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Kwality Ltd

Full company profile

uuid0006p6q

Namestring
Kwality Ltd
Legal namestring
Kwality Walls India Ltd
Websiteurl
kdil.in
Company typeenum
Public
Founded yearint
1992
Descriptiontext

Kwality Ltd (legal name: Kwality Walls India Ltd) is an Indian dairy and frozen desserts company founded in 1992 and headquartered in New Delhi. It was originally established as a backward integration unit of Kwality Ice Creams India Ltd, designed to secure raw milk supply for ice cream manufacturing. The company is publicly listed on Indian stock exchanges under BSE ticker 531882 and trades under the consumer brand "Kwality Wall's." It operates in the dairy processing and ice cream segment, with reported quarterly revenue of Rs 485.70 crore showing year-over-year growth.

The company's product portfolio centers on dairy and frozen desserts, and it broadened its footprint in 2013 through the acquisition of Varshney Bandhu Foods Private Limited, an undisclosed-value deal that extended the business into adjacent packaged food categories. In 2016, the company received a $77.4 million investment from Kohlberg Kravis Roberts & Co. (KKR), the most significant institutional capital event on record and indicative of an attempted scale-up of dairy and frozen desserts operations in India.

The most recent reported quarter shows a net loss of Rs -107.10 crore against Rs 485.70 crore in revenue, indicating that top-line growth is not translating into profitability. Leadership is sparse in the data, with only S.K. Gupta identified as CFO. The current corporate website (kdil.in) does not reflect operational dairy content, instead hosting unrelated lifestyle articles, raising governance and operational continuity concerns. Overall, Kwality Ltd is a publicly listed Indian dairy/frozen desserts operator with material revenue but a loss-making P&L and limited transparency on customers, technology, and management.

Short descriptiontext

Kwality Ltd (Kwality Walls India Ltd) is a publicly listed Indian dairy and frozen desserts company founded in 1992 and headquartered in New Delhi, producing ice cream and dairy products for the Indian consumer market.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersNew Delhi, India
HQ citystring
New Delhi
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
dairy products, ice cream, frozen desserts, desi ghee, dairy processing
Industry3 codes
1Butter & Ghee Manufacturing
CodeAFAKAKADPrimaryYes
2Dairy-Based Frozen Dessert Mixes & Bases Manufacturing (Industrial/Private Label)
CodeAFAHAEAIPrimaryNo
3Ghee Manufacturing (Clarified Butter)
CodeAFAHACAGPrimaryNo
NAICS code2 codes
  • Dairy Product Manufacturing3115
  • Ice Cream and Frozen Dessert Manufacturing31152
SIC code2 codes
  • Dairy Products2020
  • Ice Cream & Frozen Desserts2024
Product category
Dairy Products
Social media profiles2 records
Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Kwality Ltd (also known as Kwality Walls India Ltd) is an Indian dairy and frozen desserts company that manufactures and sells dairy products including ice cream and desi ghee. Originally established in 1992 as a backward integration unit of Kwality Ice Creams India Ltd, the company produces and distributes branded dairy and frozen dessert products under the 'Kwality Wall's' brand in India.

Differentiator
Functional benefit
Problem solved
Product and service3 records
1Kwality Wall's Ice Cream
CategoryFrozen Desserts
2Dairy Products (including Desi Ghee)
CategoryDairy Products
3Varshney Bandhu Foods Product Line
CategoryFood Products
Scale indicator2 records

Each record includes

Type, Value, Description, Source

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight2 records

Each record includes

Type, Description

Peers10 records
1Dodla Dairy
TypeDirect peer
Description

South India-focused dairy processor with branded and B2B dairy offerings. Comparable as a publicly listed Indian dairy company operating a similar product mix of milk, ghee, and value-added dairy.

2Hatsun Agro Product
TypeDirect peer
Description

India's largest private-sector dairy company with strong ice cream (Arun, Ibaco) and dairy product portfolios. Closely comparable to Kwality in operating across both fluid dairy and frozen desserts categories for the Indian consumer market.

3Heritage Foods
TypeDirect peer
Description

Listed Indian dairy and value-added dairy products company with pan-India reach. Comparable in scale, category mix, and listed-company status to Kwality in the Indian dairy processing space.

4Nestle India
TypeBroad incumbent
Description

Operates a major dairy and frozen desserts business in India (Milkmaid, ice cream). Broad incumbent in Indian packaged dairy with far greater scale, brand, and distribution reach than Kwality.

5Parag Milk Foods
TypeDirect peer
Description

Indian dairy processor with strong presence in ghee (Gowardhan), cheese, and paneer. Directly comparable to Kwality's ghee-led positioning and Indian distribution model.

6Creamline Dairy
TypeRegional player
Description

South India-focused private dairy company with value-added products including ice cream. Comparable product profile to Kwality but primarily regional rather than national in footprint.

7Mother Dairy
TypeBroad incumbent
Description

Large Delhi-NCR-based dairy and frozen desserts player. Geographic overlap with Kwality's New Delhi base and overlapping product portfolio in ghee, ice cream, and packaged dairy.

