- Total income
- ₹537 Cr
- Profit
- ₹-83 Cr

About Hershey India Private Limited
Data last updated:
Hershey India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Hershey International Llc. It operates in the bakery and confectionery products segment of the food and beverages sector. It was incorporated on 07 February 1997 and has been in existence for over 29 years.
Hershey India is ranked #424 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24240MH1997PTC105714. Its GSTIN is 27AABCT6106C2ZQ (Maharashtra). The company holds 10 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹1,200 Cr and a paid-up capital of ₹833.1 Cr. It was formerly known as Godrej Tea Private Limited and Godrej Beverages & Foods Limited. It is led by directors including Luigi Mirri (Managing Director) and Bjork Hupfeld.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Schindler House Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2025, the company reported a revenue of ₹597.24 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹68.63 Cr (net margin -11.5%) and EBITDA of -₹23.91 Cr (EBITDA margin -4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 10% over five years.
The company has about 430 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Hershey's. As per MCA filings, the company has satisfied charges of ₹146 Cr on record. Court records list 73 cases involving the company, including 64 filed by the company and 5 filed against it; 16 cases are pending. The company has 24 deals on record (15 funding rounds, 8 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹1,972.82 Cr; the latest was in September 2023. Its 10 peer companies in the Food and Beverages industry (Confectionery and Bakery Products) are compared by revenue, 5 larger and 5 smaller; the largest is Ab Mauri India Private Limited with revenue of ₹702 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 825 overdue payments to 89 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hersheys.com.
Name History of Hershey India Private Limited
Hershey India has undergone 6 name changes throughout its history. The current legal name is Hershey India Private Limited.
| Company Name | Status |
|---|---|
| Hershey India Private Limited | Current |
| Godrej Tea Private Limited | Previous |
| Godrej Beverages & Foods Limited | Previous |
| Godrej Hershey Foods & Beverages Limited | Previous |
| Godrej Hershey Limited | Previous |
| Godrej Hershey Private Limited | Previous |
| Transelektra Consumer Products Private Limited | Previous |
CIN History of Hershey India Private Limited
Hershey India has one previous CIN (Corporate Identification Number): U24240MH1997PLC105714. The current CIN is U24240MH1997PTC105714, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24240MH1997PTC105714 | Current |
| U24240MH1997PLC105714 | Previous |
Recognitions & Rankings of Hershey India
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSchindler House Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryFood and Beverages, Bakery & Confectionery Products
- 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
- One PDF report, delivered after checkout
Associated Brands with Hershey India Private Limited
Hershey India operates one associated brand: HERSHEY'S. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Confectionary company | hersheys.com |
Business Activity of Hershey India Private Limited
The main business activity of Hershey India is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Hershey India Private Limited FY 2025 filings available
Hershey India Private Limited reported revenue of ₹597.24 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hershey India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 10% growth in the latest year. EBITDA rose 43% 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 of Hershey India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | -₹23.91 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹68.63 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 of Hershey India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -11.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Hershey India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Hershey India Private Limited
Hershey India has 4 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bjork Hupfeld Also directs: Nutrine Confectionery Company Private Limited | Director | 04 Jan 2018 | 8 Years 9 Months | Current |
| Luigi Mirri | Managing Director | 23 Jan 2024 | 2 Years 8 Months | Current |
| Suchita Rajan Vaidya Also directs: Nutrine Confectionery Company Private Limited | Director | 18 Mar 2025 | 1 Years 7 Months | Current |
| Prashant Nandkumar Pore Also directs: Nutrine Confectionery Company Private Limited | Director | 03 Dec 2024 | 1 Years 10 Months | Current |
Peer Comparison of Hershey India Private Limited
Hershey India Private Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Confectionery and Bakery Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ab Mauri India Private Limited | ₹702 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bangalore, Karnataka, India |
| Lotte India Corporation Limited | ₹691.03 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Ahmedabad, Gujarat, India |
| Pran Beverages (India) Private Limited | ₹643.14 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Mayora India Private Limited | ₹628.38 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Hyderabad, Telangana, India |
| TRDP Happy World Private Limited | ₹619.06 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Hershey India Private Limited this company | ₹597.24 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Goodrich Foods India Limited | ₹587.39 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Delhi, India |
| Lotus Chocolate Company Ltd. Listed | ₹574.56 Cr (FY 2025) | •••• | •••• | 186.0% | •••• | Hyderabad, Telangana, India |
| Theobroma Foods Private Limited | ₹574.41 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Surya Processed Food Private Limited | ₹570.45 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Delhi, India |
| Switz Foods Pvt Ltd | ₹563.47 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Hershey India by revenue in the Food and Beverages industry (Confectionery and Bakery Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Hershey India Private Limited
