J R Solvent Industries Pvt Ltd
About J R Solvent Industries Pvt Ltd
Data last updated:
J R Solvent Industries Pvt Ltd is a private limited company based in Punjab, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 03 November 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U15143PB1978PTC003882. Its GSTIN is 03AAACJ3286A1Z5 (Punjab).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.95 Cr. It is led by directors Garish Garg (Managing Director) and Sweena Garg.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Kothi No 1631 Phase V Mohali Ropar, Punjab, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.19 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹6,224 (net margin -2.8%) and EBITDA of ₹11,661 (EBITDA margin 5.3%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
As per MCA filings, the company has open charges of ₹46.12 Cr on record. Court records list 23 cases involving the company, including 1 filed by the company and 22 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
J R Solvent Industries Pvt Ltd's registered office is in Punjab.
- Registered AddressKothi No 1631 Phase V Mohali Ropar, Punjab, India
- IndustryFood and Beverages, Edible Oils & Cooking Fats
- 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 J R Solvent Industries is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of J R Solvent Industries Pvt Ltd, buy the company report.
Financials of J R Solvent Industries Pvt Ltd
FY 2023 filings availableJ R Solvent Industries Pvt Ltd reported revenue of ₹2.19 Lakh (down 95% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over three years, including a 95% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹11,661 | ||||
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| Net Profit (PAT) | -₹6,224 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 5.3% | ||||
| Net Profit Margin | -2.8% | ||||
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To see the full financial statements and ratios of J R Solvent Industries Pvt Ltd, buy the company report.
Board of directors of J R Solvent Industries Pvt Ltd
J R Solvent Industries has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sweena Garg Also directs: Huch Agro India Private Limited | Director | 30 Oct 1998 | 28 Years 0 Months | Current |
| Garish Garg Also directs: Huch Agro India Private Limited | Managing Director | 30 Oct 1998 | 28 Years 0 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Feb 2012 | 10340054 | Indian Overseas Bank | ₹1.65 Cr | Open | |
| 12 Sep 2011 | 10315223 | Indian Overseas Bank | ₹17.5 Cr | Open | |
| 26 Aug 2004 | 90169995 | Indian Overseas Bank | ₹24.89 Cr | Open | |
| 26 Aug 2004 | 90171424 | Indian Overseas Bank | ₹1.1 Cr | Open | |
| 28 Oct 2003 | 90169860 | Indian Overseas Bank | ₹75 Lakh | Open |
To see the full charge records of J R Solvent Industries Pvt Ltd, buy the company report.
Total charge records: 6 View all charges
Legal cases
J R Solvent Industries Pvt Ltd has 23 court cases on record: 1 filed by J R Solvent Industries, 22 filed against it. 1 case is pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 18 | 1 |
| High courts | 4 | 4 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Patiala, Punjab | Commercial suit | Filed against the company by Tata Capital Financial Services Ltd | Disposed |
| District court, Sangrur, Punjab | Cheque dishonour complaint | Filed against the company by Tata Capital Financial Services Ltd. | Disposed |
| District court, Sangrur, Punjab | Civil suit | Filed against the company by an individual | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed against the company | Disposed |
| District court, Sangrur, Punjab | Civil miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of J R Solvent Industries Pvt Ltd, 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 J R Solvent Industries Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
J R Solvent Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACJ3286A1Z5 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of J R Solvent Industries Pvt Ltd, buy the company report.
Recent activity
J R Solvent Industries Pvt Ltd has 2 board changes on record since 1998: 2 appointments. The latest: Garish Garg was appointed as Managing Director on 30 Oct 1998.
1 earlier event is in the company report.
Frequently asked questions
J R Solvent Industries is an active private limited company based in Punjab, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 03 November 1978 (48+ years old) and is registered under CIN U15143PB1978PTC003882.
J R Solvent Industries has 2 current directors:
- Garish Garg - Managing Director
- Sweena Garg - Director
The latest financial statements of J R Solvent Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of J R Solvent Industries is 03AAACJ3286A1Z5, registered in Punjab.
The CIN (Corporate Identification Number) of J R Solvent Industries is U15143PB1978PTC003882. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
J R Solvent Industries has 23 court cases on record: 1 filed by the company and 22 filed against it. 1 is pending. Most are in the district courts.
J R Solvent Industries was incorporated on 03 November 1978, making it 48+ years old. It is registered with the Registrar of Companies, Chandigarh.
Garish Garg was appointed as Managing Director on 30 Oct 1998. Sweena Garg was appointed as Director on 30 Oct 1998.
The registered office of J R Solvent Industries is at Kothi No 1631 Phase V Mohali Ropar, Punjab, India.
J R Solvent Industries operates in the food and beverages industry, in the edible oils and cooking fats segment.
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