About Cigfil Ltd
Data last updated:
Cigfil Ltd is a public limited company based in Chennai, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 August 1970 and has been in existence for over 56 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U16000TN1970PLC005883. Its GSTIN is 33AAACC3120C2ZN (Tamil Nadu). The company holds 27 GST registrations, of which 24 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.98 Cr. It was formerly known as Cigfil Private Limited. It is led by directors including Ramanathan Panchapakesan (Managing Director) and Panchapakesan Malathi.
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 No.37 Armenian Street Chennai – 1. Tamil Nadu, Tamil Nadu, India – 600001.
As per the financials filed for FY 2024, the company reported a revenue of ₹3,659.84 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹2.16 Cr (net margin 0.1%) and EBITDA of ₹10.42 Cr (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 235% over three years and 114% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cigfil. As per MCA filings, the company has open charges of ₹37.8 Cr and satisfied charges of ₹93.53 Cr on record. Court records list 21 cases involving the company, including 7 filed by the company and 14 filed against it; 4 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹4.84 Cr; the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cigfil.com.
Company details
Contact details
Cigfil Ltd's registered office is in Chennai, Tamil Nadu. Its website is cigfil.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.37 Armenian Street Chennai – 1. Tamil Nadu, Tamil Nadu, India – 600001
- IndustryManufacturing, Textile & Fabric Production, Plastic-Based Products
To see the full contact details of Cigfil Ltd, 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
Brands
Cigfil operates one associated brand: Cigfil. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of polymer products, packaging, and diversified industrial supplies in India. | cigfil.com |
Business activity
The main business activities of Cigfil are trade and manufacturing. In detail, this covers retail trading and food, beverages and tobacco products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Cigfil Ltd, buy the company report.
Financials of Cigfil Ltd
FY 2024 filings availableCigfil Ltd reported revenue of ₹3,659.84 Cr (up 46% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 114% over five years, including 46% growth in the latest year. EBITDA rose 17% 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 | ₹10.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.16 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 | 0.3% | ||||
| 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 Cigfil Ltd, buy the company report.
Board of directors of Cigfil Ltd
Cigfil has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranganatha Guptha Santhanakrishna Also directs: Cedarview Technology Private Limited | Additional Director | 12 Jun 2025 | 1 Years 4 Months | Current |
| Panchapakesan Malathi | Director | 15 Jul 2010 | 16 Years 3 Months | Current |
| Ramasamy Marimuthu Shanmukham | Director | 28 Jun 1988 | 38 Years 3 Months | Current |
| Mahalingam Vaidyanathan | Additional Director | 12 Jun 2025 | 1 Years 4 Months | Current |
| Ramanathan Panchapakesan | Managing Director | 28 Oct 2010 | 15 Years 11 Months | Current |
Auditor
Cigfil Ltd is audited by N NARESH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N NARESH & CO | FY 2023 | 011293S |
Shareholding
The shareholding of Cigfil Ltd 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 Cigfil Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2020 | 100328974 | Others | ₹37.8 Cr | Open | |
| 17 Nov 2020 | 100392422 | Others | ₹3.4 Cr | Satisfied | |
| 21 Mar 2019 | 100252926 | Others | ₹18.12 Cr | Satisfied | |
| 19 Feb 2018 | 100160513 | Others | ₹38.28 Lakh | Satisfied | |
| 14 Nov 2017 | 100149028 | Others | ₹2.02 Cr | Satisfied |
To see the full charge records of Cigfil Ltd, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Cigfil Ltd has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹4.84 Cr; the latest was in March 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2014 | Funding round | ₹4.84 Cr | Investors: 3 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cigfil Ltd has 21 court cases on record: 7 filed by Cigfil, 14 filed against it. 4 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 8 | 3 |
| High courts | 7 | 5 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms C.H. Robinson International (India) Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms C.H. Robinson International (India) Pvt Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed by the company against an individual | Pending |
To see the full case history of Cigfil Ltd, 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
Cigfil Ltd was last rated by Brickwork on 27 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 27 May 2022 |
To see the full credit ratings and regulatory alerts of Cigfil Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cigfil Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cigfil Ltd has a workforce of 27 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
Cigfil has 27 GST registrations: 24 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACC3120C2ZN | Tamil Nadu | Active | 10 Nov 2021 |
| 29AAACC3120C1ZD | Karnataka | Active | 01 Jul 2017 |
| 06AAACC3120C1ZL | Haryana | Active | 30 Oct 2021 |
| 21AAACC3120C1ZT | Odisha | Active | 03 Nov 2021 |
To see the full GST registrations and return filing status of Cigfil Ltd, buy the company report.
Recent activity
Cigfil Ltd has 10 board changes on record since 1988: 5 appointments and 5 cessations. The latest: Mahalingam Vaidyanathan was appointed as Additional Director on 12 Jun 2025.
48 earlier events are in the company report.
Frequently asked questions
Cigfil is an active public limited company based in Chennai, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 03 August 1970 (56+ years old) and is registered under CIN U16000TN1970PLC005883.
Cigfil has 5 current directors:
- Ramanathan Panchapakesan - Managing Director
- Ranganatha Guptha Santhanakrishna - Additional Director
- Panchapakesan Malathi - Director
- Ramasamy Marimuthu Shanmukham - Director
- Mahalingam Vaidyanathan - Additional Director
The latest financial statements of Cigfil 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 Cigfil is 33AAACC3120C2ZN, registered in Tamil Nadu. The company has 27 GST registrations in all, of which 24 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAACC3120C1ZD (Karnataka), 06AAACC3120C1ZL (Haryana), 21AAACC3120C1ZT (Odisha).
The CIN (Corporate Identification Number) of Cigfil is U16000TN1970PLC005883. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cigfil has 21 court cases on record: 7 filed by the company and 14 filed against it. 4 are pending. Most are in the district courts.
Cigfil was incorporated on 03 August 1970, making it 56+ years old. It is registered with the Registrar of Companies, Chennai.
Cigfil has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹4.84 Cr; the latest was in March 2024.
Mahalingam Vaidyanathan was appointed as Additional Director on 12 Jun 2025. Ranganatha Guptha Santhanakrishna was appointed as Additional Director on 12 Jun 2025. Kadirvel Subbiah ceased to be Director on 15 May 2019. Cigfil has 10 board changes on record in total.
Cigfil can be reached through the website cigfil.com. Its registered office is in Chennai, Tamil Nadu, India.