Havmor Franchise
Ahmedabad ice cream maker owned by Lotte since 2017; franchise page is an enquiry form with no terms; locator lists 413 entries, mostly Havfunn parlours.
We couldn't confirm Havmor is taking franchisees right now
Treat this as research, not an open offer, until the brand confirms its programme in writing. See the note below.
About This Listing
Havmor's franchise page is an enquiry form headed 'the first step in joining the havmor franchising family'. It publishes no investment, fee, royalty, area, agreement term or training terms. The form's 'Proposed Investment' choices (Rs 5,000-1,00,000 up to Rs 40,00,000+) are enquiry options, not prices. We cannot confirm from the page whether new parlour franchisees are being signed today or on what terms.
Source: Havmor franchise page
Havmor franchise at a glance (terms checked Oct 2026)
Investment
Rs 7.5-10 lakh*
Reported by Outlook Business, Nov 2012
Ongoing take
6% of revenue (eateries, not ice cream parlours)*
Franchise fee
Not published
Payback
One to two years*
* Not verified — the brand doesn't publish this; the figure comes from other published sources or FranchiseChuno's estimate (see "Reported elsewhere" and "Our estimates" below). Real numbers can differ.
- Disputes with franchisees: None found (records checked Oct 2026)
- Revenue trend: +73% revenue FY20→FY24
- Outlets we could verify: 413 outlets on the brand's own store locator
Franchisor strength isn't franchisee profit — check real outlet numbers.
Outlets
413 verified
Brand claims 250
What we couldn't verify
- • Outlet closures
- • Franchisee satisfaction
- • Profit or loss
- • Company standing
Ask before you sign
- Get written confirmation that Havmor is taking franchisees at all before paying anything — see the note at the top of this page.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
- Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
Franchise terms checked against Havmor's franchise enquiry page on 25 Oct 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.
Ways to Partner with Havmor
1 partner model published by the brand. Figures it doesn't publish are left blank.
Havfunn parlour franchise
- Royalty / margin
- Not published
- Territory
- Not stated
- Who it suits
- Enquiry form asks state, city, property (owned, lease or rented) and a proposed investment option
No investment, fee, royalty or area terms are published. Outlook Business (Nov 2012) reported a parlour setup cost of Rs 7.5-10 lakh and a Havfunn eatery cost of Rs 35-40 lakh, with ice cream bought from the company at cost.
Reported Elsewhere
Not verifiedHavmor doesn't publish these figures. Other sources have reported them, so they're here to give you a rough idea only. They may be out of date or wrong, and the real numbers can differ a lot — get them from the brand in writing before you decide.
- Ice cream parlour setup costReported by Outlook Business, Nov 2012 · 14 years old; Havmor publishes no current figure and has changed owner since.
- Rs 7.5-10 lakh*
- Havfunn eatery setup costReported by Outlook Business, Nov 2012 · Eatery format, larger than a parlour; dated.
- Rs 35-40 lakh*
- Royalty on eateriesReported by Outlook Business, Nov 2012 · The article says franchisees buy ice cream from Havmor 'at cost'. Dated; no current royalty published.
- 6% of revenue (eateries, not ice cream parlours)*
- Havmor revenue for FY12Reported by Outlook Business, Nov 2012 · Company level, then family-owned.
- Rs 230 crore (about Rs 190 crore ice cream, Rs 40 crore restaurants)*
- Time to break even, parlourReported by Outlook Business, Nov 2012 · As reported for an ice cream parlour; 14 years old, not verified.
- One to two years*
- Time to break even, Havfunn eateryReported by Outlook Business, Nov 2012 · As reported; 14 years old, not verified.
- Two to three years*
Reputation & News
What the press, courts and real franchisees or customers have said about Havmor — summarised by us, with every source linked.
- In the news· 6 Jan 2021
CARE Ratings: A+ (Stable), losses in H1 FY21 (Jan 2021)
CARE reaffirmed CARE A+ (Stable) on Rs 30 crore of bank facilities, citing Lotte parentage, a strong Gujarat presence and 521 distributors. It also noted H1 FY21 losses (loss before tax Rs 11.63 crore) when lockdown hit the summer season, plus raw-material price swings, seasonality and competition. The rating may have changed since.
Source: CARE Ratings - In the news· 30 Jul 2024
Lotte Wellfood to merge Lotte India and Havmor (Jul 2024)
Reported that Lotte India would absorb Havmor, with a combined sales target of 1 trillion won; Havmor's 2023 sales were reported as 165.6 billion won and Lotte India's as 103.4 billion won.
Source: Maeil Business Newspaper (via Daum News)
Legal & Contract Summary
Key contract terms at a glance — read before you sign.
Agreement Type
Not specifiedContract Duration
—Renewal Available
—Territory Exclusivity
—Non-Compete Clause
—Exit Clause
—Who Can Apply for Havmor
Conditions the brand sets for partners, and the licences the business needs.
- Premises: Enquiry form asks whether the property is owned, leased or rented; no rule is publishedPreferred
About the Brand
Brand USP
Gujarat-origin ice cream maker (since 1944) owned by Lotte, selling through Havfunn parlours and a large retail and distributor network.
Why invest in Havmor?
