Company lists
The Gujarat edition · 2026

Food & Beverage Productscompanies in Gujarat

Snacks, edible oils, beverages, dairy, staples & spices and more: the companies building food & beverage products in Gujarat, with their founders, funding, team size and business models.

396 company profiles184 with reported revenue19 with recorded fundingSeptember 2026 edition

Recent food & beverage products business events in Gujarat

Funding, M&A, contract wins and launches involving 462 food & beverage products companies in Gujarat, last 24 months: 36 M&A deals · 8 Contracts · 8 launches · 5 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

ContractSupply

Chowgule and Company · client: Boomsma shipping

Indian shipbuilder Chowgule and Company has begun conducting sea trials of a new dry cargo vessel ordered by Netherlands-based shortsea shipping specialist Boomsma Shipping.

Shipping
LaunchCafé Mocha

Vadilal Industries

Vadilal Industries launches its latest campaign, ‘#IceCreamWaliSituationship’, and two delicious new flavours - Café Mocha and Pista Kunafa.

Ice Cream Flavor
ContractService

Glassbox · client: Gokul agro resources

Gokul Agro Resources Ltd. has appointed Glassbox, a Komerz company, as its integrated brand and growth partner

FMCG
LaunchRiteBite Max Protein RTD Protein Shakes

Zydus wellness

Zydus Wellness Ltd has expanded its RiteBite Max Protein range into three new formats—ready-to-drink (RTD) protein shakes, protein bars, and protein chips—as it looks to broaden its…

Protein beverage
LaunchGlucon-D Recharge

Zydus wellness

India, March 26th, 2026: Zydus Wellness today announced the expansion of its iconic brand Glucon-D into the fast-growing performance hydration category with the launch of Glucon-D Recharge.

Performance Hydration
M&AAcquisition · Completed

Arjunsinh Rajput acquires Gokul refoils & solvent

Arjunsinh Rajput acquired 12,238 equity shares of Gokul Refoils & Solvent Limited through open market purchase on March 10, 2026.

M&AAcquisition · Announced

Ankit Jalan and Anuj Jalan acquires Shah foods

The draft letter, dated February 25, 2026, outlines an open offer by acquirers Ankit Jalan and Anuj Jalan to acquire up to 60,61,900 equity shares of Shah Foods Limited, representing…

Food products and vegetables trading
FundingStrategic investment

Balaji wafers

Balaji Wafers has entered into a definitive agreement to receive a strategic investment from global growth equity firm General Atlantic

Snacking
M&AAcquisition · Announced

General atlantic acquires Balaji wafers

Balaji Wafers has agreed to sell a 7 per cent stake for Rs 2,050 crore.

Snack maker
M&AAcquisition · Announced

General atlantic acquires Balaji wafers

Rajkot’s Balaji Wafers is also set to bag an investment from General Atlantic at a valuation of Rs 35,000 crore.

Food & Beverage
LaunchTru

Amul

Amul, India’s largest dairy brand has entered the packaged juices segment by launching the Tru brand of fruit juices.

Packaged fruit juices
Funding

Balaji wafers

US-based private equity firm General Atlantic is close to finalizing a ₹2,500 crore investment for a 7% stake in Balaji Wafers, valuing the Gujarat-headquartered snack maker at around…

Snack
M&AAcquisition · Announced

Kedaara capital acquires Balaji wafers

Gujarat-based Balaji Wafers is in the final stages of a stake sale, with Kedaara Capital and General Atlantic (GA) leading the race to acquire 6-7 per cent of the company, which is…

Packaged Food
M&AAcquisition · Rumored

General mills acquires Balaji wafers

Mumbai: US multinational General Mills Inc is in talks to buy into Balaji Wafers, joining other suitors including PepsiCo, ITC Ltd and several private equity firms eyeing a significant…

Snack Foods
M&AAcquisition · Announced

ITC Foods acquires Balaji wafers

Besides FMCG companies, ITC Foods is also in the race to acquire a stake in Gujarat-based Balaji Wafers, which has a strong presence in the chips, namkeen and confectionery products in…

Snacks/Food
M&AAcquisition · Announced

private equity (PE) firms acquires Balaji wafers

Balaji Wafers, a snack manufacturer based in Rajkot, is in discussions with leading private equity (PE) firms to sell up to 10% of its equity, aiming for a valuation of nearly Rs 40,000…

