- #465 Karunakar Reddy Baddam & family ₹7,500 Cr

About Idl Explosives Limited
Data last updated:
Idl Explosives Limited is a public limited company based in Hyderabad, Telangana, India, a subsidiary of Gocl Corporation Limited. It operates in the pharmaceuticals segment of the chemicals sector. It was incorporated on 22 September 2010 and has been in existence for over 16 years.
Its director Karunakar Reddy Baddam and family are #465 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U28132TG2010PLC070529. Its GSTIN is 36AACCI4429C1ZW (Telangana). The company holds 18 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹12.49 Cr and a paid-up capital of ₹7.87 Cr. It is led by directors including Prabhat Ranjan (Whole-Time Director) and Addepalli Krishna Sai Kumar.
Its last annual general meeting (AGM) was held on 24 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2023, the company reported a revenue of ₹784.68 Cr, a growth of 96% compared to the previous year. For the same year it recorded a net loss of ₹32.8 Cr (net margin -4.2%) and EBITDA of -₹26.54 Cr (EBITDA margin -3.4%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 13% over five years.
The company has about 510 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IDL Explosives. As per MCA filings, the company has open charges of ₹365.4 Cr and satisfied charges of ₹120.1 Cr on record. Court records list 55 cases involving the company, including 51 filed by the company and 4 filed against it; 10 cases are pending. The company has 6 deals on record (2 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹24.9 Cr; the latest was in May 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website idlexplosives.com.
Company details
CIN history
Idl Explosives has one previous CIN (Corporate Identification Number): U28132AP2010PLC070529. The current CIN is U28132TG2010PLC070529, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28132TG2010PLC070529 | Current |
| U28132AP2010PLC070529 | Previous |
Recognitions & Rankings of Idl Explosives
Contact details
Idl Explosives Limited's registered office is in Hyderabad, Telangana. Its website is idlexplosives.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.128/A Right Wing, 4th Floor Bel Road Ida Mallapur, Hyderabad, Telangana, India – 500076
- IndustryChemicals, Pharmaceuticals, Medicinal Chemical & Botanical Products, Chemical Products
To see the full contact details of Idl Explosives 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
Idl Explosives operates one associated brand: IDL Explosives. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IDL Explosives | idlexplosives.com |
Financials of Idl Explosives Limited
FY 2025 filings availableIdl Explosives Limited reported revenue of ₹784.68 Cr (up 96% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 96% growth 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹784.68 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹26.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹32.8 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.4% | ||||
| Net Profit Margin | -4.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Idl Explosives Limited, buy the company report.
Board of directors of Idl Explosives Limited
Idl Explosives has 6 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Addepalli Krishna Sai Kumar Also directs: Apollo Micro Systems Limited, Apollo Food & Beverages Private Limited, Apollo Defence Industries Private Limited and 1 more | Additional Director | 15 Nov 2025 | 0 Years 11 Months | Current |
| Karunasree Samudrala Also directs: Apollo Micro Systems Limited, Samudrala K & Co LLP, Roopa Industries Limited and 2 more | Additional Director | 15 Nov 2025 | 0 Years 11 Months | Current |
| Raghupathy Goud Theegala | Additional Director | 15 Nov 2025 | 0 Years 11 Months | Current |
| Karunakar Reddy Baddam Also directs: Apollo Micro Systems Limited, Apollo Food & Beverages Private Limited, Apollo Defence Industries Private Limited and 3 more | Additional Director | 15 Nov 2025 | 0 Years 11 Months | Current |
| Prabhat Ranjan | Whole-Time Director | 01 Jul 2024 | 2 Years 4 Months | Current |
| Bhuloka Mathasri Pavuluru | Additional Director | 15 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Idl Explosives Limited is audited by Haribhakti & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Haribhakti & Co. LLP | FY 2023 | 103523W/W-100048 |
Shareholding
The shareholding of Idl Explosives 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 Idl Explosives Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2022 | 100564809 | Idbi Bank Limited | ₹60 Cr | Open | |
| 10 Dec 2019 | 100315111 | Others | ₹50 Cr | Open | |
| 22 Dec 2015 | 10610168 | Others | ₹70 Cr | Open | |
| 22 Nov 2012 | 10397926 | Yes Bank Limited | ₹100 Cr | Open | |
| 15 Sep 2011 | 10315970 | State Bank of India | ₹85.4 Cr | Open |
