India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,202 Karan Paul ₹2,000 Cr
Revenue · FY 2024
₹72.24 Cr
▼ 75% YoY
Net loss · FY 2024
₹52.72 Cr
Net margin -73%
EBITDA · FY 2024
-₹7.59 Cr
EBITDA margin -10.5%
Authorised capital
₹16 Cr
Registered with MCA
Paid-up capital
₹6.15 Lakh
Issued & subscribed
Open charges
₹462.51 Cr
Satisfied ₹1,343.4 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
42
Provident fund records
About Apeejay Tea Limited
Data last updated:
Apeejay Tea Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Kathua Steel Works Pvt Ltd. It operates in the tea and coffee processing segment of the agriculture sector. It was incorporated on 27 April 1995 and has been in existence for over 31 years.
Its director Karan Paul is #1,202 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27108WB1995PLC071253. Its GSTIN is 19AAECA1925D1Z1 (West Bengal). The company holds 11 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹6.15 Lakh. It was formerly known as Apeejay Steels Pvt Ltd and Apeejay Steels Ltd. It is led by directors including Sadaquat Ali Choudhury (Whole-Time Director) and Priti Paul.
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 is at 15 Park Street, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2024, the company reported a revenue of ₹72.24 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹52.72 Cr (net margin -73%) and EBITDA of -₹7.59 Cr (EBITDA margin -10.5%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 33% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹462.51 Cr and satisfied charges of ₹1,343.4 Cr on record. Court records list 33 cases involving the company, including 25 filed by the company and 8 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website apeejaygroup.com.
Company details
CIN U27108WB1995PLC071253
Registration Number 071253
Incorporation Date 27 April 1995
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Kathua Steel Works Pvt Ltd
Compliance Status Active Compliant
Name history
Apeejay Tea has undergone 4 name changes throughout its history. The current legal name is Apeejay Tea Limited.
| Company Name | Status |
|---|---|
| Apeejay Tea Limited | Current |
| Apeejay Steels Pvt Ltd | Previous |
| Apeejay Steels Ltd | Previous |
| Apeejay Surrendra Corporate Services Limited | Previous |
| Apeejay Surrendra Corporate Services Private Limited | Previous |
CIN history
Apeejay Tea has one previous CIN (Corporate Identification Number): U27108WB1995PTC071253. The current CIN is U27108WB1995PLC071253, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27108WB1995PLC071253 | Current |
| U27108WB1995PTC071253 | Previous |
Recognitions & Rankings of Apeejay Tea
Contact details
Apeejay Tea Limited's registered office is in Kolkata, West Bengal. Its website is apeejaygroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address15 Park Street, Kolkata, West Bengal, India – 700016
- IndustryAgriculture, Tea & Coffee Processing
To see the full contact details of Apeejay Tea Limited, buy the company report.
Comprehensive company report
Apeejay Tea Limited - one report that includes everything
- 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
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Business activity
The main business activity of Apeejay Tea 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 Apeejay Tea Limited, buy the company report.
Financials of Apeejay Tea Limited
FY 2024 filings availableApeejay Tea Limited reported revenue of ₹72.24 Cr (down 75% YoY) for FY 2024.
Revenue · FY 2024
₹72.24 Cr ▼ 75%
Net loss · FY 2024
₹52.72 Cr margin -73%
EBITDA · FY 2024
-₹7.59 Cr margin -10.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 75%
3 years · compounded
▼ 43%
5 years · compounded
▼ 33%
EBITDA CAGR growth
1 year
▲ 80%
3 years · compounded
▲ 68%
5 years · compounded
▼ 11%
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 75% fall in the latest year. EBITDA rose 80% 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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| EBITDA | -₹7.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹52.72 Cr | ||||
| Balance Sheet | |||||
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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 | -10.5% | ||||
| Net Profit Margin | -73% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Apeejay Tea Limited, buy the company report.
Board of directors of Apeejay Tea Limited
Apeejay Tea has 5 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priti Paul | Director | 31 Mar 2015 | 11 Years 7 Months | Current |
| Karan Paul Also directs: Apeejay Logistics LLP, Apeejay Surrendra Park Hotels Limited, Bengal Shipyard Limited and 5 more | Director | 30 Sep 2013 | 13 Years 1 Months | Current |
| Sadaquat Ali Choudhury | Whole-Time Director | 18 Apr 2023 | 3 Years 6 Months | Current |
| Asesh Jyoti Dutta Also directs: Apeejay Shipping Ltd, Apeejay Infra-Logistics Private Limited., Machino Polymers Limited and 5 more | Director | 08 Mar 2024 | 2 Years 8 Months | Current |
| Debangshu Mukherjee | Director | 08 Mar 2024 | 2 Years 8 Months | Current |
Auditor
Apeejay Tea Limited is audited by Lodha & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lodha & Co. | FY 2023 | 301051E |
Shareholding
The shareholding of Apeejay Tea Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Apeejay Tea Limited, buy the company report.
