About Eastman Industries Limited
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Eastman Industries Limited is a public limited company based in New Delhi, Delhi, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 25 August 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1982PLC014237. Its GSTIN is 03AAACE0633N1ZY (Punjab). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.94 Cr. It is led by directors including Shekhar Singal (Managing Director) and Jagdish Rai Singal (Managing Director).
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No. 101 First Floor 1 Community Centre Naraina Industrial Are, A Phase – 1, New Delhi, Delhi, India – 110028.
As per the financials filed for FY 2024, the company reported a revenue of ₹3,653.71 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net loss of ₹26.16 Cr (net margin -0.7%) and EBITDA of ₹119.22 Cr (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 29% over five years.
The company has about 341 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
The company is associated with 3 brands: Eastman Industries, Eastman Bikes and Eastman Global. As per MCA filings, the company has open charges of ₹29.2 Cr and satisfied charges of ₹109.15 Cr on record. Court records list 41 cases involving the company, including 28 filed by the company and 13 filed against it; 12 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in September 2014. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 376 overdue payments to 107 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eastmanglobal.com.
Company details
Contact details
Eastman Industries Limited's registered office is in New Delhi, Delhi. Its website is eastmanglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No. 101 First Floor 1 Community Centre Naraina Industrial Are, A Phase – 1, New Delhi, Delhi, India – 110028
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Eastman Industries 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
Brands
Eastman Industries operates multiple associated brands including Eastman Industries, Eastman Bikes, and Eastman Global. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Exports various automobile tires including truck, agricultural, and industrial types. | eastmanautotyres.com | |
| Manufacturer of bicycle and its components | eastmanglobal.com | |
| Manufacturing and distribution of bicycles in India. | eastmanbikes.com |
Business activity
The main business activities of Eastman Industries are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Eastman Industries Limited, buy the company report.
Financials of Eastman Industries Limited
FY 2024 filings availableEastman Industries Limited reported revenue of ₹3,653.71 Cr (up 36% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 36% growth in the latest year. EBITDA rose 87% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹119.22 Cr | ||||
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| Net Profit (PAT) | -₹26.16 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | -0.7% | ||||
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To see the full financial statements and ratios of Eastman Industries Limited, buy the company report.
Board of directors of Eastman Industries Limited
Eastman Industries has 8 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshana Singal Also directs: Eastman Cast and Forge Ltd | Director | 29 Apr 1996 | 30 Years 5 Months | Current |
| Ranjodh Singh Ryait | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
| Vineet Jain | Director | 06 Mar 2010 | 16 Years 7 Months | Current |
| Kultar Singh | Whole-Time Director | 25 Nov 2016 | 9 Years 11 Months | Current |
| Shekhar Singal | Managing Director | 01 Apr 2008 | 18 Years 6 Months | Current |
| Jagdish Rai Singal Also directs: Eastman Cast and Forge Ltd, Eastman Auto & Power Limited, Ludhiana Angels Network LLP and 1 more | Managing Director | 06 Jun 1997 | 29 Years 4 Months | Current |
Auditor
Eastman Industries Limited is audited by S.C. Vasudeva & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.C. Vasudeva & Co. | FY 2023 | 000235N/N500089 |
Shareholding
The shareholding of Eastman Industries Limited 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 Eastman Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2025 | 101067321 | State Bank of India | ₹15 Cr | Open | |
| 14 Jan 2024 | 100889203 | Hdfc Bank Limited | ₹12.45 Cr | Open | |
| 15 Sep 2023 | 100789198 | Hdfc Bank Limited | ₹1.75 Cr | Open | |
| 03 Feb 2016 | 10619154 | Icici Bank Limited | ₹1 Cr | Satisfied | |
| 03 Feb 2016 | 10619108 | Icici Bank Limited | ₹5.46 Cr | Satisfied |
To see the full charge records of Eastman Industries Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Eastman Industries Limited has 2 deals on record (2 secondary share transfers); the latest was in September 2014.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Eastman Industries Limited has 41 court cases on record: 28 filed by Eastman Industries, 13 filed against it. 12 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 5 | 7 |
| High courts | 19 | 7 | 5 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against M/S Exact Developers and Promoters Pvt Ltd | Pending |
| High Court, PUNJAB | Criminal miscellaneous application | Filed against the company by M/S Salsons Impex Private Limited and 1 other | Pending |
| District court, South East, Delhi | Civil suit | Filed against the company by Ms R. E. Rogers India Pvt Ltd | Disposed |
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed against the company by an individual | Pending |
| High Court of Punjab and Haryana | Court case (COCP) | Filed by the company against an individual | Pending |
To see the full case history of Eastman 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.
