MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0017327
Proalgen Biotech Limited - food and beverages in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.55 Cr
▼ 15% YoY
Net loss · FY 2024
₹78.86 Lakh
Net margin -22.2%
EBITDA · FY 2024
₹36.97 Lakh
EBITDA margin 10.4%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹11.99 Cr
Issued & subscribed
Open charges
₹6.47 Cr
Satisfied ₹18.69 Cr
Company age
29 yrs
Est. 1997
Directors on board
4
As per MCA filings
About Proalgen Biotech Limited
Data last updated:
Proalgen Biotech Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the flavouring and seasoning additives segment of the food and beverages sector. It was incorporated on 03 March 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24117TN1997PLC037629. Its GSTIN is 33AAACA9351M1ZK (Tamil Nadu).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.99 Cr. It was formerly known as Acl Chemicals Ltd. It is led by directors including Nidamangala Srinivasa Balamukundan (Managing Director) and Kalyanasundaram Krishnan.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.55 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹78.86 Lakh (net margin -22.2%) and EBITDA of ₹36.97 Lakh (EBITDA margin 10.4%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 8% over five years.
The company is associated with 1 brand: Proalgen. As per MCA filings, the company has open charges of ₹6.47 Cr and satisfied charges of ₹18.69 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Proalgen Biotech Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0017327). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website proalgen.com.
Company details
CIN U24117TN1997PLC037629
Registration Number 037629
Incorporation Date 03 March 1997
ROC Chennai
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 Small
Udyam Registration UDYAM-TN-02-0017327
CIN history
Proalgen Biotech has one previous CIN (Corporate Identification Number): L24117TN1997PLC037629. The current CIN is U24117TN1997PLC037629, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24117TN1997PLC037629 | Current |
| L24117TN1997PLC037629 | Previous |
Key People
Nidamangala Srinivasa Balamukundan Managing Director Kalyanasundaram Krishnan Director Nidamangala Srinivasa Venkatesh Director Recognitions & Rankings of Proalgen Biotech
Contact details
Proalgen Biotech Limited's registered office is in Chennai, Tamil Nadu. Its website is proalgen.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNew. No. 8 Old No. 11 6th Cross Street Karpagam Gardens Adya, R, Chennai, Tamil Nadu, India – 600020
- IndustryFood and Beverages, Flavouring & Seasoning Additives
To see the full contact details of Proalgen Biotech Limited, buy the company report.
Comprehensive company report
Proalgen Biotech Limited - one report that includes everything
- 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
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Brands
Proalgen Biotech operates one associated brand: Proalgen. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Proalgen was founded in 2006 and is based in India. | proalgen.com |
Business activity
The main business activities of Proalgen Biotech are manufacturing and professional, scientific and technical. In detail, this covers food, beverages and tobacco products and management consultancy activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Proalgen Biotech Limited, buy the company report.
Financials of Proalgen Biotech Limited
FY 2024 filings availableProalgen Biotech Limited reported revenue of ₹3.55 Cr (down 15% YoY) for FY 2024.
Revenue · FY 2024
₹3.55 Cr ▼ 15%
Net loss · FY 2024
₹78.86 Lakh margin -22.2%
EBITDA · FY 2024
₹36.97 Lakh margin 10.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 11%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▲ 32%
3 years · compounded
▼ 31%
5 years · compounded
▼ 27%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 15% fall in the latest year. EBITDA rose 32% 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 |
|---|---|---|---|---|---|
| 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 | ₹36.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹78.86 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.4% | ||||
| Net Profit Margin | -22.2% | ||||
| 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 Proalgen Biotech Limited, buy the company report.
Board of directors of Proalgen Biotech Limited
Proalgen Biotech has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalyanasundaram Krishnan Also directs: Kavsur Ventures LLP, Ksa Compliance Services Private Limited, Tanqaa Payroll Private Limited and 3 more | Director | 29 Nov 2021 | 4 Years 11 Months | Current |
| Nidamangala Srinivasa Balamukundan Also directs: Bioenergie Solutions India Private Limited, Primero Enserve (India) Private Limited, Yantra Fintech (India) Limited and 1 more | Managing Director | 01 Jan 1998 | 28 Years 10 Months | Current |
| Nidamangala Srinivasa Venkatesh | Director | 10 Jul 1999 | 27 Years 4 Months | Current |
| Ananthanarayanan Manjunath | Director | 29 Feb 2020 | 6 Years 8 Months | Current |
Peer comparison
Proalgen Biotech Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Flavouring and Seasoning Additives), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rich Fine Additives Private Limited | ₹4.09 Cr (FY 2024) | 9.0% | Madanganj Kishangarh, Rajasthan, India | |||
| Miksar Foods Private Limited | ₹4.07 Cr (FY 2025) | 31.0% | Mumbai, Maharashtra, India | |||
| Jalaram Saltchem Private Limited | ₹3.89 Cr (FY 2025) | 76.0% | Jambusar, Gujarat, India | |||
| Vintop Products Private Limited | ₹3.76 Cr (FY 2025) | -4.0% | Bangalore, Karnataka, India | |||
| Proalgen Biotech Limitedthis company | ₹3.55 Cr (FY 2024) | -₹78.86 Lakh | -22.2% | -15.0% | Chennai, Tamil Nadu, India | |
| Shree Raj Salt and Chemical Works Private Limited | ₹3.54 Cr (FY 2024) | -36.0% | Mumbai, Maharashtra, India | |||
| Symbiate Ventures Private Limited | ₹3.45 Cr (FY 2024) | 71.0% | Chennai, Tamil Nadu, India | |||
| Instantina Flavours India Private Limited | ₹3.43 Cr (FY 2025) | 23.0% | Mohali, Punjab, India |
To see the full peer comparison of Proalgen Biotech Limited, buy the company report.
