About Havmor Ice Cream Private Limited
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Havmor Ice Cream Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Lotte Wellfood Co. Ltd.. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 27 March 2006.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15200GJ2006PTC048016. Its GSTIN is 24AABCH6766L1Z8 (Gujarat). The company held 16 GST registrations, all of them active.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Havmor Ice Cream Company Limited. It was led by directors including Komal Anand (Managing Director) and Jaehyun Kim (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,045.55 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹88.49 Cr (net margin 8.5%) and EBITDA of ₹186.7 Cr (EBITDA margin 17.9%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 13% over five years.
The company had about 843 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Havmor. As per MCA filings, the company had open charges of ₹66 Cr and satisfied charges of ₹127.08 Cr on record. Court records list 84 cases involving the company, including 71 filed by the company and 13 filed against it; 9 cases are pending. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹9.95 Cr; the latest was in December 2017. Its 8 peer companies in the Food and Beverages industry (Ice Cream, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 4 smaller; the largest is Vadilal Industries Limited with revenue of ₹1,255.4 Cr. The company has 17 MSME Form 1 returns on record between 2019 and 2024, listing 1,702 overdue payments to 297 micro and small suppliers.
The last known website on record is havmor.com.
Company details
Name history
Havmor Ice Cream has undergone 3 name changes throughout its history. The company was previously known as Havmor Ice Cream Company Limited, Havmor Ice Cream Private Limited, and Havmor Ice Cream Limited. The current legal name is Havmor Ice Cream Private Limited.
| Company Name | Status |
|---|---|
| Havmor Ice Cream Private Limited | Current |
| Havmor Ice Cream Company Limited | Previous |
| Havmor Ice Cream Limited | Previous |
CIN history
Havmor Ice Cream has one previous CIN (Corporate Identification Number): U15200GJ2006PLC048016. The current CIN is U15200GJ2006PTC048016, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15200GJ2006PTC048016 | Current |
| U15200GJ2006PLC048016 | Previous |
Contact details
Havmor Ice Cream Private Limited's registered office is in Ahmedabad, Gujarat. Its website is havmor.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor Commerce House – 4 B/S Shell Petrol Pump 100 Ft. Road Pra, Haladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Havmor Ice Cream 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
Brands
Havmor Ice Cream operates one associated brand: Havmor. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ice cream is distributed through a network of restaurant outlets. | havmor.com |
Business activity
The main business activity of Havmor Ice Cream 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 Havmor Ice Cream Private Limited, buy the company report.
Financials of Havmor Ice Cream Private Limited
FY 2024 filings availableHavmor Ice Cream Private Limited reported revenue of ₹1,045.55 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 6% growth in the latest year. EBITDA rose 24% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹186.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹88.49 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.9% | ||||
| Net Profit Margin | 8.5% | ||||
| 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 Havmor Ice Cream Private Limited, buy the company report.
Board of directors of Havmor Ice Cream Private Limited
Havmor Ice Cream has 5 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Youngdong Jin | Director | 24 Nov 2020 | 5 Years 11 Months | As last reported |
| Kyungwoon Cho Also directs: Lotte India Corporation Limited | Director | 22 Feb 2021 | 5 Years 8 Months | As last reported |
| Komal Anand | Managing Director | 25 Jan 2021 | 5 Years 9 Months | As last reported |
| Duraiswamy Gunaseela Rajan | Director | 16 Dec 2017 | 8 Years 10 Months | As last reported |
| Jaehyun Kim | Whole-Time Director | 02 Mar 2023 | 3 Years 8 Months | As last reported |
Peer comparison
Havmor Ice Cream Private Limited is compared with the 8 companies closest to it by revenue in the Food and Beverages industry (Ice Cream, 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 |
|---|---|---|---|---|---|---|
| Vadilal Industries Limited | ₹1,255.4 Cr (FY 2025) | 10.0% | Ahmedabad, Gujarat, India | |||
| Devyani Food Industries Limited | ₹1,110.23 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Kute Sons Dairys Limited | ₹1,105.64 Cr (FY 2022) | 19.0% | Satara, Maharashtra, India | |||
| Red Cow Dairy Private Limited | ₹1,091.34 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Havmor Ice Cream Private Limitedthis company | ₹1,045.55 Cr (FY 2024) | ₹88.49 Cr | 8.5% | 6.0% | 843 | Ahmedabad, Gujarat, India |
| Keventer Agro Ltd. | ₹1,033.13 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| GRB Dairy Foods Private Limited | ₹1,011.12 Cr (FY 2024) | 13.0% | Dharmapuri, Tamil Nadu, India | |||
| Pragati Milk Products Private Limited | ₹985.13 Cr (FY 2025) | 11.0% | Cuttack, Odisha, India | |||
| Bhole Baba Milk Food Industries Limited | ₹942.62 Cr (FY 2024) | -44.0% | Dadri, Uttar Pradesh, India |
To see the full peer comparison of Havmor Ice Cream Private Limited, buy the company report.
