India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,545 Devanshu Gandhi & family ₹1,300 Cr
- #1,545 Rajesh Gandhi & family ₹1,300 Cr
Revenue · FY 2025-26
₹1,503.12 Cr
▲ 21.2% YoY
EBITDA · FY 2025-26
₹248.79 Cr
▲ 3.5% YoY
Net profit · FY 2025-26
₹151.65 Cr
▲ 3% YoY
Net worth · FY 2025-26
₹850.31 Cr
Latest filings
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹7.19 Cr
Issued & subscribed
Open charges
₹750.17 Cr
Satisfied ₹542.37 Cr
Company age
44 yrs
Est. 1982
About Vadilal Industries Limited
Data last updated:
Vadilal Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 28 April 1982 and has been in existence for over 44 years.
Its director Devanshu Gandhi and family are #1,545 among India's richest people (2026). Its director Rajesh Gandhi and family are #1,545 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L91110GJ1982PLC005169. Its GSTIN is 24AAACV4887F1Z6 (Gujarat). The company holds 22 GST registrations, of which 7 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 519156 and NSE: VADILALIND.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹7.19 Cr. It is led by directors including Rajeshbhai Ramchandrabhai Gandhi and Devanshubhai Laxmanbhai Gandhi.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vadilal House53 Shrimali Society Nr Navrangpura Police Station, Ahmedabad, Gujarat, India – 380009.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,503.12 Cr, a growth of 21.2% compared to the previous year. For the same year it recorded a net profit of ₹151.65 Cr (net margin 10.1%) and EBITDA of ₹248.79 Cr (EBITDA margin 16.6%). The net worth stands at ₹850.31 Cr (up 22.3% YoY). Total assets are valued at ₹1,096.73 Cr (up 18.9% YoY).
Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Vadilal Group. As per MCA filings, the company has open charges of ₹750.17 Cr and satisfied charges of ₹542.37 Cr on record. Court records list 578 cases involving the company, including 117 filed by the company and 462 filed against it; 41 cases are pending. The company has 82 deals on record (82 market trades); the latest was in February 2026. Its 8 peer companies in the Food and Beverages industry (Instant Foods, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 5 larger and 3 smaller; the largest is Sunfresh Agro Industries Private Limited with revenue of ₹1,330.44 Cr. The company has 11 MSME Form 1 returns on record between 2020 and 2024, listing 362 overdue payments to 66 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 vadilalgroup.com.
Company details
CIN L91110GJ1982PLC005169
Registration Number 005169
Incorporation Date 28 April 1982
ROC Ahmedabad
Listing Status Listed - Listed on NSE (VADILALIND); Listed on BSE (519156)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Rajeshbhai Ramchandrabhai Gandhi Director Devanshubhai Laxmanbhai Gandhi Director Gaurav Marathe Director Recognitions & Rankings of Vadilal Industries
Contact details
Vadilal Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is vadilalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVadilal House53 Shrimali Society Nr Navrangpura Police Station, Ahmedabad, Gujarat, India – 380009
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Vadilal Industries Limited, buy the company report.
Comprehensive company report
Vadilal Industries 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
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Brands
Vadilal Industries operates one associated brand: Vadilal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Vadilal Group is engaged in manufacturing ice cream and food products. | vadilalgroup.com |
Business activity
The main business activity of Vadilal Industries 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 Vadilal Industries Limited, buy the company report.
Financials of Vadilal Industries Limited
FY 2025-26 filings availableVadilal Industries Limited reported revenue of ₹1,503.12 Cr (up 21.2% YoY) for FY 2025-26.
