Shri Tradco Deesan Private Limited
About Shri Tradco Deesan Private Limited
Data last updated:
Shri Tradco Deesan Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shri Tradco India Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the staple foods and grains segment of the food and beverages sector. It was incorporated on 17 May 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15400MH2010PTC203313. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹52.59 Cr. It is led by directors including Rakesh Kumar Relan (Irp/Rp/Liquidator) and Nidhi Rajratan Agarwal.
Its last annual general meeting (AGM) was held on 29 October 2022, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 26 Anantwadi 4th Floor Bhuleshwar, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2020, the company reported a revenue of ₹64.22 Cr, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹15.88 Cr (net margin -24.7%) and EBITDA of ₹9.58 Cr (EBITDA margin 14.9%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 22% over five years.
The company has about 278 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹165.76 Cr on record. Court records list 31 cases involving the company, including 8 filed by the company and 23 filed against it; 4 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹52.56 Cr; the latest was in March 2015. Its 8 peer companies in the Food and Beverages industry (Staple Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 4 smaller; the largest is Hari Bhog Foods Private Limited with revenue of ₹64.56 Cr.
Company details
Contact details
Shri Tradco Deesan Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address26 Anantwadi 4th Floor Bhuleshwar, Mumbai, Maharashtra, India – 400002
- IndustryFood and Beverages, Staple Foods & Grains
To see the full contact details of Shri Tradco Deesan 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
Business activity
The main business activity of Shri Tradco Deesan 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 Shri Tradco Deesan Private Limited, buy the company report.
Financials of Shri Tradco Deesan Private Limited
FY 2020 filings availableShri Tradco Deesan Private Limited reported revenue of ₹64.22 Cr (down 83% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 83% fall in the latest year. EBITDA rose 59% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹9.58 Cr | ||||
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| Net Profit (PAT) | -₹15.88 Cr | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | 14.9% | ||||
| Net Profit Margin | -24.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Shri Tradco Deesan Private Limited, buy the company report.
Board of directors of Shri Tradco Deesan Private Limited
Shri Tradco Deesan has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar Relan Also directs: Osrik Resolution Private Limited | Irp/Rp/Liquidator | 16 Nov 2023 | 2 Years 11 Months | As last reported |
| Nidhi Rajratan Agarwal | Director | 17 May 2010 | 16 Years 5 Months | As last reported |
| Rajratan Babulal Agarwal | Director | 17 May 2010 | 16 Years 5 Months | As last reported |
Peer comparison
Shri Tradco Deesan Private Limited is compared with the 8 companies closest to it by revenue in the Food and Beverages industry (Staple Foods), 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 |
|---|---|---|---|---|---|---|
| Hari Bhog Foods Private Limited | ₹64.56 Cr (FY 2025) | 93.0% | Karnal, Haryana, India | |||
| Babadharmaraj Agro Industries Private Limited | ₹64.53 Cr (FY 2025) | 12.0% | Burdwan, West Bengal, India | |||
| Globe Roller Flour Mills Limited | ₹64.39 Cr (FY 2025) | 22.0% | Uttar Pradesh, India | |||
| Himalayan Flour Mill Private Limited | ₹64.24 Cr (FY 2024) | 3.0% | Kolkata, West Bengal, India | |||
| Shri Tradco Deesan Private Limitedthis company | ₹64.22 Cr (FY 2020) | -₹15.88 Cr | -24.7% | -83.0% | 278 | Mumbai, Maharashtra, India |
| Maa Biddeswari Agro Products Private Limited | ₹64.17 Cr (FY 2024) | -21.0% | Balurghat, West Bengal, India | |||
| KKN Realty Private Limited | ₹64.12 Cr (FY 2025) | -10.0% | Jaipur, Rajasthan, India | |||
| Abram Food Limited | ₹64.09 Cr (FY 2025) | 77.0% | New Delhi, Delhi, India | |||
| Madhuram Pulses Private Limited | ₹64 Cr (FY 2025) | 9.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Shri Tradco Deesan Private Limited, buy the company report.
