About Vippy Industries Limited
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Vippy Industries Limited is a public limited company based in Dewas, Madhya Pradesh, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 29 September 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U15142MP1973PLC001225. Its GSTIN is 23AABCV1297N1Z0 (Madhya Pradesh). The company holds 11 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹14.64 Cr. It was formerly known as Vippy Solvex Products Private Limited and Vippy Solvex Products Limited. It is led by directors including Rahul Mutha (Managing Director) and Praneet Mutha (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 28 Industrial Area A.B.Road, Dewas, Madhya Pradesh, India – 455001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,867.11 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹8.48 Cr (net margin 0.5%) and EBITDA of ₹21.47 Cr (EBITDA margin 1.2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 11% over five years.
The company has about 185 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vippy Industries. As per MCA filings, the company has open charges of ₹290.32 Cr and satisfied charges of ₹532.48 Cr on record. Court records list 60 cases involving the company, including 54 filed by the company and 6 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vippysoya.com.
Company details
Name history
Vippy Industries has undergone 2 name changes throughout its history. The company was previously known as Vippy Solvex Products Private Limited, and Vippy Solvex Products Limited. The current legal name is Vippy Industries Limited.
| Company Name | Status |
|---|---|
| Vippy Industries Limited | Current |
| Vippy Solvex Products Private Limited | Previous |
| Vippy Solvex Products Limited | Previous |
CIN history
Vippy Industries has one previous CIN (Corporate Identification Number): L15142MP1973PLC001225. The current CIN is U15142MP1973PLC001225, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15142MP1973PLC001225 | Current |
| L15142MP1973PLC001225 | Previous |
Contact details
Vippy Industries Limited's registered office is in Dewas, Madhya Pradesh. Its website is vippysoya.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address28 Industrial Area A.B.Road, Dewas, Madhya Pradesh, India – 455001
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Vippy Industries 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
Vippy Industries operates one associated brand: Vippy Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacture and export of non-GMO soya products for food, feed, and industrial uses in India. | vippysoya.com |
Business activity
The main business activity of Vippy Industries is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Vippy Industries Limited, buy the company report.
Financials of Vippy Industries Limited
FY 2025 filings availableVippy Industries Limited reported revenue of ₹1,867.11 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 22% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,867.11 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹21.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.48 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Vippy Industries Limited, buy the company report.
Board of directors of Vippy Industries Limited
Vippy Industries has 6 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Usha Mutha | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
| Rahul Mutha | Managing Director | 30 Jun 2009 | 17 Years 3 Months | Current |
| Praneet Mutha Also directs: Moon Nutrients Private Limited, Vippy Spin Pro Limited | Whole-Time Director | 01 Apr 2014 | 12 Years 6 Months | Current |
| Nikhil Dhanotiya Also directs: Hemang Resources Limited | Director | 09 Aug 2024 | 2 Years 2 Months | Current |
| Pradeep Pandurang Mahajan | Director | 11 Sep 2021 | 5 Years 1 Months | Current |
| Vivek Bhargava | Director | 10 Jun 2025 | 1 Years 4 Months | Current |
Peer comparison
Vippy Industries Limited is compared with the 8 companies closest to it by revenue in the Food and Beverages industry (Edible Oils), 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 |
|---|---|---|---|---|---|---|
| Vaibhav Edibles Private Limited | ₹2,024.69 Cr (FY 2025) | 34.0% | Kanpur, Uttar Pradesh, India | |||
| Maharashtra Oil Extractions Limited | ₹1,902.22 Cr (FY 2025) | 8.0% | Dhule, Maharashtra, India | |||
| Adm Agro Industries Latur & Vizag Private Limited | ₹1,897.1 Cr (FY 2023) | -4.0% | Latur, Maharashtra, India | |||
| Vippy Industries Limitedthis company | ₹1,867.11 Cr (FY 2025) | ₹8.48 Cr | 0.5% | -6.0% | 185 | Dewas, Madhya Pradesh, India |
| Dhanuka Soya Private Limited | ₹1,854.15 Cr (FY 2025) | 31.0% | Neemuch, Madhya Pradesh, India | |||
| B. R. Oil Industries Private Limited | ₹1,837.86 Cr (FY 2024) | -1.0% | Morena, Madhya Pradesh, India | |||
| Vijay Solvex Limited | ₹1,832.61 Cr (FY 2025) | 0.0% | Alwar, Rajasthan, India | |||
| Tirumalla Oil Refinery Private Limited | ₹1,776.57 Cr (FY 2021) | 22.0% | Panvel, Maharashtra, India | |||
| Aak India Private Limited | ₹1,744.63 Cr (FY 2024) | -22.0% | Thane, Maharashtra, India |
To see the full peer comparison of Vippy Industries Limited, buy the company report.
