Livein Aqua Solutions Private Limited
About Livein Aqua Solutions Private Limited
Data last updated:
Livein Aqua Solutions Private Limited is a private limited company based in Surat, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the fisheries and aquaculture segment of the agriculture sector. It was incorporated on 20 December 2013.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52100GJ2013PTC077985. Its GSTIN is 24AACCL6063F1ZQ (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.38 Lakh. It is led by directors including Bhumisha Khilankumar Shah (Managing Director) and Khilankumar Bhumeshbhai Shah (Managing Director).
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 G – 103 Sterling Heights Ugat Canal Road Nr Palanpur Jakatnaka, Surat, Gujarat, India – 395005.
As per the financials filed for FY 2021, the company reported a revenue of ₹10.34 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net profit of ₹6.92 Lakh (net margin 0.7%) and EBITDA of ₹1.23 Cr (EBITDA margin 11.8%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹7.5 Cr on record. Court records list 31 cases involving the company, including 9 filed by the company and 22 filed against it; 6 cases are pending.
Company details
Contact details
Livein Aqua Solutions Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressG – 103 Sterling Heights Ugat Canal Road Nr Palanpur Jakatnaka, Surat, Gujarat, India – 395005
- IndustryAgriculture, Fisheries & Aquaculture
To see the full contact details of Livein Aqua Solutions 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
Business activity
The main business activity of Livein Aqua Solutions 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 Livein Aqua Solutions Private Limited, buy the company report.
Financials of Livein Aqua Solutions Private Limited
FY 2021 filings availableLivein Aqua Solutions Private Limited reported revenue of ₹10.34 Cr (down 56% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 56% fall in the latest year. EBITDA rose 18% 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 |
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| EBITDA | ₹1.23 Cr | ||||
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| Net Profit (PAT) | ₹6.92 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 11.8% | ||||
| Net Profit Margin | 0.7% | ||||
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To see the full financial statements and ratios of Livein Aqua Solutions Private Limited, buy the company report.
Board of directors of Livein Aqua Solutions Private Limited
Livein Aqua Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhumisha Khilankumar Shah Also directs: Livein Aqua Farm Private Limited | Managing Director | 15 Feb 2016 | 10 Years 8 Months | As last reported |
| Khilankumar Bhumeshbhai Shah Also directs: Livein Aqua Farm Private Limited | Managing Director | 20 Dec 2013 | 12 Years 10 Months | As last reported |
| Bhumesh Natwarlal Shah Also directs: Livein Aqua Farm Private Limited | Director | 20 Dec 2013 | 12 Years 10 Months | As last reported |
Peer comparison
Livein Aqua Solutions Private Limited is compared with the 5 companies closest to it by revenue in the Agriculture industry (Fishing Industry), with the same principal business activity (fishing and aquaculture), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kan Victual Private Limited | ₹11.1 Cr (FY 2023) | -83.0% | Porbandar, Gujarat, India | |||
| Krishna Godavari Aquatech Private Limited | ₹10.91 Cr (FY 2025) | 27.0% | Bapatla, Andhra Pradesh, India | |||
| Assam Fisheries Development Corpn. Ltd | ₹10.79 Cr (FY 2016) | -9.0% | Guwahati, Assam, India | |||
| Lakshya Aquaculture Private Limited | ₹10.67 Cr (FY 2024) | Jalalpore, Gujarat, India | ||||
| Livein Aqua Solutions Private Limitedthis company | ₹10.34 Cr (FY 2021) | ₹6.92 Lakh | 0.7% | -56.0% | Surat, Gujarat, India | |
| Abodos Marine Exports Private Limited | ₹10.11 Cr (FY 2021) | -5.0% | Sahadevkhunta, Odisha, India |
To see the full peer comparison of Livein Aqua Solutions Private Limited, buy the company report.
Auditor
Livein Aqua Solutions Private Limited is audited by S GULGULIA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S GULGULIA & ASSOCIATES | FY 2018 | 011418C |
Shareholding
The shareholding of Livein Aqua Solutions Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Livein Aqua Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jul 2017 | 100127000 | Hdfc Bank Limited | ₹5.5 Cr | Open | |
| 17 Mar 2016 | 100031279 | Others | ₹2 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Livein Aqua Solutions Private Limited has 31 court cases on record: 9 filed by Livein Aqua Solutions, 22 filed against it. 6 cases are pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 3 |
| NCLAT | 10 | 4 | 2 |
| High courts | 3 | 1 | 1 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against HDFC Bank Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against HDFC Bank Limited | Pending |
| Supreme Court | Appeal | Filed by the company against HDFC Bank Limited | Disposed |
| District court, Valsad, Gujarat | Criminal miscellaneous application | Filed against the company by HDFC Bank Limited Through Ashok | Disposed |
| District court, SURAT, Gujarat | Criminal miscellaneous application | Filed against the company by HDFC Bank Limited | Disposed |
To see the full case history of Livein Aqua Solutions 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Livein Aqua Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Livein Aqua Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCL6063F1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Livein Aqua Solutions Private Limited, buy the company report.
Recent activity
Livein Aqua Solutions Private Limited has 5 board changes on record since 2013: 3 appointments and 2 cessations. The latest: Bhumisha Khilankumar Shah ceased to be Director on 05 Mar 2018.
Frequently asked questions
Livein Aqua Solutions is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Livein Aqua Solutions is a company under insolvency, formerly operating as a private limited company based in Surat, Gujarat, India. The company works in fisheries and aquaculture, within the agriculture industry. It was incorporated on 20 December 2013 and is registered under CIN U52100GJ2013PTC077985. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Livein Aqua Solutions has 3 current directors:
- Bhumisha Khilankumar Shah - Managing Director
- Khilankumar Bhumeshbhai Shah - Managing Director
- Bhumesh Natwarlal Shah - Director
The latest financial statements of Livein Aqua Solutions 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 CIN (Corporate Identification Number) of Livein Aqua Solutions is U52100GJ2013PTC077985. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Livein Aqua Solutions has open charges of ₹7.5 Cr and no satisfied charges on record as per latest MCA filings.
Livein Aqua Solutions has 31 court cases on record: 9 filed by the company and 22 filed against it. 6 are pending. Most are in the district courts.
Livein Aqua Solutions was incorporated on 20 December 2013. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Livein Aqua Solutions by revenue are Kan Victual Private Limited, Krishna Godavari Aquatech Private Limited, Assam Fisheries Development Corpn. Ltd, Lakshya Aquaculture Private Limited, Abodos Marine Exports Private Limited, all in the Agriculture industry (Fishing Industry), with the same principal business activity (fishing and aquaculture).
Bhumisha Khilankumar Shah ceased to be Director on 05 Mar 2018. Khilankumar Bhumeshbhai Shah ceased to be Director on 05 Mar 2018. Bhumisha Khilankumar Shah was appointed as Managing Director on 15 Feb 2016. Livein Aqua Solutions has 5 board changes on record in total.
The registered office of Livein Aqua Solutions is at G – 103 Sterling Heights Ugat Canal Road Nr Palanpur Jakatnaka, Surat, Gujarat, India – 395005.
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