About Preethi Kitchen Appliances Private Limited
Data last updated:
Preethi Kitchen Appliances Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Philips India 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 electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 21 February 2011.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U36993MH2011PTC213827. Its GSTIN is 27AAFCP8830K1ZZ (Maharashtra). The company held 10 GST registrations, of which 9 are active.
The company had an authorised share capital of ₹131.05 Cr and a paid-up capital of ₹95.19 Cr. It was led by directors including Subramanian Srinivasan (Managing Director) and Sudeep Agrawal.
Its last annual general meeting (AGM) was held on 05 July 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Raheja Platinum Sag Baug Road Off Andheri Kurla Road Andheri East, Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2021, the company reported a revenue of ₹768.88 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹68.59 Cr (net margin 8.9%) and EBITDA of ₹99.93 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 8% over five years.
The company had about 838 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Preethi. Court records list 108 cases involving the company, including 48 filed by the company and 60 filed against it; 23 cases are pending. The company has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹1,283.09 Cr; the latest was in March 2019. Its 6 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing, Kitchen Appliances), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 3 smaller; the largest is Tata Autocomp Gy Batteries Private Limited with revenue of ₹795.17 Cr.
The last known website on record is preethi.in.
Company details
Contact details
Preethi Kitchen Appliances Private Limited's registered office is in Mumbai, Maharashtra. Its website is preethi.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRaheja Platinum Sag Baug Road Off Andheri Kurla Road Andheri East, Mumbai, Maharashtra, India – 400059
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Preethi Kitchen Appliances 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
Brands
Preethi Kitchen Appliances operates one associated brand: Preethi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Kitchen appliances sales and services in India. | preethi.in |
Business activity
The main business activity of Preethi Kitchen Appliances is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Preethi Kitchen Appliances Private Limited, buy the company report.
Financials of Preethi Kitchen Appliances Private Limited
FY 2021 filings availablePreethi Kitchen Appliances Private Limited reported revenue of ₹768.88 Cr (up 12% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 12% growth in the latest year. EBITDA rose 31% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹768.88 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹99.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹68.59 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 8.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Preethi Kitchen Appliances Private Limited, buy the company report.
Board of directors and KMP of Preethi Kitchen Appliances Private Limited
Preethi Kitchen Appliances Private Limited currently reports 3 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudeep Agrawal | Director | 13 Jun 2018 | 8 Years 4 Months | As last reported |
| Rajiv Mathur Also directs: Ahlcon Parenterals (India) Limited, Apex Ecotech Limited | Director | 09 Feb 2016 | 10 Years 8 Months | As last reported |
| Subramanian Srinivasan | Managing Director | 13 Nov 2018 | 7 Years 11 Months | As last reported |
| Arulsingh Aruna Also directs: Versuni India Home Solutions Limited | Company Secretary | 31 May 2019 | 7 Years 4 Months | As last reported |
Peer comparison
Preethi Kitchen Appliances Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing, Kitchen Appliances), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tata Autocomp Gy Batteries Private Limited | ₹795.17 Cr (FY 2025) | 29.0% | Pune, Maharashtra, India | |||
| Yaskawa India Private Limited | ₹787.27 Cr (FY 2025) | 15.0% | Bangalore, Karnataka, India | |||
| Vardhman Appliances Limited | ₹786.55 Cr (FY 2025) | 224.0% | Delhi, India | |||
| Preethi Kitchen Appliances Private Limitedthis company | ₹768.88 Cr (FY 2021) | ₹68.59 Cr | 8.9% | 12.0% | 838 | Mumbai, Maharashtra, India |
| Veira Electronics Private Limited | ₹761.65 Cr (FY 2024) | 19.0% | Delhi, India | |||
| Gautam Solar Private Limited | ₹731.19 Cr (FY 2024) | 106.0% | New Delhi, Delhi, India | |||
| Virtuoso Optoelectronics Limited | ₹702.76 Cr (FY 2025) | 32.0% | Nashik, Maharashtra, India |
To see the full peer comparison of Preethi Kitchen Appliances Private Limited, buy the company report.
