In this blog post about the “Jain Shikanji Company Profile,” we’ll dive into the fascinating growth of Jain Shikanji and discuss its financial parameters.
You’ll learn all about the company, including the background of its owner, details about the investors, and insights into the company’s net worth, funding, and revenue. Plus, we’ll share the exciting story of Jain Shikanji’ pitch on Shark Tank India Season 1.
Join us as we explore the vibrant streets of India, where an innovative startup is breathing new life into the country’s favorite summer drink—shikanji.
This creative company is reviving the beloved, flavorful beverage, rich in tradition, and making it a big hit again. Their shikanji is winning hearts and providing refreshing relief in the scorching summer heat.
About Jain Shikanji India in Jain Shikanji Company Profile:
Table of Contents
- 1 About Jain Shikanji India in Jain Shikanji Company Profile:
- 2 Which legal entities is Jain Shikanji associated with?
- 3 Jain Shikanji Owner:
- 4 Jain shikanji net worth:
- 5 Jain Shikanji Investors:
- 6 Jain Shikanji Funding:
- 7 Jain Shikanji Revenue:
- 8 Jain Shikanji competitors in India:
- 9 Jain Shikanji valuation
- 10 Jain Shikanji owner net worth:
- 11 Jain Shikanji Shark Tank-India-Season 1-update
- 12 Jain Shikanji Turnover:
- 13 Jain Shikanji Business Model:
- 14 Jain Shikanji Share Price:
- 15 FAQ Question:
Jain Shikanji is a family legacy startup that began in 1957 but was relaunched on February 9, 2017. Their main objective is to make shikanji, a traditional Indian summer drink, famous all over the world and to establish their family heritage brand known globally.
In the next part of the blog, we will primarily focus on the legal entities associated with Jain Shikanji.
Which legal entities is Jain Shikanji associated with?
Currently Jain Shikanji is associated with only one legal entity whose name is provided in the table below:
| Legal Entity Name | Date of Incorporation | Revenue | Net Profit |
|---|---|---|---|
| HBMB FOOD PRODUCTS PRIVATE LIMITED | Feb 09, 2017 | $9.22M (as on Mar 31, 2022) | $280K (as on Mar 31, 2022) |
Jain Shikanji Owner:
To truly understand a company, it helps to know its owner well. In this section of the ‘Jain Shikanji Company Profile,’ we’ll share some details about the owner of Jain Shikanji. So lets start by first knowing the owner.
Anubhav Jain serves as the CEO and Co-Founder and owner of Jain Shikanji. Along with that he co-owns HBMB Foods Private Limited with his father and brother. Their family has been crafting Jain Shikanji for over 80 years. Established in 2017, HBMB is headquartered in Ghaziabad, Uttar Pradesh.
The company founder came from the Jain Family, driven by the desire to continue his family legacy. In doing so, he created the brand “Jain Shikanji”. In the next part, we will primarily focus on the person behind the recreation of this brand.
Jain Shikanji Owner age:
Anubhav Jain, the current founder of Jain Shikanji, is in his mid-thirties, a time when many embark on their careers. However, for him, it wasn’t just about starting a career; it was about igniting the drive to grow his family’s legacy.
Jain shikanji net worth:
This marks a significant increase compared to the previous update published on March 23, 2022, just after the end of the financial year 2022-2023, where the company’s net worth was estimated to be approximately $2 million, which is roughly equal to Rs 16.62 crore rupees.
But based on the recent growth of the company the company is expecting to reach net worth of at list Rs 40 Crore by the end of financial year 2024-2025.
The company has almost doubled its net worth in just 1.6 years, which is extraordinary, especially considering the competitive landscape of the food sector in India.
Having said that the Net Worth of the any company depends on various factors some of the factors are:-
- Investors who has invested in Jain Shikanji
- Jain Shikanji owner net worth
- Jain Shikanji total funding
- Jain Shikanji revenue for all financial year
- Jain Shikanji competitors in India
- Jain Shikanji total valuation
- Jain Shikanji total turnover for each year
Let’s dive deeper into the “Jain shikanji Company Profile” and explore the essential financial aspects that shape its net worth and other financial factors.So,Let’s go and discuss them one by one.
Jain Shikanji Investors:
Currently Aman Gupta, Vineeta Singh, Ashneer Grover, and Anupam Mittal are investors in Jain Shikanji. They collectively invested roughly $53.5K, which is approximately Rs 40 lakhs for a equity of 30%, on February 4, 2022.
- Vineeta Singh is the CEO and Co-Founder of Sugar Cosmetics.
