Lykis Limited: Company Profile

Background

Overview

Lykis Limited, established on October 15, 1984, is a prominent Indian company specializing in the export and manufacturing of Fast-Moving Consumer Goods (FMCG), cosmetics, and raw/packaging materials. The company is listed on the Bombay Stock Exchange under the ticker symbol 530689.

Mission and Vision

Mission: To serve and empower communities to live a better life.

Vision: To be one of the leading 3 Star FMCG Export Houses in India by 2026 with a strong global presence.

Primary Area of Focus

Lykis Limited operates across several segments, including:

Personal Care: Skin care, hair care, oral care, soaps, fragrances, and baby care products.

Home Care: Cleaning products, air fresheners, and other household items.

Food & Beverages: Biscuits, cookies, confectionery, and beverages.

Raw Materials and Packaging Materials: Supplying essential inputs for FMCG and cosmetics manufacturing.

Industry Significance

With a diverse product portfolio and a presence in over 50 countries, Lykis Limited has established itself as a significant player in the FMCG and cosmetics export sector. The company's commitment to quality and innovation has earned it recognition as a Three-Star Export House by the Government of India.

Key Strategic Focus

Core Objectives

Global Expansion: Enhancing international market presence by entering new geographic regions and tailoring product offerings to meet regional demands.

Product Diversification: Expanding the product range to include premium cosmetics, personal care, and healthcare products.

Innovation and Quality: Investing in research and development to introduce innovative products that meet international standards.

Specific Areas of Specialization

Private Labeling: Providing end-to-end solutions for private labeling, assisting clients in launching their own branded products.

Manufacturing Support: Offering comprehensive manufacturing services, including sourcing, production, and packaging.

Key Technologies Utilized

Research and Development: Utilizing advanced R&D facilities to develop products that align with current market trends and consumer preferences.

Quality Control: Implementing stringent quality assurance processes to ensure products meet international standards.

Primary Markets Targeted

Lykis Limited exports its products to over 50 countries, including regions in Africa, the USA, the UK, Russia, Georgia, and the Middle East.

Financials and Funding

Funding History

Lykis Limited was incorporated with an authorized capital of ₹20.00 crore and a paid-up capital of ₹19.38 crore. The company has been listed on the Bombay Stock Exchange since 1995, providing access to public capital markets.

Recent Financial Performance

Revenue: In the financial year 2024–2025, Lykis Limited reported a turnover of ₹30,141.08 lakh.

Net Worth: As of 2025, the company's net worth stood at ₹32.68 crore.

Notable Investors

Specific details about individual investors are not publicly disclosed.

Utilization of Capital

The capital raised has been utilized for:

Expansion: Entering new markets and increasing production capacity.

Product Development: Investing in R&D to innovate and diversify the product portfolio.

Infrastructure: Enhancing manufacturing facilities and quality control systems.

Pipeline Development

Key Pipeline Candidates

Lykis Limited is focusing on developing:

Premium Cosmetics: Introducing high-quality skincare and personal care products under the H&H brand.

Health and Wellbeing Products: Expanding the range of health-focused FMCG items.

Stages of Development

The company is in the product development and market introduction stages for these new offerings.

Target Conditions

The new product lines aim to address consumer needs in personal care, health, and wellness sectors.

Anticipated Milestones

Product Launches: Scheduled for the upcoming fiscal year, with initial market entries planned in select international markets.

Technological Platform and Innovation

Proprietary Technologies

Formulation Techniques: Developing unique formulations for skincare and personal care products.

Packaging Innovations: Implementing sustainable and user-friendly packaging solutions.

Significant Scientific Methods

Consumer Research: Conducting extensive market research to understand consumer preferences and trends.

Quality Assurance Protocols: Adhering to Good Manufacturing Practices (GMP) and international quality standards.

Leadership Team

Key Executives

Nadir Dhrolia: Managing Director. With over 16 years of experience, Mr. Dhrolia has been instrumental in expanding Lykis Limited's operations into new markets and product segments.

Shrigopal Kandoi: Chief Financial Officer. Appointed in November 2020, Mr. Kandoi oversees the company's financial strategy and operations.

Leadership Changes

In August 2025, Deep Vikas Shah and Mitesh Shivkumar Agrawal were appointed as Additional Directors, bringing fresh perspectives to the board.

Competitor Profile

Market Insights and Dynamics

The FMCG and cosmetics export market is highly competitive, with numerous players vying for market share. Lykis Limited's focus on quality, innovation, and global expansion positions it favorably in this dynamic landscape.

Competitor Analysis

Key competitors include:

Hindustan Unilever: A leading FMCG company with a diverse product portfolio.

ITC Limited: Engaged in FMCG, hospitality, and paperboards.

Dabur India: Specializes in consumer goods and healthcare products.

Nestlé India: A major player in the food and beverages sector.

Strategic Collaborations and Partnerships

Lykis Limited has established partnerships with various international organizations, enhancing its global reach and operational capabilities.

Operational Insights

The company's extensive distribution network and commitment to quality provide a competitive edge in the global market.

Strategic Opportunities and Future Directions

Strategic Roadmap

Market Penetration: Strengthening presence in existing markets and exploring new regions.

Product Innovation: Continuing to develop and introduce new products that meet evolving consumer needs.

Sustainability Initiatives: Implementing eco-friendly practices in manufacturing and packaging.

Future Business Directions

Lykis Limited aims to become a leading global FMCG exporter by focusing on quality, innovation, and customer satisfaction.

Opportunities for Expansion

The company is exploring opportunities in emerging markets and expanding its product lines to include premium and health-focused products.

Positioning for Future Objectives

Lykis Limited's strong brand portfolio, commitment to quality, and strategic partnerships position it well to achieve its future objectives.