India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,482 Raseshkumar R Desai & family ₹1,400 Cr
Revenue · FY 2026
₹2,498.31 Cr
▲ 6% YoY
Net profit · FY 2026
₹178.49 Cr
Net margin 7.1%
EBITDA · FY 2026
₹321.05 Cr
EBITDA margin 12.9%
Authorised capital
₹40 Cr
Registered with MCA
Paid-up capital
₹28.98 Cr
Issued & subscribed
Open charges
₹197 Cr
Satisfied ₹90 Cr
Company age
46 yrs
Est. 1980
Employees · EPFO
982
Provident fund records
About Gujarat Tea Processors and Packers Limited
Data last updated:
Gujarat Tea Processors and Packers Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the tea and coffee processing segment of the agriculture sector. It was incorporated on 22 September 1980 and has been in existence for over 46 years.
Its director Raseshkumar R Desai and family are #1,482 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U01132GJ1980PLC003946. Its GSTIN is 24AAACG5594L1ZA (Gujarat). The company holds 13 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹28.98 Cr. It was formerly known as Gujarat Tea Processors and Packers Private Limited. It is led by directors including Rasesh Ramdas Desai (Managing Director) and Paraskumar Pankajkumar Desai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 23 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Waghbakrihouseopp.Parimalgardenambawadi, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2026, the company reported a revenue of ₹2,498.31 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹178.49 Cr (net margin 7.1%) and EBITDA of ₹321.05 Cr (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
The company has about 982 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: BuyTea and Wagh Bakri Tea Group. As per MCA filings, the company has open charges of ₹197 Cr and satisfied charges of ₹90 Cr on record. Court records list 68 cases involving the company, including 49 filed by the company and 19 filed against it; 14 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in June 2008. Its 3 peer companies in the Agriculture industry (Tea and Coffee), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 1 smaller; the largest is CCL Products (India) Limited with revenue of ₹3,114.2 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website waghbakritea.com.
Company details
CIN U01132GJ1980PLC003946
Registration Number 003946
Incorporation Date 22 September 1980
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Gujarat Tea Processors and Packers has one previous CIN (Corporate Identification Number): U01132GJ1980PTC003946. The current CIN is U01132GJ1980PLC003946, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01132GJ1980PLC003946 | Current |
| U01132GJ1980PTC003946 | Previous |
Key People
Rasesh Ramdas Desai Managing Director Paraskumar Pankajkumar Desai Whole-Time Director Priyam Bimal Parikh Whole-Time Director Recognitions & Rankings of Gujarat Tea Processors and Packers
Contact details
Gujarat Tea Processors and Packers Limited's registered office is in Ahmedabad, Gujarat. Its website is waghbakritea.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressWaghbakrihouseopp.Parimalgardenambawadi, Ahmedabad, Gujarat, India – 380006
- IndustryAgriculture, Tea & Coffee Processing
To see the full contact details of Gujarat Tea Processors and Packers Limited, buy the company report.
Comprehensive company report
Gujarat Tea Processors and Packers Limited - one report that includes everything
- 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
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Brands
Gujarat Tea Processors and Packers operates two associated brands: BuyTea and Wagh Bakri Tea Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sells Indian teas, green teas, instant premixes, and snacks through online platform. | buytea.com | |
| Diverse packaged teas are provided for various consumer preferences. | waghbakritea.com |
Business activity
The main business activity of Gujarat Tea Processors and Packers 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 Gujarat Tea Processors and Packers Limited, buy the company report.
Financials of Gujarat Tea Processors and Packers Limited
FY 2026 filings availableGujarat Tea Processors and Packers Limited reported revenue of ₹2,498.31 Cr (up 6% YoY) for FY 2026.
Revenue · FY 2026
₹2,498.31 Cr ▲ 6%
Net profit · FY 2026
₹178.49 Cr margin 7.1%
EBITDA · FY 2026
₹321.05 Cr margin 12.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 10%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 17%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 6% growth in the latest year. EBITDA rose 39% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2,498.31 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹321.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹178.49 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.9% | ||||
| Net Profit Margin | 7.1% | ||||
| 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 Gujarat Tea Processors and Packers Limited, buy the company report.
