About Kushal Limited
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Kushal Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the agricultural support and advisory segment of the agriculture sector. It was incorporated on 03 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L74110GJ2000PLC037472. Its GSTIN is 24AABCK7885P1ZR (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 26 Aug 2024 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹98.3 Cr and a paid-up capital of ₹63.38 Cr. It was formerly known as Kushal Tradelink Private Limited. It is led by directors including Kavita Tejaskumar Shah and Anil Soni.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at GF/ Q Mondel Square Opp. Prahladnagar Garden S.G. Highway, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2021, the company reported a revenue of ₹8.42 Cr, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹93.11 Cr and EBITDA of -₹93.1 Cr. Revenue has declined at a compounded annual rate (CAGR) of 611% over three years and 65% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,304.05 Cr and satisfied charges of ₹230.02 Cr on record. Court records list 136 cases involving the company, including 111 filed by the company and 25 filed against it; 17 cases are pending. The company has 31 deals on record (19 market trades, 8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹10.69 Cr; the latest was in February 2017. The company has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 49 overdue payments to 19 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kushallimited.com.
Company details
Name history
Kushal has undergone 3 name changes throughout its history. The company was previously known as Kushal Tradelink Private Limited, Kushal Limited, and Kushal Tradelink Limited. The current legal name is Kushal Limited.
| Company Name | Status |
|---|---|
| Kushal Limited | Current |
| Kushal Tradelink Private Limited | Previous |
| Kushal Tradelink Limited | Previous |
CIN history
Kushal has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74110GJ2000PLC037472, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74110GJ2000PLC037472 | Current |
| U51909GJ2000PTC037472 | Previous |
| U51909GJ2000PLC037472 | Previous |
| L51909GJ2000PLC037472 | Previous |
Contact details
Kushal Limited's registered office is in Ahmedabad, Gujarat. Its website is kushallimited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGF/ Q Mondel Square Opp. Prahladnagar Garden S.G. Highway, Ahmedabad, Gujarat, India – 380015
- IndustryAgriculture, Agri Support Services
To see the full contact details of Kushal 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 Kushal is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Kushal Limited, buy the company report.
Financials of Kushal Limited
FY 2021 filings availableKushal Limited reported revenue of ₹8.42 Cr (down 95% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 65% over five years, including a 95% fall in the latest year. EBITDA fell 42% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹8.42 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹93.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹93.11 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Kushal Limited, buy the company report.
Board of directors of Kushal Limited
Kushal has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kavita Tejaskumar Shah | Director | 15 Jan 2013 | 13 Years 9 Months | Current |
| Yogeshkumar Ghanshyambhai Patel | Additional Director | 20 Jan 2021 | 5 Years 9 Months | Current |
| Kalpeshkumar Agrawal | Additional Director | 04 Jan 2021 | 5 Years 9 Months | Current |
| Anil Soni | Director | 14 Nov 2016 | 9 Years 11 Months | Current |
| Jwalant Jagdishbhai Patel | Additional Director | 01 Jul 2021 | 5 Years 3 Months | Current |
Auditor
Kushal Limited is audited by S.V. SOJITRA & CO. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.V. SOJITRA & CO. | FY 2021 | 139013W |
Shareholding
The shareholding of Kushal Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kushal Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2016 | 10626802 | Axis Bank Limited | ₹29.6 Cr | Open | |
| 15 Dec 2015 | 10610617 | Indusind Bank Ltd. | ₹9.39 Lakh | Open | |
| 27 Nov 2015 | 10605921 | Indusind Bank Ltd. | ₹5.65 Lakh | Open | |
| 19 Nov 2015 | 10606355 | Indusind Bank Ltd. | ₹5.03 Lakh | Open | |
| 29 Sep 2015 | 10595843 | The Shamrao Vithal Co-Operative Bank Ltd. | ₹10 Cr | Open |
To see the full charge records of Kushal Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Kushal Limited has 31 deals on record (19 market trades, 8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹10.69 Cr; the latest was in February 2017.
Deals on record (5 of 31)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Safal Capital (India) Limited , Others Kushal Tradelink Limited, 2 individuals Seller: Fakirsons Papchem Private Limited , Aryaman Capital Markets Limited , Monarch Research and Brokerage Private Limited , an individual |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: Others Kushal Tradelink Limited, 3 individuals Seller: India Finsec Limited , Sonal Mercantile Limited , IPO - Kushal Tradelink Limited |
| Mar 2014 | Market trade | ₹1.12 Cr | Buyer: an individual Seller: Toor Finance Company Limited |
| Mar 2014 | Market trade | ₹97.3 Lakh | Buyer: an individual Seller: Toor Finance Company Limited |
| Mar 2014 | Market trade | ₹97.3 Lakh | Buyer: an individual Seller: Toor Finance Company Limited |
To see the full deal history of Kushal 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
Kushal Limited has 136 court cases on record: 111 filed by Kushal, 25 filed against it. 17 cases are pending and 119 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 117 | 23 | 16 |
| NCLAT | 11 | 1 | 0 |
| High courts | 7 | 1 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 136)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Santosh Starch Products Ltd A Ltd Company Through Its Auth Signatory Darshankumar Sachdev and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Anmol Polymers Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S Santosh Starch Products Ltd Through His Auth.Signatory/Auth.Officer Krupal Parmar | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against Ecogreen Paper Products Pvt Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Santosh Starch Products Limited | Disposed |
To see the full case history of Kushal 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
Kushal Limited has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 49 overdue payments to 19 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 (5 of 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| M.J.Enterprise | |||
| an individual supplier | |||
| Kohinoor Sales Corporation | |||
| New Tech Polymers India | |||
| an individual supplier |
To see the full MSME payment records of Kushal Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Kushal Limited has a workforce of 1 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Kushal has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCK7885P1ZR | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kushal Limited, buy the company report.
Recent activity
Kushal Limited has 23 board changes on record since 2000: 14 appointments and 9 cessations. The latest: Diksha Tomar ceased to be Additional Director on 14 Dec 2024.
56 earlier events are in the company report.
Frequently asked questions
Kushal is an active public limited company based in Ahmedabad, Gujarat, India. The company works in agri support services, within the agriculture industry. It was incorporated on 03 March 2000 (26+ years old) and is registered under CIN L74110GJ2000PLC037472.
Kushal has 5 current directors:
- Kavita Tejaskumar Shah - Director
- Yogeshkumar Ghanshyambhai Patel - Additional Director
- Kalpeshkumar Agrawal - Additional Director
- Anil Soni - Director
- Jwalant Jagdishbhai Patel - Additional Director
The latest financial statements of Kushal on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Kushal is 24AABCK7885P1ZR, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Kushal is L74110GJ2000PLC037472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kushal is recorded as a listed company by MCA, but its shares were delisted from BSE on 26 Aug 2024 · compulsory delisting, and no longer trade on a stock exchange.
Kushal has 136 court cases on record: 111 filed by the company and 25 filed against it. 17 are pending. Most are in the district courts.
Kushal was incorporated on 03 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kushal has 31 deals on record (19 market trades, 8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹10.69 Cr; the latest was in February 2017.
Diksha Tomar ceased to be Additional Director on 14 Dec 2024. Dharmendra Dineshchandra Bhuchhada ceased to be Director on 01 Jul 2021. Jwalant Jagdishbhai Patel was appointed as Additional Director on 01 Jul 2021. Kushal has 23 board changes on record in total.
Kushal has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 49 overdue payments to 19 micro and small suppliers. The latest return was filed on 27 Oct 2019.