About Kute Sons Dairys Limited
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Kute Sons Dairys Limited is a public limited company based in Satara, Maharashtra, India, a subsidiary of Tirumalla Oil Refinery Private Limited. 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 dairy products and milk processing segment of the food and beverages sector. It was incorporated on 20 February 1996.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U01409PN1996PLC097492. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹21.6 Cr. It was formerly known as Kalpavridhi Poultry Farm Private Limited and Swaraj India Industries Limited. It is led by directors including Suresh Dnyanobarao Kute and Archana Suresh Kute.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at S. No. 406&407 Village Nimbhore Post Survadi Tal. Phaltan, Satara, Maharashtra, India – 415523.
As per the financials filed for FY 2022, the company reported a revenue of ₹1,105.64 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹28.42 Cr (net margin 2.6%) and EBITDA of ₹80.39 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 16% over five years.
The company has about 454 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: The Kute Group. As per MCA filings, the company has open charges of ₹603.46 Cr and satisfied charges of ₹360.27 Cr on record. Court records list 79 cases involving the company, including 25 filed by the company and 54 filed against it; 25 cases are pending. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹35.61 Cr; the latest was in August 2019. Its 8 peer companies in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 4 smaller; the largest is Govind Milk and Milk Products Private Limited with revenue of ₹1,292.06 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 276 overdue payments to 91 micro and small suppliers.
The last known website on record is thekutegroup.com.
Company details
Name history
Kute Sons Dairys has undergone 4 name changes throughout its history. The current legal name is Kute Sons Dairys Limited.
| Company Name | Status |
|---|---|
| Kute Sons Dairys Limited | Current |
| Kalpavridhi Poultry Farm Private Limited | Previous |
| Swaraj India Industries Limited | Previous |
| Swaraj India Industries Private Limited | Previous |
| Tirumalaa Daairy Limited | Previous |
CIN history
Kute Sons Dairys has one previous CIN (Corporate Identification Number): L01409MH1996PLC097492. The current CIN is U01409PN1996PLC097492, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01409PN1996PLC097492 | Current |
| L01409MH1996PLC097492 | Previous |
Contact details
Kute Sons Dairys Limited's registered office is in Satara, Maharashtra. Its website is thekutegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS. No. 406&407 Village Nimbhore Post Survadi Tal. Phaltan, Satara, Maharashtra, India – 415523
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Kute Sons Dairys 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
Kute Sons Dairys operates one associated brand: The Kute Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and markets high-quality cooking oils for various applications. | thekutegroup.com |
Business activity
The main business activity of Kute Sons Dairys 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 Kute Sons Dairys Limited, buy the company report.
Financials of Kute Sons Dairys Limited
FY 2022 filings availableKute Sons Dairys Limited reported revenue of ₹1,105.64 Cr (up 19% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 19% growth in the latest year. EBITDA rose 10% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1,105.64 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹80.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.42 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 2.6% | ||||
| 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 Kute Sons Dairys Limited, buy the company report.
Board of directors of Kute Sons Dairys Limited
Kute Sons Dairys has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Dnyanobarao Kute Also directs: Shree Tirumalla Oil Cake Industries LLP, Sankalp Ginning Industries LLP, Shree Tirumalla Pressing Factory LLP and 5 more | Director | 15 Jul 2019 | 7 Years 3 Months | As last reported |
| Archana Suresh Kute Also directs: Shree Tirumalla Oil Cake Industries LLP, Sankalp Ginning Industries LLP, Shree Tirumalla Pressing Factory LLP and 5 more | Director | 15 Jul 2019 | 7 Years 3 Months | As last reported |
| Yashwant Vasantrao Kulkarni Also directs: Goldenera Flour & Food Industry Private Limited | Director | 30 Mar 2021 | 5 Years 7 Months | As last reported |
Peer comparison
Kute Sons Dairys Limited is compared with the 8 companies closest to it by revenue in the Food and Beverages industry (Milk and Dairy Products), 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 |
|---|---|---|---|---|---|---|
| Govind Milk and Milk Products Private Limited | ₹1,292.06 Cr (FY 2025) | 6.0% | Satara, Maharashtra, India | |||
| Bhole Baba Milk Food Industries (Dholpur) Private Limited. | ₹1,278.14 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India | |||
| Vadilal Industries Limited | ₹1,255.4 Cr (FY 2025) | 10.0% | Ahmedabad, Gujarat, India | |||
| Devyani Food Industries Limited | ₹1,110.23 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Kute Sons Dairys Limitedthis company | ₹1,105.64 Cr (FY 2022) | ₹28.42 Cr | 2.6% | 19.0% | 454 | Satara, Maharashtra, India |
| Red Cow Dairy Private Limited | ₹1,091.34 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Havmor Ice Cream Private Limited | ₹1,045.55 Cr (FY 2024) | 6.0% | Ahmedabad, Gujarat, India | |||
| Keventer Agro Ltd. | ₹1,033.13 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| GRB Dairy Foods Private Limited | ₹1,011.12 Cr (FY 2024) | 13.0% | Dharmapuri, Tamil Nadu, India |
To see the full peer comparison of Kute Sons Dairys Limited, buy the company report.
