Kwality Profile
Key Indicators
- Authorised Capital ₹ 100.00 Cr
- Paid Up Capital ₹ 0.10 M
- Company Age 32 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,529.61 Cr
- Satisfied Charges ₹ 2,179.25 Cr
- Revenue Growth -81.38%
- Profit Growth -100.48%
- Ebitda -59.14%
- Net Worth -67.69%
- Total Assets 6.35%
About Kwality
Kwality Limited (KL) is a leading Public Limited Indian Non-Government Company incorporated in India on 21 August 1992 and has a history of 32 years and six months. Its registered office is in Delhi, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 531882 and on the National Stock Exchange(NSE) under KWALITY.
The Corporate was formerly known as Kwality Dairy India 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 2023. It's a company limited by shares with an authorized capital of Rs 100.00 Cr and a paid-up capital of Rs 0.10 M.
The company currently has active open charges totaling ₹1,529.61 Cr. The company has closed loans amounting to ₹2,179.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
Arjun Saraswat, Binod Sahu, and Adarsh Abrol serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Food and Beverages
What products or services does Kwality Limited offer?
Kwality Limited offers a wide range of products and services, including Milk, Milk Powder, Full Cream Milk Powder, Milk & Dairy Products, Dairy Products, Hosting Services, VPS Hosting Services, Curd.
Who are the key members and board of directors at Kwality?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Arjun Saraswat  | Director | 17-Jan-2022 | Current |
| Binod Sahu | Director | 17-Jan-2022 | Current |
| Adarsh Abrol | Director | 26-Dec-2022 | Current |
Financial Performance of Kwality.
Kwality Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 81.38% decrease. The company also saw a substantial fall in profitability, with a 100.48% decrease in profit. The company's net worth observed a substantial decline by a decrease of 67.69%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Kwality?
In 2023, Kwality 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)
Sarda Mines Private LimitedArjun Saraswat and Binod Sahu are mutual person
Eastern Zone Mining AssociationArjun Saraswat is a mutual person
Vishnumaya Universal Private LimitedArjun Saraswat and Binod Sahu are mutual person
- Jagannath Universal Private Limited
Arjun Saraswat and Binod Sahu are mutual person
- Sarda Heights And Dales Private Limited
Arjun Saraswat is a mutual person
- Sarda Merchandise Private Limited
Binod Sahu is a mutual person
Charges (Loans)
Open Charges
₹1,529.61 Cr
Satisfied Charges
₹2,179.25 Cr
Charges Breakdown by Lending Institutions
- Bank Of India : 1126.43 Cr
- Others : 403.18 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2017 | Others | ₹10.00 Cr | Open |
| 01 Sep 2016 | Others | ₹33.48 Cr | Open |
| 24 Jun 2016 | Others | ₹200.00 Cr | Open |
| 24 Jun 2016 | Others | ₹100.00 Cr | Open |
| 09 Nov 2015 | Others | ₹59.70 Cr | Open |
How Many Employees Work at Kwality?
Unlock and access historical data on people associated with Kwality, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Kwality, 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 Kwality'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.
Latest Updates, News, and FAQs on Kwality
Recent activity within the organization
- Annual General Meeting
Kwality Limited last Annual general meeting of members was held on 27 Sep 2023 as per latest MCA records.
- Balance Sheet
Kwality Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
- Director Appointment
Adarsh Kumar Abrol was appointed as a Director was appointed as a Director on 26 Dec 2022 & has been associated with this company since 2 years 2 months .
- Director Appointment
Arjun Saraswat was appointed as a Director was appointed as a Director on 17 Jan 2022 & has been associated with this company since 3 years 1 month .
- Director Appointment
Binod Bihari Sahu was appointed as a Director was appointed as a Director on 17 Jan 2022 & has been associated with this company since 3 years 1 month .
- Charges
A charge with Others of Rs. 100.00 Cr registered on 24 Jun 2016 with Charge ID 100042659 was modified on 18 Jul 2018.
Recent News, Updates & Announcement
Haldiram to Acquire Kwality's Dairy Firm for Rs 130 Crore, Lenders to Vote on Deal in October.Haldiram: "I'll take this dairy firm off your hands for Rs 130 crore, please and thank you." Lenders: "Sure, we'll vote on it later this month." EY guy: "I'll handle the insolvency proceedings, no biggie." KKR: "We tried to save Kwality, but it didn't work out." Kwality: "We took a loan to expand, but now we're in debt." CoC: "Haldiram is the only bidder, so we'll vote on it in October." Lenders: "We'll have to take a big loss on this one." Kwality: "We make milk stuff, but we're not doing so well." Haldiram: "I'll take over your two milk processing units, thanks..
- Cosmo Films-led group keen to bid for Kwality.
ET had reported on September 3 that a team of Haldiram Snacks and Pioneer Securities had offered Rs 128 crore to acquire Kwality that owes Rs 1,969 crore to a clutch of lenders..
- Kwality's Troubling Debt: Creditors Offered Only 7% of What is Owed.
When you owe your lenders Rs 1,969 crore but only get offered Rs 128 crore, you know you're in trouble. Haldiram Snacks and Pioneer Securities are the only ones interested in buying Kwality, but they're only willing to pay a fraction of what is owed. Looks like the creditors will have to take a major haircut of 93%. Good luck, Kwality..
- NCLT Extends Insolvency Resolution Period For Kwality By 90 Days.
Kwality said the NCLT gave a 90-day extension till Sept. 7 for completion of the Corporate Insolvency Resolution Process..
- TPG Capital, Arcion, IndiaRF, Haldiram Snacks, LVP Foods submit bids for Kwality Dairy.
Investors including TPG Cap & LVP Foods submit bids for dairy products maker against which KKR had initiated insolvency proceedings..
Frequently asked questions
What is the Incorporation or founding date of Kwality Limited?
Kwality Limited was incorporated on 21 Aug 1992.
What is authorized share capital and paid-up capital of Kwality Limited?
The authorized share capital of Kwality Limited is ₹ 100.00 Cr and paid-up capital is ₹ 0.10 M.
Who are the current board members & directors of Kwality Limited?
Currently 3 directors are associated with Kwality Limited.
- Arjun Saraswat
- Binod Bihari Sahu
- Adarsh Kumar Abrol
What is the registered address of Kwality Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Kwality Limited is Office No.113 D-248 1St Floor Abhishek Business Center Gali No.10, Laxmi Nagar India, New Delhi, 110092.
What is the corporate identification number (CIN) and company number of Kwality Limited?
The corporate identification number (CIN) of Kwality Limited is U74899DL1992PLC255519 and the company number is 255519 as per Ministry of Corporate Affairs (MCA).
Is Kwality Limited registered with any stock exchange in India?
Yes, Kwality Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): KWALITY.
What is the official website of Kwality Limited?
The Official website of Kwality Limited is https://www.kwality.com
What has been the recent revenue trend for Kwality Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Kwality Limited has fallen by -81.38%.
What change has been observed in the net worth of Kwality Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Kwality Limited has experienced an downturn of -67.69%.
What are the total open charges for Kwality Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Kwality Limited amount to ₹ 1,529.61 Cr.
When was the last Balance Sheet of Kwality Limited filed with the ROC?
The most recent Balance Sheet for Kwality Limited was filed with the ROC on 31 Mar 2023.
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