- Category
- Micro (2022-23)
- Udyam number
- UDYAM-GJ-01-0056162

About Kanel Industries Limited
Data last updated:
Kanel Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 29 January 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L43299GJ1992PLC017024. The company has 1 GST registration on record, which is no longer active. It is a listed company as per MCA records. Its shares are listed on BSE: 500236.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15.75 Cr. It was formerly known as Kanel Oil and Export Industries Limited. It is led by directors including Bhavin Arvindbhai Mehta and Jasmin Jaykumar Doshi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1503 Westport, Sindhu Bhavan Road Nr. S P Ring Road Ahmedabad, Gujarat, India – 380059.
The net worth stands at ₹15.43 Cr (down 3% YoY). Total assets are valued at ₹15.59 Cr (down 4.1% YoY).
As per MCA filings, the company has open charges of ₹69.94 Cr and satisfied charges of ₹85.55 Cr on record. Court records list 18 cases involving the company, including 10 filed by the company and 9 filed against it; 3 cases are pending. The company has 24 deals on record (24 market trades); the latest was in March 2024. Its 4 peer companies in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 3 smaller; the largest is Diligence Fintech Private Limited with revenue of ₹51,351. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 28 overdue payments to 2 micro and small suppliers.
Kanel Industries Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0056162). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kanel.in.
Company details
CIN history
Kanel Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L43299GJ1992PLC017024, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L43299GJ1992PLC017024 | Current |
| L15140GJ1992PLC017024 | Previous |
| U15140GJ1992PLC017024 | Previous |
Recognitions & Rankings of Kanel Industries
Contact details
Kanel Industries Limited's registered office is in Ahmedabad, Gujarat.
- Registered Address1503 Westport, Sindhu Bhavan Road Nr. S P Ring Road Ahmedabad, Gujarat, India – 380059
- IndustryAgriculture, Agro Retail & Distribution
- 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
Financials of Kanel Industries Limited
FY 2025-26 filings availableKanel Industries Limited reported revenue of ₹- for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.08 | 0.04 |
| Revenue growth | - | - | - | -100.0% | -37.5% | +100.0% | - |
| EBITDA | (0.40) | (0.05) | (0.26) | (0.17) | (0.13) | (0.12) | (0.15) |
| EBITDA margin | - | - | - | - | -260.0% | -150.0% | -375.0% |
| Profit before tax | (0.48) | (0.05) | (0.28) | (0.19) | 0.01 | (0.17) | (0.21) |
| Net profit | (0.35) | (0.05) | (0.28) | (0.19) | 0.01 | (0.16) | (0.21) |
| Net profit margin | - | - | - | - | +20.0% | -200.0% | -525.0% |
| EPS (₹) | (0.30) | (0.04) | (0.15) | (0.10) | 0.01 | (0.09) | (0.11) |
| Balance sheet | |||||||
| Total assets | 15.59 | 16.26 | 3.30 | 3.52 | 3.75 | 2.69 | 2.80 |
| Net worth | 15.43 | 15.91 | (7.37) | (7.10) | (6.92) | (6.94) | (6.76) |
| Total debt | 0.16 | 0.35 | 10.67 | 10.61 | 10.67 | 9.63 | 9.56 |
| Cash & bank | 0.02 | 0.03 | 0.01 | 0.01 | 0.21 | 0.01 | 0.01 |
| Net working capital | (0.03) | (0.07) | 2.75 | 2.94 | 0.25 | (0.99) | (1.00) |
| Cash flow | |||||||
| Cash from operations | (0.29) | (0.43) | (0.06) | (0.14) | (0.72) | (0.10) | (0.34) |
| Cash from investing | 0.64 | 0.11 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
