Ethelbari Tea Co (1932)Ltd
About Ethelbari Tea Co (1932)Ltd
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Ethelbari Tea Co (1932)Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the tea and coffee processing segment of the agriculture sector. It was incorporated on 27 September 1932 and has been in existence for over 94 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U15491WB1932PLC007473. Its GSTIN is 19AAACT9719J1ZT (West Bengal).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Mahendra Kumar Patel (Whole-Time Director) and Hemang Mahendrabhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2023. The registered office is at P – 36 India Exchange Place 4th Floor Room No.53 Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2023, the company reported a revenue of ₹16.32 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹4.78 Lakh (net margin 0.3%) and EBITDA of ₹78.66 Lakh (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹23.56 Cr on record. Court records list 6 cases involving the company, including 6 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Ethelbari Tea Co (1932) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U15491WB1932PLC007473, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15491WB1932PLC007473 | Current |
| U15491WB1932PTC007473 | Previous |
| L15491WB1932PLC007473 | Previous |
Contact details
Ethelbari Tea Co (1932)Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressP – 36 India Exchange Place 4th Floor Room No.53 Kolkata, West Bengal, India – 700001
- IndustryAgriculture, Tea & Coffee Processing
To see the full contact details of Ethelbari Tea Co (1932)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
Business activity
The main business activity of Ethelbari Tea Co (1932) 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 Ethelbari Tea Co (1932)Ltd, buy the company report.
Financials of Ethelbari Tea Co (1932)Ltd
FY 2023 filings availableEthelbari Tea Co (1932)Ltd reported revenue of ₹16.32 Cr (down 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 36% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹16.32 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹78.66 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.78 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 Ethelbari Tea Co (1932)Ltd, buy the company report.
Board of directors of Ethelbari Tea Co (1932)Ltd
Ethelbari Tea Co (1932) has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemang Mahendrabhai Patel Also directs: Aatya-Avinya-Arka Analytics Private Limited | Director | 23 Apr 2011 | 15 Years 6 Months | Current |
| Niraj Patel | Director | 23 Apr 2011 | 15 Years 6 Months | Current |
| Pritaben Patel | Director | 22 Mar 2012 | 14 Years 7 Months | Current |
| Mahendra Kumar Patel | Whole-Time Director | 08 Jan 2011 | 15 Years 10 Months | Current |
Peer comparison
Ethelbari Tea Co (1932)Ltd is compared with the 6 companies closest to it by revenue in the Agriculture industry (Tea and Coffee), 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 |
|---|---|---|---|---|---|---|
| Ozori Industries Private Limited | ₹16.49 Cr (FY 2024) | 36.0% | Pune, Maharashtra, India | |||
| The Belgachi Tea Co. Ltd | ₹16.45 Cr (FY 2025) | 8.0% | Siliguri, West Bengal, India | |||
| Dooars Tea Estate Private Limited | ₹16.38 Cr (FY 2025) | 36.0% | Siliguri, West Bengal, India | |||
| Ethelbari Tea Co (1932)Ltdthis company | ₹16.32 Cr (FY 2023) | ₹4.78 Lakh | 0.3% | -4.0% | Kolkata, West Bengal, India | |
| Dhendai Tea & Industries Private Limited | ₹16.25 Cr (FY 2025) | 28.0% | Kolkata, West Bengal, India | |||
| Hirajuli Tea Company Private Limited | ₹16.2 Cr (FY 2025) | 19.0% | Kolkata, West Bengal, India | |||
| Abhijit Tea Co Pvt Ltd | ₹16.19 Cr (FY 2025) | 30.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Ethelbari Tea Co (1932)Ltd, buy the company report.
