About Sort India Enviro Solutions Limited
Data last updated:
Sort India Enviro Solutions Limited is a public limited company based in Vadodara, Gujarat, India. 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 waste management and recycling solutions segment of the environmental services sector. It was incorporated on 19 January 2010.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U90000GJ2010PLC059257. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Sort India Enviro Soultions Private Limited and Sort India Enviro Solutions Private Limited. It is led by directors including Paresh Tulsidas Parekh and Manish Gopalbhai Patel.
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 Shankarwadi Nearshastribridge Navayardroad Fatejgunj, Vadodara, Gujarat, India – 390002.
As per the financials filed for FY 2016, the company reported a revenue of ₹91.36 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹78.93 Lakh (net margin 0.9%) and EBITDA of ₹7.39 Cr (EBITDA margin 8.1%).
The company has about 29 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹31.36 Cr and satisfied charges of ₹10.98 Cr on record. Court records list 101 cases involving the company, including 13 filed by the company and 88 filed against it; 9 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹20 Lakh; the latest was in July 2014. Its 3 peer companies in the Cleantech industry (Database Management, Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services) are compared by revenue, 2 larger and 1 smaller; the largest is Chennai MSW Private Limited with revenue of ₹110.61 Cr.
The last known website on record is pastiwala.com.
Company details
Name history
Sort India Enviro Solutions has undergone 2 name changes throughout its history. The company was previously known as Sort India Enviro Soultions Private Limited, and Sort India Enviro Solutions Private Limited. The current legal name is Sort India Enviro Solutions Limited.
| Company Name | Status |
|---|---|
| Sort India Enviro Solutions Limited | Current |
| Sort India Enviro Soultions Private Limited | Previous |
| Sort India Enviro Solutions Private Limited | Previous |
CIN history
Sort India Enviro Solutions has one previous CIN (Corporate Identification Number): U90000GJ2010PTC059257. The current CIN is U90000GJ2010PLC059257, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U90000GJ2010PLC059257 | Current |
| U90000GJ2010PTC059257 | Previous |
Contact details
Sort India Enviro Solutions Limited's registered office is in Vadodara, Gujarat. Its website is pastiwala.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressShankarwadi Nearshastribridge Navayardroad Fatejgunj, Vadodara, Gujarat, India – 390002
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Sort India Enviro Solutions 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 Sort India Enviro Solutions is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Sort India Enviro Solutions Limited, buy the company report.
Financials of Sort India Enviro Solutions Limited
FY 2015 filings availableSort India Enviro Solutions Limited reported revenue of ₹91.36 Cr (up 58% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 58% in the latest year. EBITDA rose 20% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹91.36 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹7.39 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹78.93 Lakh | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 8.1% | |
| Net Profit Margin | 0.9% | |
| 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 Sort India Enviro Solutions Limited, buy the company report.
Board of directors of Sort India Enviro Solutions Limited
Sort India Enviro Solutions has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Tulsidas Parekh Also directs: Gain Finserve LLP, Vanik Industries Limited, Surat Recycling (India) Limited and 5 more | Director | 19 Jan 2010 | 16 Years 9 Months | As last reported |
| Manish Gopalbhai Patel Also directs: Vanik Industries Limited, Surat Recycling (India) Limited, R On Enterprise Private Limited and 4 more | Director | 19 Jan 2010 | 16 Years 9 Months | As last reported |
| Janmejay Vamanrao Moghe | Additional Director | 03 Jan 2017 | 9 Years 9 Months | As last reported |
Peer comparison
Sort India Enviro Solutions Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Database Management, Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chennai MSW Private Limited | ₹110.61 Cr (FY 2025) | -2.0% | Hyderabad, Telangana, India | |||
| Re Sustainability Solutions Private Limited | ₹110.04 Cr (FY 2025) | -53.0% | Hyderabad, Telangana, India | |||
| J.S. Enviro Services Private Limited | ₹107.78 Cr (FY 2025) | 137.0% | New Delhi, Delhi, India | |||
| Sort India Enviro Solutions Limitedthis company | ₹91.36 Cr (FY 2016) | ₹78.93 Lakh | 0.9% | 58.0% | 29 | Vadodara, Gujarat, India |
To see the full peer comparison of Sort India Enviro Solutions Limited, buy the company report.