Revenue · FY 2025-26
₹1,503.12 Cr ▲ 21.2%
Profit · FY 2025-26
₹151.65 Cr ▲ 3%
Computed EBITDA · FY 2025-26
₹248.79 Cr ▲ 3.5%
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,503.12 Cr | ₹1,240.26 Cr | ₹1,125.33 Cr | ₹1,057.86 Cr | ₹697.72 Cr | ₹463.35 Cr | ₹599.27 Cr |
| Other Income | ₹21.72 Cr | ₹15.14 Cr | ₹12.5 Cr | ₹13.77 Cr | ₹8.31 Cr | ₹16.53 Cr | ₹9.62 Cr |
| Cost of Materials Consumed | ₹671.94 Cr | ₹554.55 Cr | ₹561.05 Cr | ₹578 Cr | ₹371.11 Cr | ₹244.46 Cr | ₹317.88 Cr |
| Employee Benefit Expense | ₹168.56 Cr | ₹134.47 Cr | ₹111.52 Cr | ₹94.04 Cr | ₹68.82 Cr | ₹54.72 Cr | ₹62.41 Cr |
| Finance Costs | ₹16.38 Cr | ₹13.68 Cr | ₹17.9 Cr | ₹15.85 Cr | ₹19.38 Cr | ₹21.44 Cr | ₹16.72 Cr |
| Depreciation & Amortisation | ₹48.82 Cr | ₹42.2 Cr | ₹34.91 Cr | ₹29.88 Cr | ₹23.97 Cr | ₹22.85 Cr | ₹23.69 Cr |
| Other Expenses | ₹101.87 Cr | ₹77.49 Cr | ₹54.34 Cr | ₹78.83 Cr | ₹55.72 Cr | ₹35.93 Cr | ₹29.68 Cr |
| Total Expenses | ₹1,254.33 Cr | ₹999.83 Cr | ₹905.06 Cr | ₹895.34 Cr | ₹598.85 Cr | ₹427.93 Cr | ₹520.55 Cr |
| Profit Before Tax | ₹205.31 Cr | ₹199.69 Cr | ₹179.96 Cr | ₹130.56 Cr | ₹63.83 Cr | ₹7.66 Cr | ₹47.93 Cr |
| Total Tax Expense | ₹50.2 Cr | ₹49.36 Cr | ₹34.01 Cr | ₹34.27 Cr | ₹19.13 Cr | ₹3.06 Cr | ₹6.56 Cr |
| Net Profit | ₹151.65 Cr | ₹147.18 Cr | ₹145.51 Cr | ₹98.75 Cr | ₹44.75 Cr | ₹4.51 Cr | ₹41.18 Cr |
| EBITDA (computed) | ₹248.79 Cr | ₹240.43 Cr | ₹220.27 Cr | ₹162.52 Cr | ₹98.87 Cr | ₹35.42 Cr | ₹78.72 Cr |
| Basic EPS | ₹215.72 | ₹209.08 | ₹202.99 | ₹133.92 | ₹62.19 | ₹6.44 | ₹57.57 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹1,096.73 Cr | ₹922.44 Cr | ₹774.78 Cr | ₹698.01 Cr | ₹492.58 Cr | ₹417.28 Cr | ₹443.89 Cr |
| Current Assets | ₹619.46 Cr | ₹529.51 Cr | ₹423 Cr | ₹397.35 Cr | ₹302.11 Cr | ₹242.12 Cr | ₹233.91 Cr |
| Property, Plant & Equipment | ₹536.1 Cr | ₹478.24 Cr | ₹443.79 Cr | ₹403.22 Cr | ₹306.73 Cr | ₹311.78 Cr | ₹317.7 Cr |
| Inventories | ₹336.05 Cr | ₹310.84 Cr | ₹229.16 Cr | ₹255.7 Cr | ₹165.19 Cr | ₹141.13 Cr | ₹154.53 Cr |
| Trade Receivables | ₹177.46 Cr | ₹123.04 Cr | ₹96.78 Cr | ₹77.45 Cr | ₹65.44 Cr | ₹45.3 Cr | ₹44.15 Cr |
| Cash & Equivalents | ₹42.79 Cr | ₹40.34 Cr | ₹53.53 Cr | ₹37.46 Cr | ₹51.61 Cr | ₹35.67 Cr | ₹19.15 Cr |
