Restaurant India News: Magnum Ice Cream Company to Set Up Rs 900 Crore GCC in Pune

The Magnum Ice Cream Company is expanding its operations in India with plans to establish a Rs 900 crore Global Capability Centre (GCC) in Pune and a regional headquarters in Mumbai, even as its India business reported substantial losses following its separation from Hindustan Unilever.

Kwality Wall’s (India) Limited, the company’s India entity, reported a net loss of Rs 368.8 crore for the 14-and-a-half-month period ending March 31, 2026, according to audited financial statements filed with stock exchanges. Despite the losses, the company is continuing to strengthen its India presence as part of its broader global operations strategy.

Maharashtra Chief Minister Devendra Fadnavis recently met Magnum CEO Peter ter Kulve in Mumbai to review commitments made under a Memorandum of Understanding signed during the India Global Forum NXT25 Summit in April 2025.

Under the agreement, Mumbai will function as the regional headquarters for Magnum’s Middle East, Turkey and South Asia business operations, while the Pune-based GCC is expected to generate more than 500 direct jobs by 2029.

The Pune centre will support the company’s global operations across information technology, supply chain management, finance, human resources and data analytics. Abhishek Mendiratta, who was appointed Director and GCC Centre Head in December 2025, is expected to lead enterprise delivery and operational transformation initiatives.

The expansion follows the restructuring of Unilever’s global ice cream business into a standalone company. The Magnum Ice Cream Company completed the acquisition of a 61.9 percent stake in Kwality Wall’s (India) Limited from Unilever on March 31, 2026, after signing a share purchase agreement in June 2025.

The company has also launched a mandatory open offer to acquire an additional 26 percent stake from public shareholders at Rs 21.33 per share. Kwality Wall’s reported revenue from operations of Rs 2,200 crore during the reporting period. The losses were linked to transition-related costs, exceptional items including asset impairments, and higher commodity prices, particularly cocoa costs.

The company also said that sales through quick-commerce platforms recorded strong double-digit growth, supporting premium product sales and expanding consumption opportunities across urban markets.