About Blue Ocean Beverages Private Limited
Data last updated:
Blue Ocean Beverages Private Limited is a private limited company based in Chikkaballapur, Karnataka, India. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 31 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15511KA2007PTC043764. Its GSTIN is 29AADCB2180Q1Z8 (Karnataka). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹20.44 Cr. It is led by directors including Philipose Matthai and Mrinal Manu.
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 Plot No – 20 Sy No – 136 137 And 140 Industrial Area B. Road Near Titan Factory, Chikkaballapur, Karnataka, India – 562101.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,485.3 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹16.26 Cr (net margin 1.1%) and EBITDA of ₹40.65 Cr (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 72% over five years.
The company has about 111 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Blue Ocean Beverages. As per MCA filings, the company has open charges of ₹118.98 Cr and satisfied charges of ₹77.81 Cr on record. Court records list 15 cases involving the company, including 6 filed by the company and 4 filed against it; 2 cases are pending. The company has 8 deals on record (5 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹4.99 Cr; the latest was in March 2024. Its 10 peer companies in the Food and Beverages industry (Alcoholic Beverages) are compared by revenue, 5 larger and 5 smaller; the largest is Satish Sugars Limited with revenue of ₹1,653.92 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website blueoceanbeverages.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No – 20 Sy No – 136 137 And 140 Industrial Area B. Road Near Titan Factory, Chikkaballapur, Karnataka, India – 562101
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
- 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
- One PDF report, delivered after checkout
Associated Brands with Blue Ocean Beverages Private Limited
Blue Ocean Beverages operates one associated brand: Blue Ocean Beverages. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies spirits like brandy, whisky, vodka, rum, and gin. | blueoceanbeverages.com |
Business Activity of Blue Ocean Beverages Private Limited
The main business activity of Blue Ocean Beverages is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Blue Ocean Beverages Private Limited FY 2024 filings available
Blue Ocean Beverages Private Limited reported revenue of ₹1,485.3 Cr (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Blue Ocean Beverages Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 72% over five years, including 32% growth in the latest year. EBITDA rose 64% 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 of Blue Ocean Beverages Private Limited
| 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 | ₹40.65 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹16.26 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 of Blue Ocean Beverages Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Blue Ocean Beverages are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Blue Ocean Beverages Private Limited
Blue Ocean Beverages has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Philipose Matthai | Director | 21 Jul 2023 | 3 Years 2 Months | Current |
| Mrinal Manu | Director | 18 Nov 2015 | 10 Years 11 Months | Current |
| Albin Paikada Mathew Also directs: Blue Ocean Beverages Pondy Private Limited | Director | 01 Mar 2008 | 18 Years 7 Months | Current |
| Joseph Punchekkunnel Cheriyachan George | Director | 01 Mar 2008 | 18 Years 7 Months | Current |
| Sanjith Kuttan | Additional Director | 25 Jul 2025 | 1 Years 2 Months | Current |
Peer Comparison of Blue Ocean Beverages Private Limited
Blue Ocean Beverages Private Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Alcoholic Beverages). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Satish Sugars Limited | ₹1,653.92 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Gokak, Karnataka, India |
| Alcobrew Distilleries India Limited | ₹1,620.35 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | New Delhi, Delhi, India |
| Pincon Spirit Limited Listed | ₹1,561.72 Cr (FY 2017) | •••• | •••• | 58.0% | •••• | Kolkata, West Bengal, India |
| Ifb Agro Industries Ltd. Listed | ₹1,557.83 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Beam Global Spirits & Wine (India) Private Limited | ₹1,491.49 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Blue Ocean Beverages Private Limited this company | ₹1,485.3 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Chikkaballapur, Karnataka, India |
| Ads Spirits Private Limited | ₹1,482.7 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Jubilant Industries Limited Listed | ₹1,475.79 Cr (FY 2023) | •••• | •••• | 26.0% | •••• | Jyotiba Phule Nagar, Uttar Pradesh, India |
| Alcograin Distillers Private Limited | ₹1,330.08 Cr (FY 2025) | •••• | •••• | 404.0% | •••• | Chandigarh, India |
| Magadh Sugar & Energy Limited Listed | ₹1,325.11 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Sitapur, Uttar Pradesh, India |
| Indian Cane Power Limited | ₹1,279.13 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Davanagere, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Blue Ocean Beverages by revenue in the Food and Beverages industry (Alcoholic Beverages), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Blue Ocean Beverages Private Limited
