About Elite Green Private Limited
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Elite Green Private Limited is a private limited company based in Ambli, Gujarat, India. It operates in the organic and health foods segment of the food and beverages sector. It was incorporated on 26 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U01111GJ2008PTC054027. Its GSTIN is 24AABCE9775A1ZR (Gujarat). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹94.5 Lakh. It is led by directors including Sariga Karathan Madhavan Raghulal and Raguram Thandassery Raghulal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Door No.901 9th Floor – Bsquare – 1 Iscon To Ambli Road, Gujarat, India – 380058.
As per the financials filed for FY 2024, the company reported a revenue of ₹621.53 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹12.12 Cr (net margin 1.9%) and EBITDA of ₹20.22 Cr (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 61% over three years and 42% over five years.
The company has about 47 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Thelitecart and Elite Green. As per MCA filings, the company has open charges of ₹74.73 Cr and satisfied charges of ₹33.25 Cr on record. Court records list 71 cases involving the company, including 22 filed by the company and 49 filed against it; 23 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹93.5 Lakh; the latest was in March 2015. Its 7 peer companies in the Food and Beverages industry (Health and Organic Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 5 larger and 2 smaller; the largest is Sanstar Limited with revenue of ₹971.45 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elitegreen.in.
Company details
Contact details
Elite Green Private Limited's registered office is in Ambli, Gujarat. Its website is elitegreen.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDoor No.901 9th Floor – Bsquare – 1 Iscon To Ambli Road, Gujarat, India – 380058
- IndustryFood and Beverages, Organic & Health Foods
To see the full contact details of Elite Green 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
Elite Green operates two associated brands: Thelitecart and Elite Green. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Thelitecart operates a direct-to-consumer brand specializing in online cake sales. | thelitecart.com | |
| Organic food manufacturing and processing are conducted by Elite Green in India through sustainable practices. | elitegreen.in |
Business activity
The main business activity of Elite Green 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 Elite Green Private Limited, buy the company report.
Financials of Elite Green Private Limited
FY 2025 filings availableElite Green Private Limited reported revenue of ₹621.53 Cr (up 556% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 556% growth in the latest year. EBITDA rose 305% 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 | ₹20.22 Cr | ||||
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| Net Profit (PAT) | ₹12.12 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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| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 1.9% | ||||
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To see the full financial statements and ratios of Elite Green Private Limited, buy the company report.
Board of directors of Elite Green Private Limited
Elite Green has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sariga Karathan Madhavan Raghulal Also directs: Elite Retail Ventures India LLP, Elite Specialities Private Limited, Elite Natural Private Limited and 5 more | Director | 26 May 2008 | 18 Years 5 Months | Current |
| Raguram Thandassery Raghulal | Director | 20 Nov 2020 | 5 Years 11 Months | Current |
| Danesa Thandassery Raghulal Also directs: Elite Retail Ventures India LLP, Elite Specialities Private Limited, Elite Natural Private Limited and 5 more | Director | 06 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Elite Green Private Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Health and Organic Foods), 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 |
|---|---|---|---|---|---|---|
| Sanstar Limited | ₹971.45 Cr (FY 2025) | -14.0% | Ahmedabad, Gujarat, India | |||
| Sonic Biochem Extractions Private Limited | ₹961.86 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Paramesu Biotech Limited | ₹769.26 Cr (FY 2025) | 22.0% | Devarapalli, Andhra Pradesh, India | |||
| Jagatjit Industries Limited | ₹670.34 Cr (FY 2025) | -9.0% | Punjab, India | |||
| Lion Dates Impex Private Limited | ₹643.13 Cr (FY 2025) | 12.0% | Chennai, Tamil Nadu, India | |||
| Elite Green Private Limitedthis company | ₹621.53 Cr (FY 2024) | ₹12.12 Cr | 1.9% | 556.0% | 47 | Ambli, Gujarat, India |
| Barmalt Malting (India) Private Limited | ₹561.75 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Tirupati Agro Seed Distributors Private Limited | ₹558.34 Cr (FY 2025) | 137.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Elite Green Private Limited, buy the company report.
