About Synthite Industries Private Limited
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Synthite Industries Private Limited is a private limited company based in Kolenchery, Kerala, India. It operates in the flavouring and seasoning additives segment of the food and beverages sector. It was incorporated on 23 July 1970 and has been in existence for over 56 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U24299KL1970PTC002294. Its GSTIN is 32AADCS5616E1ZQ (Kerala). The company holds 16 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹1.05 Cr. It was formerly known as Synthite Industries Limited. It is led by directors including Aju Jacob (Managing Director) and Varghese Jacob (Whole-Time Director).
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Synthite Corporate House VIII 683 – A Kadayirippu, Kolenchery, Kerala, India – 682311.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,122.55 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹194.23 Cr (net margin 6.2%) and EBITDA of ₹433.85 Cr (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 13% over five years.
The company has about 1,638 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 3 brands: Paul And Mike, Natxtra and Synthite Industries. As per MCA filings, the company has open charges of ₹1,177.71 Cr and satisfied charges of ₹769.12 Cr on record. Court records list 238 cases involving the company, including 146 filed by the company and 93 filed against it; 87 cases are pending. The company has 12 deals on record (12 secondary share transfers); the latest was in July 2024. Its 6 peer companies in the Food and Beverages industry (Flavouring and Seasoning Additives, Spices), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 4 smaller; the largest is Tata Consumer Products Limited with revenue of ₹17,812 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2021, listing 68 overdue payments to 38 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website synthite.com.
Company details
Name history
Synthite Industries has undergone 4 name changes throughout its history. The current legal name is Synthite Industries Private Limited.
| Company Name | Status |
|---|---|
| Synthite Industries Private Limited | Current |
| Synthite Industries Limited | Previous |
| Synthite Industrial Chemicals Private Limited | Previous |
| Synthite Industrial Chemicals Limited | Previous |
CIN history
Synthite Industries has one previous CIN (Corporate Identification Number): U24299KL1970PLC002294. The current CIN is U24299KL1970PTC002294, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24299KL1970PTC002294 | Current |
| U24299KL1970PLC002294 | Previous |
Contact details
Synthite Industries Private Limited's registered office is in Kolenchery, Kerala. Its website is synthite.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSynthite Corporate House VIII 683 – A Kadayirippu, Kolenchery, Kerala, India – 682311
- IndustryFood and Beverages, Flavouring & Seasoning Additives
To see the full contact details of Synthite 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
Brands
Synthite Industries operates multiple associated brands including Paul And Mike, Natxtra, and Synthite Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Runs a direct-to-consumer brand for chocolates. | paulandmike.co | |
| Natural supplements for health and wellness are offered by Natxtra in India. | natxtra.com | |
| Manufacturer and exporter of spice oleoresins and essential oils | synthite.com |
Business activity
The main business activities of Synthite Industries are manufacturing, accommodation and food service and real estate. In detail, this covers food, beverages and tobacco products, accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc. and real estate activities with own or leased property. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | |
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Synthite Industries Private Limited, buy the company report.
Financials of Synthite Industries Private Limited
FY 2025 filings availableSynthite Industries Private Limited reported revenue of ₹3,122.55 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 21% growth in the latest year. EBITDA rose 40% 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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| Total Expenses | |||||
| EBITDA | ₹433.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹194.23 Cr | ||||
| Balance Sheet | |||||
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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 | 13.9% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Synthite Industries Private Limited, buy the company report.