Auditor
Kute Sons Dairys Limited is audited by V.P.Shinde & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.P.Shinde & Associates | FY 2022 | 137337W |
Shareholding
The shareholding of Kute Sons Dairys Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kute Sons Dairys Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2022 | 100656538 | Axis Bank Limited | ₹20 Cr | Open | |
| 27 Sep 2021 | 100485281 | Others | ₹10 Cr | Open | |
| 31 Aug 2021 | 100490576 | Others | ₹9.75 Cr | Open | |
| 10 Aug 2021 | 100485229 | Others | ₹213 Cr | Open | |
| 20 Jun 2018 | 100190074 | Others | ₹342.71 Cr | Open |
To see the full charge records of Kute Sons Dairys Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Kute Sons Dairys Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹35.61 Cr; the latest was in August 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Tirumalla Oil Refinery Private Limited |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Treeline Corporate Services Private Limited , 3 individuals Seller: Tirumalla Oil Refinery Private Limited |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: Tirumalla Oil Refinery Private Limited Seller: 4 individuals |
| Apr 2014 | Funding round | ₹15.96 Cr | Investors: Alpha Graphic India Ltd , Acil Cotton Industries Limited , Yantra Natural Resources Limited |
| Mar 2009 | Funding round | ₹10.15 Cr | Investors: Others & Tirumalaa Daairy Limited, 3 individuals |
To see the full deal history of Kute Sons Dairys 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
Kute Sons Dairys Limited has 79 court cases on record: 25 filed by Kute Sons Dairys, 54 filed against it. 25 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 46 | 39 | 19 |
| High courts | 33 | 15 | 6 |
Cases on record (5 of 79)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Yes Bank Ltd Through Poa Priya Bhange | Pending |
| District court, Hyderabad Central, Telangana | Cheque dishonour complaint | Filed against the company by M/S. Associated Broadcasting Company Pvt. Ltd., Rep. by P. Venkata Subbaraya Sarma | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Zee Media Corporation Limited | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Desiderata Impact Ventures Pvt Ltd | Pending |
| District court, Satara, Maharashtra | Commercial suit | Filed by the company against Tirumala Milk Products Pvt. Ltd. | Pending |
To see the full case history of Kute Sons Dairys 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
Kute Sons Dairys Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 276 overdue payments to 91 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 91)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Markem - Imaje India Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Gujarat Enterprises | |||
| an individual supplier |
To see the full MSME payment records of Kute Sons Dairys Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kute Sons Dairys has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Kute Sons Fresh Dairy Private Limited | U15490PN2014PTC151391 |
To see the full group structure of Kute Sons Dairys Limited, buy the company report.
Employees & EPFO
Kute Sons Dairys Limited has a workforce of 454 employees on its EPFO records as of Sep 09, 2025, across 1 active EPFO establishment.
GST
Kute Sons Dairys has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Kute Sons Dairys Limited, buy the company report.
Recent activity
Kute Sons Dairys Limited has 14 board changes on record since 2018: 3 appointments and 11 cessations. The latest: Yashwant Vasantrao Kulkarni ceased to be Additional Director on 30 Nov 2021.
48 earlier events are in the company report.
Frequently asked questions
Kute Sons Dairys 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.
Kute Sons Dairys is a company under insolvency, formerly operating as a public limited company based in Satara, Maharashtra, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 20 February 1996 and is registered under CIN U01409PN1996PLC097492. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Kute Sons Dairys has 3 current directors:
- Suresh Dnyanobarao Kute - Director
- Archana Suresh Kute - Director
- Yashwant Vasantrao Kulkarni - Director
The latest financial statements of Kute Sons Dairys on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Kute Sons Dairys is U01409PN1996PLC097492. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kute Sons Dairys has open charges of ₹603.46 Cr and satisfied charges of ₹360.27 Cr as per latest MCA filings.
Kute Sons Dairys has 79 court cases on record: 25 filed by the company and 54 filed against it. 25 are pending. Most are in the district courts.
Kute Sons Dairys was incorporated on 20 February 1996. It is registered with the Registrar of Companies, Pune.
Kute Sons Dairys has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹35.61 Cr; the latest was in August 2019.
The peers of Kute Sons Dairys by revenue are Govind Milk and Milk Products Private Limited, Bhole Baba Milk Food Industries (Dholpur) Private Limited, Vadilal Industries Limited, Devyani Food Industries Limited, Red Cow Dairy Private Limited and 3 more, all in the Food and Beverages industry (Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).
Yashwant Vasantrao Kulkarni ceased to be Additional Director on 30 Nov 2021. Ashish Padmakarrao Patodekar ceased to be Director on 30 Mar 2021. Yashwant Vasantrao Kulkarni was appointed as Director on 30 Mar 2021. Kute Sons Dairys has 14 board changes on record in total.
Kute Sons Dairys has 9 MSME Form 1 returns on record between 2019 and 2023, listing 276 overdue payments to 91 micro and small suppliers. The latest return was filed on 25 Aug 2023.
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