About Straddle Industries Private Limited
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Straddle Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 06 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2014PTC253904. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.53 Cr. It was formerly known as Avichal Multitrade Private Limited. It is led by directors Prafulla Subhashchandra Bhat and Waris Yakub.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Unit No. 906 Jay Antariksh 13 /14 Andheri Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2018, the company reported a revenue of ₹175.74 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.01 Cr (net margin 0.6%) and EBITDA of ₹3.93 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years.
As per MCA filings, the company has open charges of ₹14 Cr and satisfied charges of ₹14 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending. The company has 6 deals on record (4 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in May 2017. Its 6 peer companies in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 3 smaller; the largest is Psav Global Tech Private Limited with revenue of ₹177.46 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website straddle.co.in.
Company details
Contact details
Straddle Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is straddle.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No. 906 Jay Antariksh 13 /14 Andheri Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400059
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Straddle Industries 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 Straddle Industries 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 Straddle Industries Private Limited, buy the company report.
Financials of Straddle Industries Private Limited
FY 2018 filings availableStraddle Industries Private Limited reported revenue of ₹175.74 Cr (up 7% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over three years, including 7% growth in the latest year. EBITDA rose 115% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹175.74 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹3.93 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.01 Cr | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.2% | |||
| Net Profit Margin | 0.6% | |||
| 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 Straddle Industries Private Limited, buy the company report.
Board of directors of Straddle Industries Private Limited
Straddle Industries has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Waris Yakub | Additional Director | 30 May 2019 | 7 Years 4 Months | Current |
| Prafulla Subhashchandra Bhat Also directs: CKP Leisure Limited, CKP Products Limited, Primitus Industries Private Limited and 3 more | Director | 22 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Straddle Industries Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Psav Global Tech Private Limited | ₹177.46 Cr (FY 2025) | -52.0% | Noida, Uttar Pradesh, India | |||
| Ikon Technologies India Private Limited | ₹176.45 Cr (FY 2024) | 0.0% | Hyderabad, Telangana, India | |||
| Filatech Corporation Private Limited | ₹175.84 Cr (FY 2025) | 74.0% | Gurgaon, Haryana, India | |||
| Straddle Industries Private Limitedthis company | ₹175.74 Cr (FY 2018) | ₹1.01 Cr | 0.6% | 7.0% | Mumbai, Maharashtra, India | |
| Pragyan Metals Private Limited | ₹171.1 Cr (FY 2025) | 220.0% | New Delhi, Delhi, India | |||
| Mondal Distribution Private Limited | ₹171 Cr (FY 2025) | 25.0% | Dist-Murshidabad, West Bengal, India | |||
| Swiftcom Convergence Devices Private Limited | ₹170.39 Cr (FY 2025) | 36.0% | Guwahati, Assam, India |
To see the full peer comparison of Straddle Industries Private Limited, buy the company report.
Auditor
Straddle Industries Private Limited is audited by RITESH BURAD & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RITESH BURAD & CO | FY 2018 | 117936W |
Shareholding
The shareholding of Straddle Industries Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Straddle Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2018 | 100181609 | Others | ₹14 Cr | Open | |
| 27 Jun 2017 | 100106132 | State Bank of India | ₹14 Cr | Satisfied |
To see the full charge records of Straddle Industries Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Straddle Industries Private Limited has 6 deals on record (4 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in May 2017.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2017 | Funding round | ₹2 Cr | Investors: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2016 | Acquisition | ₹1.72 Cr | Buyer: an individual |
To see the full deal history of Straddle Industries 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
Straddle Industries Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Deputycommissioner of Income Tax | Pending |
To see the full case history of Straddle Industries 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
Straddle Industries Private Limited was last rated by Indiarating on 28 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 28 May 2021 |
To see the full credit ratings and regulatory alerts of Straddle Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Straddle Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Straddle Industries 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 Straddle Industries Private Limited, buy the company report.
Recent activity
Straddle Industries Private Limited has 17 board changes on record since 2014: 2 appointments and 15 cessations. The latest: Waris Yakub was appointed as Additional Director on 30 May 2019.
11 earlier events are in the company report.
Frequently asked questions
Straddle Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 06 March 2014 (12+ years old) and is registered under CIN U74999MH2014PTC253904.
Straddle Industries has 2 current directors:
- Waris Yakub - Additional Director
- Prafulla Subhashchandra Bhat - Director
The latest financial statements of Straddle Industries on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Straddle Industries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Straddle Industries is U74999MH2014PTC253904. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Straddle Industries has 2 court cases on record: 2 filed against it. 2 are pending.
Straddle Industries was incorporated on 06 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Straddle Industries has 6 deals on record (4 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in May 2017.
The peers of Straddle Industries by revenue are Psav Global Tech Private Limited, Ikon Technologies India Private Limited, Filatech Corporation Private Limited, Pragyan Metals Private Limited, Mondal Distribution Private Limited and 1 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Waris Yakub was appointed as Additional Director on 30 May 2019. Prafulla Subhashchandra Bhat ceased to be Additional Director on 29 Sep 2018. Chanakya Arvind Dhanda ceased to be Additional Director on 31 Mar 2018. Straddle Industries has 17 board changes on record in total.
Straddle Industries can be reached through the website straddle.co.in. Its registered office is in Mumbai, Maharashtra, India.