About Hangyo Icecreams Private Limited
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Hangyo Icecreams Private Limited is a private limited company based in Mangalore, Karnataka, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 09 December 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15209KA2002PTC031323. Its GSTIN is 29AAHCS6664E1ZZ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹7.88 Cr and a paid-up capital of ₹7.73 Cr. It was formerly known as Srikrishna Frozen Deserts Pvt Ltd. It is led by directors including Pradeep Ganapati Pai (Managing Director) and Dinesh Ramdas Pai.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 301/302 Sterling Chambers Kalakunj Road Kodialbail, Mangalore, Karnataka, India – 575003.
As per the financials filed for FY 2024, the company reported a revenue of ₹294.82 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹11.79 Cr (net margin 4%) and EBITDA of ₹35.3 Cr (EBITDA margin 12%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 16% over five years.
The company has about 479 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Hangyo. As per MCA filings, the company has open charges of ₹117.49 Cr and satisfied charges of ₹54.22 Cr on record. Court records list 48 cases involving the company, including 47 filed by the company and 1 filed against it; 17 cases are pending. The company has 9 deals on record (7 funding rounds, 2 secondary share transfers), with disclosed funding of ₹113.12 Cr; the latest was in October 2025. Its 8 peer companies in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 5 smaller; the largest is Arvind Dairy Private Limited with revenue of ₹315.04 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 hangyo.in.
Company details
Contact details
Hangyo Icecreams Private Limited's registered office is in Mangalore, Karnataka. Its website is hangyo.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address301/302 Sterling Chambers Kalakunj Road Kodialbail, Mangalore, Karnataka, India – 575003
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Hangyo Icecreams Private 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
Business activity
The main business activity of Hangyo Icecreams 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 Hangyo Icecreams Private Limited, buy the company report.
Financials of Hangyo Icecreams Private Limited
FY 2025 filings availableHangyo Icecreams Private Limited reported revenue of ₹294.82 Cr (up 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 23% growth in the latest year. EBITDA rose 76% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹35.3 Cr | ||||
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| Net Profit (PAT) | ₹11.79 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 12% | ||||
| Net Profit Margin | 4% | ||||
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To see the full financial statements and ratios of Hangyo Icecreams Private Limited, buy the company report.
Board of directors of Hangyo Icecreams Private Limited
Hangyo Icecreams has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Ramdas Pai Also directs: Harsham Topnotch Bakers LLP, Sri Krishna Milks Private Limited, Healthy County Resorts Private Limited and 5 more | Director | 29 Sep 2009 | 17 Years 1 Months | Current |
| Jagadish Ramadas Pai Also directs: Harsham Logistics Private Limited, Harsham Holdings and Investment Private Limited, Hangyo Gourmet Private Limited and 1 more | Director | 09 Dec 2002 | 23 Years 10 Months | Current |
| Pradeep Ganapati Pai Also directs: Harsham Hospitalities Private Limited, Aspa Logistics Private Limited, Harsham Holdings and Investment Private Limited and 3 more | Managing Director | 09 Dec 2002 | 23 Years 10 Months | Current |
| Kasaragod Ullas Kamath | Director | 14 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Hangyo Icecreams Private Limited is compared with the 8 companies closest to it by revenue in the Food and Beverages industry (Milk and Dairy Products), 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 |
|---|---|---|---|---|---|---|
| Arvind Dairy Private Limited | ₹315.04 Cr (FY 2024) | 21.0% | Uttar Pradesh, India | |||
| K K Milk Fresh India Limited | ₹312.66 Cr (FY 2016) | 952.0% | Ramabai Nagar, Uttar Pradesh, India | |||
| Fable Food Products Private Limited | ₹300.06 Cr (FY 2025) | 6.0% | Ahmedabad, Gujarat, India | |||
| Hangyo Icecreams Private Limitedthis company | ₹294.82 Cr (FY 2024) | ₹11.79 Cr | 4% | 23.0% | 479 | Mangalore, Karnataka, India |
| Markandeshwar Food and Allied Product Ltd | ₹291.55 Cr (FY 2025) | -7.0% | Haryana, India | |||
| Aneja Foods Private Limited | ₹289.72 Cr (FY 2025) | -1.0% | Barnala, Punjab, India | |||
| Umang Dairies Limited | ₹288.57 Cr (FY 2024) | -2.0% | Gajraula, Uttar Pradesh, India | |||
| Kute Sons Fresh Dairy Private Limited | ₹286.79 Cr (FY 2021) | 11.0% | Satara, Maharashtra, India | |||
| HR Food Processing Private Limited | ₹285.22 Cr (FY 2025) | 12.0% | Ranchi, Jharkhand, India |
To see the full peer comparison of Hangyo Icecreams Private Limited, buy the company report.
