About Honest Derivatives Private Limited
Data last updated: 23 July 2025
Honest Derivatives Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Shri Tradco India Private Limited. 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 specialises in organic and health foods, a part of the broader food and beverages sector. Incorporated on 05 July 2007, the company has been in operation for over 19 years.
Registered with ROC Ahmedabad under CIN U93000GJ2007PTC051271.
Capital: an authorised share capital of ₹26.5 Cr and a paid-up capital of ₹24.14 Cr. It is led by directors including Harshad Shamkant Deshpande and Nidhi Rajratan Agarwal.
Last AGM: 29 October 2022. Financial statements filed for year ended 31 March 2020. Office: 43 Second Floor Sumel Business Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2020, the company reported a revenue of ₹52.12 Cr, a decline of 84% compared to the previous year.
The company has a workforce of approximately 234 employees as per the latest available data. It operates as a subsidiary of Shri Tradco India Private Limited.
As per MCA filings, the company has open charges of ₹223.08 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is honestglobal.com.
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Registered AddressE – 43 Second Floor Sumel Business Park Near New Cloth Market Outside Raipur Ga, Te, Ahmedabad, Gujarat, India – 380002
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IndustryFood and Beverages, Organic & Health Foods
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Business Activity of Honest Derivatives Private Limited
Honest Derivatives Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details for Honest Derivatives Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Honest Derivatives Private Limited
Honest Derivatives Private Limited is audited by AAKASH SONI & ASSOCIATES for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AAKASH SONI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Honest Derivatives Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
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Board of Directors of Honest Derivatives Private Limited
Honest Derivatives Private Limited is currently managed by 3 directors, with 7 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Harshad Shamkant Deshpande
Also directs:
Accounting Technicians Foundation
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Irp/Rp/Liquidator | 19 Jul 2024 | 2 Years 0 Months | As last reported |
| Nidhi Rajratan Agarwal | Director | 22 Jan 2010 | 16 Years 6 Months | As last reported |
| Rajratan Babulal Agarwal | Director | 22 Jan 2010 | 16 Years 6 Months | As last reported |
Financials of Honest Derivatives Private Limited FY 2020 filings available
Honest Derivatives Private Limited reported revenue of ₹52.12 Cr (down 84.00% YoY) for FY 2020.
Ten-year financial statements for Honest Derivatives Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Honest Derivatives Private Limited
Shareholding and ownership data for Honest Derivatives Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings of Honest Derivatives Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jan 2018 | Others | ₹21 Cr | Open |
| 19 Dec 2017 | Others | ₹8 Cr | Open |
| 08 Sep 2008 | State Bank of India | ₹97.04 Cr | Open |
| 08 Sep 2008 | State Bank of India | ₹97.04 Cr | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Honest Derivatives Private Limited
Honest Derivatives Private Limited has a workforce of 234 employees as of Mar 22, 2024.
Employee and EPFO history for Honest Derivatives Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Honest Derivatives Private Limited
GST registrations and filing compliance for Honest Derivatives Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
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Credit Ratings, Litigation & Regulatory Alerts for Honest Derivatives Private Limited
Credit ratings, litigation, and regulatory alerts for Honest Derivatives Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Honest Derivatives Private Limited
MSME payment history for Honest Derivatives Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Honest Derivatives Private Limited
Corporate group structure for Honest Derivatives Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Honest Derivatives Private Limited
MCA filings and documents for Honest Derivatives Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Honest Derivatives Private Limited
Frequently Asked Questions about Honest Derivatives Private Limited
Honest Derivatives Private Limited 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.
Honest Derivatives Private Limited is a company under insolvency, formerly operating as a private limited company in the food and beverages sector based in Ahmedabad, Gujarat, India. It was incorporated on 05 July 2007 and is registered under CIN U93000GJ2007PTC051271. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Honest Derivatives Private Limited reported revenue of ₹52.12 Cr for FY 2020 (down 84.00% YoY).
The current directors of Honest Derivatives Private Limited are:
- Harshad Shamkant Deshpande - Irp/Rp/Liquidator
- Nidhi Rajratan Agarwal - Director
- Rajratan Babulal Agarwal - Director
The CIN (Corporate Identification Number) of Honest Derivatives Private Limited is U93000GJ2007PTC051271. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honest Derivatives Private Limited has open charges of ₹223.08 Cr and no satisfied charges on record as per latest MCA filings.