Snack manufacturer
LaunchWagh Bakri Royale

Wagh Bakri

Targeting tea connoisseurs, Wagh Bakri, a Gujarat-based tea brand on Tuesday launched a “super‑premium” category of blended tea which is about 30-40 per cent costly that the most premium…

Super‑premium blended tea
M&AAcquisition · Announced

Lence acquires Adani wilmar

ACL and Lence have entered into a share purchase agreement (SPA), under which “Lence has agreed to purchase, and ACL has agreed to sell up to a maximum of 25.99 crore shares representing…

M&AMerger · Pending

Vadilal Industries acquires Vadilal International Pvt. Ltd, Vadilal Finance Co. Pvt. Ltd, Veronica Constructions Pvt. Ltd

As part of a family agreement, the families decided to merge three promoter-owned companies—Vadilal International, Vadilal Finance Co. Pvt. Ltd, and Veronica Constructions Pvt. Ltd—into…

M&AAcquisition · Announced

Rasna acquires Jumpin

Instant beverage major Rasna has acquired popular juice brand Jumpin from Hershey’s India, marking its foray into the ready-to-drink (RTD) segment.

M&AAcquisition · Announced

Rasna acquires Jumpin brand

Instant beverage maker Rasna announced on Monday its acquisition of the Jumpin brand from Hershey’s India, marking its entry into the ready-to-drink market.

Beverages
ContractSupply

Chowgule and Company · client: JR Shipping Group

Netherlands-based JR Shipping Group has placed an order for two diesel-electric shortsea dry cargo vessels with Indian shipbuilder Chowgule and Company.

Shipping
FundingOFS

Adani wilmar

Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on…

Investors Non-retail investors, Retail investors
Oil and Gas
ContractService

Primex media services · client: Clear premium water

Primex Media Services, one of India’s leading public relations and media management agencies, has been awarded the PR mandate for CLEAR Premium Water for the third consecutive time

Public Relations
M&AAcquisition · Announced

Adani wilmar acquires G.D. Foods Manufacturing (India) Pvt. Ltd

Adani Wilmar Ltd (AWL) is doubling down on branded foods with its ₹603 crore acquisition of G.D. Foods Manufacturing (India) Pvt. Ltd

Food manufacturing
Contract

GD Foods Manufacturing (India) Private Ltd · client: Adani wilmar

Adani Wilmar has signed a definitive agreement to acquire GD Foods Manufacturing (India) Private Ltd.

M&AAcquisition · Announced

Na acquires Adani wilmar

We, Adani Commodities LLP ('Seller'/'Promoter'), one of the promoters of Adani Wilmar Limited ('Company'), have sold 17,56,01,314 equity shares of face value of ₹1 each, representing…

M&AAcquisition · Announced

Wilmar international acquires Adani wilmar

Indian billionaire Gautam Adani’s Adani Group will sell a 20 per cent stake in Adani Wilmar for 71.48 billion rupees (S$1.1 billion) as it exits non-core activities to focus on the…

Retail
M&AAcquisition · Completed

Non-retail investors acquires Adani wilmar

The Adani Group on Friday raised about Rs 4,850 crore after selling 13.5 per cent of its stake in Adani Wilmar as part of a strategy to exit non-core activities to focus on main…

FMCG
M&AAcquisition · Announced

Public market acquires Adani wilmar

Adani will sell the remaining 13.94 per cent stake in the open market to the public to satisfy the 25 per cent public shareholding prescribed by Sebi for public listed companies.

Food & FMCG

Food & Beverage Products companies in Gujarat, by revenue

Browse food & beverage products companies in Gujarat by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 184 food & beverage products companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer of edible and non-edible oils, derivatives, and feed meals

Food & beverage products
₹19,584.78 crFY 2024-25
+41%2024–2025
810+22% 12 mo to Aug 2024recorded Aug 2024
12 yr2014
0none in 3 months

Manufacturer of snack foods

Food & beverage products
₹5,010.37 crFY 2022-23
Not reported
1,903-5% 12 mo to Sep 2024LinkedIn · Jul 2026
52 yr1974
1postings · last posted Jul 2026

Producers of edible oil

Food & beverage products
₹3,146.91 crFY 2022-23
Not reported
446+0% 12 mo to Jul 2024LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Brand of healthcare nutrition products

Food & beverage products
₹2,722.50 crFY 2024-25
+16%2024–2025
2,301+3% 12 mo to Mar 2024LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Internet first brand of dairy products

Food & beverage products
₹2,127.46 crFY 2024-25
+8%2024–2025
375+3% 12 mo to Sep 2024recorded Sep 2024
14 yr2012
0none in 3 months

