Paper Boat is the more Indian-owned choice
Paper Boat scores 90/100 vs Thums Up at 23/100 on ownership — and it's Indian-owned.
90
Paper Boat
23
Thums Up
Brand Comparison
Paper Boat vs Thums Up
Quantify ownership structure, origin, and control signals in one view.
Derived from documented disclosures and scored consistently.
Indian-owned profile
Paper Boat
India ownership score: 90/100
Foreign-owned profile
Thums Up
India ownership score: 23/100
Comparison Fit
These brands share a broad segment and should be interpreted as a wider comparison.
Profile match: broad segment
Ownership Insight
Paper Boat is Indian-owned. Thums Up is owned by Coca-Cola India, headquartered in United States.
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Score Breakdown
Equity ownership
Paper Boat: 60%
Thums Up: 0%
Manufacturing presence
Paper Boat: 80%
Thums Up: 80%
Revenue retention
Paper Boat: 80%
Thums Up: 30%
Strategic control
Paper Boat: 100%
Thums Up: 0%
Side-by-side Details
| Feature | Paper Boat | Thums Up |
|---|---|---|
| Country of origin | India | India |
| Headquarters | Unavailable | Atlanta, Georgia |
| Founded | 2013 | 1977 |
| Parent company | Hector Beverages Pvt Ltd | Coca-Cola India |
| Parent company country | India | United States |
| Manufacturing in India | 80% | 80% |
| Revenue retained in India | 80% | 30% |
| Ownership type | Indian | Foreign Subsidiary |
| Strategic control | India | United States |
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Frequently Asked Questions
Which is more Indian — Thums Up or Paper Boat?
Paper Boat is more Indian with a score of 90/100 vs Thums Up's 23/100.
Is Thums Up Indian-owned?
Thums Up is foreign-controlled with an Indian ownership score of 23/100, owned by Coca-Cola India (United States).
Is Paper Boat Indian-owned?
Paper Boat is Indian-owned with an Indian ownership score of 90/100.
Who owns Thums Up?
Thums Up is owned by Coca-Cola India (United States).
Who owns Paper Boat?
Paper Boat is owned by Hector Beverages (India).