Bindals Sponnge Industries Limited
About Bindals Sponnge Industries Limited
Data last updated:
Bindals Sponnge Industries Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Gandhamardhan Sponge Industries Pvt Ltd. 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 biofuel and biomass energy segment of the environmental services sector. It was incorporated on 20 February 2003.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U27109DL2003PLC119070. Its GSTIN is 07AACCB1322M2ZW (Delhi). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹49.66 Cr. It was formerly known as Bindal Sponge Limited. It is led by directors including Raj Kumar Agarwal (Managing Director) and Neeraj Goel.
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 217 2nd Floor Aggarwal Prestige Mall Plot No. 2 Community Centre Along Road 44, Pit Ampura India, New Delhi, Delhi, India – 110034.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.33 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹3.67 Cr and EBITDA of ₹13.33 Lakh (EBITDA margin 100%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 166% over five years.
As per MCA filings, the company has open charges of ₹165.34 Cr and satisfied charges of ₹2 Cr on record. Court records list 23 cases involving the company, including 7 filed by the company and 16 filed against it; 2 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹37.61 Cr; the latest was in March 2013.
Company details
Contact details
Bindals Sponnge Industries Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address217 2nd Floor Aggarwal Prestige Mall Plot No. 2 Community Centre Along Road 44, Pit Ampura India, New Delhi, Delhi, India – 110034
- IndustryEnvironment, Biofuel & Biomass Energy
To see the full contact details of Bindals Sponnge Industries 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
Financials of Bindals Sponnge Industries Limited
FY 2024 filings availableBindals Sponnge Industries Limited reported revenue of ₹13.33 Lakh (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 166% over five years, including 8% growth in the latest year. EBITDA rose 8% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹13.33 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.67 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 100% | ||||
| Net Profit Margin | |||||
| 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 Bindals Sponnge Industries Limited, buy the company report.
Board of directors and KMP of Bindals Sponnge Industries Limited
Bindals Sponnge Industries Limited currently reports 9 directors and 1 key managerial person. 21 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeraj Goel Also directs: Agarwal Duplex Board Mills Ltd. | Director | 20 Feb 2003 | 23 Years 8 Months | As last reported |
| Saket Agarwal Also directs: Shree Biswanath Rice Mills Pvt Ltd, Sarada Cereals Private Limited, Rangpur Tea Association Ltd and 5 more | Director | 30 Sep 2014 | 12 Years 0 Months | As last reported |
| Gagan Aggarwal Also directs: Neeraj Paper Marketing Limited | Additional Director | 16 Jun 2016 | 10 Years 4 Months | As last reported |
| Kailash Chand Sipuria | Director | 12 Jul 2012 | 14 Years 3 Months | As last reported |
| Raman Agrawal | Cfo | 21 Oct 2014 | 12 Years 0 Months | As last reported |
| Malav Goel Also directs: Agarwal Duplex Board Mills Ltd. | Additional Director | 04 Jul 2016 | 10 Years 3 Months | As last reported |
Auditor
Bindals Sponnge Industries Limited is audited by D.BHALLA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D.BHALLA & ASSOCIATES | FY 2023 | 013990N |
Shareholding
The shareholding of Bindals Sponnge Industries 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 Bindals Sponnge Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2015 | 10549203 | Oriental Bank of Commerce | ₹2 Cr | Open | |
| 21 Oct 2014 | 10531035 | Oriental Bank of Commerce | ₹70 Lakh | Open | |
| 31 Mar 2014 | 10496430 | Indian Overseas Bank | ₹19.34 Cr | Open | |
| 29 Mar 2014 | 10493248 | Oriental Bank of Commerce | ₹10.75 Cr | Open | |
| 22 Mar 2012 | 10342949 | Oriental Bank of Commerce | ₹6 Cr | Open |
To see the full charge records of Bindals Sponnge Industries Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Bindals Sponnge Industries Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹37.61 Cr; the latest was in March 2013.
Deals on record (5 of 7)
To see the full deal history of Bindals Sponnge Industries 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
Bindals Sponnge Industries Limited has 23 court cases on record: 7 filed by Bindals Sponnge Industries, 16 filed against it. 2 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 9 | 0 |
| High courts | 10 | 4 | 0 |
| NCLAT | 3 | 3 | 2 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Kalinga Allied Industries India Pvt Ltd | Pending |
| NCLAT, Court III | Tribunal matter | Filed against the company by Kalinga Allied Industries India Private Limited | Disposed |
| District court, Balasore, Orissa | Court case (C.M.A) | Filed by the company against M/S Oripol Industries Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Anugul, Orissa | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Bindals Sponnge Industries 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bindals Sponnge Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bindals Sponnge Industries Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Bindals Sponnge Industries has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCB1322M2ZW | Delhi | Active | 26 Jun 2025 |
To see the full GST registrations and return filing status of Bindals Sponnge Industries Limited, buy the company report.
Recent activity
Bindals Sponnge Industries Limited has 26 board changes on record since 2003: 10 appointments and 16 cessations. The latest: Malav Goel ceased to be Additional Director on 19 Jan 2018.
29 earlier events are in the company report.
Frequently asked questions
Bindals Sponnge Industries 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.
Bindals Sponnge Industries is a company under insolvency, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in biofuel and biomass energy, within the environment industry. It was incorporated on 20 February 2003 and is registered under CIN U27109DL2003PLC119070. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bindals Sponnge Industries has 10 current directors and KMP:
- Raj Kumar Agarwal - Managing Director
- Neeraj Goel - Director
- Saket Agarwal - Director
- Gagan Aggarwal - Additional Director
- Kailash Chand Sipuria - Director
- Malav Goel - Additional Director
- Sushil Agarwal Kumar - Director
- Rakesh Kumar - Director
- Daudayal Agarwalla - Director
- Raman Agrawal - Cfo
The latest financial statements of Bindals Sponnge Industries 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 CIN (Corporate Identification Number) of Bindals Sponnge Industries is U27109DL2003PLC119070. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bindals Sponnge Industries has open charges of ₹165.34 Cr and satisfied charges of ₹2 Cr as per latest MCA filings.
Bindals Sponnge Industries has 23 court cases on record: 7 filed by the company and 16 filed against it. 2 are pending. Most are in the district courts.
Bindals Sponnge Industries was incorporated on 20 February 2003. It is registered with the Registrar of Companies, Delhi.
Bindals Sponnge Industries has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹37.61 Cr; the latest was in March 2013.
Malav Goel ceased to be Additional Director on 19 Jan 2018. Bhagirath Madanlal Agarwal ceased to be Director on 18 Jan 2018. Gagan Aggarwal ceased to be Additional Director on 29 Dec 2017. Bindals Sponnge Industries has 26 board changes on record in total.