Geo Jute Limited
About Geo Jute Limited
Data last updated:
Geo Jute Limited is a public limited company based in Kanpur, Uttar Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate financing segment of the financial services sector. It was incorporated on 07 February 1931.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U17232UP1931PLC000422. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹36.5 Cr and a paid-up capital of ₹11.22 Cr. It was formerly known as Juggilal Kamlapat Jute Mills Company Limited. It is led by directors including Sashi Kanta Jha and Deepak Kumar Agarwal (Irp/Rp/Liquidator).
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 84/49 Zareeb Chauki Kalpi Road, Kanpur, Uttar Pradesh, India – 208012.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.82 Lakh, a growth of 66% compared to the previous year. For the same year it recorded a net loss of ₹80.14 Lakh and EBITDA of -₹52.39 Lakh (EBITDA margin -408.7%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 62% over five years.
Its group structure includes 5 subsidiaries.
As per MCA filings, the company has open charges of ₹10.63 Cr on record. Court records list 116 cases involving the company, including 22 filed by the company and 94 filed against it; 21 cases are pending.
Company details
CIN history
Geo Jute has one previous CIN (Corporate Identification Number): L17232UP1931PLC000422. The current CIN is U17232UP1931PLC000422, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17232UP1931PLC000422 | Current |
| L17232UP1931PLC000422 | Previous |
Contact details
Geo Jute Limited's registered office is in Kanpur, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address84/49 Zareeb Chauki Kalpi Road, Kanpur, Uttar Pradesh, India – 208012
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Geo Jute 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 activities of Geo Jute are real estate and trade. In detail, this covers real estate activities with own or leased property and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Geo Jute Limited, buy the company report.
Financials of Geo Jute Limited
FY 2024 filings availableGeo Jute Limited reported revenue of ₹12.82 Lakh (up 66% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 66% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 62%. EBITDA fell 219% 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 | -₹52.39 Lakh | ||||
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| Net Profit (PAT) | -₹80.14 Lakh | ||||
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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 | -408.7% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Geo Jute Limited, buy the company report.
Board of directors of Geo Jute Limited
Geo Jute has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sashi Kanta Jha Also directs: JKJM Constructions Private Limited, Rainey Park Suppliers Private Limited, JKJM Housing Private Limited and 2 more | Director | 04 Dec 2008 | 17 Years 11 Months | As last reported |
| Ravishankar Prabhakar Also directs: JKJM Constructions Private Limited, Rainey Park Suppliers Private Limited, JKJM Housing Private Limited and 5 more | Additional Director | 13 Oct 2014 | 12 Years 0 Months | As last reported |
| Deepak Kumar Agarwal | Irp/Rp/Liquidator | 23 Feb 2024 | 2 Years 8 Months | As last reported |
| Sudhir Kumar Singh | Director | 24 Sep 2007 | 19 Years 1 Months | As last reported |
Auditor
Geo Jute Limited is audited by S S G & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S G & Associates | FY 2023 | 320055E |
Shareholding
The shareholding of Geo Jute 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 Geo Jute Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2007 | 10051095 | Corporate Capital Services (India) Private Limited | ₹75 Lakh | Open | |
| 31 Dec 2001 | 90267953 | The Pradeshiya Industrial & Investment Corporation | ₹4.28 Cr | Open | |
| 21 Nov 1984 | 90271033 | Punjab National Bank | ₹75 Lakh | Open | |
| 01 Oct 1984 | 80036069 | Libra Retailer Private Limited | ₹4.1 Cr | Open | |
| 01 Oct 1984 | 90271024 | Punjab National Bank | ₹75 Lakh | Open |
To see the full charge records of Geo Jute Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Geo Jute Limited has 116 court cases on record: 22 filed by Geo Jute, 94 filed against it. 21 cases are pending and 95 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 57 | 57 | 0 |
| District courts | 20 | 10 | 10 |
| Supreme Court | 18 | 13 | 3 |
| NCLAT | 12 | 11 | 4 |
| High courts | 9 | 3 | 4 |
Cases on record (5 of 116)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kanpur Nagar, Uttar Pradesh | Civil suit | Filed against the company by Skyscrappers Jute and Mining Pvt. Ltd. | Pending |
| District court, Kanpur Nagar, Uttar Pradesh | Interim or miscellaneous application | Filed by the company against Shalimar Industries Ltd. | Pending |
| NCLAT, Court II | Tribunal matter | Filed by the company against J K Cotton Ltd and Ors | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against General Manager Idbi Bank Ltd. Bifr Cell, , District: Jhandewalan Extn ,New Delhi , Delhi and 20 others | Disposed |
| Supreme Court | Court case (1003-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters arising out of orders of Company Law Board under Section 397 & 398 of Companies Act, 1956) | Filed by the company against M/S Rainey Park Suppliers Private Limited Through Its Manager Office at 89, Netaji Subhash Road , District: Kolkata ,Kolkata , West Bengal and 17 others | Disposed |
To see the full case history of Geo Jute 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 Geo Jute Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Geo Jute has 5 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| JKJM Constructions Private Limited | U45400UP2012PTC049448 | |
| JKJM Housing Private Limited | U70102UP2012PTC049442 | |
| JKJM Properties Private Limited | U70102UP2012PTC049443 | |
| JKJM Infrastructure Private Limited | U74120UP2012PTC049342 | |
| JKJM Warehousing Private Limited | U74120UP2012PTC049343 |
To see the full group structure of Geo Jute Limited, buy the company report.
GST
Geo Jute has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Geo Jute Limited, buy the company report.
Recent activity
Geo Jute Limited has 15 board changes on record since 2007: 4 appointments and 11 cessations. The latest: Deepak Kumar Agarwal was appointed as Irp/Rp/Liquidator on 23 Feb 2024.
14 earlier events are in the company report.
Frequently asked questions
Geo Jute is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Geo Jute is a company under insolvency, formerly operating as a public limited company based in Kanpur, Uttar Pradesh, India. The company works in real estate financing, within the financial services industry. It was incorporated on 07 February 1931 and is registered under CIN U17232UP1931PLC000422. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Geo Jute has 4 current directors:
- Sashi Kanta Jha - Director
- Ravishankar Prabhakar - Additional Director
- Sudhir Kumar Singh - Director
- Deepak Kumar Agarwal - Irp/Rp/Liquidator
The latest financial statements of Geo Jute 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 CIN (Corporate Identification Number) of Geo Jute is U17232UP1931PLC000422. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Geo Jute has open charges of ₹10.63 Cr and no satisfied charges on record as per latest MCA filings.
Geo Jute has 116 court cases on record: 22 filed by the company and 94 filed against it. 21 are pending. Most are in the nclt.
Geo Jute was incorporated on 07 February 1931. It is registered with the Registrar of Companies, Kanpur.
Deepak Kumar Agarwal was appointed as Irp/Rp/Liquidator on 23 Feb 2024. Rakesh Kr Singhania ceased to be Additional Director on 13 Oct 2014. Ravishankar Prabhakar was appointed as Additional Director on 13 Oct 2014. Geo Jute has 15 board changes on record in total.
The registered office of Geo Jute is at 8449 Zareeb Chauki Kalpi Road, Kanpur, Uttar Pradesh, India – 208012.
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