About Zuari Maroc Phosphates Private Limited
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Zuari Maroc Phosphates Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the investment banking and advisory segment of the financial services sector. It was incorporated on 24 January 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U46692OR2002PTC017414. Its GSTIN is 21AAACZ1716D1ZY (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹450 Cr and a paid-up capital of ₹373.46 Cr. It was formerly known as Zuari Maroc Phosphates Limited. It is led by directors including Soual Mohamed and Narayanan Suresh Krishnan.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5th Floor Orissa State Handloom Weavers' Co – Operative Building.Pandit J.N Marg, Bhubaneswar, Odisha, India – 751001.
As per the financials filed for FY 2025, the company reported a revenue of ₹14,004 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹543.16 Cr (net margin 3.9%) and EBITDA of ₹1,370.86 Cr (EBITDA margin 9.8%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 27% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Adventz. As per MCA filings, the company has open charges of ₹550 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 1 case is pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹282.59 Cr; the latest was in October 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adventz.com.
Company details
CIN history
Zuari Maroc Phosphates has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U46692OR2002PTC017414, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U46692OR2002PTC017414 | Current |
| U24124OR2002PLC017414 | Previous |
| U24124OR2002PTC017414 | Previous |
| U24124GA2002PLC003064 | Previous |
Contact details
Zuari Maroc Phosphates Private Limited's registered office is in Bhubaneswar, Odisha. Its website is adventz.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5th Floor Orissa State Handloom Weavers' Co – Operative Building.Pandit J.N Marg, Bhubaneswar, Odisha, India – 751001
- IndustryFinancial Services, Investment Banking & Advisory
To see the full contact details of Zuari Maroc Phosphates 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
Zuari Maroc Phosphates operates one associated brand: Adventz. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fruits and vegetables are processed by Adventz in India. | adventz.com |
Business activity
The main business activities of Zuari Maroc Phosphates are financial and insurance service and trade. In detail, this covers activities by trusts, funds and other financial holding companies and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Zuari Maroc Phosphates Private Limited, buy the company report.
Financials of Zuari Maroc Phosphates Private Limited
FY 2025 filings availableZuari Maroc Phosphates Private Limited reported revenue of ₹14,004 Cr (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 20% growth in the latest year. EBITDA rose 90% 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 | ₹14,004 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1,370.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹543.16 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 | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | ||||
| Net Profit Margin | 3.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Zuari Maroc Phosphates Private Limited, buy the company report.
Board of directors of Zuari Maroc Phosphates Private Limited
Zuari Maroc Phosphates has 3 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Soual Mohamed Also directs: Paradeep Phosphates Ltd | Director | 03 Feb 2020 | 6 Years 9 Months | Current |
| Narayanan Suresh Krishnan Also directs: Water Energy Food Transitions Research LLP, Mangalore Chemicals and Fertilisers Limited, Paradeep Phosphates Ltd and 4 more | Director | 08 Nov 2006 | 20 Years 0 Months | Current |
| Karim Lotfi Senhadji Also directs: Paradeep Phosphates Ltd | Director | 10 Nov 2021 | 5 Years 0 Months | Current |
Auditor
Zuari Maroc Phosphates Private Limited is audited by B.S.R. & CO. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.S.R. & CO. LLP | FY 2025 | 101248W |
Shareholding
The shareholding of Zuari Maroc Phosphates Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Zuari Maroc Phosphates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2025 | 101169264 | Others | ₹250 Cr | Open | |
| 20 Aug 2025 | 101151571 | Others | ₹50 Cr | Open | |
| 27 Mar 2025 | 101082062 | Others | ₹250 Cr | Open |
Total charge records: 3 View all charges
Deals & funding
Zuari Maroc Phosphates Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹282.59 Cr; the latest was in October 2025.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Funding round | ₹177.4 Cr | Investors: an individual |
| Aug 2009 | Funding round | ₹56.83 Cr | Investors: Zuari Agro Chemicals Limited, an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Seller: Zuari Agro Chemicals Limited |
To see the full deal history of Zuari Maroc Phosphates 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
Zuari Maroc Phosphates Private Limited has 9 court cases on record: 3 filed by Zuari Maroc Phosphates, 6 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 6 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0303-Direct Taxes Matter : Other matters under Income Tax act, 1961) | Filed by the company against The PR. Commissioner of Income Tax the PR. Commissioner of Income Tax Aayakar Bhawan, Plot No. 5, Edc Complex, Patto Plaza, Panaji , , Goa | Pending |
| Bombay High Court | Appeal | Filed against the company by Commissioner of Income Tax, Panaji. | Disposed |
| Bombay High Court | Court case (TXA) | Filed against the company by The PR. Commissioner of Income Tax, Panaji., | Disposed |
| Bombay High Court | Court case (TXA) | Filed against the company by The Commissioner of Income Tax | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The Assistant Commissioner of Income Tax Circle 2 and 10 Ors., | Disposed |
To see the full case history of Zuari Maroc Phosphates 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 Zuari Maroc Phosphates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Zuari Maroc Phosphates has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Paradeep Phosphates Ltd | L24129OR1981PLC001020 |
To see the full group structure of Zuari Maroc Phosphates Private Limited, buy the company report.
GST
Zuari Maroc Phosphates has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACZ1716D1ZY | Odisha | Active | 15 Dec 2018 |
To see the full GST registrations and return filing status of Zuari Maroc Phosphates Private Limited, buy the company report.
Recent activity
Zuari Maroc Phosphates Private Limited has 29 board changes on record since 2006: 3 appointments and 26 cessations. The latest: Karim Lotfi Senhadji was appointed as Director on 10 Nov 2021.
23 earlier events are in the company report.
Frequently asked questions
Zuari Maroc Phosphates is an active private limited company based in Bhubaneswar, Odisha, India. The company works in investment banking and advisory, within the financial services industry. It was incorporated on 24 January 2002 (24+ years old) and is registered under CIN U46692OR2002PTC017414.
Zuari Maroc Phosphates has 3 current directors:
- Soual Mohamed - Director
- Narayanan Suresh Krishnan - Director
- Karim Lotfi Senhadji - Director
The latest financial statements of Zuari Maroc Phosphates on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Zuari Maroc Phosphates is 21AAACZ1716D1ZY, registered in Odisha. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Zuari Maroc Phosphates is U46692OR2002PTC017414. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zuari Maroc Phosphates has 9 court cases on record: 3 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.
Zuari Maroc Phosphates was incorporated on 24 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Cuttack.
Zuari Maroc Phosphates has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹282.59 Cr; the latest was in October 2025.
Karim Lotfi Senhadji was appointed as Director on 10 Nov 2021. Karim Lotfi Senhadji ceased to be Additional Director on 10 Nov 2021. Ghislane Guedira ceased to be Director on 24 May 2021. Zuari Maroc Phosphates has 29 board changes on record in total.
Zuari Maroc Phosphates can be reached through the website adventz.com. Its registered office is in Bhubaneswar, Odisha, India.
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