| Equity (Net Worth) | ₹850.31 Cr | ₹695.31 Cr | ₹542.32 Cr | ₹397.27 Cr | ₹297.34 Cr | ₹251.07 Cr | ₹247.05 Cr |
| Equity Share Capital | ₹7.19 Cr | ₹7.19 Cr | ₹7.19 Cr | ₹7.19 Cr | ₹7.19 Cr | ₹7.19 Cr | ₹7.19 Cr |
| Total Debt (computed) | ₹229.64 Cr | ₹218.29 Cr | ₹223.27 Cr | ₹290.87 Cr | ₹185.72 Cr | ₹157.73 Cr | ₹173.5 Cr |
| Current Liabilities | ₹155.5 Cr | ₹156.78 Cr | ₹123.45 Cr | ₹122.19 Cr | ₹119.09 Cr | ₹142.15 Cr | ₹114.2 Cr |
| Total Liabilities | ₹1,096.73 Cr | ₹922.44 Cr | ₹774.78 Cr | ₹698.01 Cr | ₹492.58 Cr | ₹417.28 Cr | ₹443.89 Cr |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ₹143.07 Cr | ₹111.47 Cr | ₹192.01 Cr | ₹39.49 Cr | ₹32.03 Cr | ₹82.05 Cr | ₹66.63 Cr |
| Investing Cash Flow | -₹104.32 Cr | -₹58.49 Cr | -₹65.99 Cr | -₹61.89 Cr | -₹19.93 Cr | -₹10.84 Cr | -₹67.25 Cr |
| Financing Cash Flow | -₹37.68 Cr | -₹60.68 Cr | -₹113.87 Cr | ₹9.01 Cr | ₹7.84 Cr | -₹55.6 Cr | ₹4.13 Cr |
| Net Change in Cash | ₹1.07 Cr | -₹7.7 Cr | ₹12.15 Cr | -₹13.39 Cr | ₹19.94 Cr | ₹15.62 Cr | ₹3.51 Cr |
| Metrics | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹680.06 Cr | ₹415.83 Cr | ₹238.68 Cr | ₹341.3 Cr | ₹506.59 Cr | ₹275 Cr | ₹203.85 Cr | ₹295.51 Cr | ₹464.25 Cr |
| Other Income | ₹27.25 Cr | ₹6.91 Cr | ₹4.37 Cr | ₹7.32 Cr | ₹3.84 Cr | ₹2.74 Cr | ₹4.49 Cr | ₹5.41 Cr | ₹4.15 Cr |
| Total Income | ₹680.06 Cr | ₹415.83 Cr | ₹238.68 Cr | ₹341.3 Cr | ₹506.59 Cr | ₹275 Cr | ₹203.85 Cr | ₹295.51 Cr | ₹464.25 Cr |
| Finance Costs | ₹4.44 Cr | ₹4.72 Cr | ₹3.97 Cr | ₹3.86 Cr | ₹3.83 Cr | ₹3.9 Cr | ₹3.08 Cr | ₹3.15 Cr | ₹3.55 Cr |
| Depreciation & Amortisation | ₹15.35 Cr | ₹13.78 Cr | ₹11.76 Cr | ₹11.56 Cr | ₹11.72 Cr | ₹10.84 Cr | ₹9.54 Cr | ₹10.93 Cr | ₹10.89 Cr |
| Profit Before Tax | ₹173.64 Cr | ₹73.47 Cr | -₹6 Lakh | ₹43.17 Cr | ₹88.73 Cr | ₹27.3 Cr | ₹17.41 Cr | ₹51.88 Cr | ₹103.1 Cr |
| Total Tax Expense | ₹42.73 Cr | ₹18.61 Cr | ₹9 Lakh | ₹9.75 Cr | ₹21.75 Cr | ₹5.3 Cr | ₹5.48 Cr | ₹12.9 Cr | ₹25.68 Cr |
| Net Profit | ₹130.91 Cr | ₹54.86 Cr | -₹15 Lakh | ₹33.42 Cr | ₹66.98 Cr | ₹22 Cr | ₹11.93 Cr | ₹38.98 Cr | ₹77.42 Cr |
| EBITDA (computed) | ₹166.18 Cr | ₹85.06 Cr | ₹11.3 Cr | ₹51.27 Cr | ₹100.44 Cr | ₹39.3 Cr | ₹25.54 Cr | ₹60.55 Cr | ₹113.39 Cr |
| Basic EPS | ₹182.13 | ₹76.32 | ₹-0.22 | ₹46.50 | ₹93.19 | ₹30.61 | ₹16.60 | ₹54.23 | ₹107.71 |
Latest 9 quarters shown.