Board of directors of Synthite Industries Private Limited
Synthite Industries has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paolo George Also directs: Herbal Isolates Pvt Ltd, Zenriva Brands Private Limited, Synthite Exports Limited and 5 more | Director | 27 Nov 2019 | 6 Years 10 Months | Current |
| Jacob Ninan Modayil Also directs: Herbal Isolates Pvt Ltd, Zenriva Brands Private Limited, Pure Spaces Hospitality Private Limited and 1 more | Director | 01 Nov 2021 | 4 Years 11 Months | Current |
| Aju Jacob Also directs: Zenriva Brands Private Limited, Pure Spaces Hospitality Private Limited, Algavista Greentech Private Limited and 5 more | Managing Director | 01 Oct 2007 | 19 Years 0 Months | Current |
| Varghese Jacob Also directs: Viju's Green Pastures Private Limited, Herbal Isolates Pvt Ltd, Zenriva Brands Private Limited and 5 more | Whole-Time Director | 01 Oct 2007 | 19 Years 0 Months | Current |
| Ashok Mani Also directs: Zenriva Brands Private Limited, Pure Spaces Hospitality Private Limited, Intergrow Brands Private Limited and 2 more | Director | 05 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
Synthite Industries Private Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Flavouring and Seasoning Additives, Spices), 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 |
|---|---|---|---|---|---|---|
| Tata Consumer Products Limited | ₹17,812 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India | |||
| Everest Food Products Private Limited | ₹3,847.33 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Synthite Industries Private Limitedthis company | ₹3,122.55 Cr (FY 2025) | ₹194.23 Cr | 6.2% | 21.0% | 1,638 | Kolenchery, Kerala, India |
| Mahashian Di Hatti Private Limited | ₹3,053.39 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Tata Coffee Limited | ₹2,879.56 Cr (FY 2023) | 21.0% | Karnataka, India | |||
| International Flavours & Fragrances India Private Limited | ₹2,568.46 Cr (FY 2025) | 12.0% | Chennai, Tamil Nadu, India | |||
| Orkla India Limited | ₹2,455.24 Cr (FY 2025) | 3.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Synthite Industries Private Limited, buy the company report.
Auditor
Synthite Industries Private Limited is audited by Elias George & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Elias George & Co | FY 2024 | 000801S |
Shareholding
The shareholding of Synthite Industries Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Synthite Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Oct 2025 | 101177840 | The Hongkong and Shanghai Banking Corporation Limited | ₹130 Cr | Open | |
| 21 May 2025 | 101099735 | Others | ₹35.94 Lakh | Open | |
| 13 May 2025 | 101113994 | Others | ₹1.45 Cr | Open | |
| 26 Mar 2025 | 101099737 | Others | ₹94.83 Lakh | Open | |
| 27 Feb 2025 | 101073263 | Others | ₹99.52 Lakh | Open |
To see the full charge records of Synthite Industries Private Limited, buy the company report.
Total charge records: 47 View all charges
Deals & funding
Synthite Industries Private Limited has 12 deals on record (12 secondary share transfers); the latest was in July 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Sep 2023 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Synthite Exports Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Synthite Exports Limited Seller: 2 individuals |
| Aug 2013 | Secondary share transfer | Undisclosed | Buyer: Synthite Exports Limited Seller: 4 individuals |
To see the full deal history of Synthite 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
Synthite Industries Private Limited has 238 court cases on record: 146 filed by Synthite Industries, 93 filed against it. 87 cases are pending and 151 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 144 | 29 | 43 |
| District courts | 78 | 52 | 37 |
| Supreme Court | 8 | 8 | 0 |
| NCLAT | 7 | 3 | 7 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 238)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by Ecoveplus Waste Management Private Limited | Pending |
| District court, Ernakulam, Kerala | Appeal | Filed against the company by THS Leisure and Entertainments Pvt.Ltd. | Pending |
| Madras High Court | Court case (C.S(COMM DIV)) | Filed by the company against The National Insurance Company Limited | Pending |
| High Court | Appeal | Filed against the company by Intergrow Brands Pvt. Ltd and 1 other | Pending |
| NCLAT, Court I | Tribunal matter | Filed by the company against 3A Capital Services Ltd. and 7 others | Pending |
To see the full case history of Synthite 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
Synthite Industries Private Limited was last rated by Crisil on 01 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 01 Oct 2021 |
To see the full credit ratings and regulatory alerts of Synthite Industries Private Limited, buy the company report.
