About Goli Vada Pav Private Limited
Data last updated:
Goli Vada Pav Private Limited is a private limited company based in Navi Mumbai, Maharashtra, 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 instant and ready-to-eat foods segment of the food and beverages sector. It was incorporated on 31 December 2003.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15130MH2003PTC143785. Its GSTIN is 27AACCB5297K1Z9 (Maharashtra). The company holds 10 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10.5 Cr and a paid-up capital of ₹4.87 Cr. It was formerly known as Balaji Cuisine Services Private Limited. It is led by directors including Srinivasan Venkatesh Gurumurthy Srinivasan Iyer (Managing Director) and Vinod Radhakrishnan Nair (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 23 November 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Shop No. 4 Citi Light Chs Plot No. 25 Sector – 1 Koparkhairane, Navi Mumbai, Maharashtra, India – 400709.
As per the financials filed for FY 2019, the company reported a revenue of ₹26.04 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹7.87 Cr (net margin -30.2%) and EBITDA of -₹7.2 Cr (EBITDA margin -27.6%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 4% over five years.
The company has about 63 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Goli Vada Pav. As per MCA filings, the company has open charges of ₹14.25 Lakh and satisfied charges of ₹8.09 Cr on record. Court records list 14 cases involving the company, including 1 filed by the company and 13 filed against it; 4 cases are pending. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹21.19 Cr; the latest was in February 2018. Its 6 peer companies in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 3 smaller; the largest is Sharda Agri Foods Private Limited with revenue of ₹26.48 Cr.
The last known website on record is golivadapav.com.
Company details
Contact details
Goli Vada Pav Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is golivadapav.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShop No. 4 Citi Light Chs Plot No. 25 Sector – 1 Koparkhairane, Navi Mumbai, Maharashtra, India – 400709
- IndustryFood and Beverages, Instant & Ready-to-Eat Foods
To see the full contact details of Goli Vada Pav 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
Brands
Goli Vada Pav operates one associated brand: Goli Vada Pav. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Vada pav snacks are served by the Indian restaurant chain. | golivadapav.com |
Business activity
The main business activity of Goli Vada Pav 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 Goli Vada Pav Private Limited, buy the company report.
Financials of Goli Vada Pav Private Limited
FY 2019 filings availableGoli Vada Pav Private Limited reported revenue of ₹26.04 Cr (up 26% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA fell 59% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹26.04 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.87 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27.6% | ||||
| Net Profit Margin | -30.2% | ||||
| 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 Goli Vada Pav Private Limited, buy the company report.
Board of directors of Goli Vada Pav Private Limited
Goli Vada Pav has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Radhakrishnan Nair Also directs: Nair & Associates LLP, Mash Py Energy Products Private Limited, SPV Two Energy Products Private Limited and 2 more | Irp/Rp/Liquidator | 09 Oct 2023 | 3 Years 0 Months | As last reported |
| Arjun Lakhera | Director | 14 Nov 2022 | 3 Years 11 Months | As last reported |
| Srinivasan Venkatesh Gurumurthy Srinivasan Iyer | Managing Director | 31 Dec 2003 | 22 Years 9 Months | As last reported |
Peer comparison
Goli Vada Pav Private Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Instant Foods), 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 |
|---|---|---|---|---|---|---|
| Sharda Agri Foods Private Limited | ₹26.48 Cr (FY 2025) | 51.0% | Kichha, Uttarakhand, India | |||
| Arti Food and Fats Private Limited | ₹26.18 Cr (FY 2024) | 53.0% | Punjab, India | |||
| Jainys Cereals Private Limited | ₹26.15 Cr (FY 2025) | 40.0% | Gurgaon, Haryana, India | |||
| Goli Vada Pav Private Limitedthis company | ₹26.04 Cr (FY 2019) | -₹7.87 Cr | -30.2% | 26.0% | 63 | Navi Mumbai, Maharashtra, India |
| Poddar Foods Private Limited | ₹25.91 Cr (FY 2025) | -1.0% | Delhi, India | |||
| Bobby Tikkiwala India Private Limited | ₹25.84 Cr (FY 2024) | 34.0% | Delhi, India | |||
| Babus Laxminarayan Best Chiwda Private Limited | ₹25.79 Cr (FY 2024) | 33.0% | Pune, Maharashtra, India |
To see the full peer comparison of Goli Vada Pav Private Limited, buy the company report.
