About Indodan Industries Limited
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Indodan Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 18 October 1962 and has been in existence for over 64 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15200MH1962PLC014429. Its GSTIN is 09AAACI1086K1ZF (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹13.25 Cr. It is led by directors including Rakesh Vashist (Managing Director) and Saurav Vashist.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit B – 501 36 Turner Road Bandra(West Opp. Cross Word Book Store, Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.38 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹4.64 Cr (net margin -8.7%) and EBITDA of -₹4.64 Cr (EBITDA margin -8.7%). Revenue has grown at a compounded annual rate (CAGR) of 459% over three years and 233% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.28 Cr and satisfied charges of ₹14.13 Cr on record. Court records list 94 cases involving the company, including 42 filed by the company and 52 filed against it; 18 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indanagroup.com.
Company details
CIN history
Indodan Industries has one previous CIN (Corporate Identification Number): U15200MH1969PLC014429. The current CIN is U15200MH1962PLC014429, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15200MH1962PLC014429 | Current |
| U15200MH1969PLC014429 | Previous |
Contact details
Indodan Industries Limited's registered office is in Mumbai, Maharashtra. Its website is indanagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit B – 501 36 Turner Road Bandra(West Opp. Cross Word Book Store, Mumbai, Maharashtra, India – 400050
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Indodan Industries 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
Business activity
The main business activity of Indodan Industries 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 Indodan Industries Limited, buy the company report.
Financials of Indodan Industries Limited
FY 2025 filings availableIndodan Industries Limited reported revenue of ₹53.38 Cr (down 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 233%. EBITDA fell 107% 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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| EBITDA | -₹4.64 Cr | ||||
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| Net Profit (PAT) | -₹4.64 Cr | ||||
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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 | -8.7% | ||||
| Net Profit Margin | -8.7% | ||||
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To see the full financial statements and ratios of Indodan Industries Limited, buy the company report.
Board of directors of Indodan Industries Limited
Indodan Industries has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gagan Swani Also directs: Masters Academy of Makeup Art Private Limited | Additional Director | 16 Jul 2020 | 6 Years 3 Months | Current |
| Rakesh Vashist | Managing Director | 20 Dec 2016 | 9 Years 10 Months | Current |
| Saurav Vashist | Director | 25 Jul 2016 | 10 Years 3 Months | Current |
Peer comparison
Indodan Industries Limited is compared with the 5 companies closest to it by revenue in the Food and Beverages industry (Milk and Dairy 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 |
|---|---|---|---|---|---|---|
| Titins Nutritions Private Limited | ₹53.68 Cr (FY 2025) | 7.0% | Faridabad, Haryana, India | |||
| Parsi Dairy Farm Private Limited | ₹53.53 Cr (FY 2025) | 41.0% | Mumbai, Maharashtra, India | |||
| Tyg Foods Private Limited | ₹53.51 Cr (FY 2024) | 1.0% | Delhi, India | |||
| Indodan Industries Limitedthis company | ₹53.38 Cr (FY 2025) | -₹4.64 Cr | -8.7% | -15.0% | 1 | Mumbai, Maharashtra, India |
| Terrestrial Food Processors Private Limited | ₹53.35 Cr (FY 2025) | 57.0% | New Delhi, Delhi, India | |||
| Aabad Dairy Private Limited | ₹52.13 Cr (FY 2024) | -24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indodan Industries Limited, buy the company report.
Auditor
Indodan Industries Limited is audited by UCC & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UCC & Associates LLP | FY 2023 | 010585N/N500017 |
Shareholding
The shareholding of Indodan Industries Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indodan Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jan 1988 | 90165971 | The Pradeshiya Industrial and Invest. Corporation Ltd. | ₹85 Lakh | Open | |
| 12 Jun 1987 | 90165944 | The Pradeshiya Industrial and Investment Corporation Up Ltd. | ₹42.5 Lakh | Open | |
| 04 Apr 1987 | 90162043 | The Pradeshiya Industrial and Invest. Corporation Ltd. | ₹1 Cr | Open | |
| 01 Aug 1990 | 90162399 | Industrial Finance Corporation of India | ₹70 Lakh | Satisfied | |
| 11 May 1990 | 90162377 | Industrial Finance Corporation of India | ₹27 Lakh | Satisfied |
To see the full charge records of Indodan Industries Limited, buy the company report.
Total charge records: 30 View all charges
Legal cases
Indodan Industries Limited has 94 court cases on record: 42 filed by Indodan Industries, 52 filed against it. 18 cases are pending and 76 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 61 | 28 | 12 |
| District courts | 29 | 24 | 6 |
| Supreme Court | 4 | 0 | 0 |
Cases on record (5 of 94)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Tarnchbuild Private Limited and 7 others | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against M/S Kush Dairy Ltd | Disposed |
| Bombay High Court | Court case (CHOL) | Filed against the company by Overseas Sanmar Financial Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by Vadilal Industries Limited | Disposed |
| High Court of Delhi | Court case (CO.APP.) | Filed by the company against M/S Konark Udyog Ltd. & Anr. | Disposed |
To see the full case history of Indodan 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.
MSME payment delays
Indodan Industries Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 7 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ucc & Associates LLP | |||
| Ideal Security Services Private Limited |
To see the full MSME payment records of Indodan Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indodan Industries Limited has a workforce of 1 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
GST
Indodan Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACI1086K1ZF | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indodan Industries Limited, buy the company report.
Recent activity
Indodan Industries Limited has 11 board changes on record since 2007: 4 appointments and 7 cessations. The latest: Gagan Swani was appointed as Additional Director on 16 Jul 2020.
65 earlier events are in the company report.
Frequently asked questions
Indodan Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 18 October 1962 (64+ years old) and is registered under CIN U15200MH1962PLC014429.
Indodan Industries has 3 current directors:
- Rakesh Vashist - Managing Director
- Gagan Swani - Additional Director
- Saurav Vashist - Director
The latest financial statements of Indodan Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indodan Industries is 09AAACI1086K1ZF, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Indodan Industries is U15200MH1962PLC014429. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indodan Industries has 94 court cases on record: 42 filed by the company and 52 filed against it. 18 are pending. Most are in the high courts.
Indodan Industries was incorporated on 18 October 1962, making it 64+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indodan Industries by revenue are Titins Nutritions Private Limited, Parsi Dairy Farm Private Limited, Tyg Foods Private Limited, Terrestrial Food Processors Private Limited, Aabad Dairy Private Limited, all in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).
Gagan Swani was appointed as Additional Director on 16 Jul 2020. Vivek Bhardwaj ceased to be Director on 16 Jul 2020. Sandeep Kumar was appointed as Company Secretary on 10 Jun 2019. Indodan Industries has 11 board changes on record in total.
Indodan Industries has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 7 overdue payments to 2 micro and small suppliers. The latest return was filed on 19 Oct 2019.
Indodan Industries can be reached through the website indanagroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Indodan Industries is at Unit B – 501 36 Turner Road BandraWest Opp. Cross Word Book Store, Mumbai, Maharashtra, India – 400050.