MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-13-0002322
Indo Brine Industries Limited - food and beverages in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹205.59 Cr
▲ 29% YoY
Net profit · FY 2025
₹1.46 Cr
Net margin 0.7%
EBITDA · FY 2025
₹6.2 Cr
EBITDA margin 3%
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹6.65 Cr
Issued & subscribed
Open charges
₹65.08 Cr
Satisfied ₹75.37 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
8
Provident fund records
About Indo Brine Industries Limited
Data last updated:
Indo Brine Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the flavouring and seasoning additives segment of the food and beverages sector. It was incorporated on 20 November 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51100GJ1996PLC031160. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.65 Cr. It is led by directors including Veena Suresh Agarwal and Rajesh Atmaram Agrawal.
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 Flat No. 1004 Rosewood Estate Opp. Prerna Tirth Bunglows Satellite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹205.59 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹1.46 Cr (net margin 0.7%) and EBITDA of ₹6.2 Cr (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 13% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹65.08 Cr and satisfied charges of ₹75.37 Cr on record. Court records list 84 cases involving the company, including 29 filed by the company and 55 filed against it; 24 cases are pending.
Indo Brine Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-13-0002322). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dandisalt.com.
Company details
CIN U51100GJ1996PLC031160
Registration Number 031160
Incorporation Date 20 November 1996
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-13-0002322
Key People
Veena Suresh Agarwal Director Rajesh Atmaram Agrawal Director Pranav Narshinghbhai Agrawal Director Recognitions & Rankings of Indo Brine Industries
Contact details
Indo Brine Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is dandisalt.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No. 1004 Rosewood Estate Opp. Prerna Tirth Bunglows Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryFood and Beverages, Flavouring & Seasoning Additives
To see the full contact details of Indo Brine Industries Limited, buy the company report.
Comprehensive company report
Indo Brine Industries 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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Business activity
The main business activities of Indo Brine Industries are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Indo Brine Industries Limited, buy the company report.
Financials of Indo Brine Industries Limited
FY 2025 filings availableIndo Brine Industries Limited reported revenue of ₹205.59 Cr (up 29% YoY) for FY 2025.
Revenue · FY 2025
₹205.59 Cr ▲ 29%
Net profit · FY 2025
₹1.46 Cr margin 0.7%
EBITDA · FY 2025
₹6.2 Cr margin 3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 23%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 9%
5 years · compounded
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 29% growth in the latest year. EBITDA rose 18% 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 |
|---|---|---|---|---|---|
| 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 | ₹6.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.46 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Indo Brine Industries Limited, buy the company report.
Board of directors of Indo Brine Industries Limited
Indo Brine Industries has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veena Suresh Agarwal Also directs: Krishna Bikes Private Limited | Director | 15 Apr 2017 | 9 Years 6 Months | Current |
| Rajesh Atmaram Agrawal Also directs: Krishna Bikes Private Limited, Reshmi Trucks Private Limited, Agrawal Roadlines Pvt Ltd and 1 more | Director | 01 Dec 2012 | 13 Years 11 Months | Current |
| Pranav Narshinghbhai Agrawal Also directs: Krishna Bikes Private Limited, Reshmi Trucks Private Limited, Agrawal Roadlines Pvt Ltd and 5 more | Director | 11 Jul 2005 | 21 Years 4 Months | Current |
| Jatin Satyanarayan Agrawal Also directs: Reshmi Trucks Private Limited, Agrawal Roadlines Pvt Ltd, Gujarat Road Safety Technology Development Council and 4 more | Director | 22 Jul 2005 | 21 Years 3 Months | Current |
| Rahul Suresh Agrawal Also directs: Reshmi Trucks Private Limited, Agrawal Roadlines Pvt Ltd, Gujarat Road Safety Technology Development Council and 2 more | Director | 01 Dec 2012 | 13 Years 11 Months | Current |
Peer comparison
Indo Brine Industries Limited is compared with the 3 companies closest to it by revenue in the Food and Beverages industry (Flavouring and Seasoning Additives), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Northern Aromatics Private Limited. | ₹361.11 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Indo Brine Industries Limitedthis company | ₹205.59 Cr (FY 2025) | ₹1.46 Cr | 0.7% | 29.0% | 8 | Ahmedabad, Gujarat, India |
| Daffodil Pharmachem Private Limited | ₹196.29 Cr (FY 2025) | -27.0% | Ahmedabad, Gujarat, India | |||
| Kapco International Limited | ₹178.3 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India |
To see the full peer comparison of Indo Brine Industries Limited, buy the company report.
Auditor
Indo Brine Industries Limited is audited by Hiranandani & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hiranandani & Co. | FY 2023 | 103684W |
Shareholding
The shareholding of Indo Brine Industries 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 Brine Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹65.08 Cr
Satisfied charges
₹75.37 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jan 2025 | 101028806 | Sidbi | ₹6.96 Cr | Open | |
| 15 Jul 2024 | 100951848 | Hdfc Bank Limited | ₹9.5 Cr | Open | |
| 04 Jan 2023 | 100668888 | Others | ₹13 Lakh | Open | |
| 20 Feb 2020 | 100327616 | Hdfc Bank Limited | ₹3.25 Cr | Open | |
| 17 Sep 2012 | 10376778 | Others | ₹23.99 Cr | Open |
To see the full charge records of Indo Brine Industries Limited, buy the company report.
