About Best Foods Limited
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Best Foods Limited is a public limited company based in Chandigarh, 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 staple foods and grains segment of the food and beverages sector. It was incorporated on 25 March 2003.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U55109CH2003PLC025876. Its GSTIN is 06AACCB2825P2ZI (Haryana). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹192 Cr and a paid-up capital of ₹191.4 Cr. It was formerly known as Best Foods Private Limited and Best Food International Private Limited. It is led by directors including Dinesh Gupta (Managing Director) and Mohinder Pal Jindal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 2867/2 Chandigarh Housing Board Flats Sector – 49, Chandigarh, India – 160047.
As per the financials filed for FY 2016, the company reported a revenue of ₹2,547.5 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹3.59 Cr (net margin 0.1%) and EBITDA of ₹257.7 Cr (EBITDA margin 10.1%).
The company has about 3 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Best Food Group. As per MCA filings, the company has open charges of ₹2,943.69 Cr and satisfied charges of ₹3,244.18 Cr on record. Court records list 575 cases involving the company, including 112 filed by the company and 463 filed against it; 13 cases are pending.
The last known website on record is bestfoodgroup.com.
Company details
Name history
Best Foods has undergone 2 name changes throughout its history. The company was previously known as Best Foods Private Limited, and Best Food International Private Limited. The current legal name is Best Foods Limited.
| Company Name | Status |
|---|---|
| Best Foods Limited | Current |
| Best Foods Private Limited | Previous |
| Best Food International Private Limited | Previous |
CIN history
Best Foods has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U55109CH2003PLC025876, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55109CH2003PLC025876 | Current |
| U00000CH2003PTC025876 | Previous |
| U00000CH2003PLC025876 | Previous |
Contact details
Best Foods Limited's registered office is in Chandigarh, Chandigarh. Its website is bestfoodgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2867/2 Chandigarh Housing Board Flats Sector – 49, Chandigarh, India – 160047
- IndustryFood and Beverages, Staple Foods & Grains
To see the full contact details of Best Foods 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
Best Foods operates one associated brand: Best Food Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a producer of cereal grains for commercial markets. | bestfoodgroup.com |
Business activity
The main business activities of Best Foods are manufacturing and trade. In detail, this covers food, beverages and tobacco products and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Best Foods Limited, buy the company report.
Financials of Best Foods Limited
FY 2016 filings availableBest Foods Limited reported revenue of ₹2,547.5 Cr (down 7% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year. EBITDA fell 23% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹2,547.5 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹257.7 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹3.59 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 10.1% | |
| Net Profit Margin | 0.1% | |
| 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 Best Foods Limited, buy the company report.
Board of directors of Best Foods Limited
Best Foods has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohinder Pal Jindal | Whole-Time Director | 25 Mar 2003 | 23 Years 7 Months | As last reported |
| Dinesh Gupta Also directs: Excel Infracon Private Limited, Heritage Infracon Private Limited, Unified Infrastructure Private Limited and 1 more | Managing Director | 25 Mar 2003 | 23 Years 7 Months | As last reported |
| Rajesh Kumar | Additional Director | 10 Oct 2017 | 9 Years 0 Months | As last reported |
| Potan Devi | Director | 10 Sep 2016 | 10 Years 1 Months | As last reported |
| Rohit Kumar | Additional Director | 20 May 2017 | 9 Years 5 Months | As last reported |
Peer comparison
Best Foods Limited is compared with the 9 companies closest to it by revenue in the Food and Beverages industry (Staple Foods), 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 |
|---|---|---|---|---|---|---|
| Etc Agro Processing (India) Private Limited | ₹4,168.97 Cr (FY 2025) | 44.0% | Thane, Maharashtra, India | |||
| Sael Agri Commodities Limited | ₹4,000.73 Cr (FY 2025) | 12.0% | Guruharsahai, Punjab, India | |||
| Amira Pure Foods Private Limited | ₹3,792.44 Cr (FY 2017) | 2.0% | New Delhi, Delhi, India | |||
| B.L. Agro Industries Limited | ₹3,681.66 Cr (FY 2025) | 13.0% | Bareilly, Uttar Pradesh, India | |||
| D D International Private Limited | ₹3,423.98 Cr (FY 2024) | Punjab, India | ||||
| Best Foods Limitedthis company | ₹2,547.5 Cr (FY 2016) | ₹3.59 Cr | 0.1% | -7.0% | 3 | Chandigarh, India |
| Sri Lalitha Enterprises Industries Private Limited | ₹2,509.16 Cr (FY 2025) | -4.0% | Andhra Pradesh, India | |||
| Rajdhani Flour Mills Limited | ₹2,181.34 Cr (FY 2025) | 16.0% | Delhi, India | |||
| Parakh Foods and Oils Limited | ₹2,171.47 Cr (FY 2024) | -6.0% | Pune, Maharashtra, India | |||
| Naga Limited | ₹2,106.34 Cr (FY 2023) | 22.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Best Foods Limited, buy the company report.