8Amul (GCMMF)
TypeBroad incumbent
Description

India's largest dairy cooperative dominating ghee, ice cream, and fluid milk. A broad incumbent that competes with Kwality across virtually every dairy category in India and sets industry pricing.

9Vadilal Industries
TypeDirect peer
Description

One of India's leading ice cream brands with integrated dairy processing. Direct overlap with Kwality in branded frozen desserts and dairy manufacturing for the Indian retail and foodservice channels.

10Britannia Industries
TypeBroad incumbent
Description

Large Indian packaged foods company with significant dairy-adjacent categories. Comparable as a listed Indian food major whose distribution and brand infrastructure overlap with Kwality's go-to-market.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Kwality Ltd

Dairy Productskdil.in

Kwality Ltd (Kwality Walls India Ltd) is a publicly listed Indian dairy and frozen desserts company founded in 1992 and headquartered in New Delhi, producing ice cream and dairy products for the Indian consumer market.

What Kwality Ltd does

Kwality Ltd (legal name: Kwality Walls India Ltd) is an Indian dairy and frozen desserts company founded in 1992 and headquartered in New Delhi. It was originally established as a backward integration unit of Kwality Ice Creams India Ltd, designed to secure raw milk supply for ice cream manufacturing. The company is publicly listed on Indian stock exchanges under BSE ticker 531882 and trades under the consumer brand "Kwality Wall's." It operates in the dairy processing and ice cream segment, with reported quarterly revenue of Rs 485.70 crore showing year-over-year growth.

The company's product portfolio centers on dairy and frozen desserts, and it broadened its footprint in 2013 through the acquisition of Varshney Bandhu Foods Private Limited, an undisclosed-value deal that extended the business into adjacent packaged food categories. In 2016, the company received a $77.4 million investment from Kohlberg Kravis Roberts & Co. (KKR), the most significant institutional capital event on record and indicative of an attempted scale-up of dairy and frozen desserts operations in India.

The most recent reported quarter shows a net loss of Rs -107.10 crore against Rs 485.70 crore in revenue, indicating that top-line growth is not translating into profitability. Leadership is sparse in the data, with only S.K. Gupta identified as CFO. The current corporate website (kdil.in) does not reflect operational dairy content, instead hosting unrelated lifestyle articles, raising governance and operational continuity concerns. Overall, Kwality Ltd is a publicly listed Indian dairy/frozen desserts operator with material revenue but a loss-making P&L and limited transparency on customers, technology, and management.

Kwality Ltd firmographics

Firmographics
Name
Kwality Ltd
Legal name
Kwality Walls India Ltd
Website
https://kdil.in
Company type
Public
Founded year
1992
Operating status
Operating
Headcount range
51–100 employees
Short description
Kwality Ltd (Kwality Walls India Ltd) is a publicly listed Indian dairy and frozen desserts company founded in 1992 and headquartered in New Delhi, producing ice cream and dairy products for the Indian consumer market.
Ownership category
akta.pro rank

Kwality Ltd industry classification

Industry
Product category
Dairy Products
NAICS
Dairy Product Manufacturing (3115), Ice Cream and Frozen Dessert Manufacturing (31152)
SIC
Dairy Products (2020), Ice Cream & Frozen Desserts (2024)
akta.pro primary industry
Butter & Ghee Manufacturing (AFAKAKAD)
akta.pro secondary industries
Dairy-Based Frozen Dessert Mixes & Bases Manufacturing (Industrial/Private Label) (AFAHAEAI), Ghee Manufacturing (Clarified Butter) (AFAHACAG)

Keywords

  • Dairy products
  • Ice cream
  • Frozen desserts
  • Desi ghee
  • Dairy processing

Where Kwality Ltd is headquartered

Location

Headquarters

HQ city
New Delhi
HQ country
India
HQ region
Asia

Markets served

Kwality Ltd business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Kwality Ltd product offering

Product offering

Core offering

Kwality Ltd (also known as Kwality Walls India Ltd) is an Indian dairy and frozen desserts company that manufactures and sells dairy products including ice cream and desi ghee. Originally established in 1992 as a backward integration unit of Kwality Ice Creams India Ltd, the company produces and distributes branded dairy and frozen dessert products under the 'Kwality Wall's' brand in India.

Differentiator

Problem solved

Functional benefit

Products and services

  • Kwality Wall's Ice Cream
  • Dairy Products (including Desi Ghee)
  • Varshney Bandhu Foods Product Line

Companies that use Kwality Ltd

Customer profile

Ideal customer profiles2 records

Kwality Ltd technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Kwality Ltd partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves3 records

Expansion highlights2 records

Kwality Ltd competitors and assessment

Company assessment

Direct peers

  • Dodla Dairy: South India-focused dairy processor with branded and B2B dairy offerings. Comparable as a publicly listed Indian dairy company operating a similar product mix of milk, ghee, and value-added dairy.
  • Hatsun Agro Product: India's largest private-sector dairy company with strong ice cream (Arun, Ibaco) and dairy product portfolios. Closely comparable to Kwality in operating across both fluid dairy and frozen desserts categories for the Indian consumer market.
  • Heritage Foods: Listed Indian dairy and value-added dairy products company with pan-India reach. Comparable in scale, category mix, and listed-company status to Kwality in the Indian dairy processing space.
  • Parag Milk Foods: Indian dairy processor with strong presence in ghee (Gowardhan), cheese, and paneer. Directly comparable to Kwality's ghee-led positioning and Indian distribution model.
  • Vadilal Industries: One of India's leading ice cream brands with integrated dairy processing. Direct overlap with Kwality in branded frozen desserts and dairy manufacturing for the Indian retail and foodservice channels.

