About Greendiamz Biotech Limited
Data last updated:
Greendiamz Biotech Limited is a public limited company based in Ahmedabad, Gujarat, India. 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 plastic-based products segment of the manufacturing sector. It was incorporated on 08 May 2009.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36990GJ2009PLC056869. Its GSTIN is 24AADCG4453B2Z3 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Greendiamz Biotech Private Limited. It is led by directors including Champat Sanghvi and Deepak Champat Sanghvi.
Its last annual general meeting (AGM) was held on 27 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Setu Suite 303 – 4 – 5 Shilp Cross Road Off C.G. Road Navragpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.61 Cr, a growth of 150% compared to the previous year. For the same year it recorded a net loss of ₹99.84 Lakh (net margin -61.8%) and EBITDA of ₹54.88 Lakh (EBITDA margin 34%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 49% over five years.
The company is associated with 1 brand: Truegreen. As per MCA filings, the company has open charges of ₹103.35 Cr on record. Court records list 19 cases involving the company, including 6 filed by the company and 13 filed against it; 4 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹55.1 Cr; the latest was in March 2012. Its 6 peer companies in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Amogh Pet Containers Private Limited with revenue of ₹1.64 Cr.
The last known website on record is truegreen.in.
Company details
CIN history
Greendiamz Biotech has one previous CIN (Corporate Identification Number): U36990GJ2009PTC056869. The current CIN is U36990GJ2009PLC056869, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36990GJ2009PLC056869 | Current |
| U36990GJ2009PTC056869 | Previous |
Contact details
Greendiamz Biotech Limited's registered office is in Ahmedabad, Gujarat. Its website is truegreen.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSetu Suite 303 – 4 – 5 Shilp Cross Road Off C.G. Road Navragpura, Ahmedabad, Gujarat, India – 380009
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Greendiamz Biotech 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
Brands
Greendiamz Biotech operates one associated brand: Truegreen. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies biodegradable and compostable packaging products. | truegreen.in |
Business activity
The main business activity of Greendiamz Biotech is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Greendiamz Biotech Limited, buy the company report.
Financials of Greendiamz Biotech Limited
FY 2017 filings availableGreendiamz Biotech Limited reported revenue of ₹1.61 Cr (up 150% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 150% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 49%. EBITDA rose 135% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1.61 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹54.88 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹99.84 Lakh | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 34% | ||
| Net Profit Margin | -61.8% | ||
| 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 Greendiamz Biotech Limited, buy the company report.
Board of directors of Greendiamz Biotech Limited
Greendiamz Biotech has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Champat Sanghvi Also directs: Greendiam Exim Private Limited | Director | 08 May 2009 | 17 Years 6 Months | As last reported |
| Deepak Champat Sanghvi Also directs: Greendiam Exim Private Limited | Director | 08 May 2009 | 17 Years 6 Months | As last reported |
| Kapilkumar Nayak Narendra | Director | 25 Mar 2013 | 13 Years 7 Months | As last reported |
Peer comparison
Greendiamz Biotech Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amogh Pet Containers Private Limited | ₹1.64 Cr (FY 2025) | -22.0% | Jaipur, Rajasthan, India | |||
| Nilachal Packaging Private Limited | ₹1.64 Cr (FY 2025) | -2.0% | Bhubaneswar, Odisha, India | |||
| Shamco Plastics Pvt Ltd | ₹1.64 Cr (FY 2021) | -61.0% | Mumbai, Maharashtra, India | |||
| Greendiamz Biotech Limitedthis company | ₹1.61 Cr (FY 2017) | -₹99.84 Lakh | -61.8% | 150.0% | Ahmedabad, Gujarat, India | |
| Classic Shoe Components (India) Private Limited | ₹1.61 Cr (FY 2024) | -4.0% | Agra, Uttar Pradesh, India | |||
| Pro Plasmo Private Limited | ₹1.6 Cr (FY 2024) | 66.0% | Bangalore, Karnataka, India | |||
| Crystal Containers Private Limited | ₹1.6 Cr (FY 2024) | -3.0% | Siliguri, West Bengal, India |
To see the full peer comparison of Greendiamz Biotech Limited, buy the company report.
Auditor
Greendiamz Biotech Limited is audited by H B PATEL & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H B PATEL & ASSOCIATES | FY 2017 | 115358W |
Shareholding
The shareholding of Greendiamz Biotech Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Greendiamz Biotech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2012 | 10387591 | Union Bank of India | ₹6.4 Cr | Open | |
| 15 Dec 2011 | 10326245 | Union Bank of India | ₹48.49 Cr | Open | |
| 26 Sep 2009 | 10178083 | Union Bank of India | ₹48.46 Cr | Open |
To see the full charge records of Greendiamz Biotech Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Greendiamz Biotech Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹55.1 Cr; the latest was in March 2012.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Greendiam Exim Private Limited |
| Dec 2010 | Funding round | ₹10.25 Cr | Investors: Greendiam Exim Private Limited , 3 individuals |
To see the full deal history of Greendiamz Biotech 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
Greendiamz Biotech Limited has 19 court cases on record: 6 filed by Greendiamz Biotech, 13 filed against it. 4 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 1 |
| NCLT | 8 | 3 | 3 |
| High courts | 1 | 1 | 0 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Premjayanti Enterprises Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Axiom BPM Services Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Manishbhai Mahendraprasad Raval Autho Person of Craft Int.Decor Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CBI CC) | Filed against the company by an individual | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against individuals | Pending |
To see the full case history of Greendiamz Biotech 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 Greendiamz Biotech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Greendiamz Biotech has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCG4453B2Z3 | Gujarat | Active | 21 Jul 2020 |
To see the full GST registrations and return filing status of Greendiamz Biotech Limited, buy the company report.
Recent activity
Greendiamz Biotech Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Ashwin Ramanlal Shah ceased to be Director on 30 Mar 2013.
1 earlier event is in the company report.
Frequently asked questions
Greendiamz Biotech 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.
Greendiamz Biotech is a company under liquidation, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 08 May 2009 and is registered under CIN U36990GJ2009PLC056869. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Greendiamz Biotech has 3 current directors:
- Champat Sanghvi - Director
- Deepak Champat Sanghvi - Director
- Kapilkumar Nayak Narendra - Director
The latest financial statements of Greendiamz Biotech on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 27 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Greendiamz Biotech is U36990GJ2009PLC056869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greendiamz Biotech has open charges of ₹103.35 Cr and no satisfied charges on record as per latest MCA filings.
Greendiamz Biotech has 19 court cases on record: 6 filed by the company and 13 filed against it. 4 are pending. Most are in the district courts.
Greendiamz Biotech was incorporated on 08 May 2009. It is registered with the Registrar of Companies, Ahmedabad.
Greendiamz Biotech has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹55.1 Cr; the latest was in March 2012.
The peers of Greendiamz Biotech by revenue are Amogh Pet Containers Private Limited, Nilachal Packaging Private Limited, Shamco Plastics Pvt Ltd, Classic Shoe Components (India) Private Limited, Pro Plasmo Private Limited and 1 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Ashwin Ramanlal Shah ceased to be Director on 30 Mar 2013. Kapilkumar Nayak Narendra was appointed as Director on 25 Mar 2013. Narendra Nayak Kumar ceased to be Additional Director on 20 Nov 2012. Greendiamz Biotech has 6 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
