About Karuturi Global Limited
Data last updated:
Karuturi Global Limited is a public limited company based in Bangalore, Karnataka, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the floriculture segment of the agriculture sector. It was incorporated on 26 December 1994.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L01122KA1994PLC016834. Its GSTIN is 29AAACK8275A2ZI (Karnataka). The company holds 2 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (531687) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹175 Cr and a paid-up capital of ₹149.75 Cr. It was formerly known as Karuturi .Com Limited and Karuturi Floritech Limited. It is led by directors including Sai Ramakrishna Karuturi (Managing Director) and Karuturi Anitha (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 204 Embassy Centre 11 Cresent Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2018, the company reported a revenue of ₹8.75 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹51.96 Cr and EBITDA of ₹89.47 Cr. Revenue has declined at a compounded annual rate (CAGR) of 6% over three years.
The company has about 6 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Karuturi Global. As per MCA filings, the company has open charges of ₹103 Cr and satisfied charges of ₹102.5 Cr on record. Court records list 88 cases involving the company, including 20 filed by the company and 68 filed against it; 7 cases are pending. The company has 235 deals on record (224 market trades, 5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹377.1 Cr; the latest was in June 2020.
The last known website on record is karuturi.com.
Company details
Name history
Karuturi Global has undergone 3 name changes throughout its history. The company was previously known as Karuturi .Com Limited, Karuturi Floritech Limited, and Karuturi Networks Limited. The current legal name is Karuturi Global Limited.
| Company Name | Status |
|---|---|
| Karuturi Global Limited | Current |
| Karuturi .Com Limited | Previous |
| Karuturi Floritech Limited | Previous |
| Karuturi Networks Limited | Previous |
CIN history
Karuturi Global has one previous CIN (Corporate Identification Number): U01122KA1994PLC016834. The current CIN is L01122KA1994PLC016834, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L01122KA1994PLC016834 | Current |
| U01122KA1994PLC016834 | Previous |
Contact details
Karuturi Global Limited's registered office is in Bangalore, Karnataka. Its website is karuturi.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address204 Embassy Centre 11 Cresent Road, Bangalore, Karnataka, India – 560001
- IndustryAgriculture, Floriculture, Agri Support Services
To see the full contact details of Karuturi Global 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
Karuturi Global operates one associated brand: Karuturi Global. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cut roses are produced and exported by Karuturi Global. | karuturi.com |
Business activity
The main business activity of Karuturi Global is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting and production of crops and animals. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting | |
| A | Agriculture, forestry, fishing | A1 | Production of crops and animals |
To see the full business activity and turnover split of Karuturi Global Limited, buy the company report.
Financials of Karuturi Global Limited
FY 2018 filings availableKaruturi Global Limited reported revenue of ₹8.75 Cr (down 20% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over three years, including a 20% fall in the latest year. EBITDA fell 37% 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 | ₹8.75 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹89.47 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹51.96 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 Karuturi Global Limited, buy the company report.
Board of directors and KMP of Karuturi Global Limited
Karuturi Global Limited currently reports 4 directors and 2 key managerial personnel. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karuturi Anitha | Whole-Time Director | 26 Dec 1994 | 31 Years 10 Months | As last reported |
| Mahendra Kumar Sunkara Also directs: Bharat Zeocat LLP, Enertap Private Limited | Director | 29 Jan 2010 | 16 Years 8 Months | As last reported |
| Ananta Chandra Kanth Darshan | Director | 30 May 2015 | 11 Years 4 Months | As last reported |
| Khushboo Sharma Also directs: Bud and Blend Tea LLP | Company Secretary | 18 Aug 2017 | 9 Years 2 Months | As last reported |
| Sai Ramakrishna Karuturi | Managing Director | 01 Oct 2008 | 18 Years 0 Months | As last reported |
| Yeshoda Karuturi Also directs: Karuturi Floritech Private Limited, Kayteen Trading Private Limited, Yeshoda Rose Bazaar Retail Private Limited and 2 more | Cfo | 01 Feb 2019 | 7 Years 8 Months | As last reported |
Auditor
Karuturi Global Limited is audited by H MURALIDHAR AND CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H MURALIDHAR AND CO | FY 2018 | 011874S |
Shareholding
The shareholding of Karuturi Global 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 Karuturi Global Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2012 | 10367364 | Axis Bank Limited | ₹20 Cr | Open | |
| 19 Jun 2012 | 10370552 | Kotak Mahindra Prime Limited | ₹1 Cr | Open | |
| 07 Feb 2011 | 10268921 | Icici Bank Limited | ₹16 Cr | Open | |
| 17 Jul 2010 | 10233303 | Axis Bank Limited | ₹66 Cr | Open | |
| 27 Aug 2009 | 10179050 | Hdfc Bank Limited | ₹5 Cr | Satisfied |
To see the full charge records of Karuturi Global Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Karuturi Global Limited has 235 deals on record (224 market trades, 5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹377.1 Cr; the latest was in June 2020.