Credit ratings & regulatory alerts
Eastman Industries Limited was last rated by Indiarating on 31 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 31 May 2021 |
To see the full credit ratings and regulatory alerts of Eastman Industries Limited, buy the company report.
MSME payment delays
Eastman Industries Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 376 overdue payments to 107 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 107)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Duro Forge Pvt Ltd |
To see the full MSME payment records of Eastman Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Eastman Industries has 6 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Eastman Smart Energy Private Limited | U31900DL2021PTC390332 | |
| Eastman EV Technologies Private Limited | U34100DL2021PTC389846 | |
| Eastman Solartech Private Limited | U40106DL2021PTC389798 | |
| Eastman New Energy Private Limited | U51100DL2020PTC360358 | |
| Eastman Auto & Power Limited | U51505DL2000PTC256047 | |
| Eastman Power Technologies Private Limited | U51909DL2021PTC387115 |
To see the full group structure of Eastman Industries Limited, buy the company report.
Employees & EPFO
Eastman Industries Limited has a workforce of 341 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Eastman Industries has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACE0633N1ZY | Punjab | Active | 01 Jul 2017 |
| 24AAACE0633N1ZU | Gujarat | Active | 22 Dec 2018 |
To see the full GST registrations and return filing status of Eastman Industries Limited, buy the company report.
Recent activity
Eastman Industries Limited has 28 board changes on record since 1996: 8 appointments and 20 cessations. The latest: Rohit Sharma was appointed as Whole-Time Director on 26 Aug 2023.
45 earlier events are in the company report.
Frequently asked questions
Eastman Industries is an active public limited company based in New Delhi, Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 25 August 1982 (44+ years old) and is registered under CIN U74899DL1982PLC014237.
Eastman Industries has 8 current directors:
- Shekhar Singal - Managing Director
- Jagdish Rai Singal - Managing Director
- Kultar Singh - Whole-Time Director
- Rohit Sharma - Whole-Time Director
- Darshana Singal - Director
- Ranjodh Singh Ryait - Director
- Vineet Jain - Director
- Vandana Aggarwal - Director
The latest financial statements of Eastman Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Eastman Industries is 03AAACE0633N1ZY, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACE0633N1ZU (Gujarat).
The CIN (Corporate Identification Number) of Eastman Industries is U74899DL1982PLC014237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eastman Industries has 41 court cases on record: 28 filed by the company and 13 filed against it. 12 are pending. Most are in the district courts.
Eastman Industries was incorporated on 25 August 1982, making it 44+ years old. It is registered with the Registrar of Companies, Delhi.
Eastman Industries has 2 deals on record (2 secondary share transfers); the latest was in September 2014.
Rohit Sharma was appointed as Whole-Time Director on 26 Aug 2023. Sushil Kumar Sachdeva ceased to be Additional Director on 04 Jan 2021. Ravinder Kumar ceased to be Additional Director on 28 Dec 2020. Eastman Industries has 28 board changes on record in total.
Eastman Industries has 9 MSME Form 1 returns on record between 2019 and 2023, listing 376 overdue payments to 107 micro and small suppliers. The latest return was filed on 05 Nov 2023.
Eastman Industries can be reached through the website eastmanglobal.com. Its registered office is in New Delhi, Delhi, India.