About Jagdamba Industries Limited
Data last updated:
Jagdamba Industries Limited is a public limited company based in Kolkata, West Bengal, 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 steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 25 May 1993.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U65999WB1993PLC058944. Its GSTIN is 19AAACJ6843R1ZS (West Bengal).
The company has an authorised share capital of ₹40.25 Cr and a paid-up capital of ₹22.51 Cr. It was formerly known as Jagdamba Fiscal Services Pvt. Ltd. and Jagdamba Fiscal Services Ltd. It is led by directors including Pradip Kumar Kedia and Aditya Kumar Tibrewal (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 8/C M D Road 4th Floor Suit No 15, Kolkata, West Bengal, India – 700007.
As per the financials filed for FY 2019, the company reported a revenue of ₹14.63 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net loss of ₹2.08 Cr (net margin -14.2%) and EBITDA of ₹2.11 Cr (EBITDA margin 14.4%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 32% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹396.48 Cr and satisfied charges of ₹33.5 Cr on record. Court records list 14 cases involving the company, including 4 filed by the company and 10 filed against it; 5 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹25.4 Cr; the latest was in September 2018.
The last known website on record is jagdambaind.com.
Company details
Name history
Jagdamba Industries has undergone 4 name changes throughout its history. The current legal name is Jagdamba Industries Limited.
| Company Name | Status |
|---|---|
| Jagdamba Industries Limited | Current |
| Jagdamba Fiscal Services Pvt. Ltd. | Previous |
| Jagdamba Fiscal Services Ltd. | Previous |
| Jagdamba Fiscal Services Pvt Ltd | Previous |
| Jagdamba Fiscal Services Ltd | Previous |
CIN history
Jagdamba Industries has one previous CIN (Corporate Identification Number): U99999WB1993PLC058944. The current CIN is U65999WB1993PLC058944, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65999WB1993PLC058944 | Current |
| U99999WB1993PLC058944 | Previous |
Contact details
Jagdamba Industries Limited's registered office is in Kolkata, West Bengal. Its website is jagdambaind.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address8/C M D Road 4th Floor Suit No 15, Kolkata, West Bengal, India – 700007
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Jagdamba 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 Jagdamba Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Jagdamba Industries Limited, buy the company report.
Financials of Jagdamba Industries Limited
FY 2019 filings availableJagdamba Industries Limited reported revenue of ₹14.63 Cr (up 32% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 32% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 32%. 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹2.11 Cr | ||||
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| Net Profit (PAT) | -₹2.08 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.4% | ||||
| Net Profit Margin | -14.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Jagdamba Industries Limited, buy the company report.
Board of directors of Jagdamba Industries Limited
Jagdamba Industries has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Kedia | Additional Director | 01 Nov 2009 | 16 Years 11 Months | As last reported |
| Pradip Kumar Kedia Also directs: Panchsheel Commercial Ltd, Ambey Resources Private Limited, Kedia Ispat Ltd and 1 more | Director | 12 Mar 2003 | 23 Years 7 Months | As last reported |
| Ravi Acharya Also directs: Kanvas Tradecom Private Limited | Additional Director | 01 Jun 2018 | 8 Years 4 Months | As last reported |
| Dheeraj Kaushik | Additional Director | 01 Jun 2018 | 8 Years 4 Months | As last reported |
| Kanan Kumar Mukherjee Also directs: Bhaskara Metaliks Private Limited | Additional Director | 25 Mar 2022 | 4 Years 7 Months | As last reported |
| Aditya Kumar Tibrewal Also directs: Niroshini Technology Limited Liability Partnership, Macrograph Retail LLP, Macrograph Residency LLP and 2 more | Irp/Rp/Liquidator | 02 Nov 2023 | 2 Years 11 Months | As last reported |
Auditor
Jagdamba Industries Limited is audited by A K DIDWANIA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K DIDWANIA & CO | FY 2018 | 325256E |
Shareholding
The shareholding of Jagdamba Industries Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Jagdamba Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jan 2020 | 100801645 | Others | ₹10 Cr | Open | |
