About Waycool Brandsnext Private Limited
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Waycool Brandsnext Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Waycool Foods And Products Private Limited. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 28 November 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U15490TN2013PTC093940. Its GSTIN is 33AAFCB7460F1ZV (Tamil Nadu).
The company has an authorised share capital of ₹41 Lakh and a paid-up capital of ₹5.96 Lakh. It was formerly known as Benani Foods Private Limited. It is led by directors including Karthik Jayaraman and Venkatesh Deivanayagam.
Its last annual general meeting (AGM) was held on 09 May 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹22.81 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹13.83 Cr (net margin -60.6%) and EBITDA of -₹12.88 Cr (EBITDA margin -56.5%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 39% over five years.
The company is associated with 1 brand: Benani Foods. As per MCA filings, the company has open charges of ₹210 Cr and satisfied charges of ₹50 Lakh on record. The company has 12 deals on record (4 rights issues, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹8.83 Cr; the latest was in August 2022. The company has 2 MSME Form 1 returns on record between 2022 and 2024, listing 6 overdue payments to 5 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 fresheys.in.
Company details
Contact details
Waycool Brandsnext Private Limited's registered office is in Chennai, Tamil Nadu. Its website is fresheys.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address927 Regus Olympia Platina 9th Floor Plot No.33 B South Phase Guindy Industrial Estate Gui, Ndy, Chennai, Tamil Nadu, India – 600032
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Waycool Brandsnext 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
Waycool Brandsnext operates one associated brand: BENANI FOODS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ready-to-cook food brand | benanifoods.com |
Business activity
The main business activity of Waycool Brandsnext 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 Waycool Brandsnext Private Limited, buy the company report.
Financials of Waycool Brandsnext Private Limited
FY 2023 filings availableWaycool Brandsnext Private Limited reported revenue of ₹22.81 Cr (up 232% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 232% growth in the latest year. EBITDA fell 110% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹22.81 Cr | ||||
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| EBITDA | -₹12.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.83 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -56.5% | ||||
| Net Profit Margin | -60.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Waycool Brandsnext Private Limited, buy the company report.
Board of directors of Waycool Brandsnext Private Limited
Waycool Brandsnext has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karthik Jayaraman Also directs: CFB Products Private Limited, Waycool Freshnext Private Limited, Waycool Logisticsnext Private Limited and 3 more | Director | 23 Mar 2019 | 7 Years 7 Months | Current |
| Venkatesh Deivanayagam | Director | 28 Nov 2013 | 12 Years 11 Months | Current |
| Sanjay Venkat Dasari Also directs: Vishay Engineering and Holdings Private Limited, CFB Products Private Limited, Waycool Freshnext Private Limited and 2 more | Director | 23 Mar 2019 | 7 Years 7 Months | Current |
| Bellarry Prabhakara Ravindran | Additional Director | 03 Mar 2023 | 3 Years 7 Months | Current |
Auditor
Waycool Brandsnext Private Limited is audited by For B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| For B S R & Co. LLP | FY 2023 | Chennai - 600 031, India |
Shareholding
The shareholding of Waycool Brandsnext Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Waycool Brandsnext Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2024 | 101049879 | Others | ₹210 Cr | Open | |
| 12 Jul 2019 | 100279589 | Others | ₹50 Lakh | Satisfied |
To see the full charge records of Waycool Brandsnext Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Waycool Brandsnext Private Limited has 12 deals on record (4 rights issues, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹8.83 Cr; the latest was in August 2022.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Rights issue | ₹10 Cr | Investors: Waycool Foods and Products Private Limited |
| Mar 2022 | Funding round | ₹5 Cr | Investors: Waycool Foods and Products Private Limited |
| Mar 2019 | Rights issue | ₹1.33 Cr | Investors: Waycool Foods and Products Private Limited |
| Mar 2019 | Acquisition | ₹2.36 Cr | Buyer: Waycool Foods and Products Private Limited Seller: Tvs Electronics Limited, an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Tvs Electronics Limited Seller: Prime Property Holdings Limited |
To see the full deal history of Waycool Brandsnext 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
No court or tribunal cases involving Waycool Brandsnext Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Waycool Brandsnext Private Limited has 2 MSME Form 1 returns on record between 2022 and 2024, listing 6 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vedhika Foods | |||
| Sruthi Industrial Plastics | |||
| Ynot Plastics and Packaging | |||
| Smartman Services | |||
| an individual supplier |
To see the full MSME payment records of Waycool Brandsnext Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Waycool Brandsnext has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCB7460F1ZV | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Waycool Brandsnext Private Limited, buy the company report.
Recent activity
Waycool Brandsnext Private Limited has 10 board changes on record since 2013: 4 appointments and 6 cessations. The latest: Bellarry Prabhakara Ravindran was appointed as Additional Director on 03 Mar 2023.
4 earlier events are in the company report.
Frequently asked questions
Waycool Brandsnext is an active private limited company based in Chennai, Tamil Nadu, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 28 November 2013 (13+ years old) and is registered under CIN U15490TN2013PTC093940.
Waycool Brandsnext has 4 current directors:
- Karthik Jayaraman - Director
- Venkatesh Deivanayagam - Director
- Sanjay Venkat Dasari - Director
- Bellarry Prabhakara Ravindran - Additional Director
The latest financial statements of Waycool Brandsnext on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 09 May 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Waycool Brandsnext is 33AAFCB7460F1ZV, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Waycool Brandsnext is U15490TN2013PTC093940. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waycool Brandsnext was incorporated on 28 November 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
Waycool Brandsnext has 12 deals on record (4 rights issues, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹8.83 Cr; the latest was in August 2022.
Bellarry Prabhakara Ravindran was appointed as Additional Director on 03 Mar 2023. Karthik Jayaraman ceased to be Additional Director on 29 Nov 2019. Sanjay Venkat Dasari ceased to be Additional Director on 29 Nov 2019. Waycool Brandsnext has 10 board changes on record in total.
Waycool Brandsnext has 2 MSME Form 1 returns on record between 2022 and 2024, listing 6 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Waycool Brandsnext can be reached through the website fresheys.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Waycool Brandsnext is at 927 Regus Olympia Platina 9th Floor Plot No.33 B South Phase Guindy Industrial Estate Gui, Ndy, Chennai, Tamil Nadu, India – 600032.