About Value Industries Limited
Data last updated:
Value Industries Limited is a public limited company based in Aurangabad, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the white goods retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 08 March 1988.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1988PLC046445. Its GSTIN is 27AAACV2299K1ZV (Maharashtra). The company holds 10 GST registrations, of which 6 are active. It is recorded as listed by MCA, but trading in its shares on BSE (500945) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹130 Cr and a paid-up capital of ₹39.19 Cr. It was formerly known as Videocon Appliances Limited. It is led by directors including Shyam Ramesh Lalsare (Whole-Time Director) and Naveen Bhanwarlal Mandhana.
Its last annual general meeting (AGM) was held on 04 February 2020, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 14 Km Stone Aurangabadpaithan Road \ Village Chitegaon Tal – Paithan, Maharashtra, India – 431005.
As per the financials filed for FY 2019, the company reported a revenue of ₹21.42 Cr, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹275.84 Cr and EBITDA of -₹78.26 Cr (EBITDA margin -365.5%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Value Industries. As per MCA filings, the company has open charges of ₹26,844 Cr and satisfied charges of ₹6,639.88 Cr on record. Court records list 164 cases involving the company, including 56 filed by the company and 108 filed against it; 43 cases are pending. The company has 7 deals on record (7 market trades); the latest was in September 2010. Its 3 peer companies in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger; the largest is Fabcare (India) Private Limited with revenue of ₹70.56 Cr.
The last known website on record is valueind.in.
Company details
CIN history
Value Industries has one previous CIN (Corporate Identification Number): U99999MH1988PLC046445. The current CIN is L99999MH1988PLC046445, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1988PLC046445 | Current |
| U99999MH1988PLC046445 | Previous |
Contact details
Value Industries Limited's registered office is in Aurangabad, Maharashtra. Its website is valueind.in.
- Website
- Registered Address14 Km Stone Aurangabadpaithan Road \ Village Chitegaon Tal – Paithan, Maharashtra, India – 431005
- IndustryConsumer Electronics & Durables, White Goods Retail & Distribution
- 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
Value Industries operates one associated brand: Value Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Consumables and spare parts for carton packaging lines are supplied. | valueind.in |
Business activity
The main business activity of Value Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Value Industries Limited, buy the company report.
Financials of Value Industries Limited
FY 2019 filings availableValue Industries Limited reported revenue of ₹21.42 Cr (down 92% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 78% over three years, including a 92% fall in the latest year. EBITDA rose 84% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.42 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹78.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹275.84 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -365.5% | ||||
| 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 Value Industries Limited, buy the company report.
Board of directors of Value Industries Limited
Value Industries has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Bhanwarlal Mandhana | Director | 08 Mar 1988 | 38 Years 8 Months | As last reported |
| Shyam Ramesh Lalsare | Whole-Time Director | 05 Oct 2020 | 6 Years 1 Months | As last reported |
| Bhujang Shesharao Kakade | Director | 30 May 2016 | 10 Years 5 Months | As last reported |
| Amol Ashok Mandlik | Director | 31 Oct 2023 | 3 Years 0 Months | As last reported |
Peer comparison
Value Industries Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fabcare (India) Private Limited | ₹70.56 Cr (FY 2025) | 9.0% | Delhi, India | |||
| Refrigerators & Home Appliances Private Limited | ₹43.63 Cr (FY 2025) | 2.0% | Anna Salai, Madras, Tamil Nadu, India | |||
| Cruise Electric Private Limited | ₹30.13 Cr (FY 2025) | -7.0% | Andheri East Mumbai, Maharashtra, India | |||
| Value Industries Limitedthis company | ₹21.42 Cr (FY 2019) | -₹275.84 Cr | -92.0% | 4 | Aurangabad, Maharashtra, India |
To see the full peer comparison of Value Industries Limited, buy the company report.