Auditor
Goli Vada Pav Private Limited is audited by Haribhakti & Co. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Haribhakti & Co. LLP | FY 2019 | 103523W/W100048 |
Shareholding
The shareholding of Goli Vada Pav 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 Goli Vada Pav Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Aug 2011 | 10309922 | Bank of India | ₹14.25 Lakh | Open | |
| 24 Jul 2014 | 10525073 | Icici Bank Limited | ₹3.5 Cr | Satisfied | |
| 20 Feb 2008 | 10099922 | Bank of India | ₹4.5 Cr | Satisfied | |
| 03 Jan 2007 | 10035288 | The Catholic Syrian Bank Limited | ₹5.63 Lakh | Satisfied | |
| 20 Oct 2006 | 10029500 | The Catholic Syrian Bank Limited | ₹3 Lakh | Satisfied |
To see the full charge records of Goli Vada Pav Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Goli Vada Pav Private Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹21.19 Cr; the latest was in February 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Acquisition | ₹21 Cr | Buyer: Clarion Health Food LLP |
| May 2012 | Funding round | ₹1.38 Cr | Investors: VenturEast |
| Aug 2011 | Secondary share transfer | Undisclosed | Buyer: VenturEast Seller: Vishwalaxmi Trading and Finance Private Limited , 2 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Mahesh Mewani Huf, 3 individuals |
| Oct 2007 | Funding round | ₹84 Lakh | Investors: 2 individuals |
To see the full deal history of Goli Vada Pav Private 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
Goli Vada Pav Private Limited has 14 court cases on record: 1 filed by Goli Vada Pav, 13 filed against it. 4 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 9 | 9 | 3 |
| High courts | 2 | 1 | 0 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Lotus Beauty Care Products Pvt Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Lotus Beauty Care Products Pvt Ltd. | Pending |
| Supreme Court | Appeal | Filed against the company by Clarion Health Food LLP | Pending |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Clarion Health Food LLP | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by M/S Clarion Health Food LLP | Disposed |
To see the full case history of Goli Vada Pav 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 Goli Vada Pav Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Goli Vada Pav Private Limited has a workforce of 63 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Goli Vada Pav has 10 GST registrations: 4 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCB5297K1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 09AACCB5297K1Z7 | Uttar Pradesh | Active | 01 Jul 2017 |
| 29AACCB5297K1Z5 | Karnataka | Active | 01 Jul 2017 |
| 32AACCB5297K1ZI | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Goli Vada Pav Private Limited, buy the company report.
Recent activity
Goli Vada Pav Private Limited has 11 board changes on record since 2003: 3 appointments and 8 cessations. The latest: Vinod Radhakrishnan Nair was appointed as Irp/Rp/Liquidator on 09 Oct 2023.
13 earlier events are in the company report.
Frequently asked questions
Goli Vada Pav 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.
Goli Vada Pav is a company under insolvency, formerly operating as a private limited company based in Navi Mumbai, Maharashtra, India. The company works in instant and ready-to-eat foods, within the food and beverages industry. It was incorporated on 31 December 2003 and is registered under CIN U15130MH2003PTC143785. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Goli Vada Pav has 3 current directors:
- Srinivasan Venkatesh Gurumurthy Srinivasan Iyer - Managing Director
- Arjun Lakhera - Director
- Vinod Radhakrishnan Nair - Irp/Rp/Liquidator
The latest financial statements of Goli Vada Pav on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 23 November 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Goli Vada Pav is U15130MH2003PTC143785. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goli Vada Pav has open charges of ₹14.25 Lakh and satisfied charges of ₹8.09 Cr as per latest MCA filings.
Goli Vada Pav has 14 court cases on record: 1 filed by the company and 13 filed against it. 4 are pending. Most are in the nclat.
Goli Vada Pav was incorporated on 31 December 2003. It is registered with the Registrar of Companies, Mumbai.
Goli Vada Pav has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹21.19 Cr; the latest was in February 2018.
The peers of Goli Vada Pav by revenue are Sharda Agri Foods Private Limited, Arti Food and Fats Private Limited, Jainys Cereals Private Limited, Poddar Foods Private Limited, Bobby Tikkiwala India Private Limited and 1 more, all in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products).
Vinod Radhakrishnan Nair was appointed as Irp/Rp/Liquidator on 09 Oct 2023. Arjun Lakhera was appointed as Director on 14 Nov 2022. Asha Venkatesh ceased to be Director on 14 Nov 2022. Goli Vada Pav has 11 board changes on record in total.