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,109.54 Cr | ₹1,013.51 Cr | ₹912.57 Cr | ₹896.71 Cr | ₹544.12 Cr | ₹356.54 Cr | ₹516.63 Cr |
| Other Income | ₹24.62 Cr | ₹15.08 Cr | ₹13.21 Cr | ₹12.24 Cr | ₹8.79 Cr | ₹12.02 Cr | ₹8.42 Cr |
| Cost of Materials Consumed | ₹538.64 Cr | ₹482.03 Cr | ₹507.35 Cr | ₹533.28 Cr | ₹336.8 Cr | ₹217.68 Cr | ₹298.95 Cr |
| Employee Benefit Expense | ₹80.37 Cr | ₹74.41 Cr | ₹63.62 Cr | ₹58.73 Cr | ₹41.3 Cr | ₹34.27 Cr | ₹43.86 Cr |
| Finance Costs | ₹8.67 Cr | ₹8.3 Cr | ₹13.97 Cr | ₹12.88 Cr | ₹17.88 Cr | ₹20.09 Cr | ₹14.73 Cr |
| Depreciation & Amortisation | ₹28.9 Cr | ₹25.59 Cr | ₹23.15 Cr | ₹20.23 Cr | ₹19.24 Cr | ₹18.29 Cr | ₹18.88 Cr |
| Other Expenses | ₹59.8 Cr | ₹48.96 Cr | ₹31.18 Cr | ₹58.99 Cr | ₹31.98 Cr | ₹23.38 Cr | ₹17.09 Cr |
| Total Expenses | ₹964.46 Cr | ₹841.71 Cr | ₹760.09 Cr | ₹779.36 Cr | ₹501.63 Cr | ₹361.89 Cr | ₹457.06 Cr |
| Profit Before Tax | ₹132.13 Cr | ₹152.99 Cr | ₹128.57 Cr | ₹96.48 Cr | ₹14.16 Cr | -₹31.71 Cr | ₹34.38 Cr |
| Total Tax Expense | ₹34.12 Cr | ₹39.11 Cr | ₹32.73 Cr | ₹24.55 Cr | ₹3.8 Cr | -₹7.61 Cr | ₹2.24 Cr |
| Net Profit | ₹94.49 Cr | ₹110.9 Cr | ₹95.36 Cr | ₹72.04 Cr | ₹10.48 Cr | -₹23.91 Cr | ₹31.95 Cr |
| EBITDA (computed) | ₹145.08 Cr | ₹171.8 Cr | ₹152.48 Cr | ₹117.35 Cr | ₹42.49 Cr | -₹5.35 Cr | ₹59.57 Cr |
| Basic EPS | ₹136.31 | ₹158.39 | ₹133.30 | ₹100.04 | ₹14.39 | ₹-33.53 | ₹44.73 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹673.67 Cr | ₹597.21 Cr | ₹520.34 Cr | ₹501.32 Cr | ₹404.92 Cr | ₹366.12 Cr | ₹420.7 Cr |
| Current Assets | ₹394.14 Cr | ₹378.31 Cr | ₹281.4 Cr | ₹291.27 Cr | ₹205.15 Cr | ₹187.17 Cr | ₹212.46 Cr |
| Property, Plant & Equipment | ₹339.98 Cr | ₹343.22 Cr | ₹337.02 Cr | ₹301.47 Cr | ₹293.42 Cr | ₹300 Cr | ₹301.12 Cr |
| Inventories | ₹217.55 Cr | ₹235.27 Cr | ₹189.93 Cr | ₹222.54 Cr | ₹143.41 Cr | ₹126.33 Cr | ₹145.56 Cr |
| Trade Receivables | ₹122.33 Cr | ₹112.44 Cr | ₹57.7 Cr | ₹37.52 Cr | ₹34.12 Cr | ₹21.17 Cr | ₹33.21 Cr |
| Cash & Equivalents | ₹14.69 Cr | ₹5.95 Cr | ₹10.22 Cr | ₹11.41 Cr | ₹9.31 Cr | ₹18.92 Cr | ₹15.8 Cr |
| Equity (Net Worth) | ₹578.97 Cr | ₹494.96 Cr | ₹382.6 Cr | ₹289.21 Cr | ₹219.44 Cr | ₹209.79 Cr | ₹233.86 Cr |