Auditor
Havmor Ice Cream Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Havmor Ice Cream 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 Havmor Ice Cream Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2023 | 100743081 | Others | ₹6 Cr | Satisfied | |
| 03 Mar 2018 | 100159339 | Yes Bank Limited | ₹37.35 Cr | Satisfied | |
| 08 Sep 2007 | 10071908 | Corporation Bank | ₹2.6 Lakh | Satisfied | |
| 19 Feb 2007 | 10058510 | Corporation Bank | ₹6.55 Cr | Satisfied | |
| 02 Jan 2007 | 10045309 | Corporation Bank | ₹35.15 Cr | Satisfied |
To see the full charge records of Havmor Ice Cream Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Havmor Ice Cream Private Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹9.95 Cr; the latest was in December 2017.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Lotte Wellfood Co. Limited Seller: 4 individuals |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Ankit P Chona Huf |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: Ankit P Chona Huf, HRPL Private Limited Seller: an individual |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2006 | Funding round | ₹1.7 Cr | Investors: 4 individuals |
To see the full deal history of Havmor Ice Cream 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
Havmor Ice Cream Private Limited has 84 court cases on record: 71 filed by Havmor Ice Cream, 13 filed against it. 9 cases are pending and 75 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 62 | 5 | 8 |
| High courts | 22 | 8 | 1 |
Cases on record (5 of 84)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Hocco Foods Private Limited and 6 others | Pending |
| High Court, GUJARAT | Court case (AO) | Filed against the company by Hocco Foods Private Limited and 4 others | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S Kavach Security Services Private Limited | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed by the company against , Ahmedabad and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Hands On Trades Pvt. Ltd. and 2 others | Disposed |
To see the full case history of Havmor Ice Cream 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
Havmor Ice Cream Private Limited has 17 MSME Form 1 returns on record between 2019 and 2024, listing 1,702 overdue payments to 297 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 297)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ecofresh Cold Storage & Warehousing | |||
| Hotel Leegrand Inn | |||
| an individual supplier | |||
| Unique Arts | |||
| an individual supplier |
To see the full MSME payment records of Havmor Ice Cream Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Havmor Ice Cream Private Limited has a workforce of 843 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Havmor Ice Cream has 16 GST registrations: 16 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCH6766L1Z8 | Gujarat | Active | 01 Jul 2017 |
| 03AABCH6766L1ZC | Punjab | Active | 01 Jul 2017 |
| 04AABCH6766L1ZA | Chandigarh | Active | 01 Jul 2017 |
| 06AABCH6766L1Z6 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Havmor Ice Cream Private Limited, buy the company report.
Recent activity
Havmor Ice Cream Private Limited has 28 board changes on record since 2008: 6 appointments and 22 cessations. The latest: Junyeon Kim ceased to be Additional Director on 29 Sep 2024.
40 earlier events are in the company report.
News
Frequently asked questions
Havmor Ice Cream has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Havmor Ice Cream was a private limited company based in Ahmedabad, Gujarat, India. The company worked in dairy products and milk processing, within the food and beverages industry. It was incorporated on 27 March 2006 and is registered under CIN U15200GJ2006PTC048016. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Havmor Ice Cream was incorporated on 27 March 2006. It is registered with the Registrar of Companies, Ahmedabad.
Havmor Ice Cream had 5 directors:
- Komal Anand - Managing Director
- Jaehyun Kim - Whole-Time Director
- Youngdong Jin - Director
- Kyungwoon Cho - Director
- Duraiswamy Gunaseela Rajan - Director
The CIN (Corporate Identification Number) of Havmor Ice Cream is U15200GJ2006PTC048016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Havmor Ice Cream is at 2nd Floor Commerce House – 4 BS Shell Petrol Pump 100 Ft. Road Pra, Haladnagar, Ahmedabad, Gujarat, India – 380015.
Havmor Ice Cream can be reached through the website havmor.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Havmor Ice Cream on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Havmor Ice Cream is 24AABCH6766L1Z8, registered in Gujarat. The company has 16 GST registrations in all, of which 16 are active. Other active GSTINs include 03AABCH6766L1ZC (Punjab), 04AABCH6766L1ZA (Chandigarh), 06AABCH6766L1Z6 (Haryana).
Havmor Ice Cream operated in the food and beverages industry, in the dairy products and milk processing segment.
Havmor Ice Cream has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹9.95 Cr; the latest was in December 2017.
The peers of Havmor Ice Cream by revenue are Vadilal Industries Limited, Devyani Food Industries Limited, Kute Sons Dairys Limited, Red Cow Dairy Private Limited, Keventer Agro Ltd. and 3 more, all in the Food and Beverages industry (Ice Cream, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).
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