MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-OD-07-0003125
Odi-Ray Industries Limited - food and beverages in Cuttack, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹70.44 Cr
▲ 16% YoY
Net profit · FY 2025
₹2.06 Cr
Net margin 2.9%
EBITDA · FY 2025
₹11.07 Cr
EBITDA margin 15.7%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹46.36 Lakh
Issued & subscribed
Open charges
₹30.17 Cr
Satisfied ₹87.26 Lakh
Company age
12 yrs
Est. 2014
Directors on board
3
As per MCA filings
About Odi-Ray Industries Limited
Data last updated:
Odi-Ray Industries Limited is a public limited company based in Cuttack, Odisha, India. It operates in the non-alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 24 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U15541OR2014PLC017851. Its GSTIN is 21AABCO9949G1ZB (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹46.36 Lakh. It is led by directors including Deben Ray (Managing Director) and Mira Ray.
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 Cuttack, Odisha.
As per the financials filed for FY 2025, the company reported a revenue of ₹70.44 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹2.06 Cr (net margin 2.9%) and EBITDA of ₹11.07 Cr (EBITDA margin 15.7%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 13% over five years.
The company is associated with 1 brand: Odiray Industries. As per MCA filings, the company has open charges of ₹30.17 Cr and satisfied charges of ₹87.26 Lakh on record. Court records list 30 cases involving the company, including 29 filed by the company and 1 filed against it; 14 cases are pending.
Odi-Ray Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-07-0003125). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website odirayindustries.com.
Company Details of Odi-Ray Industries Limited
CIN U15541OR2014PLC017851
Registration Number 017851
Incorporation Date 24 February 2014
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-OD-07-0003125
Recognitions & Rankings of Odi-Ray Industries
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressGround Floor Of Plot No 321 Mahanadi Ring Road Near Hotel Mahanadi, Inn, Cuttack, Odisha, India – 753007
- IndustryFood and Beverages, Non-Alcoholic Beverage Manufacturing & Distribution
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Associated Brands with Odi-Ray Industries Limited
Odi-Ray Industries operates one associated brand: Odiray Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and distributes carbonated beverages, glucose drinks, and packaged water in Eastern India. | odirayindustries.com |
Business Activity of Odi-Ray Industries Limited
The main business activity of Odi-Ray Industries is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Odi-Ray Industries Limited FY 2024 filings available
Odi-Ray Industries Limited reported revenue of ₹70.44 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹70.44 Cr ▲ 16%
Net profit · FY 2025
₹2.06 Cr margin 2.9%
EBITDA · FY 2025
₹11.07 Cr margin 15.7%
Compounded Annual Growth Rate (CAGR) of Odi-Ray Industries Limited
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 18%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 31%
5 years · compounded
▲ 13%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 16% growth in the latest year. EBITDA rose 28% 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 of Odi-Ray Industries Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹11.07 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.06 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 of Odi-Ray Industries Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Odi-Ray Industries are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Odi-Ray Industries Limited
Odi-Ray Industries has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mira Ray Also directs: Odi-Ray Foods Private Limited | Director | 24 Feb 2014 | 12 Years 7 Months | Current |
| Anup Ray Also directs: Odi-Ray Foods Private Limited | Director | 24 Feb 2014 | 12 Years 7 Months | Current |
| Deben Ray | Managing Director | 24 Feb 2014 | 12 Years 7 Months | Current |
Peer Comparison of Odi-Ray Industries Limited
Odi-Ray Industries Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Non Alcoholic Beverages). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alcoprime Distilleries Private Limited | ₹80.55 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Panchkula, Haryana, India |
| Montage Promoters Private Limited | ₹79.2 Cr (FY 2016) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| South India Bottling Company Private Limited | ₹77.43 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Chennai, Tamil Nadu, India |
| Asianlak Health Foods Ltd | ₹74.1 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Punjab, India |
| Bai-Kakaji Aquasure Solutions Private Limited | ₹72.03 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Latur, Maharashtra, India |
| Odi-Ray Industries Limited this company | ₹70.44 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Cuttack, Odisha, India |
| Axiom Foods and Beverages Private Limited | ₹69.86 Cr (FY 2025) | •••• | •••• | 11680.0% | •••• | Ambala, Haryana, India |
| Seven Oaks Distilleries Private Limited | ₹69.09 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Chandigarh, India |
| Raw Pressery Private Limited | ₹68.84 Cr (FY 2020) | •••• | •••• | 46.0% | •••• | Haryana, India |
| MMG Beverages Private Limited | ₹67.17 Cr (FY 2025) | •••• | •••• | 80.0% | •••• | Delhi, India |
| Kanti Beverages Private Limited | ₹66.96 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Odi-Ray Industries by revenue in the Food and Beverages industry (Non Alcoholic Beverages), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Odi-Ray Industries Limited