Total charge records: 37 View all charges
Legal cases
Indo Brine Industries Limited has 84 court cases on record: 29 filed by Indo Brine Industries, 55 filed against it. 24 cases are pending and 60 are disposed.
Total cases
84
Filed by the company
29
Filed against the company
55
Pending
24
Disposed
60
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 58 | 43 | 18 |
| District courts | 19 | 8 | 5 |
| Supreme Court | 7 | 4 | 1 |
Cases on record (5 of 84)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (RA) | Filed against the company by M/S Dandi Salt Pvt. Limited | Pending |
| District court, Nawada, Bihar | Court case (Cr. Case Complaint (P)) | Filed by the company against Dandi Salt Pvt Ltd Through Ram Niwas Gupta | Pending |
| High Court of Delhi | Appeal | Filed against the company by Dandi Salt Pvt Ltd | Pending |
| District court, kachchh at Bhuj, Gujarat | Court case (TMSUIT) | Filed by the company against Chirai Salt India Pvt. Ltd. and 3 others | Pending |
| High Court of Delhi | Court case (C.RULE) | Filed against the company by M/S Dandi Salt Pvt. Limited | Disposed |
To see the full case history of Indo Brine Industries 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
Indo Brine Industries Limited was last rated by Care on 29 Dec 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 29 Dec 2025 |
To see the full credit ratings and regulatory alerts of Indo Brine Industries Limited, buy the company report.
MSME payment delays
Indo Brine Industries Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 75 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Balaji Chemfood | |||
| Opera Poly Pack Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Arihant Polysacks |
To see the full MSME payment records of Indo Brine Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indo Brine Industries Limited has a workforce of 8 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
8
Active EPFO establishments
1
Employee growth
-20%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 8 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Indo Brine Industries Limited, buy the company report.
GST
Indo Brine Industries has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
3
Cancelled / inactive
3
To see the full GST registrations and return filing status of Indo Brine Industries Limited, buy the company report.
Recent activity
Indo Brine Industries Limited has 8 board changes on record since 2005: 5 appointments and 3 cessations. The latest: Dinesh Motilal Agrawal ceased to be Director on 01 Apr 2023.
Charges
A charge with Others of Rs. 21.24 Cr registered on 20 May 2010 with Charge ID 10221476 was modified on 16 Dec 2025.
AGM
Indo Brine Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 9.50 Cr registered on 15 Jul 2024 with Charge ID 100951848 was modified on 26 Sep 2025.
Filing
Indo Brine Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Sidbi of Rs. 6.96 Cr registered on 01 Jan 2025 with Charge ID 101028806 was modified on 03 Jan 2025.
Charges
A charge with Sidbi amounted to Rs. 6.96 Cr with Charge ID 101028806 was registered on 01 Jan 2025.
Charges
A charge registered on 17 Sep 2020 via Charge ID 100390191 with Others was fully satisfied on 28 Oct 2024.
Charges
A charge registered on 29 Sep 2009 via Charge ID 10186254 with Oriental Bank Of Commerce was fully satisfied on 02 Sep 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 9.50 Cr with Charge ID 100951848 was registered on 15 Jul 2024.
Charges
A charge with Others of Rs. 23.99 Cr registered on 17 Sep 2012 with Charge ID 10376778 was modified on 08 Jan 2024.
Charges
A charge registered on 13 Aug 2019 via Charge ID 100282311 with Yes Bank Limited was fully satisfied on 14 Aug 2023.
Ceased
Dinesh Motilal Agrawal ceased to be Director.
89 earlier events are in the company report.
Frequently asked questions
Indo Brine Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in flavouring and seasoning additives, within the food and beverages industry. It was incorporated on 20 November 1996 (30+ years old) and is registered under CIN U51100GJ1996PLC031160.
Indo Brine Industries has 5 current directors:
- Veena Suresh Agarwal - Director
- Rajesh Atmaram Agrawal - Director
- Pranav Narshinghbhai Agrawal - Director
- Jatin Satyanarayan Agrawal - Director
- Rahul Suresh Agrawal - Director
The latest financial statements of Indo Brine Industries 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.
No. Indo Brine Industries has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Indo Brine Industries is U51100GJ1996PLC031160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indo Brine Industries has 84 court cases on record: 29 filed by the company and 55 filed against it. 24 are pending. Most are in the high courts.
Indo Brine Industries was incorporated on 20 November 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Indo Brine Industries by revenue are Northern Aromatics Private Limited, Daffodil Pharmachem Private Limited, Kapco International Limited, all in the Food and Beverages industry (Flavouring and Seasoning Additives), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Dinesh Motilal Agrawal ceased to be Director on 01 Apr 2023. Veena Suresh Agarwal was appointed as Director on 15 Apr 2017. Rahul Suresh Agrawal was appointed as Director on 01 Dec 2012. Indo Brine Industries has 8 board changes on record in total.
Yes, Indo Brine Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-13-0002322).
Indo Brine Industries has 11 MSME Form 1 returns on record between 2019 and 2023, listing 75 overdue payments to 11 micro and small suppliers. The latest return was filed on 03 Sep 2023.
Indo Brine Industries can be reached through the website dandisalt.com. Its registered office is in Ahmedabad, Gujarat, India.
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