To see the full charge records of Idl Explosives Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Idl Explosives Limited has 6 deals on record (2 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹24.9 Cr; the latest was in May 2025.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2025 | Acquisition | ₹107 Cr | Buyer: Apollo Defence Industries Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: Gocl Corporation Limited |
| Sep 2017 | Rights issue | ₹19.06 Cr | Investors: Gocl Corporation Limited |
| Sep 2014 | Acquisition | ₹6 Cr | Buyer: Gocl Corporation Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Seller: Gocl Corporation Limited |
To see the full deal history of Idl Explosives 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
Idl Explosives Limited has 55 court cases on record: 51 filed by Idl Explosives, 4 filed against it. 10 cases are pending and 45 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 40 | 1 | 4 |
| District courts | 12 | 2 | 5 |
| Supreme Court | 3 | 1 | 1 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (MAT) | Filed by the company against Coal India Ltd and Anr | Pending |
| Supreme Court | Court case (4601-Tenders/licenses/leases : Tenders/licenses/leases invited by Union/ UT’s/ Central public sector undertakings, including cancellation/award of tenders.) | Filed against the company by Coal India Limited Through Managing Director Coal Bhavan, Level I, Premises No.4, Plot No. Af-Iii, Action Area 1A, New Town ,Kolkata , West Bengal and 3 others | Pending |
| High Court, TELANGANA | Appeal | Filed by the company against Singareni Collieries Company Limited | Disposed |
| High Court, West Bengal | Writ petition | Filed by the company against Coal India Limited and Anr | Disposed |
| Supreme Court | Court case | Filed by the company against Singareni Collieries Company Limited. | Disposed |
To see the full case history of Idl Explosives 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
Idl Explosives Limited was last rated by Icra on 09 Apr 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 09 Apr 2019 |
To see the full credit ratings and regulatory alerts of Idl Explosives Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Idl Explosives Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Idl Explosives Limited has a workforce of 510 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Idl Explosives has 18 GST registrations: 11 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCI4429C1ZW | Telangana | Active | 01 Jul 2017 |
| 36AACCI4429C2ZV | Telangana | Active | 31 Aug 2017 |
| 08AACCI4429C1ZV | Rajasthan | Active | 01 Jul 2017 |
| 19AACCI4429C1ZS | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Idl Explosives Limited, buy the company report.
Recent activity
Idl Explosives Limited has 21 board changes on record since 2011: 6 appointments and 15 cessations. The latest: Addepalli Krishna Sai Kumar was appointed as Additional Director on 15 Nov 2025.
50 earlier events are in the company report.
News
Frequently asked questions
Idl Explosives is an active public limited company based in Hyderabad, Telangana, India. The company works in pharmaceuticals, within the chemicals industry. It was incorporated on 22 September 2010 (16+ years old) and is registered under CIN U28132TG2010PLC070529.
Idl Explosives has 6 current directors:
- Prabhat Ranjan - Whole-Time Director
- Addepalli Krishna Sai Kumar - Additional Director
- Karunasree Samudrala - Additional Director
- Raghupathy Goud Theegala - Additional Director
- Karunakar Reddy Baddam - Additional Director
- Bhuloka Mathasri Pavuluru - Additional Director
The latest financial statements of Idl Explosives on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Idl Explosives is 36AACCI4429C1ZW, registered in Telangana. The company has 18 GST registrations in all, of which 11 are active and 7 are cancelled or inactive. Other active GSTINs include 36AACCI4429C2ZV (Telangana), 08AACCI4429C1ZV (Rajasthan), 19AACCI4429C1ZS (West Bengal).
The CIN (Corporate Identification Number) of Idl Explosives is U28132TG2010PLC070529. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Idl Explosives has 55 court cases on record: 51 filed by the company and 4 filed against it. 10 are pending. Most are in the high courts.
Idl Explosives was incorporated on 22 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Hyderabad.
Idl Explosives has 6 deals on record (2 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹24.9 Cr; the latest was in May 2025.
Addepalli Krishna Sai Kumar was appointed as Additional Director on 15 Nov 2025. Karunakar Reddy Baddam was appointed as Additional Director on 15 Nov 2025. Karunasree Samudrala was appointed as Additional Director on 15 Nov 2025. Idl Explosives has 21 board changes on record in total.
Idl Explosives can be reached through the website idlexplosives.com. Its registered office is in Hyderabad, Telangana, India.

