Candor Foods Private Limited

Candor Foods Private Limited - food and beverages in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U51101MH2013PTC246275 Incorporated 27 July 2013 ROC Mumbai HQ Navi Mumbai, Maharashtra, India
Active Private Limited Company food and beverages MSME · Medium
Data last updated
Revenue · FY 2025
₹271.05 Cr
▲ 19% YoY
Net loss · FY 2025
₹1.72 Cr
Net margin -0.6%
EBITDA · FY 2025
₹5.56 Cr
EBITDA margin 2.1%
Authorised capital
₹1.05 Cr
Registered with MCA
Paid-up capital
₹18.39 Lakh
Issued & subscribed
Open charges
₹71.11 Cr
Satisfied ₹27.2 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
78
Provident fund records

About Candor Foods Private Limited

Data last updated:

Candor Foods Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Oagri Farm Private Limited. It operates in the organic and health foods segment of the food and beverages sector. It was incorporated on 27 July 2013 and has been in existence for over 13 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2013PTC246275. Its GSTIN is 27AAFCC3542B1Z4 (Maharashtra). The company holds 6 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹18.39 Lakh. It is led by directors including Lokesh Garg and Nitin Jain.

Its last annual general meeting (AGM) was held on 16 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at W – 202A MIDC Ttc Industrial Area Khairne, Navi Mumbai, Maharashtra, India – 400710.

As per the financials filed for FY 2025, the company reported a revenue of ₹271.05 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net loss of ₹1.72 Cr (net margin -0.6%) and EBITDA of ₹5.56 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 18% over five years.

The company has about 78 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 2 brands: Kracknut and Candor Foods. As per MCA filings, the company has open charges of ₹71.11 Cr and satisfied charges of ₹27.2 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹50.1 Cr; the latest was in December 2022. Its 4 peer companies in the Food and Beverages industry (Health and Organic Foods), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 2 smaller; the largest is Happilo International Private Limited with revenue of ₹282.57 Cr.

Candor Foods Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0010700). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website candorfoods.in.

Company details

CIN U51101MH2013PTC246275
Registration Number 246275
Incorporation Date 27 July 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 16 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Oagri Farm Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0010700
Key People
Lokesh Garg Director Nitin Jain Director Tamarish Sinha Director

Recognitions & Rankings of Candor Foods

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-33-0010700

Contact details

Candor Foods Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is candorfoods.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    candorfoods.in
  • Social Media
  • Registered Address
    W – 202A MIDC Ttc Industrial Area Khairne, Navi Mumbai, Maharashtra, India – 400710
  • Industry
    Food and Beverages, Organic & Health Foods

To see the full contact details of Candor Foods Private Limited, buy the company report.

Comprehensive company report
Candor Foods Private Limited - one report that includes everything
  • 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
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Brands

Candor Foods operates two associated brands: Kracknut and Candor Foods. Each brand links to its own profile.

BrandDescriptionWebsite
Kracknut
A brand specializing in delicious nutty snacks for everyday enjoyment.kracknut.com
Candor Foods
Dry fruits, dates, and nuts are manufactured and processed.candorfoods.in

Business activity

The main business activity of Candor Foods is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Candor Foods Private Limited, buy the company report.

Financials of Candor Foods Private Limited

FY 2024 filings available

Candor Foods Private Limited reported revenue of ₹271.05 Cr (up 19% YoY) for FY 2025.

Revenue · FY 2025
₹271.05 Cr ▲ 19%
Net loss · FY 2025
₹1.72 Cr margin -0.6%
EBITDA · FY 2025
₹5.56 Cr margin 2.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 30%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 21%
5 years · compounded
▼ 1%

Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 19% growth in the latest year. EBITDA fell 19% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹5.56 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.72 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin2.1%
Net Profit Margin-0.6%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Candor Foods Private Limited, buy the company report.

Board of directors of Candor Foods Private Limited

Candor Foods has 7 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Lokesh Garg
Also directs: Candor Dates Private Limited, Oagri Farm Private Limited, Omat West Limited and 4 more
Director07 May 20224 Years 6 MonthsCurrent
Nitin Jain
Also directs: Dhara Foods Private Limited, GVR Nutries Private Limited, Pitambar Solvex Private Limited and 4 more
Director07 May 20224 Years 6 MonthsCurrent
Tamarish Sinha
Also directs: Candor Dates Private Limited, Dhara Foods Private Limited, Koeleman India Private Limited and 5 more
Director07 May 20224 Years 6 MonthsCurrent
Yash Jagdishlal Gawdi
Also directs: Candor Dates Private Limited, Handful of Health Private Limited
Director27 Jul 201313 Years 3 MonthsCurrent
Jagdishlal Mohanlal Gawdi
Also directs: Advaya Packpro Private Limited
Director27 Jul 201313 Years 3 MonthsCurrent
Kanika Bhutani
Also directs: Candor Dates Private Limited, Quadrant Future Tek Limited, Indian Designs Exports Private Limited and 2 more
Additional Director01 Oct 20251 Years 1 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Candor Foods Private Limited is compared with the 4 companies closest to it by revenue in the Food and Beverages industry (Health and Organic Foods), with the same principal business activity (wholesale trading), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Happilo International Private Limited₹282.57 Cr (FY 2025)-15.0%Nelamangala, Karnataka, India
Indocan Honey Private Limited₹272.54 Cr (FY 2025)24.0%Delhi, India
Candor Foods Private Limitedthis company₹271.05 Cr (FY 2025)-₹1.72 Cr-0.6%19.0%78Navi Mumbai, Maharashtra, India
Raj Natural Food Private Limited₹269.16 Cr (FY 2023)100.0%Ahmedabad, Gujarat, India
Aiprime Nutritions Private Limited₹238.31 Cr (FY 2024)58.0%Hyderabad, Telangana, India

To see the full peer comparison of Candor Foods Private Limited, buy the company report.