Deals on record (5 of 235)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Market trade | ₹74.2 Lakh | Seller: Ibelive Fitness Solutions Private Limited |
| Sep 2015 | Market trade | ₹1.39 Cr | Seller: Alacrity Securities Limited |
| Aug 2015 | Market trade | ₹3.49 Cr | Buyer: Sunil Capital, JMP Securities Private Limited Seller: JMP Securities Private Limited , Sunil Capital |
| Jul 2015 | Market trade | ₹1.94 Cr | Buyer: Adroit Financial Services Private Limited Seller: Adroit Financial Services Private Limited |
| Sep 2013 | Market trade | ₹54.4 Lakh | Seller: Dmi Finance Private Limited |
To see the full deal history of Karuturi Global 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
Karuturi Global Limited has 88 court cases on record: 20 filed by Karuturi Global, 68 filed against it. 7 cases are pending and 81 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 49 | 37 | 4 |
| High courts | 36 | 29 | 3 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 88)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, Rajasthan | Writ petition | Filed against the company by Model Commercial Private Limited and 1 other | Pending |
| District court, Guntur, Andhra Pradesh | Criminal complaint | Filed against the company by M/S.Premier Tobacco Packers Pvt Ltd | Pending |
| High Court of Karnataka | Appeal | Filed against the company by Icici Bank Limited | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Premier Tobacco Packers Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Premier Tobacco Packers Pvt Ltd | Disposed |
To see the full case history of Karuturi Global 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 Karuturi Global Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Karuturi Global has 3 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Karuturi Floritech Private Limited | U01122KA2008PTC045678 | |
| Karuturi Flower Express Private Limited | U01122KA2008PTC045679 | |
| Karuturi Foods Private Limited | U15495KA2008PTC045677 |
To see the full group structure of Karuturi Global Limited, buy the company report.
Employees & EPFO
Karuturi Global Limited has a workforce of 6 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Karuturi Global has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACK8275A2ZI | Karnataka | Active | 29 Apr 2020 |
To see the full GST registrations and return filing status of Karuturi Global Limited, buy the company report.
Recent activity
Karuturi Global Limited has 34 board changes on record since 1994: 20 appointments and 14 cessations. The latest: Sunil Gupta ceased to be Director on 06 Feb 2019.
46 earlier events are in the company report.
News
Frequently asked questions
Karuturi Global is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Karuturi Global is a company under liquidation, formerly operating as a public limited company based in Bangalore, Karnataka, India. The company works in floriculture, within the agriculture industry. It was incorporated on 26 December 1994 and is registered under CIN L01122KA1994PLC016834. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Karuturi Global has 6 current directors and KMP:
- Sai Ramakrishna Karuturi - Managing Director
- Karuturi Anitha - Whole-Time Director
- Mahendra Kumar Sunkara - Director
- Ananta Chandra Kanth Darshan - Director
- Khushboo Sharma - Company Secretary
- Yeshoda Karuturi - Cfo
The latest financial statements of Karuturi Global on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Karuturi Global is L01122KA1994PLC016834. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karuturi Global is recorded as a listed company by MCA, but trading in its shares on BSE (531687) has been suspended, so they do not currently trade on a stock exchange.
Karuturi Global has open charges of ₹103 Cr and satisfied charges of ₹102.5 Cr as per latest MCA filings.
Karuturi Global has 88 court cases on record: 20 filed by the company and 68 filed against it. 7 are pending. Most are in the district courts.
Karuturi Global was incorporated on 26 December 1994. It is registered with the Registrar of Companies, Bangalore.
Karuturi Global has 235 deals on record (224 market trades, 5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹377.1 Cr; the latest was in June 2020.