About Gonglu Agro Private Limited
Data last updated:
Gonglu Agro Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Capricorn Food Products India Limited. 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 non-alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 17 April 2013.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U15500TN2013PTC090649. Its GSTIN is 27AAFCG1696L1Z4 (Maharashtra).
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹30 Cr. It is led by directors including Parag Sharad Gholap and Rahoul Jain.
Its last annual general meeting (AGM) was held on 31 March 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 1C Sivanandham Apartments 4th Floor 4A East Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2020, the company reported a revenue of ₹52.77 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹13.69 Cr (net margin -25.9%) and EBITDA of -₹5.16 Cr (EBITDA margin -9.8%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 15% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹60.27 Cr and satisfied charges of ₹68.92 Cr on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 2 cases are pending. The company has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹15.9 Cr; the latest was in March 2016. Its 5 peer companies in the Food and Beverages industry (Non Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 1 larger and 4 smaller; the largest is Epicu Agro Products Private Limited with revenue of ₹54.05 Cr.
The last known website on record is capricorngroup.com.
Company details
Contact details
Gonglu Agro Private Limited's registered office is in Chennai, Tamil Nadu. Its website is capricorngroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNo.1B & 1C Sivanandham Apartments 4th Floor 4A East Park Road Pulla Avenue Shenoy, Nagar, Chennai, Tamil Nadu, India – 600030
- IndustryFood and Beverages, Non-Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Gonglu Agro Private 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 Gonglu Agro 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 Gonglu Agro Private Limited, buy the company report.
Financials of Gonglu Agro Private Limited
FY 2020 filings availableGonglu Agro Private Limited reported revenue of ₹52.77 Cr (down 24% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 145% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹52.77 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.69 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.8% | ||||
| Net Profit Margin | -25.9% | ||||
| 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 | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Gonglu Agro Private Limited, buy the company report.
Board of directors of Gonglu Agro Private Limited
Gonglu Agro has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Sharad Gholap | Director | 25 Mar 2021 | 5 Years 7 Months | As last reported |
| Rahoul Jain Also directs: Fresco Juices Private Limited | Director | 17 Apr 2013 | 13 Years 6 Months | As last reported |
| Shri Raam Shekher Saraswathi Ramudu Also directs: Kip Restructuring and Insolvency Professionals LLP | Irp/Rp/Liquidator | 02 Feb 2024 | 2 Years 9 Months | As last reported |
Peer comparison
Gonglu Agro Private Limited is compared with the 5 companies closest to it by revenue in the Food and Beverages industry (Non Alcoholic Beverages), 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 |
|---|---|---|---|---|---|---|
| Epicu Agro Products Private Limited | ₹54.05 Cr (FY 2025) | -77.0% | New Delhi, Delhi, India | |||
| Gonglu Agro Private Limitedthis company | ₹52.77 Cr (FY 2020) | -₹13.69 Cr | -25.9% | -24.0% | 34 | Chennai, Tamil Nadu, India |
| Sheelpe Enterprises Private Limited | ₹52.03 Cr (FY 2025) | 12.0% | Ahmedabad, Gujarat, India | |||
| Megha Springs Private Limited | ₹51.13 Cr (FY 2016) | 46.0% | Puttur, Karnataka, India | |||
| Infra Fine Foods Private Limited | ₹49.49 Cr (FY 2025) | 31.0% | Bangalore, Karnataka, India | |||
| Vanisha Minerals Private Limited | ₹49.42 Cr (FY 2020) | 136.0% | Bhopal, Madhya Pradesh, India |
To see the full peer comparison of Gonglu Agro Private Limited, buy the company report.
Auditor
Gonglu Agro Private Limited is audited by M R N B & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R N B & ASSOCIATES | FY 2020 | 018061S |
Shareholding
The shareholding of Gonglu Agro Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gonglu Agro Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2021 | 100417497 | Others | ₹3.5 Cr | Open | |
| 13 Jun 2017 | 100103859 | Axis Bank Limited | ₹35.79 Cr | Open | |
| 25 May 2017 | 100104959 | Others | ₹20.98 Cr | Open | |
| 27 Feb 2014 | 10483775 | State Bank of India | ₹68.92 Cr | Satisfied |
To see the full charge records of Gonglu Agro Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Gonglu Agro Private Limited has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹15.9 Cr; the latest was in March 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Rights issue | ₹7 Cr | Investors: Capricon Food Products India Limited, 2 individuals |
| Dec 2014 | Rights issue | ₹7 Cr | Investors: Capricon Food Products India Limited, 2 individuals |
| Jan 2014 | Funding round | ₹15.9 Cr | Investors: Capricon Food Products India Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gonglu Agro Private Limited has 9 court cases on record: 6 filed by Gonglu Agro, 3 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 1 |
| High courts | 3 | 1 | 1 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed against the company by DBS Bank India Limited | Disposed |
| Bombay High Court | Writ petition | Filed against the company | Pending |
| District court, Nashik, Maharashtra | Court case (R.C.C.) | Filed against the company by State Thr.Doddhi Jagdish | Pending |
| NCLT, Chennai | Insolvency matter | Filed by the company | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
To see the full case history of Gonglu Agro 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.
Credit ratings & regulatory alerts
Gonglu Agro Private Limited was last rated by Icra on 25 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 25 Nov 2021 |
To see the full credit ratings and regulatory alerts of Gonglu Agro Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gonglu Agro Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gonglu Agro Private Limited has a workforce of 34 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Gonglu Agro has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCG1696L1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gonglu Agro Private Limited, buy the company report.
Recent activity
Gonglu Agro Private Limited has 4 board changes on record since 2013: 3 appointments and 1 cessation. The latest: Shri Raam Shekher Saraswathi Ramudu was appointed as Irp/Rp/Liquidator on 02 Feb 2024.
4 earlier events are in the company report.
Frequently asked questions
Gonglu Agro 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.
Gonglu Agro is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in non-alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 17 April 2013 and is registered under CIN U15500TN2013PTC090649. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gonglu Agro has 3 current directors:
- Parag Sharad Gholap - Director
- Rahoul Jain - Director
- Shri Raam Shekher Saraswathi Ramudu - Irp/Rp/Liquidator
The latest financial statements of Gonglu Agro on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 March 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gonglu Agro is U15500TN2013PTC090649. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gonglu Agro has open charges of ₹60.27 Cr and satisfied charges of ₹68.92 Cr as per latest MCA filings.
Gonglu Agro has 9 court cases on record: 6 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Gonglu Agro was incorporated on 17 April 2013. It is registered with the Registrar of Companies, Chennai.
Gonglu Agro has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹15.9 Cr; the latest was in March 2016.
The peers of Gonglu Agro by revenue are Epicu Agro Products Private Limited, Sheelpe Enterprises Private Limited, Megha Springs Private Limited, Infra Fine Foods Private Limited, Vanisha Minerals Private Limited, all in the Food and Beverages industry (Non Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products).
Shri Raam Shekher Saraswathi Ramudu was appointed as Irp/Rp/Liquidator on 02 Feb 2024. Parag Sharad Gholap was appointed as Director on 25 Mar 2021. Shuchi Jain ceased to be Director on 25 Mar 2021. Gonglu Agro has 4 board changes on record in total.
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