| Equity Share Capital | ₹7.19 Cr | ₹7.19 Cr | ₹7.19 Cr | ₹7.19 Cr | ₹7.19 Cr | ₹7.19 Cr | ₹7.19 Cr |
| Total Debt (computed) | ₹78.24 Cr | ₹93.72 Cr | ₹128.86 Cr | ₹202.55 Cr | ₹176.28 Cr | ₹148.17 Cr | ₹171.41 Cr |
| Current Liabilities | ₹130.98 Cr | ₹140.52 Cr | ₹105.72 Cr | ₹109.72 Cr | ₹93.88 Cr | ₹127.16 Cr | ₹103.48 Cr |
| Total Liabilities | ₹673.67 Cr | ₹597.21 Cr | ₹520.34 Cr | ₹501.32 Cr | ₹404.92 Cr | ₹366.12 Cr | ₹420.7 Cr |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ₹128.35 Cr | ₹76.01 Cr | ₹137.85 Cr | ₹33.14 Cr | -₹4.91 Cr | ₹62.16 Cr | ₹47.57 Cr |
| Investing Cash Flow | -₹78.89 Cr | -₹27.72 Cr | -₹40.77 Cr | -₹41.99 Cr | -₹10.07 Cr | -₹10.37 Cr | -₹50.46 Cr |
| Financing Cash Flow | -₹42.1 Cr | -₹47.07 Cr | -₹102.19 Cr | ₹11.71 Cr | ₹9.38 Cr | -₹49.97 Cr | ₹8.72 Cr |
| Net Change in Cash | ₹7.36 Cr | ₹1.22 Cr | -₹5.11 Cr | ₹2.86 Cr | -₹5.6 Cr | ₹1.82 Cr | ₹5.83 Cr |
| Metrics | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹584.27 Cr | ₹295.49 Cr | ₹141.04 Cr | ₹246.85 Cr | ₹425.44 Cr | ₹232.17 Cr | ₹145.18 Cr | ₹232.74 Cr | ₹401.77 Cr |
| Other Income | ₹5.67 Cr | ₹8.54 Cr | ₹5.32 Cr | ₹7.77 Cr | ₹3.71 Cr | ₹3.24 Cr | ₹5.04 Cr | ₹4.33 Cr | ₹4.12 Cr |
| Total Income | ₹584.27 Cr | ₹295.49 Cr | ₹141.04 Cr | ₹246.85 Cr | ₹425.44 Cr | ₹232.17 Cr | ₹145.18 Cr | ₹232.74 Cr | ₹401.77 Cr |
| Finance Costs | ₹2.05 Cr | ₹2.22 Cr | ₹2.26 Cr | ₹2.1 Cr | ₹2.09 Cr | ₹2.21 Cr | ₹1.74 Cr | ₹1.88 Cr | ₹2.47 Cr |
| Depreciation & Amortisation | ₹9.09 Cr | ₹7.8 Cr | ₹6.78 Cr | ₹7 Cr | ₹7.32 Cr | ₹6.55 Cr | ₹6.08 Cr | ₹6.31 Cr | ₹6.65 Cr |
| Total Expenses | ₹436.12 Cr | ₹232.5 Cr | ₹156.18 Cr | ₹227.57 Cr | ₹348.21 Cr | ₹200.92 Cr | ₹132.25 Cr | ₹196.15 Cr | ₹312.39 Cr |
| Profit Before Tax | ₹142.68 Cr | ₹61.51 Cr | -₹18.86 Cr | ₹17.95 Cr | ₹71.53 Cr | ₹25.73 Cr | ₹10.15 Cr | ₹32.73 Cr | ₹84.38 Cr |
| Total Tax Expense | ₹36.11 Cr | ₹15.83 Cr | -₹4.58 Cr | ₹4.7 Cr | ₹18.17 Cr | ₹6.67 Cr | ₹2.68 Cr | ₹8.44 Cr | ₹21.32 Cr |
| EBITDA (computed) | ₹148.15 Cr | ₹62.99 Cr | -₹15.14 Cr | ₹19.28 Cr | ₹77.23 Cr | ₹31.25 Cr | ₹12.93 Cr | ₹36.59 Cr | ₹89.38 Cr |
Latest 9 quarters shown.