Charges & borrowings
Open charges
₹462.51 Cr
Satisfied charges
₹1,343.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2019 | 100252704 | Others | ₹150 Cr | Open | |
| 14 Nov 2018 | 100219653 | Others | ₹27.57 Cr | Open | |
| 25 Apr 2018 | 100190605 | Hdfc Bank Limited | ₹31.84 Lakh | Open | |
| 22 Sep 2017 | 100139013 | Axis Bank Limited | ₹100 Cr | Open | |
| 20 Jun 2017 | 100112206 | Hdfc Bank Limited | ₹40 Cr | Open |
To see the full charge records of Apeejay Tea Limited, buy the company report.
Total charge records: 30 View all charges
Legal cases
Apeejay Tea Limited has 33 court cases on record: 25 filed by Apeejay Tea, 8 filed against it. 1 case is pending and 32 are disposed.
Total cases
33
Filed by the company
25
Filed against the company
8
Pending
1
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 6 | 1 |
| District courts | 4 | 1 | 0 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Civil suit | Filed against the company by Ankar Industries Pvt Ltd | Disposed |
| District court, Dibrugarh, Assam | Interim or miscellaneous application | Filed against the company by Assam Gas Company Limited | Disposed |
| High Court | Company petition | Filed by the company against In the Matter of : Apeejay Commodities Private Limited | Disposed |
| High Court | Civil suit | Filed by the company against an individual | Pending |
| High Court | Court case (APOT) | Filed against the company by Deputy Commissioner of Income Tax Circle 4 1 Kolkata | Disposed |
To see the full case history of Apeejay Tea 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
Apeejay Tea Limited was last rated by Icra on 07 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Sep 2021 |
To see the full credit ratings and regulatory alerts of Apeejay Tea Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Apeejay Tea Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Apeejay Tea Limited has a workforce of 42 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
Employee count
42
Active EPFO establishments
2
Employee growth
-53.33%
GST
Apeejay Tea has 11 GST registrations: 6 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
6
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAECA1925D1Z1 | West Bengal | Active | 01 Jul 2017 |
| 07AAECA1925D1Z6 | Delhi | Active | 01 Jul 2017 |
| 09AAECA1925D1Z2 | Uttar Pradesh | Active | 01 Jul 2017 |
| 18AAECA1925D1Z3 | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Apeejay Tea Limited, buy the company report.
Recent activity
Apeejay Tea Limited has 23 board changes on record since 2011: 5 appointments and 18 cessations. The latest: Asesh Jyoti Dutta ceased to be Additional Director on 29 Sep 2024.
AGM
Apeejay Tea Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Asesh Jyoti Dutta ceased to be Additional Director.
Ceased
Debangshu Mukherjee ceased to be Additional Director.
Filing
Apeejay Tea Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Appointed
Asesh Jyoti Dutta was appointed as Director.
Appointed
Debangshu Mukherjee was appointed as Director.
Ceased
Debanjan Mandal ceased to be Director.
Charges
A charge registered on 17 Dec 2012 via Charge ID 10401618 with Yes Bank Limited was fully satisfied on 04 Jan 2024.
Ceased
Narayan Das Chowdhury ceased to be Additional Director.
Ceased
Sadaquat Ali Choudhury ceased to be Additional Director.
Charges
A charge registered on 09 Jun 2021 via Charge ID 100449441 with Yes Bank Limited was fully satisfied on 02 May 2023.
Charges
A charge registered on 11 Jan 2021 via Charge ID 100419277 with Yes Bank Limited was fully satisfied on 02 May 2023.
78 earlier events are in the company report.
News
Frequently asked questions
Apeejay Tea is an active public limited company based in Kolkata, West Bengal, India. The company works in tea and coffee processing, within the agriculture industry. It was incorporated on 27 April 1995 (31+ years old) and is registered under CIN U27108WB1995PLC071253.
Apeejay Tea has 5 current directors:
- Sadaquat Ali Choudhury - Whole-Time Director
- Priti Paul - Director
- Karan Paul - Director
- Asesh Jyoti Dutta - Director
- Debangshu Mukherjee - Director
The latest financial statements of Apeejay Tea 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 Apeejay Tea is 19AAECA1925D1Z1, registered in West Bengal. The company has 11 GST registrations in all, of which 6 are active and 5 are cancelled or inactive. Other active GSTINs include 07AAECA1925D1Z6 (Delhi), 09AAECA1925D1Z2 (Uttar Pradesh), 18AAECA1925D1Z3 (Assam).
The CIN (Corporate Identification Number) of Apeejay Tea is U27108WB1995PLC071253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apeejay Tea has 33 court cases on record: 25 filed by the company and 8 filed against it. 1 is pending. Most are in the high courts.
Apeejay Tea was incorporated on 27 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Kolkata.
Asesh Jyoti Dutta ceased to be Additional Director on 29 Sep 2024. Debangshu Mukherjee ceased to be Additional Director on 29 Sep 2024. Asesh Jyoti Dutta was appointed as Director on 08 Mar 2024. Apeejay Tea has 23 board changes on record in total.
Apeejay Tea can be reached through the website apeejaygroup.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Apeejay Tea is at 15 Park Street, Kolkata, West Bengal, India – 700016.
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