COMPANY INTELLIGENCE PROFILE
TJ Dharam Global Foods Private Limited
Operates as "Kandee Factory," a D2C plant-based/vegetarian confectionery manufacturer and online retailer (brands: Marshmelts, Toonpops, Orileys, Ville Nour, Kandee Kanes/Springs/Swirl Pops).
Kandee Factory, incorporated on 08 May 2019, operates in the confectionery sector as a direct-to-consumer manufacturer and online retailer. The company uses proprietary water-conserving technology and works with local farmers. Despite recognition as a DPIIT startup, the company's financials for FY24 show declining revenues (~₹2 Cr, down ~28% year-on-year) and a net loss with a rising debt-to-equity ratio (2.83). Kandee Factory is women-run and employs around 16 people.
AI-generated, may contain errors.
Business Overview
- Operates as "Kandee Factory," a D2C plant-based/vegetarian confectionery manufacturer and online retailer, brands: Marshmelts, Toonpops, Orileys, Ville Nour, Kandee Kanes/Springs/Swirl Pops.
- Founder-stated differentiator: proprietary "atmospheric air water extraction" technology for water-conserving candy production
- Women-run, works with local farmers/biomass. Recognised DPIIT startup
- Dun & Bradstreet Start-Up 50 Trailblazer (2023)
- Named among "100 most powerful D2C brands in India"
- Finalist, Most Admired Phygital Retailer (2021). ~16 employees, TheCompanyCheck estimate. Sources: kandeefactory.com, About/Our Story, TheCompanyCheck.
Sector & Classification
Manufacturing (Div C) — Food, beverages & tobacco products (C1); NIC code group 15490 per CIN prefix (bakery/confectionery — candy, marshmallow, lollipop products). Source: Tofler, TheCompanyCheck.
Directors & Key Management
Directors — source notes
1) Dharam Jayakaran Mahesh — DIN 03334676 — appointed 08 May 2019 (founder, "Mahesh Dharam" on brand site). 2) Dharam Mahesh Anusha — DIN 05009965 — appointed 08 May 2019 (co-founder, "Anusha Mahesh Dharam" on brand site). DINs confirmed via Tofler; names cross-confirmed with TheCompanyCheck and the company's own website. No other directors found.
GST Registrations
Not obtained. No GSTIN surfaced on any of the reliable sources checked (Tofler GST tab returned no data, TheCompanyCheck marked "not mentioned," findgst.in and knowyourgst.com pages for this entity/state were unreachable or 404). PAN also not obtained, so GSTIN cannot be cross-derived. Flag as a data gap — do not guess or attribute a GSTIN from a similarly-named entity.
Financials
TJ Dharam Global Foods Private Limited reported a revenue of approximately ₹2 crore in FY2024, a 28% decline YoY. The company experienced a ~72.55% drop in net worth and a ~187.12% increase in borrowings. With a debt-to-equity ratio of 2.83 and a net profit margin of -39.69%, the company's ROE stood at -216.85%, indicating rising leverage and ongoing financial challenges.
AI-generated, may contain errors.
- FY2024, as reported by TheCompanyCheck/Tofler, MCA-filing derived, likely standalone — small private company: Revenue ~₹2 Cr, TheCompanyCheck states "₹2 Cr, down ~28% YoY"; Tofler shows the same -28.15% YoY revenue trend without disclosing the absolute figure — treated as confirmed direction, partial on absolute value.
- Net worth: down ~72.55% YoY, absolute value paywalled — not obtained.
- Borrowings: up ~187.12% YoY, absolute value paywalled — not obtained.
- Debt-to-equity ~2.83
- Net profit margin ~ -39.69% (net loss)
- ROE ~ -216.85%.
- EBITDA/PAT absolute figures: not obtained, paywalled on both platforms.
- Overall picture: a small, loss-making, declining-revenue FY24 with rising leverage — consistent across the two sources that show trend data, so the direction is confirmed even though absolute rupee figures are partial/not obtained.
Funding History
- Not obtained.
- No funding round, investor, or amount found on Inc42, or elsewhere in the sources checked.
- Company holds DPIIT Startup recognition and a D&B "Start-Up 50" listing (2023) but these are recognitions, not funding events.
- Treat as bootstrapped/undisclosed.
Loans & Charges
- One charge confirmed, 2 sources, minor amount discrepancy: HDFC Bank Limited, created 03 Dec 2021 — TheCompanyCheck states ₹21.45 Lakh, Tofler states ₹0.2 Crore (=₹20 Lakh)
- Figures are close enough to likely be the same charge with rounding/reporting differences. Status: open/active on both. No other charges found.
Credit Ratings
- Not obtained / none found. No CRISIL, ICRA, or CARE rating located for this entity — consistent with its small scale, typical for companies of this size that haven't sought rated bank facilities beyond the one HDFC charge.
Legal & Compliance
- Indian Kanoon search for "TJ Dharam Global Foods" returned no matching court cases/orders. No litigation found.
Competitive Landscape
- Indian D2C/better-for-you confectionery and candy peers, roughly similar early-stage/small scale unless noted: (1) The Whole Truth Foods — snacks/foods, larger funded D2C scale
- (2) Yoga Bar — larger funded D2C nutrition brand
- (3) Guiltfree Industries, Ovenfresh/Timios parent scale varies, — snack-adjacent
- (4) Wingreens Farms — D2C packaged foods, larger scale
- (5) Farmley — D2C dry fruits/snacks, funded, larger scale
- (6) local/regional artisanal confectionery makers, unlisted, small scale, comparable to Kandee Factory. Kandee Factory is positioned as a small-scale, niche "plant-based candy" player versus these broader, better-funded D2C food brands.
Frequently Asked Questions
What does the company do?
The company, operating as "Kandee Factory," is a direct-to-consumer plant-based and vegetarian confectionery manufacturer and online retailer. Its brands include Marshmelts, Toonpops, Orileys, Ville Nour, and Kandee Kanes/Springs/Swirl Pops. The company is recognized as a DPIIT startup and was named among "100 most powerful D2C brands in India."
What is the company's CIN?
The company's Corporate Identification Number (CIN) is U15490TN2019PTC129167.
When was the company incorporated?
The company was incorporated on 08 May 2019.
What is the registered office address of the company?
The company's registered office is located at No.14, Raja Street, 1st Floor, Lakshmana Perumal Nagar, Kottivakkam, Chennai, Tamil Nadu to 600041.
Sources
TheCompanyCheck (thecompanycheck.com/company/tj-dharam-global-foods-private-limited/U15490TN2019PTC129167) — identity, capital, financial trend, charges, related parties, NIC code. Tofler (tofler.in/tj-dharam-global-foods-private-limited/company/U15490TN2019PTC129167) — director DINs, address variant, financial trend %, charges, related parties. kandeefactory.com (homepage + "Our Story") — founders, business description, domain, logo, contact address. Indian Kanoon (indiankanoon.org) — legal search, no results. Inc42 (inc42.com) — funding search, no results. GLEIF/search.gleif.org — LEI check (inconclusive/not confirmed). findgst.in, knowyourgst.com — GSTIN lookups attempted, returned errors/404 (no data obtained).
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.