| 15 Jan 2020 | 100801570 | Others | ₹8 Cr | Open | |
| 11 Jan 2020 | 100330068 | Others | ₹26.3 Cr | Open | |
| 15 Dec 2019 | 100312756 | Others | ₹20 Cr | Open | |
| 05 Mar 2018 | 100189787 | Others | ₹14.01 Cr | Open |
To see the full charge records of Jagdamba Industries Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Jagdamba Industries Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹25.4 Cr; the latest was in September 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Kanvas Tradecom Private Limited , 3 individuals Seller: Ambey Resources Private Limited , Others Jagdamba Industries Limited, Ellenbarrie Projects Private Limited |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Ambey Resources Private Limited , Ellenbarrie Projects Private Limited , Panchsheel Commercial Ltd, an individual Seller: Shakti Traders Pvt. Ltd. , Vighnhar Marketing Pvt. Ltd. , Amritvani Exim Pvt Ltd , an individual |
| Nov 2009 | Funding round | ₹7.2 Cr | Investors: Others Jagdamba Industries Limited, Grewal Steel and Holdings P. Ltd. , Veshnawy Vyapaar Pvt Ltd |
| Mar 2008 | Funding round | ₹11.02 Cr | Investors: Panchsheel Commercial Ltd, Others Jagdamba Industries Limited, Chandi Prasad Kedia (HUF) |
| Mar 2007 | Funding round | ₹7.18 Cr | Investors: Others Jagdamba Industries Limited, Shakti Traders Pvt. Ltd. , Gurushanti Finance Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Jagdamba Industries Limited has 14 court cases on record: 4 filed by Jagdamba Industries, 10 filed against it. 5 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 5 |
| High courts | 3 | 0 | 0 |
| NCLT | 3 | 2 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Srei Equipment Finance Pvt. Ltd. | Pending |
| NCLT, Kolkata | Insolvency matter | Filed against the company by Srei Equipment Finance Limited | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed against the company by CFM Asset Reconstruction Private Limited | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed by the company against Simoco Systems & Infrastructure Solutions Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Tata Motors Finance Limited | Disposed |
To see the full case history of Jagdamba 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
No delayed payments to MSME suppliers are on our record for Jagdamba Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Jagdamba Industries has 2 associated companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Jagdamba Industries Limited has a workforce of 17 employees on its EPFO records as of Apr 10, 2024, across 2 active EPFO establishments.
GST
Jagdamba Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACJ6843R1ZS | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jagdamba Industries Limited, buy the company report.
Recent activity
Jagdamba Industries Limited has 12 board changes on record since 2003: 6 appointments and 6 cessations. The latest: Aditya Kumar Tibrewal was appointed as Irp/Rp/Liquidator on 02 Nov 2023.
32 earlier events are in the company report.
Frequently asked questions
Jagdamba Industries 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.
Jagdamba Industries is a company under insolvency, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 25 May 1993 and is registered under CIN U65999WB1993PLC058944. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Jagdamba Industries has 6 current directors:
- Rahul Kedia - Additional Director
- Pradip Kumar Kedia - Director
- Ravi Acharya - Additional Director
- Dheeraj Kaushik - Additional Director
- Kanan Kumar Mukherjee - Additional Director
- Aditya Kumar Tibrewal - Irp/Rp/Liquidator
The latest financial statements of Jagdamba Industries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Jagdamba Industries is U65999WB1993PLC058944. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jagdamba Industries has open charges of ₹396.48 Cr and satisfied charges of ₹33.5 Cr as per latest MCA filings.
Jagdamba Industries has 14 court cases on record: 4 filed by the company and 10 filed against it. 5 are pending. Most are in the district courts.
Jagdamba Industries was incorporated on 25 May 1993. It is registered with the Registrar of Companies, Kolkata.
Jagdamba Industries has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹25.4 Cr; the latest was in September 2018.
Aditya Kumar Tibrewal was appointed as Irp/Rp/Liquidator on 02 Nov 2023. Dheeraj Kaushik ceased to be Additional Director on 25 Mar 2022. Kanan Kumar Mukherjee was appointed as Additional Director on 25 Mar 2022. Jagdamba Industries has 12 board changes on record in total.