Laxmi Organic Industries Profile
Key Indicators
- Authorised Capital ₹ 76.00 Cr
- Paid Up Capital ₹ 55.29 Cr
- Company Age 35 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,594.76 Cr
- Satisfied Charges ₹ 568.76 Cr
- Revenue Growth -9.86%
- Profit Growth -41.71%
- Ebitda -22.92%
- Net Worth 10.40%
- Total Assets 9.31%
About Laxmi Organic Industries
Laxmi Organic Industries Limited (LOIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 15 May 1989 and has a history of 35 years and nine months. Its registered office is in Raigarh, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 543277 and on the National Stock Exchange(NSE) under LXCHEM.
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 76.00 Cr and a paid-up capital of Rs 55.29 Cr.
The company currently has active open charges totaling ₹1,594.76 Cr. The company has closed loans amounting to ₹568.76 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Laxmi Organic Industries Limited India are Rajan Venkatesh as the Chief Executive Officer (CEO), Tanushree Bagrodia serving as the Chief Financial Officer (CFO), and Aniket Hirpara as Company Secretary. Ravi Vasudeo, Rajeev Goenka, Manish Chokhani, and Six other members serve as directors at the Company.
Company Details
- Location
Raigarh, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Chemicals and Materials
What products or services does Laxmi Organic Industries Limited offer?
Laxmi Organic Industries Limited offers a wide range of products and services, including Pharmaceutical Services, Life Science Service.
Who are the key members and board of directors at Laxmi Organic Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tanushree Bagrodia  | CFO(Kmp) | 06-May-2022 | Current |
| Rajan Venkatesh | Managing Director | 03-Apr-2023 | Current |
| Aniket Hirpara | Company Secretary | 01-Sep-2012 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sangeeta Singh | Director | 04-Sep-2017 | Current |
Rajiv Banavali  | Director | 18-May-2021 | Current |
| Rajeev Vaidya | Director | 25-Nov-2020 | Current |
| Ravi Vasudeo | Wholetime Director | 01-May-2010 | Current |
| Rajeev Goenka | Director | 12-Aug-1994 | Current |
| Manish Chokhani | Director | 23-Nov-2001 | Current |
Financial Performance of Laxmi Organic Industries.
Laxmi Organic Industries Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.86% decrease. The company also saw a substantial fall in profitability, with a 41.71% decrease in profit. The company's net worth Soared by an impressive increase of 10.4%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Laxmi Organic Industries?
In 2023, Laxmi Organic Industries had a promoter holding of 72.50% and a public holding of 27.49%. The company had 4 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Maharashtra Aldehydes And Chemicals LtdRavi Vasudeo and Rajeev Goenka are mutual person
Indian Chemical CouncilRavi Vasudeo is a mutual person
- Laxmi Bioenergie Limited.
Ravi Vasudeo, Rajeev Goenka and 1 more are mutual person
- Laxmi Tank Terminal Private Limited
Rajeev Goenka is a mutual person
- Laxmi Capital Services Private Limited
Rajeev Goenka is a mutual person
Welspun Corp LimitedManish Chokhani is a mutual person
Charges (Loans)
Open Charges
₹1,594.76 Cr
Satisfied Charges
₹568.76 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 717.38 Cr
- State Bank Of India : 226.00 Cr
- Hdfc Bank Limited : 200.00 Cr
- Citi Bank N.A. : 186.38 Cr
- Axis Bank Limited : 125.00 Cr
- Others : 140.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Mar 2022 | Axis Bank Limited | ₹125.00 Cr | Open |
| 03 Sep 2019 | Idbi Trusteeship Services Limited | ₹717.38 Cr | Open |
| 07 Aug 2018 | Citi Bank N.A. | ₹26.38 Cr | Open |
| 12 Apr 2017 | Hdfc Bank Limited | ₹200.00 Cr | Open |
| 23 Dec 2016 | Citi Bank N.A. | ₹160.00 Cr | Open |
How Many Employees Work at Laxmi Organic Industries?
Laxmi Organic Industries has a workforce of 926 employees as of Jun 19, 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 Laxmi Organic 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 Laxmi Organic 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.
Latest Updates, News, and FAQs on Laxmi Organic Industries
Recent activity within the organization
- Annual General Meeting
Laxmi Organic Industries Limited last Annual general meeting of members was held on 03 Aug 2023 as per latest MCA records.
- Director Appointment
Rajan Venkatesh was appointed as a Managing Director was appointed as a Managing Director on 03 Apr 2023 & has been associated with this company since 1 year 10 months .
- Balance Sheet
Laxmi Organic Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge registered on 29 Apr 2017 via Charge ID 100152694 with Bmw India Financial Services Private Limited was fully satisfied on 27 Apr 2022.
- Charges
A charge with Idbi Trusteeship Services Limited of Rs. 717.38 Cr registered on 03 Sep 2019 with Charge ID 100290773 was modified on 22 Apr 2022.
- Charges
A charge with Axis Bank Limited amounted to Rs. 125.00 Cr with Charge ID 100559935 was registered on 29 Mar 2022.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Laxmi Organic Industries Limited?
Laxmi Organic Industries Limited was incorporated on 15 May 1989.
What is authorized share capital and paid-up capital of Laxmi Organic Industries Limited?
The authorized share capital of Laxmi Organic Industries Limited is ₹ 76.00 Cr and paid-up capital is ₹ 55.29 Cr.
Who are the current board members & directors of Laxmi Organic Industries Limited?
Currently 12 directors are associated with Laxmi Organic Industries Limited.
- Ravi Goenka Vasudeo
- Rajeev Vasudeo Goenka
- Manish Balkishan Chokhani
- Sangeeta Kapil Jit Singh
- Rajan Venkatesh
- Rajiv Manohar Banavali
- Harshvardhan Ravi Goenka
- Rajeev Arvind Vaidya
- Omprakash Venkatswamy Bundellu
- Rajan Venkatesh
- Tanushree Shyam Bagrodia
- Aniket Bavchandbhai Hirpara
What is the registered address of Laxmi Organic Industries Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Laxmi Organic Industries Limited is A-22/2/3 Midc, Mahad, Maharashtra, India, 402309.
What is the corporate identification number (CIN) and company number of Laxmi Organic Industries Limited?
The corporate identification number (CIN) of Laxmi Organic Industries Limited is L24200MH1989PLC051736 and the company number is 051736 as per Ministry of Corporate Affairs (MCA).
Is Laxmi Organic Industries Limited registered with any stock exchange in India?
Yes, Laxmi Organic Industries Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): LXCHEM.
What is the official website of Laxmi Organic Industries Limited?
The Official website of Laxmi Organic Industries Limited is https://www.laxmi.com
What has been the recent revenue trend for Laxmi Organic Industries Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Laxmi Organic Industries Limited has fallen by -9.86%.
How many employees does Laxmi Organic Industries Limited currently have?
As Per 2023 financial reports, 926 employees are currently employed by Laxmi Organic Industries Limited.
What change has been observed in the net worth of Laxmi Organic Industries Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Laxmi Organic Industries Limited has experienced an upsurge of 10.40%.
What are the total open charges for Laxmi Organic Industries Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Laxmi Organic Industries Limited amount to ₹ 1,594.76 Cr.
When was the last Balance Sheet of Laxmi Organic Industries Limited filed with the ROC?
The most recent Balance Sheet for Laxmi Organic Industries Limited was filed with the ROC on 31 Mar 2023.
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