MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-WB-10-0049875
Iag Glass Company Limited - manufacturing in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2018
₹2.75 Lakh
▼ 95% YoY
Net loss · FY 2018
₹13.44 Cr
Latest filing
EBITDA · FY 2018
₹16.96 Lakh
Latest filing
Authorised capital
₹14 Cr
Registered with MCA
Paid-up capital
₹12.94 Cr
Issued & subscribed
Open charges
₹158.46 Cr
Satisfied ₹57 Cr
Company age
70 yrs
Est. 1956
Directors on board
6
As per MCA filings
About Iag Glass Company Limited
Data last updated:
Iag Glass Company Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the glass and products segment of the manufacturing sector. It was incorporated on 11 August 1956 and has been in existence for over 70 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L26101WB1956PLC023174. The company has 2 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 21 Aug 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹12.94 Cr. It was formerly known as Iag Company Limited. It is led by directors including Nakula Champati (Whole-Time Director) and Vijay Joshi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 30 C.R. Avenue 4th Floor, Kolkata, West Bengal, India – 700012.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.75 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹13.44 Cr and EBITDA of ₹16.96 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 80% over three years.
As per MCA filings, the company has open charges of ₹158.46 Cr and satisfied charges of ₹57 Cr on record. Court records list 132 cases involving the company, including 54 filed by the company and 78 filed against it; 25 cases are pending. The company has 8 deals on record (7 market trades, 1 acquisition); the latest was in November 2010. Its 10 peer companies in the Manufacturing industry (Glass Works) are compared by revenue, 5 larger and 5 smaller; the largest is Glazepro Sun Energy Private Limited with revenue of ₹3.45 Lakh.
Iag Glass Company Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0049875). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website iagcompany.in.
Company details
CIN L26101WB1956PLC023174
Registration Number 023174
Incorporation Date 11 August 1956
ROC Kolkata
Listing Status Listed - Delisted from BSE on 21 Aug 2018 · compulsory delisting
Company Status Active
Date of Last AGM 28 September 2018
Date of Balance Sheet 31 March 2018
Compliance Status Active Non-Compliant
MSME Classification Micro
Udyam Registration UDYAM-WB-10-0049875
CIN history
Iag Glass Company has one previous CIN (Corporate Identification Number): U26101WB1956PTC023174. The current CIN is L26101WB1956PLC023174, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26101WB1956PLC023174 | Current |
| U26101WB1956PTC023174 | Previous |
Recognitions & Rankings of Iag Glass Company
Contact details
Iag Glass Company Limited's registered office is in Kolkata, West Bengal. Its website is iagcompany.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address30 C.R. Avenue 4th Floor, Kolkata, West Bengal, India – 700012
- IndustryManufacturing, Glass & Products
To see the full contact details of Iag Glass Company Limited, buy the company report.
Comprehensive company report
Iag Glass Company 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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Financials of Iag Glass Company Limited
FY 2018 filings availableIag Glass Company Limited reported revenue of ₹2.75 Lakh (down 95% YoY) for FY 2018.
Revenue · FY 2018
₹2.75 Lakh ▼ 95%
Net loss · FY 2018
₹13.44 Cr
EBITDA · FY 2018
₹16.96 Lakh
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 95%
3 years · compounded
▼ 80%
EBITDA CAGR growth
1 year
▲ 121%
3 years · compounded
▲ 27%
Revenue has declined at a compounded annual rate (CAGR) of 80% over three years, including a 95% fall in the latest year. EBITDA rose 121% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.75 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹16.96 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹13.44 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Iag Glass Company Limited, buy the company report.
