About the Company
Gopal’s 56 is a renowned Indian brand specializing in pure vegetarian, oil-free ice creams infused with Ayurvedic ingredients. Established in 1983 by the late Shri Dinesh Chand Goyal and Smt. Rajni Devi Goyal, the company is headquartered in New Delhi, India. Over the years, Gopal’s 56 has expanded its presence, serving a diverse clientele that includes retail consumers, restaurants, educational institutions, and even the Air Force and embassies. The brand is celebrated for its commitment to quality, offering flavors that incorporate natural ingredients like ashwagandha, tulsi, curcumin, and brahmi.
Business Model
Gopal’s 56 operates through the following key business segments:
a) Retail and Franchise Operations
- Description: Operates multiple outlets across New Delhi, offering a wide range of ice cream flavors and related products. The company is actively expanding through state-wise master franchise agreements to increase its national footprint. citeturn0search9
- Key Clients and Markets: Caters to individual consumers, families, and tourists seeking high-quality, health-focused desserts.
b) Institutional Supply
- Description: Provides bulk orders to institutions such as schools, colleges, the Air Force, and embassies, ensuring a steady demand for their products. citeturn0search7
- Revenue Contribution: Institutional clients contribute significantly to the company’s annual revenue.
c) Health-Focused Product Line
- Description: Develops and markets ice creams infused with Ayurvedic ingredients, appealing to health-conscious consumers. Flavors include ashwagandha, tulsi, curcumin, and brahmi. citeturn0search4
- Competitive Advantage: Differentiates itself by offering unique, health-benefiting flavors not commonly found in the market.
Challenges Addressed
Gopal’s 56 addresses several challenges in the traditional ice cream market:
- Health Concerns: Many consumers are wary of artificial additives and high sugar content in conventional ice creams.
- Dietary Restrictions: The demand for pure vegetarian and oil-free dessert options is on the rise.
- Desire for Functional Foods: There’s a growing interest in foods that offer health benefits beyond basic nutrition.
By offering natural, additive-free ice creams with Ayurvedic ingredients, Gopal’s 56 meets these consumer needs, promoting a healthier lifestyle.
Key Financial Numbers
- Annual Revenue: Approximately ₹80 crore as of 2021.
- Profit Margin: Around 20%, translating to a profit of approximately ₹16 crore annually.
- Company Valuation: Estimated at ₹1,200 crore as of 2021.
- Shark Tank India Pitch: In 2021, Gopal’s 56 sought an investment of ₹300 crore for a 25% equity stake, valuing the company at ₹1,200 crore.
About the Founder
Dr. Gaurav Goyal – Managing Director
- Education: Holds a Doctorate in Business Management and a Bachelor of Business Administration (B.B.A.).
- Professional Background: Joined Gopal’s 56 in 2001, working alongside his father, the late Shri Dinesh Chand Goyal. Assumed leadership as Managing Director in 2006 after his father’s passing. Under his guidance, the company has diversified its product range and expanded its market presence.
- Role in Company: Oversees strategic planning, product development, and expansion initiatives, with a focus on integrating health benefits into traditional dessert offerings.