Odi-Ray Industries Limited is audited by DILLIP SAMIR & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DILLIP SAMIR & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Odi-Ray Industries Limited
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Charges & Borrowings of Odi-Ray Industries Limited
Open charges
₹30.17 Cr
Satisfied charges
₹87.26 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Aug 2025 | Others | ₹8.4 Lakh | Open |
| 25 Apr 2025 | Others | ₹3 Cr | Open |
| 24 Mar 2025 | Hdfc Bank Limited | ₹13 Lakh | Open |
| 25 Oct 2023 | Others | ₹6.65 Cr | Open |
| 21 Dec 2022 | Others | ₹14.2 Cr | Open |
Total charge records: 13 View all charges
Legal Cases of Odi-Ray Industries Limited
Odi-Ray Industries Limited has 30 court cases on record: 29 filed by Odi-Ray Industries, 1 filed against it. 14 cases are pending and 16 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
30
Filed by the company
29
Filed against the company
1
Pending
14
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 0 | 13 |
| High courts | 6 | 1 | 1 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Cuttack, Odisha | Civil suit | Filed by the company against Girishyam Private Limited | Pending |
| District court, Cuttack, Odisha | Civil suit | Filed by the company against S S Enterprises Private Limited | Pending |
| District court, Cuttack, Odisha | Court case (C.M.A) | Filed by the company against Rasmi Drinks Private Limited | Pending |
| District court, Cuttack, Odisha | Civil suit | Filed by the company against Rasmi Drinks Private Limited | Disposed |
| District court, Cuttack, Odisha | Civil suit | Filed by the company against an individual | Pending |
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Full case history
All 30 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Odi-Ray Industries Limited
Employment history and EPFO contributions of people linked to Odi-Ray Industries.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Odi-Ray Industries Limited
Odi-Ray Industries Limited has 3 board changes on record since 2014: 3 appointments. The latest: Anup Ray was appointed as Director on 24 Feb 2014.
Charges
A charge with Others amounted to Rs. 0.08 Cr with Charge ID 101147946 was registered on 10 Aug 2025.
Charges
A charge registered on 30 Nov 2021 via Charge ID 100522432 with Hdfc Bank Limited was fully satisfied on 31 Jul 2025.
Charges
A charge with Others of Rs. 2.50 Cr registered on 29 Dec 2017 with Charge ID 100151990 was modified on 14 Jul 2025.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 101093615 was registered on 25 Apr 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.13 Cr with Charge ID 101119642 was registered on 24 Mar 2025.
AGM
Odi-Ray Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Odi-Ray Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Charges
A charge with Others amounted to Rs. 6.65 Cr with Charge ID 100807890 was registered on 25 Oct 2023.
Charges
A charge with Others amounted to Rs. 14.20 Cr with Charge ID 100655693 was registered on 21 Dec 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100522432 was registered on 30 Nov 2021.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100499502 was registered on 02 Nov 2021.
Charges
A charge with Others amounted to Rs. 1.76 Cr with Charge ID 100275288 was registered on 25 Jun 2019.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Odi-Ray Industries Limited
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MSME Payment Delays by Odi-Ray Industries Limited
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Subsidiaries & Group Companies of Odi-Ray Industries Limited
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Corporate group structure
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GST Compliance of Odi-Ray Industries Limited
Odi-Ray Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCO9949G1ZB | Odisha | Active | 01 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Odi-Ray Industries Limited
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Frequently Asked Questions about Odi-Ray Industries Limited
Odi-Ray Industries is an active public limited company based in Cuttack, Odisha, India. The company works in non-alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 24 February 2014 (12+ years old) and is registered under CIN U15541OR2014PLC017851.
Odi-Ray Industries reported revenue of ₹70.44 Cr for FY 2025 (up 16% YoY).
Odi-Ray Industries reported a net profit of ₹2.06 Cr (net margin 2.9%) and EBITDA of ₹11.07 Cr (EBITDA margin 15.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Odi-Ray Industries is 18% over three years and 13% over five years. In the latest year (FY 2025) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Odi-Ray Industries is 21AABCO9949G1ZB, registered in Odisha. 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 Odi-Ray Industries is U15541OR2014PLC017851. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Odi-Ray Industries has 30 court cases on record: 29 filed by the company and 1 filed against it. 14 are pending. Most are in the district courts.
Odi-Ray Industries was incorporated on 24 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Odi-Ray Industries by revenue are Alcoprime Distilleries Private Limited, Montage Promoters Private Limited, South India Bottling Company Private Limited, Asianlak Health Foods Ltd, Bai-Kakaji Aquasure Solutions Private Limited and 5 more, all in the Food and Beverages industry (Non Alcoholic Beverages).
Anup Ray was appointed as Director on 24 Feb 2014. Deben Ray was appointed as Managing Director on 24 Feb 2014. Mira Ray was appointed as Director on 24 Feb 2014.