Real Milkshakes is the more Indian-owned choice
Real Milkshakes scores 84/100 vs Horlicks at 44/100 on ownership — and it's Indian-owned.
84
Real Milkshakes
44
Horlicks
Brand Comparison
Real Milkshakes vs Horlicks
Quantify ownership structure, origin, and control signals in one view.
Derived from documented disclosures and scored consistently.
Indian-owned profile
Real Milkshakes
India ownership score: 84/100
Foreign-owned profile
Horlicks
India ownership score: 44/100
Comparison Fit
These brands map as direct alternatives within Health Drinks.
Profile match: segment:health drinks
Ownership Insight
Real Milkshakes is Indian-owned. Horlicks is owned by Hindustan Unilever, headquartered in United Kingdom.
Score Breakdown
Equity ownership
Real Milkshakes: 66.7%
Horlicks: 38.1%
Manufacturing presence
Real Milkshakes: 95%
Horlicks: 90%
Revenue retention
Real Milkshakes: 0%
Horlicks: 88%
Strategic control
Real Milkshakes: 100%
Horlicks: 0%
Side-by-side Details
| Feature | Real Milkshakes | Horlicks |
|---|---|---|
| Country of origin | India | India |
| Headquarters | Kolkata, West Bengal | Mumbai, India |
| Founded | 1960 | 1873 |
| Parent company | Dabur India Ltd | Hindustan Unilever |
| Parent company country | India | United Kingdom |
| Manufacturing in India | 95% | 90% |
| Revenue retained in India | 0% | 88% |
| Ownership type | Indian Public Company | Indian listed company with foreign promoter control |
| Strategic control | India | United Kingdom |
More comparisons in Health Drinks
Indian Competitors
Foreign Competitors
Frequently Asked Questions
Which is more Indian — Horlicks or Real Milkshakes?
Real Milkshakes is more Indian with a score of 84/100 vs Horlicks's 44/100.
Is Horlicks Indian-owned?
Horlicks is foreign-controlled with an Indian ownership score of 44/100, owned by Unilever PLC (United Kingdom).
Is Real Milkshakes Indian-owned?
Real Milkshakes is Indian-owned with an Indian ownership score of 84/100.
Who owns Horlicks?
Horlicks is owned by Unilever PLC (United Kingdom).
Who owns Real Milkshakes?
Real Milkshakes is owned by Dabur India Ltd (India).