MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-14-0003350
Food Solution (India) Limited - food and beverages in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹19.63 Cr
▼ 4% YoY
Net loss · FY 2025
₹92.76 Lakh
Net margin -4.7%
EBITDA · FY 2025
₹29.81 Lakh
EBITDA margin 1.5%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.15 Cr
Issued & subscribed
Open charges
₹6.9 Cr
Satisfied ₹9.5 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
64
Provident fund records
About Food Solution (India) Limited
Data last updated:
Food Solution (India) Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the instant and ready-to-eat foods segment of the food and beverages sector. It was incorporated on 17 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15209GJ2007PLC051335. Its GSTIN is 24AABCF4071G1ZZ (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.15 Cr. It is led by directors including Dhaval Rameshkumar Padhiyar and Swetal Padhiyar Maheshkumar.
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 D – 301 Swati Crimson And Clover Nr. Shilaj Circle Shilaj, Ahmedabad, Gujarat, India – 380058.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.63 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹92.76 Lakh (net margin -4.7%) and EBITDA of ₹29.81 Lakh (EBITDA margin 1.5%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 10% over five years.
The company has about 64 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Karamat. As per MCA filings, the company has open charges of ₹6.9 Cr and satisfied charges of ₹9.5 Cr on record. Court records list 14 cases involving the company, including 10 filed by the company and 4 filed against it; 3 cases are pending.
Food Solution (India) Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-14-0003350). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fsil.in.
Company details
CIN U15209GJ2007PLC051335
Registration Number 051335
Incorporation Date 17 July 2007
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-14-0003350
Key People
Dhaval Rameshkumar Padhiyar Director Swetal Padhiyar Maheshkumar Director Maheshkumar Trikamlal Padhiyar Director Recognitions & Rankings of Food Solution (India)
Contact details
Food Solution (India) Limited's registered office is in Ahmedabad, Gujarat. Its website is fsil.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD – 301 Swati Crimson And Clover Nr. Shilaj Circle Shilaj, Ahmedabad, Gujarat, India – 380058
- IndustryFood and Beverages, Instant & Ready-to-Eat Foods
To see the full contact details of Food Solution (India) Limited, buy the company report.
Comprehensive company report
Food Solution (India) 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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Secure checkout · GST invoice included
Brands
Food Solution (India) operates one associated brand: Karamat. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sells ready-to-cook food mixes for gravies, curries, and Indian delicacies online. | karamat.co.in |
Business activity
The main business activity of Food Solution (India) 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 Food Solution (India) Limited, buy the company report.
Financials of Food Solution (India) Limited
FY 2024 filings availableFood Solution (India) Limited reported revenue of ₹19.63 Cr (down 4% YoY) for FY 2025.
Revenue · FY 2025
₹19.63 Cr ▼ 4%
Net loss · FY 2025
₹92.76 Lakh margin -4.7%
EBITDA · FY 2025
₹29.81 Lakh margin 1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 5%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▼ 60%
3 years · compounded
▼ 47%
5 years · compounded
▼ 35%
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 4% fall in the latest year. EBITDA fell 60% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹29.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹92.76 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | -4.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Food Solution (India) Limited, buy the company report.
Board of directors of Food Solution (India) Limited
Food Solution (India) has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhaval Rameshkumar Padhiyar Also directs: Charmis Infinity Studio Private Limited | Director | 21 Dec 2011 | 14 Years 10 Months | Current |
| Swetal Padhiyar Maheshkumar | Director | 21 Dec 2011 | 14 Years 10 Months | Current |
| Maheshkumar Trikamlal Padhiyar Also directs: Tej Food Private Limited | Director | 17 Jul 2007 | 19 Years 3 Months | Current |
| Dhwani Dilipkumar Prajapati | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Mukeshkumar Trikamlal Padhiyar Also directs: Kuku-Mau Pet Foods LLP, Tej Food Private Limited | Director | 17 Jul 2007 | 19 Years 3 Months | Current |
Peer comparison
Food Solution (India) Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Instant 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 |
|---|---|---|---|---|---|---|
| Panbari Tea Co Ltd | ₹20.19 Cr (FY 2024) | 3.0% | Kolkata, West Bengal, India | |||
| Trumark Foods Private Limited | ₹19.96 Cr (FY 2025) | -39.0% | Jaipur, Rajasthan, India | |||
| Utkal Corn Industries Private Limited | ₹19.64 Cr (FY 2025) | 240.0% | Raipur, Chhattisgarh, India | |||
| Food Solution (India) Limitedthis company | ₹19.63 Cr (FY 2025) | -₹92.76 Lakh | -4.7% | -4.0% | 64 | Ahmedabad, Gujarat, India |
| Cheelizza Pizza India Limited | ₹19.45 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Jacob and Richard International Private Limited | ₹19.26 Cr (FY 2024) | 33.0% | Pala, Kerala, India | |||
| Sea Products India Private Limited | ₹19.13 Cr (FY 2025) | 26.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Food Solution (India) Limited, buy the company report.
