About Independence Brewing Company Private Limited
Data last updated:
Independence Brewing Company Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Miadiamante Breweries Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 19 July 2011.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U15500PN2011PTC153140. Its GSTIN is 27AACCI8035L1ZA (Maharashtra).
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was led by directors Krishen Lal Khanna and Vipin Narayanrao Ghate.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Tin Shed No. 06 Abro Enterprises Compound S.No. 51/3B/1 Wadgaon Sheri, Pune, Maharashtra, India – 411014.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.15 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹2.27 Cr (net margin -71.9%) and EBITDA of -₹85.59 Lakh (EBITDA margin -27.2%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 25% over five years.
The company had about 12 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Independence Brewing Company. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 9 deals on record (6 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.89 Cr; the latest was in May 2021. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 72 overdue payments to 11 micro and small suppliers.
The last known website on record is independencebrewco.com.
Company details
CIN history
Independence Brewing Company has one previous CIN (Corporate Identification Number): U15500AP2011PTC075575. The current CIN is U15500PN2011PTC153140, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15500PN2011PTC153140 | Current |
| U15500AP2011PTC075575 | Previous |
Contact details
Independence Brewing Company Private Limited's registered office is in Pune, Maharashtra. Its website is independencebrewco.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTin Shed No. 06 Abro Enterprises Compound S.No. 51/3B/1 Wadgaon Sheri, Pune, Maharashtra, India – 411014
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Independence Brewing Company Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Independence Brewing Company operates one associated brand: Independence Brewing Company. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Casual dining chain with food and liquor services is operated. | independencebrewco.com |
Business activity
The main business activity of Independence Brewing Company is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Independence Brewing Company Private Limited, buy the company report.
Financials of Independence Brewing Company Private Limited
FY 2024 filings availableIndependence Brewing Company Private Limited reported revenue of ₹3.15 Cr (down 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 23% fall in the latest year. EBITDA fell 336% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹85.59 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.27 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27.2% | ||||
| Net Profit Margin | -71.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Independence Brewing Company Private Limited, buy the company report.
Board of directors of Independence Brewing Company Private Limited
Independence Brewing Company has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishen Lal Khanna Also directs: Miadiamante Breweries Private Limited, Advance Welding India Private Limited, Trenton Investments Company Pvt Ltd and 2 more | Director | 01 Jul 2020 | 6 Years 4 Months | As last reported |
| Vipin Narayanrao Ghate Also directs: Miadiamante Breweries Private Limited, Amalgamated Breweries Private Limited, Indteleco Impex & Trading LLP and 4 more | Director | 06 Jul 2020 | 6 Years 4 Months | As last reported |
Auditor
Independence Brewing Company Private Limited is audited by DKV and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DKV and Associates | FY 2023 | 128192W |
Shareholding
The shareholding of Independence Brewing Company Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Independence Brewing Company Private Limited, buy the company report.
Deals & funding
Independence Brewing Company Private Limited has 9 deals on record (6 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.89 Cr; the latest was in May 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2021 | Secondary share transfer | Undisclosed | Buyer: Miadiamante Breweries Private Limited Seller: Miadiamante Foods and Beverages Private Limited |
| Dec 2020 | Rights issue | ₹75.7 Lakh | Investors: Miadiamante Foods and Beverages Private Limited |
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: Miadiamante Foods and Beverages Private Limited , Miadiamante Foods And Beverages Private Limited & Anirudh Khanna Seller: 4 individuals |
| Oct 2015 | Funding round | ₹2.23 Cr | Investors: Indus Brew LLC |
| Sep 2015 | Funding round | ₹37.9 Lakh | Investors: Indus Brew LLC |
To see the full deal history of Independence Brewing Company Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Independence Brewing Company Private Limited has 3 court cases on record: 3 filed by Independence Brewing Company. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against The Pune Municipal Corporation | Pending |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against an individual | Disposed |
To see the full case history of Independence Brewing Company Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Independence Brewing Company Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 72 overdue payments to 11 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Unicus Risk Advisors LLP | |||
| DKV and Associates | |||
| Lara Care Services Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Independence Brewing Company Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Independence Brewing Company Private Limited has a workforce of 12 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Independence Brewing Company has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI8035L1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Independence Brewing Company Private Limited, buy the company report.
Recent activity
Independence Brewing Company Private Limited has 10 board changes on record since 2011: 6 appointments and 4 cessations. The latest: Shailendra Bist ceased to be Director on 30 Sep 2023.
1 earlier event is in the company report.
News
Frequently asked questions
Independence Brewing Company has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Independence Brewing Company was a private limited company based in Pune, Maharashtra, India. The company worked in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 19 July 2011 and is registered under CIN U15500PN2011PTC153140. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Independence Brewing Company was incorporated on 19 July 2011. It is registered with the Registrar of Companies, Pune.
Independence Brewing Company had 2 directors:
- Krishen Lal Khanna - Director
- Vipin Narayanrao Ghate - Director
The CIN (Corporate Identification Number) of Independence Brewing Company is U15500PN2011PTC153140. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Independence Brewing Company is at Tin Shed No. 06 Abro Enterprises Compound S.No. 513B1 Wadgaon Sheri, Pune, Maharashtra, India – 411014.
Independence Brewing Company can be reached through the website independencebrewco.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Independence Brewing Company on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Independence Brewing Company is 27AACCI8035L1ZA, registered in Maharashtra.
Independence Brewing Company operated in the travel and hospitality industry, in the hotel and accommodation services segment.
Independence Brewing Company has 9 deals on record (6 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.89 Cr; the latest was in May 2021.
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