Board of directors of Gujarat Tea Processors and Packers Limited
Gujarat Tea Processors and Packers has 14 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paraskumar Pankajkumar Desai | Whole-Time Director | 01 Jan 2012 | 14 Years 10 Months | Current |
| Krishna Rasesh Desai Also directs: Krishnalaxmi Multi Trade Private Limited | Director | 09 Oct 1998 | 28 Years 0 Months | Current |
| Rajesh Chimanlal Shah | Director | 25 Dec 2003 | 22 Years 10 Months | Current |
| Maitri Darshan Jhaveri Also directs: Adorn Studio LLP, Jagruti Multi-Trade LLP | Director | 09 Oct 1998 | 28 Years 0 Months | Current |
| Bhushan Chelaram Punani | Director | 22 Mar 2001 | 25 Years 7 Months | Current |
| Mayank Pradyumna Shah | Director | 16 Dec 1994 | 31 Years 10 Months | Current |
Showing 6 of 14 current directors. View all directors
Peer comparison
Gujarat Tea Processors and Packers Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Tea and Coffee), 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 |
|---|---|---|---|---|---|---|
| CCL Products (India) Limited | ₹3,114.2 Cr (FY 2025) | 17.0% | Guntur, Andhra Pradesh, India | |||
| Tata Coffee Limited | ₹2,879.56 Cr (FY 2023) | 21.0% | Karnataka, India | |||
| Gujarat Tea Processors and Packers Limitedthis company | ₹2,498.31 Cr (FY 2026) | ₹178.49 Cr | 7.1% | 6.0% | 982 | Ahmedabad, Gujarat, India |
| Luxmi Tea Co Private Limited | ₹1,643.93 Cr (FY 2025) | 26.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Gujarat Tea Processors and Packers Limited, buy the company report.
Auditor
Gujarat Tea Processors and Packers Limited is audited by SHAH & SHAH ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & SHAH ASSOCIATES | FY 2025 | 113742W |
Shareholding
The shareholding of Gujarat Tea Processors and Packers Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gujarat Tea Processors and Packers Limited, buy the company report.
Charges & borrowings
Open charges
₹197 Cr
Satisfied charges
₹90 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2025 | 101082262 | Hdfc Bank Limited | ₹99 Cr | Open | |
| 29 Sep 1995 | 90096388 | State Bank of India | ₹98 Cr | Open | |
| 29 Mar 2022 | 100563749 | Hdfc Bank Limited | ₹90 Cr | Satisfied |
To see the full charge records of Gujarat Tea Processors and Packers Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Gujarat Tea Processors and Packers Limited has 1 deal on record (1 secondary share transfer); the latest was in June 2008.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2008 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gujarat Tea Processors and Packers Limited has 68 court cases on record: 49 filed by Gujarat Tea Processors and Packers, 19 filed against it. 14 cases are pending and 54 are disposed.
Total cases
68
Filed by the company
49
Filed against the company
19
Pending
14
Disposed
54
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 43 | 10 | 5 |
| District courts | 23 | 7 | 9 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2401-Indirect Taxation : Customs Act, Customs Tariff Act, Export, Import and Anti-Dumping duty) | Filed against the company by Union of India and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against M/S. Savaliya Tea Packers Pvt. Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Trusha Tea Marketing Pvt Ltd and 1 other | Pending |
| Supreme Court | Court case (2804-Mercantile Laws, Commercial Transactions Including Banking : Trade Marks/Copy Rights/Patents/Design Act) | Filed against the company by Savaliya Tea Packers Pvt. Ltd. Rep. by Director Krunal J. Patel S/O Jaysukhbhai Patel R/O A-502, Hilltown Residency Opposite Merriote Sky, Nikol Ahmedabad, Gujarat - 382350 , District: Gujarat ,Ahmedabad , Gujarat | Disposed |
| High Court, GUJARAT | Court case (AO) | Filed by the company against Savaliya Tea Packers Pvt Ltd | Disposed |
To see the full case history of Gujarat Tea Processors and Packers 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
Gujarat Tea Processors and Packers Limited was last rated by Care on 05 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Jul 2022 |
To see the full credit ratings and regulatory alerts of Gujarat Tea Processors and Packers Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gujarat Tea Processors and Packers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gujarat Tea Processors and Packers Limited has a workforce of 982 employees on its EPFO records as of Sep 26, 2025, across 1 active EPFO establishment.