Board of directors and KMP of Iag Glass Company Limited
Iag Glass Company Limited currently reports 5 directors and 1 key managerial person. 10 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Kumar Also directs: Waveinfo Serve Private Limited | Cfo | 27 Feb 2016 | 10 Years 8 Months | Current |
| Nakula Champati | Whole-Time Director | 08 Mar 2007 | 19 Years 7 Months | Current |
| Himadri Banerji Also directs: Eco Tracksys Limited | Director | 27 Aug 2008 | 18 Years 2 Months | Current |
| Vijay Joshi Also directs: Creative Fiscal Services Ltd, Lacky Project Private Limited, Vini Iron & Steel Udyog Limited and 1 more | Whole-Time Director | 12 Nov 2008 | 17 Years 11 Months | Current |
| Mohammad Maroof Also directs: Vini Iron & Steel Udyog Limited, Anjaniputra Ispat Ltd | Director | 10 Apr 2014 | 12 Years 6 Months | Current |
| Pradip Roy Also directs: J.D.Chemicals Pvt Ltd., XL Organics Limited | Director | 18 Apr 2016 | 10 Years 6 Months | Current |
Peer comparison
Iag Glass Company Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Glass Works), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Glazepro Sun Energy Private Limited | ₹3.45 Lakh (FY 2019) | -2.0% | Chennai, Tamil Nadu, India | |||
| Kraftuz Innovation Private Limited | ₹2.97 Lakh (FY 2025) | Ahmedabad, Gujarat, India | ||||
| Sten Glass and Ceramics Private Limited | ₹2.92 Lakh (FY 2024) | 249.0% | Himatnagar, Gujarat, India | |||
| Gerizim Construction Private Limited | ₹2.87 Lakh (FY 2022) | -54.0% | Lucknow, Uttar Pradesh, India | |||
| The Baroda Crystal Glass Works Limited | ₹2.86 Lakh (FY 2025) | -6.0% | Vadodara, Gujarat, India | |||
| Iag Glass Company Limitedthis company | ₹2.75 Lakh (FY 2018) | -₹13.44 Cr | -95.0% | Kolkata, West Bengal, India | ||
| Enki Glass Industry Private Limited | ₹2.71 Lakh (FY 2020) | 16.0% | Jalgaon, Maharashtra, India | |||
| Bil Vyapar Limited | ₹2.51 Lakh (FY 2025) | -91.0% | Kolkata, West Bengal, India | |||
| Nipro Tube Glass Private Limited | ₹2.5 Lakh (FY 2025) | Thane, Maharashtra, India | ||||
| Raavina Industrial Glasses Pvt Ltd | ₹2.42 Lakh (FY 2025) | 299.0% | Kolkata, West Bengal, India | |||
| Surat Glass India Limited | ₹2.14 Lakh (FY 2022) | 1471.0% | Surat, Gujarat, India |
To see the full peer comparison of Iag Glass Company Limited, buy the company report.
Auditor
Iag Glass Company Limited is audited by S SAMANTA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S SAMANTA & CO | FY 2018 | 305020E |
Shareholding
The shareholding of Iag Glass Company 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 Iag Glass Company Limited, buy the company report.
Charges & borrowings
Open charges
₹158.46 Cr
Satisfied charges
₹57 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2011 | 10275603 | Srei Equipment Finance Private Limited | ₹26.3 Lakh | Open | |
| 17 Sep 2010 | 10242859 | State Bank of India (Lead Bank) | ₹47 Cr | Open | |
| 15 Sep 2010 | 10242861 | State Bank of India (Lead Bank) | ₹47 Cr | Open | |
| 19 Jun 2009 | 10166313 | State Bank of India | ₹28 Cr | Open | |
| 22 May 2009 | 10161769 | Srei Equipment Finance Private Limited | ₹24.24 Lakh | Open |
To see the full charge records of Iag Glass Company Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Iag Glass Company Limited has 8 deals on record (7 market trades, 1 acquisition); the latest was in November 2010.
Total deals
8
Market trades
7
Acquisition
1
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2010 | Market trade | ₹41.7 Lakh | Buyer: Trishul Vintrade Private Limited , Overall Vinimay Private Limited Seller: Iag Company Limited Disinvestment Escrow Account |
| Nov 2010 | Market trade | ₹39.8 Lakh | Buyer: Dhansagar Vintrade Private Limited , Goldmine Barter Private Limited Seller: Iag Company Limited Disinvestment Escrow Account |
| Nov 2010 | Market trade | ₹15.4 Lakh | Seller: Iag Company Limited Disinvestment Escrow Account |
| Aug 2010 | Market trade | ₹17.4 Lakh | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
| Sep 2008 | Acquisition | ₹2.77 Cr | Buyer: Anjaniputra Ispat Ltd |
To see the full deal history of Iag Glass Company 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
Iag Glass Company Limited has 132 court cases on record: 54 filed by Iag Glass Company, 78 filed against it. 25 cases are pending and 107 are disposed.
