How a Small Regional Ice Cream Brand Built a โน233 Crore Empire ๐ In a market dominated by multinational giants, Hangyo Ice Creams grew revenue by 50% to reach Rs 233 crore in FY23 while increasing profits nine-fold to Rs 5.8 crore. โข Started in 1997, by Mr. Pradeep G Pai with just one 'Softee' in Mangalore, now among India's top 12 ice cream brands Before expanding nationwide, they perfected their products and built trust in Karnataka. โข Pure milk-based formulation became their competitive edge In an industry where many cut costs with vegetable fats, they chose quality over shortcuts. โข Leaders maintained unwavering focus on authentic flavors Their fruit-based ice creams like Chiku and Pink Guava earned consumer loyalty that attracted $25M investment in 2024. โข From 1 shop to 30,000+ retail locations across 7 states They built distribution excellence with 410+ distributors while maintaining product consistency. What do you think about their story?
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