Tea Exporters & Suppliers - Tea Brands - Wagh Bakri Group

Food & beverage products
₹1,897.86 crFY 2022-23
Not reported
1,048+7% 12 mo to Sep 2024recorded Sep 2024
134 yr1892
—No postings tracked

Brand of groundnut oil

Food & beverage products
₹1,728.84 crFY 2024-25
+36%2024–2025
101+12% 12 mo to Feb 2024recorded Feb 2024
34 yr1992
0none in 3 months

Internet first brand of namkeen, wafers, and snacks

Food & beverage products
₹1,473.61 crFY 2024-25
+5%2024–2025
1,263-77% 12 mo to Mar 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Ice Creams - Vadilal

Food & beverage products
₹1,137.80 crFY 2023-24
Not reported
209+8% 12 mo to Apr 2024recorded Apr 2024
119 yr1907
—No postings tracked

Brand offering ice cream products

Food & beverage products
₹1,010.95 crFY 2023-24
Not reported
594+13% 12 mo to Aug 2024recorded Aug 2024
36 yr1990
—No postings tracked

Production and marketing of Indian ethnic snacks

Food & beverage products
₹1,022.69 crFY 2024-25
+13%2024–2025
586+8% 12 mo to Jul 2024recorded Jul 2024
25 yr2001
0none in 3 months

Brand of sunflower oil

Food & beverage products
₹936.88 crFY 2024-25
-2%2024–2025
7+0% 12 mo to Mar 2024recorded Mar 2024
17 yr2009
0none in 3 months

Brand of spices, chips, pickles, snacks, flours, and toast

Food & beverage products
₹641.33 crFY 2022-23
Not reported
1,220-7% 12 mo to Jul 2024recorded Jul 2024
61 yr1965
—No postings tracked

Manufacturer of food and beverage products and operator of hospitality services

Traditional conglomerates
₹516.02 crFY 2024-25
-3%2024–2025
146-5% 12 mo to Oct 2023LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Manufacturer of luxury chocolate products

Food & beverage products
₹510.21 crFY 2024-25
Not reported
67-11% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer of bottled water and eco-friendly packaging

Food & beverage products
₹431.69 crFY 2024-25
+22%2024–2025
198+62% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Brand of rice

Food & beverage products
₹322.47 crFY 2023-24
-50%2023–2024
23+35% 12 mo to Jul 2017recorded Jul 2017
45 yr1981
0none in 3 months

Brand of extruded snacks

Food & beverage products
₹309.11 crFY 2024-25
+17%2024–2025
107+30% 12 mo to Sep 2024recorded Sep 2024
20 yr2006
0none in 3 months

Provider of processed and packaged foods

Food & beverage products
₹260.78 crFY 2021-22
Not reported
479+6% 12 mo to Sep 2024recorded Sep 2024
61 yr1965
—No postings tracked

Salt brand

Food & beverage products
₹286.48 crFY 2024-25
+1%2024–2025
1LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Manufacturer of spices, pickles, and other food products

Food & beverage products
₹249.95 crFY 2021-22
Not reported
147+1% 12 mo to Sep 2024recorded Sep 2024
71 yr1955
—No postings tracked

Company specializing in the manufacturing of murmura and poha

Food & beverage products
₹250.47 crFY 2024-25
+23%2024–2025
—Not available
46 yr1980
0none in 3 months

Manufacturer of castor oils and castor oil cake

Food & beverage products
₹210.21 crFY 2021-22
Not reported
—Not available
32 yr1994
—No postings tracked

Brand of herbal tea

Food & beverage products
₹234.88 crFY 2024-25
+14%2024–2025
250recorded
45 yr1981
0none in 3 months

Online retailer of various Indian snacks, sweets, and related food

Food & beverage products
₹232.74 crFY 2024-25
+24%2024–2025
339-7% 12 mo to Sep 2024LinkedIn · Jul 2026
34 yr1992
0none in 3 months · last posted Mar 2026
50 of 396 companies shown here · the full list is on Radar
Fliar Radar

Explore all 396 food & beverage products companies in Gujarat on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open food & beverage products in Gujarat on Radar
  • Every company, not just 50All 396 food & beverage products companies in Gujarat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore food & beverage products companies in Gujarat by what you are looking for

Browse the top food & beverage products companies in Gujarat, from snack makers and edible oil producers to dairy and beverage brands. You can also find food and beverage manufacturing companies, startups and listed food companies in Gujarat.

