About Lava International Limited
Data last updated:
Lava International Limited is a public limited company based in Delhi, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 27 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U32201DL2009PLC188920. Its GSTIN is 07AABCL5987H1Z4 (Delhi). The company holds 27 GST registrations, of which 17 are active.
The company has an authorised share capital of ₹396.1 Cr and a paid-up capital of ₹273.9 Cr. It is led by directors including Sunil Raina (Managing Director) and Sanjeev Agarwal (Whole-Time Director).
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 B – 14 House 2 Basement Shivlok Commercial Complex Karampura, Delhi, India – 110015.
As per the financials filed for FY 2024, the company reported a revenue of ₹3,667 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹33.85 Cr (net margin 0.9%) and EBITDA of ₹103.04 Cr (EBITDA margin 2.8%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 6% over five years.
The company has about 1,743 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries and 1 joint venture.
The company is associated with 1 brand: Lava. As per MCA filings, the company has open charges of ₹1,262.69 Cr and satisfied charges of ₹1,489 Cr on record. Court records list 189 cases involving the company, including 135 filed by the company and 54 filed against it; 37 cases are pending. The company has 12 deals on record (7 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹620.02 Cr; the latest was in September 2021. The company has 23 MSME Form 1 returns on record between 2016 and 2024, listing 1,115 overdue payments to 176 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 lavamobiles.com.
Company details
Contact details
Lava International Limited's registered office is in Delhi, Delhi. Its website is lavamobiles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 14 House 2 Basement Shivlok Commercial Complex Karampura, Delhi, India – 110015
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Lava International 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
Lava International operates one associated brand: Lava. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mobile phones, laptops, and tablets are branded by Lava International. | lavamobiles.com |
Business activity
The main business activity of Lava International is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Lava International Limited, buy the company report.
Financials of Lava International Limited
FY 2024 filings availableLava International Limited reported revenue of ₹3,667 Cr (down 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 26% fall in the latest year. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹103.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33.85 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 0.9% | ||||
| 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 Lava International Limited, buy the company report.
Board of directors of Lava International Limited
Lava International has 9 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Kumar Singh Also directs: Machino Plastics Limited, PNB Housing Finance Limited, RS Valuation Services Private Limited and 2 more | Director | 27 Aug 2024 | 2 Years 1 Months | Current |
| Ajay Kumar Singh | Director | 16 Apr 2024 | 2 Years 6 Months | Current |
| Sunil Raina Also directs: Lava Enterprises Limited, Sojo Distribution Private Limited, Sojo Manufacturing Services (Ap) Private Limited and 1 more | Managing Director | 28 Feb 2024 | 2 Years 7 Months | Current |
| Vishal Sehgal Also directs: Sojo Infotel Private Limited | Director | 01 Apr 2010 | 16 Years 6 Months | Current |
| Shailendra Rai | Director | 27 Mar 2009 | 17 Years 6 Months | Current |
| Anupam Shrivastava | Director | 26 Mar 2024 | 2 Years 6 Months | Current |
Auditor
Lava International Limited is audited by ASA & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASA & Associates LLP | FY 2022 | 009571N/N500006 |
Shareholding
The shareholding of Lava International Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Lava International Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2023 | 100833509 | Indian Bank | ₹39.6 Lakh | Open | |
| 31 Jul 2023 | 100796281 | Hdfc Bank Limited | ₹21 Lakh | Open | |
| 26 Nov 2022 | 100654896 | Others | ₹1.6 Cr | Open | |
| 23 Jun 2022 | 100594596 | Hdfc Bank Limited | ₹25.33 Lakh | Open | |
| 31 May 2021 | 100453040 | Others | ₹35 Cr | Open |
To see the full charge records of Lava International Limited, buy the company report.
