About Sysco Industries Limited
Data last updated:
Sysco Industries Limited was a public limited company based in Bangalore, Karnataka, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-metallic mineral products segment of the plastics and polymers sector. It was incorporated on 01 September 2009.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U51101KA2009PLC192544. Its GSTIN is 24AANCS3652A1ZL (Gujarat). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Sysco Industries Private Limited. It was led by directors including Bodugu Geetha (Managing Director) and Eaduguri Raghunatha Reddy.
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 was at Sector 15, Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹39.65 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹26.76 Cr and EBITDA of -₹1.55 Cr (EBITDA margin -391.3%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 68% over five years.
The company had about 29 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹36 Cr and satisfied charges of ₹160.07 Cr on record. Court records list 61 cases involving the company, including 21 filed by the company and 41 filed against it; 15 cases are pending. The company has 13 deals on record (12 market trades, 1 ipo); the latest was in January 2017.
The last known website on record is rathnagroup.in.
Company details
CIN history
Sysco Industries has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51101KA2009PLC192544, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51101KA2009PLC192544 | Current |
| L51101GJ2009PLC057954 | Previous |
| U51101GJ2009PTC057954 | Previous |
| U25200GJ2009PTC057954 | Previous |
| U51101GJ2009PLC057954 | Previous |
Contact details
Sysco Industries Limited's registered office is in Bangalore, Karnataka.
- Registered AddressNo.19 4th Sector 15th Main 15th Cross, Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryPlastics, Non-Metallic Mineral Products, Fabricated Metal Products, Plastic Products, Rubber Products
- 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
Financials of Sysco Industries Limited
FY 2024 filings availableSysco Industries Limited reported revenue of ₹39.65 Lakh (up 5818% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 68% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹39.65 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹26.76 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -391.3% | ||||
| Net Profit Margin | |||||
| 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 Sysco Industries Limited, buy the company report.
Board of directors of Sysco Industries Limited
Sysco Industries has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Eaduguri Raghunatha Reddy | Director | 03 Jan 2023 | 3 Years 9 Months | As last reported |
| Bodugu Geetha | Managing Director | 03 Jan 2023 | 3 Years 9 Months | As last reported |
| Bodugu Sudhakar | Director | 01 Jul 2022 | 4 Years 3 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2016 | 100069264 | Axis Bank Limited | ₹15 Cr | Satisfied | |
| 26 Apr 2016 | 100031430 | Others | ₹4.48 Cr | Satisfied | |
| 26 Apr 2016 | 100031464 | Others | ₹1.39 Cr | Satisfied | |
| 21 Mar 2011 | 10275646 | State Bank of India | ₹69.6 Cr | Satisfied | |
| 21 Mar 2011 | 10275059 | State Bank of India | ₹69.6 Cr | Satisfied |
To see the full charge records of Sysco Industries Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Sysco Industries Limited has 13 deals on record (12 market trades, 1 ipo); the latest was in January 2017.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Market trade | ₹16.4 Lakh | Seller: Rikhav Securities Limited |
| Jan 2017 | Market trade | ₹18.2 Lakh | Buyer: Rikhav Securities Limited Seller: Rikhav Securities Limited |
| Aug 2016 | Market trade | ₹11.3 Lakh | Seller: an individual |
| Aug 2016 | Market trade | ₹15.5 Lakh | Buyer: Rikhav Securities Limited Seller: Rikhav Securities Limited , an individual |
| May 2016 | Market trade | ₹9.1 Lakh | Buyer: Rikhav Securities Limited Seller: Rikhav Securities Limited |
To see the full deal history of Sysco Industries 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
Sysco Industries Limited has 61 court cases on record: 21 filed by Sysco Industries, 41 filed against it. 15 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 46 | 34 | 13 |
| NCLT | 6 | 4 | 0 |
| High courts | 4 | 0 | 1 |
| Supreme Court | 3 | 1 | 0 |
| NCLAT | 2 | 2 | 1 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Siemens Financial Services Pvt Ltd Th Mr Vaibhav Priyadarshi | Pending |
| District court, Valsad, Gujarat | Commercial matter | Filed against the company by M/S Hubergroup India Pvt Ltd Through Its Manager Mr. Jaydeep L Patel | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Siemens Financial Services Pvt Ltd Th Mr Vaibhav Priyadarshi | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Siemens Financial Services Pvt Ltd Th Mr Vaibhav Priyadarshi | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Kailash T Shah Ex-Rp of Sysco Industries Limited Appointed in CP (Ib) 241/2018 | Disposed |
To see the full case history of Sysco Industries 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 Sysco Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sysco Industries has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCS3652A1ZL | Gujarat | Active | 01 Jul 2017 |
| 24AANCS3652A2ZK | Gujarat | Active | 08 Sep 2021 |
To see the full GST registrations and return filing status of Sysco Industries Limited, buy the company report.
Recent activity
Sysco Industries Limited has 13 board changes on record since 2015: 3 appointments and 10 cessations. The latest: Bodugu Sudhakar ceased to be Additional Director on 29 Sep 2023.
16 earlier events are in the company report.
Frequently asked questions
Sysco Industries has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sysco Industries was a public limited company based in Bangalore, Karnataka, India. The company worked in non-metallic mineral products, within the plastics industry. It was incorporated on 01 September 2009 and is registered under CIN U51101KA2009PLC192544. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sysco Industries was incorporated on 01 September 2009. It is registered with the Registrar of Companies, Bangalore.
Sysco Industries had 3 directors:
- Bodugu Geetha - Managing Director
- Eaduguri Raghunatha Reddy - Director
- Bodugu Sudhakar - Director
The CIN (Corporate Identification Number) of Sysco Industries is U51101KA2009PLC192544. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Sysco Industries is at No.19 4th Sector 15th Main 15th Cross, Hsr Layout, Bangalore, Karnataka, India – 560102.
Sysco Industries can be reached through the website rathnagroup.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Sysco Industries 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 Sysco Industries is 24AANCS3652A1ZL, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AANCS3652A2ZK (Gujarat).
Sysco Industries operated in the plastics industry, in the non-metallic mineral products segment.