Auditor
Food Solution (India) Limited is audited by CHINTAN PARIKH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHINTAN PARIKH & CO. | FY 2023 | 131255W |
Shareholding
The shareholding of Food Solution (India) Limited 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 Food Solution (India) Limited, buy the company report.
Charges & borrowings
Open charges
₹6.9 Cr
Satisfied charges
₹9.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2020 | 100393297 | Others | ₹6.9 Cr | Open | |
| 13 Jan 2015 | 10546699 | State Bank of India | ₹4.75 Cr | Satisfied | |
| 07 Jan 2015 | 10546697 | State Bank of India | ₹4.75 Cr | Satisfied |
To see the full charge records of Food Solution (India) Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Food Solution (India) Limited has 14 court cases on record: 10 filed by Food Solution (India), 4 filed against it. 3 cases are pending and 11 are disposed.
Total cases
14
Filed by the company
10
Filed against the company
4
Pending
3
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 4 | 3 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against The State of Gujarat | Pending |
| District court, GANDHINAGAR, Gujarat | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Pankaj Evant and Celibration Pvt Ltd and 3 others | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Court case (CR.MA) | Filed by the company against State of Gujarat and 1 other | Disposed |
To see the full case history of Food Solution (India) 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 Food Solution (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Food Solution (India) Limited has a workforce of 64 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
64
Active EPFO establishments
1
Employee growth
-11.11%
GST
Food Solution (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCF4071G1ZZ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Food Solution (India) Limited, buy the company report.
Recent activity
Food Solution (India) Limited has 7 board changes on record since 2007: 5 appointments and 2 cessations. The latest: Rameshkumar Trikamlal Padhiyar ceased to be Director on 15 Apr 2024.
AGM
Food Solution (India) Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Rameshkumar Trikamlal Padhiyar ceased to be Director.
Filing
Food Solution (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Dhwani Dilipkumar Prajapati ceased to be Additional Director.
Appointed
Dhwani Dilipkumar Prajapati was appointed as Director.
Charges
A charge with Others of Rs. 6.90 Cr registered on 26 Nov 2020 with Charge ID 100393297 was modified on 05 Mar 2021.
Charges
A charge registered on 13 Jan 2015 via Charge ID 10546699 with State Bank Of India was fully satisfied on 16 Feb 2021.
Charges
A charge registered on 07 Jan 2015 via Charge ID 10546697 with State Bank Of India was fully satisfied on 20 Jan 2021.
Charges
A charge with Others amounted to Rs. 6.90 Cr with Charge ID 100393297 was registered on 26 Nov 2020.
Charges
A charge with State Bank Of India of Rs. 4.75 Cr registered on 13 Jan 2015 with Charge ID 10546699 was modified on 24 May 2019.
Charges
A charge with State Bank Of India of Rs. 4.75 Cr registered on 07 Jan 2015 with Charge ID 10546697 was modified on 03 Apr 2019.
Charges
A charge with State Bank Of India amounted to Rs. 4.75 Cr with Charge ID 10546699 was registered on 13 Jan 2015.
6 earlier events are in the company report.
Frequently asked questions
Food Solution (India) is an active public limited company based in Ahmedabad, Gujarat, India. The company works in instant and ready-to-eat foods, within the food and beverages industry. It was incorporated on 17 July 2007 (19+ years old) and is registered under CIN U15209GJ2007PLC051335.
Food Solution (India) has 5 current directors:
- Dhaval Rameshkumar Padhiyar - Director
- Swetal Padhiyar Maheshkumar - Director
- Maheshkumar Trikamlal Padhiyar - Director
- Dhwani Dilipkumar Prajapati - Director
- Mukeshkumar Trikamlal Padhiyar - Director
The latest financial statements of Food Solution (India) 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 Food Solution (India) is 24AABCF4071G1ZZ, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Food Solution (India) is U15209GJ2007PLC051335. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Food Solution (India) has 14 court cases on record: 10 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Food Solution (India) was incorporated on 17 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Food Solution (India) by revenue are Panbari Tea Co Ltd, Trumark Foods Private Limited, Utkal Corn Industries Private Limited, Cheelizza Pizza India Limited, Jacob and Richard International Private Limited and 1 more, all in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products).
Rameshkumar Trikamlal Padhiyar ceased to be Director on 15 Apr 2024. Dhwani Dilipkumar Prajapati ceased to be Additional Director on 29 Sep 2023. Dhwani Dilipkumar Prajapati was appointed as Director on 01 Apr 2022. Food Solution (India) has 7 board changes on record in total.
Yes, Food Solution (India) is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-14-0003350).
Food Solution (India) can be reached through the website fsil.in. Its registered office is in Ahmedabad, Gujarat, India.