Kapoor Icecream was started in 1936 by Late Mr. Navrattaram Vasudev Kapoor. He himself was very fond of sweets,so he started the manufacturing of kulfis. He started this in a small room where handmade kulfis were made. He had his retail outlet at Girgaun Chowpatty known as "Punjab Kulfi" later the name changed to "Kapoor Kulfi" and now the manufacturing unit is called "Kapoor Ice Cream".

With the need of the hour in 1960, he set up a manufacturing unit at 75D, Sonapur Lane, Chandanwadi, Marine Lines, Mumbai-400002. As people started loving the taste the demand was on the rise as the quality and taste of kulfi was incomparable.

As the business was fast-growing, he wanted his son to join in the business and so his son, Mr. Anil Navrattaram Kapoor joined the factory. And since then Mr. Anil Navrattaram Kapoor and his older son, Mr. Rishi Anil Kapoor are running the business where they have reached to another level by exploring all over india to hotels, caterers, and giving franchises thereby maintaining the product's quality and taste.