9 ways to explore food & beverage products in Gujarat

Snack & bakery food manufacturersEdible oil & cooking oil companiesBeverage, tea & coffee companiesDairy, ghee & ice cream companiesGrocery staples, spices & flour brandsNutrition & health food brands

Snack & bakery food manufacturers

Makers of wafers, chips, namkeen, biscuits and other packaged snacks.

  1. Balaji Wafers

    Manufacturer of snack foods

    Food & beverage products
    See in list
  2. Gopal Snacks

    Internet first brand of namkeen, wafers, and snacks

    Food & beverage products
    See in list
  3. Laxmi Snacks

    Production and marketing of Indian ethnic snacks

    Food & beverage products
    See in list
  4. Shree Hari Namkeen

    Brand of extruded snacks

    Food & beverage products
    See in list
  5. Jabsons

    Online retailer of various Indian snacks, sweets, and related food

    Food & beverage products
    See in list
77 companies in Gujarat

Edible oil & cooking oil companies

Producers and brands of edible oils, groundnut oil and related derivatives.

  1. Gulab Oils

    Brand of groundnut oil

    Food & beverage products
    See in list
  2. Shroff Oil

    Manufacturer of castor oils and castor oil cake

    Food & beverage products
    See in list
  3. Maruti Oil

    Brand offering a range of refined products, including cottonseed, corn, soybean, and sunflower oils

    Food & beverage products
    Website
  4. Tirupati Oils

    Internet first brand of cooking oil

    Food & beverage products
    Website
  5. Vaishnodevi Refoils and Solvex

    Manufacturer, supplier, and exporter of various oils including Groundnut, Sunflower, Mustard, Soyabean, Canola, and Rapeseed oil

    Food & beverage products
    Website

Beverage, tea & coffee companies

Brands making juices, packaged water, tea, coffee and energy drinks.

  1. Wagh Bakri Tea Group

    Tea Exporters & Suppliers - Tea Brands - Wagh Bakri Group

    Food & beverage products
    See in list
  2. Clear Premium Water

    Manufacturer of bottled water and eco-friendly packaging

    Food & beverage products
    See in list
  3. Tulsi Tea

    Brand of herbal tea

    Food & beverage products
    See in list
  4. Umiya Tea

    Manufacturer of a variety of tea products

    Food & beverage products
    See in list
  5. Neelam Tea

    Tea company that offers a range of loose-leaf teas, blends, and specialty options

    Food & beverage products
    See in list
44 companies in Gujarat

Dairy, ghee & ice cream companies

Producers of milk products, butter, ghee and ice cream.

  1. Maahi Milk

    Internet first brand of dairy products

    Food & beverage products
    See in list
  2. United Foods

    Brand of peanut butter

    Food & beverage products
    Website
  3. Vadilal

    Ice Creams - Vadilal

    Food & beverage products
    See in list
  4. Jain Dairy

    Provider of cheese, milk, and other dairy products

    Food & beverage products
    See in list
  5. Ruparel Foods

    Butter brand

    Food & beverage products
    See in list
23 companies in Gujarat

Grocery staples, spices & flour brands

Brands of spices, flour, grains, honey, dry fruits and other grocery staples.

  1. Gulab Oils

    Brand of groundnut oil

    Food & beverage products
    See in list
  2. Ramdev Food Products

    Brand of spices, chips, pickles, snacks, flours, and toast

    Food & beverage products
    See in list
  3. ANKUR CHEMFOOD

    Salt brand

    Food & beverage products
    See in list
  4. Adani

    Manufacturer of spices, pickles, and other food products

    Food & beverage products
    See in list
  5. Madhusudan Masala

    Manufacturer and processor of a wide range of spices

    Food & beverage products
    See in list

Nutrition & health food brands

Companies offering nutrition drinks, supplements, superfoods and organic foods.

  1. Zydus Wellness

    Brand of healthcare nutrition products

    Food & beverage products
    See in list
  2. Nutrizo Advancis Healthcare

    Manufacturer of stevia and herbal extracts, plant-based proteins, and sugar-free products

    Food & beverage products
    Website
  3. BebeBurp

    Retailer of organic baby food, snacks, and related membership options

    Mom & baby care
    Website
  4. Stroom

    Online retailer of assorted protein bars, wafers, and gift boxes

    Online grocery
    Website
  5. Gut Basket

    Platform offering DIY kits for vegetable and beer fermentation

    Food & beverage products
    Website

Food & beverage startups in Gujarat

Newer food and beverage brands founded in recent years.

