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Fipola Retail (India) Private Limited - food and beverages in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹35.86 Cr
▲ 69% YoY
Net loss · FY 2021
₹7.61 Cr
Net margin -21.2%
EBITDA · FY 2021
-₹75.75 Lakh
EBITDA margin -2.1%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹10.5 Cr
Issued & subscribed
Open charges
₹1.43 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
233
Provident fund records
About Fipola Retail (India) Private Limited
Data last updated:
Fipola Retail (India) Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. 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 meat and fish processing and distribution segment of the food and beverages sector. It was incorporated on 28 December 2016.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U15532TN2016PTC113906. Its GSTIN is 33AACCF9975E1ZG (Tamil Nadu). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.5 Cr. It is led by directors including Sushil Kanugolu (Managing Director) and Deepa Venkat Ramani (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at No. 5 Cenotaph Road Teynampet (Landmark – Lanson Toyota Building), Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2021, the company reported a revenue of ₹35.86 Cr, a growth of 69% compared to the previous year. For the same year it recorded a net loss of ₹7.61 Cr (net margin -21.2%) and EBITDA of -₹75.75 Lakh (EBITDA margin -2.1%). Revenue has grown at a compounded annual rate (CAGR) of 99% over three years.
The company has about 233 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fipola. As per MCA filings, the company has open charges of ₹1.43 Cr on record. Court records list 113 cases involving the company, including 41 filed by the company and 72 filed against it; 27 cases are pending. The company has 24 deals on record (10 rights issues, 8 funding rounds, 3 secondary share transfers), with disclosed funding of ₹78.88 Cr; the latest was in February 2022.
The last known website on record is fipola.in.
Company details
CIN U15532TN2016PTC113906
Registration Number 113906
Incorporation Date 28 December 2016
ROC Chennai
Listing Status Unlisted
Company Status Under Liquidation
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Sushil Kanugolu Managing Director Sivasankara Pillai Prakash Additional Director Deepa Venkat Ramani Irp/Rp/Liquidator Recognitions & Rankings of Fipola Retail (India)
Contact details
Fipola Retail (India) Private Limited's registered office is in Chennai, Tamil Nadu. Its website is fipola.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressNo. 5 Cenotaph Road Teynampet (Landmark – Lanson Toyota Building), Chennai, Tamil Nadu, India – 600018
- IndustryFood and Beverages, Meat & Fish Processing & Distribution
To see the full contact details of Fipola Retail (India) Private Limited, buy the company report.
Comprehensive company report
Fipola Retail (India) Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Fipola Retail (India) is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Fipola Retail (India) Private Limited, buy the company report.
Financials of Fipola Retail (India) Private Limited
FY 2021 filings availableFipola Retail (India) Private Limited reported revenue of ₹35.86 Cr (up 69% YoY) for FY 2021.
Revenue · FY 2021
₹35.86 Cr ▲ 69%
Net loss · FY 2021
₹7.61 Cr margin -21.2%
EBITDA · FY 2021
-₹75.75 Lakh margin -2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 69%
3 years · compounded
▲ 99%
Revenue has grown at a compounded annual rate (CAGR) of 99% over three years, including 69% growth 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 | ₹35.86 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹75.75 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.61 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 | -2.1% | ||||
| Net Profit Margin | -21.2% | ||||
| 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 Fipola Retail (India) Private Limited, buy the company report.
Board of directors of Fipola Retail (India) Private Limited
Fipola Retail (India) has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Directors (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Kanugolu Also directs: Mediumrare Consumer Foods LLP, Farmspring Foods LLP | Managing Director | 15 May 2019 | 7 Years 5 Months | As last reported |
| Sivasankara Pillai Prakash | Additional Director | 22 Jun 2022 | 4 Years 4 Months | As last reported |
| Deepa Venkat Ramani Also directs: National Plastic Technologies Limited | Irp/Rp/Liquidator | 23 May 2023 | 3 Years 5 Months | As last reported |
Auditor
Fipola Retail (India) Private Limited is audited by C S HARIHARAN & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C S HARIHARAN & CO | FY 2021 | 001086S |
Shareholding
The shareholding of Fipola Retail (India) Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Fipola Retail (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.43 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Aug 2017 | 100116138 | Others | ₹54.21 Lakh | Open | |
| 29 Jun 2017 | 100109540 | Others | ₹88.71 Lakh | Open |
To see the full charge records of Fipola Retail (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Fipola Retail (India) Private Limited has 24 deals on record (10 rights issues, 8 funding rounds, 3 secondary share transfers), with disclosed funding of ₹78.88 Cr; the latest was in February 2022.
