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Synthite Industries Private Limited is a leading manufacturer in the spices and specialty ingredients industry, operating primarily in India with a growing international presence. The company specializes in the production of extracts and oils from natural spices, catering to food, beverage, and cosmetic sectors, thereby enhancing product quality and flavor while promoting health benefits.
Synthite Industries Private Limited, is an unlisted private company incorporated on 23 July, 1970. It is classified as a private limited company and is located in , Kerala. It's authorized share capital is INR 25.00 cr and the total paid-up capital is INR 1.05 cr.
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** All rupee values in INR crores. Based on March 2024 numbers.
* GST not included
** Reports & MCA filings will be based on the latest available financials.
** Delivery timelines are on best-effort basis during working hours. Filings 3-4 hours. Reports 24-48 hours.
* INR 349 for 20+ credits purchase
1 credit = one company dashboard
| State | Type | Address |
|---|
| Designation | Name | DIN/PAN | Tenure |
|---|---|---|---|
| Director | Paolo George
Shareholder
|
05174645 | 6 years |
| Director | Jacob Ninan
Shareholder
|
08759331 | 4 years |
| Director | Ashok Mani
Shareholder
|
06846169 | 4 years |
| Managing Director | Varghese Jacob
Shareholder
|
00030179 | 18 years |
| Whole-time Director | Aju Jacob
Shareholder
|
00030332 | 18 years |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | 1,470.3 | 1,634.0 | 2,013.4 | 2,050.2 | 2,149.9 |
| Operating profit | 114.0 | 274.5 | 306.2 | 182.6 | 213.9 |
| Net profit | 83.6 | 196.9 | 264.1 | 275.4 | 128.4 |
| Gross margin | 32.4 | 36.2 | 34.9 | 34.5 | 29.8 |
| Operating margin | 7.8 | 16.8 | 15.2 | 8.9 | 9.9 |
| Net margin | 5.5 | 11.7 | 12.6 | 12.0 | 5.8 |
| Networth | 1,259.4 | 1,443.1 | 1,726.5 | 2,051.7 | 2,192.7 |
| Borrowings | 199.8 | 356.1 | 410.3 | 349.1 | 545.9 |
| Assets | 1,668.5 | 2,127.5 | 2,510.4 | 2,815.2 | 3,060.0 |
| Debt to equity | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Current ratio | 2.9 | 2.4 | 2.4 | 2.7 | 2.7 |
| ROE | 6.6 | 13.7 | 15.3 | 13.4 | 5.9 |
| Days payable | 51.0 | 89.0 | 82.0 | 62.0 | 35.0 |
| WC days | 162.0 | 190.0 | 179.0 | 201.0 | 216.0 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 1.1 | 1.1 | 1.1 | 1.1 | 1.0 |
| Reserves | 1,258.3 | 1,442.1 | 1,725.4 | 2,050.6 | 2,191.6 |
| Borrowings + | 199.8 | 356.1 | 410.3 | 349.1 | 545.9 |
| Long term borrowings | 39.5 | 36.7 | 35.0 | 31.5 | 21.5 |
| Short term borrowings | 160.3 | 319.4 | 375.3 | 317.6 | 524.4 |
| Trade payables + | 139.3 | 255.4 | 293.4 | 227.0 | 144.5 |
| Days payable | 51.0 | 89.0 | 82.0 | 62.0 | 35.0 |
| Other liabilities + | 209.3 | 328.3 | 373.6 | 414.4 | 321.4 |
| Other non-current liabilities | 27.4 | 40.4 | 37.4 | 69.8 | 87.1 |
| Other current liabilities | 42.6 | 32.5 | 42.8 | 117.6 | 89.8 |
| Total liabilities | 1,668.5 | 2,127.5 | 2,510.4 | 2,815.2 | 3,060.0 |
| Fixed Assets + | 299.3 | 310.1 | 400.4 | 470.6 | 461.3 |
| Tangible assets | 273.6 | 272.9 | 281.3 | 426.9 | 441.4 |
| CWIP | 19.6 | 33.0 | 111.8 | 39.1 | 9.4 |
| Intangible assets | 6.1 | 4.3 | 7.4 | 4.6 | 10.5 |
| LT loans and advances | 4.1 | 4.3 | 6.3 | 8.7 | 5.1 |
| Other non-current assets | 368.9 | 353.6 | 406.9 | 544.0 | 561.9 |
| Current assets + | 996.3 | 1,459.5 | 1,696.8 | 1,791.8 | 2,031.7 |
| Inventories | 410.9 | 574.7 | 813.5 | 781.4 | 1,043.8 |
| Trade receivables | 381.9 | 346.2 | 476.3 | 522.8 | 572.9 |
| Cash and cash equivalents | 35.5 | 60.6 | 47.3 | 48.6 | 37.5 |
