Who owns Complan?
Complan is owned by Zydus Lifesciences (India, NSE: ZYDUSLIFE) through its subsidiary Zydus Wellness.[1]
Zydus Lifesciences owns 57.59% of Zydus Wellness rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Zydus Wellness Limited Integrated Annual Report 2025-26. Last checked .
Key facts
- Current owner
- Zydus Lifesciences Limited via Zydus Wellness reported
- Owner HQ
- 🇮🇳 India, Ahmedabad
- Origin
- 🇮🇳 India
- Category
- Beverages › Coffee, tea & hot drinks › Hot chocolate & malt drinks
- Parent ticker
- NSE: ZYDUSLIFE BSE: 532321
- Last verified
- · 1 sources
About Complan
Complan is a milk-based nutrition drink that Zydus Wellness calls a heritage brand of more than 80 years, acquired with Heinz India. It is sold as Complan for children, Complan NutriGro for toddlers aged two to six, and VieMax for adults. It held a 4.0% share of its roughly 65,750 million rupee category in 2025-26 and rose from fifth to fourth place.
Ownership timeline of Complan
- Current owner Zydus Lifesciences via Zydus Wellness [1] reported
Where Complan sits in Zydus Lifesciences
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Zydus Lifesciences ownership tree →
See the full Zydus Lifesciences brand portfolio (9) →
Other brands owned by Zydus Lifesciences
Zydus Lifesciences controls 9 brands on Brandtree, 2 of them in beverages.
Also in beverages
Other brands in hot chocolate & malt drinks, and who owns them
The 22 brands in hot chocolate & malt drinks on Brandtree belong to 16 owners. The largest is CasaLuker, with 4.
| Brand | Owner | Owner based in |
|---|---|---|
| Chocolatada | CasaLuker | 🇨🇴 Colombia |
| Milo | Nestlé | 🇨🇭 Switzerland |
| Malta Balashi | Balashi Brewery | 🇦🇼 Aruba |
| Malta India | Cervecera de Puerto Rico | 🇵🇷 Puerto Rico |
| Toddy | Empresas Polar | 🇻🇪 Venezuela |
| Coco Crush | Flour Mills of Nigeria | 🇳🇬 Nigeria |
| Malta Rica | Grupo Rica | 🇩🇴 Dominican Republic |
| Malta H | Heineken | 🇳🇱 Netherlands |
About the owner: Zydus Lifesciences
Zydus Lifesciences is a publicly listed company headquartered in Ahmedabad, India. Brandtree records 9 brands under its control, and it is listed as NSE: ZYDUSLIFE and BSE: 532321.
Zydus Lifesciences Limited is an Indian company incorporated in 1995 whose registered office is at Zydus Corporate Park, Khoraj (Gandhinagar), Sarkhej-Gandhinagar Highway, Ahmedabad. Its business responsibility and sustainability report for 2025-26, dated 10 July 2026, gives its main activities as pharmaceuticals (82.56% of turnover), consumer wellness (14.56%) and medical devices (2.88%). Zydus Wellness's 2025-26 integrated annual report names Zydus Lifesciences as its holding company with 183,237,545 equity shares, or 57.59%, and records the Zydus Family Trust as the entity having control over Zydus Lifesciences.
Zydus Lifesciences: full profile, brands and acquisition history →
🇮🇳 Complan and other Indian brands
Brandtree records a controlling owner for 288 brands that began in India. 9 of them (3%) are now controlled by a company headquartered in another country; Complan is not one of them.
Frequently asked questions
Who is the parent company of Complan?
The parent company of Complan is Zydus Lifesciences, a publicly listed company headquartered in India. Complan sits under Zydus Lifesciences' subsidiary Zydus Wellness.
Is Complan Indian?
Yes. Complan originated in India and its owner, Zydus Lifesciences, is also headquartered in India.
Is Complan still owned by Zydus Lifesciences?
Yes. As of 16 September 2026, Complan is still owned by Zydus Lifesciences. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Zydus Wellness Limited Integrated Annual Report 2025-26 — Zydus Wellness Limited, Annual report; retrieved 16 September 2026.
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