To see the full year-wise statements and ratios of Vadilal Industries Limited, buy the company report.
Board of directors of Vadilal Industries Limited
Vadilal Industries has 6 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeshbhai Ramchandrabhai Gandhi Also directs: Vegizo Food Hub LLP, Asseteur Realty LLP, Workserve Business Consultancy LLP and 5 more | Director | 01 Apr 2009 | 17 Years 7 Months | Current |
| Devanshubhai Laxmanbhai Gandhi Also directs: Vegizo Food Hub LLP, Asseteur Realty LLP, Workserve Business Consultancy LLP and 5 more | Director | 29 Sep 2025 | 1 Years 1 Months | Current |
| Gaurav Marathe | Director | 13 May 2025 | 1 Years 5 Months | Current |
| Nagarajan Sivaramakrishnan Also directs: Swaraj Engines Ltd, Alt Basket Private Limited, Gromax Agri Equipment Limited and 3 more | Director | 13 May 2025 | 1 Years 5 Months | Current |
| Shalini Raghavan Also directs: Vijay Tanks and Vessels Private Limited | Director | 13 May 2025 | 1 Years 5 Months | Current |
| Janmejay Virendrabhai Gandhi Also directs: Vegizo Food Hub LLP, Vadilal International Private Limited, Rystic Trading Private Limited and 5 more | Director | 29 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Vadilal Industries Limited is compared with the 8 companies closest to it by revenue in the Food and Beverages industry (Instant Foods, 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 Limitedthis company | ₹1,503.12 Cr (FY 2026) | ₹151.65 Cr | 10.1% | 21.2% | Ahmedabad, Gujarat, India | |
| Sunfresh Agro Industries Private Limited | ₹1,330.44 Cr (FY 2024) | -8.0% | Ahmednagar, Maharashtra, India | |||
| Goodhealth Industries Private Limited | ₹1,307.36 Cr (FY 2023) | 70.0% | New Delhi, India | |||
| SMC Foods Limited | ₹1,297.56 Cr (FY 2025) | 23.0% | Uttar Pradesh, India | |||
| Govind Milk and Milk Products Private Limited | ₹1,292.06 Cr (FY 2025) | 6.0% | Satara, Maharashtra, India | |||
| Bhole Baba Milk Food Industries (Dholpur) Private Limited. | ₹1,278.14 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India | |||
| Ghodawat Consumer Limited | ₹1,146.02 Cr (FY 2024) | -12.0% | Kolhapur, Maharashtra, India | |||
| Victoria Foods Private Limited | ₹1,141.18 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Devyani Food Industries Limited | ₹1,110.23 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India |
To see the full peer comparison of Vadilal Industries Limited, buy the company report.
Auditor
Vadilal Industries Limited is audited by Arpit Patel & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Arpit Patel & Associates | FY 2023 | 144032W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 64.70%, foreign institutional investors hold 1.00%, domestic institutional investors hold 1.30% and retail and other public shareholders hold 33.00%.
