Grove Limited
About Grove Limited
Data last updated:
Grove Limited is a public limited company based in Kalamassery, Kerala, India. It operates in the instant and ready-to-eat foods segment of the food and beverages sector. It was incorporated on 27 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U24222KL1995PLC009169. Its GSTIN is 32AABCG8065B1Z1 (Kerala).
The company has an authorised share capital of ₹15.25 Cr and a paid-up capital of ₹15.25 Cr. It was formerly known as Grove Paints Private Limited and Grove Private Limited. It is led by directors including Jolly Thomas and Raj Paul Thomas.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Xxx/512 45 A Development Plot, Kalamassery, Kerala, India – 683109.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.12 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.64 Cr (net margin -16.2%) and EBITDA of -₹1.64 Cr (EBITDA margin -16.2%). Revenue has grown at a compounded annual rate (CAGR) of 73% over three years and 45% over five years.
As per MCA filings, the company has satisfied charges of ₹7.09 Cr on record. Court records list 27 cases involving the company, including 16 filed by the company and 11 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Grove has undergone 2 name changes throughout its history. The company was previously known as Grove Paints Private Limited, and Grove Private Limited. The current legal name is Grove Limited.
| Company Name | Status |
|---|---|
| Grove Limited | Current |
| Grove Paints Private Limited | Previous |
| Grove Private Limited | Previous |
Contact details
Grove Limited's registered office is in Kalamassery, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressXxx/512 45 A Development Plot, Kalamassery, Kerala, India – 683109
- IndustryFood and Beverages, Instant & Ready-to-Eat Foods
To see the full contact details of Grove 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 Grove 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 Grove Limited, buy the company report.
Financials of Grove Limited
FY 2025 filings availableGrove Limited reported revenue of ₹10.12 Cr (up 227% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 227% growth in the latest year. EBITDA fell 312% 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 |
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| EBITDA | -₹1.64 Cr | ||||
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| Net Profit (PAT) | -₹1.64 Cr | ||||
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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 | -16.2% | ||||
| Net Profit Margin | -16.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Grove Limited, buy the company report.
Board of directors of Grove Limited
Grove has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Paul Thomas Also directs: Merchem India Pvt Ltd | Additional Director | 06 Aug 2024 | 2 Years 2 Months | Current |
| Rahul Vimalalayam Raju Also directs: Spicesphere Exports Private Limited | Additional Director | 21 Oct 2023 | 3 Years 0 Months | Current |
| Jolly Thomas Also directs: Merchem India Pvt Ltd | Director | 27 Jun 1995 | 31 Years 3 Months | Current |
Peer comparison
Grove Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Maruthi Venkatasai Foods Private Limited | ₹10.26 Cr (FY 2024) | 0.0% | Hyderabad, Telangana, India | |||
| Cravova Food & Beverages India Private Limited | ₹10.25 Cr (FY 2024) | -20.0% | Mumbai, Maharashtra, India | |||
| Grove Limitedthis company | ₹10.12 Cr (FY 2025) | -₹1.64 Cr | -16.2% | 227.0% | Kalamassery, Kerala, India | |
| Happymate Foods Limited | ₹10.09 Cr (FY 2025) | 38844.0% | Rajarhat, Kolkata, West Bengal, India |
To see the full peer comparison of Grove Limited, buy the company report.
Auditor
Grove Limited is audited by J.P. Chaturvedi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J.P. Chaturvedi & Co. | FY 2023 | 134150W |
Shareholding
The shareholding of Grove 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 Grove Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 May 2007 | 10053882 | Canara Bank | ₹4.81 Cr | Satisfied | |
| 23 May 2007 | 10055648 | National Bank for Agricultural and Rural Development | ₹2.28 Cr | Satisfied |
To see the full charge records of Grove Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Grove Limited has 27 court cases on record: 16 filed by Grove, 11 filed against it. 5 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 1 | 0 |
| District courts | 9 | 3 | 0 |
| NCLAT | 6 | 5 | 5 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Acme Chem Limited and 1 other | Pending |
| NCLAT, NCLAT Chennai | Court case (TA (AT)) | Filed against the company by Acme Chem Limited and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Acme Chem Limited and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Acme Chem Ltd and 2 others | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Merchem Limited Employees Organization (BMS) | Disposed |
To see the full case history of Grove 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 Grove Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Grove Limited has 1 active EPFO establishment as of Mar 29, 2024.
GST
Grove has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCG8065B1Z1 | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Grove Limited, buy the company report.
Recent activity
Grove Limited has 8 board changes on record since 1995: 3 appointments and 5 cessations. The latest: Lucy Jose ceased to be Director on 06 Aug 2024.
5 earlier events are in the company report.
Frequently asked questions
Grove is an active public limited company based in Kalamassery, Kerala, India. The company works in instant and ready-to-eat foods, within the food and beverages industry. It was incorporated on 27 June 1995 (31+ years old) and is registered under CIN U24222KL1995PLC009169.
Grove has 3 current directors:
- Raj Paul Thomas - Additional Director
- Rahul Vimalalayam Raju - Additional Director
- Jolly Thomas - Director
The latest financial statements of Grove on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Grove is 32AABCG8065B1Z1, registered in Kerala.
The CIN (Corporate Identification Number) of Grove is U24222KL1995PLC009169. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grove has 27 court cases on record: 16 filed by the company and 11 filed against it. 5 are pending. Most are in the high courts.
Grove was incorporated on 27 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Grove by revenue are Maruthi Venkatasai Foods Private Limited, Cravova Food & Beverages India Private Limited, Happymate Foods Limited, all in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products).
Lucy Jose ceased to be Director on 06 Aug 2024. Raj Paul Thomas was appointed as Additional Director on 06 Aug 2024. Rahul Vimalalayam Raju was appointed as Additional Director on 21 Oct 2023. Grove has 8 board changes on record in total.
The registered office of Grove is at Xxx512 45 A Development Plot, Kalamassery, Kerala, India – 683109.
Grove operates in the food and beverages industry, in the instant and ready-to-eat foods segment.