In the early 1990s, the Indian toy company Funskool acquired molds from Hasbro and produced their own G.I.Joe figures. These toys have sold well in India, and Funskool has even exported some of them to other countries (like Egypt).
Because Funskool produces and manufactures the figures themselves, most Funskool figures have minor variants and differences, especially with coloring and accessories. A few are intentionally different than their U.S. counterparts and are exclusive only to India - such as the strange and unusual Superhero. Some of these variations are slight in that an upper or lower arm is different.
Funskool has also been known to produce figures in limited runs for other companies in India such as Nestle and Pepsodent. While the Nestle deal fell through, the figures produced for this partnership were used and form the bulk of the "random" figures that come packaged in their vehicles. This is why early vehicles do not have figures, while newer vehicles do have them. These figures are of lower quality than their carded counter parts, have no accessories, and oftentimes have fewer or different painted colors.
Funskool reproduced their own versions of the card art. While early Funskool figures were made of slightly cheaper plastic, more recent Funskool figures have been made of better plastic. The card stock is much thinner than U.S. versions, so the cards tend to warp and bend easily.
As of 2002, Funskool was still producing G.I.Joe figures.
Note: There have been unproven warnings that Funskool figures have lead-based paints, but there has been no solid proof of this.
Funskool denies that their figures have lead paints. They state emphatically that, "All the toys produced by us are to international standards and are absolutely safe for children." Funskool also reminds us that the packaging clearly states that they are not intended for children under 5.