About Manpasand Beverages Limited
Data last updated:
Manpasand Beverages Limited is a public limited company based in Vadodara, 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 non-alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 17 December 2010.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L15549GJ2010PLC063283. Its GSTIN is 09AAHCM1210E1ZZ (Uttar Pradesh). The company holds 13 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 05 Aug 2025 · compulsory delisting and from BSE on 05 Aug 2025 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹115 Cr and a paid-up capital of ₹114.46 Cr. It was formerly known as Manpasand Beverages Private Limited. It is led by directors including Dhirendra Hansraj Singh (Managing Director) and Abhishek Dhirendra Singh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 1768 & 1774 Patki – 1 Village Manjusar Tal. Savli, Vadodara, Gujarat, India – 391775.
As per the financials filed for FY 2020, the company reported a revenue of ₹43.31 Cr, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹591.87 Cr and EBITDA of ₹85.81 Cr (EBITDA margin 198.1%). Revenue has declined at a compounded annual rate (CAGR) of 61% over three years and 35% over five years.
The company has about 558 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹369.1 Cr on record. Court records list 300 cases involving the company, including 74 filed by the company and 238 filed against it; 94 cases are pending. The company has 16 deals on record (8 market trades, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹76.24 Cr; the latest was in October 2019. Its 5 peer companies in the Food and Beverages industry (Non Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 2 smaller; the largest is Iceberg Foods Limited with revenue of ₹47.66 Cr.
The last known website on record is manpasand.co.in.
Company details
CIN history
Manpasand Beverages has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15549GJ2010PLC063283, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15549GJ2010PLC063283 | Current |
| U15549GJ2010PLC063283 | Previous |
| U15549GJ2010PTC063283 | Previous |
Contact details
Manpasand Beverages Limited's registered office is in Vadodara, Gujarat. Its website is manpasand.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1768 & 1774 Patki – 1 Village Manjusar Tal. Savli, Vadodara, Gujarat, India – 391775
- IndustryFood and Beverages, Non-Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Manpasand Beverages 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 Manpasand Beverages is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Manpasand Beverages Limited, buy the company report.
Financials of Manpasand Beverages Limited
FY 2020 filings availableManpasand Beverages Limited reported revenue of ₹43.31 Cr (down 93% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 93% fall in the latest year. EBITDA rose 118% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹43.31 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹85.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹591.87 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 | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 198.1% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Manpasand Beverages Limited, buy the company report.
Board of directors of Manpasand Beverages Limited
Manpasand Beverages has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nishish Mobar | Director | 09 Oct 2019 | 7 Years 0 Months | As last reported |
| Dhirendra Hansraj Singh | Managing Director | 17 Dec 2010 | 15 Years 10 Months | As last reported |
| Abhishek Dhirendra Singh | Whole-Time Director | 17 Dec 2010 | 15 Years 10 Months | As last reported |
| Bharti Pratish Naik | Director | 31 Dec 2020 | 5 Years 9 Months | As last reported |
| Vimal Ravjibhai Patel | Director | 03 Jan 2020 | 6 Years 9 Months | As last reported |
| Shobhit Kulshrestha | Director | 06 Jul 2024 | 2 Years 3 Months | As last reported |
Peer comparison
Manpasand Beverages Limited is compared with the 5 companies closest to it by revenue in the Food and Beverages industry (Non Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Iceberg Foods Limited | ₹47.66 Cr (FY 2025) | 11.0% | Netaji Subhash Place, Delhi, India | |||
| SMV Beverages Private Limited | ₹47.08 Cr (FY 2024) | -28.0% | Nagpur, Maharashtra, India | |||
| Navya Foods Private Limited | ₹45.25 Cr (FY 2024) | -18.0% | Chittoor, Andhra Pradesh, India | |||
| Manpasand Beverages Limitedthis company | ₹43.31 Cr (FY 2020) | -₹591.87 Cr | -93.0% | 558 | Vadodara, Gujarat, India | |
| Harvestland Beverages Private Limited | ₹42.75 Cr (FY 2025) | 254.0% | Guwahati, Assam, India | |||
| Hansraj Agrofresh Private Limited | ₹41.6 Cr (FY 2018) | 3.0% | Varanasi, Uttar Pradesh, India |
To see the full peer comparison of Manpasand Beverages Limited, buy the company report.
