Dutyfree Distribution Services Private Limited
About Dutyfree Distribution Services Private Limited
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Dutyfree Distribution Services Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Flemingo Dutyfree Shop Private Limited. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 04 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2007PTC171279. Its GSTIN is 32AACCD6134D1Z9 (Kerala).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1.5 Lakh. It is led by directors Palecanda Karumbaiah Thimmayya and Sujit Sundar Shetty.
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 D73/1 Ttc Inds Area MIDC Turbhe, Navi Mumbai, Maharashtra, India – 400703.
As per the financials filed for FY 2025, the company reported a revenue of ₹66.33 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹2.67 Cr (net margin 4%) and EBITDA of ₹3.79 Cr (EBITDA margin 5.7%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 8% over five years.
Court records list 2 cases involving the company, including 2 filed against it. The company has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in September 2012. Its 4 peer companies in the Food and Beverages industry (Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 2 smaller; the largest is Jharkhand Liquors Private Limited with revenue of ₹66.73 Cr. The company has 3 MSME Form 1 returns on record between 2020 and 2021, listing 118 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Dutyfree Distribution Services Private Limited's registered office is in Navi Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD73/1 Ttc Inds Area MIDC Turbhe, Navi Mumbai, Maharashtra, India – 400703
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Dutyfree Distribution Services 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
Business activity
The main business activity of Dutyfree Distribution Services 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 Dutyfree Distribution Services Private Limited, buy the company report.
Financials of Dutyfree Distribution Services Private Limited
FY 2024 filings availableDutyfree Distribution Services Private Limited reported revenue of ₹66.33 Cr (down 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 45% fall in the latest year. EBITDA rose 48% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.79 Cr | ||||
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| Net Profit (PAT) | ₹2.67 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5.7% | ||||
| Net Profit Margin | 4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Dutyfree Distribution Services Private Limited, buy the company report.
Board of directors of Dutyfree Distribution Services Private Limited
Dutyfree Distribution Services has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palecanda Karumbaiah Thimmayya Also directs: Flemingo Travel Retail Private Limited, Rozeus Retail Private Limited, Flemingo Liners Private Limited and 4 more | Director | 07 Sep 2013 | 13 Years 2 Months | Current |
| Sujit Sundar Shetty | Director | 01 Feb 2022 | 4 Years 9 Months | Current |
Peer comparison
Dutyfree Distribution Services Private Limited is compared with the 4 companies closest to it by revenue in the Food and Beverages industry (Food and Beverages 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 |
|---|---|---|---|---|---|---|
| Jharkhand Liquors Private Limited | ₹66.73 Cr (FY 2016) | 5.0% | Dhanbad, Jharkhand, India | |||
| Debarpita Overseas Private Limited | ₹66.34 Cr (FY 2025) | 274.0% | Kolkata, West Bengal, India | |||
| Dutyfree Distribution Services Private Limitedthis company | ₹66.33 Cr (FY 2025) | ₹2.67 Cr | 4% | -45.0% | Navi Mumbai, Maharashtra, India | |
| Komal Agrotech Private Limited | ₹66.3 Cr (FY 2025) | -6.0% | Hyderabad, Telangana, India | |||
| Chatur Bhuj Vark Wala Private Limited | ₹65.7 Cr (FY 2025) | -7.0% | Delhi, India |
To see the full peer comparison of Dutyfree Distribution Services Private Limited, buy the company report.
Auditor
Dutyfree Distribution Services Private Limited is audited by Swamy & Chhabra, for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Swamy & Chhabra, | FY 2022 | 113036W |
Shareholding
The shareholding of Dutyfree Distribution Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dutyfree Distribution Services Private Limited, buy the company report.
Deals & funding
Dutyfree Distribution Services Private Limited has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in September 2012.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2012 | Acquisition | Undisclosed | Buyer: Flemingo Dutyfree Shop Private Limited Seller: 3 individuals |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dutyfree Distribution Services Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-15, Mumbai | Disposed |
To see the full case history of Dutyfree Distribution Services 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
Dutyfree Distribution Services Private Limited has 3 MSME Form 1 returns on record between 2020 and 2021, listing 118 overdue payments to 10 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 (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aparajitha Corporate Services Private Limited | |||
| Paysquare Consultancy Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Indigoody Souvenir Corporation |
To see the full MSME payment records of Dutyfree Distribution Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Dutyfree Distribution Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AACCD6134D1Z9 | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dutyfree Distribution Services Private Limited, buy the company report.
Recent activity
Dutyfree Distribution Services Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Sujit Sundar Shetty ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Dutyfree Distribution Services is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 04 June 2007 (19+ years old) and is registered under CIN U51101MH2007PTC171279.
Dutyfree Distribution Services has 2 current directors:
- Palecanda Karumbaiah Thimmayya - Director
- Sujit Sundar Shetty - Director
The latest financial statements of Dutyfree Distribution Services 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 Dutyfree Distribution Services is 32AACCD6134D1Z9, registered in Kerala.
The CIN (Corporate Identification Number) of Dutyfree Distribution Services is U51101MH2007PTC171279. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dutyfree Distribution Services has 2 court cases on record: 2 filed against it.
Dutyfree Distribution Services was incorporated on 04 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Dutyfree Distribution Services has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in September 2012.
The peers of Dutyfree Distribution Services by revenue are Jharkhand Liquors Private Limited, Debarpita Overseas Private Limited, Komal Agrotech Private Limited, Chatur Bhuj Vark Wala Private Limited, all in the Food and Beverages industry (Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading).
Sujit Sundar Shetty ceased to be Additional Director on 30 Sep 2022. Sujit Sundar Shetty was appointed as Director on 01 Feb 2022. Viren Vini Ahuja ceased to be Director on 01 Feb 2022. Dutyfree Distribution Services has 7 board changes on record in total.
Dutyfree Distribution Services has 3 MSME Form 1 returns on record between 2020 and 2021, listing 118 overdue payments to 10 micro and small suppliers. The latest return was filed on 28 May 2021.
The registered office of Dutyfree Distribution Services is at D731 Ttc Inds Area MIDC Turbhe, Navi Mumbai, Maharashtra, India – 400703.
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