Total charge records: 38 View all charges
Deals & funding
Lava International Limited has 12 deals on record (7 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹620.02 Cr; the latest was in September 2021.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Funding round | ₹371.61 Cr | Investors: Clipper Global S A |
| May 2021 | Rights issue | ₹102 Cr | Investors: Sojo Infotel Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Lava Employee Welfare Trust, Rits Capital Holdings Private Limited |
| Dec 2017 | Funding round · Series A | ₹192.46 Cr | Investors: UNIC Memory Technology(Hong Kong) Limited |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: Rits Capital Holdings Private Limited Seller: 4 individuals |
To see the full deal history of Lava International 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
Lava International Limited has 189 court cases on record: 135 filed by Lava International, 54 filed against it. 37 cases are pending and 152 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 128 | 31 | 23 |
| District courts | 49 | 20 | 12 |
| Supreme Court | 11 | 2 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 189)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2401-Indirect Taxation : Customs Act, Customs Tariff Act, Export, Import and Anti-Dumping duty) | Filed by the company against Union of India and 1 other | Pending |
| District court, South East, Delhi | Court case (OMP (COMM.)) | Filed against the company by M/S Rally Infra Pvt. Ltd. | Pending |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by Mintellectuals LLP | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Mintellectuals LLP | Pending |
| High Court of Delhi | Court case (TR.P.(C.)) | Filed by the company against M/S Rally Infra Pvt Ltd | Pending |
To see the full case history of Lava International 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
Lava International Limited was last rated by Care on 06 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Apr 2022 |
To see the full credit ratings and regulatory alerts of Lava International Limited, buy the company report.
MSME payment delays
Lava International Limited has 23 MSME Form 1 returns on record between 2016 and 2024, listing 1,115 overdue payments to 176 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 176)
To see the full MSME payment records of Lava International Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Lava International has 4 subsidiary companies, 1 joint venture, and 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Lava Enterprises Limited | U64100DL2013PLC260008 | |
| Sojo Distribution Private Limited | U74999DL2016PTC300501 | |
| Sojo Manufacturing Services (Ap) Private Limited | U74999DL2016PTC300552 | |
| Sojo Manufacturing Services Private Limited | U74999DL2016PTC300776 |
To see the full group structure of Lava International Limited, buy the company report.
Employees & EPFO
Lava International Limited has a workforce of 1,743 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Lava International has 27 GST registrations: 17 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCL5987H1Z4 | Delhi | Active | 01 Jul 2017 |
| 03AABCL5987H1ZC | Punjab | Active | 01 Jul 2017 |
| 06AABCL5987H1Z6 | Haryana | Active | 01 Jul 2017 |
| 08AABCL5987H1Z2 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lava International Limited, buy the company report.
Recent activity
Lava International Limited has 39 board changes on record since 2009: 10 appointments and 29 cessations. The latest: Rajiv Kumar Singh ceased to be Additional Director on 29 Sep 2024.
101 earlier events are in the company report.
News
From our blog
- Top 7 Indian Laptop Brands02 Jul 2020
Frequently asked questions
Lava International is an active public limited company based in Delhi, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 27 March 2009 (17+ years old) and is registered under CIN U32201DL2009PLC188920.
Lava International has 9 current directors:
- Sunil Raina - Managing Director
- Sanjeev Agarwal - Whole-Time Director
- Rajiv Kumar Singh - Director
- Ajay Kumar Singh - Director
- Vishal Sehgal - Director
- Shailendra Rai - Director
- Anupam Shrivastava - Director
- Deepika Gupta - Director
- Sunil Bhalla - Director
The latest financial statements of Lava International 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 Lava International is 07AABCL5987H1Z4, registered in Delhi. The company has 27 GST registrations in all, of which 17 are active and 10 are cancelled or inactive. Other active GSTINs include 03AABCL5987H1ZC (Punjab), 06AABCL5987H1Z6 (Haryana), 08AABCL5987H1Z2 (Rajasthan).
The CIN (Corporate Identification Number) of Lava International is U32201DL2009PLC188920. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lava International has 189 court cases on record: 135 filed by the company and 54 filed against it. 37 are pending. Most are in the high courts.
Lava International was incorporated on 27 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
Lava International has 12 deals on record (7 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹620.02 Cr; the latest was in September 2021.
Rajiv Kumar Singh ceased to be Additional Director on 29 Sep 2024. Rajesh Sethi was appointed as CFO on 04 Sep 2024. Rajiv Kumar Singh was appointed as Director on 27 Aug 2024. Lava International has 39 board changes on record in total.
Lava International has 23 MSME Form 1 returns on record between 2016 and 2024, listing 1,115 overdue payments to 176 micro and small suppliers. The latest return was filed on 01 May 2024.
Lava International can be reached through the website lavamobiles.com. Its registered office is in Delhi, India.