 0 Months | Current |
| Sanjiv Kumar | Managing Director | 01 Apr 1997 | 29 Years 6 Months | Current |
| Surbhit Lihala Also directs: Keventer Global Private Limited | Nominee Director | 25 Apr 2019 | 7 Years 6 Months | Current |
| Madhukar Premdas Hatwar | Nominee Director | 07 Mar 2023 | 3 Years 7 Months | Current |
| Preetika Aggarwal | Additional Director | 23 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Candico (I) Limited is compared with the 5 companies closest to it by revenue in the Healthcare industry (Confectionery and Bakery Products, Preventive Healthcare Supplements), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Muralikrishna Nethi Mithailu Private Limited | ₹21.14 Cr (FY 2025) | 30.0% | Nellore, Andhra Pradesh, India | |||
| Souffle Foodworks (I) Private Limited | ₹21.01 Cr (FY 2025) | -3.0% | Vasai East, Maharashtra, India | |||
| Zee Foodex India Private Limited | ₹20.84 Cr (FY 2025) | -7.0% | Faridabad, Haryana, India | |||
| Candico (I) Limitedthis company | ₹20.78 Cr (FY 2025) | ₹97.67 Lakh | 4.7% | -14.0% | 101 | New Delhi, Delhi, India |
| Sandarbh Foods Private Limited | ₹20.76 Cr (FY 2020) | 105.0% | New Delhi, Delhi, India | |||
| Little Star Foods Private Limited | ₹20.62 Cr (FY 2024) | 56.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Candico (I) Limited, buy the company report.
Auditor
Candico (I) Limited is audited by V.K. Sehgal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.K. Sehgal & Associates | FY 2023 | 011519N |
Shareholding
The shareholding of Candico (I) Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Candico (I) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2008 | 10120210 | Canara Bank | ₹2.5 Cr | Satisfied | |
| 09 Jan 2006 | 80032767 | Corporation Bank | ₹5.41 Cr | Satisfied | |
| 12 Apr 2004 | 80001599 | Canara Bank | ₹3 Cr | Satisfied | |
| 03 Oct 2002 | 80032770 | Canara Bank | ₹14.41 Lakh | Satisfied | |
| 25 Jun 2002 | 80032768 | Lord Krishna Bank Limited | ₹2.55 Cr | Satisfied |
To see the full charge records of Candico (I) Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Candico (I) Limited has 1 deal on record (1 acquisition); the latest was in October 2010.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2010 | Acquisition | ₹50.42 Cr | Buyer: Keventer Agro Ltd. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Candico (I) Limited has 99 court cases on record: 23 filed by Candico (I), 76 filed against it. 5 cases are pending and 94 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 53 | 49 | 0 |
| High courts | 45 | 27 | 5 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 99)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Zydus Wellness Products Limited | Pending |
| High Court, TAMIL NADU | Court case (OSA(CAD)) | Filed against the company by Zydus Wellness Products Limited | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Zydus Wellness Products Limited | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by Zydus Wellness Products Limited | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by Wipro Enterprises Ltd. | Disposed |
To see the full case history of Candico (I) Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Candico (I) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Candico (I) Limited has a workforce of 101 employees on its EPFO records as of Mar 31, 2024, across 2 active EPFO establishments.
GST
Candico (I) has 12 GST registrations: 2 active and 10 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC4180E1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 03AAACC4180E1Z9 | Punjab | Active | 03 Jun 2019 |
To see the full GST registrations and return filing status of Candico (I) Limited, buy the company report.
Recent activity
Candico (I) Limited has 18 board changes on record since 1997: 8 appointments and 10 cessations. The latest: Preetika Aggarwal was appointed as Additional Director on 23 Sep 2025.
44 earlier events are in the company report.
Frequently asked questions
Candico (I) is an active public limited company based in New Delhi, Delhi, India. The company works in bakery and confectionery products, within the food and beverages industry. It was incorporated on 09 May 1994 (32+ years old) and is registered under CIN U74899DL1994PLC058883.
Candico (I) has 5 current directors:
- Sanjiv Kumar - Managing Director
- Sanjay Gupta - Nominee Director
- Surbhit Lihala - Nominee Director
- Madhukar Premdas Hatwar - Nominee Director
- Preetika Aggarwal - Additional Director
The latest financial statements of Candico (I) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Candico (I) is 27AAACC4180E1ZZ, registered in Maharashtra. The company has 12 GST registrations in all, of which 2 are active and 10 are cancelled or inactive. Other active GSTINs include 03AAACC4180E1Z9 (Punjab).
The CIN (Corporate Identification Number) of Candico (I) is U74899DL1994PLC058883. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candico (I) has 99 court cases on record: 23 filed by the company and 76 filed against it. 5 are pending. Most are in the district courts.
Candico (I) was incorporated on 09 May 1994, making it 32+ years old. It is registered with the Registrar of Companies, Delhi.
Candico (I) has 1 deal on record (1 acquisition); the latest was in October 2010.
The peers of Candico (I) by revenue are Muralikrishna Nethi Mithailu Private Limited, Souffle Foodworks (I) Private Limited, Zee Foodex India Private Limited, Sandarbh Foods Private Limited, Little Star Foods Private Limited, all in the Healthcare industry (Confectionery and Bakery Products, Preventive Healthcare Supplements), with the same principal business activity (food, beverages and tobacco products).
Preetika Aggarwal was appointed as Additional Director on 23 Sep 2025. Madhukar Premdas Hatwar was appointed as Nominee Director on 07 Mar 2023. Rakesh Salhotra ceased to be Nominee Director on 30 Sep 2021. Candico (I) has 18 board changes on record in total.
Candico (I) can be reached through the website sushiljaincandicoindia.com. Its registered office is in New Delhi, Delhi, India.
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