Iff Overseas Private Limited

Iff Overseas Private Limited - home & lifestyle in Indore, Madhya Pradesh, India. Directors, charges & compliance details.
CIN U51102MP1994PTC008165 Incorporated 04 March 1994 ROC Gwalior HQ Indore, Madhya Pradesh, India
Merged Private Limited Company home and lifestyle
Data last updated
Revenue · FY 2024
₹55.86 Cr
▼ 7% YoY
Net profit · FY 2024
₹1.63 Cr
Net margin 2.9%
EBITDA · FY 2024
₹4.53 Cr
EBITDA margin 8.1%
Authorised capital
₹6.1 Cr
Registered with MCA
Paid-up capital
₹4.25 Cr
Issued & subscribed
Open charges
₹56.45 Cr
Satisfied ₹83.73 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
225
Provident fund records

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

CIN U51102MP1994PTC008165
Registration Number 008165
Incorporation Date 04 March 1994
ROC Gwalior
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 30 August 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant

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
  • Registered Address
    Ring Road Square Musakhedi, Indore, Madhya Pradesh, India – 452001
  • Industry
    Home & Lifestyle, Lifestyle Products & Accessories Manufacturing

To see the full contact details of Iff Overseas Private Limited, buy the company report.

Comprehensive company report
Iff Overseas Private 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

Iff Overseas operates one associated brand: IFF Overseas. Each brand links to its own profile.

BrandDescriptionWebsite
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 codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, 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 available

Iff Overseas Private Limited reported revenue of ₹55.86 Cr (down 7% YoY) for FY 2024.

Revenue · FY 2024
₹55.86 Cr ▼ 7%
Net profit · FY 2024
₹1.63 Cr margin 2.9%
EBITDA · FY 2024
₹4.53 Cr margin 8.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 55%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 68%
3 years · compounded
▲ 51%
5 years · compounded
▲ 6%

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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹4.53 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.63 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin8.1%
Net Profit Margin2.9%
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 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.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Prateek MaheshwariDirector30 Jun 201610 Years 3 MonthsAs last reported
Annapurna MaheshwariWhole-Time Director18 Jun 199630 Years 4 MonthsAs last reported
Pradeep MaheshwariDirector04 Mar 199432 Years 7 MonthsAs 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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 Cr2.9%-7.0%225Indore, 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 firmFinancial yearFirm registration number
Khandelwal & JhaverFY 2023072124

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 categoryFY 2023FY 2022FY 2021FY 2020FY 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

Open charges
₹56.45 Cr
Satisfied charges
₹83.73 Cr
Breakdown by lending institutions
Yes Bank Limited₹38.95 Cr
Axis Bank Limited₹20.16 Cr
State Bank of India₹19.02 Cr
State Bank of Indore₹4.18 Cr
Hdfc Bank Limited₹0.52 Cr
Others₹0.90 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Jun 2020100399082Axis Bank Limited₹20.16 CrSatisfied
29 Dec 2018100229832Others₹50 LakhSatisfied
21 Dec 2016100072427Yes Bank Limited₹32.45 CrSatisfied
19 Nov 2016100070451Yes Bank Limited₹6.5 CrSatisfied
16 Jun 201510613506Hdfc Bank Limited₹51.72 LakhSatisfied

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.

Total deals
11
Secondary share transfers
8
Funding rounds
3
Disclosed funding
₹3.9 Cr

Deals on record (5 of 11)

WhenDealAmountParties
Jul 2023Secondary share transferUndisclosedBuyer: 3 individuals
Seller: B L Maheshwari Huf, 2 individuals
Jul 2016Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Industrial Filters & Fabrics Private Limited , an individual
Dec 2010Funding round₹2.4 CrInvestors: Millennium Cybertech Limited, Kailash Fincom Limited, Sapan Chemicals Limited
Dec 2008Secondary share transferUndisclosedBuyer: Pradeep Maheshwari HUF, B L Maheshwari Huf, an individual
Seller: Lexus Infotech Limited, Alka Diamond Industries Limited , an individual
Nov 2007Funding round₹50 LakhInvestors: 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.

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)

SupplierAmount dueDue sinceReported 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.

Employee count
225
Active EPFO establishments
1
Employee growth
24.31%

GST

Iff Overseas has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
23AAACI3958A1Z1Madhya PradeshActive01 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.

Charges
A charge registered on 16 Jun 2015 via Charge ID 10613506 with Hdfc Bank Limited was fully satisfied on 21 Sep 2024.
AGM
Iff Overseas Private Limited last Annual general meeting of members was held on 30 Aug 2024 as per latest MCA records.
Filing
Iff Overseas Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge registered on 29 Jun 2020 via Charge ID 100399082 with Axis Bank Limited was fully satisfied on 07 Jan 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 20.16 Cr with Charge ID 100399082 was registered on 29 Jun 2020.
Charges
A charge registered on 21 Dec 2016 via Charge ID 100072427 with Yes Bank Limited was fully satisfied on 16 Jun 2020.
Charges
A charge registered on 19 Nov 2016 via Charge ID 100070451 with Yes Bank Limited was fully satisfied on 16 Jun 2020.
Charges
A charge registered on 29 Dec 2018 via Charge ID 100229832 with Others was fully satisfied on 01 Jul 2019.
Charges
A charge with Yes Bank Limited of Rs. 32.45 Cr registered on 21 Dec 2016 with Charge ID 100072427 was modified on 14 Jun 2019.
Charges
A charge with Others of Rs. 0.50 Cr registered on 29 Dec 2018 with Charge ID 100229832 was modified on 31 Mar 2019.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100229832 was registered on 29 Dec 2018.
Charges
A charge with Yes Bank Limited of Rs. 6.50 Cr registered on 19 Nov 2016 with Charge ID 100070451 was modified on 25 Sep 2018.

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:

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).