About Vibha Agro Tech Limited
Data last updated:
Vibha Agro Tech Limited is a public limited company based in Telangana, 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 seed production and distribution segment of the agriculture sector. It was incorporated on 10 May 1995.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U24110TG1995PLC029318. The company has 11 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹52 Cr and a paid-up capital of ₹51.63 Cr. It was formerly known as Vibha Agro Tech Private Limited. It is led by directors including Vidyasagar Parchuri (Managing Director) and Chandravathi Parchuri (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Flat No.501 A&B Subhan Sirisampada 6 – 3 – 1090/A/1(Plot No. 12) Somajiguda Hyd, Erabad, Telangana, India.
As per the financials filed for FY 2020, the company reported a revenue of ₹33.75 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹5.25 Cr and EBITDA of -₹1 Cr (EBITDA margin -297%). Revenue has declined at a compounded annual rate (CAGR) of 66% over three years and 66% over five years.
The company is associated with 1 brand: Vibha Seeds. As per MCA filings, the company has open charges of ₹2,471.27 Cr and satisfied charges of ₹171.77 Cr on record. Court records list 58 cases involving the company, including 20 filed by the company and 39 filed against it; 5 cases are pending.
The last known website on record is vibhaseeds.com.
Company details
CIN history
Vibha Agro Tech has one previous CIN (Corporate Identification Number): U24110AP1995PLC029318. The current CIN is U24110TG1995PLC029318, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24110TG1995PLC029318 | Current |
| U24110AP1995PLC029318 | Previous |
Contact details
Vibha Agro Tech Limited's registered office is in Telangana. Its website is vibhaseeds.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressFlat No.501 A&B Subhan Sirisampada 6 – 3 – 1090/A/1(Plot No. 12) Somajiguda Hyd, Erabad, Telangana, India
- IndustryAgriculture, Seed Production & Distribution
To see the full contact details of Vibha Agro Tech 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
Vibha Agro Tech operates one associated brand: Vibha Seeds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and commercializes hybrid seeds for field and vegetable crops. | vibhaseeds.com |
Business activity
The main business activity of Vibha Agro Tech is professional, scientific and technical. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
Financials of Vibha Agro Tech Limited
FY 2020 filings availableVibha Agro Tech Limited reported revenue of ₹33.75 Lakh (down 97% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years, including a 97% fall in the latest year. EBITDA fell 110% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹33.75 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.25 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -297% | ||||
| 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 Vibha Agro Tech Limited, buy the company report.
Board of directors of Vibha Agro Tech Limited
Vibha Agro Tech has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yalla Srinivas | Director | 07 Oct 2013 | 13 Years 0 Months | As last reported |
| Vidyasagar Parchuri Also directs: Seed Innovations Private Limited, Nusun Genetic Research Limited, Divine Horticultural Farms Private Limited and 2 more | Managing Director | 10 May 1995 | 31 Years 5 Months | As last reported |
| Chandravathi Parchuri Also directs: Seed Innovations Private Limited, Nusun Genetic Research Limited, Divine Horticultural Farms Private Limited and 2 more | Whole-Time Director | 19 Feb 1996 | 30 Years 8 Months | As last reported |
Auditor
Vibha Agro Tech Limited is audited by P Murali & Co for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P Murali & Co | FY 2020 | 007257S |
Shareholding
The shareholding of Vibha Agro Tech Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vibha Agro Tech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2013 | 10471377 | Icici Bank Limited | ₹809.22 Cr | Open | |
| 26 Dec 2013 | 10470915 | Sbicap Trustee Company Limited | ₹809.22 Cr | Open | |
| 29 Mar 2013 | 10421448 | State Bank of India | ₹15 Cr | Open | |
| 16 Jun 2012 | 10393681 | State Bank of Mauritius Ltd | ₹21.68 Cr | Open | |
| 02 Dec 2011 | 10325110 | Others | ₹40 Cr | Open |
To see the full charge records of Vibha Agro Tech Limited, buy the company report.
Total charge records: 37 View all charges
Legal cases
Vibha Agro Tech Limited has 58 court cases on record: 20 filed by Vibha Agro Tech, 39 filed against it. 5 cases are pending and 53 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 7 | 1 |
| District courts | 21 | 20 | 4 |
| NCLT | 5 | 5 | 0 |
| NCLAT | 4 | 4 | 0 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by L and T Infrastructure Finance Company Ltd | Pending |
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Krishi Rasayan Exports Pvt Ltd | Pending |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by M/S Seed Innovations Private Limited | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Vidyasagar Parchuri Suspended Director, Vibha Agro Tech Ltd. S/O SH. Venkatanarsaya Parchuri R/O House No. 8-2-293/82/J111/9, Plot No. O111,Road No. 77, Jubilee Hills, Hyderabad- 50063 , , Other | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by M/S Nusun Genetic Research Limited | Disposed |
To see the full case history of Vibha Agro Tech 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 Vibha Agro Tech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vibha Agro Tech has 11 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vibha Agro Tech Limited, buy the company report.
Recent activity
Vibha Agro Tech Limited has 9 board changes on record since 1995: 4 appointments and 5 cessations. The latest: Ramratan Shyamsunder Kanoongo was appointed as Irp/Rp/Liquidator on 26 Jun 2023.
71 earlier events are in the company report.
Frequently asked questions
Vibha Agro Tech 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.
Vibha Agro Tech is a company under insolvency, formerly operating as a public limited company based in Telangana, India. The company works in seed production and distribution, within the agriculture industry. It was incorporated on 10 May 1995 and is registered under CIN U24110TG1995PLC029318. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vibha Agro Tech has 3 current directors:
- Vidyasagar Parchuri - Managing Director
- Chandravathi Parchuri - Whole-Time Director
- Yalla Srinivas - Director
The latest financial statements of Vibha Agro Tech on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vibha Agro Tech is U24110TG1995PLC029318. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vibha Agro Tech has open charges of ₹2,471.27 Cr and satisfied charges of ₹171.77 Cr as per latest MCA filings.
Vibha Agro Tech has 58 court cases on record: 20 filed by the company and 39 filed against it. 5 are pending. Most are in the high courts.
Vibha Agro Tech was incorporated on 10 May 1995. It is registered with the Registrar of Companies, Hyderabad.
Ramratan Shyamsunder Kanoongo was appointed as Irp/Rp/Liquidator on 26 Jun 2023. Chandravathi Parchuri ceased to be Director on 01 Jan 2015. Yalla Srinivas ceased to be Additional Director on 30 Sep 2014. Vibha Agro Tech has 9 board changes on record in total.
Vibha Agro Tech can be reached through the website vibhaseeds.com. Its registered office is in Telangana, India.