Lotte India Corporation

Lotte India Corporation Limited came into existence post the takeover of Parrys Confectionery from Murugappa Group in 2004. Lotte Confectionery, the parent company of Lotte India is part of the Korean conglomerate, Lotte Group. The company is a respectable player in the confectionery space with strong brands like Coffy Bite, Caramilk, Lacto King and Lotte Eclairs apart from BooProo and Spout gums. Coffy Bite, a power brand has a history of over 32 years existence. It enjoys cult status even today, courtesy the iconic “Is it a Coffee or a Toffee?...the argument continues” advertising. Founded by Mr. Shin Kyu-kho, the twin head quartered Lotte Group was first established in 1948 in Japan as a confectionery company. The second headquarter was established in 1967 in Korea. Over the years, the Group has successfully diversified into businesses ranging from F&B, Retail and Hospitality to Chemicals and Construction to Finance. The Group has now over 80 affiliates. Notwithstanding Korea, the group’s presence extends to India, China, Pakistan, Russia, Kazakhstan and Belgium along with South East Asia. Lotte Group aspires to be amongst the top 10 business groups in Asia.