Candid Industries Limited
About Candid Industries Limited
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Candid Industries Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 19 August 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U18100TG1991PLC013088. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹5.51 Cr. It was formerly known as Futuretech Industries Limited. and Futuretech Industries Limited. It is led by directors including Shri Anil Biswas and Vasunandan Reddy Akepati.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Plot No.1 Survey No.308 Venkateswara Cooperative Indus Trial Estate Jeedimetla, Hyderabad, Telangana, India – 500855.
As per the financials filed for FY 2019, the company reported a revenue of ₹200.9 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹25.39 Lakh (net margin -0.1%) and EBITDA of ₹17.9 Lakh (EBITDA margin 0.1%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹360.43 Cr and satisfied charges of ₹29.8 Cr on record. Court records list 21 cases involving the company, including 14 filed by the company and 7 filed against it; 3 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in February 2009. Its 4 peer companies in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 2 smaller; the largest is J.M. Ispat Private Limited with revenue of ₹202.75 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Candid Industries has undergone 3 name changes throughout its history. The company was previously known as Futuretech Industries Limited., Futuretech Industries Limited, and Explair Electricals Private Limited. The current legal name is Candid Industries Limited.
| Company Name | Status |
|---|---|
| Candid Industries Limited | Current |
| Futuretech Industries Limited. | Previous |
| Futuretech Industries Limited | Previous |
| Explair Electricals Private Limited | Previous |
CIN history
Candid Industries has one previous CIN (Corporate Identification Number): U18100AP1991PLC013088. The current CIN is U18100TG1991PLC013088, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18100TG1991PLC013088 | Current |
| U18100AP1991PLC013088 | Previous |
Contact details
Candid Industries Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No.1 Survey No.308 Venkateswara Cooperative Indus Trial Estate Jeedimetla, Hyderabad, Telangana, India – 500855
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Candid 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
Business activity
The main business activity of Candid Industries is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Candid Industries Limited, buy the company report.
Financials of Candid Industries Limited
FY 2019 filings availableCandid Industries Limited reported revenue of ₹200.9 Cr (down 75% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over three years, including a 75% fall in the latest year. EBITDA fell 51% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹200.9 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.9 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹25.39 Lakh | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | ||||
| 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 Candid Industries Limited, buy the company report.
Board of directors of Candid Industries Limited
Candid Industries has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shri Anil Biswas | Additional Director | 16 Nov 2021 | 4 Years 11 Months | Current |
| Vasunandan Reddy Akepati Also directs: Venkatadri Securities and Trading Private Limited | Additional Director | 23 May 2025 | 1 Years 5 Months | Current |
| Yousuf Ansari Syed Also directs: Pradhan Agri-Infra Services Private Limited, Pyramid Corporation Limited, Affluence Engineering and Enterprises Limited and 5 more | Additional Director | 28 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Candid Industries Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| J.M. Ispat Private Limited | ₹202.75 Cr (FY 2025) | 1.0% | Majhola, Tehsil-Khatima, Uttarakhand, India | |||
| MMCL Steels Private Limited | ₹201.6 Cr (FY 2025) | 119.0% | Ghaziabad, Uttar Pradesh, India | |||
| Candid Industries Limitedthis company | ₹200.9 Cr (FY 2019) | -₹25.39 Lakh | -0.1% | -75.0% | Hyderabad, Telangana, India | |
| Hari Steel Industries Limited | ₹200.87 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Pratul Enterprises Private Limited | ₹199.1 Cr (FY 2025) | 2.0% | Mandi Gobindgarh, Punjab, India |
To see the full peer comparison of Candid Industries Limited, buy the company report.
Auditor
Candid Industries Limited is audited by GANTI VENKATESWARA SURYANARAYANA MURTHI for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GANTI VENKATESWARA SURYANARAYANA MURTHI | FY 2019 |
Shareholding
The shareholding of Candid Industries Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Candid Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Oct 2011 | 10314536 | Central Bank of India | ₹300 Cr | Open | |
| 28 Jul 2011 | 10306671 | Andhra Bank | ₹60 Cr | Open | |
| 05 May 1992 | 90339916 | State Bank of Hyderabad | ₹30 Lakh | Open | |
| 08 Jan 1992 | 90339902 | Bank of Baroda | ₹13.32 Lakh | Open | |
| 22 Nov 2010 | 10261419 | Oriental Bank of Commerce | ₹10 Cr | Satisfied |
To see the full charge records of Candid Industries Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Candid Industries Limited has 1 deal on record (1 acquisition); the latest was in February 2009.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2009 | Acquisition | ₹15.86 Cr | Buyer: Sujana Universal Industries Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Candid Industries Limited has 21 court cases on record: 14 filed by Candid Industries, 7 filed against it. 3 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 3 | 2 |
| District courts | 3 | 3 | 0 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by Madhucon Infra Ltd | Pending |
| NCLT, Chennai | Insolvency matter | Filed by the company against M/S.Best & Crompton Engineering Projects Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Central Bank of India | Disposed |
| High Court, TELANGANA | Revision petition | Filed by the company against Highgrace Investments Pvt. Ltd., | Disposed |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by Highgrace Investments Private Ltd., | Disposed |
To see the full case history of Candid 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 Candid Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Candid Industries has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Srichakra Merchandising Private Limited | U29305TN1999PTC042452 |
To see the full group structure of Candid Industries Limited, buy the company report.
GST
Candid Industries has 3 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 Candid Industries Limited, buy the company report.
Recent activity
Candid Industries Limited has 19 board changes on record since 2008: 3 appointments and 16 cessations. The latest: Yousuf Ansari Syed was appointed as Additional Director on 28 Nov 2025.
22 earlier events are in the company report.
Frequently asked questions
Candid Industries is an active public limited company based in Hyderabad, Telangana, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 19 August 1991 (35+ years old) and is registered under CIN U18100TG1991PLC013088.
Candid Industries has 3 current directors:
- Shri Anil Biswas - Additional Director
- Vasunandan Reddy Akepati - Additional Director
- Yousuf Ansari Syed - Additional Director
The latest financial statements of Candid Industries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Candid Industries has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Candid Industries is U18100TG1991PLC013088. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candid Industries has 21 court cases on record: 14 filed by the company and 7 filed against it. 3 are pending. Most are in the high courts.
Candid Industries was incorporated on 19 August 1991, making it 35+ years old. It is registered with the Registrar of Companies, Hyderabad.
Candid Industries has 1 deal on record (1 acquisition); the latest was in February 2009.
The peers of Candid Industries by revenue are J.M. Ispat Private Limited, MMCL Steels Private Limited, Hari Steel Industries Limited, Pratul Enterprises Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Yousuf Ansari Syed was appointed as Additional Director on 28 Nov 2025. Sridhar Vasi Reddy ceased to be Additional Director on 23 May 2025. Vasunandan Reddy Akepati was appointed as Additional Director on 23 May 2025. Candid Industries has 19 board changes on record in total.
The registered office of Candid Industries is at Plot No.1 Survey No.308 Venkateswara Cooperative Indus Trial Estate Jeedimetla, Hyderabad, Telangana, India – 500855.
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