Kanel Industries Limited

Processes and exports various grades of castor oil and offers branded edible oils.

1992 | Ahmedabad, Gujarat (India) | Active
Last Updated: January 18, 2025

Kanel Industries Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 18.41 Cr
  • Company Age 33 Year, 23 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 69.94 Cr
  • Satisfied Charges ₹ 85.55 Cr
  • Revenue Growth 125.32%
  • Profit Growth 109.29%
  • Ebitda 1.40%
  • Net Worth 0.23%
  • Total Assets -54.10%

About Kanel Industries

Kanel Industries Limited (KIL) is a Public Limited Indian Non-Government Company incorporated in India on 29 January 1992 and has a history of 33 years. Its registered office is in Ahmedabad, Gujarat, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500236.

The Corporate was formerly known as Kanel Oil And Export Industries Limited. The Company is engaged in the Agriculture 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 20.00 Cr and a paid-up capital of Rs 18.41 Cr.

The company currently has active open charges totaling ₹69.94 Cr. The company has closed loans amounting to ₹85.55 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Kanel Industries Limited India is Dhiren Thakkar as CFO. Keyoor Bakshi, Kamini Bakshi, and Harshit Kachchhi serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    kanel.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L15140GJ1992PLC017024

  • Company No.

    017024

  • Stock Symbol

    BSE : 500236

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    29 Jan 1992

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Agriculture
Food and Beverages

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

Executive Team (1)

NameDesignationAppointment DateStatus
Dhiren Thakkar Country flag representing In CFO05-Sep-2018Current

Board Members (3)

NameDesignationAppointment DateStatus
Harshit Kachchhi Country flag representing In Director 25-Oct-2024Current
Keyoor Bakshi Country flag representing In Director 25-Oct-2024Current
Kamini Bakshi Country flag representing In Director 25-Oct-2024Current

Financial Performance of Kanel Industries.

Kanel Industries Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 125.32% increase. The company also saw a substantial improvement in profitability, with a 109.29% increase in profit. The company's net worth moved up by a moderate rise of 0.23%.

Graph illustrating revenue growth over time
Graph showing 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
125.32%
Revenue from Operations
-36.94%
Total Assets
-54.10%
Profit or Loss
109.29%
Net Worth
0.23%
EBITDA
1.40%

What is the Ownership and Shareholding Structure of Kanel Industries?

In 2022, Kanel Industries had a promoter holding of 0.70% and a public holding of 99.29%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹69.94 Cr

Satisfied Charges

₹85.55 Cr

Charges Breakdown by Lending Institutions

  • Dena Bank : 69.75 Cr
  • Anz Grindlays Bank : 0.19 Cr

Latest Charge Details

DateLenderAmountStatus
19 Mar 1998Dena Bank₹65.75 CrOpen
23 Dec 1997Dena Bank₹2.00 CrOpen
01 Aug 1997Dena Bank₹2.00 CrOpen
10 Oct 1996Anz Grindlays Bank₹1.87 MOpen
30 Dec 2006Kotak Mahindra Bank Ltd.₹2.00 CrSatisfied

How Many Employees Work at Kanel Industries?

Unlock and access historical data on people associated with Kanel Industries, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Kanel 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 Kanel 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 Kanel Industries

Recent activity within the organization

  • Director Appointment

    Keyoor Madhusudan Bakshi was appointed as a Director was appointed as a Director on 25 Oct 2024 & has been associated with this company since 3 months 28 days .

    25 Oct 2024

  • Director Appointment

    Kamini Keyoor Bakshi was appointed as a Director was appointed as a Director on 25 Oct 2024 & has been associated with this company since 3 months 28 days .

    25 Oct 2024

  • Director Appointment

    Harshit Maulinbhai Kachchhi was appointed as a Director was appointed as a Director on 25 Oct 2024 & has been associated with this company since 3 months 28 days .

    25 Oct 2024

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

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

    31 Mar 2024

  • Charges

    A charge registered on 23 Jan 1998 via Charge ID 90098769 with Asset Reconstruction Company (India) Limited was fully satisfied on 18 Mar 2021.

    18 Mar 2021

Frequently asked questions

  • Kanel Industries Limited was incorporated on 29 Jan 1992.

  • The authorized share capital of Kanel Industries Limited is ₹ 20.00 Cr and paid-up capital is ₹ 18.41 Cr.

  • Currently 4 directors are associated with Kanel Industries Limited.

    • Keyoor Madhusudan Bakshi
    • Kamini Keyoor Bakshi
    • Harshit Maulinbhai Kachchhi
    • Dhiren Kanaiyalal Thakkar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Kanel Industries Limited is 1503 Westport Sindhu Bhavan Road, Nr. S P Ring Ahmedabad India, Daskroi, Gujarat, 380059.

  • The corporate identification number (CIN) of Kanel Industries Limited is L15140GJ1992PLC017024 and the company number is 017024 as per Ministry of Corporate Affairs (MCA).

  • Yes, Kanel Industries Limited is registered on Bombay Stock Exchange (BSE).

  • The Official website of Kanel Industries Limited is https://www.kanel.in

  • According to the financial reports for the fiscal year 2022, the revenue trend for Kanel Industries Limited has risen by 125.32%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Kanel Industries Limited has experienced an upsurge of 0.23%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Kanel Industries Limited amount to ₹ 69.94 Cr.

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

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