About Jain Recycling Private Limited
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Jain Recycling Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 10 January 2020.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U27200TN2020PTC133771. Its GSTIN is 33AAECJ7416Q1Z5 (Tamil Nadu). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹5.94 Cr. It was led by directors including Mayank Pareek (Managing Director) and Hemant Shantilal Jain.
Its last annual general meeting (AGM) was held on 09 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Old No. 7/1 New No 20 4th Floor Waddels Road Kilpauk, Chennai, Tamil Nadu, India – 600010.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,428.21 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹32.67 Cr (net margin 2.3%) and EBITDA of ₹64.75 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years.
The company had about 171 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Jain Metal Group. As per MCA filings, the company had open charges of ₹517.59 Cr and satisfied charges of ₹35 Cr on record. Court records list 21 cases involving the company, including 16 filed by the company and 5 filed against it. The company has 6 deals on record (5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹134.99 Cr; the latest was in February 2024.
The last known website on record is jainmetalgroup.com.
Company details
Contact details
Jain Recycling Private Limited's registered office is in Chennai, Tamil Nadu. Its website is jainmetalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOld No. 7/1 New No 20 4th Floor Waddels Road Kilpauk, Chennai, Tamil Nadu, India – 600010
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Jain Recycling Private 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
Brands
Jain Recycling operates one associated brand: Jain Metal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Lead ingots are manufactured, copper recycled, and non-ferrous metals traded. | jainmetalgroup.com |
Business activity
The main business activity of Jain Recycling is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Jain Recycling Private Limited, buy the company report.
Financials of Jain Recycling Private Limited
FY 2024 filings availableJain Recycling Private Limited reported revenue of ₹1,428.21 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over three years, including 16% growth in the latest year. EBITDA rose 25% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,428.21 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹64.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32.67 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Jain Recycling Private Limited, buy the company report.
Board of directors of Jain Recycling Private Limited
Jain Recycling has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemant Shantilal Jain Also directs: Jain Resource Recycling Limited, Jain Green Technologies Private Limited, Jackpot Commodeal Private Limited and 4 more | Director | 11 Apr 2022 | 4 Years 7 Months | As last reported |
| Kamalesh Shantilalji Jain Also directs: Jain Resource Recycling Limited, Jain Green Technologies Private Limited, Jain Titanium Private Limited and 5 more | Director | 10 Jan 2020 | 6 Years 10 Months | As last reported |
| Mayank Pareek Also directs: Jain Resource Recycling Limited, Jain Green Technologies Private Limited, Pareek Innovative Solutions Private Limited and 2 more | Managing Director | 10 Jan 2020 | 6 Years 10 Months | As last reported |
Auditor
Jain Recycling Private Limited is audited by CNGSN & ASSOCIATES LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNGSN & ASSOCIATES LLP | FY 2024 | 04915S/S200036 |
Shareholding
The shareholding of Jain Recycling Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jain Recycling Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2022 | 100657256 | Others | ₹35 Cr | Satisfied |
To see the full charge records of Jain Recycling Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Jain Recycling Private Limited has 6 deals on record (5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹134.99 Cr; the latest was in February 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: Jain Resource Recycling Limited Seller: Almas Capital |
| Aug 2022 | Funding round | ₹30.09 Cr | Investors: KSJ Infrastructure Private Limited |
| Jun 2021 | Funding round | ₹7.78 Cr | Investors: Almas Capital |
| Feb 2021 | Funding round | ₹75 Cr | Investors: K.S.J.Metal Impex Private Limited |
| Aug 2020 | Funding round | ₹20.22 Cr | Investors: Almas Capital |
To see the full deal history of Jain Recycling Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Jain Recycling Private Limited has 21 court cases on record: 16 filed by Jain Recycling, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 0 | 0 |
| District courts | 5 | 2 | 0 |
| Supreme Court | 3 | 3 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by Principal Commissioner of Income Tax | Disposed |
| District court, Tiruvallur, Tamil Nadu | Criminal case | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Principal Commissioner of Income Tax | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Union of India | Disposed |
| NCLT, Chennai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Jain Recycling 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.
Credit ratings & regulatory alerts
Jain Recycling Private Limited was last rated by Brickwork on 23 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 23 Apr 2021 |
To see the full credit ratings and regulatory alerts of Jain Recycling Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jain Recycling Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jain Recycling has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECJ7416Q1Z5 | Tamil Nadu | Active | 14 Jan 2020 |
| 33AAECJ7416Q1DE | Tamil Nadu | Active | 07 Nov 2024 |
To see the full GST registrations and return filing status of Jain Recycling Private Limited, buy the company report.
Recent activity
Jain Recycling Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Hemant Shantilal Jain was appointed as Director on 11 Apr 2022.
News
Frequently asked questions
Jain Recycling has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Jain Recycling was a private limited company based in Chennai, Tamil Nadu, India. The company worked in waste management and recycling solutions, within the environment industry. It was incorporated on 10 January 2020 and is registered under CIN U27200TN2020PTC133771. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Jain Recycling was incorporated on 10 January 2020. It is registered with the Registrar of Companies, Chennai.
Jain Recycling had 3 directors:
- Mayank Pareek - Managing Director
- Hemant Shantilal Jain - Director
- Kamalesh Shantilalji Jain - Director
The CIN (Corporate Identification Number) of Jain Recycling is U27200TN2020PTC133771. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Jain Recycling is at Old No. 71 New No 20 4th Floor Waddels Road Kilpauk, Chennai, Tamil Nadu, India – 600010.
Jain Recycling can be reached through the website jainmetalgroup.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Jain Recycling on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 09 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Jain Recycling is 33AAECJ7416Q1Z5, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAECJ7416Q1DE (Tamil Nadu).
Jain Recycling operated in the environment industry, in the waste management and recycling solutions segment.
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