- Aman Gupta is the CEO and Co-Founder of Boat which sell products like head phone,smart watch and other similar products.
- Ashneer Grover is the Ex-CEO and Co-Founder of Bharat Pay.
- Anupam Mittal is the CEO and Co-Founder of Shaadi.com match making company in India.
The company has conducted only one angel round of funding, which took place on India’s most famous business show, Shark Tank. This round gave Jain Shikanji an estimated valuation of Rs 1.33 crore.
All of them have a net worth’s of several Crore and there company are well established and well funded along with that all of them have diverged experience of running the company.
Now that we’ve introduced the key investors driving the growth and funding of the company, let’s move on to the next part of the blog: the total funding that Redbez has raised to date by digging deep into the Jain Shikanji Company Profile.
Jain Shikanji Funding:
As of 2024, the company has made its mark in a big way, showcasing its potential on India’s premier business show. In a thrilling pitch, they secured a funding round of Rupees(Rs) 40 Lakh for a 30% equity stake.
Details are provided in the table below:upees
In this angel round conducted on February 4, 2022, during Shark Tank Season 1, four sharks—Aman Gupta, Vineeta Singh, Ashneer Grover, and Anupam Mittal—showed interest in the company and offered a combined deal. Each shark invested Rs 10 lakh for a 7.5% equity share, resulting in a total investment of Rs 40 lakhs for 30% equity, which is roughly equal to $53.5K USD.
With the funding part sorted out in the Jain Shikanji company profile, we will now move on to the most important financial parameter of any company: revenue, which determines the net worth, growth and other financial parameters of the company.
Jain Shikanji Revenue:
Currently, according to the latest update in local news published in Feb 3,2024, Jain Shikanji is generating an overall revenue of Rs 1-3 crore in financial year 2023-2024. Almost 50 to 60% of their annual revenue is earned during the summer season, as shikanji is a drink primarily enjoyed in the summer.
If we talk about the revenue in the financial year 2020-2021, the company was able to generate Rs 25 lakh. While this may seem low to some, given the market conditions during the COVID-19 pandemic, it was a decent revenue.
Transitioning to the next critical aspect of the “Jain Shikanji Company Profile,” let’s explore the Competitors of Jain Shikanji.
Jain Shikanji competitors in India:
Competitors play a vital role in determining the growth and market of the company and it also effects the financial of the company like net worth, valuation ,revenue and other parameters like sales of a company.
Top 10 competitors of Jain Shikanji :
- Pushp
- Food Service
- Eastern Condiments
- Keya Foods
- Synthite Industries
- MDH Spices
- Everest
- Brahmins Group
- JK Masala
- Under The Mango Tree
Top 3 Jain Shikanji competitors detail:
Among its competitors Pushp, Food Service and Eastern Condiments have captured the largest market share in the cab service industry both in India and globally in a remarkably short time. Their rapid expansion and dominance set a high benchmark in the sector.
Now, moving further into the discussion in the “Jain Shikanji Company Profile,” let’s delve into a brief overview of the top three competitors of Jain Shikanji .
Pushp:
Pushp is a globally renowned company that started in the year 1947 its head quarter is mainly located in Indore, India and up till now they have raised the total funding of roughly $ 28.5 Million.
Food Service:
Food Service is also a globally renowned company that started in the year 2012 its head quarter is mainly located in Mumbai, India and up till now they have raised the total funding of $ 5.68 Million.
Eastern Condiments:
Eastern Condiments is also a globally renowned company that started in the year 1983 its head quarter is mainly located in Kochi, India and up till now they have raised the total funding of $ 46 Million.
Transitioning to the next critical aspect of the “Jain Shikanji company Profile,” let’s explore the valuation of Jain Shikanji. Valuation is a key factor in forecasting the market value of the company and understanding its financial standing.
Jain Shikanji valuation
Absolutely, the valuation of a company is indeed crucial in determining its net worth and other financial parameters. It serves as a key indicator in predicting the market value of a company.
The current valuation of Jain Shikanji for the financial year 2023-2024 is somewhere between Rs 5-8 crore.
As per the Shark Tank funding update published in March 2021, the company was valued at Rs 1.33 crore by all four sharks in the combined offer.
Since then, the company has grown exponentially. Last year (2023), the company founder Anubhav Jain disclosed that the valuation of the company had reached Rs 5 crore.
Now, let’s move on to the next section in the “Jain Shikanji Company Profile,” where we will discuss the net worth of the owner. While the owner’s net worth doesn’t directly impact the company’s finances, it can have an indirect effect on the company’s financial health and credibility.