Broad incumbents

  • Nestle India: Operates a major dairy and frozen desserts business in India (Milkmaid, ice cream). Broad incumbent in Indian packaged dairy with far greater scale, brand, and distribution reach than Kwality.
  • Mother Dairy: Large Delhi-NCR-based dairy and frozen desserts player. Geographic overlap with Kwality's New Delhi base and overlapping product portfolio in ghee, ice cream, and packaged dairy.
  • Amul (GCMMF): India's largest dairy cooperative dominating ghee, ice cream, and fluid milk. A broad incumbent that competes with Kwality across virtually every dairy category in India and sets industry pricing.
  • Britannia Industries: Large Indian packaged foods company with significant dairy-adjacent categories. Comparable as a listed Indian food major whose distribution and brand infrastructure overlap with Kwality's go-to-market.

Regional players

  • Creamline Dairy: South India-focused private dairy company with value-added products including ice cream. Comparable product profile to Kwality but primarily regional rather than national in footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

Kwality Ltd social profiles

Digital presence

Kwality Ltd financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Kwality Ltd leadership team

Management profile

Number of profiles

Profiles1 record

Kwality Ltd funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Kwality Ltd M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kwality Ltd

What does Kwality Ltd do?

Kwality Ltd (also known as Kwality Walls India Ltd) is an Indian dairy and frozen desserts company that manufactures and sells dairy products including ice cream and desi ghee. Originally established in 1992 as a backward integration unit of Kwality Ice Creams India Ltd, the company produces and distributes branded dairy and frozen dessert products under the 'Kwality Wall's' brand in India.

Is Kwality Ltd a public or private company?

Kwality Ltd is a public company. It is classified as public and is currently operating.

When was Kwality Ltd founded?

Kwality Ltd was founded in 1992. It employs 51 to 100 people.

Where is Kwality Ltd based?

Kwality Ltd is headquartered in New Delhi, India, in the Asia region.

Who are Kwality Ltd's main competitors?

Direct peers on record are Dodla Dairy, Hatsun Agro Product, Heritage Foods, Parag Milk Foods and Vadilal Industries. Broad incumbents are Nestle India, Mother Dairy, Amul (GCMMF) and Britannia Industries. Creamline Dairy is listed as a regional player.

Does Kwality Ltd have an API?

No public API is recorded for Kwality Ltd.

What industry is Kwality Ltd in?

Kwality Ltd's product category is Dairy Products. Its primary akta.pro industry code is AFAKAKAD, Butter & Ghee Manufacturing, with a secondary code of AFAHAEAI, Dairy-Based Frozen Dessert Mixes & Bases Manufacturing (Industrial/Private Label). Its NAICS code is 3115 and its SIC code is 2020.

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Live signals
The Times of IndiaED attaches over Rs 440 crore assets of ex-promoters of Kwality - The Economic TimesThe Enforcement Directorate has attached assets worth Rs 442.85 crore belonging to former promoters Siddhant Gupta and Sanjay Dhingra of dairy company Kwality Ltd, linked to an alleged Rs 1,400 crore bank loan fraud and subsequent money laundering. The attached properties include a farmhouse in Delhi's DLF Chhatarpur and residential properties in Vasant Vihar, Punjabi Bagh, Karnal, and Mohali, held through dummy companies with driver and security guard as directors. The case originated from a CBI FIR filed in September 2020, and Kwality has since been liquidated and taken over by new owners.The New York TimesA Taste of Indian Nostalgia Finds an Eager AudienceKwality ice cream, a brand with nostalgic ties to India, is drawing eager customers in the US, with lines and daily requests for new stores. Dr. Kanti Parekh engineered the flavors to match Indian palates, and the brand's popularity waned after a corporate takeover altered its taste.VCCircleTimes Group, HT Media to pick stakes in dairy company KwalityDairy company Kwality Ltd is raising an undisclosed amount of funding from media companies Bennett, Coleman & Co Ltd (BCCL), known as the Times Group, and HT Media Ltd through a preferential allotment of equity shares, convertible warrants, and compulsory convertible debentures. The two arch-rival media companies are investing together in Kwality, which had received board approval to raise Rs 60 crore (approximately $9 million), marking a rare instance of collaboration between the competitors. Kwality operates six milk processing units across Uttar Pradesh, Haryana, and Rajasthan, producing ghee, flavoured milk, yogurts, butter, cheese, and curd under its Dairy Best brand.