Company Overview: Candytoy Corporate is a leading manufacturer of plastic promotional toys and confectionery products.
Investment Announcement: The company will invest ₹100 crore to expand its manufacturing capacity.
Location of Expansion:
The expansion will take place in Indore, Madhya Pradesh.
New Facilities: Candytoy will establish three new manufacturing units in Indore.
Total Area:
The new facilities will cover a combined area of 500,000 sq ft.
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Employment Generation:
The project is expected to create around 1,000 new jobs in the region.
Strategic Vision: Director Gaurav Mirchandani stated the company’s goal to make Indore a global hub for Candytoy manufacturing.
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Recent Funding: The company had earlier raised ₹110 crore in a Series A funding round in November of the previous year.
Product Portfolio: Candytoy specializes in candy toys, plastic promotional toys, and confectionery items.
Global Presence: The company exports its products to multiple international markets including Europe, the US, Africa, Turkey, and the Middle East.
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