About Doshion Private Limited
Data last updated:
Doshion Private Limited is a private limited company based in Ahmedabad, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the water treatment segment of the environmental services sector. It was incorporated on 03 April 1995.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24110GJ1995PTC025307. Its GSTIN is 24AAACD8771G1ZN (Gujarat). The company holds 9 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹39.39 Cr. It was formerly known as Doshion Limited and Doshi Ion Exchange and Chemical Industries Limited. It is led by directors Ashit Dhirajlal Doshi (Managing Director) and Rakshit Dhirajlal Doshi.
Its last annual general meeting (AGM) was held on 30 March 2019, and its latest financial statements are for the year ended 31 March 2018. The registered office is at A – 806 Sankalp Iconic Tower Iscon – Ambli Road, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2018, the company reported a revenue of ₹29.18 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹10.77 Cr (net margin -36.9%) and EBITDA of -₹9.16 Cr (EBITDA margin -31.4%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
The company is associated with 1 brand: Doshion. As per MCA filings, the company has open charges of ₹1,256.81 Cr and satisfied charges of ₹172.56 Cr on record. Court records list 349 cases involving the company, including 177 filed by the company and 174 filed against it; 64 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹72.41 Cr; the latest was in May 2012. The company has 4 MSME Form 1 returns on record between 2019 and 2020, listing 9 overdue payments to 2 micro and small suppliers.
The last known website on record is doshion.com.
Company details
Name history
Doshion has undergone 2 name changes throughout its history. The company was previously known as Doshion Limited, and Doshi Ion Exchange And Chemical Industries Limited. The current legal name is Doshion Private Limited.
| Company Name | Status |
|---|---|
| Doshion Private Limited | Current |
| Doshion Limited | Previous |
| Doshi Ion Exchange And Chemical Industries Limited | Previous |
CIN history
Doshion has one previous CIN (Corporate Identification Number): U24110GJ1995PLC025307. The current CIN is U24110GJ1995PTC025307, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24110GJ1995PTC025307 | Current |
| U24110GJ1995PLC025307 | Previous |
Contact details
Doshion Private Limited's registered office is in Ahmedabad, Gujarat. Its website is doshion.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 806 Sankalp Iconic Tower Iscon – Ambli Road, Ahmedabad, Gujarat, India – 380054
- IndustryEnvironment, Water Treatment
To see the full contact details of Doshion 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
Doshion operates one associated brand: Doshion. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of waste water management services | doshion.com |
Business activity
The main business activities of Doshion are manufacturing and professional, scientific and technical. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Doshion Private Limited, buy the company report.
Financials of Doshion Private Limited
FY 2018 filings availableDoshion Private Limited reported revenue of ₹29.18 Cr (down 23% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over three years, including a 23% fall in the latest year. EBITDA fell 444% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹29.18 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹9.16 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹10.77 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -31.4% | |||
| Net Profit Margin | -36.9% | |||
| 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 Doshion Private Limited, buy the company report.
Board of directors of Doshion Private Limited
Doshion has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakshit Dhirajlal Doshi | Director | 03 Apr 1995 | 31 Years 6 Months | As last reported |
| Ashit Dhirajlal Doshi | Managing Director | 03 Apr 1995 | 31 Years 6 Months | As last reported |
Auditor
Doshion Private Limited is audited by H TALATI & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H TALATI & CO | FY 2018 | 134956W |
Shareholding
The shareholding of Doshion Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Doshion Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2015 | 10564655 | Bank of Maharashtra | ₹95.41 Cr | Open | |
| 12 Sep 2014 | 10523241 | Dena Bank | ₹88.87 Cr | Open | |
| 27 Aug 2014 | 10521330 | Idbi Bank Limited | ₹33.15 Cr | Open | |
| 26 Nov 2013 | 10472061 | Il & Fs Trust Company Limited | ₹408.64 Cr | Open | |
| 20 Mar 2013 | 10417232 | Tata Capital Financial Services Limited | ₹10 Cr | Open |
To see the full charge records of Doshion Private Limited, buy the company report.
