About Friends Bulk Handlers Limited
Data last updated:
Friends Bulk Handlers Limited is a public limited company based in Gandhidham, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 21 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32109GJ2000PLC037590. Its GSTIN is 24AAACF8951G1ZN (Gujarat).
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹18 Cr. It is led by directors including Praveen Sukhraj Singhvi (Managing Director) and Mahamadasalam Kasambhai Khatri.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gandhidham, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹877.91 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹107.23 Cr (net margin 12.2%) and EBITDA of ₹206.39 Cr (EBITDA margin 23.5%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 63% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹45.9 Cr on record. Court records list 13 cases involving the company, including 1 filed by the company and 12 filed against it. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹18 Cr; the latest was in March 2021.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website friendsgroupindia.com.
Company details
Contact details
Friends Bulk Handlers Limited's registered office is in Gandhidham, Gujarat. Its website is friendsgroupindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMaitri Bhavan Plot No. 16, Sector – 8, Gandhidham, Gujarat, India – 370201
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Friends Bulk Handlers 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 Friends Bulk Handlers is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Friends Bulk Handlers Limited, buy the company report.
Financials of Friends Bulk Handlers Limited
FY 2024 filings availableFriends Bulk Handlers Limited reported revenue of ₹877.91 Cr (down 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 63%. EBITDA fell 15% 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 | ₹206.39 Cr | ||||
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| Net Profit (PAT) | ₹107.23 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.5% | ||||
| Net Profit Margin | 12.2% | ||||
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To see the full financial statements and ratios of Friends Bulk Handlers Limited, buy the company report.
Board of directors and KMP of Friends Bulk Handlers Limited
Friends Bulk Handlers Limited currently reports 4 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Sukhraj Singhvi Also directs: Shio Impex LLP, Friends Global Warehousing LLP, Shree Kandla Salt Industries Private Limited and 4 more | Cfo | 01 Jan 2021 | 5 Years 10 Months | Current |
| Mahamadasalam Kasambhai Khatri | Director | 01 May 2024 | 2 Years 6 Months | Current |
| Hemang Kirtikumar Shah | Director | 01 Jan 2021 | 5 Years 10 Months | Current |
| Praveen Sukhraj Singhvi Also directs: Shree Kandla Salt Industries Private Limited, Flamingo Builders Private Limited, Seagautam Marine LLP and 4 more | Managing Director | 01 Oct 2002 | 24 Years 1 Months | Current |
| Mukesh Babulal Singhvi Also directs: Jasrupmal Exim LLP, Agrocel Friends Chemicals LLP, Nidhi Mining Private Limited and 5 more | Director | 01 Oct 2002 | 24 Years 1 Months | Current |
Auditor
Friends Bulk Handlers Limited is audited by M. B. SORATHIA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. B. SORATHIA & CO. | FY 2023 | 110420W |
Shareholding
The shareholding of Friends Bulk Handlers 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 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 Friends Bulk Handlers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2015 | 10590116 | State Bank of India | ₹45.9 Cr | Satisfied |
To see the full charge records of Friends Bulk Handlers Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Friends Bulk Handlers Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹18 Cr; the latest was in March 2021.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Tribhuvan A Singhvi HUF Seller: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Friends Bulk Handlers 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
Friends Bulk Handlers Limited has 13 court cases on record: 1 filed by Friends Bulk Handlers, 12 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 0 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by M/S Bhimani Warehouse Private Limited | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax-1, Rajkot | Disposed |
| District court, kachchh at Bhuj, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
| District court, kachchh at Bhuj, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
| District court, kachchh at Bhuj, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
To see the full case history of Friends Bulk Handlers 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
Friends Bulk Handlers Limited was last rated by Care on 31 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 31 Mar 2021 |
To see the full credit ratings and regulatory alerts of Friends Bulk Handlers Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Friends Bulk Handlers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Friends Bulk Handlers has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| The Kutch Salt and Allied Industrieslimited | L24238MH1950PLC008313 |
To see the full group structure of Friends Bulk Handlers Limited, buy the company report.
Employees & EPFO
Friends Bulk Handlers Limited has a workforce of 2 employees on its EPFO records as of Oct 2025, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 2 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Friends Bulk Handlers Limited, buy the company report.
GST
Friends Bulk Handlers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACF8951G1ZN | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Friends Bulk Handlers Limited, buy the company report.
Recent activity
Friends Bulk Handlers Limited has 13 board changes on record since 2002: 5 appointments and 8 cessations. The latest: Mahamadasalam Kasambhai Khatri ceased to be Additional Director on 28 Sep 2024.
7 earlier events are in the company report.
Frequently asked questions
Friends Bulk Handlers is an active public limited company based in Gandhidham, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 21 March 2000 (26+ years old) and is registered under CIN U32109GJ2000PLC037590.
Friends Bulk Handlers has 5 current directors and KMP:
- Praveen Sukhraj Singhvi - Managing Director
- Mahamadasalam Kasambhai Khatri - Director
- Hemang Kirtikumar Shah - Director
- Mukesh Babulal Singhvi - Director
- Jitendra Sukhraj Singhvi - Cfo
The latest financial statements of Friends Bulk Handlers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Friends Bulk Handlers is 24AAACF8951G1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Friends Bulk Handlers is U32109GJ2000PLC037590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Friends Bulk Handlers has 13 court cases on record: 1 filed by the company and 12 filed against it. Most are in the district courts.
Friends Bulk Handlers was incorporated on 21 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Friends Bulk Handlers has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹18 Cr; the latest was in March 2021.
Mahamadasalam Kasambhai Khatri ceased to be Additional Director on 28 Sep 2024. Mahamadasalam Kasambhai Khatri was appointed as Director on 01 May 2024. Yash Hineshkumar Mehta ceased to be Director on 01 May 2024. Friends Bulk Handlers has 13 board changes on record in total.
Friends Bulk Handlers can be reached through the website friendsgroupindia.com. Its registered office is in Gandhidham, Gujarat, India.
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