Auditor
Sort India Enviro Solutions Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS | FY 2016 | 117364W |
Shareholding
The shareholding of Sort India Enviro Solutions Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Sort India Enviro Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 May 2016 | 100030489 | Others | ₹27.2 Cr | Open | |
| 19 Dec 2014 | 10543655 | The South Indian Bank Limited | ₹3.35 Cr | Open | |
| 31 Jul 2014 | 10511701 | Intec Capital Limited | ₹81.32 Lakh | Open | |
| 14 Jul 2014 | 10511808 | Indusind Bank Limited | ₹5 Cr | Satisfied | |
| 09 Jan 2013 | 10425513 | State Bank of India | ₹4.98 Cr | Satisfied |
To see the full charge records of Sort India Enviro Solutions Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Sort India Enviro Solutions Limited has 4 deals on record (2 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹20 Lakh; the latest was in July 2014.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2014 | Acquisition | ₹23 Cr | Buyer: Agnus Capital |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2010 | Funding round | ₹20 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sort India Enviro Solutions Limited has 101 court cases on record: 13 filed by Sort India Enviro Solutions, 88 filed against it. 9 cases are pending and 92 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 87 | 86 | 5 |
| NCLT | 14 | 2 | 4 |
Cases on record (5 of 101)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Sort India Transport Pvt. Ltd. and 4 others | Pending |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed against the company by Shriram Transport Finance Ltd-Harpalsinh Hitendrasinh Gohel | Disposed |
| District court, Vadodara, Gujarat | Court case (EXE R) | Filed against the company by Hinduja Leyland Finance Limited | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Shriram Transport Finance Ltd-Harpalsinh Hitendrasinh Gohel | Disposed |
| District court, South East, Delhi | Court case (T.P. CRL) | Filed by the company against M/S Intec Capital Ltd. | Disposed |
To see the full case history of Sort India Enviro Solutions 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 Sort India Enviro Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sort India Enviro Solutions has 1 subsidiary company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Surat Recycling (India) Limited | U37100GJ2013PLC076125 |
To see the full group structure of Sort India Enviro Solutions Limited, buy the company report.
Employees & EPFO
Sort India Enviro Solutions Limited has a workforce of 29 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Sort India Enviro Solutions 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 Sort India Enviro Solutions Limited, buy the company report.
Recent activity
Sort India Enviro Solutions Limited has 8 board changes on record since 2010: 3 appointments and 5 cessations. The latest: Janmejay Vamanrao Moghe ceased to be Additional Director on 31 May 2017.
10 earlier events are in the company report.
Frequently asked questions
Sort India Enviro Solutions 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.
Sort India Enviro Solutions is a company under liquidation, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 19 January 2010 and is registered under CIN U90000GJ2010PLC059257. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sort India Enviro Solutions has 3 current directors:
- Paresh Tulsidas Parekh - Director
- Manish Gopalbhai Patel - Director
- Janmejay Vamanrao Moghe - Additional Director
The latest financial statements of Sort India Enviro Solutions 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 Sort India Enviro Solutions is U90000GJ2010PLC059257. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sort India Enviro Solutions has open charges of ₹31.36 Cr and satisfied charges of ₹10.98 Cr as per latest MCA filings.
Sort India Enviro Solutions has 101 court cases on record: 13 filed by the company and 88 filed against it. 9 are pending. Most are in the district courts.
Sort India Enviro Solutions was incorporated on 19 January 2010. It is registered with the Registrar of Companies, Ahmedabad.
Sort India Enviro Solutions has 4 deals on record (2 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹20 Lakh; the latest was in July 2014.
The peers of Sort India Enviro Solutions by revenue are Chennai MSW Private Limited, Re Sustainability Solutions Private Limited, J.S. Enviro Services Private Limited, all in the Cleantech industry (Database Management, Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services).
Janmejay Vamanrao Moghe ceased to be Additional Director on 31 May 2017. Aashutosh Mahavir Magdum ceased to be Whole-Time Director on 03 Jan 2017. Janmejay Vamanrao Moghe was appointed as Additional Director on 03 Jan 2017. Sort India Enviro Solutions has 8 board changes on record in total.