About Citrus Processing India Private Limited
Data last updated:
Citrus Processing India Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Black River Capital Partners Food Fund Holdings Singapore Pte. Ltd.. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the non-alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 22 June 2009.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U15500MH2009PTC193480. Its GSTIN is 27AADCC6936B1ZU (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹17 Cr and a paid-up capital of ₹13.04 Cr. It was led by directors including Deepak Malik and Sanjay Jain.
Its last annual general meeting (AGM) was held on 27 July 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹30.02 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹22.52 Cr (net margin -75%) and EBITDA of -₹4.76 Cr (EBITDA margin -15.9%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 33% over five years.
The company had about 6 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Citrus Processing India. As per MCA filings, the company had open charges of ₹12 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹296.94 Cr; the latest was in July 2013. Its 7 peer companies in the Food and Beverages industry (Non Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 3 smaller; the largest is P D Scientific Industries Private Limited with revenue of ₹31.31 Cr.
The last known website on record is citrus-ind.com.
Company details
Contact details
Citrus Processing India Private Limited's registered office is in Mumbai, Maharashtra. Its website is citrus-ind.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address901 G Regus Business Centre Kolkata Private Ltd G Block Plot C 59 Platina BKC Bandra, (E), Mumbai, Maharashtra, India – 400051
- IndustryFood and Beverages, Non-Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Citrus Processing India Private 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
Brands
Citrus Processing India operates one associated brand: Citrus Processing India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services are handled by Maine Potato Growers in Maine. | citrus-ind.com |
Business activity
The main business activity of Citrus Processing India is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Citrus Processing India Private Limited, buy the company report.
Financials of Citrus Processing India Private Limited
FY 2021 filings availableCitrus Processing India Private Limited reported revenue of ₹30.02 Cr (down 14% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 33%. EBITDA rose 43% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹30.02 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹22.52 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.9% | ||||
| Net Profit Margin | -75% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Citrus Processing India Private Limited, buy the company report.
Board of directors of Citrus Processing India Private Limited
Citrus Processing India has 5 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Malik Also directs: Simply Fresh Private Limited | Director | 17 Jul 2013 | 13 Years 3 Months | As last reported |
| Saurabh Gupta | Nominee Director | 06 Dec 2017 | 8 Years 11 Months | As last reported |
| Sanjay Jain | Director | 30 Oct 2013 | 13 Years 0 Months | As last reported |
| Mohit Wadhwa | Director | 27 Jun 2019 | 7 Years 4 Months | As last reported |
| Martin Hans Wittwer | Director | 22 May 2019 | 7 Years 5 Months | As last reported |
Peer comparison
Citrus Processing India Private Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Non Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P D Scientific Industries Private Limited | ₹31.31 Cr (FY 2024) | 13.0% | Kanpur, Uttar Pradesh, India | |||
| Demigod Agro Food Private Limited | ₹31.12 Cr (FY 2025) | -28.0% | Haridwar, Uttarakhand, India | |||
| Truksha Foods Private Limited | ₹31.12 Cr (FY 2025) | 88.0% | Mahaboobnagar, Telangana, India | |||
| Paiyur Fruit Products Private Limited | ₹31.09 Cr (FY 2023) | 14.0% | Krishnagiri, Tamil Nadu, India | |||
| Citrus Processing India Private Limitedthis company | ₹30.02 Cr (FY 2021) | -₹22.52 Cr | -75% | -14.0% | 6 | Mumbai, Maharashtra, India |
| Hitkary Pharmacy (India) Private Limited | ₹28.87 Cr (FY 2024) | -30.0% | Delhi, India | |||
| Ruby Food Products Private Limited | ₹27.97 Cr (FY 2025) | -6.0% | Madurai, Tamil Nadu, India | |||
| DRV Drinks Private Limited | ₹27.95 Cr (FY 2025) | 33.0% | Muzaffarnagar, Uttar Pradesh, India |
To see the full peer comparison of Citrus Processing India Private Limited, buy the company report.
Auditor
Citrus Processing India Private Limited is audited by M R B & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R B & ASSOCIATES | FY 2021 | 136306W |
Shareholding
The shareholding of Citrus Processing India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Citrus Processing India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Dec 2013 | 10465643 | Kotak Mahindra Bank Limited | ₹12 Cr | Open |
To see the full charge records of Citrus Processing India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Citrus Processing India Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹296.94 Cr; the latest was in July 2013.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2013 | Funding round | ₹294.41 Cr | Investors: Black River Capital, Housing Development Finance Corporation Limited (Hdfc), PepsiCo Panimex Inc |
| Mar 2013 | Funding round | ₹2.53 Cr | Investors: Citrus Processing Mauritius Limited |
| Nov 2009 | Secondary share transfer | Undisclosed | Buyer: Citrus Processing Mauritius Limited, an individual Seller: 2 individuals |
To see the full deal history of Citrus Processing India Private 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
Citrus Processing India Private Limited has 5 court cases on record: 1 filed by Citrus Processing India, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IT) | Filed by the company against an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Disposed |
To see the full case history of Citrus Processing India Private 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 Citrus Processing India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Citrus Processing India Private Limited has a workforce of 6 employees on its EPFO records as of Mar 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 6 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Citrus Processing India Private Limited, buy the company report.
GST
Citrus Processing India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCC6936B1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Citrus Processing India Private Limited, buy the company report.
Recent activity
Citrus Processing India Private Limited has 21 board changes on record since 2010: 5 appointments and 16 cessations. The latest: Satrajit Siva Bhattacharya ceased to be Director on 17 Mar 2021.
14 earlier events are in the company report.
Frequently asked questions
Citrus Processing India has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Citrus Processing India was a private limited company based in Mumbai, Maharashtra, India. The company worked in non-alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 22 June 2009 and is registered under CIN U15500MH2009PTC193480. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Citrus Processing India was incorporated on 22 June 2009. It is registered with the Registrar of Companies, Mumbai.
Citrus Processing India had 5 directors:
- Deepak Malik - Director
- Saurabh Gupta - Nominee Director
- Sanjay Jain - Director
- Mohit Wadhwa - Director
- Martin Hans Wittwer - Director
The CIN (Corporate Identification Number) of Citrus Processing India is U15500MH2009PTC193480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Citrus Processing India is at 901 G Regus Business Centre Kolkata Private Ltd G Block Plot C 59 Platina BKC Bandra, E, Mumbai, Maharashtra, India – 400051.
Citrus Processing India can be reached through the website citrus-ind.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Citrus Processing India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 27 July 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Citrus Processing India is 27AADCC6936B1ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Citrus Processing India operated in the food and beverages industry, in the non-alcoholic beverage manufacturing and distribution segment.
Citrus Processing India has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹296.94 Cr; the latest was in July 2013.
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