About Agri-Best India Limited
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Agri-Best India Limited is a public limited foreign company incorporated in india based in Faridabad, Haryana, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the beverages segment of the food and beverages sector. It was incorporated on 15 September 2010.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U01400HR2010FLC041224. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹28 Lakh. It was formerly known as Agri-Best India Private Limited. It is led by directors including Lakhmi Chand and Petrus Adrianus Antonius Joseph Van Pinxteren.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Scf 166 Iind Floor Sector – 9, Faridabad, Haryana, India – 121006.
As per the financials filed for FY 2017, the company reported a revenue of ₹140.17 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹5.76 Lakh (net margin 0%) and EBITDA of ₹3.35 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years.
As per MCA filings, the company has open charges of ₹17.15 Cr on record. Court records list 89 cases involving the company, including 20 filed by the company and 70 filed against it; 19 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.99 Cr; the latest was in March 2015. Its 7 peer companies in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 3 smaller; the largest is Green Valley Food Processors Pvt Ltd with revenue of ₹146.03 Cr.
The last known website on record is agri-best.com.
Company details
CIN history
Agri-Best India has one previous CIN (Corporate Identification Number): U01400HR2010FTC041224. The current CIN is U01400HR2010FLC041224, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01400HR2010FLC041224 | Current |
| U01400HR2010FTC041224 | Previous |
Contact details
Agri-Best India Limited's registered office is in Faridabad, Haryana. Its website is agri-best.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressScf 166 Iind Floor Sector – 9, Faridabad, Haryana, India – 121006
- IndustryFood And Beverages, Beverage, Food, Tobacco Products
To see the full contact details of Agri-Best India 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
Business activity
The main business activity of Agri-Best India 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 Agri-Best India Limited, buy the company report.
Financials of Agri-Best India Limited
FY 2017 filings availableAgri-Best India Limited reported revenue of ₹140.17 Cr (down 22% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 31%. EBITDA rose 2% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹140.17 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹3.35 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹5.76 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 2.4% | ||
| Net Profit Margin | 0% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| 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 Agri-Best India Limited, buy the company report.
Board of directors of Agri-Best India Limited
Agri-Best India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lakhmi Chand | Director | 10 Aug 2018 | 8 Years 3 Months | As last reported |
| Petrus Adrianus Antonius Joseph Van Pinxteren | Director | 15 Sep 2010 | 16 Years 1 Months | As last reported |
| Gopal Sharma Also directs: Ranger Foods Private Limited, Arna Securities Private Limited | Director | 15 Sep 2010 | 16 Years 1 Months | As last reported |
Peer comparison
Agri-Best India Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Green Valley Food Processors Pvt Ltd | ₹146.03 Cr (FY 2025) | 5.0% | Patan, Maharashtra, India | |||
| Rythu Dairy Products Private Limited | ₹145.39 Cr (FY 2024) | 30.0% | Hyderabad, Telangana, India | |||
| Model Dairy Pvt Ltd | ₹142.77 Cr (FY 2025) | 11.0% | Hyderabad, Telangana, India | |||
| Bhagyalaxmi Dairy Farms Private Limited | ₹142.1 Cr (FY 2025) | 22.0% | Ambegaon, Maharashtra, India | |||
| Agri-Best India Limitedthis company | ₹140.17 Cr (FY 2017) | ₹5.76 Lakh | 0% | -22.0% | Faridabad, Haryana, India | |
| Sukriti Foods Private Limited | ₹138.48 Cr (FY 2025) | 21.0% | Ghaziabad, Uttar Pradesh, India | |||
| Singhania Milk Products Private Limited | ₹136.28 Cr (FY 2025) | 3.0% | Sitapur, Uttar Pradesh, India | |||
| Winner Dairy Pvt Ltd | ₹135.63 Cr (FY 2025) | -9.0% | Puducherry, India |
To see the full peer comparison of Agri-Best India Limited, buy the company report.
Auditor
Agri-Best India Limited is audited by SUMIT SHOUNDIK & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUMIT SHOUNDIK & CO | FY 2017 | 030211N |
Shareholding
The shareholding of Agri-Best India Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Agri-Best India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jan 2015 | 10548870 | State Bank of Patiala | ₹7 Cr | Open | |
| 22 Nov 2013 | 10463454 | State Bank of Patiala | ₹10 Cr | Open | |
| 04 Oct 2013 | 10455631 | State Bank of Patiala | ₹15 Lakh | Open |
To see the full charge records of Agri-Best India Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Agri-Best India Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.99 Cr; the latest was in March 2015.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹75 Lakh | Investors: Gopal Sharma HUF, 2 individuals |
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Agri Best International B.V Seller: an individual |
| Feb 2014 | Funding round | ₹1.24 Cr | Investors: Agri Best International B.V, Arna Securities Private Limited , 2 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Agri-Best India Limited has 89 court cases on record: 20 filed by Agri-Best India, 70 filed against it. 19 cases are pending and 70 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 72 | 59 | 17 |
| High courts | 14 | 10 | 2 |
| Supreme Court | 2 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Revision petition | Filed against the company by Ranger Foods Pvt Ltd and 1 other | Pending |
| High Court of Punjab and Haryana | Revision petition | Filed by the company against Agri Best India Ltd and Ors | Pending |
| District court, Sirsa, Haryana | Civil suit | Filed against the company by Decow De Pure Dairies LLP | Pending |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, Faridabad, Haryana | Court case (C M APPLI) | Filed against the company by M/S XPRT Engineered Packaging Solutions P Ltd. | Disposed |
To see the full case history of Agri-Best India 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.
Credit ratings & regulatory alerts
Agri-Best India Limited was last rated by Care on 24 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Aug 2020 |
To see the full credit ratings and regulatory alerts of Agri-Best India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Agri-Best India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Agri-Best India has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Agri-Best India Limited, buy the company report.
Recent activity
Agri-Best India Limited has 5 board changes on record since 2010: 3 appointments and 2 cessations. The latest: Petrus Adrianus Antonius Joseph Van Pinxteren ceased to be Director on 27 Mar 2019.
Frequently asked questions
Agri-Best India is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Agri-Best India is a company under insolvency, formerly operating as a public limited foreign company incorporated in india based in Faridabad, Haryana, India. The company works in beverage, within the food and beverages industry. It was incorporated on 15 September 2010 and is registered under CIN U01400HR2010FLC041224. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Agri-Best India has 3 current directors:
- Lakhmi Chand - Director
- Petrus Adrianus Antonius Joseph Van Pinxteren - Director
- Gopal Sharma - Director
The latest financial statements of Agri-Best India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Agri-Best India is U01400HR2010FLC041224. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Agri-Best India has open charges of ₹17.15 Cr and no satisfied charges on record as per latest MCA filings.
Agri-Best India has 89 court cases on record: 20 filed by the company and 70 filed against it. 19 are pending. Most are in the district courts.
Agri-Best India was incorporated on 15 September 2010. It is registered with the Registrar of Companies, Delhi.
Agri-Best India has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.99 Cr; the latest was in March 2015.
The peers of Agri-Best India by revenue are Green Valley Food Processors Pvt Ltd, Rythu Dairy Products Private Limited, Model Dairy Pvt Ltd, Bhagyalaxmi Dairy Farms Private Limited, Sukriti Foods Private Limited and 2 more, all in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).
Petrus Adrianus Antonius Joseph Van Pinxteren ceased to be Director on 27 Mar 2019. Lakhmi Chand was appointed as Director on 10 Aug 2018. Preeti Sharma ceased to be Additional Director on 10 Aug 2018. Agri-Best India has 5 board changes on record in total.
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