| Cash from financing | (0.36) | 0.35 | 0.06 | (0.06) | 0.91 | 0.07 | 0.17 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.01 | 0.00 | 0.00 |
| Total expenses | 0.06 | (0.08) | 0.09 | 0.31 | 0.08 | 0.04 | 0.01 | 0.00 |
| EBITDA | (0.06) | 0.08 | (0.09) | (0.31) | (0.08) | (0.04) | (0.01) | 0.00 |
| Depreciation | 0.02 | 0.05 | 0.00 | 0.05 | 0.00 | 0.01 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.08) | 0.03 | (0.09) | (0.33) | (0.08) | (0.04) | (0.01) | 0.00 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.01 | 0.00 | 0.00 |
| Total expenses | 0.06 | (0.08) | 0.09 | 0.31 | 0.08 | 0.04 | 0.01 | 0.00 |
| EBITDA | (0.06) | 0.08 | (0.09) | (0.31) | (0.08) | (0.04) | (0.01) | 0.00 |
| Depreciation | 0.02 | 0.05 | 0.00 | 0.05 | 0.00 | 0.01 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.08) | 0.03 | (0.09) | (0.33) | (0.08) | (0.04) | (0.01) | 0.00 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.08 | 0.04 |
| Revenue growth | - | - | - | -100.0% | -37.5% | +100.0% | - |
| Other income | 0.03 | 0.01 | 0.00 | 0.00 | 0.16 | 0.01 | 0.01 |
| Total expenses | 0.40 | 0.05 | 0.26 | 0.17 | 0.18 | 0.20 | 0.19 |
| Employee cost | 0.05 | 0.00 | 0.00 | 0.02 | 0.01 | 0.02 | 0.01 |
| EBITDA | (0.40) | (0.05) | (0.26) | (0.17) | (0.13) | (0.12) | (0.15) |
| EBITDA margin | - | - | - | - | -260.0% | -150.0% | -375.0% |
| Depreciation | 0.11 | 0.01 | 0.02 | 0.02 | 0.02 | 0.06 | 0.07 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.48) | (0.05) | (0.28) | (0.19) | 0.01 | (0.17) | (0.21) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (0.35) | (0.05) | (0.28) | (0.19) | 0.01 | (0.16) | (0.21) |
| Net profit margin | - | - | - | - | +20.0% | -200.0% | -525.0% |
| EPS (₹) | (0.30) | (0.04) | (0.15) | (0.10) | 0.01 | (0.09) | (0.11) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 15.75 | 15.75 | 18.41 | 18.41 | 18.41 | 18.41 | 18.41 |
| Reserves & surplus | (0.32) | 0.16 | (25.78) | (25.51) | (25.33) | (25.35) | (25.17) |
| Shareholders' funds (net worth) | 15.43 | 15.91 | (7.37) | (7.10) | (6.92) | (6.94) | (6.76) |
| Secured loans | 0.16 | 0.35 | 3.63 | 0.49 | 3.92 | 3.99 | 3.40 |
| Unsecured loans | 0.00 | 0.00 | 7.04 | 10.12 | 6.75 | 5.64 | 6.16 |
| Total debt | 0.16 | 0.35 | 10.67 | 10.61 | 10.67 | 9.63 | 9.56 |
| Total liabilities | 15.59 | 16.26 | 3.30 | 3.52 | 3.75 | 2.69 | 2.80 |
| Assets | |||||||
| Gross block | 15.56 | 16.33 | 2.74 | 2.74 | 2.74 | 5.17 | 5.17 |
| Net block | 15.44 | 16.32 | 0.55 | 0.57 | 0.60 | 0.63 | 0.72 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.10 |
| Sundry debtors | 0.00 | 0.00 | 2.91 | 2.91 | 0.00 | 2.48 | 2.48 |
| Cash & bank balances | 0.02 | 0.03 | 0.01 | 0.01 | 0.21 | 0.01 | 0.01 |
| Loans & advances | 0.06 | 0.00 | 1.80 | 1.80 | 1.80 | 5.79 | 6.90 |
| Total current assets | 0.08 | 0.03 | 4.72 | 4.72 | 2.01 | 8.31 | 9.49 |
| Total current liabilities | 0.11 | 0.10 | 1.97 | 1.78 | 1.76 | 9.30 | 10.49 |
| Net working capital | (0.03) | (0.07) | 2.75 | 2.94 | 0.25 | (0.99) | (1.00) |
| Total assets | 15.59 | 16.26 | 3.30 | 3.52 | 3.75 | 2.69 | 2.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.03 | 0.01 | 0.01 | 0.21 | 0.01 | 0.01 | 0.18 |
| Net cash from operating activities | (0.29) | (0.43) | (0.06) | (0.14) | (0.72) | (0.10) | (0.34) |
| Net cash from investing activities | 0.64 | 0.11 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
| Net cash from financing activities | (0.36) | 0.35 | 0.06 | (0.06) | 0.91 | 0.07 | 0.17 |
| Net change in cash | (0.01) | 0.03 | 0.00 | (0.20) | 0.20 | 0.00 | (0.17) |
