About Bhagwati Industrial Group Private Limited
Data last updated:
Bhagwati Industrial Group Private Limited is a private limited company based in Ferozepur, Punjab, India. It operates in the staple foods and grains segment of the food and beverages sector. It was incorporated on 15 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35106PB2007PLC031212. Its GSTIN is 03AADCB4295Q1ZA (Punjab). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹27.5 Cr and a paid-up capital of ₹21.25 Cr. It was formerly known as Bhagwati Lacto Foods Private Limited. It is led by directors including Sameer Mittal and Sushil Mittal.
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 Shop No. 18 1/2 Anaj Mandi, Ferozepur, Punjab, India – 152001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,902.83 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹35.37 Cr (net margin 1.9%) and EBITDA of ₹99.07 Cr (EBITDA margin 5.2%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 6% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,300.34 Cr and satisfied charges of ₹608.33 Cr on record. Court records list 124 cases involving the company, including 54 filed by the company and 70 filed against it; 38 cases are pending. The company has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹26.66 Cr; the latest was in March 2022. Its 6 peer companies in the Food and Beverages industry (Staple Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 4 smaller; the largest is Naga Limited with revenue of ₹2,106.34 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 100 overdue payments to 23 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website blvexports.com.
Company details
Name history
Bhagwati Industrial Group has undergone 2 name changes throughout its history. The company was previously known as Bhagwati Lacto Foods Private Limited, and Bhagwati Industrial Group Private Limited. The current legal name is Bhagwati Industrial Group Private Limited.
| Company Name | Status |
|---|---|
| Bhagwati Industrial Group Private Limited | Current |
| Bhagwati Lacto Foods Private Limited | Previous |
CIN history
Bhagwati Industrial Group has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U35106PB2007PLC031212, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35106PB2007PLC031212 | Current |
| U45100PB2007PTC031212 | Previous |
| U15203PB2007PTC031212 | Previous |
| U35106PB2007PTC031212 | Previous |
Contact details
Bhagwati Industrial Group Private Limited's registered office is in Ferozepur, Punjab.
- Registered AddressShop No. 18 1/2 Anaj Mandi, Ferozepur, Punjab, India – 152001
- IndustryFood and Beverages, Staple Foods & Grains
- 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 Bhagwati Industrial Group 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 Bhagwati Industrial Group Private Limited, buy the company report.
Financials of Bhagwati Industrial Group Private Limited
FY 2024 filings availableBhagwati Industrial Group Private Limited reported revenue of ₹1,902.83 Cr (up 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 14% growth in the latest year. EBITDA rose 24% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹99.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.37 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.2% | ||||
| Net Profit Margin | 1.9% | ||||
| 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 Bhagwati Industrial Group Private Limited, buy the company report.
Board of directors of Bhagwati Industrial Group Private Limited
Bhagwati Industrial Group 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 |
|---|---|---|---|---|
| Sameer Mittal Also directs: Healthy Harvested Foods Private Limited, Bhagwati Agrochem Private Limited, Castle Buildhome LLP and 5 more | Director | 20 Nov 2010 | 15 Years 11 Months | Current |
| Sushil Mittal | Director | 01 Apr 2008 | 18 Years 6 Months | Current |
| Rahul Mittal | Additional Director | 05 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Bhagwati Industrial Group Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Naga Limited | ₹2,106.34 Cr (FY 2023) | 22.0% | Chennai, Tamil Nadu, India | |||
| General Mills India Private Limited | ₹1,999.41 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Bhagwati Industrial Group Private Limitedthis company | ₹1,902.83 Cr (FY 2024) | ₹35.37 Cr | 1.9% | 14.0% | Ferozepur, Punjab, India | |
| Daawat Foods Limited | ₹1,821.92 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| KN Agri Resources Limited | ₹1,728.7 Cr (FY 2025) | 1.0% | Raipur, Chhattisgarh, India | |||
| Hardik Agritrade Private Limited | ₹1,643.7 Cr (FY 2025) | 1.0% | Sri Ganganagar, Rajasthan, India | |||
| Parakh Agro Industries Ltd | ₹1,505.07 Cr (FY 2025) | 13.0% | Pune, Maharashtra, India |
To see the full peer comparison of Bhagwati Industrial Group Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2025 | 101175277 | Uco Bank | ₹2.7 Cr | Open | |
| 27 Oct 2025 | 101175276 | Uco Bank | ₹21 Lakh | Open | |
| 02 Jun 2025 | 101104995 | Sbicap Trustee Company Limited | ₹170 Cr | Open | |
| 21 Mar 2024 | 100886782 | Sbicap Trustee Company Limited | ₹609.6 Cr | Open | |