Auditor
Hangyo Icecreams Private Limited is audited by M RAJESH KINI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M RAJESH KINI & CO | FY 2023 | 008638S |
Shareholding
The shareholding of Hangyo Icecreams 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 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 Hangyo Icecreams Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2025 | 101166431 | Others | ₹16 Cr | Open | |
| 30 Aug 2025 | 101166433 | Others | ₹50 Lakh | Open | |
| 22 Aug 2025 | 101149453 | Others | ₹15 Cr | Open | |
| 21 Aug 2025 | 101149450 | Others | ₹2 Cr | Open | |
| 03 Jan 2023 | 100691299 | Others | ₹1.95 Cr | Open |
To see the full charge records of Hangyo Icecreams Private Limited, buy the company report.
Total charge records: 54 View all charges
Deals & funding
Hangyo Icecreams Private Limited has 9 deals on record (7 funding rounds, 2 secondary share transfers), with disclosed funding of ₹113.12 Cr; the latest was in October 2025.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Funding round | ₹45 Cr | Investors: Faering Capital |
| Aug 2024 | Funding round | ₹41 Cr | Investors: Faering Capital |
| Mar 2012 | Funding round | ₹1.25 Cr | Investors: Sri Krishna Milks Private Limited , Harsham Hospitalities Private Limited , 2 individuals |
| Mar 2011 | Funding round | ₹25 Lakh | Investors: Sri Krishna Milks Private Limited , Benchem(India)Private Limited , Harsham Hospitalities Private Limited |
| Jan 2010 | Funding round | ₹56.3 Lakh | Investors: Sri Krishna Milks Private Limited , Others-Hangyo Icecreams Private Limited, 2 individuals |
To see the full deal history of Hangyo Icecreams Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hangyo Icecreams Private Limited has 48 court cases on record: 47 filed by Hangyo Icecreams, 1 filed against it. 17 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 0 | 16 |
| High courts | 5 | 1 | 1 |
Cases on record (5 of 48)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Hangyo Icecreams Private 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 Hangyo Icecreams Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Hangyo Icecreams has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Hangyo Gourmet Private Limited | U15400KA2008PTC048564 |
To see the full group structure of Hangyo Icecreams Private Limited, buy the company report.
Employees & EPFO
Hangyo Icecreams Private Limited has a workforce of 479 employees on its EPFO records as of Sep 24, 2024, across 1 active EPFO establishment.
GST
Hangyo Icecreams has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCS6664E1ZZ | Karnataka | Active | 01 Jul 2017 |
| 27AAHCS6664E1Z3 | Maharashtra | Active | 01 Mar 2019 |
To see the full GST registrations and return filing status of Hangyo Icecreams Private Limited, buy the company report.
Recent activity
Hangyo Icecreams Private Limited has 12 board changes on record since 2002: 8 appointments and 4 cessations. The latest: Kasaragod Ullas Kamath was appointed as Director on 14 Feb 2024.
127 earlier events are in the company report.
News
Frequently asked questions
Hangyo Icecreams is an active private limited company based in Mangalore, Karnataka, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 09 December 2002 (24+ years old) and is registered under CIN U15209KA2002PTC031323.
Hangyo Icecreams has 4 current directors:
- Pradeep Ganapati Pai - Managing Director
- Dinesh Ramdas Pai - Director
- Jagadish Ramadas Pai - Director
- Kasaragod Ullas Kamath - Director
The latest financial statements of Hangyo Icecreams on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hangyo Icecreams is 29AAHCS6664E1ZZ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAHCS6664E1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Hangyo Icecreams is U15209KA2002PTC031323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hangyo Icecreams has 48 court cases on record: 47 filed by the company and 1 filed against it. 17 are pending. Most are in the district courts.
Hangyo Icecreams was incorporated on 09 December 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
Hangyo Icecreams has 9 deals on record (7 funding rounds, 2 secondary share transfers), with disclosed funding of ₹113.12 Cr; the latest was in October 2025.
The peers of Hangyo Icecreams by revenue are Arvind Dairy Private Limited, K K Milk Fresh India Limited, Fable Food Products Private Limited, Markandeshwar Food and Allied Product Ltd, Aneja Foods Private Limited and 3 more, all in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).
Kasaragod Ullas Kamath was appointed as Director on 14 Feb 2024. Sood Varun ceased to be Nominee Director on 12 Aug 2023. Rohan Ajila ceased to be Nominee Director on 31 May 2019. Hangyo Icecreams has 12 board changes on record in total.
Hangyo Icecreams can be reached through the website hangyo.in. Its registered office is in Mangalore, Karnataka, India.
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