Morde Foods
Morde Foods is a Mumbai-based, family-owned B2B chocolate manufacturer founded in 1983, supplying premium chocolate, cocoa, coatings, fillings, and compounds to professional chocolatiers, pâtissiers, and bakers across India, the Middle East, and Africa, holding roughly 50% of India's B2B chocolate market.
- Company typePrivate
- Founded1983
- HeadquartersMumbai, India
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Morde Foods does
Morde Foods Private Limited is a Mumbai-based, family-owned B2B chocolate manufacturer founded in 1983 by Chairman M. Chandrakant Morde. The company supplies premium chocolate and cocoa products to professional chocolatiers, pâtissiers, and bakers, and reports holding approximately 50% of India's B2B chocolate market. Its portfolio is organized into six core categories: Chocolate, Cocoa Products, Coated products, Fillings, Decorations & Inclusions, and Compounds, manufactured under a stack of food-safety and sustainability certifications including FSSC 22000, Halal, Kosher, RSPO, and Rainforest Alliance.
Morde operates a direct, sales-led B2B go-to-market, reaching customers across the Indian subcontinent, the Middle East, and Africa through direct relationships, with industry exhibitions such as Aahar (2025 and 2026) serving as key customer-acquisition and brand-building touchpoints. Pricing is quote-based and negotiated by volume and specification rather than publicly listed. In 2025 the company executed its first major rebrand in four decades, unveiling a new 'Bean to Bird' visual identity and packaging at Aahar 2025, followed in March 2026 by a luxury chocolate range showcased at AAHAR 2026. Beyond core manufacturing, Morde has begun deploying balance-sheet capital externally, leading a ~$17.5–18 million funding round into Pepperfry in February 2026 alongside SageOne Investments, signaling portfolio diversification beyond chocolate. The company remains privately held under Morde family control, with no disclosed parent, subsidiaries, or institutional investors.
Morde Foods firmographics
Firmographics- Name
- Morde Foods
- Legal name
- Morde Foods Private Limited
- Website
- https://morde.com
- Company type
- Private
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Morde Foods is a Mumbai-based, family-owned B2B chocolate manufacturer founded in 1983, supplying premium chocolate, cocoa, coatings, fillings, and compounds to professional chocolatiers, pâtissiers, and bakers across India, the Middle East, and Africa, holding roughly 50% of India's B2B chocolate market.
- Ownership category
- akta.pro rank
Morde Foods industry classification
Industry- Product category
- B2B Chocolate and Cocoa Ingredients Manufacturing
- NAICS
- Chocolate and Confectionery Manufacturing (31135), Confectionery Manufacturing from Purchased Chocolate (311352), Chocolate and Confectionery Manufacturing from Cacao Beans (311351)
- SIC
- Sugar & Confectionery Products (2060)
- akta.pro primary industry
- Bakery Fillings, Icings & Decorations Manufacturing (AFAKAAAH)
- akta.pro secondary industry
- Baking Ingredients & Desserts (Flour, Mixes, Frosting, Gelatin) (CRADAAAD)
Keywords
Where Morde Foods is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Markets served
Morde Foods business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- B2B Chocolate Manufacturing: Morde operates as a B2B chocolate manufacturer supplying premium chocolate and cocoa products to professional chocolatiers, pâtissiers, and bakers. The company generates revenue through the sale of chocolate ingredients, cocoa products, compounds, fillings, and decorative products to business customers across India, Middle East, and Africa.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Morde Foods product offering
Product offeringCore offering
Morde Foods manufactures and supplies premium chocolate and cocoa ingredient products — Chocolate, Cocoa Products, Coated products, Fillings, Decorations & Inclusions, and Compounds — to professional chocolatiers, pâtissiers, and bakers as a B2B ingredient partner. Founded in 1983, the company holds approximately 50% of India's B2B chocolate market and serves customers across India, the Indian subcontinent, Middle East, and Africa.
Product overview
Morde Foods is a B2B chocolate manufacturer offering a comprehensive portfolio of premium chocolate and cocoa products. The product line consists of six core categories: Chocolate (main chocolate offerings), Cocoa Products (cocoa powder and derivatives), Coated products, Fillings, Decorations & Inclusions, and Compounds. These products serve chocolatiers, pâtissiers, and bakers across India, the Indian subcontinent, Middle East, and Africa. Founded in 1983, Morde Foods holds approximately 50% of India's B2B chocolate market.
Differentiator
Problem solved
Functional benefit
Products and services
- Chocolate Premium chocolate products manufactured as ingredients for B2B customers including chocolatiers, pâtissiers, and bakers, used in confectionery and baking applications.
- Cocoa Products Cocoa-based ingredients such as cocoa powder supplied to industrial and artisan chocolate makers for professional applications.
