About Privi Organics Limited
Data last updated:
Privi Organics Limited was a public limited company based in Thane, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the aromatics and benzene derivatives segment of the chemicals and materials sector. It was incorporated on 05 April 1982.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24120MH1982PLC026867. Its GSTIN is 27AAACP4717A1ZV (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹50 Cr and a paid-up capital of ₹47 Cr. It was formerly known as Privi Organics Private Limited. It was led by directors including Snehal Mahesh Babani (Managing Director) and Sanjeev Gajanan Patil (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Thane, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹6.33 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.82 Cr (net margin -60.4%) and EBITDA of -₹2.81 Cr (EBITDA margin -44.5%). Revenue has declined at a compounded annual rate (CAGR) of 306% over three years and 49% over five years.
The company had about 85 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹236.54 Cr on record. Court records list 37 cases involving the company, including 18 filed by the company and 19 filed against it; 3 cases are pending. The company has 19 deals on record (9 secondary share transfers, 8 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹246.69 Cr; the latest was in March 2022.
The last known website on record is privi.com.
Company details
CIN history
Privi Organics has one previous CIN (Corporate Identification Number): L24120MH1982PLC026867. The current CIN is U24120MH1982PLC026867, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24120MH1982PLC026867 | Current |
| L24120MH1982PLC026867 | Previous |
Contact details
Privi Organics Limited's registered office is in Thane, Maharashtra. Its website is privi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor Privi House Plot No. A – 71 Ttc Belapur Road Kopar Khairane, Navi Mumbai India, Thane, Maharashtra, India – 400710
- IndustryChemicals and Materials, Aromatics & Benzene Derivatives
To see the full contact details of Privi Organics 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
Business activity
The main business activity of Privi Organics is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Privi Organics Limited, buy the company report.
Financials of Privi Organics Limited
FY 2023 filings availablePrivi Organics Limited reported revenue of ₹6.33 Cr (up 558% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 558% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 49%. 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 | ₹6.33 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.82 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 | -44.5% | ||||
| Net Profit Margin | -60.4% | ||||
| 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 Privi Organics Limited, buy the company report.
Board of directors and KMP of Privi Organics Limited
Privi Organics Limited currently reports 7 directors and 1 key managerial person. 29 former directors have served the organization.
Auditor
Privi Organics Limited is audited by E. E. SITABKHAN & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| E. E. SITABKHAN & CO. | FY 2022 | 110300W |
Shareholding
The shareholding of Privi Organics 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 Privi Organics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 May 2012 | 10360606 | Dbs Bank Limited | ₹44.8 Cr | Satisfied | |
| 02 May 2011 | 10288943 | Hdfc Bank Limited | ₹16.77 Cr | Satisfied | |
| 12 Nov 2010 | 10257414 | Standard Chartered Bank | ₹36.8 Cr | Satisfied | |
| 27 Feb 2009 | 10152732 | Bank of Baroda | ₹3 Cr | Satisfied | |
| 11 Nov 2008 | 10321635 | Bank of Baroda | ₹3 Cr | Satisfied |
To see the full charge records of Privi Organics Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Privi Organics Limited has 19 deals on record (9 secondary share transfers, 8 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹246.69 Cr; the latest was in March 2022.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Vivira Chemicals Pvt Ltd , Vivira Investments & Trading Co. Private Limited, Others - Privi Organics Limited, an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Money Mart Securities Private Limited, Vivira Chemicals Pvt Ltd , Mahesh Babani-Huf, an individual Seller: Anoop Babani-Huf, Vivira Investments & Trading Co. Private Limited, 2 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Banbridge Limited, 3 individuals Seller: Satguru Enterprises Private Limited , Satco Securities & Financial Services, 2 individuals |
| Dec 2007 | Funding round | ₹5.24 Cr | Investors: Satguru Enterprises Private Limited , Banbridge Limited, Quintessence Finance Limited , an individual |
| Dec 2006 | Funding round | ₹1.8 Cr | Investors: Satguru Enterprises Private Limited , Resurgence PE Investments |
To see the full deal history of Privi Organics 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
Privi Organics Limited has 37 court cases on record: 18 filed by Privi Organics, 19 filed against it. 3 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 12 | 1 |
| District courts | 13 | 7 | 2 |
| NCLT | 3 | 0 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Ultra Drytech Engineering Ltd and Others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Soham Organics Pvt.Ltd., and Anr | Pending |
| Bombay High Court | Court case (ALP) | Filed by the company against M/S. International Hometex Ltd. and Anr. | Disposed |
| Bombay High Court | Court case (CAA) | Filed against the company by Dharampal Brothers Private Ltd., and Anr | Disposed |
| Bombay High Court | Court case (AO) | Filed against the company by Dharampal Brothers Private Ltd., and Anr | Disposed |
To see the full case history of Privi Organics 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 Privi Organics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Privi Organics has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP4717A1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Privi Organics Limited, buy the company report.
Recent activity
Privi Organics Limited has 33 board changes on record since 2008: 8 appointments and 25 cessations. The latest: Sanjeev Gajanan Patil ceased to be Additional Director on 30 Sep 2021.
63 earlier events are in the company report.
News
Frequently asked questions
Privi Organics has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Privi Organics was a public limited company based in Thane, Maharashtra, India. The company worked in aromatics and benzene derivatives, within the chemicals and materials industry. It was incorporated on 05 April 1982 and is registered under CIN U24120MH1982PLC026867. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Privi Organics was incorporated on 05 April 1982. It is registered with the Registrar of Companies, Mumbai.
Privi Organics had 8 directors and KMP:
- Snehal Mahesh Babani - Managing Director
- Sanjeev Gajanan Patil - Whole-Time Director
- Ashok Kumar Goenka - Director
- Dwarko Topandas Khilnani - Director
- Jyoti Mahesh Babani - Director
- Seema Mahesh Babani - Director
- Mahesh Purshottam Babani - Director
- Arun Anant Newalkar - Cfo
The CIN (Corporate Identification Number) of Privi Organics is U24120MH1982PLC026867. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Privi Organics is at Ground Floor Privi House Plot No. A – 71 Ttc Belapur Road Kopar Khairane, Navi Mumbai India, Thane, Maharashtra, India – 400710.
Privi Organics can be reached through the website privi.com. Its registered office is in Thane, Maharashtra, India.
The latest financial statements of Privi Organics on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 31 July 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Privi Organics is 27AAACP4717A1ZV, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Privi Organics operated in the chemicals and materials industry, in the aromatics and benzene derivatives segment.