Business

Vadilal resets after 10 years & amid a family battle

By Sohail Khan 30 September 2026, 8:08 pm

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Business News›Industry›Cons. Products›Food›Vadilal Industries strikes fresh deal with Vadilal Enterprises amid family dispute

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Vadilal Industries strikes fresh deal with Vadilal Enterprises amid family dispute
Synopsis

Vadilal Industries Ltd has signed a revised supply agreement with Vadilal Enterprises for a 12-month period. This agreement is set to be effective from November 1, 2026, to October 31, 2027. The previous 10-year agreement was due to end on September 30, 2026, and could not be renewed. A family dispute within the promoter Gandhi family has complicated operational issues and leadership restructuring.

Vadilal Industries' domestic distribution faces change as an agreement expires soon — Vadilal Industries Ltd has signed a revised supply agreement with Vadilal Enterprises for a 12-month period

New Delhi: Ice cream and frozen desserts maker Vadilal Industries Ltd (VIL) on Wednesday signed a revised supply agreement for a 12-month period with estranged group entity Vadilal Enterprises (VEL) for marketing and distribution, it said in an exchange filing.

The agreement will be effective from November 1, 2026, to October 31, 2027.

VIL had said in a filing on September 11 that its existing 10-year agreement with VEL would end on September 30, 2026. According to the statement, the agreement “could not be renewed from October 1 as VEL had not received the required approval from its public shareholders for the proposed renewal.”

At the time, VIL also announced other key leadership changes, including Rajesh R. Gandhi and Devanshu L. Gandhi stepping down as managing directors after resolving the family litigation. Bringing the Vadilal brand under the direct ownership of the promoters is expected to help streamline issues such as royalty payments and ease operations.

Two factions of the promoter Gandhi family have been embroiled in a legal battle in the Bombay High Court between the Mumbai and Ahmedabad branches over brand rights and regional sales territories for the Vadilal ice cream business.

Also Read: Vadilal Industries challenges order granting interim relief to Mumbai faction

A report by IMARC projected India’s ice cream market to reach Rs 57,500 crore by 2033, growing at a CAGR of close to 11% between 2025 and 2033.

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