Ponds Exports Limited
About Ponds Exports Limited
Data last updated:
Ponds Exports Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Hindustan Unilever Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the leather segment of the apparel and fashion sector. It was incorporated on 26 May 1981.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24246MH1981PLC261125. Its GSTIN is 33AAACP4402E1Z4 (Tamil Nadu). The company held 7 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹21 Cr and a paid-up capital of ₹1.99 Cr. It was led by directors including Ravishankar Ambalaparambil and Harshal Yashwant Marathe.
Its last annual general meeting (AGM) was held on 14 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Unilever House B. D. Sawant Marg Chakala Andheri (East), Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2023, the company reported a revenue of ₹50,000, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹79.93 Lakh and EBITDA of -₹77.08 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 74% over five years.
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹12 Cr on record. Court records list 33 cases involving the company, including 20 filed by the company and 14 filed against it; 5 cases are pending.
Company details
CIN history
Ponds Exports has one previous CIN (Corporate Identification Number): U24246TN1981PLC008785. The current CIN is U24246MH1981PLC261125, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24246MH1981PLC261125 | Current |
| U24246TN1981PLC008785 | Previous |
Contact details
Ponds Exports Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnilever House B. D. Sawant Marg Chakala Andheri (East), Mumbai, Maharashtra, India – 400099
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Ponds Exports 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 Ponds Exports is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
Financials of Ponds Exports Limited
FY 2023 filings availablePonds Exports Limited reported revenue of ₹50,000 (down 100% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 74% over five years. EBITDA fell 128% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹50,000 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹77.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹79.93 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| 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 Ponds Exports Limited, buy the company report.
Board of directors of Ponds Exports Limited
Ponds Exports has 3 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravishankar Ambalaparambil Also directs: Daverashola Estates Private Limited, Zenherb Labs Private Limited, Hindlever Trust Limited and 1 more | Director | 30 Apr 2021 | 5 Years 6 Months | As last reported |
| Harshal Yashwant Marathe | Director | 15 Jul 2022 | 4 Years 3 Months | As last reported |
| Suman Satyanath Hegde | Additional Director | 15 Jul 2023 | 3 Years 3 Months | As last reported |
Peer comparison
Ponds Exports Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jallan & Sons Tea Company Pvt Ltd | ₹51,000 (FY 2025) | Kolkata, West Bengal, India | ||||
| Jaiswal Fashions & Clothing Private Limited | ₹50,850 (FY 2018) | New Delhi, Delhi, India | ||||
| Sudarshan Cottons Private Limited | ₹50,530 (FY 2021) | -99.0% | Dhule, Maharashtra, India | |||
| Amod Spuntex Private Limited | ₹50,440 (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Gujcali Impex Private Limited | ₹50,127 (FY 2022) | -94.0% | Thane, Maharashtra, India | |||
| Ponds Exports Limitedthis company | ₹50,000 (FY 2023) | -₹79.93 Lakh | -100.0% | 2 | Mumbai, Maharashtra, India | |
| Muniraj Synthetics (India) Private Limited | ₹50,000 (FY 2025) | -92.0% | Bhiwandi, Maharashtra, India | |||
| Ranjit Woollen Mills Pvt Ltd | ₹50,000 (FY 2025) | Punjab, India | ||||
| Samriti Processes Private Limited | ₹50,000 (FY 2021) | -95.0% | Ludhiana, Punjab, India | |||
| Kashmir Silk Cluster Development Organization | ₹50,000 (FY 2018) | -62.0% | Srinagar, Jammu and Kashmir, India | |||
| Looms & Craft Producer Company Limited | ₹50,000 (FY 2023) | -50.0% | Guwahati, Assam, India |
To see the full peer comparison of Ponds Exports Limited, buy the company report.
Auditor
Ponds Exports Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Ponds Exports 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 Ponds Exports Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2003 | 80009090 | Standard Chartered Bank | ₹12 Cr | Satisfied |
To see the full charge records of Ponds Exports Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Ponds Exports Limited has 33 court cases on record: 20 filed by Ponds Exports, 14 filed against it. 5 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 12 | 4 |
| District courts | 6 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed against the company by Ceva Freight (India) Pvt Ltd., | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against Ceva Freight (India) Pvt Ltd., | Disposed |
| High Court, TAMIL NADU | Civil suit | Filed against the company by Ceva Freight (India) Pvt Ltd., | Disposed |
| District court, Puducherry | Civil suit | Filed against the company by Ponds, Exports Ltd, Workers Asso.Rep,Its,President | Disposed |
| District court, Puducherry | Civil suit | Filed by the company against Ponds Exports, Ltd, Hindustan,Uni Lever Ltd. Rep. and 1 other | Disposed |
To see the full case history of Ponds Exports 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
Ponds Exports Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 3 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| S.N.Ananthasubramanian & Co. |
To see the full MSME payment records of Ponds Exports Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ponds Exports Limited has a workforce of 2 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
GST
Ponds Exports has 7 GST registrations: 2 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACP4402E1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
| 34AAACP4402E2Z1 | Puducherry | Active | 06 Sep 2017 |
To see the full GST registrations and return filing status of Ponds Exports Limited, buy the company report.
Recent activity
Ponds Exports Limited has 32 board changes on record since 2008: 3 appointments and 29 cessations. The latest: Suman Satyanath Hegde was appointed as Additional Director on 15 Jul 2023.
26 earlier events are in the company report.
Frequently asked questions
Ponds Exports 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.
Ponds Exports was a public limited company based in Mumbai, Maharashtra, India. The company worked in leather, within the apparel and fashion industry. It was incorporated on 26 May 1981 and is registered under CIN U24246MH1981PLC261125. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ponds Exports was incorporated on 26 May 1981. It is registered with the Registrar of Companies, Mumbai.
Ponds Exports had 3 directors:
- Ravishankar Ambalaparambil - Director
- Harshal Yashwant Marathe - Director
- Suman Satyanath Hegde - Additional Director
The CIN (Corporate Identification Number) of Ponds Exports is U24246MH1981PLC261125. 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 Ponds Exports is at Unilever House B. D. Sawant Marg Chakala Andheri East, Mumbai, Maharashtra, India – 400099.
The latest financial statements of Ponds Exports on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 14 July 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ponds Exports is 33AAACP4402E1Z4, registered in Tamil Nadu. The company has 7 GST registrations in all, of which 2 are active and 5 are cancelled or inactive. Other active GSTINs include 34AAACP4402E2Z1 (Puducherry).
Ponds Exports operated in the apparel and fashion industry, in the leather segment.
The peers of Ponds Exports by revenue are Jallan & Sons Tea Company Pvt Ltd, Jaiswal Fashions & Clothing Private Limited, Sudarshan Cottons Private Limited, Amod Spuntex Private Limited, Gujcali Impex Private Limited and 5 more, all in the same principal business activity (textile, leather and other apparel products).
Ponds Exports has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 3 overdue payments to 1 micro and small supplier. The latest return was filed on 13 May 2021.
Ponds Exports has 33 court cases on record: 20 filed by the company and 14 filed against it. 5 are pending. Most are in the high courts.
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