Total deals
24
Rights issues
10
Funding rounds
8
Secondary share transfers
3
Convertible or debt financings
2
Disclosed funding
₹78.88 Cr
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Rights issue | ₹10.3 Cr | Investors: A.R. Foundations Private Limited , 3 individuals |
| Nov 2021 | Rights issue | ₹1 Cr | Investors: VMR Investment Advisors LLP |
| Oct 2021 | Rights issue | ₹1 Cr | Investors: VMR Investment Advisors LLP |
| Sep 2021 | Rights issue | ₹1 Cr | Investors: VMR Investment Advisors LLP |
| Sep 2021 | Rights issue | ₹20 Cr | Investors: Beanstalk Enterprises, A.R. Foundations Private Limited , 2 individuals |
To see the full deal history of Fipola Retail (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
Fipola Retail (India) Private Limited has 113 court cases on record: 41 filed by Fipola Retail (India), 72 filed against it. 27 cases are pending and 86 are disposed.
Total cases
113
Filed by the company
41
Filed against the company
72
Pending
27
Disposed
86
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 72 | 52 | 19 |
| High courts | 35 | 18 | 5 |
| NCLAT | 6 | 2 | 3 |
Cases on record (5 of 113)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by Indcon Manufacturing Pvt Ltd Rep S.Ganesh Kumar | Pending |
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed against the company by Quality Property Management Services Pvt Ltd Rep by Its Manager Prasanna Kumar | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Frigorifico Allana Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Frigorifico Allana Private Limited | Pending |
| District court, Hyderabad Central, Telangana | Court case (STC - NI) | Filed against the company by M/S. Arna Infra Solutions Private Limited Rep by Its Sa B. Veera Reddy | Pending |
To see the full case history of Fipola Retail (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 Fipola Retail (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fipola Retail (India) Private Limited has a workforce of 233 employees on its EPFO records as of Dec 2021, across 1 active EPFO establishment.
Employee count
233
Active EPFO establishments
1
Employee growth
529.7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 233 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Fipola Retail (India) Private Limited, buy the company report.
GST
Fipola Retail (India) has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCF9975E1ZG | Tamil Nadu | Active | 01 Jul 2017 |
| 36AACCF9975E1ZA | Telangana | Active | 08 Aug 2021 |
| 34AACCF9975E1ZE | Puducherry | Active | 10 Aug 2021 |
| 29AACCF9975E1Z5 | Karnataka | Active | 27 Sep 2021 |
To see the full GST registrations and return filing status of Fipola Retail (India) Private Limited, buy the company report.
Recent activity
Fipola Retail (India) Private Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Deepa Venkat Ramani was appointed as Irp/Rp/Liquidator on 23 May 2023.
Appointed
Deepa Venkat Ramani was appointed as Irp/Rp/Liquidator.
Charges
A charge with Others of Rs. 0.54 Cr registered on 08 Aug 2017 with Charge ID 100116138 was modified on 29 Mar 2023.
Appointed
Sivasankara Pillai Prakash was appointed as Additional Director.
AGM
Fipola Retail (India) Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Fipola Retail (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chennai.
Ceased
Saravanan Sundaram ceased to be Director.
Ceased
Thonadahalli Krishnaraju Vijayakumar ceased to be Additional Director.
Appointed
Sushil Kanugolu was appointed as Managing Director.
Ceased
Sushil Kanugolu ceased to be Managing Director.
Ceased
Malakondaiah Maddineni ceased to be Director.
Ceased
Kanugolu Venkata Ramana ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 0.54 Cr with Charge ID 100116138 was registered on 08 Aug 2017.
2 earlier events are in the company report.
News
Frequently asked questions
Fipola Retail (India) 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.
Fipola Retail (India) is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in meat and fish processing and distribution, within the food and beverages industry. It was incorporated on 28 December 2016 and is registered under CIN U15532TN2016PTC113906. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Fipola Retail (India) has 3 current directors:
- Sushil Kanugolu - Managing Director
- Sivasankara Pillai Prakash - Additional Director
- Deepa Venkat Ramani - Irp/Rp/Liquidator
The latest financial statements of Fipola Retail (India) on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Fipola Retail (India) is U15532TN2016PTC113906. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fipola Retail (India) has open charges of ₹1.43 Cr and no satisfied charges on record as per latest MCA filings.
Fipola Retail (India) has 113 court cases on record: 41 filed by the company and 72 filed against it. 27 are pending. Most are in the district courts.
Fipola Retail (India) was incorporated on 28 December 2016. It is registered with the Registrar of Companies, Chennai.
Fipola Retail (India) has 24 deals on record (10 rights issues, 8 funding rounds, 3 secondary share transfers), with disclosed funding of ₹78.88 Cr; the latest was in February 2022.
Deepa Venkat Ramani was appointed as Irp/Rp/Liquidator on 23 May 2023. Sivasankara Pillai Prakash was appointed as Additional Director on 22 Jun 2022. Saravanan Sundaram ceased to be Director on 19 Jun 2019. Fipola Retail (India) has 8 board changes on record in total.
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