Faith Industries Limited

Manufacturer and exporter of PVC stabilizers, lubricants, oils, and industrial waxes to 30 countries.

1995 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Faith Industries Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 4.63 Cr
  • Company Age 30 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 87.06 Cr
  • Satisfied Charges ₹ 37.85 Cr
  • Revenue Growth 5.15%
  • Profit Growth -4.51%
  • Ebitda 88.62%
  • Net Worth 16.20%
  • Total Assets 2.41%

About Faith Industries

Faith Industries Limited (FIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 01 March 1995 and has a history of 30 years and two months. Its registered office is in Ahmedabad, Gujarat, India.

The Corporate was formerly known as Faith Waxes And Additives Private Limited. The Company is engaged in the Chemicals And Materials 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 7.00 Cr and a paid-up capital of Rs 4.63 Cr.

The company currently has active open charges totaling ₹87.06 Cr. The company has closed loans amounting to ₹37.85 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Faith Industries Limited India is Vinit Kankariya as CFO. Virendra Kankariya, Vinit Kankariya, Harshvardhan Maheshwari, and Four other members serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51909GJ1995PLC024823

  • Company No.

    024823

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    01 Mar 1995

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Chemicals and Materials

What products or services does Faith Industries Limited offer?

Faith Industries Limited offers a wide range of products and services, including Industrial Chemicals & Supplies, Plastic Chemicals, Petroleum and Petrochemical Products, Solid Paraffin Wax, FRP Lining, PU & Powder Coatings, Road Marking Paints and Coatings, Drilling & Boring Equipment, Land Drilling Rig, PET Granules & Plastic Raw Material, PVC Plastic Granule.

Company report

Faith Industries Limited

Explore comprehensive data for Faith Industries Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Faith Industries?

Executive Team (2)

NameDesignationAppointment DateStatus
Virendra Kankariya Country flag representing In Managing Director16-Nov-2018Current
Vinit Kankariya Country flag representing In CFO16-Nov-2018Current

Board Members (6)

NameDesignationAppointment DateStatus
Harshvardhan Maheshwari Country flag representing In Director 10-Aug-2017Current
Vinit Kankariya Country flag representing In Whole-Time Director and Cfo 16-Nov-2018Current
Sangita Shingi Country flag representing In Director 15-Feb-2024Current
Vinayak Gupta Country flag representing In Director 15-Feb-2024Current
Karan Kankariya Country flag representing In Whole-Time Director 15-Feb-2024Current
Rajeev Kankariya Country flag representing In Whole-Time Director 15-Feb-2024Current

Financial Performance of Faith Industries.

Faith Industries Limited, for the financial year ended 2024, experienced modest growth in revenue, with a 5.15% increase. The company also saw a slight decrease in profitability, with a 4.51% decrease in profit. The company's net worth Soared by an impressive increase of 16.2%.

Faith Industries revenue growth over time
Faith Industries profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
5.15%
Revenue from Operations
5.87%
Total Assets
2.41%
Profit or Loss
-4.51%
Net Worth
16.20%
EBITDA
88.62%

What is the Ownership and Shareholding Structure of Faith Industries?

In 2024, Faith Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹87.06 Cr

Satisfied Charges

₹37.85 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 64.25 Cr
  • Hdfc Bank Limited : 22.69 Cr
  • Others : 0.12 Cr

Latest Charge Details

DateLenderAmountStatus
25 Mar 2022Axis Bank Limited₹43.02 CrOpen
05 Mar 2022Axis Bank Limited₹1.40 CrOpen
07 Oct 2021Hdfc Bank Limited₹22.69 CrOpen
16 Mar 2020Others₹1.16 MOpen
12 Dec 2017Axis Bank Limited₹19.83 CrOpen

How Many Employees Work at Faith Industries?

Faith Industries has a workforce of 13 employees as of Apr 04, 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.

Employee growth trends for Faith Industries Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Faith Industries, 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 Faith Industries's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Faith Industries

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 22.69 Cr registered on 07 Oct 2021 with Charge ID 100495955 was modified on 21 Oct 2024.

  • Charges

    A charge with Axis Bank Limited of Rs. 43.02 Cr registered on 25 Mar 2022 with Charge ID 100559746 was modified on 30 Sep 2024.

  • Annual General Meeting

    Faith Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Axis Bank Limited of Rs. 19.83 Cr registered on 12 Dec 2017 with Charge ID 100152303 was modified on 25 Jul 2024.

  • Balance Sheet

    Faith Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Director Appointment

    Sangita Shingi was appointed as a Director was appointed as a Director on 15 Feb 2024 & has been associated with this company since 1 year 3 months .

Frequently asked questions

  • What is the Incorporation or founding date of Faith Industries Limited?

    Faith Industries Limited was incorporated on 01 Mar 1995.

  • What is authorized share capital and paid-up capital of Faith Industries Limited?

    The authorized share capital of Faith Industries Limited is ₹ 7.00 Cr and paid-up capital is ₹ 4.63 Cr.

  • Who are the current board members & directors of Faith Industries Limited?

    Currently 8 directors are associated with Faith Industries Limited.

    • Virendra Vinaychand Kankariya
    • Vinit Vinaychand Kankariya
    • Harshvardhan Vijaykumar Maheshwari
    • Sangita Shingi
    • Vinayak Gupta
    • Karan Virendra Kankariya
    • Rajeev Kankariya
    • Vinit Vinaychand Kankariya

  • What is the registered address of Faith Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Faith Industries Limited is 701 Shapth 1S G Road India, Ahmedabad, Gujarat, 380015.

  • What is the corporate identification number (CIN) and company number of Faith Industries Limited?

    The corporate identification number (CIN) of Faith Industries Limited is U51909GJ1995PLC024823 and the company number is 024823 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Faith Industries Limited?

    The Official website of Faith Industries Limited is https://www.faithind.com

  • What has been the recent revenue trend for Faith Industries Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for Faith Industries Limited has risen by 5.15%.

  • How many employees does Faith Industries Limited currently have?

    As Per 2024 financial reports, 13 employees are currently employed by Faith Industries Limited.

  • What change has been observed in the net worth of Faith Industries Limited, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Faith Industries Limited has experienced an upsurge of 16.20%.

  • What are the total open charges for Faith Industries Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for Faith Industries Limited amount to ₹ 87.06 Cr.

  • When was the last Balance Sheet of Faith Industries Limited filed with the ROC?

    The most recent Balance Sheet for Faith Industries Limited was filed with the ROC on 31 Mar 2024.

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