Auditor
Manpasand Beverages Limited is audited by BAGARIA & CO LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BAGARIA & CO LLP | FY 2020 | 113447W/W-100019 |
Shareholding
The shareholding of Manpasand Beverages Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | 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 Manpasand Beverages Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2019 | 100284946 | Idbi Trusteeship Services Limited | ₹100 Cr | Satisfied | |
| 15 Jul 2011 | 10296034 | Union Bank of India | ₹134.55 Cr | Satisfied | |
| 15 Jul 2011 | 10295999 | Union Bank of India | ₹134.55 Cr | Satisfied |
To see the full charge records of Manpasand Beverages Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Manpasand Beverages Limited has 16 deals on record (8 market trades, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹76.24 Cr; the latest was in October 2019.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2019 | Market trade | ₹42.6 Lakh | Buyer: Equity Intelligence |
| Sep 2019 | Market trade | ₹71.8 Lakh | Buyer: Alpha Leon Enterprises LLP Seller: Alpha Leon Enterprises LLP |
| Sep 2019 | Market trade | ₹1.1 Cr | Buyer: Alpha Leon Enterprises LLP Seller: Alpha Leon Enterprises LLP |
| Oct 2016 | QIP | ₹500 Cr | Investors: Others-Manpasand Beverages Limited, Baron Emerging Markets Fund, Nomura India Investments Fund Mother Fund |
| Jul 2015 | IPO | ₹400 Cr | Investors: Sbi Magnum Midcap Fund, Icici Prudential Balanced Advantage Fund, IPO Shareholders - Manpasand Beverages Limited |
To see the full deal history of Manpasand Beverages 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
Manpasand Beverages Limited has 300 court cases on record: 74 filed by Manpasand Beverages, 238 filed against it. 94 cases are pending and 206 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 165 | 161 | 38 |
| High courts | 80 | 34 | 35 |
| NCLT | 25 | 25 | 12 |
| NCLAT | 23 | 16 | 8 |
| Supreme Court | 7 | 2 | 1 |
Cases on record (5 of 300)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Waterproof Corporation Private Limited | Pending |
| Supreme Court | Appeal | Filed by the company against BSE Limited | Pending |
| High Court, GUJARAT | Court case (SCR.A) | Filed by the company against Annapurna Pet Pvt. Ltd. Thro Rahul Kankani S/O Satyanarayn Kankani and 1 other | Pending |
| District court, Varanasi, Uttar Pradesh | Court case (ORIGINAL SUIT) | Filed by the company against Bagaria and Co. LLP | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Tetra-Pak India Private Limited | Disposed |
To see the full case history of Manpasand Beverages 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 Manpasand Beverages Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Manpasand Beverages has 1 subsidiary company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Manpasand Products Private Limited | U74999GJ2019PTC107162 |
To see the full group structure of Manpasand Beverages Limited, buy the company report.
Employees & EPFO
Manpasand Beverages Limited has a workforce of 558 employees on its EPFO records as of Sep 19, 2025, across 1 active EPFO establishment.
GST
Manpasand Beverages has 13 GST registrations: 1 active and 12 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAHCM1210E1ZZ | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Manpasand Beverages Limited, buy the company report.
Recent activity
Manpasand Beverages Limited has 34 board changes on record since 2010: 20 appointments and 14 cessations. The latest: Shobhit Kulshrestha was appointed as Director on 06 Jul 2024.
33 earlier events are in the company report.
News
Frequently asked questions
Manpasand Beverages 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.
Manpasand Beverages is a company under insolvency, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in non-alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 17 December 2010 and is registered under CIN L15549GJ2010PLC063283. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Manpasand Beverages has 6 current directors:
- Dhirendra Hansraj Singh - Managing Director
- Abhishek Dhirendra Singh - Whole-Time Director
- Nishish Mobar - Director
- Bharti Pratish Naik - Director
- Vimal Ravjibhai Patel - Director
- Shobhit Kulshrestha - Director
The latest financial statements of Manpasand Beverages on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Manpasand Beverages is L15549GJ2010PLC063283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manpasand Beverages is recorded as a listed company by MCA, but its shares were delisted from NSE on 05 Aug 2025 · compulsory delisting and from BSE on 05 Aug 2025 · compulsory delisting, and no longer trade on a stock exchange.
Manpasand Beverages has no open charges and satisfied charges of ₹369.1 Cr as per latest MCA filings.
Manpasand Beverages has 300 court cases on record: 74 filed by the company and 238 filed against it. 94 are pending. Most are in the district courts.
Manpasand Beverages was incorporated on 17 December 2010. It is registered with the Registrar of Companies, Ahmedabad.
Manpasand Beverages has 16 deals on record (8 market trades, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹76.24 Cr; the latest was in October 2019.
The peers of Manpasand Beverages by revenue are Iceberg Foods Limited, SMV Beverages Private Limited, Navya Foods Private Limited, Harvestland Beverages Private Limited, Hansraj Agrofresh Private Limited, all in the Food and Beverages industry (Non Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products).