Indison Agro Foods Limited
About Indison Agro Foods Limited
Data last updated:
Indison Agro Foods Limited is a public limited company based in Indore, Madhya Pradesh, India. 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 operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 03 November 2003.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U01111MP2003PLC016196.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹34.86 Cr. It is led by directors including Vijay Kumar Jain and Devraj Jain.
Its last annual general meeting (AGM) was held on 30 September 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at 310 Pathar Mudla Road Palda, Indore, Madhya Pradesh, India – 452001.
As per MCA filings, the company has open charges of ₹573.16 Cr and satisfied charges of ₹7.5 Cr on record. Court records list 19 cases involving the company, including 4 filed by the company and 15 filed against it; 7 cases are pending. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹14.6 Cr; the latest was in October 2014.
Company details
Contact details
Indison Agro Foods Limited's registered office is in Indore, Madhya Pradesh.
- Registered Address310 Pathar Mudla Road Palda, Indore, Madhya Pradesh, India – 452001
- IndustryChemicals and Materials, Specialty Chemicals
- 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
Financials of Indison Agro Foods Limited
FY 2014 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Indison Agro Foods Limited, buy the company report.
Board of directors of Indison Agro Foods Limited
Indison Agro Foods has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kumar Jain | Director | 03 Nov 2003 | 22 Years 11 Months | As last reported |
| Devraj Jain | Director | 03 Nov 2003 | 22 Years 11 Months | As last reported |
| Mahendra Tilokchand Jain | Director | 03 Nov 2003 | 22 Years 11 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2014 | 10549096 | State Bank of India | ₹183.64 Cr | Open | |
| 05 Jul 2013 | 10442248 | State Bank of Patiala | ₹15 Cr | Open | |
| 24 Mar 2013 | 10420985 | State Bank of India | ₹65 Cr | Open | |
| 01 Dec 2011 | 10324963 | State Bank of India (Lead Bank) | ₹175 Cr | Open | |
| 29 Mar 2011 | 10275189 | Others | ₹65.7 Cr | Open |
To see the full charge records of Indison Agro Foods Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Indison Agro Foods Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹14.6 Cr; the latest was in October 2014.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2014 | Rights issue | ₹20.01 Cr | Investors: 4 individuals |
| Mar 2013 | Funding round | ₹5 Cr | Investors: 4 individuals |
| Mar 2011 | Funding round | ₹6.35 Cr | Investors: 4 individuals |
| Mar 2009 | Funding round | ₹3.25 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indison Agro Foods Limited has 19 court cases on record: 4 filed by Indison Agro Foods, 15 filed against it. 7 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 4 |
| NCLT | 6 | 2 | 0 |
| NCLAT | 3 | 3 | 2 |
| High courts | 2 | 2 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (MJC R) | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by State Bank of India | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, Gwalior, Madhya Pradesh | Court case (RCT) | Filed against the company by Company Registrar | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Cargill India Pvt Ltd | Pending |
To see the full case history of Indison Agro Foods 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
Indison Agro Foods Limited was last rated by Brickwork on 29 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 29 Sep 2020 |
To see the full credit ratings and regulatory alerts of Indison Agro Foods Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indison Agro Foods Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Indison Agro Foods Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Indison Agro Foods Limited has 3 board changes on record since 2003: 3 appointments. The latest: Devraj Jain was appointed as Director on 03 Nov 2003.
8 earlier events are in the company report.
Frequently asked questions
Indison Agro Foods 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.
Indison Agro Foods is a company under insolvency, formerly operating as a public limited company based in Indore, Madhya Pradesh, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 03 November 2003 and is registered under CIN U01111MP2003PLC016196. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indison Agro Foods has 3 current directors:
- Vijay Kumar Jain - Director
- Devraj Jain - Director
- Mahendra Tilokchand Jain - Director
The latest financial statements of Indison Agro Foods on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 30 September 2014. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Indison Agro Foods is U01111MP2003PLC016196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indison Agro Foods has open charges of ₹573.16 Cr and satisfied charges of ₹7.5 Cr as per latest MCA filings.
Indison Agro Foods has 19 court cases on record: 4 filed by the company and 15 filed against it. 7 are pending. Most are in the district courts.
Indison Agro Foods was incorporated on 03 November 2003. It is registered with the Registrar of Companies, Gwalior.
Indison Agro Foods has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹14.6 Cr; the latest was in October 2014.
Devraj Jain was appointed as Director on 03 Nov 2003. Mahendra Tilokchand Jain was appointed as Director on 03 Nov 2003. Vijay Kumar Jain was appointed as Director on 03 Nov 2003.
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