Nethravathi Distilleries Private Limited
About Nethravathi Distilleries Private Limited
Data last updated:
Nethravathi Distilleries Private Limited is a private limited company based in Kunigal, Karnataka, India, a subsidiary of Imperial Spirits Limited. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 18 February 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15520KA1991PTC011677. Its GSTIN is 29AAACN6939N1ZQ (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Netravati Distilleries Private Limited. It is led by directors Viswanathan Satish and Gopal Ganesan.
Its last annual general meeting (AGM) was held on 16 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore Mangalore Road Avargere Village Kunigal Taluk, Karnataka, India – 572130.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.42 Lakh. For the same year it recorded a net loss of ₹62,560 (net margin -7.4%) and EBITDA of -₹62,560 (EBITDA margin -7.4%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 42% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹182.7 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nethravathi Distilleries Private Limited's registered office is in Kunigal, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBangalore Mangalore Road Avargere Village Kunigal Taluk, Karnataka, India – 572130
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Nethravathi Distilleries 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 Nethravathi Distilleries is manufacturing. In detail, this covers manufacture of beverages.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 11 | Manufacture of beverages |
To see the full business activity and turnover split of Nethravathi Distilleries Private Limited, buy the company report.
Financials of Nethravathi Distilleries Private Limited
FY 2024 filings availableNethravathi Distilleries Private Limited reported revenue of ₹8.42 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years. EBITDA rose 75% 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 |
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| EBITDA | -₹62,560 | ||||
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| Net Profit (PAT) | -₹62,560 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -7.4% | ||||
| Net Profit Margin | -7.4% | ||||
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To see the full financial statements and ratios of Nethravathi Distilleries Private Limited, buy the company report.
Board of directors of Nethravathi Distilleries Private Limited
Nethravathi Distilleries 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 |
|---|---|---|---|---|
| Viswanathan Satish Also directs: Sri Arumuga Sugars Limited, Colorglow Processing Mills Private Limited, Sri Arumuga Enterprise Limited and 5 more | Director | 24 Mar 2022 | 4 Years 7 Months | Current |
| Gopal Ganesan | Additional Director | 21 Dec 2022 | 3 Years 10 Months | Current |
Auditor
Nethravathi Distilleries Private Limited is audited by RAMASAMY NATARAJAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMASAMY NATARAJAN | FY 2023 | NIL |
Shareholding
The shareholding of Nethravathi Distilleries Private 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 Nethravathi Distilleries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2011 | 10327870 | State Bank of Hyderabad | ₹72 Cr | Satisfied | |
| 28 Jun 2010 | 10233233 | State Bank of Hyderabad | ₹14.5 Cr | Satisfied | |
| 28 Jun 2010 | 10233230 | State Bank of Hyderabad | ₹29.67 Cr | Satisfied | |
| 29 Jan 2010 | 10202603 | State Bank of Hyderabad | ₹43.8 Cr | Satisfied | |
| 25 Apr 2008 | 10106706 | The Hongkong and Sanghai Banking Corporation | ₹1.65 Cr | Satisfied |
To see the full charge records of Nethravathi Distilleries Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Nethravathi Distilleries Private Limited has 8 court cases on record: 4 filed by Nethravathi Distilleries, 4 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 2 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against ,R-3 Transunion Cibil Limited, (Formerly Credit Information Bureau (India) Limited), One Indiabulls Centre, Tower 2A, 19Th Floor,Senapathi Bapat Marg, Elphinstone Road, Mumbai - 400 01 and 5 others | Disposed |
| High Court of Karnataka | Court case (OSA) | Filed against the company by Mysore Sales International Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Pending |
| Madras High Court | Writ petition | Filed by the company against Assistant Commissioner of Income Tax | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Assistant Commissioner of Income Tax | Disposed |
To see the full case history of Nethravathi Distilleries 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.
Credit ratings & regulatory alerts
Nethravathi Distilleries Private Limited was last rated by Brickwork on 27 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 27 Sep 2021 |
To see the full credit ratings and regulatory alerts of Nethravathi Distilleries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nethravathi Distilleries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nethravathi Distilleries Private Limited has a workforce of 89 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Nethravathi Distilleries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACN6939N1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nethravathi Distilleries Private Limited, buy the company report.
Recent activity
Nethravathi Distilleries Private Limited has 12 board changes on record since 2003: 7 appointments and 5 cessations. The latest: Gopal Ganesan was appointed as Additional Director on 21 Dec 2022.
32 earlier events are in the company report.
Frequently asked questions
Nethravathi Distilleries is an active private limited company based in Kunigal, Karnataka, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 18 February 1991 (35+ years old) and is registered under CIN U15520KA1991PTC011677.
Nethravathi Distilleries has 2 current directors:
- Viswanathan Satish - Director
- Gopal Ganesan - Additional Director
The latest financial statements of Nethravathi Distilleries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 16 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Nethravathi Distilleries is 29AAACN6939N1ZQ, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Nethravathi Distilleries is U15520KA1991PTC011677. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nethravathi Distilleries has 8 court cases on record: 4 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
Nethravathi Distilleries was incorporated on 18 February 1991, making it 35+ years old. It is registered with the Registrar of Companies, Bangalore.
Gopal Ganesan was appointed as Additional Director on 21 Dec 2022. Vasanthakumar Manoharan ceased to be Whole-Time Director on 21 Dec 2022. Krishnasamy Dhanakumar ceased to be Director on 27 Mar 2022. Nethravathi Distilleries has 12 board changes on record in total.
The registered office of Nethravathi Distilleries is at Bangalore Mangalore Road Avargere Village Kunigal Taluk, Karnataka, India – 572130.
Nethravathi Distilleries operates in the food and beverages industry, in the alcoholic beverage manufacturing and distribution segment.
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