Auditor

Candor Foods Private Limited is audited by For S.N. Dhawan & Co LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
For S.N. Dhawan & Co LLPFY 2023000050N/N500045

Shareholding

The shareholding of Candor Foods Private 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Candor Foods Private Limited, buy the company report.

Charges & borrowings

Open charges
₹71.11 Cr
Satisfied charges
₹27.2 Cr
Breakdown by lending institutions
Yes Bank Limited₹51.11 Cr
Others₹20.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Mar 2025101083230Others₹20 CrOpen
30 Nov 2024101020320Yes Bank Limited₹16.48 LakhOpen
03 Mar 2023100686630Yes Bank Limited₹5 CrOpen
01 Feb 2022100537621Yes Bank Limited₹2.73 CrOpen
15 Dec 2021100530312Yes Bank Limited₹3.16 CrOpen

To see the full charge records of Candor Foods Private Limited, buy the company report.

Total charge records: 11 View all charges

Deals & funding

Candor Foods Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹50.1 Cr; the latest was in December 2022.

Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹50.1 Cr

Deals on record (3 of 3)

WhenDealAmountParties
Dec 2022Secondary share transferUndisclosedBuyer: Moneybee Securities Private Limited
Seller: an individual
May 2022Funding round₹50.1 CrInvestors: Oagri Farm Private Limited
Mar 2014Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Candor Foods Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Candor Foods has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Candor Dates Private LimitedU15100MH2022PTC382712

To see the full group structure of Candor Foods Private Limited, buy the company report.

Employees & EPFO

Candor Foods Private Limited has a workforce of 78 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.

Employee count
78
Active EPFO establishments
1
Employee growth
8.33%

GST

Candor Foods has 6 GST registrations: 1 active and 5 cancelled or inactive.

Total GSTINs
6
Active
1
Cancelled / inactive
5
GSTINStateStatusRegistered on
27AAFCC3542B1Z4MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Candor Foods Private Limited, buy the company report.

Recent activity

Candor Foods Private Limited has 13 board changes on record since 2013: 7 appointments and 6 cessations. The latest: Kanika Bhutani was appointed as Additional Director on 01 Oct 2025.

Appointed
Kanika Bhutani was appointed as Additional Director.
Appointed
Ritika Priyam was appointed as Additional Director.
Charges
A charge with Others of Rs. 20.00 Cr registered on 27 Mar 2025 with Charge ID 101083230 was modified on 31 Jul 2025.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101083230 was registered on 27 Mar 2025.
Charges
A charge with Yes Bank Limited amounted to Rs. 0.16 Cr with Charge ID 101020320 was registered on 30 Nov 2024.
AGM
Candor Foods Private Limited last Annual general meeting of members was held on 16 Sep 2024 as per latest MCA records.
Charges
A charge with Yes Bank Limited of Rs. 40.05 Cr registered on 24 Dec 2020 with Charge ID 100410020 was modified on 13 Jun 2024.
Filing
Candor Foods Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 19 Oct 2019 via Charge ID 100296043 with Tamilnad Mercantile Bank Limited was fully satisfied on 11 Dec 2023.
Charges
A charge with Yes Bank Limited of Rs. 5.00 Cr registered on 03 Mar 2023 with Charge ID 100686630 was modified on 10 Mar 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100686630 was registered on 03 Mar 2023.
Ceased
Lokesh Garg ceased to be Nominee Director.

27 earlier events are in the company report.

News

Frequently asked questions

Candor Foods is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in organic and health foods, within the food and beverages industry. It was incorporated on 27 July 2013 (13+ years old) and is registered under CIN U51101MH2013PTC246275.

Candor Foods has 7 current directors:

The latest financial statements of Candor Foods on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 16 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Candor Foods is 27AAFCC3542B1Z4, registered in Maharashtra. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.

The CIN (Corporate Identification Number) of Candor Foods is U51101MH2013PTC246275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Candor Foods has 3 court cases on record: 3 filed by the company. 2 are pending. Most are in the district courts.

Candor Foods was incorporated on 27 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.

Candor Foods has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹50.1 Cr; the latest was in December 2022.

The peers of Candor Foods by revenue are Happilo International Private Limited, Indocan Honey Private Limited, Raj Natural Food Private Limited, Aiprime Nutritions Private Limited, all in the Food and Beverages industry (Health and Organic Foods), with the same principal business activity (wholesale trading).

Kanika Bhutani was appointed as Additional Director on 01 Oct 2025. Ritika Priyam was appointed as Additional Director on 01 Oct 2025. Lokesh Garg ceased to be Nominee Director on 24 Sep 2022. Candor Foods has 13 board changes on record in total.

Yes, Candor Foods is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0010700).