MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-26-0006876
Karavali Ocean Products Private Limited - food and beverages in Udupi, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹36.8 Cr
▼ 24% YoY
Net profit · FY 2024
₹36.48 Lakh
Net margin 1%
EBITDA · FY 2024
₹2.89 Cr
EBITDA margin 7.8%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.9 Cr
Issued & subscribed
Open charges
₹20.48 Cr
Satisfied ₹2.5 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
28
Provident fund records
About Karavali Ocean Products Private Limited
Data last updated:
Karavali Ocean Products Private Limited is a private limited company based in Udupi, Karnataka, India. It operates in the meat and fish processing and distribution segment of the food and beverages sector. It was incorporated on 28 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U05004KA2011PTC060940. Its GSTIN is 29AAECK5450D1ZM (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.9 Cr. It is led by directors including Lohith Kumar and Namitha Shetty.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at D.No. 1 – 255 Manur Village Kota Village Panchayath, Udupi, Karnataka, India – 576221.
As per the financials filed for FY 2024, the company reported a revenue of ₹36.8 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹36.48 Lakh (net margin 1%) and EBITDA of ₹2.89 Cr (EBITDA margin 7.8%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 8% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Karavali Group. As per MCA filings, the company has open charges of ₹20.48 Cr and satisfied charges of ₹2.5 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Karavali Ocean Products Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-26-0006876). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karavaligroup.com.
Company details
CIN U05004KA2011PTC060940
Registration Number 060940
Incorporation Date 28 October 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-26-0006876
Recognitions & Rankings of Karavali Ocean Products
Contact details
Karavali Ocean Products Private Limited's registered office is in Udupi, Karnataka. Its website is karavaligroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD.No. 1 – 255 Manur Village Kota Village Panchayath, Udupi, Karnataka, India – 576221
- IndustryFood and Beverages, Meat & Fish Processing & Distribution
To see the full contact details of Karavali Ocean Products Private Limited, buy the company report.
Comprehensive company report
Karavali Ocean Products Private Limited - one report that includes everything
- 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
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Brands
Karavali Ocean Products operates one associated brand: Karavali Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Frozen seafood exporting and supplying from India. | karavaligroup.com |
Business activity
The main business activity of Karavali Ocean Products is agriculture, forestry, fishing. In detail, this covers fishing and aquaculture.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A3 | Fishing and aquaculture |
To see the full business activity and turnover split of Karavali Ocean Products Private Limited, buy the company report.
Financials of Karavali Ocean Products Private Limited
FY 2024 filings availableKaravali Ocean Products Private Limited reported revenue of ₹36.8 Cr (down 24% YoY) for FY 2024.
Revenue · FY 2024
₹36.8 Cr ▼ 24%
Net profit · FY 2024
₹36.48 Lakh margin 1%
EBITDA · FY 2024
₹2.89 Cr margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▲ 17%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 1%
5 years · compounded
▼ 5%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 24% fall in the latest year. EBITDA fell 9% 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 |
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| EBITDA | ₹2.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36.48 Lakh | ||||
| 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 | 7.8% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Karavali Ocean Products Private Limited, buy the company report.
Board of directors of Karavali Ocean Products Private Limited
Karavali Ocean Products has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lohith Kumar | Director | 28 Oct 2011 | 15 Years 0 Months | Current |
| Namitha Shetty | Director | 28 Oct 2011 | 15 Years 0 Months | Current |
| Udaya Shetty | Director | 28 Oct 2011 | 15 Years 0 Months | Current |
Auditor
Karavali Ocean Products Private Limited is audited by GIRISH PAI B for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GIRISH PAI B | FY 2023 | 207427 |
Shareholding
The shareholding of Karavali Ocean Products Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karavali Ocean Products Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20.48 Cr
Satisfied charges
₹2.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2024 | 100971638 | Canara Bank | ₹18.57 Lakh | Open | |
| 07 Mar 2024 | 100893212 | Canara Bank | ₹30.86 Lakh | Open | |
| 11 Aug 2016 | 100056608 | Others | ₹1.4 Cr | Open | |
| 05 Aug 2013 | 10447125 | Canara Bank | ₹18.59 Cr | Open | |
| 28 Dec 2012 | 10403347 | The South Canara District Central Co-Operative Bank Limited | ₹2.5 Cr | Satisfied |
To see the full charge records of Karavali Ocean Products Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Karavali Ocean Products Private Limited has 1 court case on record: 1 filed by Karavali Ocean Products. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against The Principal Commissioner of Income Tax | Disposed |
To see the full case history of Karavali Ocean Products 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
Karavali Ocean Products Private Limited was last rated by Brickwork on 29 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 29 Jul 2021 |
To see the full credit ratings and regulatory alerts of Karavali Ocean Products Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karavali Ocean Products Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karavali Ocean Products Private Limited has a workforce of 28 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
28
Active EPFO establishments
1
Employee growth
-3.45%
GST
Karavali Ocean Products has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECK5450D1ZM | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karavali Ocean Products Private Limited, buy the company report.
Recent activity
Karavali Ocean Products Private Limited has 3 board changes on record since 2011: 3 appointments. The latest: Lohith Kumar was appointed as Director on 28 Oct 2011.
AGM
Karavali Ocean Products Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Canara Bank of Rs. 18.59 Cr registered on 05 Aug 2013 with Charge ID 10447125 was modified on 06 Sep 2024.
Charges
A charge with Canara Bank amounted to Rs. 0.19 Cr with Charge ID 100971638 was registered on 20 May 2024.
Filing
Karavali Ocean Products Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 0.31 Cr with Charge ID 100893212 was registered on 07 Mar 2024.
Charges
A charge registered on 28 Dec 2012 via Charge ID 10403347 with The South Canara District Central Co-Operative Bank Limited was fully satisfied on 01 Jul 2017.
Charges
A charge with Others amounted to Rs. 1.40 Cr with Charge ID 100056608 was registered on 11 Aug 2016.
Charges
A charge with Canara Bank amounted to Rs. 18.59 Cr with Charge ID 10447125 was registered on 05 Aug 2013.
Charges
A charge with The South Canara District Central Co-Operative Bank Limited amounted to Rs. 2.50 Cr with Charge ID 10403347 was registered on 28 Dec 2012.
Appointed
Lohith Kumar was appointed as Director.
Appointed
Namitha Shetty was appointed as Director.
Appointed
Udaya Shetty was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Karavali Ocean Products is an active private limited company based in Udupi, Karnataka, India. The company works in meat and fish processing and distribution, within the food and beverages industry. It was incorporated on 28 October 2011 (15+ years old) and is registered under CIN U05004KA2011PTC060940.
Karavali Ocean Products has 3 current directors:
- Lohith Kumar - Director
- Namitha Shetty - Director
- Udaya Shetty - Director
The latest financial statements of Karavali Ocean Products on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Karavali Ocean Products is 29AAECK5450D1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Karavali Ocean Products is U05004KA2011PTC060940. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karavali Ocean Products has 1 court case on record: 1 filed by the company.
Karavali Ocean Products was incorporated on 28 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Lohith Kumar was appointed as Director on 28 Oct 2011. Namitha Shetty was appointed as Director on 28 Oct 2011. Udaya Shetty was appointed as Director on 28 Oct 2011.
Yes, Karavali Ocean Products is registered as a small enterprise under Udyam registration (number: UDYAM-KR-26-0006876).
Karavali Ocean Products can be reached through the website karavaligroup.com. Its registered office is in Udupi, Karnataka, India.
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