MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-WB-10-0000447
Duncans Tea Ltd - agriculture in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹132.07 Cr
▼ 5% YoY
Net loss · FY 2025
₹1.54 Cr
Net margin -1.2%
EBITDA · FY 2025
₹1.26 Cr
EBITDA margin 1%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹5.65 Cr
Issued & subscribed
Open charges
₹30.85 Cr
Satisfied ₹21.5 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
262
Provident fund records
About Duncans Tea Ltd
Data last updated:
Duncans Tea Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the tea and coffee processing segment of the agriculture sector. It was incorporated on 24 September 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1984PLC031938. Its GSTIN is 19AABCD0201A1ZO (West Bengal). The company holds 22 GST registrations, of which 19 are active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹5.65 Cr. It was formerly known as Double Diamond Sales and Distributors Private Limited and Double Diamond Sales and Distributors Limited. It is led by directors including Maneyapanda Chinnappa Appaiah (Whole-Time Director) and Shrish Tapuriah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Duncan House31 Netaji Subhas Road, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹132.07 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹1.54 Cr (net margin -1.2%) and EBITDA of ₹1.26 Cr (EBITDA margin 1%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 3% over five years.
The company has about 262 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Duncans Goenka Group. As per MCA filings, the company has open charges of ₹30.85 Cr and satisfied charges of ₹21.5 Cr on record. Court records list 218 cases involving the company, including 191 filed by the company and 27 filed against it; 122 cases are pending.
Duncans Tea Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0000447). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website duncanstea.in.
Company details
CIN U51909WB1984PLC031938
Registration Number 031938
Incorporation Date 24 September 1984
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-WB-10-0000447
Name history
Duncans Tea has undergone 3 name changes throughout its history. The company was previously known as Double Diamond Sales And Distributors Private Limited, Double Diamond Sales And Distributors Limited, and Duncans Tea Sales Ltd. The current legal name is Duncans Tea Ltd.
| Company Name | Status |
|---|---|
| Duncans Tea Ltd | Current |
| Double Diamond Sales And Distributors Private Limited | Previous |
| Double Diamond Sales And Distributors Limited | Previous |
| Duncans Tea Sales Ltd | Previous |
CIN history
Duncans Tea has one previous CIN (Corporate Identification Number): U51909WB1984PTC031938. The current CIN is U51909WB1984PLC031938, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909WB1984PLC031938 | Current |
| U51909WB1984PTC031938 | Previous |
Key People
Maneyapanda Chinnappa Appaiah Whole-Time Director Shrish Tapuriah Director Sumit Jhunjhunwala Director Recognitions & Rankings of Duncans Tea
Contact details
Duncans Tea Ltd's registered office is in Kolkata, West Bengal. Its website is duncanstea.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDuncan House31 Netaji Subhas Road, Kolkata, West Bengal, India – 700001
- IndustryAgriculture, Tea & Coffee Processing
To see the full contact details of Duncans Tea Ltd, buy the company report.
Comprehensive company report
Duncans Tea Ltd - 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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Brands
Duncans Tea operates one associated brand: Duncans Goenka Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Intellectual property rights are protected via patents, trademarks, and designs. | duncans-tea.com |
Business activity
The main business activity of Duncans Tea 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 Duncans Tea Ltd, buy the company report.
Financials of Duncans Tea Ltd
FY 2024 filings availableDuncans Tea Ltd reported revenue of ₹132.07 Cr (down 5% YoY) for FY 2025.
Revenue · FY 2025
₹132.07 Cr ▼ 5%
Net loss · FY 2025
₹1.54 Cr margin -1.2%
EBITDA · FY 2025
₹1.26 Cr margin 1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▼ 8%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 84%
3 years · compounded
▼ 56%
5 years · compounded
▼ 31%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 5% fall in the latest year. EBITDA fell 84% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.54 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | -1.2% | ||||
| 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 Duncans Tea Ltd, buy the company report.
Board of directors of Duncans Tea Ltd
Duncans Tea has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maneyapanda Chinnappa Appaiah | Whole-Time Director | 01 Aug 2012 | 14 Years 3 Months | Current |
| Shrish Tapuriah Also directs: Hindusthan Tea & Trading Co Ltd, Maxworth Industrial Services Ltd, Twamev Construction and Infrastructure Limited and 5 more | Director | 30 Jun 2016 | 10 Years 4 Months | Current |
| Sumit Jhunjhunwala Also directs: Gujarat Carbon and Industries Ltd, I S G Traders Limited, Shubh Shanti Services Ltd and 1 more | Director | 10 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Duncans Tea Ltd is compared with the 7 companies closest to it by revenue in the Agriculture industry (Tea and Coffee), 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 |
|---|---|---|---|---|---|---|
| Singhi Industries Private Limited | ₹145.26 Cr (FY 2025) | 6.0% | Assam, India | |||
| Cherise (India) Private Limited | ₹140.01 Cr (FY 2025) | 55.0% | Mumbai, Maharashtra, India | |||
| CCL Food and Beverages Private Limited | ₹138.08 Cr (FY 2025) | 199152.0% | Tirupati, Andhra Pradesh, India | |||
| M B Tea & Allied Products Private Limited | ₹132.37 Cr (FY 2025) | 23.0% | Siliguri, West Bengal, India | |||
| Duncans Tea Ltdthis company | ₹132.07 Cr (FY 2025) | -₹1.54 Cr | -1.2% | -5.0% | 262 | Kolkata, West Bengal, India |
| Dalmia Tea Plantation & Industries Limited | ₹131.15 Cr (FY 2025) | 38.0% | Kolkata, West Bengal, India | |||
| Himalayan Tea & Agro Private Limited | ₹130.66 Cr (FY 2025) | 38.0% | Siliguri, West Bengal, India | |||
| Blueberry Agro Products Private Limited | ₹130.53 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Duncans Tea Ltd, buy the company report.