Jain Shikanji owner net worth:
Based on the last news update published in this financial year 2022-2023 the net worth of the owner of Jain Shikanji is estimated to be between Rs 16 Crore which is same as the net worth of the company and it is roughly equal to $ 2 Million.
But based on the recent growth of the company the company is expecting to reach net worth of at list Rs 40 Crore by the end of financial year 2024-2025.
Now moving on to the next part in “Jain Shikanji company Profile” that include all the event that happened in shark tank and how the company was able to receive the funding.So let’s start
Jain Shikanji Shark Tank-India-Season 1-update
Jain Shikanji made an exciting appearance on Shark Tank Season 1, which began this February 5, 2022. During their pitch, they showcased their product which was pre maid shikanji masala for instant use.
All the sharks liked the taste of the product, but some were concerned about the originality of the brand because many local competitors claim to be Jain Shikanji but are not. This dispute among the sharks was later clarified by the founder, who asserted the originality of the brand.
Now let’s move on to the deal Jain Shikanji received in shark tank.
Jain Shikanji shark tank deal:
In Shark Tank India Season 1, the company received only one deal, which was a combined offer from sharks Aman Gupta, Vineeta Singh, Ashneer Grover, and Anupam Mittal. They collectively offered Rs 40 lakhs for a 30% equity stake in Jain Shikanji.
I’ll now provide you with a table containing all the information related to the deal, including the date, amount, round name, and valuation. At the end of the table, you’ll find the names of the investors who participated in the Shark Tank deal for Jain Shikanji.
| Date of the deal | Deal Amount | Round Name | Valuation | Investors participated in the deal |
|---|---|---|---|---|
| Feb 04, 2022 | $53.5K | Angel | Rs 1.33 Crore | Aman Gupta, Vineeta Singh, Ashneer Grover, Anupam Mittal |
Jain Shikanji shark tank Revenue:
During Shark Tank, the company was generating a revenue of 25 lakhs in the financial year 2020-2021. While this figure might appear low to some, considering the market conditions amid the COVID-19 pandemic, it was a commendable revenue.
Jain Shikanji Turnover:
Currently, Jain Shikanji is bubbling with success, operating at a turnover of Rs 1-3 crore for the last financial year 2023 that ended in March,2024.
But hold onto your glasses, because it’s not stopping there! With its refreshing flavors captivating more and more taste buds, Jain Shikanji is expected to double its turnover by the end of the financial year 2024-2025. Get ready for a double dose of satisfaction with every sip.
Table representing year on year turnover of Jain Shikanji:
| Financial Year | Turnover in Rupees |
| 2023-2024 | Rs 1-3 Crore |
| 2023-2022 | Rs 60 Lakhs-Rs 80 Lakhs |
| 2022-2021 | Rs 25 Lakh |
Now moving on to the next part of the blog in Jain Shikanji Company Profile where we will be focussing on the business model that Jain Shikanji is following to increase there sale and customer.
Jain Shikanji Business Model:
Currently, Jain Shikanji is following both B2C and B2B business models to sell their products and services to their customers.
Jain Shikanji B2B Business Model:
They are utilizing online marketplaces such as Amazon and Flipkart, alongside offline platforms like Big Basket. Additionally, they are transitioning towards a franchise model to distribute their products through B2B channels.
Jain Shikanji B2C Business Model:
They are leveraging their own offline stores to directly sell their products to customers using the B2C channel.
Now Lets move on to the last part of Jain Shikanji Company Profile where we will discuss the most asked query that readers want to know about Jain Shikanji that is the share price of the company.
Up until now, Jain Shikanji is not registered in the Indian share market. However, given the promising trajectory of the company, we can anticipate its debut in the share market within the next 10-15 years.
Now lets end this blog with the most asked FAQ question related to this topic.
FAQ Question:
When was Jain Shikanji founded?
Jain Shikanji was founded in the year 1957 and this company was relaunched in year 2017 by the current founder of Jain Shikanji named Anubhav Jain.
Where is Jain Shikanji located?
Jain Shikanji head quarters are located in Ghaziabad, India.
Did Jain Shikanji get an offer from Shark Tank?
Yes, Jain Shikanji received an offer from Shark Tank, where the proposal was for Rs 40 lakhs for a 30% equity stake in the company.
If you’re curious about the owner’s background in education and their journey before founding Jain Shikanji, I recommend visiting their LinkedIn profile. You’ll find valuable insights into their educational background, professional experience, and the path that led them to establish Jain Shikanji.
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