About Radikal Foods Limited
Data last updated:
Radikal Foods Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Radikal Global Foods (India) Private Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the staple foods and grains segment of the food and beverages sector. It was incorporated on 19 June 2009.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U15122DL2009PLC191397. The company has 15 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.96 Cr. It was formerly known as Radikal Overseas Private Limited and Radikal Foods Private Limited. It is led by directors including Sanik Rewani and Mangtu Ram.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at B – 1 Ground Floor, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2017, the company reported a revenue of ₹11,093, a decline of 83% compared to the previous year. For the same year it recorded a net profit of ₹74.44 Cr.
The company is associated with 1 brand: Radikal. As per MCA filings, the company has open charges of ₹1,109.15 Cr and satisfied charges of ₹351.7 Cr on record. Court records list 87 cases involving the company, including 31 filed by the company and 56 filed against it; 12 cases are pending. The company has 13 deals on record (10 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹333.25 Cr; the latest was in August 2014.
The last known website on record is radikalway.com.
Company details
Name history
Radikal Foods has undergone 2 name changes throughout its history. The company was previously known as Radikal Overseas Private Limited, and Radikal Foods Private Limited. The current legal name is Radikal Foods Limited.
| Company Name | Status |
|---|---|
| Radikal Foods Limited | Current |
| Radikal Overseas Private Limited | Previous |
| Radikal Foods Private Limited | Previous |
CIN history
Radikal Foods has one previous CIN (Corporate Identification Number): U15122DL2009PTC191397. The current CIN is U15122DL2009PLC191397, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15122DL2009PLC191397 | Current |
| U15122DL2009PTC191397 | Previous |
Contact details
Radikal Foods Limited's registered office is in New Delhi, Delhi.
- Registered AddressB – 1 Ground Floor, New Delhi, Delhi, India – 110017
- IndustryFood and Beverages, Staple Foods & Grains
- 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
Radikal Foods operates one associated brand: Radikal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Processed Basmati rice products are manufactured in Delhi. | radikalway.com |
Business activity
The main business activity of Radikal Foods is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Radikal Foods Limited, buy the company report.
Financials of Radikal Foods Limited
FY 2015 filings availableRadikal Foods Limited reported revenue of ₹11,093 (down 83% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 83% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
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| Net Profit (PAT) | ₹74.44 Cr | ||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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To see the full financial statements and ratios of Radikal Foods Limited, buy the company report.
Board of directors and KMP of Radikal Foods Limited
Radikal Foods Limited currently reports 3 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanik Rewani | Director | 17 Feb 2018 | 8 Years 8 Months | As last reported |
| Mangtu Ram Also directs: Radikal Agrotech Private Limited, Radikal Impex Private Limited | Director | 07 Feb 2018 | 8 Years 9 Months | As last reported |
| Prerna Mittal Also directs: Om Stuti Puja Samagri Private Limited | Company Secretary | 17 Aug 2015 | 11 Years 2 Months | As last reported |
| Shimbhu Lal Also directs: Radikal Agrotech Private Limited, Radikal Impex Private Limited | Director | 17 Feb 2018 | 8 Years 8 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Oct 2015 | 10604476 | Uco Bank | ₹33 Cr | Open | |
| 01 Oct 2015 | 10602483 | The Catholic Syrian Bank Ltd | ₹6.15 Cr | Open | |
| 09 May 2015 | 10572543 | State Bank of Travancore | ₹94 Cr | Open | |
| 31 Mar 2015 | 10577835 | State Bank of Bikaner and Jaipur | ₹62 Cr | Open | |
| 27 Mar 2015 | 10557563 | State Bank of Hyderabad | ₹101 Cr | Open |
To see the full charge records of Radikal Foods Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Radikal Foods Limited has 13 deals on record (10 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹333.25 Cr; the latest was in August 2014.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2014 | Funding round | ₹60.44 Cr | Investors: Radikal Global Foods (India) Private Limited |
| May 2014 | Funding round | ₹51.05 Cr | Investors: Minarva Vyapaar Private Limited. , Radikal Global Foods (India) Private Limited |
| Mar 2014 | Acquisition | ₹166.94 Cr | Buyer: Radikal Global Foods (India) Private Limited Seller: Radikal International Private Limited , Kundan Commercial Private Limited , Tirumala Vanijya Private Limited |
| Aug 2013 | Funding round | ₹32 Cr | Investors: Tirumala Vanijya Private Limited , Radikal International Private Limited , Kundan Commercial Private Limited |
| Jan 2013 | Funding round | ₹23.5 Cr | Investors: Kundan Commercial Private Limited , Radikal International Private Limited , Minarva Vyapaar Private Limited. |
To see the full deal history of Radikal Foods 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
Radikal Foods Limited has 87 court cases on record: 31 filed by Radikal Foods, 56 filed against it. 12 cases are pending and 75 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 53 | 36 | 7 |
| High courts | 34 | 20 | 5 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Meerut, Uttar Pradesh | Court case (Original Suit) | Filed against the company by Vandana Packaging Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Kris Flexipacks Pvt Ltd | Disposed |
| District court, West, Delhi | Court case (MCA DJ) | Filed by the company against M/S Arrow PC Network P. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Kris Flexipacks Pvt Ltd | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed against the company by Vandana Packaging Pvt. Ltd. | Disposed |
To see the full case history of Radikal Foods 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
Radikal Foods Limited was last rated by Icra on 10 Apr 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 10 Apr 2015 |
To see the full credit ratings and regulatory alerts of Radikal Foods Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Radikal Foods Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Radikal Foods has 15 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Radikal Foods Limited, buy the company report.
Recent activity
Radikal Foods Limited has 14 board changes on record since 2009: 4 appointments and 10 cessations. The latest: Anju Chaudhary ceased to be Director on 17 Feb 2018.
40 earlier events are in the company report.
Frequently asked questions
Radikal Foods is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Radikal Foods is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 19 June 2009 and is registered under CIN U15122DL2009PLC191397. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Radikal Foods has 4 current directors and KMP:
- Sanik Rewani - Director
- Mangtu Ram - Director
- Shimbhu Lal - Director
- Prerna Mittal - Company Secretary
The latest financial statements of Radikal Foods on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Radikal Foods is U15122DL2009PLC191397. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Radikal Foods has open charges of ₹1,109.15 Cr and satisfied charges of ₹351.7 Cr as per latest MCA filings.
Radikal Foods has 87 court cases on record: 31 filed by the company and 56 filed against it. 12 are pending. Most are in the district courts.
Radikal Foods was incorporated on 19 June 2009. It is registered with the Registrar of Companies, Delhi.
Radikal Foods has 13 deals on record (10 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹333.25 Cr; the latest was in August 2014.
Anju Chaudhary ceased to be Director on 17 Feb 2018. Sanik Rewani was appointed as Director on 17 Feb 2018. Shimbhu Lal was appointed as Director on 17 Feb 2018. Radikal Foods has 14 board changes on record in total.
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