Total cases
132
Filed by the company
54
Filed against the company
78
Pending
25
Disposed
107
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 73 | 22 | 4 |
| District courts | 47 | 44 | 17 |
| NCLAT | 7 | 7 | 3 |
| Supreme Court | 3 | 3 | 1 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 132)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1001-Company Law, Sick Industries including Disinvestment : Company Law, Sick Industries including Disinvestment) | Filed against the company by Anjaniputra Ispat Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Anjaniputra Ispat Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by Anjaniputra Ispat Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Anjaniputra Ispat Limited | Disposed |
To see the full case history of Iag Glass Company 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 Iag Glass Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Iag Glass Company has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
2
Cancelled / inactive
2
To see the full GST registrations and return filing status of Iag Glass Company Limited, buy the company report.
Recent activity
Iag Glass Company Limited has 26 board changes on record since 2005: 16 appointments and 10 cessations. The latest: Ruma Hussain ceased to be Additional Director on 26 Nov 2018.
Ceased
Ruma Hussain ceased to be Additional Director.
Ceased
Rakesh Dosi ceased to be Whole-Time Director.
AGM
Iag Glass Company Limited last Annual general meeting of members was held on 28 Sep 2018 as per latest MCA records.
Charges
A charge registered on 20 May 2009 via Charge ID 10162858 with State Bank Of India (Lead Bank) was fully satisfied on 30 Jun 2018.
Filing
Iag Glass Company Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Kolkata I.
Appointed
Ruma Hussain was appointed as Additional Director.
Ceased
Saktika Sarkar ceased to be Director.
Appointed
Pradip Roy was appointed as Director.
Ceased
Sambhu Nath Bose ceased to be Additional Director.
Ceased
Santosh Kumar Biswas ceased to be Director.
Appointed
Manoj Kumar was appointed as CFO.
Appointed
Saktika Sarkar was appointed as Director.
36 earlier events are in the company report.
Frequently asked questions
Iag Glass Company is an active public limited company based in Kolkata, West Bengal, India. The company works in glass and products, within the manufacturing industry. It was incorporated on 11 August 1956 (70+ years old) and is registered under CIN L26101WB1956PLC023174.
Iag Glass Company has 6 current directors and KMP:
- Nakula Champati - Whole-Time Director
- Vijay Joshi - Whole-Time Director
- Himadri Banerji - Director
- Mohammad Maroof - Director
- Pradip Roy - Director
- Manoj Kumar - Cfo
The latest financial statements of Iag Glass Company on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
No. Iag Glass Company has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Iag Glass Company is L26101WB1956PLC023174. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iag Glass Company is recorded as a listed company by MCA, but its shares were delisted from BSE on 21 Aug 2018 · compulsory delisting, and no longer trade on a stock exchange.
Iag Glass Company has 132 court cases on record: 54 filed by the company and 78 filed against it. 25 are pending. Most are in the high courts.
Iag Glass Company was incorporated on 11 August 1956, making it 70+ years old. It is registered with the Registrar of Companies, Kolkata.
Iag Glass Company has 8 deals on record (7 market trades, 1 acquisition); the latest was in November 2010.
The peers of Iag Glass Company by revenue are Glazepro Sun Energy Private Limited, Kraftuz Innovation Private Limited, Sten Glass and Ceramics Private Limited, Gerizim Construction Private Limited, The Baroda Crystal Glass Works Limited and 5 more, all in the Manufacturing industry (Glass Works).
Ruma Hussain ceased to be Additional Director on 26 Nov 2018. Rakesh Dosi ceased to be Whole-Time Director on 27 Oct 2018. Ruma Hussain was appointed as Additional Director on 14 Feb 2017. Iag Glass Company has 26 board changes on record in total.
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