Blue Ocean Beverages Private Limited is audited by Phillipos & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Phillipos & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Blue Ocean Beverages Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Blue Ocean Beverages Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Sep 2025 | Others | ₹36.84 Lakh | Open |
| 02 Sep 2025 | Others | ₹29.35 Lakh | Open |
| 14 Aug 2025 | The South Indian Bank Limited | ₹15 Lakh | Open |
| 10 Feb 2025 | The South Indian Bank Limited | ₹19.3 Lakh | Open |
| 23 Dec 2024 | The South Indian Bank Limited | ₹34.45 Lakh | Open |
Total charge records: 27 View all charges
Deals & Funding of Blue Ocean Beverages Private Limited
Blue Ocean Beverages Private Limited has 8 deals on record (5 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹4.99 Cr; the latest was in March 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹1.5 Cr | Investors: an individual |
| Mar 2023 | Rights issue | ₹78 Lakh | Investors: an individual |
| Mar 2022 | Rights issue | ₹2 Cr | Investors: 2 individuals |
| Jan 2021 | Rights issue | ₹4.27 Cr | Investors: Bangalore Distilleries & Breweries Private Limited , 3 individuals |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Blue Ocean Beverages Private Limited
Blue Ocean Beverages Private Limited has 15 court cases on record: 6 filed by Blue Ocean Beverages, 4 filed against it, 5 where it is another party. 2 cases are pending and 13 are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 1 | 0 |
| District courts | 3 | 3 | 2 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Karnataka State Marketing Communication & Advertising Limited | Pending |
| District court, South East, Delhi | Court case (MCD CHL) | Filed against the company by an individual | Pending |
| Madras High Court | Writ petition | Filed by the company against Union of India | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by Karnataka State Beverages Corporation | Disposed |
| High Court of Karnataka | Court case (CRL.P) | Filed by the company against an individual | Disposed |
Full case history
All 15 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Blue Ocean Beverages Private Limited
Blue Ocean Beverages Private Limited has a workforce of 111 employees as of Mar 31, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Blue Ocean Beverages Private Limited
Blue Ocean Beverages Private Limited has 11 board changes on record since 2008: 5 appointments and 6 cessations. The latest: Sanjith Kuttan was appointed as Additional Director on 25 Jul 2025.
47 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Blue Ocean Beverages Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Blue Ocean Beverages Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Blue Ocean Beverages Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Blue Ocean Beverages Private Limited
Blue Ocean Beverages has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCB2180Q1Z8 | Karnataka | Active | 01 Jun 2020 |
| 29AADCB2180Q2Z7 | Karnataka | Active | 17 Jun 2025 |
| 30AADCB2180Q1ZP | Goa | Active | 01 Jul 2017 |
| 36AADCB2180Q1ZD | Telangana | Active | 18 Feb 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Blue Ocean Beverages Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Blue Ocean Beverages Private Limited
Blue Ocean Beverages is an active private limited company based in Chikkaballapur, Karnataka, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 31 August 2007 (19+ years old) and is registered under CIN U15511KA2007PTC043764.
Blue Ocean Beverages reported revenue of ₹1,485.3 Cr for FY 2025 (up 32% YoY).
Blue Ocean Beverages has 5 current directors:
- Philipose Matthai - Director
- Mrinal Manu - Director
- Albin Paikada Mathew - Director
- Joseph Punchekkunnel Cheriyachan George - Director
- Sanjith Kuttan - Additional Director
Blue Ocean Beverages reported a net profit of ₹16.26 Cr (net margin 1.1%) and EBITDA of ₹40.65 Cr (EBITDA margin 2.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Blue Ocean Beverages is 24% over three years and 72% over five years. In the latest year (FY 2025) revenue rose 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Blue Ocean Beverages is 29AADCB2180Q1Z8, registered in Karnataka. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 29AADCB2180Q2Z7 (Karnataka), 30AADCB2180Q1ZP (Goa), 36AADCB2180Q1ZD (Telangana).
The CIN (Corporate Identification Number) of Blue Ocean Beverages is U15511KA2007PTC043764. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Ocean Beverages has 15 court cases on record: 6 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Blue Ocean Beverages was incorporated on 31 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Blue Ocean Beverages has 8 deals on record (5 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹4.99 Cr; the latest was in March 2024.
The peers of Blue Ocean Beverages by revenue are Satish Sugars Limited, Alcobrew Distilleries India Limited, Pincon Spirit Limited, Ifb Agro Industries Ltd, Beam Global Spirits & Wine (India) Private Limited and 5 more, all in the Food and Beverages industry (Alcoholic Beverages).