About Iff Overseas Private Limited
Data last updated:
Iff Overseas Private Limited was a private limited company based in Indore, Madhya Pradesh, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the lifestyle products and accessories manufacturing segment of the home and lifestyle products sector. It was incorporated on 04 March 1994.
The company was registered with the Registrar of Companies (ROC), Gwalior, under CIN U51102MP1994PTC008165. Its GSTIN is 23AAACI3958A1Z1 (Madhya Pradesh). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹6.1 Cr and a paid-up capital of ₹4.25 Cr. It was formerly known as Iff Overseas Limited. It was led by directors including Annapurna Maheshwari (Whole-Time Director) and Prateek Maheshwari.
Its last annual general meeting (AGM) was held on 30 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Ring Road Square Musakhedi, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹55.86 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.63 Cr (net margin 2.9%) and EBITDA of ₹4.53 Cr (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 12% over five years.
The company had about 225 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: IFF Overseas. As per MCA filings, the company had open charges of ₹56.45 Cr and satisfied charges of ₹83.73 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it. The company has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3.9 Cr; the latest was in July 2023. Its 4 peer companies in the Consumer Products industry (Lifestyle and Accessories Manufacturers), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 1 larger and 3 smaller; the largest is Indarsen Shamlal Private Limited with revenue of ₹57.21 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 794 overdue payments to 28 micro and small suppliers.
The last known website on record is iffoverseas.com.
Company details
Contact details
Iff Overseas Private Limited's registered office is in Indore, Madhya Pradesh. Its website is iffoverseas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressRing Road Square Musakhedi, Indore, Madhya Pradesh, India – 452001
- IndustryHome & Lifestyle, Lifestyle Products & Accessories Manufacturing
To see the full contact details of Iff Overseas Private 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
Iff Overseas operates one associated brand: IFF Overseas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of bags and accessories in India. | iffoverseas.com |
Business activity
The main business activity of Iff Overseas is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Iff Overseas Private Limited, buy the company report.
Financials of Iff Overseas Private Limited
FY 2024 filings availableIff Overseas Private Limited reported revenue of ₹55.86 Cr (down 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 68% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.63 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.1% | ||||
| Net Profit Margin | 2.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Iff Overseas Private Limited, buy the company report.
Board of directors of Iff Overseas Private Limited
Iff Overseas has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prateek Maheshwari Also directs: Brand Concepts Limited, Industrial Filters & Fabrics Private Limited, 7E Wellness India Private Limited and 2 more | Director | 30 Jun 2016 | 10 Years 3 Months | As last reported |
| Annapurna Maheshwari | Whole-Time Director | 18 Jun 1996 | 30 Years 4 Months | As last reported |
| Pradeep Maheshwari | Director | 04 Mar 1994 | 32 Years 7 Months | As last reported |
Peer comparison
Iff Overseas Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Lifestyle and Accessories Manufacturers), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indarsen Shamlal Private Limited | ₹57.21 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India | |||
| Iff Overseas Private Limitedthis company | ₹55.86 Cr (FY 2024) | ₹1.63 Cr | 2.9% | -7.0% | 225 | Indore, Madhya Pradesh, India |
| Jiwanram Sheoduttrai Industries Limited | ₹55.73 Cr (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Purecotz Eco Lifestyles Private Limited | ₹53.61 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Catex Overseas Import Export Private Limited | ₹53.6 Cr (FY 2024) | 11.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Iff Overseas Private Limited, buy the company report.