MSME payment delays
Synthite Industries Private Limited has 6 MSME Form 1 returns on record between 2019 and 2021, listing 68 overdue payments to 38 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 38)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Agnext Technologies Private Limited | |||
| Leaap International Private Limited | |||
| S S Enterprises | |||
| A. G. Belting Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Synthite Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Synthite Industries has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Synthite Infrastructure Projects Private Limited | U40100KL2020PTC062031 | |
| Sijmak Exports Private Limited | U51900KL2015PTC039396 | |
| Synthite Projects (Cochin) Private Limited | U70109KL2020PTC062189 |
To see the full group structure of Synthite Industries Private Limited, buy the company report.
Employees & EPFO
Synthite Industries Private Limited has a workforce of 1,638 employees on its EPFO records as of Sep 19, 2025, across 5 active EPFO establishments.
GST
Synthite Industries has 16 GST registrations: 12 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCS5616E1ZQ | Kerala | Active | 01 Jul 2017 |
| 32AADCS5616E3ZO | Kerala | Active | 01 Jul 2017 |
| 32AADCS5616E6ZL | Kerala | Active | 29 Jan 2025 |
| 32AADCS5616E7ZK | Kerala | Active | 21 May 2025 |
To see the full GST registrations and return filing status of Synthite Industries Private Limited, buy the company report.
Recent activity
Synthite Industries Private Limited has 19 board changes on record since 2007: 6 appointments and 13 cessations. The latest: Vignesh Chandra Sekar was appointed as CFO on 01 Oct 2022.
112 earlier events are in the company report.
News
Frequently asked questions
Synthite Industries is an active private limited company based in Kolenchery, Kerala, India. The company works in flavouring and seasoning additives, within the food and beverages industry. It was incorporated on 23 July 1970 (56+ years old) and is registered under CIN U24299KL1970PTC002294.
Synthite Industries has 5 current directors:
- Aju Jacob - Managing Director
- Varghese Jacob - Whole-Time Director
- Paolo George - Director
- Jacob Ninan Modayil - Director
- Ashok Mani - Director
The latest financial statements of Synthite Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Synthite Industries is 32AADCS5616E1ZQ, registered in Kerala. The company has 16 GST registrations in all, of which 12 are active and 4 are cancelled or inactive. Other active GSTINs include 32AADCS5616E3ZO (Kerala), 32AADCS5616E6ZL (Kerala), 32AADCS5616E7ZK (Kerala).
The CIN (Corporate Identification Number) of Synthite Industries is U24299KL1970PTC002294. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Synthite Industries has 238 court cases on record: 146 filed by the company and 93 filed against it. 87 are pending. Most are in the high courts.
Synthite Industries was incorporated on 23 July 1970, making it 56+ years old. It is registered with the Registrar of Companies, Ernakulam.
Synthite Industries has 12 deals on record (12 secondary share transfers); the latest was in July 2024.
The peers of Synthite Industries by revenue are Tata Consumer Products Limited, Everest Food Products Private Limited, Mahashian Di Hatti Private Limited, Tata Coffee Limited, International Flavours & Fragrances India Private Limited and 1 more, all in the Food and Beverages industry (Flavouring and Seasoning Additives, Spices), with the same principal business activity (food, beverages and tobacco products).
Vignesh Chandra Sekar was appointed as CFO on 01 Oct 2022. Ashok Mani ceased to be Additional Director on 30 Sep 2022. Sales Kannanchira Francis ceased to be Company Secretary on 30 Sep 2022. Synthite Industries has 19 board changes on record in total.
Synthite Industries has 6 MSME Form 1 returns on record between 2019 and 2021, listing 68 overdue payments to 38 micro and small suppliers. The latest return was filed on 28 Feb 2023.
Synthite Industries can be reached through the website synthite.com. Its registered office is in Kolenchery, Kerala, India.