What does Vadilal Dairy International Limited do?

Vadilal Dairy International Limited is an ice cream and dairy products manufacturer incorporated in 1997, operating as part of the broader Vadilal Group. The company is ISO 22000:2005 certified and manufactures ice cream and dairy products from its plant in Tarapur, Boisar, Maharashtra. The Vadilal Group as a whole traces its roots to 1907 and is one of India's largest ice cream brands.

Who are the promoters of Vadilal Dairy International?

The company is part of the Vadilal Group, promoted by the Gandhi family. Key promoter figures in the Vadilal Group include Rajesh R. Gandhi and Devanshu L. Gandhi, who lead the group's listed entity Vadilal Industries Limited.

Is Vadilal Dairy International planning an IPO?

There is no publicly known IPO plan for Vadilal Dairy International Limited as of mid-2025. The company remains an unlisted public limited company.

How is Vadilal Dairy International related to Vadilal Industries?

Vadilal Dairy International Limited is a separate legal entity from the listed Vadilal Industries Limited (NSE: VADILALIND), but both are part of the same Vadilal Group promoted by the Gandhi family. Vadilal Industries is the flagship listed company of the group.

How do I buy Vadilal Dairy International unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Vadilal Dairy International?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Vadilal Dairy International shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Vadilal Dairy International Unlisted Share Price | Buy Vadilal Dairy International Pre-IPO Shares — wisefolio

Investment Thesis

Vadilal Dairy International Limited is a niche unlisted entity within the well-known Vadilal Group, manufacturing ice cream and dairy products from its Maharashtra facility. While it benefits from the century-old Vadilal brand, the company's individual financials are not publicly disclosed. Its low share price of ₹10 reflects limited secondary market activity.

Pros

Part of the iconic Vadilal Group, one of India's largest ice cream and dairy brands with over 100 years of legacy since 1907
ISO 22000:2005 certified manufacturing facility in Tarapur, Boisar, Maharashtra, ensuring international food safety standards
Benefits from the well-established Vadilal brand name with strong pan-India distribution and consumer trust

Cons

Stock trades at a very low price of ₹10, indicating limited investor interest and negligible secondary market liquidity
Unlisted entity with limited financial disclosures making it difficult to assess true financial health
Dairy and ice cream business is highly seasonal and competitive, with intense rivalry from Amul, Mother Dairy, and HUL

Business Segments

Ice Cream

Manufacturing and sale of branded ice cream products under the Vadilal brand

Dairy Products

Processing and sale of dairy-based products

Revenue Model

The company generates revenue through the manufacture and sale of ice cream and dairy products. Products are sold through a distributor network leveraging the Vadilal brand's established retail presence across India.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Growing demand for branded dairy and frozen dessert products in India

Expansion of cold chain infrastructure in tier-2 and tier-3 cities

Industry Tailwinds

Growing demand for branded dairy and frozen dessert products in India

Expansion of cold chain infrastructure in tier-2 and tier-3 cities

Recent Developments

Revenue declined to ₹25.02 Crore in FY2024

Revenue from operations fell from ₹28.83 Crore in FY2023 to ₹25.02 Crore in FY2024.

2024

Net loss widened to ₹1.75 Crore in FY2024

Net loss increased from ₹1.15 Crore in FY2023 to ₹1.75 Crore in FY2024.

2024

Comparable Companies

CompanyTypeTickerMkt Cap

Vadilal Industries LimitedListedVADILALIND—

Hatsun Agro Product LimitedListedHATSUN—

Prabhat Dairy LimitedUnlisted——

Vadilal Industries LimitedListed

VADILALIND

Frequently Asked Questions

About Vadilal Dairy International

Vadilal Dairy International Limited is a public limited company incorporated on 20 December 1987, formerly known as Super Milk Makers. The company is registered under CIN L15200MH1997PLC107525, with its manufacturing facility at Plot No. M-13, MIDC Industrial Area, Tarapur, Boisar, Maharashtra — 401506. It is part of the renowned Vadilal group, one of India's most recognized ice cream and food products brands. The company started as Super Milk Makers, a private limited company incorporated in July 1987, and was converted into a public limited company in May 1993. The transition to the Vadilal group involved branding and operational integration with the flagship Vadilal ice cream business. Vadilal Dairy International operates a dairy and food processing unit at the Tarapur MIDC industrial area in Maharashtra, one of India's largest industrial estates. The facility is engaged in dairy processing, supporting the broader Vadilal ecosystem that produces ice cream, frozen desserts, and related dairy products. Financially, the company has faced challenges in recent years. For the financial year ended 31 March 2024, the company earned revenue from operations of ₹2,501.93 lakh (approximately ₹25 Crore), down from ₹2,882.61 lakh (approximately ₹28.8 Crore) in FY2023. The company reported a loss of ₹175.30 lakh in FY2024, compared to a loss of ₹114.93 lakh in FY2023. This indicates a trend of declining revenues and widening losses, raising concerns about operational viability. The Vadilal group's primary listed entity, Vadilal Industries Limited, is a profitable and growing company that has expanded its ice cream distribution network nationally. Vadilal Dairy International is a separate entity focused on dairy processing rather than the broader ice cream retail business. The authorized share capital is ₹15 Crore and paid-up capital is ₹3.19 Crore. The company files annual reports including audited financial statements, making it one of the more transparent unlisted companies in this list. The 37th Annual Report for FY2023-24 is publicly available on the Vadilal ice cream website.

Key Milestones

Common questions about unlisted shares

How do I buy Vadilal Dairy International unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Vadilal Dairy International Limited

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