Auditor
Best Foods Limited is audited by LUNAWAT & CO. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LUNAWAT & CO. | FY 2016 | 000629N |
Shareholding
The shareholding of Best Foods Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Best Foods Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2015 | 100027110 | Tamilnad Mercantile Bank Limited | ₹10 Cr | Open | |
| 28 May 2015 | 10575405 | Others | ₹100 Cr | Open | |
| 23 Mar 2015 | 10556483 | Idbi Bank Limited | ₹35 Cr | Open | |
| 16 Jun 2014 | 10550871 | Central Bank of India | ₹109 Cr | Open | |
| 05 Feb 2014 | 10481112 | Canara Bank | ₹160 Cr | Open |
To see the full charge records of Best Foods Limited, buy the company report.
Total charge records: 44 View all charges
Legal cases
Best Foods Limited has 575 court cases on record: 112 filed by Best Foods, 463 filed against it. 13 cases are pending and 562 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 532 | 440 | 11 |
| High courts | 34 | 16 | 2 |
| NCLAT | 6 | 6 | 0 |
| Supreme Court | 2 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 575)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North, Delhi | Court case (EX. CIVIL) | Filed against the company by Antize Foods Pvt Ltd | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Asj Finsolutions Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Asj Finsolutions Private Limited | Disposed |
| High Court, DELHI | Writ petition | Filed against the company by Asj Finsolutions Private Ltd. | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Asj Finsolutions Private Limited | Disposed |
To see the full case history of Best Foods 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
Best Foods Limited was last rated by Crisil on 13 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 Feb 2020 |
To see the full credit ratings and regulatory alerts of Best Foods Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Best Foods Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Best Foods has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Best Foods Retail Private Limited | U15400DL2011PTC216744 |
To see the full group structure of Best Foods Limited, buy the company report.
Employees & EPFO
Best Foods Limited has a workforce of 3 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Best Foods has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AACCB2825P2ZI | Haryana | Active | 30 Aug 2023 |
To see the full GST registrations and return filing status of Best Foods Limited, buy the company report.
Recent activity
Best Foods Limited has 21 board changes on record since 2003: 5 appointments and 16 cessations. The latest: Potan Devi ceased to be Director on 10 Apr 2018.
103 earlier events are in the company report.
Frequently asked questions
Best Foods 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.
Best Foods is a company under liquidation, formerly operating as a public limited company based in Chandigarh, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 25 March 2003 and is registered under CIN U55109CH2003PLC025876. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Best Foods has 5 current directors:
- Dinesh Gupta - Managing Director
- Mohinder Pal Jindal - Whole-Time Director
- Rajesh Kumar - Additional Director
- Potan Devi - Director
- Rohit Kumar - Additional Director
The latest financial statements of Best Foods on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Best Foods is U55109CH2003PLC025876. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Best Foods has open charges of ₹2,943.69 Cr and satisfied charges of ₹3,244.18 Cr as per latest MCA filings.
Best Foods has 575 court cases on record: 112 filed by the company and 463 filed against it. 13 are pending. Most are in the district courts.
Best Foods was incorporated on 25 March 2003. It is registered with the Registrar of Companies, Chandigarh.
The peers of Best Foods by revenue are Etc Agro Processing (India) Private Limited, Sael Agri Commodities Limited, Amira Pure Foods Private Limited, B.L. Agro Industries Limited, D D International Private Limited and 4 more, all in the Food and Beverages industry (Staple Foods), with the same principal business activity (food, beverages and tobacco products).
Potan Devi ceased to be Director on 10 Apr 2018. Rohit Kumar ceased to be Additional Director on 31 Mar 2018. Ajay Kumar Vashishtha ceased to be Director on 06 Dec 2017. Best Foods has 21 board changes on record in total.
Best Foods can be reached through the website bestfoodgroup.com. Its registered office is in Chandigarh, India.
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