Faith Industries Profile
Key Indicators
- Authorised Capital ₹ 7.00 Cr
- Paid Up Capital ₹ 4.63 Cr
- Company Age 29 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 80.66 Cr
- Satisfied Charges ₹ 37.85 Cr
- Revenue Growth 46.53%
- Profit Growth 152.17%
- Ebitda 57.26%
- Net Worth 20.44%
- Total Assets 19.16%
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 29 years and 11 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 2023. 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 ₹80.66 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 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
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.
Who are the key members and board of directors at Faith Industries?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Virendra Kankariya  | Managing Director | 01-Mar-1995 | Current |
| Vinit Kankariya | CFO | 01-Dec-2017 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Harshvardhan Maheshwari | Director | 10-Aug-2017 | Current |
| Vinit Kankariya | Whole-Time Director and Cfo | 20-Feb-2008 | Current |
| Sangita Shingi | Director | 23-Feb-2024 | Current |
| Vinayak Gupta | Director | 23-Feb-2024 | Current |
| Karan Kankariya | Whole-Time Director | 23-Feb-2024 | Current |
| Rajeev Kankariya | Whole-Time Director | 23-Feb-2024 | Current |
Financial Performance of Faith Industries.
Faith Industries Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 46.53% increase. The company also saw a substantial improvement in profitability, with a 152.17% increase in profit. The company's net worth Soared by an impressive increase of 20.44%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Faith Industries?
In 2023, 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.
Related Corporates (Common Directorship)
Shree Extrusions LimitedSangita Shingi is a mutual person
Manaar Exports Private LimitedHarshvardhan Maheshwari is a mutual person
Mahalaxmi Rubtech LtdSangita Shingi is a mutual person
Euphoria Packaging Private LimitedVinayak Gupta is a mutual person
Riddhi Siddhi Gluco Biols LimitedSangita Shingi is a mutual person
Veer Stud Farm Fresh LlpVirendra Kankariya is a mutual person
Charges (Loans)
₹80.66 Cr
₹37.85 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 64.25 Cr
- Hdfc Bank Limited : 16.29 Cr
- Others : 0.12 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 2022 | Axis Bank Limited | ₹43.02 Cr | Open |
| 05 Mar 2022 | Axis Bank Limited | ₹1.40 Cr | Open |
| 07 Oct 2021 | Hdfc Bank Limited | ₹16.29 Cr | Open |
| 16 Mar 2020 | Others | ₹1.16 M | Open |
| 12 Dec 2017 | Axis Bank Limited | ₹19.83 Cr | Open |
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.
Deals i
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
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.