| Closing cash | 0.02 | 0.03 | 0.01 | 0.01 | 0.21 | 0.01 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | - | - | - | -100.0% | -37.5% | +100.0% | - |
| EBITDA growth | -700.0% | +80.8% | -52.9% | -30.8% | -8.3% | +20.0% | - |
| PBT growth | -860.0% | +82.1% | -47.4% | - | +9998.0% | +19.1% | +47.5% |
| Net income growth | -600.0% | +82.1% | -47.4% | -2000.0% | +106.3% | +23.8% | - |
| Revenue CAGR (3Y) | - | -100.0% | -100.0% | -100.0% | -89.4% | -89.1% | -91.5% |
| EBITDA CAGR (3Y) | +33.0% | -27.3% | +29.4% | +4.3% | -27.4% | +26.0% | -53.9% |
| Profitability & leverage | |||||||
| Net income margin | - | - | - | - | +20.0% | -212.5% | -525.0% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% |
| Debt / equity | 1.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 1.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.01 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 3.33 | 1.23 | 0.36 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.03 | 0.01 |
| EPS (₹) | (0.30) | (0.04) | (0.15) | (0.10) | 0.01 | (0.09) | (0.11) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.24 | 0.01 | (4.00) | (3.85) | (3.76) | (3.77) | (3.67) |
To see the full year-wise statements and ratios of Kanel Industries Limited, buy the company report.
Board of directors and KMP of Kanel Industries Limited
Kanel Industries Limited currently reports 3 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavin Arvindbhai Mehta Also directs: MJP Associates Private Limited | Director | 23 Jan 2025 | 1 Years 9 Months | Current |
| Jasmin Jaykumar Doshi Also directs: VMS TMT Limited, TGB Banquets and Hotels Limited, Prime Fresh CDP Private Limited and 1 more | Director | 23 Jan 2025 | 1 Years 9 Months | Current |
| Keyoor Madhusudan Bakshi Also directs: Mangalam Worldwide Limited, Liladhari Agrind Private Limited, Cemseal Industries Limited and 5 more | Cfo | 23 Jan 2025 | 1 Years 9 Months | Current |
| Harshit Maulinbhai Kachchhi Also directs: Liladhari Agrind Private Limited, Cemseal Industries Limited, Moj Cloud Kitchen Private Limited and 3 more | Director | 25 Oct 2024 | 2 Years 0 Months | Current |
Peer comparison
Kanel Industries Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Diligence Fintech Private Limited | ₹51,351 (FY 2024) | -94.0% | Mumbai, Maharashtra, India | |||
| Shimita Trading Private Limited | ₹51,000 (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Atom Internet Private Limited | ₹50,721 (FY 2025) | 29561.0% | Bangalore, Karnataka, India | |||
| Pure Earth Farms (OPC) Private Limited | ₹50,455 (FY 2025) | -70.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Kanel Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 1998 | 80026393 | Dena Bank | ₹65.75 Cr | Open | |
| 23 Dec 1997 | 90098745 | Dena Bank | ₹2 Cr | Open | |
| 01 Aug 1997 | 90100550 | Dena Bank | ₹2 Cr | Open | |
| 10 Oct 1996 | 90098487 | Anz Grindlays Bank | ₹18.7 Lakh | Open | |
| 30 Dec 2006 | 10037921 | Kotak Mahindra Bank Ltd. | ₹2 Cr | Satisfied |
To see the full charge records of Kanel Industries Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Kanel Industries Limited has 24 deals on record (24 market trades); the latest was in March 2024.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Market trade | ₹3 Lakh | Buyer: an individual Seller: N L Rungta (Huf), an individual |
| Dec 2021 | Market trade | ₹8.9 Lakh | Buyer: Alpha Leon Enterprises LLP |
| May 2012 | Market trade | ₹11 Lakh | Buyer: Khyati Retail and Eatery Private Limited Seller: T J R Sons Limited |
