About Cheer Breweries Limited
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Cheer Breweries Limited is a public limited company based in Indore, Madhya Pradesh, India, a subsidiary of Great Galleon Ventures Limited. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 12 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U15512MP1999PLC013622. Its GSTIN is 23AACCC6116C1ZD (Madhya Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.93 Cr. It was formerly known as Cheers Breweries Limited. It is led by directors including Sunit Madhok (Managing Director) and Suresh Kejriwal.
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 307 Princess Business Skypark III Floor Scheme No. 54 Pu – 3, Indore, Madhya Pradesh, India – 452010.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.95 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹9.66 Cr (net margin 28.4%) and EBITDA of ₹27.42 Cr (EBITDA margin 80.8%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 170% over five years.
As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹65.34 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website yaarybeer.com.
Company details
Contact details
Cheer Breweries Limited's registered office is in Indore, Madhya Pradesh. Its website is yaarybeer.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address307 Princess Business Skypark III Floor Scheme No. 54 Pu – 3, Indore, Madhya Pradesh, India – 452010
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Cheer Breweries 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 Cheer Breweries is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Cheer Breweries Limited, buy the company report.
Financials of Cheer Breweries Limited
FY 2024 filings availableCheer Breweries Limited reported revenue of ₹33.95 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 170% over five years, including 9% growth in the latest year. EBITDA rose 9% 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 |
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| EBITDA | ₹27.42 Cr | ||||
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| Net Profit (PAT) | ₹9.66 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 80.8% | ||||
| Net Profit Margin | 28.4% | ||||
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To see the full financial statements and ratios of Cheer Breweries Limited, buy the company report.
Board of directors of Cheer Breweries Limited
Cheer Breweries has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kejriwal | Director | 20 Apr 2019 | 7 Years 6 Months | Current |
| Vishnu Laxman Sawant | Director | 22 Feb 2024 | 2 Years 8 Months | Current |
| Sunit Madhok | Managing Director | 17 Jan 2018 | 8 Years 9 Months | Current |
| Vinay Kumar Kedia | Director | 14 Jul 2015 | 11 Years 3 Months | Current |
| Mukesh Kumar Jhawar | Director | 30 Sep 2015 | 11 Years 1 Months | Current |
| Shirish Jaltare Also directs: Cloudglory LLP, Silver Oak (India) Limited, Malwa Metal and Fabricators Private Limited and 1 more | Director | 15 Jun 2007 | 19 Years 4 Months | Current |
Auditor
Cheer Breweries Limited is audited by FADNIS & GUPTE LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| FADNIS & GUPTE LLP | FY 2023 | 006600C |
Shareholding
The shareholding of Cheer Breweries 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cheer Breweries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2021 | 100533585 | Others | ₹50 Lakh | Open | |
| 09 Jun 2023 | 100735638 | Others | ₹25 Cr | Satisfied | |
| 04 Jun 2021 | 100453131 | Hdfc Bank Limited | ₹17.11 Lakh | Satisfied | |
| 20 Mar 2021 | 100429339 | Hdfc Bank Limited | ₹17.25 Lakh | Satisfied | |
| 22 Feb 2019 | 100244889 | Others | ₹20 Cr | Satisfied |
To see the full charge records of Cheer Breweries Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Cheer Breweries Limited has 2 court cases on record: 1 filed by Cheer Breweries, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhopal, Madhya Pradesh | Court case (RCS A) | Filed by the company against M/S Suc Builders and Developers Pvt. Ltd. Through Director D.K. Singh | Disposed |
| District court, Bhopal, Madhya Pradesh | Court case (RCS A) | Filed against the company by Ms Suc Builders and Developers Pvt Ltd THR Direct | Disposed |
To see the full case history of Cheer Breweries 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
Cheer Breweries Limited was last rated by Care on 01 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Jul 2022 |
To see the full credit ratings and regulatory alerts of Cheer Breweries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cheer Breweries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Cheer Breweries has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Cheer Breweries has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCC6116C1ZD | Madhya Pradesh | Active | 26 Mar 2021 |
| 29AACCC6116C1Z1 | Karnataka | Active | 08 Feb 2018 |
To see the full GST registrations and return filing status of Cheer Breweries Limited, buy the company report.
Recent activity
Cheer Breweries Limited has 16 board changes on record since 2007: 6 appointments and 10 cessations. The latest: Vishnu Laxman Sawant ceased to be Director on 17 Jul 2025.
20 earlier events are in the company report.
Frequently asked questions
Cheer Breweries is an active public limited company based in Indore, Madhya Pradesh, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 12 July 1999 (27+ years old) and is registered under CIN U15512MP1999PLC013622.
Cheer Breweries has 6 current directors:
- Sunit Madhok - Managing Director
- Suresh Kejriwal - Director
- Vishnu Laxman Sawant - Director
- Vinay Kumar Kedia - Director
- Mukesh Kumar Jhawar - Director
- Shirish Jaltare - Director
The latest financial statements of Cheer Breweries 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 Cheer Breweries is 23AACCC6116C1ZD, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AACCC6116C1Z1 (Karnataka).
The CIN (Corporate Identification Number) of Cheer Breweries is U15512MP1999PLC013622. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cheer Breweries has 2 court cases on record: 1 filed by the company and 1 filed against it.
Cheer Breweries was incorporated on 12 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Gwalior.
Vishnu Laxman Sawant ceased to be Director on 17 Jul 2025. Vishnu Laxman Sawant was appointed as Director on 22 Feb 2024. Dandamudi Kumar Raja ceased to be Additional Director on 30 Sep 2019. Cheer Breweries has 16 board changes on record in total.
Cheer Breweries can be reached through the website yaarybeer.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Cheer Breweries is at 307 Princess Business Skypark III Floor Scheme No. 54 Pu – 3, Indore, Madhya Pradesh, India – 452010.
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