MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0005855
Indo Bakels Private Limited - food and beverages in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹64.47 Cr
▲ 2% YoY
Net loss · FY 2025
₹2.07 Cr
Net margin -3.2%
EBITDA · FY 2025
₹4.44 Cr
EBITDA margin 6.9%
Authorised capital
₹14 Cr
Registered with MCA
Paid-up capital
₹13.75 Cr
Issued & subscribed
Satisfied charges
₹2.4 Cr
No open charges
Company age
30 yrs
Est. 1996
Employees · EPFO
56
Provident fund records
About Indo Bakels Private Limited
Data last updated:
Indo Bakels Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Emu Ag. It operates in the bakery and confectionery products segment of the food and beverages sector. It was incorporated on 11 January 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15100MH1996PTC096157. Its GSTIN is 27AAACI1936Q1Z6 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹13.75 Cr. It is led by directors including Patrick Albert Gloggner and Ajay Bilasrai Goyal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹64.47 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹2.07 Cr (net margin -3.2%) and EBITDA of ₹4.44 Cr (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 13% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indo Bakels. As per MCA filings, the company has satisfied charges of ₹2.4 Cr on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 5 cases are pending.
Indo Bakels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0005855). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bakels.in.
Company details
CIN U15100MH1996PTC096157
Registration Number 096157
Incorporation Date 11 January 1996
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Emu Ag
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0005855
Key People
Patrick Albert Gloggner Director Ajay Bilasrai Goyal Director Vikas Mahesh Toshniwal Director Recognitions & Rankings of Indo Bakels
Contact details
Indo Bakels Private Limited's registered office is in Mumbai, Maharashtra. Its website is bakels.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address42 Deonar Ancillary Industrial Estate, Opp. Maneesh Pharmaceuticals Deonar, Mumbai, Maharashtra, India – 400043
- IndustryFood and Beverages, Bakery & Confectionery Products
To see the full contact details of Indo Bakels Private Limited, buy the company report.
Comprehensive company report
Indo Bakels 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
Indo Bakels operates one associated brand: Indo Bakels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Baking ingredients manufacturing and distribution in India. | bakels.in |
Business activity
The main business activity of Indo Bakels is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Indo Bakels Private Limited, buy the company report.
Financials of Indo Bakels Private Limited
FY 2025 filings availableIndo Bakels Private Limited reported revenue of ₹64.47 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹64.47 Cr ▲ 2%
Net loss · FY 2025
₹2.07 Cr margin -3.2%
EBITDA · FY 2025
₹4.44 Cr margin 6.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 14%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 191%
3 years · compounded
▲ 26%
5 years · compounded
▲ 45%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 2% growth in the latest year. EBITDA rose 191% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹4.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.07 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | ||||
| Net Profit Margin | -3.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Indo Bakels Private Limited, buy the company report.
Board of directors of Indo Bakels Private Limited
Indo Bakels has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Patrick Albert Gloggner | Director | 01 Dec 2017 | 8 Years 10 Months | Current |
| Ajay Bilasrai Goyal Also directs: Shivaji Finvest Private Limited | Director | 11 Jan 1996 | 30 Years 9 Months | Current |
| Vikas Mahesh Toshniwal | Director | 04 Dec 2019 | 6 Years 10 Months | Current |
| Sachin Pravin Rajgor | Director | 19 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Indo Bakels Private Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Confectionery and Bakery Products), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chanakya Bakery Products Private Limited | ₹66.68 Cr (FY 2025) | 1.0% | Chandigarh, India | |||
| Palmy Food Products Private Limited | ₹66.14 Cr (FY 2024) | 15.0% | Uttar Pradesh, India | |||
| Tong Garden Food Products (India) Private Limited | ₹64.85 Cr (FY 2025) | -4.0% | Ahmedabad, Gujarat, India | |||
| Indo Bakels Private Limitedthis company | ₹64.47 Cr (FY 2025) | -₹2.07 Cr | -3.2% | 2.0% | 56 | Mumbai, Maharashtra, India |
| Mahara Pushya Agri Products Private Limited | ₹63.68 Cr (FY 2024) | -47.0% | Bangalore, Karnataka, India | |||
| Maavaishnonandini Food Products Private Limited | ₹61.53 Cr (FY 2025) | 7.0% | Varanasi, Uttar Pradesh, India | |||
| Richfield Industries Private Limited | ₹60.98 Cr (FY 2023) | -2.0% | New Delhi, Delhi, India | |||
| Fine Zeelandia Private Limited | ₹60.8 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indo Bakels Private Limited, buy the company report.