Employee count
982
Active EPFO establishments
1
Employee growth
7.32%
GST
Gujarat Tea Processors and Packers has 13 GST registrations: 10 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
13
Active
10
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG5594L1ZA | Gujarat | Active | 01 Jul 2017 |
| 19AAACG5594L1Z1 | West Bengal | Active | 01 Jul 2017 |
| 23AAACG5594L1ZC | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AAACG5594L1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gujarat Tea Processors and Packers Limited, buy the company report.
Recent activity
Gujarat Tea Processors and Packers Limited has 39 board changes on record since 1983: 15 appointments and 24 cessations. The latest: Rajesh Chimanlal Shah ceased to be Director on 01 Aug 2025.
AGM
Gujarat Tea Processors And Packers Limited last Annual general meeting of members was held on 23 Sep 2026 as per latest MCA records.
Filing
Gujarat Tea Processors And Packers Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Ceased
Rajesh Chimanlal Shah ceased to be Director.
Appointed
Yogesh Ghanshyambhai Shah was appointed as Director.
Charges
A charge registered on 29 Mar 2022 via Charge ID 100563749 with Hdfc Bank Limited was fully satisfied on 24 Apr 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 99.00 Cr with Charge ID 101082262 was registered on 29 Mar 2025.
Appointed
Sandeep Bhandari was appointed as CFO.
Ceased
Ashok Kumar Bhargava ceased to be Additional Director.
Ceased
Dhinal Ashvinbhai Shah ceased to be Additional Director.
Ceased
Vidisha Parag Desai ceased to be Additional Director.
Ceased
Arun Narain Singh ceased to be Additional Director.
Appointed
Ashok Kumar Bhargava was appointed as Director.
35 earlier events are in the company report.
News
Frequently asked questions
Gujarat Tea Processors and Packers is an active public limited company based in Ahmedabad, Gujarat, India. The company works in tea and coffee processing, within the agriculture industry. It was incorporated on 22 September 1980 (46+ years old) and is registered under CIN U01132GJ1980PLC003946.
Gujarat Tea Processors and Packers has 14 current directors:
- Rasesh Ramdas Desai - Managing Director
- Paraskumar Pankajkumar Desai - Whole-Time Director
- Priyam Bimal Parikh - Whole-Time Director
- Vidisha Parag Desai - Whole-Time Director
- Krishna Rasesh Desai - Director
- Rajesh Chimanlal Shah - Director
- Maitri Darshan Jhaveri - Director
- Bhushan Chelaram Punani - Director
- Mayank Pradyumna Shah - Director
- Ashwinkumar Narhariprasad Joshi - Director
- Malvi Paras Desai - Director
- Yogesh Ghanshyambhai Shah - Director
- Ashok Kumar Bhargava - Director
- Devikaben Paras Desai - Director
The latest financial statements of Gujarat Tea Processors and Packers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Gujarat Tea Processors and Packers is 24AAACG5594L1ZA, registered in Gujarat. The company has 13 GST registrations in all, of which 10 are active and 3 are cancelled or inactive. Other active GSTINs include 19AAACG5594L1Z1 (West Bengal), 23AAACG5594L1ZC (Madhya Pradesh), 27AAACG5594L1Z4 (Maharashtra).
The CIN (Corporate Identification Number) of Gujarat Tea Processors and Packers is U01132GJ1980PLC003946. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gujarat Tea Processors and Packers has 68 court cases on record: 49 filed by the company and 19 filed against it. 14 are pending. Most are in the high courts.
Gujarat Tea Processors and Packers was incorporated on 22 September 1980, making it 46+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gujarat Tea Processors and Packers has 1 deal on record (1 secondary share transfer); the latest was in June 2008.
The peers of Gujarat Tea Processors and Packers by revenue are CCL Products (India) Limited, Tata Coffee Limited, Luxmi Tea Co Private Limited, all in the Agriculture industry (Tea and Coffee), with the same principal business activity (food, beverages and tobacco products).
Rajesh Chimanlal Shah ceased to be Director on 01 Aug 2025. Yogesh Ghanshyambhai Shah was appointed as Director on 01 Aug 2025. Sandeep Bhandari was appointed as CFO on 05 Feb 2025. Gujarat Tea Processors and Packers has 39 board changes on record in total.
Gujarat Tea Processors and Packers can be reached through the website waghbakritea.com. Its registered office is in Ahmedabad, Gujarat, India.
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