Economic Food Solutions Profile
Key Indicators
- Authorised Capital ₹ 8.50 M
- Paid Up Capital ₹ 8.23 M
- Company Age 25 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 6.08 Cr
- Satisfied Charges ₹ 1.00 Cr
- Revenue Growth 11.73%
- Profit Growth 32.49%
- Ebitda 2.65%
- Net Worth 11.63%
- Total Assets 15.09%
About Economic Food Solutions
Economic Food Solutions Private Limited (EFSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 February 1999 and has a history of 25 years and 11 months. Its registered office is in Ernakulam Dist, Kerala.
The Corporate was formerly known as Drris India Autobody Private Limited. The Company is engaged in the Food And Beverages Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 8.50 M and a paid-up capital of Rs 8.23 M.
The company currently has active open charges totaling ₹6.08 Cr. The company has closed loans amounting to ₹1.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Binu Cyriac, Nick Cyriac, and Cyriac Joseph serve as directors at the Company.
Company Details
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LocationErnakulam Dist, Kerala
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U15499KL1999PTC012801
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Company No.
012801
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
10 Feb 1999
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Ernakulam
Industry
Who are the key members and board of directors at Economic Food Solutions?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Cyriac Joseph
|
Managing Director | 21-Mar-2001 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Binu Cyriac
|
Whole-Time Director | 21-Mar-2001 | Current |
|
Nick Cyriac
|
Whole-Time Director | 30-Mar-2020 | Current |
Financial Performance of Economic Food Solutions.
Economic Food Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.73% increase. The company also saw a substantial improvement in profitability, with a 32.49% increase in profit. The company's net worth Soared by an impressive increase of 11.63%.
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What is the Ownership and Shareholding Structure of Economic Food Solutions?
In 2023, Economic Food Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Athulya Foods Private LimitedBinu Cyriac and Cyriac Joseph are mutual person
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Cap Naturals Private Limited
Cyriac Joseph is a mutual person
Charges (Loans)
₹60.83 M
₹10.00 M
Charges Breakdown by Lending Institutions
- Punjab National Bank : 2.69 Cr
- Yes Bank Limited : 2.36 Cr
- Others : 1.04 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2022 | Others | ₹5.00 M | Open |
| 31 Oct 2022 | Others | ₹0.90 M | Open |
| 31 Aug 2021 | Others | ₹1.50 M | Open |
| 22 Nov 2019 | Others | ₹3.00 M | Open |
| 29 Jul 2015 | Yes Bank Limited | ₹2.36 Cr | Open |
How Many Employees Work at Economic Food Solutions?
Economic Food Solutions has a workforce of 21 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Economic Food Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Economic Food Solutions's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.