Total charge records: 32 View all charges
Deals & funding
Doshion Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹72.41 Cr; the latest was in May 2012.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Dhirajlal Doshi HUF |
| Dec 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Dhirajlal Doshi HUF, Ashit Doshi HUF, 2 individuals Seller: 4 individuals |
| Nov 2007 | Funding round | ₹35 Cr | Investors: Investcorp |
To see the full deal history of Doshion 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
Doshion Private Limited has 349 court cases on record: 177 filed by Doshion, 174 filed against it. 64 cases are pending and 285 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 208 | 98 | 38 |
| High courts | 105 | 51 | 12 |
| NCLAT | 16 | 14 | 12 |
| NCLT | 13 | 7 | 2 |
| Supreme Court | 7 | 4 | 0 |
Cases on record (5 of 349)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Civil suit | Filed against the company by M/S Doshion Environment Water Solutions India Pvt Ltd Through Mr. Sujit D. Doshi | Pending |
| District court, Ahmedabad, Gujarat | Civil suit | Filed against the company by Fivebro Water Services Private Limited Through Aditya Nishit Doshi | Pending |
| High Court, TELANGANA | Appeal | Filed against the company by GVPR Engineers Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Pacific Pipe Systems Pvt. Ltd. and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Phoenix Arc Pvt Ltd | Pending |
To see the full case history of Doshion 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.
Credit ratings & regulatory alerts
Doshion Private Limited was last rated by Crisil on 25 Jul 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Jul 2016 |
To see the full credit ratings and regulatory alerts of Doshion Private Limited, buy the company report.
MSME payment delays
Doshion Private Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 9 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Gondwana Engineers Ltd | |||
| Fivebro International Private Limited |
To see the full MSME payment records of Doshion Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Doshion has 8 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Pacific Pipe Systems Private Limited | U28110GJ2008PTC053182 | |
| Doshion Fabrication Company Private Limited | U29100GJ2008PTC055415 | |
| Thomson Nusa Metals Private Limited | U31501TN1992PTC023326 | |
| Nagaur Water Supply Company Private Limited | U41000GJ2008PTC053373 | |
| Shivpuri Water Infrastructure Private Limited | U41000GJ2009PTC057906 | |
| Doshion Water Umbrella (Cuddalore) Private Limited | U41000GJ2011PTC064934 |
To see the full group structure of Doshion Private Limited, buy the company report.
Employees & EPFO
Doshion Private Limited has a workforce of 4 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Doshion has 9 GST registrations: 4 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD8771G1ZN | Gujarat | Active | 01 Jul 2017 |
| 08AAACD8771G1ZH | Rajasthan | Active | 01 Jul 2017 |
| 29AAACD8771G1ZD | Karnataka | Active | 01 Jul 2017 |
| 23AAACD8771G2ZO | Madhya Pradesh | Active | 05 Jan 2018 |
To see the full GST registrations and return filing status of Doshion Private Limited, buy the company report.
Recent activity
Doshion Private Limited has 12 board changes on record since 1995: 2 appointments and 10 cessations. The latest: Amit Dhirajlal Doshi ceased to be Director on 05 Nov 2016.
57 earlier events are in the company report.
Frequently asked questions
Doshion is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Doshion is a company under liquidation, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in water treatment, within the environment industry. It was incorporated on 03 April 1995 and is registered under CIN U24110GJ1995PTC025307. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Doshion has 2 current directors:
- Ashit Dhirajlal Doshi - Managing Director
- Rakshit Dhirajlal Doshi - Director
The latest financial statements of Doshion on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 March 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Doshion is U24110GJ1995PTC025307. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Doshion has open charges of ₹1,256.81 Cr and satisfied charges of ₹172.56 Cr as per latest MCA filings.
Doshion has 349 court cases on record: 177 filed by the company and 174 filed against it. 64 are pending. Most are in the district courts.
Doshion was incorporated on 03 April 1995. It is registered with the Registrar of Companies, Ahmedabad.
Doshion has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹72.41 Cr; the latest was in May 2012.
Amit Dhirajlal Doshi ceased to be Director on 05 Nov 2016. Rishi Dayanand Kharkwal ceased to be Nominee Director on 26 Feb 2016. Dhirajlal Shivlal Doshi ceased to be Whole-Time Director on 25 Dec 2014. Doshion has 12 board changes on record in total.
Doshion has 4 MSME Form 1 returns on record between 2019 and 2020, listing 9 overdue payments to 2 micro and small suppliers. The latest return was filed on 26 Dec 2020.