  1. Diamond Sing & Foods

    Brand of chips, peanuts, chickpeas, and namkeens

    Food & beverage products
    Website
  2. PFC Foods

    Plant-based meat alternative provider offering vegetarian products

    Food & beverage products
    Website
  3. Stroom

    Online retailer of assorted protein bars, wafers, and gift boxes

    Online grocery
    Website
  4. Joyspoon

    Internet first brand offering multi-category mouth freshners

    Online grocery
    Website
  5. OgoNuts

    Online brand offering healthy snacks

    Food & beverage products
    Website
45 companies in Gujarat

Food & beverage companies hiring in Gujarat

Food and beverage companies with open jobs right now.

  1. Balaji Wafers

    Manufacturer of snack foods

    Food & beverage products
    See in list
  2. Jabsons

    Online retailer of various Indian snacks, sweets, and related food

    Food & beverage products
    See in list
  3. Murtuza Foods

    Provider of a range of dehydrated food products and spices

    Food & beverage products
    See in list
  4. Gwalia Sweets

    Brand of sweets, namkeen, baklava, and bakery products

    Food & beverage products
    See in list
  5. Euro India Fresh Foods

    Multi-category food & beverage company

    Food & beverage products
    See in list
12 companies in Gujarat

Listed food & beverage companies in Gujarat

Publicly listed food and beverage companies.

  1. Gokul Agro

    Manufacturer of edible and non-edible oils, derivatives, and feed meals

    Food & beverage products
    See in list
  2. Zydus Wellness

    Brand of healthcare nutrition products

    Food & beverage products
    See in list
  3. Gopal Snacks

    Internet first brand of namkeen, wafers, and snacks

    Food & beverage products
    See in list
  4. Vadilal

    Ice Creams - Vadilal

    Food & beverage products
    See in list
  5. Mishtann

    Brand of rice

    Food & beverage products
    See in list
18 companies in Gujarat
Mobile reach

Top 10 food & beverage products apps from Gujarat

The most-installed Android apps published by food & beverage products companies headquartered in Gujarat — 816K installs between them. 19 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
3

Amul Shop

by Amul

Installs223K
Rating—
Installs, year on year+500%
Last updatedFeb 2026
View on Google Play ↗
Amul Shop screenshot 1Amul Shop screenshot 2Amul Shop screenshot 3Amul Shop screenshot 4Amul Shop screenshot 5Amul Shop screenshot 6
8

Refresh Your Life

by Refresh

Installs9K
Rating—
Last updatedMar 2026
View on Google Play ↗
Refresh Your Life screenshot 1Refresh Your Life screenshot 2Refresh Your Life screenshot 3Refresh Your Life screenshot 4Refresh Your Life screenshot 5Refresh Your Life screenshot 6
The business behind the activity

Food & Beverage Products financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 168 food & beverage products companies in Gujarat for FY24-25 — 195 of the 396 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 63% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹52,736.20 cr

168 companies filing accounts

combined net profit₹1,280.79 cr

2.4% aggregate margin

are profitable80%

135 of 168 companies

median revenue~₹45.9 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five63%

revenue concentration

Six-year view

Combined revenue of filing companies

₹23,690.62 crFY19-20138 filers
₹28,978.03 crFY20-21150 filers
₹37,363.22 crFY21-22159 filers
₹41,804.02 crFY22-23168 filers
₹44,981.61 crFY23-24172 filers
₹52,736.20 crFY24-25168 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 150 companies over three years

+28%
FY22-23₹40,707.13 cr₹1,168.22 cr net
FY23-24₹43,938.01 cr₹1,652.06 cr net
FY24-25₹52,182.86 cr₹1,268.64 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr1354% profitable
₹1–10 cr3361% profitable
₹10–100 cr7183% profitable
₹100–1,000 cr4198% profitable
Over ₹1,000 cr1090% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking38
0–20%59
20–50%37
50–100%13
Doubled+12

159 companies with accounts for both years; median growth +13%.

