Hershey India Private Limited

Hershey India Private Limited - food and beverages in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24240MH1997PTC105714 Incorporated 07 February 1997 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company food and beverages Fortune MNC 500 · #424
Data last updated
Revenue · FY 2025
₹597.24 Cr
▲ 10% YoY
Net loss · FY 2025
₹68.63 Cr
Net margin -11.5%
EBITDA · FY 2025
-₹23.91 Cr
EBITDA margin -4%
Authorised capital
₹1,200 Cr
Registered with MCA
Paid-up capital
₹833.1 Cr
Issued & subscribed
Satisfied charges
₹146 Cr
No open charges
Company age
29 yrs
Est. 1997
Employees · EPFO
430
Provident fund records

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.

Company Details of Hershey India Private Limited
CIN U24240MH1997PTC105714
Registration Number 105714
Incorporation Date 07 February 1997
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Hershey International Llc
Compliance Status Active Compliant

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 NameStatus
Hershey India Private LimitedCurrent
Godrej Tea Private LimitedPrevious
Godrej Beverages & Foods LimitedPrevious
Godrej Hershey Foods & Beverages LimitedPrevious
Godrej Hershey LimitedPrevious
Godrej Hershey Private LimitedPrevious
Transelektra Consumer Products Private LimitedPrevious

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.

CINStatus
U24240MH1997PTC105714Current
U24240MH1997PLC105714Previous

Recognitions & Rankings of Hershey India

Fortune MNC 500 India 2026 edition
Rank#424
Total income
₹537 Cr
Profit
₹-83 Cr
Last year #411
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    Schindler House Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
  • Industry
    Food and Beverages, Bakery & Confectionery Products
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Financials, compliance, directors, charges, ownership and filings for Hershey India Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Hershey India Private Limited

Hershey India operates one associated brand: HERSHEY'S. Each brand links to its own profile.

BrandDescriptionWebsite
Confectionary companyhersheys.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 CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC1Food, beverages and tobacco productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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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.

Revenue · FY 2025
₹597.24 Cr ▲ 10%
Net loss · FY 2025
₹68.63 Cr margin -11.5%
EBITDA · FY 2025
-₹23.91 Cr margin -4%

Compounded Annual Growth Rate (CAGR) of Hershey India Private Limited

Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 7%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 43%
3 years · compounded
▲ 38%
5 years · compounded
▲ 19%

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

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-₹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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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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.

Current Directors
NameDesignationAppointment DateTenureStatus
Bjork HupfeldDirector04 Jan 20188 Years 9 MonthsCurrent
Luigi MirriManaging Director23 Jan 20242 Years 8 MonthsCurrent
Suchita Rajan VaidyaDirector18 Mar 20251 Years 7 MonthsCurrent
Prashant Nandkumar PoreDirector03 Dec 20241 Years 10 MonthsCurrent

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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.

NameStatusAppointment DateCessation Date
Walker Chandiok & Co LLPLockedLockedLocked
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Complete auditor history

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Ownership and Shareholding of Hershey India Private Limited

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Charges & Borrowings of Hershey India Private Limited

Open charges
None
Satisfied charges
₹146 Cr
Breakdown by lending institutions
Axis Bank Limited₹110.00 Cr
Union Bank of India₹14.00 Cr
Standard Chartered Bank₹12.00 Cr
Union Bank 0F India₹10.00 Cr
Latest charge details
DateLenderAmountStatus
10 Jan 2006Axis Bank Limited₹110 CrSatisfied
14 Nov 2003Union Bank 0F India₹10 CrSatisfied
27 Dec 2002Standard Chartered Bank₹12 CrSatisfied
20 Nov 2002Union Bank of India₹10 CrSatisfied
08 Nov 2002Union Bank of India₹4 CrSatisfied

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.

Total deals
24
Funding rounds
15
Secondary share transfers
8
Convertible or debt financing
1
Disclosed funding
₹1,972.82 Cr

Deals on record (5 of 24)

WhenDealAmountParties
Sep 2012Secondary share transferUndisclosedBuyer: Hershey International Llc, The Hershey Company
Seller: Godrej Industries Limited , 3 individuals
Dec 2008Funding round₹75.2 CrInvestors: Hershey Netherlands Bv, Godrej Industries Limited
Nov 2007Funding round₹58.8 CrInvestors: Godrej Industries Limited , an individual
Jul 2006Funding round₹13.75 CrInvestors: Godrej Industries Limited
Jun 2006Funding round₹130 CrInvestors: Godrej Industries Limited , Hershey Netherlands Bv, an individual
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Full deal history

All 24 deals with amounts, valuations, instruments and every party are in the company report.

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

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)

SupplierAmount dueDue sinceReported on
Emcor Packaging Private Limited••••••••••••
Orient Kagaz Converters Private Limited.••••••••••••
Aryan Multimode Logistics Private Limited••••••••••••
an individual supplier••••••••••••
Shri Sathya Sai Steels••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 15 MSME Form 1 returns is in the company report.

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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 count
430
Active EPFO establishments
2
Employee growth
3.12%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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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.

1
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Nutrine Confectionery Company Private LimitedU15432MH1952PTC169547Locked

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.

AGM
Hershey India Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Ceased
Prashant Nandkumar Pore ceased to be Additional Director.
Ceased
Suchita Rajan Vaidya ceased to be Additional Director.
Filing
Hershey India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Suchita Rajan Vaidya was appointed as Director.
Appointed
Prashant Nandkumar Pore was appointed as Director.
Appointed
Luigi Mirri was appointed as Managing Director.
Ceased
Luigi Mirri ceased to be Additional Director.
Ceased
Geetika Mehta ceased to be Director.
Ceased
Herjit Singh Bhalla ceased to be Managing Director.
Ceased
Niranjani Chandramouli ceased to be Additional Director.
Ceased
Vinod Nandgopal Rao ceased to be Director.

32 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Hershey India Private Limited

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Subsidiaries & Group Companies of Hershey India Private Limited

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Corporate group structure

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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.

Total GSTINs
10
Active
8
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AABCT6106C2ZQMaharashtraActive16 Jul 2017
02AABCT6106C2Z2Himachal PradeshActive01 Jul 2017
03AABCT6106C1Z1PunjabActive01 Jul 2017
07AABCT6106C1ZTDelhiActive01 Jul 2017
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GST registrations and filing compliance

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MCA Filings & Documents of Hershey India Private Limited

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MCA filings and documents

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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:

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.

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