| 19 Aug 2023 | 100785335 | Uco Bank | ₹1.6 Cr | Open |
To see the full charge records of Bhagwati Industrial Group Private Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
Bhagwati Industrial Group Private Limited has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹26.66 Cr; the latest was in March 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Sameer Mittal HUF, an individual Seller: Krishna Kumar Mittal HUF, 2 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Sep 2020 | Rights issue | ₹20.09 Cr | Investors: 4 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Sushil Mittal HUF, 3 individuals Seller: 4 individuals |
| Mar 2017 | Funding round | ₹17.1 Lakh | Investors: 2 individuals |
To see the full deal history of Bhagwati Industrial Group 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
Bhagwati Industrial Group Private Limited has 124 court cases on record: 54 filed by Bhagwati Industrial Group, 70 filed against it. 38 cases are pending and 86 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 104 | 57 | 31 |
| High courts | 19 | 12 | 7 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 124)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Finova Capital Private Limited | Pending |
| District court, Ajmer, Rajasthan | Court case (Complaint) | Filed against the company by Atmos Finance Private Ltd. Ajmer | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Sewa Grih Rin Limited | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed against the company by Tyger Capital Pvt. Ltd | Pending |
| District court, Merta Nagaur, Rajasthan | Motor accident claim | Filed by the company against The New India Assurance Company Limited Etc | Pending |
To see the full case history of Bhagwati Industrial Group 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.
Credit ratings & regulatory alerts
Bhagwati Industrial Group Private Limited was last rated by Brickwork on 28 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 28 Mar 2022 |
To see the full credit ratings and regulatory alerts of Bhagwati Industrial Group Private Limited, buy the company report.
MSME payment delays
Bhagwati Industrial Group Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 100 overdue payments to 23 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 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Prem Chand & Sons. | |||
| Dugar Polytex Private Limited | |||
| an individual supplier | |||
| Sunrise Printpack Private Limited |
To see the full MSME payment records of Bhagwati Industrial Group Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Bhagwati Industrial Group has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCB4295Q1ZA | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhagwati Industrial Group Private Limited, buy the company report.
Recent activity
Bhagwati Industrial Group Private Limited has 5 board changes on record since 2008: 3 appointments and 2 cessations. The latest: Rahul Mittal was appointed as Additional Director on 05 Dec 2025.
54 earlier events are in the company report.
Frequently asked questions
Bhagwati Industrial Group is an active private limited company based in Ferozepur, Punjab, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 15 June 2007 (19+ years old) and is registered under CIN U35106PB2007PLC031212.
Bhagwati Industrial Group has 3 current directors:
- Sameer Mittal - Director
- Sushil Mittal - Director
- Rahul Mittal - Additional Director
The latest financial statements of Bhagwati Industrial Group 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 Bhagwati Industrial Group is 03AADCB4295Q1ZA, registered in Punjab. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Bhagwati Industrial Group is U35106PB2007PLC031212. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhagwati Industrial Group has 124 court cases on record: 54 filed by the company and 70 filed against it. 38 are pending. Most are in the district courts.
Bhagwati Industrial Group was incorporated on 15 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chandigarh.
Bhagwati Industrial Group has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹26.66 Cr; the latest was in March 2022.
The peers of Bhagwati Industrial Group by revenue are Naga Limited, General Mills India Private Limited, Daawat Foods Limited, KN Agri Resources Limited, Hardik Agritrade Private Limited and 1 more, all in the Food and Beverages industry (Staple Foods), with the same principal business activity (food, beverages and tobacco products).
Rahul Mittal was appointed as Additional Director on 05 Dec 2025. Gurmeet Singh Bhullar ceased to be Director on 01 Aug 2015. Kashmira Singh ceased to be Director on 01 Aug 2015. Bhagwati Industrial Group has 5 board changes on record in total.
Bhagwati Industrial Group has 10 MSME Form 1 returns on record between 2019 and 2024, listing 100 overdue payments to 23 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Bhagwati Industrial Group can be reached through the website blvexports.com. Its registered office is in Ferozepur, Punjab, India.