Auditor
Elite Green Private Limited is audited by Mohandas & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mohandas & Associates | FY 2022 | 02116S |
Shareholding
The shareholding of Elite Green 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Elite Green Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2020 | 100399736 | Hdfc Bank Limited | ₹1.23 Cr | Open | |
| 30 Nov 2013 | 10467630 | Axis Bank Limited | ₹73.5 Cr | Open | |
| 24 Oct 2018 | 100215897 | Axis Bank Limited | ₹31.75 Cr | Satisfied | |
| 25 Oct 2012 | 10386988 | India Factoring and Finance Solutions Private Limited | ₹1.5 Cr | Satisfied |
To see the full charge records of Elite Green Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Elite Green Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹93.5 Lakh; the latest was in March 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹63 Lakh | Investors: 2 individuals |
| Nov 2013 | Funding round | ₹30.5 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Elite Green Private Limited has 71 court cases on record: 22 filed by Elite Green, 49 filed against it. 23 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 27 | 27 | 14 |
| High courts | 16 | 6 | 6 |
| NCLT | 15 | 15 | 0 |
| District courts | 13 | 1 | 3 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed by the company against Meir Commodities India Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Yamuna Roller Flour Mills Pvt. Ltd | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Elite Tasty Toast Pvt Ltd | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Elite Foods Private Limited | Pending |
| High Court | Court case (OP(C)) | Filed by the company against Manappuram Finance Limited and 1 other | Disposed |
To see the full case history of Elite Green 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
Elite Green Private Limited was last rated by Crisil on 01 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 01 Oct 2020 |
To see the full credit ratings and regulatory alerts of Elite Green Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Elite Green Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Elite Green Private Limited has a workforce of 47 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Elite Green has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCE9775A1ZR | Gujarat | Active | 01 Jul 2017 |
| 23AABCE9775A1ZT | Madhya Pradesh | Active | 01 Jul 2017 |
| 32AABCE9775A1ZU | Kerala | Active | 01 Jul 2017 |
| 27AABCE9775A2ZK | Maharashtra | Active | 19 Apr 2022 |
To see the full GST registrations and return filing status of Elite Green Private Limited, buy the company report.
Recent activity
Elite Green Private Limited has 7 board changes on record since 2008: 3 appointments and 4 cessations. The latest: Raguram Thandassery Raghulal ceased to be Additional Director on 26 Mar 2021.
6 earlier events are in the company report.
Frequently asked questions
Elite Green is an active private limited company based in Ambli, Gujarat, India. The company works in organic and health foods, within the food and beverages industry. It was incorporated on 26 May 2008 (18+ years old) and is registered under CIN U01111GJ2008PTC054027.
Elite Green has 3 current directors:
- Sariga Karathan Madhavan Raghulal - Director
- Raguram Thandassery Raghulal - Director
- Danesa Thandassery Raghulal - Director
The latest financial statements of Elite Green on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Elite Green is 24AABCE9775A1ZR, registered in Gujarat. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 23AABCE9775A1ZT (Madhya Pradesh), 32AABCE9775A1ZU (Kerala), 27AABCE9775A2ZK (Maharashtra).
The CIN (Corporate Identification Number) of Elite Green is U01111GJ2008PTC054027. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elite Green has 71 court cases on record: 22 filed by the company and 49 filed against it. 23 are pending. Most are in the nclat.
Elite Green was incorporated on 26 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Elite Green has 2 deals on record (2 funding rounds), with disclosed funding of ₹93.5 Lakh; the latest was in March 2015.
The peers of Elite Green by revenue are Sanstar Limited, Sonic Biochem Extractions Private Limited, Paramesu Biotech Limited, Jagatjit Industries Limited, Lion Dates Impex Private Limited and 2 more, all in the Food and Beverages industry (Health and Organic Foods), with the same principal business activity (food, beverages and tobacco products).
Raguram Thandassery Raghulal ceased to be Additional Director on 26 Mar 2021. Raguram Thandassery Raghulal was appointed as Director on 20 Nov 2020. Thandassery Raghavan Raghulal ceased to be Director on 20 Nov 2020. Elite Green has 7 board changes on record in total.
Elite Green can be reached through the website elitegreen.in. Its registered office is in Ambli, Gujarat, India.
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