Auditor
Proalgen Biotech Limited is audited by T. RAGHAVENDRAN AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T. RAGHAVENDRAN AND ASSOCIATES | FY 2022 | 012998S |
Shareholding
The shareholding of Proalgen Biotech 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 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Proalgen Biotech Limited, buy the company report.
Charges & borrowings
Open charges
₹6.47 Cr
Satisfied charges
₹18.69 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2009 | 10150696 | Others | ₹4.31 Cr | Open | |
| 08 Apr 2005 | 90290613 | State Bank of India | ₹2.16 Cr | Open | |
| 14 Apr 2005 | 90288117 | Icici Limited | ₹7 Cr | Satisfied | |
| 14 Apr 2005 | 90290619 | Icici Bank Ltd | ₹7 Cr | Satisfied | |
| 30 Jan 2002 | 90286430 | The Vyasya Bank Ltd. | ₹3.79 Cr | Satisfied |
To see the full charge records of Proalgen Biotech Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Proalgen Biotech Limited has 2 court cases on record: 1 filed by Proalgen Biotech, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed by the company against Icici Bank Ltd | Disposed |
| High Court, TAMIL NADU | Civil suit | Filed against the company by Icici Bank Ltd | Disposed |
To see the full case history of Proalgen Biotech 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
Proalgen Biotech Limited has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 1 overdue payment 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 |
|---|---|---|---|
| P.Gopal Chettiar Rolling Works |
To see the full MSME payment records of Proalgen Biotech Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Proalgen Biotech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACA9351M1ZK | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Proalgen Biotech Limited, buy the company report.
Recent activity
Proalgen Biotech Limited has 14 board changes on record since 1998: 4 appointments and 10 cessations. The latest: Kalyanasundaram Krishnan ceased to be Additional Director on 24 Dec 2021.
AGM
Proalgen Biotech Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Proalgen Biotech Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
Kalyanasundaram Krishnan ceased to be Additional Director.
Charges
A charge with State Bank Of India of Rs. 2.16 Cr registered on 08 Apr 2005 with Charge ID 90290613 was modified on 15 Dec 2021.
Appointed
Kalyanasundaram Krishnan was appointed as Director.
Ceased
Ananthanarayanan Manjunath ceased to be Additional Director.
Appointed
Ananthanarayanan Manjunath was appointed as Director.
Ceased
Malaiappan Viswanathan ceased to be Director.
Ceased
Nidamangala Srinivasa Balamukundan ceased to be Director.
Ceased
Richa Sarraf ceased to be Additional Director.
Ceased
Latha Balamukundan ceased to be Additional Director.
Charges
A charge registered on 14 Apr 2005 via Charge ID 90288117 with Icici Limited was fully satisfied on 10 Apr 2017.
20 earlier events are in the company report.
Frequently asked questions
Proalgen Biotech is an active public limited company based in Chennai, Tamil Nadu, India. The company works in flavouring and seasoning additives, within the food and beverages industry. It was incorporated on 03 March 1997 (29+ years old) and is registered under CIN U24117TN1997PLC037629.
Proalgen Biotech has 4 current directors:
- Nidamangala Srinivasa Balamukundan - Managing Director
- Kalyanasundaram Krishnan - Director
- Nidamangala Srinivasa Venkatesh - Director
- Ananthanarayanan Manjunath - Director
The latest financial statements of Proalgen Biotech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Proalgen Biotech is 33AAACA9351M1ZK, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Proalgen Biotech is U24117TN1997PLC037629. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proalgen Biotech has 2 court cases on record: 1 filed by the company and 1 filed against it.
Proalgen Biotech was incorporated on 03 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Proalgen Biotech by revenue are Rich Fine Additives Private Limited, Miksar Foods Private Limited, Jalaram Saltchem Private Limited, Vintop Products Private Limited, Shree Raj Salt and Chemical Works Private Limited and 2 more, all in the Food and Beverages industry (Flavouring and Seasoning Additives), with the same principal business activity (food, beverages and tobacco products).
Kalyanasundaram Krishnan ceased to be Additional Director on 24 Dec 2021. Kalyanasundaram Krishnan was appointed as Director on 29 Nov 2021. Ananthanarayanan Manjunath ceased to be Additional Director on 23 Dec 2020. Proalgen Biotech has 14 board changes on record in total.
Yes, Proalgen Biotech is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0017327).
Proalgen Biotech has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 16 Oct 2023.
Proalgen Biotech can be reached through the website proalgen.com. Its registered office is in Chennai, Tamil Nadu, India.
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