Auditor
Indo Bakels Private Limited is audited by NAMODIYA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAMODIYA & CO | FY 2023 | 153322W |
Shareholding
The shareholding of Indo Bakels 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 Indo Bakels Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹2.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Feb 1998 | 90142087 | Oriental Bank of Commerce | ₹2.4 Cr | Satisfied |
To see the full charge records of Indo Bakels Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Indo Bakels Private Limited has 11 court cases on record: 9 filed by Indo Bakels, 2 filed against it. 5 cases are pending and 6 are disposed.
Total cases
11
Filed by the company
9
Filed against the company
2
Pending
5
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 2 | 5 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raigad, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against M/S Shree Shakti Proteins Pvt. Ltd and 3 and 3 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Shri Nandi Foods Enterprises | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Silso Food Industries | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Raigad, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against an individual | Pending |
To see the full case history of Indo Bakels 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
No delayed payments to MSME suppliers are on our record for Indo Bakels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indo Bakels Private Limited has a workforce of 56 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
56
Active EPFO establishments
1
Employee growth
24.44%
GST
Indo Bakels has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI1936Q1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 29AAACI1936Q1Z2 | Karnataka | Active | 18 Aug 2021 |
To see the full GST registrations and return filing status of Indo Bakels Private Limited, buy the company report.
Recent activity
Indo Bakels Private Limited has 16 board changes on record since 1996: 5 appointments and 11 cessations. The latest: Sachin Pravin Rajgor ceased to be Additional Director on 29 Sep 2024.
AGM
Indo Bakels Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Indo Bakels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Sachin Pravin Rajgor ceased to be Additional Director.
Appointed
Sachin Pravin Rajgor was appointed as Director.
Appointed
Monika Agarwal was appointed as Company Secretary.
Ceased
Gaurang Suresh Bhasin ceased to be Additional Director.
Ceased
Aditya Chandrahasya Rajhans ceased to be Director.
Ceased
Vikas Mahesh Toshniwal ceased to be Additional Director.
Ceased
Patrick Albert Gloggner ceased to be Director.
Appointed
Vikas Mahesh Toshniwal was appointed as Director.
Ceased
Henry Robert Hawkins ceased to be Director.
Ceased
Armin Ulrich ceased to be Director.
10 earlier events are in the company report.
Frequently asked questions
Indo Bakels is an active private limited company based in Mumbai, Maharashtra, India. The company works in bakery and confectionery products, within the food and beverages industry. It was incorporated on 11 January 1996 (30+ years old) and is registered under CIN U15100MH1996PTC096157.
Indo Bakels has 4 current directors:
- Patrick Albert Gloggner - Director
- Ajay Bilasrai Goyal - Director
- Vikas Mahesh Toshniwal - Director
- Sachin Pravin Rajgor - Director
The latest financial statements of Indo Bakels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indo Bakels is 27AAACI1936Q1Z6, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAACI1936Q1Z2 (Karnataka).
The CIN (Corporate Identification Number) of Indo Bakels is U15100MH1996PTC096157. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indo Bakels has 11 court cases on record: 9 filed by the company and 2 filed against it. 5 are pending.
Indo Bakels was incorporated on 11 January 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indo Bakels by revenue are Chanakya Bakery Products Private Limited, Palmy Food Products Private Limited, Tong Garden Food Products (India) Private Limited, Mahara Pushya Agri Products Private Limited, Maavaishnonandini Food Products Private Limited and 2 more, all in the Food and Beverages industry (Confectionery and Bakery Products), with the same principal business activity (food, beverages and tobacco products).
Sachin Pravin Rajgor ceased to be Additional Director on 29 Sep 2024. Sachin Pravin Rajgor was appointed as Director on 19 Jun 2024. Monika Agarwal was appointed as Company Secretary on 01 Mar 2023. Indo Bakels has 16 board changes on record in total.
Yes, Indo Bakels is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0005855).
Indo Bakels can be reached through the website bakels.in. Its registered office is in Mumbai, Maharashtra, India.