Profitability

Profit is concentrated at the top

135profitable
33loss-making
2.4%aggregate margin
1.2%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
KBZ FOODKBZ FOOD INDIA LIMITED+131%₹97.80 cr
Alpino Health FoodsALPINO HEALTH FOODS PRIVATE LIMITED+116%
RoasteaTCT VENTURES PRIVATE LIMITED+91%₹63.80 cr
BombaywallaBOMBAYWALLA PURANPOLI PRIVATE LIMITED+87%₹48.68 cr
Maruti OilMARUTI OIL AND FATS PRIVATE LIMITED₹89.82 cr
PINTOLADAS SUPERFOODS PRIVATE LIMITED+72%₹101.79 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ZORKOZORKO LIMITED20.3%
SchmittenRAJHANS NUTRIMENTS PRIVATE LIMITED17.7%₹510.21 cr
Vitagreen ProductsVITAGREEN PRODUCTS PRIVATE LIMITED15.1%
Urmin GroupURMIN PRODUCTS PRIVATE LIMITED15.0%₹516.02 cr
RasnaPIOMA INDUSTRIES PRIVATE LIMITED12.9%
VadilalVADILAL INDUSTRIES LIMITED11.1%₹1,028.59 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Food & beverage products156₹52,104.27 cr~₹53.2 cr82%2.3%
Online grocery5₹15.09 cr~₹2.4 cr40%-11.6%
Leaders

Largest food & beverage products companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Gokul AgroGOKUL AGRO RESOURCES LIMITED₹17,146.60 cr₹200.86 cr1.2%+32%
Balaji WafersBALAJI WAFERS PRIVATE LIMITED₹6,547.66 cr₹290.95 cr4.4%+18%
N.K.ProteinsN K PROTEINS PRIVATE LIMITED₹57.55 cr1.1%+15%
Wagh Bakri Tea GroupGUJARAT TEA PROCESSORS AND PACKERS LIMITED₹2,358.22 cr₹150.75 cr6.4%+12%
Maahi MilkMAAHI MILK PRODUCER COMPANY LIMITED₹2,127.46 cr₹28.35 cr1.3%+8%
Gulab OilsGULAB OIL AND FOOD (AHMEDABAD) PRIVATE LIMITED₹1,728.84 cr₹10.55 cr0.6%+36%
Gopal SnacksGopal Snacks Limited₹1,473.61 cr₹19.00 cr1.3%+5%
Vadilal IcecreamsVADILAL ENTERPRISES LIMITED₹1,125.18 cr₹5.73 cr0.5%+11%
VadilalVADILAL INDUSTRIES LIMITED₹1,028.59 cr₹113.88 cr11.1%+11%
Laxmi SnacksLAXMI SNACKS PRIVATE LIMITED₹1,022.69 cr−₹9.91 cr-1.0%+13%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Food & Beverage Products funding and M&A across India

1,396 recorded equity rounds have gone to 4,927 food & beverage products companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months52

US$120.39m

equity rounds, last 24 months183

US$423.70m

raised over five yearsUS$2.25bn

775 rounds in India

M&A deals, Gujarat36

last 24 months

Capital by year

Equity funding into food & beverage products in India

amount rounds
$217m201874
$224m201999
$230m202096
$572m2021140
$616m2022174
$325m2023143
$365m2024164
$295m2025117
$82m202637

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$615.90m across 174 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$35.10m167 rounds · median US$96k
SeedUS$269.89m440 rounds · median US$298k
Series AUS$324.40m87 rounds · median US$2.99m
Series BUS$422.67m40 rounds · median US$7.97m
Series CUS$292.25m19 rounds · median US$14.46m
Series D+US$879.41m20 rounds · median US$24.00m
Private equityUS$31.07m2 rounds · median US$15.54m
Where the money went · five years

Most-funded sub-sectors

Online groceryUS$1.05bn247 rounds · 80 companies
Food & beverage productsUS$1.01bn476 rounds · 215 companies
Livestock techUS$134.30m2 rounds · 1 companies
Food service chainsUS$31.00m2 rounds · 1 companies
Food techUS$13.92m16 rounds · 7 companies
Fitness & wellness techUS$3.15m6 rounds · 1 companies
Food processingUS$3.00m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in Gujarat

31Acquisition
4Merger
1Announced

Most active acquirers

  1. Vadilal Industries5
  2. General atlantic4
  3. Zydus wellness4
  4. Lence3
  5. Rasna3

Most acquired or merged

  1. Adani wilmar11
  2. Balaji wafers8
  3. Comfort click2
  4. Vadilal2
  5. Gokul refoils & solvent1

Each deal appears in the events strip at the top of the page.

Food & Beverage Products funding in Gujarat

19 food & beverage products companies in Gujarat have recorded equity funding, US$94.37m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind food & beverage products companies in Gujarat. 202 of 396 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gujarat food & beverage products companies by sub-sector

The most common specialisations among food & beverage products companies in Gujarat. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring food & beverage products in India and nearby markets.

Coming soon