Auditor
Value Industries Limited is audited by S Z DESHMUKH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S Z DESHMUKH & CO | FY 2019 | 102380W |
Shareholding
The shareholding of Value Industries Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2014 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Value Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2017 | 100129817 | Others | ₹150 Cr | Open | |
| 05 Mar 2015 | 10555038 | Small Industries Development Bank of India | ₹10 Cr | Open | |
| 21 Mar 2013 | 10414636 | Sbicap Trustee Company Limited | ₹20,195 Cr | Open | |
| 30 Apr 2012 | 10352209 | Icici Bank Limited | ₹650 Cr | Open | |
| 24 Apr 2012 | 10353431 | State Bank of India | ₹750 Cr | Open |
To see the full charge records of Value Industries Limited, buy the company report.
Total charge records: 92 View all charges
Deals & funding
Value Industries Limited has 7 deals on record (7 market trades); the latest was in September 2010.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2010 | Market trade | ₹79.8 Lakh | Buyer: an individual Seller: an individual |
| Dec 2007 | Market trade | ₹78.7 Lakh | Seller: JMP Securities Private Limited |
| Dec 2007 | Market trade | ₹6.08 Cr | Buyer: JMP Securities Private Limited , BP Comtrade Private Limited , Chimanlal Maneklal Sec.Pvt.Ltd Seller: JMP Securities Private Limited , BP Comtrade Private Limited |
| Dec 2007 | Market trade | ₹1.03 Cr | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
| Dec 2007 | Market trade | ₹1.27 Cr | Buyer: JMP Securities Private Limited Seller: an individual |
To see the full deal history of Value 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
Value Industries Limited has 164 court cases on record: 56 filed by Value Industries, 108 filed against it. 43 cases are pending and 121 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 76 | 37 | 7 |
| District courts | 55 | 39 | 18 |
| NCLAT | 24 | 24 | 14 |
| Supreme Court | 9 | 8 | 4 |
Cases on record (5 of 164)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gail (India) Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Twin Star Technologies Limited Through Its Authorised Representative 3Rdfloor, Iffco Tower, PL No. 3, Sector 39,Gurugram, Gurgaon,Haryana ,Gurgaon , Haryana | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bank of Maharashtra | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Disposed |
To see the full case history of Value 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 Value Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Value Industries Limited has a workforce of 4 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 4 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2011-12 | |
| FY 2010-11 | |
| FY 2009-10 |
To see the full employee and EPFO history of Value Industries Limited, buy the company report.
GST
Value Industries has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV2299K1ZV | Maharashtra | Active | 01 Jul 2017 |
| 27AAACV2299K2ZU | Maharashtra | Active | 21 Mar 2020 |
| 03AAACV2299K1Z5 | Punjab | Active | 01 Jul 2017 |
| 07AAACV2299K1ZX | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Value Industries Limited, buy the company report.
Recent activity
Value Industries Limited has 20 board changes on record since 1988: 12 appointments and 8 cessations. The latest: Amol Ashok Mandlik was appointed as Director on 31 Oct 2023.
207 earlier events are in the company report.
Frequently asked questions
Value Industries is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Value Industries is a company under insolvency, formerly operating as a public limited company based in Aurangabad, Maharashtra, India. The company works in white goods retail and distribution, within the consumer electronics and durables industry. It was incorporated on 08 March 1988 and is registered under CIN L99999MH1988PLC046445. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Value Industries has 4 current directors:
- Shyam Ramesh Lalsare - Whole-Time Director
- Naveen Bhanwarlal Mandhana - Director
- Bhujang Shesharao Kakade - Director
- Amol Ashok Mandlik - Director
The latest financial statements of Value Industries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 04 February 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Value Industries is L99999MH1988PLC046445. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Value Industries is recorded as a listed company by MCA, but trading in its shares on BSE (500945) has been suspended, so they do not currently trade on a stock exchange.
Value Industries has open charges of ₹26,844 Cr and satisfied charges of ₹6,639.88 Cr as per latest MCA filings.
Value Industries has 164 court cases on record: 56 filed by the company and 108 filed against it. 43 are pending. Most are in the high courts.
Value Industries was incorporated on 08 March 1988. It is registered with the Registrar of Companies, Mumbai.
Value Industries has 7 deals on record (7 market trades); the latest was in September 2010.
The peers of Value Industries by revenue are Fabcare (India) Private Limited, Refrigerators & Home Appliances Private Limited, Cruise Electric Private Limited, all in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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