Hershey India Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & Co LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Hershey India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hershey India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jan 2006 | Axis Bank Limited | ₹110 Cr | Satisfied |
| 14 Nov 2003 | Union Bank 0F India | ₹10 Cr | Satisfied |
| 27 Dec 2002 | Standard Chartered Bank | ₹12 Cr | Satisfied |
| 20 Nov 2002 | Union Bank of India | ₹10 Cr | Satisfied |
| 08 Nov 2002 | Union Bank of India | ₹4 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Hershey India Private Limited
Hershey India Private Limited has 24 deals on record (15 funding rounds, 8 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹1,972.82 Cr; the latest was in September 2023.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Hershey International Llc, The Hershey Company Seller: Godrej Industries Limited , 3 individuals |
| Dec 2008 | Funding round | ₹75.2 Cr | Investors: Hershey Netherlands Bv, Godrej Industries Limited |
| Nov 2007 | Funding round | ₹58.8 Cr | Investors: Godrej Industries Limited , an individual |
| Jul 2006 | Funding round | ₹13.75 Cr | Investors: Godrej Industries Limited |
| Jun 2006 | Funding round | ₹130 Cr | Investors: Godrej Industries Limited , Hershey Netherlands Bv, an individual |
Full deal history
All 24 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Hershey India Private Limited
Hershey India Private Limited has 73 court cases on record: 64 filed by Hershey India, 5 filed against it, 4 where it is another party. 16 cases are pending and 57 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 60 | 2 | 14 |
| District courts | 12 | 3 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Royal Dry Fruits Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrant cases SW) | Filed against the company by Tristar Beverages Private Limited | Disposed |
| High Court of Rajasthan | Court case (CSTAY) | Filed by the company against State of Rajasthan | Pending |
| High Court of Rajasthan | Appeal | Filed by the company against State of Rajasthan | Pending |
| High Court of Rajasthan | Court case (CMCC) | Filed by the company against State of Rajasthan | Pending |
Full case history
All 73 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Hershey India Private Limited
Hershey India Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 825 overdue payments to 89 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 89)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Emcor Packaging Private Limited | •••• | •••• | •••• |
| Orient Kagaz Converters Private Limited. | •••• | •••• | •••• |
| Aryan Multimode Logistics Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Shri Sathya Sai Steels | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 15 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Hershey India Private Limited
Hershey India Private Limited has a workforce of 430 employees as of Mar 22, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Hershey India Private Limited
Hershey India 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 |
|---|---|---|
| Nutrine Confectionery Company Private Limited | U15432MH1952PTC169547 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Hershey India Private Limited
Hershey India Private Limited has 30 board changes on record since 2006: 4 appointments and 26 cessations. The latest: Prashant Nandkumar Pore ceased to be Additional Director on 25 Sep 2025.
32 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hershey India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hershey India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Hershey India Private Limited
Hershey India has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT6106C2ZQ | Maharashtra | Active | 16 Jul 2017 |
| 02AABCT6106C2Z2 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AABCT6106C1Z1 | Punjab | Active | 01 Jul 2017 |
| 07AABCT6106C1ZT | Delhi | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hershey India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Hershey India Private Limited
Frequently Asked Questions about Hershey India Private Limited
Hershey India is an active private limited company based in Mumbai, Maharashtra, India. The company works in bakery and confectionery products, within the food and beverages industry. It was incorporated on 07 February 1997 (29+ years old) and is registered under CIN U24240MH1997PTC105714.
Hershey India reported revenue of ₹597.24 Cr for FY 2025 (up 10% YoY).
Hershey India has 4 current directors:
- Luigi Mirri - Managing Director
- Bjork Hupfeld - Director
- Suchita Rajan Vaidya - Director
- Prashant Nandkumar Pore - Director
Hershey India reported a net loss of ₹68.63 Cr (net margin -11.5%) and EBITDA of -₹23.91 Cr (EBITDA margin -4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hershey India is 7% over three years and 10% over five years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hershey India is 27AABCT6106C2ZQ, registered in Maharashtra. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 02AABCT6106C2Z2 (Himachal Pradesh), 03AABCT6106C1Z1 (Punjab), 07AABCT6106C1ZT (Delhi).
The CIN (Corporate Identification Number) of Hershey India is U24240MH1997PTC105714. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hershey India has 73 court cases on record: 64 filed by the company and 5 filed against it. 16 are pending. Most are in the high courts.
Hershey India was incorporated on 07 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Hershey India has 24 deals on record (15 funding rounds, 8 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹1,972.82 Cr; the latest was in September 2023.
The peers of Hershey India by revenue are Ab Mauri India Private Limited, Lotte India Corporation Limited, Pran Beverages (India) Private Limited, Mayora India Private Limited, TRDP Happy World Private Limited and 5 more, all in the Food and Beverages industry (Confectionery and Bakery Products).
Prashant Nandkumar Pore ceased to be Additional Director on 25 Sep 2025. Suchita Rajan Vaidya ceased to be Additional Director on 25 Sep 2025. Suchita Rajan Vaidya was appointed as Director on 18 Mar 2025. Hershey India has 30 board changes on record in total.