Auditor
Preethi Kitchen Appliances Private Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & CO. LLP | FY 2020 | 301003E/E300005 |
Shareholding
The shareholding of Preethi Kitchen Appliances Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Preethi Kitchen Appliances Private Limited, buy the company report.
Deals & funding
Preethi Kitchen Appliances Private Limited has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹1,283.09 Cr; the latest was in March 2019.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2016 | Funding round | ₹269.8 Cr | Investors: Philips India Limited |
| Mar 2016 | Funding round | ₹373.3 Cr | Investors: Philips India Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Philips India Limited Seller: an individual |
| Apr 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Philips India Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Philips India Limited Seller: 2 individuals |
To see the full deal history of Preethi Kitchen Appliances Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Preethi Kitchen Appliances Private Limited has 108 court cases on record: 48 filed by Preethi Kitchen Appliances, 60 filed against it. 23 cases are pending and 85 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 83 | 52 | 16 |
| High courts | 23 | 7 | 7 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 108)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Civil suit | Filed against the company by Dhanika Nidhi Limited | Pending |
| District court, Kottayam, Kerala | Criminal case | Filed against the company by Our Own Nidhi Ltd Rep by Authorized Officer Dileep Kumar K R | Pending |
| District court, Ahmedabad, Gujarat | Court case (eCC) | Filed against the company by Chinmay Finlease Limited | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed against the company by Dhanajyothi Kuries Pvt Ltd Irinjalakuda | Pending |
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against M/S Canfin Homes Ltd., Rep by Sukesh Kumar M B | Pending |
To see the full case history of Preethi Kitchen Appliances 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 Preethi Kitchen Appliances Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Preethi Kitchen Appliances Private Limited has a workforce of 838 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Preethi Kitchen Appliances has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP8830K1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 21AAFCP8830K1ZB | Odisha | Active | 01 Jul 2017 |
| 24AAFCP8830K1Z5 | Gujarat | Active | 01 Jul 2017 |
| 29AAFCP8830K1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Preethi Kitchen Appliances Private Limited, buy the company report.
Recent activity
Preethi Kitchen Appliances Private Limited has 18 board changes on record since 2011: 4 appointments and 14 cessations. The latest: Arulsingh Aruna was appointed as Company Secretary on 31 May 2019.
9 earlier events are in the company report.
News
Frequently asked questions
Preethi Kitchen Appliances 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.
Preethi Kitchen Appliances was a private limited company based in Mumbai, Maharashtra, India. The company worked in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 21 February 2011 and is registered under CIN U36993MH2011PTC213827. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Preethi Kitchen Appliances was incorporated on 21 February 2011. It is registered with the Registrar of Companies, Mumbai.
Preethi Kitchen Appliances had 4 directors and KMP:
- Subramanian Srinivasan - Managing Director
- Sudeep Agrawal - Director
- Rajiv Mathur - Director
- Arulsingh Aruna - Company Secretary
The CIN (Corporate Identification Number) of Preethi Kitchen Appliances is U36993MH2011PTC213827. 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 Preethi Kitchen Appliances is at Raheja Platinum Sag Baug Road Off Andheri Kurla Road Andheri East, Mumbai, Maharashtra, India – 400059.
Preethi Kitchen Appliances can be reached through the website preethi.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Preethi Kitchen Appliances on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 05 July 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Preethi Kitchen Appliances is 27AAFCP8830K1ZZ, registered in Maharashtra. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 21AAFCP8830K1ZB (Odisha), 24AAFCP8830K1Z5 (Gujarat), 29AAFCP8830K1ZV (Karnataka).
Preethi Kitchen Appliances operated in the consumer electronics and durables industry, in the electronics manufacturing segment.
Preethi Kitchen Appliances has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹1,283.09 Cr; the latest was in March 2019.