About Witco (India) Private Limited
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Witco (India) Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 18 November 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U36991TN1988PTC016475. Its GSTIN is 33AAACW0447L1ZD (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25.36 Lakh. It is led by directors including Harris Valiya Peediyakandy (Managing Director) and Nurdeen Valiya Peediyakandy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Old No.47 New No.26 I – Block 10th Street Anna Nagar, Chennai, Tamil Nadu, India – 600102.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.05 Cr, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹1.25 Cr (net margin -119.2%) and EBITDA of -₹1.09 Cr (EBITDA margin -104.7%). Revenue has declined at a compounded annual rate (CAGR) of 58% over three years and 42% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹3 Cr on record. Court records list 61 cases involving the company, including 27 filed by the company and 34 filed against it; 1 case is 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 witco.in.
Company details
Contact details
Witco (India) Private Limited's registered office is in Chennai, Tamil Nadu. Its website is witco.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOld No.47 New No.26 I – Block 10th Street Anna Nagar, Chennai, Tamil Nadu, India – 600102
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Witco (India) 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
Business activity
The main business activity of Witco (India) is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Witco (India) Private Limited, buy the company report.
Financials of Witco (India) Private Limited
FY 2021 filings availableWitco (India) Private Limited reported revenue of ₹1.05 Cr (down 89% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 89% fall in the latest year. EBITDA fell 266% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹1.09 Cr | ||||
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| Net Profit (PAT) | -₹1.25 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -104.7% | ||||
| Net Profit Margin | -119.2% | ||||
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To see the full financial statements and ratios of Witco (India) Private Limited, buy the company report.
Board of directors of Witco (India) Private Limited
Witco (India) has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harris Valiya Peediyakandy | Managing Director | 18 Nov 1988 | 37 Years 11 Months | Current |
| Nurdeen Valiya Peediyakandy | Whole-Time Director | 18 Nov 1988 | 37 Years 11 Months | Current |
| Althaf Harris | Whole-Time Director | 01 Sep 2008 | 18 Years 2 Months | Current |
Peer comparison
Witco (India) Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Accessories Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kairos Multimedia Private Limited | ₹1.05 Cr (FY 2024) | 6.0% | New Delhi, Delhi, India | |||
| Provincial Retail Private Limited | ₹1.05 Cr (FY 2024) | 16555.0% | Nagpur, Maharashtra, India | |||
| Witco (India) Private Limitedthis company | ₹1.05 Cr (FY 2021) | -₹1.25 Cr | -119.2% | -89.0% | 14 | Chennai, Tamil Nadu, India |
| Sameday Retails Limited | ₹1.04 Cr (FY 2024) | 195.0% | Kanpur Nagar, Uttar Pradesh, India |
To see the full peer comparison of Witco (India) Private Limited, buy the company report.
Auditor
Witco (India) Private Limited is audited by P JAYARAMAN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P JAYARAMAN & CO | FY 2020 | 001312S |
Shareholding
The shareholding of Witco (India) Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Witco (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jun 2013 | 10441027 | Hdfc Bank Limited | ₹1 Cr | Satisfied | |
| 28 May 2012 | 10358384 | Citi Bank N.A. | ₹1 Cr | Satisfied | |
| 17 Feb 2005 | 80055432 | Citibank Na | ₹1 Cr | Satisfied |
To see the full charge records of Witco (India) Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Witco (India) Private Limited has 61 court cases on record: 27 filed by Witco (India), 34 filed against it. 1 case is pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 43 | 23 | 0 |
| District courts | 18 | 11 | 1 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (RCOP) | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by individuals | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Nitco M/S.Richardson Wilson and 2 others | Disposed |
| High Court, TAMIL NADU | Court case (OSA(CAD)) | Filed against the company by Nitco M/S.Richardson Wilson and 2 others | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by Nitco Rep. by Its Partners and 2 Others and 2 others | Disposed |
To see the full case history of Witco (India) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Witco (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Witco (India) Private Limited has a workforce of 14 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Witco (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACW0447L1ZD | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Witco (India) Private Limited, buy the company report.
Recent activity
Witco (India) Private Limited has 7 board changes on record since 1988: 3 appointments and 4 cessations. The latest: Althaf Harris ceased to be Director on 01 Apr 2019.
5 earlier events are in the company report.
Frequently asked questions
Witco (India) is an active private limited company based in Chennai, Tamil Nadu, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 18 November 1988 (38+ years old) and is registered under CIN U36991TN1988PTC016475.
Witco (India) has 3 current directors:
- Harris Valiya Peediyakandy - Managing Director
- Nurdeen Valiya Peediyakandy - Whole-Time Director
- Althaf Harris - Whole-Time Director
The latest financial statements of Witco (India) on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Witco (India) is 33AAACW0447L1ZD, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Witco (India) is U36991TN1988PTC016475. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Witco (India) has 61 court cases on record: 27 filed by the company and 34 filed against it. 1 is pending. Most are in the high courts.
Witco (India) was incorporated on 18 November 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Witco (India) by revenue are Kairos Multimedia Private Limited, Provincial Retail Private Limited, Sameday Retails Limited, all in the Consumer Products industry (Accessories Retail and Distribution), with the same principal business activity (retail trading).
Althaf Harris ceased to be Director on 01 Apr 2019. Harris Valiya Peediyakandy ceased to be Director on 01 Apr 2019. Nurdeen Valiya Peediyakandy ceased to be Whole-Time Director on 31 Mar 2019. Witco (India) has 7 board changes on record in total.
Witco (India) can be reached through the website witco.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Witco (India) is at Old No.47 New No.26 I – Block 10th Street Anna Nagar, Chennai, Tamil Nadu, India – 600102.
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