Srinithi Enterprises Private Limited
About Srinithi Enterprises Private Limited
Data last updated:
Srinithi Enterprises Private Limited is a private limited company based in Chennai, Tamil Nadu, 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 food and beverage distribution segment of the food and beverages sector. It was incorporated on 19 November 2009.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U15132TN2009PTC073601.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.75 Cr. It is led by directors Anguraj Ramalingam and Dhandapani Chinnasamy.
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 New.No – 26/1 Old.No – 27 Sarada Nagar 3rd Street Virugambakkam, Chennai, Tamil Nadu, India – 600092.
As per the financials filed for FY 2022, the company reported a revenue of ₹494.32 Cr, a growth of 102% compared to the previous year. For the same year it recorded a net profit of ₹1.87 Cr (net margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
The company has about 29 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹54.43 Cr and satisfied charges of ₹62.23 Cr on record. Court records list 49 cases involving the company, including 28 filed by the company and 21 filed against it; 15 cases are pending.
Company details
Contact details
Srinithi Enterprises Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNew.No – 26/1 Old.No – 27 Sarada Nagar 3rd Street Virugambakkam, Chennai, Tamil Nadu, India – 600092
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Srinithi Enterprises 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
Business activity
The main business activity of Srinithi Enterprises is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Srinithi Enterprises Private Limited, buy the company report.
Financials of Srinithi Enterprises Private Limited
FY 2022 filings availableSrinithi Enterprises Private Limited reported revenue of ₹494.32 Cr (up 102% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over three years, including 102% growth 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 | ₹494.32 Cr | ||||
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| Net Profit (PAT) | ₹1.87 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | 0.4% | ||||
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To see the full financial statements and ratios of Srinithi Enterprises Private Limited, buy the company report.
Board of directors of Srinithi Enterprises Private Limited
Srinithi Enterprises has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anguraj Ramalingam Also directs: Goldensingar Hotels and Resorts Private Limited | Director | 19 Nov 2009 | 16 Years 11 Months | As last reported |
| Dhandapani Chinnasamy | Director | 19 Nov 2009 | 16 Years 11 Months | As last reported |
Auditor
Srinithi Enterprises Private Limited is audited by JOSEPH & RAJARAM for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JOSEPH & RAJARAM | FY 2022 | 001375S |
Shareholding
The shareholding of Srinithi Enterprises Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Srinithi Enterprises Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2023 | 100771513 | Others | ₹3 Cr | Open | |
| 08 Jun 2023 | 100730135 | Others | ₹20.85 Lakh | Open | |
| 06 May 2023 | 100732434 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 25 Jan 2023 | 100712779 | Hdfc Bank Limited | ₹62.28 Lakh | Open | |
| 30 Aug 2022 | 100666085 | Hdfc Bank Limited | ₹23.8 Lakh | Open |
To see the full charge records of Srinithi Enterprises Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Srinithi Enterprises Private Limited has 49 court cases on record: 28 filed by Srinithi Enterprises, 21 filed against it. 15 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 0 | 2 |
| District courts | 24 | 21 | 13 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Oxyzo Financial Services Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Nakoda Dairy Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Nakoda Dairy Pvt Ltd | Disposed |
To see the full case history of Srinithi Enterprises 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 Srinithi Enterprises Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Srinithi Enterprises Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Srinithi Enterprises Private Limited has 7 board changes on record since 2009: 2 appointments and 5 cessations. The latest: Renuka Devi ceased to be Director on 05 Jun 2023.
16 earlier events are in the company report.
Frequently asked questions
Srinithi Enterprises 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.
Srinithi Enterprises is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 19 November 2009 and is registered under CIN U15132TN2009PTC073601. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Srinithi Enterprises has 2 current directors:
- Anguraj Ramalingam - Director
- Dhandapani Chinnasamy - Director
The latest financial statements of Srinithi Enterprises 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 Srinithi Enterprises is U15132TN2009PTC073601. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Srinithi Enterprises has open charges of ₹54.43 Cr and satisfied charges of ₹62.23 Cr as per latest MCA filings.
Srinithi Enterprises has 49 court cases on record: 28 filed by the company and 21 filed against it. 15 are pending. Most are in the high courts.
Srinithi Enterprises was incorporated on 19 November 2009. It is registered with the Registrar of Companies, Chennai.
Renuka Devi ceased to be Director on 05 Jun 2023. Ramalingam Dhanalakshmi ceased to be Director on 03 May 2023. Rajamani Muthuganesan ceased to be Director on 20 Dec 2021. Srinithi Enterprises has 7 board changes on record in total.
The registered office of Srinithi Enterprises is at New.No – 261 Old.No – 27 Sarada Nagar 3rd Street Virugambakkam, Chennai, Tamil Nadu, India – 600092.