About Arvind Remedies Limited
Data last updated:
Arvind Remedies Limited is a public limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the ayurvedic products and services segment of the healthcare sector. It was incorporated on 17 June 1988.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L24231TN1988PLC015882. The company has 6 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹68.13 Cr. It was formerly known as Arvind Remedies Private Limited. It is led by directors including Arvind Kumar Babhutmalji Shah (Managing Director) and Chandra Ravindran (Whole-Time Director).
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 38 39 & 40 SIDCO Industrial Estate Kakkalur Thiruvellore, Chennai, Tamil Nadu, India – 602003.
As per the financials filed for FY 2017, the company reported a revenue of ₹4.89 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹24.14 Cr (net margin -493.5%) and EBITDA of -₹61.24 Lakh (EBITDA margin -12.5%).
As per MCA filings, the company has open charges of ₹1,526.78 Cr and satisfied charges of ₹602.26 Cr on record. Court records list 131 cases involving the company, including 83 filed by the company and 48 filed against it; 11 cases are pending. The company has 12 deals on record (12 market trades); the latest was in April 2015.
The last known website on record is arvindremedies.com.
Company details
CIN history
Arvind Remedies has one previous CIN (Corporate Identification Number): U24231TN1988PLC015882. The current CIN is L24231TN1988PLC015882, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24231TN1988PLC015882 | Current |
| U24231TN1988PLC015882 | Previous |
Contact details
Arvind Remedies Limited's registered office is in Chennai, Tamil Nadu. Its website is arvindremedies.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address38 39 & 40 SIDCO Industrial Estate Kakkalur Thiruvellore, Chennai, Tamil Nadu, India – 602003
- IndustryHealthcare, Ayurvedic Products & Services
To see the full contact details of Arvind Remedies 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 Arvind Remedies is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Arvind Remedies Limited, buy the company report.
Financials of Arvind Remedies Limited
FY 2017 filings availableArvind Remedies Limited reported revenue of ₹4.89 Cr (down 66% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 66% in the latest year. EBITDA rose 99% in the latest 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 | ₹4.89 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹61.24 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹24.14 Cr | ||
| 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 | -12.5% | ||
| Net Profit Margin | -493.5% | ||
| 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 Arvind Remedies Limited, buy the company report.
Board of directors of Arvind Remedies Limited
Arvind Remedies has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thinangan Muthu Konar Madavyadav | Additional Director | 06 Oct 2015 | 11 Years 1 Months | As last reported |
| Arvind Kumar Babhutmalji Shah | Managing Director | 17 Jun 1988 | 38 Years 4 Months | As last reported |
| Chandra Ravindran | Whole-Time Director | 09 Dec 1995 | 30 Years 10 Months | As last reported |
Auditor
Arvind Remedies Limited is audited by VIVEKANANDAN ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIVEKANANDAN ASSOCIATES | FY 2017 | 005268S |
Shareholding
The shareholding of Arvind Remedies Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Arvind Remedies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jul 2014 | 10509244 | L & T Finance Limited | ₹8.16 Cr | Open | |
| 03 Mar 2012 | 10348049 | Allahabad Bank | ₹705.24 Cr | Open | |
| 28 Jun 2010 | 10226827 | Idbi Bank Limited | ₹6.75 Cr | Open | |
| 12 Mar 2010 | 10210475 | Punjab National Bank | ₹374 Cr | Open | |
| 05 Feb 2010 | 10200304 | Punjab National Bank | ₹331.24 Cr | Open |
To see the full charge records of Arvind Remedies Limited, buy the company report.
Total charge records: 33 View all charges
Deals & funding
Arvind Remedies Limited has 12 deals on record (12 market trades); the latest was in April 2015.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2014 | Market trade | ₹1.83 Cr | Seller: Marina Dealcom Private Limited |
| Sep 2014 | Market trade | ₹4.38 Cr | Seller: VLS Capital Limited , V L S Finance Limited |
| Sep 2014 | Market trade | ₹9.16 Cr | Buyer: Gkn Securities Seller: Marina Dealcom Private Limited , Gkn Securities |
| Jan 2008 | Market trade | ₹6.82 Cr | Buyer: JMP Securities Private Limited , BP Comtrade Private Limited Seller: JMP Securities Private Limited , Naman Sec And Fin Pvt Ltd |
| Dec 2007 | Market trade | ₹1.31 Cr | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
To see the full deal history of Arvind Remedies 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
Arvind Remedies Limited has 131 court cases on record: 83 filed by Arvind Remedies, 48 filed against it. 11 cases are pending and 120 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 101 | 23 | 9 |
| District courts | 28 | 25 | 2 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 131)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Patna High Court | Court case (CWJC) | Filed by the company against The Managing Director, the Bihar Medical Services and Infrastructure Corporation Limited and 2 others | Pending |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by M/S.Nilkamal Limited | Pending |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by Lewens Labs Pvt Ltd Authorised Person of Ankit Patel | Disposed |
| District court, Thane, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Parle Elizabeth Tools Pvt. Ltd | Disposed |
| High Court, TAMIL NADU | Company petition | Filed against the company by M/S.Nilkamal Limited | Disposed |
To see the full case history of Arvind Remedies 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
Arvind Remedies Limited was last rated by Icra on 19 Feb 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 19 Feb 2016 |
To see the full credit ratings and regulatory alerts of Arvind Remedies Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Arvind Remedies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Arvind Remedies Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Arvind Remedies has 6 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 Arvind Remedies Limited, buy the company report.
Recent activity
Arvind Remedies Limited has 31 board changes on record since 1988: 17 appointments and 14 cessations. The latest: Sudhir Chandra ceased to be Additional Director on 05 Nov 2015.
93 earlier events are in the company report.
Frequently asked questions
Arvind Remedies is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Arvind Remedies is a company under liquidation, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in ayurvedic products and services, within the healthcare industry. It was incorporated on 17 June 1988 and is registered under CIN L24231TN1988PLC015882. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Arvind Remedies has 3 current directors:
- Arvind Kumar Babhutmalji Shah - Managing Director
- Chandra Ravindran - Whole-Time Director
- Thinangan Muthu Konar Madavyadav - Additional Director
The latest financial statements of Arvind Remedies 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 Arvind Remedies is L24231TN1988PLC015882. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arvind Remedies is recorded as a listed company by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Arvind Remedies has open charges of ₹1,526.78 Cr and satisfied charges of ₹602.26 Cr as per latest MCA filings.
Arvind Remedies has 131 court cases on record: 83 filed by the company and 48 filed against it. 11 are pending. Most are in the high courts.
Arvind Remedies was incorporated on 17 June 1988. It is registered with the Registrar of Companies, Chennai.
Arvind Remedies has 12 deals on record (12 market trades); the latest was in April 2015.
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