Sep 2026
QUARTER
64.70% Promoters
1.30% DII (Domestic Institutional)
1.00% FII (Foreign Institutional)
33.00% Retail & Others
Promoter holding - history
Now 64.70% · Sep 2026High 64.70% · Dec 2025Low 64.70% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 64.70% | 64.70% | 64.70% | 64.70% |
| Public | 35.30% | 35.30% | 35.30% | 35.30% |
Charges & borrowings
Open charges
₹750.17 Cr
Satisfied charges
₹542.37 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2026 | 101323542 | Others | ₹50 Cr | Open | |
| 24 Mar 2026 | 101271376 | Others | ₹150 Cr | Open | |
| 05 Nov 2025 | 101187678 | Hdfc Bank Limited | ₹150 Cr | Open | |
| 31 Jul 2025 | 101136461 | Others | ₹89 Cr | Open | |
| 29 Jul 2025 | 101136450 | Others | ₹98.33 Cr | Open |
To see the full charge records of Vadilal Industries Limited, buy the company report.
Total charge records: 59 View all charges
Deals & funding
Vadilal Industries Limited has 82 deals on record (82 market trades); the latest was in February 2026.
Total deals
82
Market trades
82
Deals on record (5 of 82)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Market trade | ₹19.62 Cr | Buyer: Navin Shah Family Private Trust Seller: Evoke Management Services LLP |
| Feb 2022 | Market trade | ₹4.96 Cr | Buyer: Rajasthan Global Securities Private Limited Seller: Rajasthan Global Securities Private Limited |
| Aug 2018 | Market trade | ₹25.46 Cr | Buyer: Chandarana Intermediaries Brokers Private Limited , N.K. Securities, Gkn Securities Seller: Chandarana Intermediaries Brokers Private Limited , N.K. Securities, Gkn Securities, an individual |
| Nov 2017 | Market trade | ₹5.22 Cr | Buyer: Rajasthan Global Securities Private Limited Seller: an individual |
| Nov 2017 | Market trade | ₹4.16 Cr | Buyer: an individual Seller: Avvanti Advisors Private Limited |
To see the full deal history of Vadilal Industries 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
Vadilal Industries Limited has 578 court cases on record: 117 filed by Vadilal Industries, 462 filed against it. 41 cases are pending and 537 are disposed.
Total cases
578
Filed by the company
117
Filed against the company
462
Pending
41
Disposed
537
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 395 | 338 | 12 |
| High courts | 131 | 84 | 17 |
| NCLAT | 31 | 21 | 7 |
| NCLT | 15 | 15 | 5 |
| Supreme Court | 6 | 4 | 0 |
Cases on record (5 of 578)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBA) | Filed against the company by Vadilal International Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Hindustan Unilever Limited | Pending |
| NCLT, Ahmedabad | Interim or miscellaneous application | Filed against the company by Vortex Ice - Cream Private Limited Now Axilrod Pvt. Ltd and 6 others | Disposed |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by Vortex Ice - Cream Private Limited and 4 others | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Vikram Infratech Developers Private Limited and 3 others | Disposed |
To see the full case history of Vadilal Industries 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.
Credit ratings & regulatory alerts
Vadilal Industries Limited was last rated by Care on 27 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Sep 2022 |
To see the full credit ratings and regulatory alerts of Vadilal Industries Limited, buy the company report.
MSME payment delays
Vadilal Industries Limited has 11 MSME Form 1 returns on record between 2020 and 2024, listing 362 overdue payments to 66 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 66)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| MBR Flexibles Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Ashtavinayaka Techno Process Engineering Private Limited | |||
| Gujarat Food Products |
To see the full MSME payment records of Vadilal Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vadilal Industries has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Vadilal Delights Limited | U15100GJ2020PLC112444 | |
| Varood Industries Limited | U15201GJ2020PLC112826 |
To see the full group structure of Vadilal Industries Limited, buy the company report.
GST
Vadilal Industries has 22 GST registrations: 7 active and 15 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
22
Active
7
Cancelled / inactive
15
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV4887F1Z6 | Gujarat | Active | 01 Jul 2017 |
| 24AAACV4887F2Z5 | Gujarat | Active | 06 Jul 2017 |
| 08AAACV4887F1Z0 | Rajasthan | Active | 01 Jul 2017 |
| 09AAACV4887F1ZY | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vadilal Industries Limited, buy the company report.
