Fortune MNC 500 India 2026 edition
Rank#424- Total income
- ₹537 Cr
- Profit
- ₹-83 Cr
Last year #411
Hershey India Private Limited - food and beverages in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
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 76 cases involving the company, including 65 filed by the company and 11 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), with the same principal business activity (food, beverages and tobacco 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
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
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
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
Contact details
Hershey India Private Limited's registered office is in Mumbai, Maharashtra. Its website is hersheys.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSchindler House Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryFood and Beverages, Bakery & Confectionery Products
To see the full contact details of Hershey India Private Limited, buy the company report.
Comprehensive company report
Hershey India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Hershey India operates one associated brand: HERSHEY'S. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Confectionary company | hersheys.com |
Business activity
The main business activity of Hershey India 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 Hershey India Private Limited, buy the company report.
Financials of Hershey India Private Limited
FY 2025 filings availableHershey 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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| 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 | |||||
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| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| 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 | |||||
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| 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 Hershey India Private Limited, buy the company report.
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
| 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
Hershey India Private Limited is compared with the 10 companies closest to it by revenue in the Food and Beverages industry (Confectionery and Bakery 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 |
|---|---|---|---|---|---|---|
| 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 Limitedthis company | ₹597.24 Cr (FY 2025) | -₹68.63 Cr | -11.5% | 10.0% | 430 | Mumbai, Maharashtra, India |
| Goodrich Foods India Limited | ₹587.39 Cr (FY 2024) | 8.0% | Delhi, India | |||
| Lotus Chocolate Company Ltd. | ₹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 |
To see the full peer comparison of Hershey India Private Limited, buy the company report.
Auditor
Hershey India Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Hershey India 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 Hershey India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹146 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jan 2006 | 80006214 | Axis Bank Limited | ₹110 Cr | Satisfied | |
| 14 Nov 2003 | 90144795 | Union Bank 0F India | ₹10 Cr | Satisfied | |
| 27 Dec 2002 | 90144243 | Standard Chartered Bank | ₹12 Cr | Satisfied | |
| 20 Nov 2002 | 90144180 | Union Bank of India | ₹10 Cr | Satisfied | |
| 08 Nov 2002 | 90144163 | Union Bank of India | ₹4 Cr | Satisfied |
To see the full charge records of Hershey India Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
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)
| 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 |
To see the full deal history of Hershey India 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
Hershey India Private Limited has 76 court cases on record: 65 filed by Hershey India, 11 filed against it. 16 cases are pending and 60 are disposed.
Total cases
76
Filed by the company
65
Filed against the company
11
Pending
16
Disposed
60
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 60 | 5 | 14 |
| District courts | 12 | 4 | 2 |
| Supreme Court | 3 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 76)
| 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 and 2 others | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by The Ravalgaon Sugar Farm Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrant cases SW) | Filed against the company by Ms Tristar Beverages P Ltd. | Disposed |
| High Court of Rajasthan | Appeal | Filed by the company against The State of Rajasthan | Pending |
| High Court of Rajasthan | Court case (CSTAY) | Filed by the company against The State of Rajasthan | Pending |
To see the full case history of Hershey India 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
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 |
To see the full MSME payment records of Hershey India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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 Name | CIN | Shares held |
|---|---|---|
| Nutrine Confectionery Company Private Limited | U15432MH1952PTC169547 |
To see the full group structure of Hershey India Private Limited, buy the company report.
Employees & EPFO
Hershey India Private Limited has a workforce of 430 employees on its EPFO records as of Mar 22, 2024, across 2 active EPFO establishments.
Employee count
430
Active EPFO establishments
2
Employee growth
3.12%
GST
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
| 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 |
To see the full GST registrations and return filing status of Hershey India Private Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 has 4 current directors:
- Luigi Mirri - Managing Director
- Bjork Hupfeld - Director
- Suchita Rajan Vaidya - Director
- Prashant Nandkumar Pore - Director
The latest financial statements of Hershey India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
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 76 court cases on record: 65 filed by the company and 11 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), with the same principal business activity (food, beverages and tobacco 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.
Hershey India has 15 MSME Form 1 returns on record between 2019 and 2024, listing 825 overdue payments to 89 micro and small suppliers. The latest return was filed on 01 May 2024.
Hershey India can be reached through the website hersheys.com. Its registered office is in Mumbai, Maharashtra, India.