Auditor
Vippy Industries Limited is audited by S A H A J & COMPANY for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A H A J & COMPANY | FY 2025 | 020149C |
Shareholding
The shareholding of Vippy Industries 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 Vippy Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2025 | 101078422 | Others | ₹32 Lakh | Open | |
| 25 Nov 2017 | 100153229 | Hdfc Bank Limited | ₹25 Cr | Open | |
| 25 Nov 2017 | 100155290 | Hdfc Bank Limited | ₹215 Cr | Open | |
| 13 Nov 2017 | 100153228 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 29 Jun 2004 | 90204174 | The United Western Bank Ltd. | ₹50 Lakh | Satisfied |
To see the full charge records of Vippy Industries Limited, buy the company report.
Total charge records: 72 View all charges
Legal cases
Vippy Industries Limited has 60 court cases on record: 54 filed by Vippy Industries, 6 filed against it. 5 cases are pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 37 | 2 | 2 |
| District courts | 11 | 1 | 2 |
| Supreme Court | 11 | 3 | 1 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed by the company against Agrimoney Foods Private Limited | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Agrimoney Foods Private Limited Formerly Rajvardhan Foods Private Limited Office at Plot No. 27, Ayodhyanagari, Near Palwe Hospital, Shriram Chowk, Pipeline Road, Savedi, Ahmednagar, Maharashtra ,Ahmadnagar , Maharashtra | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Agrimoney Foods Private Limited | Disposed |
| District court, Dewas, Madhya Pradesh | Court case (RCS A) | Filed by the company against M/S Sweetech Environs India Pvt. Ltd | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Mahakali Foods Pvt Ltd - Through Managing Director | Disposed |
To see the full case history of Vippy 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.
Credit ratings & regulatory alerts
Vippy Industries Limited was last rated by Care on 06 Mar 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Mar 2023 |
To see the full credit ratings and regulatory alerts of Vippy Industries Limited, buy the company report.
MSME payment delays
Vippy Industries Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Vippy Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vippy Industries Limited has a workforce of 185 employees on its EPFO records as of Oct 11, 2025, across 1 active EPFO establishment.
GST
Vippy Industries has 11 GST registrations: 9 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCV1297N1Z0 | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AABCV1297N2ZZ | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AABCV1297N3ZY | Madhya Pradesh | Active | 30 Mar 2019 |
| 23AABCV1297N4ZX | Madhya Pradesh | Active | 31 Mar 2025 |
To see the full GST registrations and return filing status of Vippy Industries Limited, buy the company report.
Recent activity
Vippy Industries Limited has 17 board changes on record since 2007: 6 appointments and 11 cessations. The latest: Vivek Bhargava ceased to be Additional Director on 28 Sep 2025.
163 earlier events are in the company report.
Frequently asked questions
Vippy Industries is an active public limited company based in Dewas, Madhya Pradesh, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 29 September 1973 (53+ years old) and is registered under CIN U15142MP1973PLC001225.
Vippy Industries has 6 current directors:
- Rahul Mutha - Managing Director
- Praneet Mutha - Whole-Time Director
- Usha Mutha - Director
- Nikhil Dhanotiya - Director
- Pradeep Pandurang Mahajan - Director
- Vivek Bhargava - Director
The latest financial statements of Vippy Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vippy Industries is 23AABCV1297N1Z0, registered in Madhya Pradesh. The company has 11 GST registrations in all, of which 9 are active and 2 are cancelled or inactive. Other active GSTINs include 23AABCV1297N2ZZ (Madhya Pradesh), 23AABCV1297N3ZY (Madhya Pradesh), 23AABCV1297N4ZX (Madhya Pradesh).
The CIN (Corporate Identification Number) of Vippy Industries is U15142MP1973PLC001225. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vippy Industries has 60 court cases on record: 54 filed by the company and 6 filed against it. 5 are pending. Most are in the high courts.
Vippy Industries was incorporated on 29 September 1973, making it 53+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Vippy Industries by revenue are Vaibhav Edibles Private Limited, Maharashtra Oil Extractions Limited, Adm Agro Industries Latur & Vizag Private Limited, Dhanuka Soya Private Limited, B. R. Oil Industries Private Limited and 3 more, all in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products).
Vivek Bhargava ceased to be Additional Director on 28 Sep 2025. Vivek Bhargava was appointed as Director on 10 Jun 2025. Nikhil Dhanotiya ceased to be Additional Director on 27 Sep 2024. Vippy Industries has 17 board changes on record in total.
Vippy Industries has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 May 2024.
Vippy Industries can be reached through the website vippysoya.com. Its registered office is in Dewas, Madhya Pradesh, India.
The registered office of Vippy Industries is at 28 Industrial Area A.B.Road, Dewas, Madhya Pradesh, India – 455001.