Shareholding
The shareholding of Ethelbari Tea Co (1932)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 Ethelbari Tea Co (1932)Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2011 | 10308005 | Others | ₹7.07 Cr | Open | |
| 03 Feb 2010 | 10202569 | United Bank of India | ₹3.08 Cr | Open | |
| 23 Feb 2009 | 10149512 | United Bank of India | ₹3.1 Cr | Open | |
| 22 Jan 2008 | 10087779 | United Bank of India | ₹2.9 Cr | Open | |
| 16 Feb 2007 | 10042342 | United Bank of India | ₹3.1 Cr | Open |
To see the full charge records of Ethelbari Tea Co (1932)Ltd, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ethelbari Tea Co (1932)Ltd has 6 court cases on record: 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (FMA) | Filed against the company by Coal India Ltd. | Disposed |
| Calcutta High Court | Revision petition | Filed against the company by Coal India Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by an individual | Disposed |
| Calcutta High Court | Court case (ITAT) | Filed against the company by Commissioner of Income Tax, Kolkata-Ii | Disposed |
| Calcutta High Court | Court case (ITAT) | Filed against the company by Commissioner of Income Tax, Kol. II, Kol | Disposed |
To see the full case history of Ethelbari Tea Co (1932)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
Ethelbari Tea Co (1932)Ltd was last rated by Crisil on 25 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Aug 2020 |
To see the full credit ratings and regulatory alerts of Ethelbari Tea Co (1932)Ltd, buy the company report.
MSME payment delays
Ethelbari Tea Co (1932)Ltd has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Parucco Foundry Private Limited | |||
| Gassin Pierre Pvt Ltd | |||
| Annapurna Rope & Engineering Works | |||
| an individual supplier |
To see the full MSME payment records of Ethelbari Tea Co (1932)Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ethelbari Tea Co (1932) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACT9719J1ZT | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ethelbari Tea Co (1932)Ltd, buy the company report.
Recent activity
Ethelbari Tea Co (1932)Ltd has 15 board changes on record since 2009: 4 appointments and 11 cessations. The latest: Shirish M Mehta ceased to be Director on 30 Jul 2018.
15 earlier events are in the company report.
Frequently asked questions
Ethelbari Tea Co (1932) is an active public limited company based in Kolkata, West Bengal, India. The company works in tea and coffee processing, within the agriculture industry. It was incorporated on 27 September 1932 (94+ years old) and is registered under CIN U15491WB1932PLC007473.
Ethelbari Tea Co (1932) has 4 current directors:
- Mahendra Kumar Patel - Whole-Time Director
- Hemang Mahendrabhai Patel - Director
- Niraj Patel - Director
- Pritaben Patel - Director
The latest financial statements of Ethelbari Tea Co (1932) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ethelbari Tea Co (1932) is 19AAACT9719J1ZT, registered in West Bengal.
The CIN (Corporate Identification Number) of Ethelbari Tea Co (1932) is U15491WB1932PLC007473. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethelbari Tea Co (1932) has 6 court cases on record: 6 filed against it. Most are in the high courts.
Ethelbari Tea Co (1932) was incorporated on 27 September 1932, making it 94+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Ethelbari Tea Co (1932) by revenue are Ozori Industries Private Limited, The Belgachi Tea Co. Ltd, Dooars Tea Estate Private Limited, Dhendai Tea & Industries Private Limited, Hirajuli Tea Company Private Limited and 1 more, all in the Agriculture industry (Tea and Coffee), with the same principal business activity (food, beverages and tobacco products).
Shirish M Mehta ceased to be Director on 30 Jul 2018. Bipin Bhai Patel ceased to be Director on 05 Aug 2014. Mahendra Kumar Patel ceased to be Director on 30 Aug 2012. Ethelbari Tea Co (1932) has 15 board changes on record in total.
Ethelbari Tea Co (1932) has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 22 May 2019.
The registered office of Ethelbari Tea Co (1932) is at P – 36 India Exchange Place 4th Floor Room No.53 Kolkata, West Bengal, India – 700001.
Ethelbari Tea Co (1932) operates in the agriculture industry, in the tea and coffee processing segment.
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