- Udyam number
- UDYAM-TS-02-0001620

About Sipul Enterprises Limited
Data last updated:
Sipul Enterprises Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 10 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74110TG2012PLC080175. Its GSTIN is 36AARCS5135Q2ZG (Telangana). The company holds 8 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹4.44 Cr. It was formerly known as Shah Motilal India Limited and Shah Motilal Global Limited. It is led by directors including Apra Sharma and Rajesh Gandhi.
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 Plot No.57 Text Book Colony Secunderabad, Hyderabad, Telangana, India – 500009.
As per the financials filed for FY 2025, the company reported a revenue of ₹184.32 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net profit of ₹59.95 Lakh (net margin 0.3%) and EBITDA of ₹3.58 Cr (EBITDA margin 1.9%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 12% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shah Motilal Foods. As per MCA filings, the company has open charges of ₹28.58 Cr and satisfied charges of ₹75.17 Cr on record. Court records list 15 cases involving the company, including 10 filed by the company and 5 filed against it; 4 cases are pending.
Sipul Enterprises Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TS-02-0001620). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milkpartners.in.
Company details
Name history
Sipul Enterprises has undergone 4 name changes throughout its history. The current legal name is Sipul Enterprises Limited.
| Company Name | Status |
|---|---|
| Sipul Enterprises Limited | Current |
| Shah Motilal India Limited | Previous |
| Shah Motilal Global Limited | Previous |
| Shah Motilal Foods Limited | Previous |
| Shah Motiilal Foods Limited | Previous |
CIN history
Sipul Enterprises has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74110TG2012PLC080175, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110TG2012PLC080175 | Current |
| U15400TG2012PLC080175 | Previous |
| U15400AP2012PLC080175 | Previous |
Recognitions & Rankings of Sipul Enterprises
Contact details
Sipul Enterprises Limited's registered office is in Hyderabad, Telangana. Its website is milkpartners.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.57 Text Book Colony Secunderabad, Hyderabad, Telangana, India – 500009
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Sipul Enterprises 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
Sipul Enterprises operates one associated brand: Shah Motilal Foods. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures, exports, and supplies dairy products. | milkpartners.in |
Business activity
The main business activity of Sipul Enterprises is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sipul Enterprises Limited, buy the company report.
Financials of Sipul Enterprises Limited
FY 2024 filings availableSipul Enterprises Limited reported revenue of ₹184.32 Cr (down 65% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 65% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA rose 287% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹59.95 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sipul Enterprises Limited, buy the company report.
Board of directors of Sipul Enterprises Limited
Sipul Enterprises has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhaker Reddy Aedla Also directs: Code-H Marketing Solutions Private Limited | Additional Director | 01 Sep 2019 | 7 Years 1 Months | Current |
| Apra Sharma Also directs: Rajnish Retail Limited, Esquire Money Guarantees Ltd, Swagtam Trading and Services Limited and 4 more | Director | 30 Jun 2023 | 3 Years 4 Months | Current |
| Rajesh Gandhi Also directs: Flora Corporation Limited, Seshachal Technologies Limited, Virgo Global Limited and 5 more | Director | 10 Apr 2012 | 14 Years 6 Months | Current |
| Leena Narang Also directs: Riseorbit Foundation | Additional Director | 11 Sep 2025 | 1 Years 1 Months | Current |
Auditor
Sipul Enterprises Limited is audited by Sharad Chandra Toshniwal & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sharad Chandra Toshniwal & Co | FY 2023 | 015888S |
Shareholding
The shareholding of Sipul Enterprises 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 Sipul Enterprises Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2023 | 100757304 | State Bank of India | ₹10 Cr | Open | |
| 11 Feb 2022 | 100541650 | Karnataka Bank Ltd. | ₹17 Cr | Open | |
| 15 Dec 2016 | 100115155 | Others | ₹4.5 Lakh | Open | |
| 26 Oct 2016 | 100069415 | Axis Bank Limited | ₹22.8 Lakh | Open | |
| 30 Nov 2013 | 10468056 | Hdfc Bank Limited | ₹57.68 Lakh | Open |
To see the full charge records of Sipul Enterprises Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Sipul Enterprises Limited has 15 court cases on record: 10 filed by Sipul Enterprises, 5 filed against it. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 1 | 2 |
| District courts | 3 | 1 | 0 |
| NCLAT | 3 | 3 | 2 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Equilibrated Venture Cflow Private Limited | Pending |
| NCLAT, Court III | Tribunal matter | Filed against the company by Equilibrated Venture Cflow Private Limited | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against M/S.Taruni Dairy Products Pvt. Ltd.,1 and 13 others | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Additional Commissioner of Central Tax Delhi & Ors. | Pending |
| High Court | Court case (MFA) | Filed against the company by individuals | Pending |
To see the full case history of Sipul Enterprises 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
Sipul Enterprises Limited was last rated by Crisil on 27 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Oct 2020 |
To see the full credit ratings and regulatory alerts of Sipul Enterprises Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sipul Enterprises Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sipul Enterprises has 8 GST registrations: 1 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AARCS5135Q2ZG | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sipul Enterprises Limited, buy the company report.
Recent activity
Sipul Enterprises Limited has 13 board changes on record since 2012: 4 appointments and 9 cessations. The latest: Leena Narang was appointed as Additional Director on 11 Sep 2025.
27 earlier events are in the company report.
Frequently asked questions
Sipul Enterprises is an active public limited company based in Hyderabad, Telangana, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 10 April 2012 (14+ years old) and is registered under CIN U74110TG2012PLC080175.
Sipul Enterprises has 4 current directors:
- Prabhaker Reddy Aedla - Additional Director
- Apra Sharma - Director
- Rajesh Gandhi - Director
- Leena Narang - Additional Director
The latest financial statements of Sipul Enterprises 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 Sipul Enterprises is 36AARCS5135Q2ZG, registered in Telangana. The company has 8 GST registrations in all, of which 1 is active and 7 are cancelled or inactive.
The CIN (Corporate Identification Number) of Sipul Enterprises is U74110TG2012PLC080175. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sipul Enterprises has 15 court cases on record: 10 filed by the company and 5 filed against it. 4 are pending. Most are in the high courts.
Sipul Enterprises was incorporated on 10 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Hyderabad.
Leena Narang was appointed as Additional Director on 11 Sep 2025. Apra Sharma ceased to be Additional Director on 29 Sep 2023. Swati Jain ceased to be Additional Director on 01 Jul 2023. Sipul Enterprises has 13 board changes on record in total.
Yes, Sipul Enterprises is registered as an MSME under Udyam registration (number: UDYAM-TS-02-0001620).
Sipul Enterprises can be reached through the website milkpartners.in. Its registered office is in Hyderabad, Telangana, India.