| Apr 2012 | Market trade | ₹15 Lakh | Buyer: Khyati Realities Limited , Khyati Multimedia-Entertainment Limited Seller: T J R Sons Limited |
| Apr 2012 | Market trade | ₹5.2 Lakh | Seller: T J R Sons Limited |
To see the full deal history of Kanel Industries 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
Kanel Industries Limited has 18 court cases on record: 10 filed by Kanel Industries, 9 filed against it. 3 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 5 | 2 |
| District courts | 2 | 2 | 0 |
| NCLT | 2 | 2 | 1 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Ardent Ventures LLP | Pending |
| NCLT, Ahmedabad | Interim or miscellaneous application | Filed against the company by Shri Prashant B Patel RP of Kanel Industries Limited | Disposed |
| NCLT, Ahmedabad | Interim or miscellaneous application | Filed by the company against Ardent Ventures LLP and 1 other | Disposed |
| High Court, GUJARAT | Commercial suit | Filed against the company by Kotak Mahindra Bank Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Sicom Limited and 4 others | Disposed |
To see the full case history of Kanel 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
Kanel Industries Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 28 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 |
|---|---|---|---|
| Sun Retail Limited | |||
| Manilal Pack Plast Private Limited |
To see the full MSME payment records of Kanel Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Kanel Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Kanel Industries Limited, buy the company report.
Recent activity
Kanel Industries Limited has 21 board changes on record since 2008: 4 appointments and 17 cessations. The latest: Bhavin Arvindbhai Mehta ceased to be Additional Director on 29 Sep 2025.
38 earlier events are in the company report.
Frequently asked questions
Kanel Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 29 January 1992 (34+ years old) and is registered under CIN L43299GJ1992PLC017024. Listed on BSE: 500236.
Kanel Industries has 4 current directors and KMP:
- Bhavin Arvindbhai Mehta - Director
- Jasmin Jaykumar Doshi - Director
- Harshit Maulinbhai Kachchhi - Director
- Keyoor Madhusudan Bakshi - Cfo
The latest financial statements of Kanel Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Kanel Industries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Kanel Industries is L43299GJ1992PLC017024. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Kanel Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 500236).
Kanel Industries has 18 court cases on record: 10 filed by the company and 9 filed against it. 3 are pending. Most are in the high courts.
Kanel Industries was incorporated on 29 January 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kanel Industries has 24 deals on record (24 market trades); the latest was in March 2024.
The peers of Kanel Industries by revenue are Diligence Fintech Private Limited, Shimita Trading Private Limited, Atom Internet Private Limited, Pure Earth Farms (OPC) Private Limited, all in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading).
Bhavin Arvindbhai Mehta ceased to be Additional Director on 29 Sep 2025. Jasmin Jaykumar Doshi ceased to be Additional Director on 29 Sep 2025. Bhavin Arvindbhai Mehta was appointed as Director on 23 Jan 2025. Kanel Industries has 21 board changes on record in total.
Yes, Kanel Industries is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0056162).