Recent activity
Vadilal Industries Limited has 38 board changes on record since 1982: 23 appointments and 15 cessations. The latest: Devanshubhai Laxmanbhai Gandhi was appointed as Director on 29 Sep 2025.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101323542 was registered on 29 Jun 2026.
Charges
A charge with Others of Rs. 75.00 Cr registered on 14 Dec 2023 with Charge ID 100836678 was modified on 29 Jun 2026.
Filing
Vadilal Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101271376 was registered on 24 Mar 2026.
Charges
A charge registered on 24 Nov 2023 via Charge ID 100820597 with Hdfc Bank Limited was fully satisfied on 24 Feb 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 150.00 Cr with Charge ID 101187678 was registered on 05 Nov 2025.
Appointed
Devanshubhai Laxmanbhai Gandhi was appointed as Director.
Appointed
Janmejay Virendrabhai Gandhi was appointed as Director.
AGM
Vadilal Industries Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Charges
A charge registered on 16 Jun 2021 via Charge ID 100451646 with The Kalupur Commercial Co-Operative Bank Limited was fully satisfied on 04 Sep 2025.
Charges
A charge with Others amounted to Rs. 89.00 Cr with Charge ID 101136461 was registered on 31 Jul 2025.
Charges
A charge with Others amounted to Rs. 98.33 Cr with Charge ID 101136450 was registered on 29 Jul 2025.
156 earlier events are in the company report.
News
VADILALIND: Q2 CONS NET PROFIT 550M RUPEES VS 334M (YOY)
VADILALIND: Q2 REVENUE 4.63 RUPEES VS 3.4B (YOY)
VADILALIND: Q2 EBITDA 838M RUPEES VS 519M (YOY); Q2 EBITDA MARGIN 18.12% VS 15.2% (YOY)
Vadilal Industries: Co. Enters Into A Revised Supply Agreement With Vadilal Enterprises For 12 Months; Agreement Subject To Shareholder Approval.
Frequently asked questions
Vadilal Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 28 April 1982 (44+ years old) and is registered under CIN L91110GJ1982PLC005169. Listed on BSE: 519156 and NSE: VADILALIND.
Vadilal Industries reported revenue of ₹1,503.12 Cr for FY 2025-26 (up 21.2% YoY) based on consolidated financials.
Vadilal Industries has 6 current directors:
- Rajeshbhai Ramchandrabhai Gandhi - Director
- Devanshubhai Laxmanbhai Gandhi - Director
- Gaurav Marathe - Director
- Nagarajan Sivaramakrishnan - Director
- Shalini Raghavan - Director
- Janmejay Virendrabhai Gandhi - Director
The latest financial statements of Vadilal Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vadilal Industries is 24AAACV4887F1Z6, registered in Gujarat. The company has 22 GST registrations in all, of which 7 are active and 15 are cancelled or inactive. Other active GSTINs include 24AAACV4887F2Z5 (Gujarat), 08AAACV4887F1Z0 (Rajasthan), 09AAACV4887F1ZY (Uttar Pradesh).
The CIN (Corporate Identification Number) of Vadilal Industries is L91110GJ1982PLC005169. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vadilal Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 519156) and NSE (symbol: VADILALIND).
Vadilal Industries has 578 court cases on record: 117 filed by the company and 462 filed against it. 41 are pending. Most are in the district courts.
Vadilal Industries was incorporated on 28 April 1982, making it 44+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vadilal Industries has 82 deals on record (82 market trades); the latest was in February 2026.
The peers of Vadilal Industries by revenue are Sunfresh Agro Industries Private Limited, Goodhealth Industries Private Limited, SMC Foods Limited, Govind Milk and Milk Products Private Limited, Bhole Baba Milk Food Industries (Dholpur) Private Limited. and 3 more, all in the Food and Beverages industry (Instant Foods, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).
Devanshubhai Laxmanbhai Gandhi was appointed as Director on 29 Sep 2025. Janmejay Virendrabhai Gandhi was appointed as Director on 29 Sep 2025. Deval Devanshu Gandhi ceased to be Director on 13 May 2025. Vadilal Industries has 38 board changes on record in total.
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