Auditor
Shri Tradco Deesan Private Limited is audited by AAKASH SONI & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AAKASH SONI & ASSOCIATES | FY 2019 | 146070W |
Shareholding
The shareholding of Shri Tradco Deesan Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Shri Tradco Deesan Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2019 | 100256722 | Others | ₹10.14 Cr | Open | |
| 10 Jan 2018 | 100173710 | Hdfc Bank Limited | ₹25 Cr | Open | |
| 19 Jul 2017 | 100115417 | Others | ₹25 Cr | Open | |
| 25 Oct 2012 | 10385215 | State Bank of India | ₹105.62 Cr | Open |
To see the full charge records of Shri Tradco Deesan Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Shri Tradco Deesan Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹52.56 Cr; the latest was in March 2015.
Deals on record (2 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2012 | Funding round | ₹87 Lakh | Investors: Shri Tradco India Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Shri Tradco India Private Limited Seller: 2 individuals |
To see the full deal history of Shri Tradco Deesan 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
Shri Tradco Deesan Private Limited has 31 court cases on record: 8 filed by Shri Tradco Deesan, 23 filed against it. 4 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 5 | 3 |
| NCLAT | 9 | 9 | 1 |
| NCLT | 6 | 6 | 0 |
| High courts | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Dhule, Maharashtra | Commercial suit | Filed by the company against Rawalwasia Textile Industries Private Ltd Through Its Managing Director Etc 2 and 1 other | Pending |
| District court, Dhule, Maharashtra | Commercial suit | Filed by the company against B.G. Shirke Construction Technology Pvt. Ltd. | Pending |
| High Court | Commercial suit | Filed against the company by Bairagra Builders Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Execution petition | Filed against the company by M/S Reynold India Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Interim or miscellaneous application | Filed against the company by Reynold India Pvt Ltd | Disposed |
To see the full case history of Shri Tradco Deesan 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.
Credit ratings & regulatory alerts
Shri Tradco Deesan Private Limited was last rated by Icra on 15 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Dec 2021 |
To see the full credit ratings and regulatory alerts of Shri Tradco Deesan Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shri Tradco Deesan Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shri Tradco Deesan Private Limited has a workforce of 278 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Shri Tradco Deesan has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Shri Tradco Deesan Private Limited, buy the company report.
Recent activity
Shri Tradco Deesan Private Limited has 4 board changes on record since 2010: 3 appointments and 1 cessation. The latest: Harshad Shamkant Deshpande ceased to be Irp/Rp/Liquidator on 16 Nov 2023.
3 earlier events are in the company report.
Frequently asked questions
Shri Tradco Deesan is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Shri Tradco Deesan is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 17 May 2010 and is registered under CIN U15400MH2010PTC203313. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shri Tradco Deesan has 3 current directors:
- Nidhi Rajratan Agarwal - Director
- Rajratan Babulal Agarwal - Director
- Rakesh Kumar Relan - Irp/Rp/Liquidator
The latest financial statements of Shri Tradco Deesan on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 29 October 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shri Tradco Deesan is U15400MH2010PTC203313. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shri Tradco Deesan has open charges of ₹165.76 Cr and no satisfied charges on record as per latest MCA filings.
Shri Tradco Deesan has 31 court cases on record: 8 filed by the company and 23 filed against it. 4 are pending. Most are in the district courts.
Shri Tradco Deesan was incorporated on 17 May 2010. It is registered with the Registrar of Companies, Mumbai.
Shri Tradco Deesan has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹52.56 Cr; the latest was in March 2015.
The peers of Shri Tradco Deesan by revenue are Hari Bhog Foods Private Limited, Babadharmaraj Agro Industries Private Limited, Globe Roller Flour Mills Limited, Himalayan Flour Mill Private Limited, Maa Biddeswari Agro Products Private Limited and 3 more, all in the Food and Beverages industry (Staple Foods), with the same principal business activity (food, beverages and tobacco products).
Harshad Shamkant Deshpande ceased to be Irp/Rp/Liquidator on 16 Nov 2023. Rakesh Kumar Relan was appointed as Irp/Rp/Liquidator on 16 Nov 2023. Nidhi Rajratan Agarwal was appointed as Director on 17 May 2010. Shri Tradco Deesan has 4 board changes on record in total.
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