Rollick Ice Cream resolves stock dispute amid operational challenges
1 report, 1 independent
Updated Fri 00:00
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What happened
Rollick Ice Cream's CEO, Gaurav Khemani, resolved a dispute with a landlord who had withheld company stock. Khemani paid to settle the disagreement and successfully recovered the goods. This incident occurred during a challenging period for the business, when turnover dropped from Rs. 80 crore in 2019 to Rs. 35 crore in 2020.
From livemint.com
Why it matters
The company, which operates in eastern India, has experienced significant operational volatility. Khemani took over the Kolkata-based business in 2014, and his prior experience managing a business in Dubai and his education at INSEAD informed his later efforts to expand the customer base and improve operations.
From livemint.com