Candytoy

Candytoy Corporate (CTC) is an Indore-based industry leader and the world’s largest manufacturer of promotional toys. Founded in 2019 by Gaurav Mirchandani, the company has transformed from a small operation with five machines into a global manufacturing powerhouse.

Key Highlights

• Scale & Production: Operates over 250 injection molding machines with a massive daily production capacity of 10.5 million toys.
• Brands: Home to SM Toys (promotional plastic toys) and Hoppin’ Candytoy (confectionery paired with interactive toys).
• Global Footprint: Exports to 40+ countries and partners with major brands like Colgate, Puma, Vistara, and Reliance Retail.
• Mission: A champion of the "Make in India" initiative, focusing on high-quality, child-safe materials (PVC-free, food-grade) and rural employment.
• Workforce: Employs over 2,000 people, with a significant 70% female workforce, driving their mission of women’s empowerment.
• Recent Success: Secured ₹110 crore ($13M) in Series A funding (late 2024) to expand manufacturing units and global distribution.