Auditor
Iff Overseas Private Limited is audited by Khandelwal & Jhaver for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khandelwal & Jhaver | FY 2023 | 072124 |
Shareholding
The shareholding of Iff Overseas Private 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 Iff Overseas Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2020 | 100399082 | Axis Bank Limited | ₹20.16 Cr | Satisfied | |
| 29 Dec 2018 | 100229832 | Others | ₹50 Lakh | Satisfied | |
| 21 Dec 2016 | 100072427 | Yes Bank Limited | ₹32.45 Cr | Satisfied | |
| 19 Nov 2016 | 100070451 | Yes Bank Limited | ₹6.5 Cr | Satisfied | |
| 16 Jun 2015 | 10613506 | Hdfc Bank Limited | ₹51.72 Lakh | Satisfied |
To see the full charge records of Iff Overseas Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Iff Overseas Private Limited has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3.9 Cr; the latest was in July 2023.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: B L Maheshwari Huf, 2 individuals |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Industrial Filters & Fabrics Private Limited , an individual |
| Dec 2010 | Funding round | ₹2.4 Cr | Investors: Millennium Cybertech Limited, Kailash Fincom Limited, Sapan Chemicals Limited |
| Dec 2008 | Secondary share transfer | Undisclosed | Buyer: Pradeep Maheshwari HUF, B L Maheshwari Huf, an individual Seller: Lexus Infotech Limited, Alka Diamond Industries Limited , an individual |
| Nov 2007 | Funding round | ₹50 Lakh | Investors: Lexus Infotech Limited, Alka Diamond Industries Limited |
To see the full deal history of Iff Overseas Private 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
Iff Overseas Private Limited has 8 court cases on record: 2 filed by Iff Overseas, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 5 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by Modfab India Private Limited | Disposed |
| High Court of Delhi | Court case (CM(M)) | Filed against the company by M/S Modfab India P. Ltd. | Disposed |
| District court, Central, Delhi | Civil suit | Filed against the company by Modfab India P. Ltd. | Disposed |
| District court, Indore, Madhya Pradesh | Court case (MACC) | Filed against the company | Disposed |
| District court, Central, Delhi | Execution petition | Filed by the company against Modfeb India Pvt. Ltd. | Disposed |
To see the full case history of Iff Overseas Private 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
Iff Overseas Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 794 overdue payments to 28 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Nipon Zip Industry Private Limited | |||
| Nirmal Offset Private Limited | |||
| Sarla Narrow Fabrics,Surat | |||
| an individual supplier | |||
| S.K.Packaging-Indore |
To see the full MSME payment records of Iff Overseas Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Iff Overseas Private Limited has a workforce of 225 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Iff Overseas has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACI3958A1Z1 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iff Overseas Private Limited, buy the company report.
Recent activity
Iff Overseas Private Limited has 3 board changes on record since 1994: 3 appointments. The latest: Prateek Maheshwari was appointed as Director on 30 Jun 2016.
42 earlier events are in the company report.
Frequently asked questions
Iff Overseas has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Iff Overseas was a private limited company based in Indore, Madhya Pradesh, India. The company worked in lifestyle products and accessories manufacturing, within the home and lifestyle industry. It was incorporated on 04 March 1994 and is registered under CIN U51102MP1994PTC008165. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Iff Overseas was incorporated on 04 March 1994. It is registered with the Registrar of Companies, Gwalior.
Iff Overseas had 3 directors:
- Annapurna Maheshwari - Whole-Time Director
- Prateek Maheshwari - Director
- Pradeep Maheshwari - Director
The CIN (Corporate Identification Number) of Iff Overseas is U51102MP1994PTC008165. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Iff Overseas is at Ring Road Square Musakhedi, Indore, Madhya Pradesh, India – 452001.
Iff Overseas can be reached through the website iffoverseas.com. Its registered office is in Indore, Madhya Pradesh, India.
The latest financial statements of Iff Overseas on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Iff Overseas is 23AAACI3958A1Z1, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Iff Overseas operated in the home and lifestyle industry, in the lifestyle products and accessories manufacturing segment.
Iff Overseas has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3.9 Cr; the latest was in July 2023.
The peers of Iff Overseas by revenue are Indarsen Shamlal Private Limited, Jiwanram Sheoduttrai Industries Limited, Purecotz Eco Lifestyles Private Limited, Catex Overseas Import Export Private Limited, all in the Consumer Products industry (Lifestyle and Accessories Manufacturers), with the same principal business activity (textile, leather and other apparel products).