Indore-based leading candy toys manufacturers Candytoy Corporate (CTC) have entered into a partnership with Reliance Retail to supply confectionery toys for 1,400 Reliance Retail stores, said a top company official.

Candytoy Corporate has partnered with Reliance Retail to supply confectionery toys to 1,400 stores by the end of this financial year. The company expects a monthly run rate of Rs two crore from 200 stores,

Candytoy Corporate has partnered with Reliance Retail to supply confectionery toys for 1,400 stores. The agreement could generate Rs 4-4.5 crore monthly by the end of the fiscal year. CTC expects to close this fiscal between Rs 260-280 crore and plans to explore an IPO in the next 2-3 years.

Candytoy plans to divest around 10 per cent of equity to fund its future expansion plans, and mulling an IPO in the next 2-3 years.