About Lifeline Industries Limited
Data last updated:
Lifeline Industries Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 24 March 1986.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1986PLC039313.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹4.42 Cr. It is led by directors including Nikunj Kirti Kanakia (Whole-Time Director) and Prakash Ravishankar Rawal.
Its last annual general meeting (AGM) was held on 30 September 2008, and its latest financial statements are for the year ended 31 March 2008. The registered office is at A Wing 401 Mastermind III Royal Palm Aarey Milk Colony Goregaon (East), Mumbai, Maharashtra, India – 400065.
As per MCA filings, the company has open charges of ₹447.9 Cr and satisfied charges of ₹99.11 Cr on record. Court records list 138 cases involving the company, including 12 filed by the company and 126 filed against it; 15 cases are pending.
The last known website on record is lifelinepharma.in.
Company details
Contact details
Lifeline Industries Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressA Wing 401 Mastermind III Royal Palm Aarey Milk Colony Goregaon (East), Mumbai, Maharashtra, India – 400065
- IndustryPharma, Drug Formulation & Development
- 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 Lifeline Industries Limited
FY 2008 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Lifeline Industries Limited, buy the company report.
Board of directors of Lifeline Industries Limited
Lifeline Industries has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pulin Harshadbhai Goradia Also directs: Om Shree Pharmachem Private Limited, Satwik Drugs Limited | Additional Director | 01 Oct 2009 | 17 Years 1 Months | As last reported |
| Prakash Ravishankar Rawal Also directs: Srinivas Chemical Industries Private Limited, Satwik Drugs Limited | Director | 18 Nov 2004 | 21 Years 11 Months | As last reported |
| Nikunj Kirti Kanakia Also directs: Srinivas Chemical Industries Private Limited, Om Shree Pharmachem Private Limited, Satwik Drugs Limited and 1 more | Whole-Time Director | 02 May 2005 | 21 Years 6 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2010 | 10221887 | Lakshmi Vilas Bank Limited | ₹76.69 Cr | Open | |
| 20 May 2010 | 10225964 | Edelweiss Asset Reconstruction Company Limited | ₹76.69 Cr | Open | |
| 29 Mar 2010 | 10212162 | Export-Import Bank of India | ₹15 Cr | Open | |
| 02 Mar 2010 | 10206557 | Barclays Bank Plc | ₹10 Cr | Open | |
| 09 Oct 2009 | 10181820 | Union Bank of India | ₹2 Cr | Open |
To see the full charge records of Lifeline Industries Limited, buy the company report.
Total charge records: 69 View all charges
Legal cases
Lifeline Industries Limited has 138 court cases on record: 12 filed by Lifeline Industries, 126 filed against it. 15 cases are pending and 123 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 85 | 83 | 9 |
| High courts | 53 | 43 | 6 |
Cases on record (5 of 138)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Axis Bank Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Sbi Global Factors Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by M/S A.H. Chemicals Pvt Ltd | Pending |
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against Kotak Mahindra Prime Limited and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Shri Chlochem Ltd. | Disposed |
To see the full case history of Lifeline 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 Lifeline Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Lifeline Industries Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Lifeline Industries Limited has 6 board changes on record since 2004: 3 appointments and 3 cessations. The latest: Kirtikumar Manmohandas Kanakia ceased to be Additional Director on 01 Apr 2010.
110 earlier events are in the company report.
Frequently asked questions
Lifeline Industries is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Lifeline Industries is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 24 March 1986 and is registered under CIN U24110MH1986PLC039313. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Lifeline Industries has 3 current directors:
- Nikunj Kirti Kanakia - Whole-Time Director
- Pulin Harshadbhai Goradia - Additional Director
- Prakash Ravishankar Rawal - Director
The latest financial statements of Lifeline Industries on record with the MCA are for the year ended 31 March 2008. Its last annual general meeting was held on 30 September 2008. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Lifeline Industries is U24110MH1986PLC039313. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lifeline Industries has open charges of ₹447.9 Cr and satisfied charges of ₹99.11 Cr as per latest MCA filings.
Lifeline Industries has 138 court cases on record: 12 filed by the company and 126 filed against it. 15 are pending. Most are in the district courts.
Lifeline Industries was incorporated on 24 March 1986. It is registered with the Registrar of Companies, Mumbai.
Kirtikumar Manmohandas Kanakia ceased to be Additional Director on 01 Apr 2010. Pulin Harshadbhai Goradia was appointed as Additional Director on 01 Oct 2009. Navneet Vallabhbhai Bhalani ceased to be Company Secretary on 01 Oct 2008. Lifeline Industries has 6 board changes on record in total.
Lifeline Industries can be reached through the website lifelinepharma.in. Its registered office is in Mumbai, Maharashtra, India.
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