Auditor
Duncans Tea Ltd is audited by Gandhi Arun & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gandhi Arun & Co | FY 2023 | 322534E |
Shareholding
The shareholding of Duncans Tea Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Duncans Tea Ltd, buy the company report.
Charges & borrowings
Open charges
₹30.85 Cr
Satisfied charges
₹21.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Oct 2024 | 100994482 | Axis Bank Limited | ₹2.85 Cr | Open | |
| 16 Oct 2020 | 100397220 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 13 Feb 2001 | 90250436 | Uco Bank | ₹18 Cr | Open | |
| 07 Jul 2022 | 100594216 | Axis Bank Limited | ₹1.5 Cr | Satisfied | |
| 24 Feb 2009 | 10147577 | Uco Bank | ₹2 Cr | Satisfied |
To see the full charge records of Duncans Tea Ltd, buy the company report.
Total charge records: 9 View all charges
Legal cases
Duncans Tea Ltd has 218 court cases on record: 191 filed by Duncans Tea, 27 filed against it. 122 cases are pending and 96 are disposed.
Total cases
218
Filed by the company
191
Filed against the company
27
Pending
122
Disposed
96
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 193 | 17 | 120 |
| High courts | 22 | 8 | 2 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 218)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Ram Ratan Modi ;Resolution Professional of Duncans Industries Limited; | Disposed |
| High Court of Madhya Pradesh | Court case (MCC) | Filed by the company against M/S Atharva Packaging Pvt. Ltd. | Disposed |
| High Court of Madhya Pradesh | Court case (AA) | Filed by the company against M/S Atharva Packaging Pvt. Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by FCB Ulka Advertising Private Limited | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by Pearl Polymers Ltd. | Disposed |
To see the full case history of Duncans Tea Ltd, 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 Duncans Tea Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Duncans Tea Ltd has a workforce of 262 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
262
Active EPFO establishments
1
Employee growth
-1.87%
GST
Duncans Tea has 22 GST registrations: 19 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
22
Active
19
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCD0201A1ZO | West Bengal | Active | 01 Jul 2017 |
| 03AABCD0201A1Z1 | Punjab | Active | 01 Jul 2017 |
| 05AABCD0201A1ZX | Uttarakhand | Active | 01 Jul 2017 |
| 06AABCD0201A1ZV | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Duncans Tea Ltd, buy the company report.
Recent activity
Duncans Tea Ltd has 13 board changes on record since 2007: 3 appointments and 10 cessations. The latest: Sumit Jhunjhunwala ceased to be Additional Director on 29 Sep 2025.
Charges
A charge with Uco Bank of Rs. 18.00 Cr registered on 13 Feb 2001 with Charge ID 90250436 was modified on 17 Oct 2025.
Ceased
Sumit Jhunjhunwala ceased to be Additional Director.
Ceased
Shrivardhan Goenka ceased to be Director.
Appointed
Sumit Jhunjhunwala was appointed as Director.
Charges
A charge registered on 07 Jul 2022 via Charge ID 100594216 with Axis Bank Limited was fully satisfied on 05 Dec 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.85 Cr with Charge ID 100994482 was registered on 18 Oct 2024.
AGM
Duncans Tea Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Duncans Tea Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.50 Cr with Charge ID 100594216 was registered on 07 Jul 2022.
Ceased
Maneyapanda Chinnappa Appaiah ceased to be Additional Director.
Ceased
Sudipta Kumar Mitra ceased to be Whole-Time Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100397220 was registered on 16 Oct 2020.
21 earlier events are in the company report.
Frequently asked questions
Duncans Tea is an active public limited company based in Kolkata, West Bengal, India. The company works in tea and coffee processing, within the agriculture industry. It was incorporated on 24 September 1984 (42+ years old) and is registered under CIN U51909WB1984PLC031938.
Duncans Tea has 3 current directors:
- Maneyapanda Chinnappa Appaiah - Whole-Time Director
- Shrish Tapuriah - Director
- Sumit Jhunjhunwala - Director
The latest financial statements of Duncans Tea on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Duncans Tea is 19AABCD0201A1ZO, registered in West Bengal. The company has 22 GST registrations in all, of which 19 are active and 3 are cancelled or inactive. Other active GSTINs include 03AABCD0201A1Z1 (Punjab), 05AABCD0201A1ZX (Uttarakhand), 06AABCD0201A1ZV (Haryana).
The CIN (Corporate Identification Number) of Duncans Tea is U51909WB1984PLC031938. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Duncans Tea has 218 court cases on record: 191 filed by the company and 27 filed against it. 122 are pending. Most are in the district courts.
Duncans Tea was incorporated on 24 September 1984, making it 42+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Duncans Tea by revenue are Singhi Industries Private Limited, Cherise (India) Private Limited, CCL Food and Beverages Private Limited, M B Tea & Allied Products Private Limited, Dalmia Tea Plantation & Industries Limited and 2 more, all in the Agriculture industry (Tea and Coffee), with the same principal business activity (food, beverages and tobacco products).
Sumit Jhunjhunwala ceased to be Additional Director on 29 Sep 2025. Shrivardhan Goenka ceased to be Director on 14 Feb 2025. Sumit Jhunjhunwala was appointed as Director on 10 Feb 2025. Duncans Tea has 13 board changes on record in total.
Yes, Duncans Tea is registered as a medium enterprise under Udyam registration (number: UDYAM-WB-10-0000447).
Duncans Tea can be reached through the website duncanstea.in. Its registered office is in Kolkata, West Bengal, India.
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