Havmor by the Numbers
Source marked on each figure72,000 (claim)
Retail outlets selling Havmor · 26 Oct 2026
Brand claim250+ (claim)
Flagship stores · 26 Oct 2026
Brand claim413
Store locator entries · 26 Oct 2026
Store locatorRs 1,036.39 crore; net worth Rs 399.99 crore
FY24 turnover (Havmor Ice Cream Pvt Ltd) · FY24
Company filing521 distributors and 39,840+ retailers
Distribution network in Oct 2020 · 31 Oct 2020
IndependentHavmor Outlet Network
By format · 26 Oct 2026
- Havfunn parlour entries384
- Other named entries (distributor or outlet names)15
- Havmor Restaurant entries14
Cities with Outlets
Show all 32 citiesHide the city list
Company Financials
Brand-level, publicly reportedThe franchisor's own company health — separate from what a single franchise outlet earns.
Revenue (FY24)
₹1036.39 Cr
Source: Havmor Ice Cream Pvt Ltd's Form MGT-7 for FY2023-24 (turnover as defined in the Companies Act; net worth Rs 399.99 crore). Whole company (ice cream manufacturing and restaurants), not a single parlour. Net profit is not in that form.
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Health Check
What Havmor's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.
- Last AGM
- 30 Sep 2024
- Paid-up capital
- ₹10 Cr
- Brand trademark
- Not checked on IP India.
Group companies
- Lotte Wellfood Co. Ltd.Holding company · 99.99%
- Lotte India Corporation Private LimitedGroup company
Source: Havmor's FY2024 MGT-7 annual return (company site); CARE Ratings press release 6 Jan 2021. Penalty/punishment section of the MGT-7: Nil. No MCA master data or newer rating could be read. (checked Oct 2026)
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
Havmor Financials Over Time
Figures for the brand, from filed or reported accounts.
Source: CARE Ratings press release, 6 Jan 2021 (total operating income and PAT, Havmor Ice Cream Pvt Ltd) · Havmor Ice Cream Pvt Ltd Form MGT-7 FY2023-24: turnover only, net profit not given
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Profile
The legal entity behind the brand, its leadership, and its official channels.
- Registered name
- Havmor Ice Cream Private Limited
- Company type
- Private limited company (unlisted)
- CIN
- U15200GJ2006PTC048016
- Incorporated
- 27 Mar 2006
- Headquarters
- Ahmedabad, Gujarat
Leadership
- KKomal AnandManaging Director (as of 31 Mar 2024, per the company's annual return)
Social presence
Company details source: Havmor's own site publishes its Form MGT-7 annual return for FY2023-24 (filed with the company registrar): name Havmor Ice Cream Private Limited, CIN, incorporation date, holding company Lotte Wellfood Co. Ltd. (99.99%), paid-up capital, AGM date, turnover and net worth. The site's footer now names Lotte India Corporation Private Limited; a July 2024 board decision to merge Havmor into Lotte India was reported, and we could not confirm the court order or the registrar status of the Havmor company after the merger.
Havmor Timeline
1944
Havmor starts
Per its About page.
2006-03
Havmor Ice Cream Private Limited incorporated
2017-12
Lotte Confectionery acquires Havmor from the Chona family
Per CARE Ratings (Jan 2021).
Source2024-07
Board approvals to merge Havmor into Lotte India announced
Lotte Wellfood announced on 30 Jul 2024 that Lotte India would absorb Havmor, with an integrated entity targeted for early 2025 and a sales target of 1 trillion won. Reported by Maeil Business Newspaper via Daum News; completion not confirmed from a primary source.
Source
FranchiseChuno Analysis
Our analysis of verified dataHow Havmor looks once the numbers are checked side by side.
- ✓Brand operating for 82 yearsFounded in 1944. The brand doesn't state when franchising began.
- ✓Outlet claim matches its store locator413 outlets on its own store locator (26 Oct 2026: re-read and re-counted from the store locator page, which lists every entry twice (826 rows): 413 unique entries, of which 384 are 'Havfunn' parlours, 14 'Havmor Restaurant' entries and 15 others (distributor or outlet names). One of the 15 (Yellow Petals, Thane West) shows only a phone number and no address. A few entries may be the same shop typed twice, and we did not check whether each is open.), in line with the 250 it claims.
Data completeness
55%
- ✓ Terms checked against the brand's own page
- ✓ Published investment (not an estimate)
- â—‹ Franchise fee
- â—‹ Royalty
- â—‹ ROI or payback claim
- â—‹ Agreement term
- â—‹ Training details
- ✓ Outlet cities verified
- ✓ Company financials
- ✓ Legal entity
- ✓ News & public opinion checked
Ask Before You Sign
Questions tailored to what Havmor does and doesn't publish.
- 1Get written confirmation that Havmor is taking franchisees at all before paying anything — see the note at the top of this page.
- 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
- 4Ask for the agreement term, renewal fee and exit or transfer terms.
- 5Ask whether you get an exclusive territory, and how large it is.
- 6Have a lawyer review the franchise agreement before paying anything.
- 7Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShowHide
Operations Required
What you'll need on the ground to run this franchise day-to-day.
Area Required
—
Staff Needed
—
Setup Time
—
Owner Involvement
—
Best Locations
Not published
Business Type
Not published
From First Call to Launch
Havmor's onboarding process, step by step.
- 1
Submit the franchise enquiry form
Name, contact, state and city, property status (owned, leased or rented) and proposed investment.
Training & Support
What the brand provides to help you launch and run your franchise.
Operations Manual
Step-by-step playbook for running the outlet
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
What Havmor franchisees say
We haven't yet heard from enough Havmor franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.
I run a Havmor outlet — share how it went