- Coated Products Chocolate-coated ingredients and finished coated products supplied for bakery and confectionery manufacturing applications.
- Fillings Chocolate-based filling compounds supplied for confectionery, bakery, and pastry manufacturing applications.
- Decorations & Inclusions Chocolate decorations and inclusions supplied to enhance the visual presentation and texture of baked goods, confections, and pastries.
- Compounds Compound chocolate products supplied as alternatives to traditional cocoa chocolate for specific industrial and artisan manufacturing applications.
Quantifiable outcome
- 50% market share in India's B2B chocolate market
Companies that use Morde Foods
Customer profileSegments1 record
Ideal customer profiles1 record
Morde Foods technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Morde Foods partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
Morde Foods competitors and assessment
Company assessmentDirect peers
- Cacao Barry: A Barry Callebaut brand specializing in premium chocolate products (couverture, fillings, decorations) for chocolatiers and pâtissiers—Morde's clearest direct comp in product range and customer segment.
- Barry Callebaut: World's largest B2B chocolate manufacturer supplying cocoa and chocolate products to professional chocolatiers, pâtissiers, and bakeries globally—the closest direct comp to Morde's business model at a much larger scale.
- Puratos: Belgian B2B supplier of bakery, patisserie, and chocolate ingredients serving professional bakers and chocolatiers worldwide—operating the same one-stop-shop B2B ingredient model as Morde.
- Byond: Premium chocolate manufacturer and exhibitor alongside Morde at AAHAR 2026, targeting overlapping professional and gourmet customers in the Indian market.
- Callebaut (Belcolade): Belcolade, part of the Barry Callebaut group, supplies premium chocolate for industrial and professional users; offers a directly comparable product line of couvertures, fillings, and decorations.
Broad incumbents
- Cargill: Global commodities and food-ingredients giant with cocoa and chocolate operations that supplied professional chocolate customers at the same AAHAR 2026 exhibition as Morde, directly competing for the same B2B customer base.
- Ferrero: Global confectionery major with industrial chocolate operations supplying bakers and confectioners alongside its consumer brands, competing with Morde on premium-grade chocolate ingredients.
- Nestlé Professional: Out-of-home and B2B arm of Nestlé serving bakeries, patisseries, and foodservice operators with chocolate and cocoa products—an incumbent competitor with deeper R&D and global reach than Morde.
- ITC Foods: Large Indian conglomerate with a foods division spanning bakery and confectionery inputs—a regional incumbent that can leverage scale and distribution to challenge Morde in the Indian B2B channel.
- Britannia Industries: Major Indian bakery and confectionery company with significant procurement of chocolate and cocoa inputs—an established Indian food major with potentially overlapping bakery-ingredient ambitions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Morde Foods social profiles
Digital presenceMorde Foods compliance and trust
Trust signalCompliance5 records
Morde Foods financial estimates
Financial estimateRevenue estimate
Valuation estimate
Morde Foods leadership team
Management profileNumber of profiles
Profiles3 records
Morde Foods funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Morde Foods M&A and investment
M&A and investmentM&A
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Morde Foods
What does Morde Foods do?
Morde Foods manufactures and supplies premium chocolate and cocoa ingredient products — Chocolate, Cocoa Products, Coated products, Fillings, Decorations & Inclusions, and Compounds — to professional chocolatiers, pâtissiers, and bakers as a B2B ingredient partner. Founded in 1983, the company holds approximately 50% of India's B2B chocolate market and serves customers across India, the Indian subcontinent, Middle East, and Africa.
Is Morde Foods a public or private company?
Morde Foods is a private company. It is classified as family owned and is currently operating.
When was Morde Foods founded?
Morde Foods was founded in 1983. It employs 251 to 500 people.
Where is Morde Foods based?
Morde Foods is headquartered in Mumbai, India, in the Asia region.
How does Morde Foods make money?
One revenue line is on record: B2B Chocolate Manufacturing.
Who are Morde Foods's main competitors?
Direct peers on record are Cacao Barry, Barry Callebaut, Puratos, Byond and Callebaut (Belcolade). Broad incumbents are Cargill, Ferrero, Nestlé Professional, ITC Foods and Britannia Industries.
Does Morde Foods have an API?
No public API is recorded for Morde Foods.
What industry is Morde Foods in?
Morde Foods's product category is B2B Chocolate and Cocoa Ingredients Manufacturing. Its primary akta.pro industry code is AFAKAAAH, Bakery Fillings, Icings & Decorations Manufacturing, with a secondary code of CRADAAAD, Baking Ingredients & Desserts (Flour, Mixes, Frosting, Gelatin). Its NAICS code is 31135 and its SIC code is 2060.