| ST loans and advances | 0.4 | 5.2 | 13.6 | 14.9 | 19.0 |
| Other current assets | 167.7 | 472.7 | 346.1 | 424.2 | 358.6 |
| Total assets | 1,668.5 | 2,127.5 | 2,510.4 | 2,815.2 | 3,060.0 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales + | 1,470.3 | 1,634.0 | 2,013.4 | 2,050.2 | 2,149.9 |
| Sales growth % | 10.37 | 11.13 | 23.22 | 1.83 | 4.86 |
| Expenses + | 1,410.9 | 1,410.2 | 1,762.1 | 1,950.8 | 2,047.5 |
| Cost of goods | 994.1 | 1,042.0 | 1,311.5 | 1,342.5 | 1,509.8 |
| Employee cost | 124.3 | 127.2 | 145.2 | 207.5 | 161.9 |
| Other costs | 237.9 | 190.3 | 250.4 | 317.5 | 264.2 |
| Operating profit + | 114.0 | 274.5 | 306.2 | 182.6 | 213.9 |
| Operating margin % | 7.8 | 16.8 | 15.2 | 8.9 | 9.9 |
| Other income | 63.4 | 48.7 | 78.1 | 237.2 | 69.4 |
| Interest | 15.9 | 9.1 | 14.1 | 27.3 | 35.4 |
| Depreciation | 38.7 | 41.6 | 40.8 | 56.0 | 76.1 |
| Exceptional items | - | - | 20.1 | 12.7 | 1.4 |
| Profit before tax | 122.8 | 272.5 | 349.5 | 349.2 | 173.2 |
| Tax | 39.2 | 75.6 | 85.5 | 73.8 | 44.8 |
| Profit - disc. ops | - | - | - | - | - |
| Net profit | 83.6 | 196.9 | 264.1 | 275.4 | 128.4 |
| Net margin % | 5.5 | 11.7 | 12.6 | 12.0 | 5.8 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Solvency + | |||||
| Total Debt/Equity | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Net Debt/Equity | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 |
| Total Debt/Assets | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 |
| Total Assets/Equity | 1.3 | 1.5 | 1.4 | 1.4 | 1.4 |
| Liquidity + | |||||
| Current Ratio | 2.9 | 2.4 | 2.4 | 2.7 | 2.7 |
| Quick Ratio | 1.7 | 1.5 | 1.2 | 1.5 | 1.3 |
| Interest Coverage | 7.2 | 30.3 | 21.8 | 6.7 | 6.0 |
| Performance | |||||
| Gross Margin | 32.4 | 36.2 | 34.9 | 34.5 | 29.8 |
| Operating Margin | 7.8 | 16.8 | 15.2 | 8.9 | 9.9 |
| Net Margin | 5.5 | 11.7 | 12.6 | 12.0 | 5.8 |
| Return + | |||||
| Return on Equity | 6.6 | 13.7 | 15.3 | 13.4 | 5.9 |
| Pre-tax ROCE | 7.9 | 20.0 | 19.1 | 7.9 | 7.9 |
| Return on Assets | 5.0 | 9.3 | 10.5 | 9.8 | 4.2 |
| Pre-tax ROIC | 5.3 | 13.4 | 12.7 | 5.4 | 5.1 |
| Efficiency + | |||||
| Days Payable | 51.0 | 89.0 | 82.0 | 62.0 | 35.0 |
| Days Inventory | 151.0 | 201.0 | 226.0 | 212.0 | 252.0 |
| Days Receivable | 95.0 | 77.0 | 86.0 | 93.0 | 97.0 |
| Fixed Asset Turnover | 4.9 | 5.3 | 5.0 | 4.4 | 4.7 |
| Total Asset Turnover | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 |
| Working Capital | |||||
| Cash Conversion Cycle | 195.0 | 189.0 | 230.0 | 243.0 | 314.0 |
| Working Capital Days | 162.0 | 190.0 | 179.0 | 201.0 | 216.0 |
Union Bank of India
No. of Loans: 2
Total Amount : 267.0 cr
HDFC Bank Limited
No. of Loans: 2
Total Amount : 187.0 cr
ICICI Bank Limited
No. of Loans: 1
Total Amount : 150.0 cr
Standard Chartered Bank
No. of Loans: 1
Total Amount : 150.0 cr
The Federal Bank Limited
No. of Loans: 6
Total Amount : 138.8 cr
The Hongkong and Shanghai Banking Corporation Limited
No. of Loans: 1
Total Amount : 130.0 cr
CitiBank N.A.
No. of Loans: 1
Total Amount : 105.0 cr
DBS Bank Limited
No. of Loans: 1
Total Amount : 50.0 cr
| Name | State / Country | Incorporation Year | Paidup Capital |
|---|---|---|---|
| Synthite (USA) Inc. | United States | - | - |
| Synthite (Xinxiang) Bio Tech Co. Ltd. | China | - | - |
| Synthite Lanka Private Limited | Sri Lanka | - | - |
| Synthite Brasil Impotacao & Exportacao Ltda | Brazil | - | - |
| Sijmak Exports Private Limited | India | - | - |
| Synthite Vietnam LLC | Viet Nam | - | - |
| Synthite (Beijing) Bio Tech Co. Ltd. | China | - | - |
| Synthite (Dezhou) Bio Tech Co. Ltd. | China | - | - |
| Synthite Infrastructure Projects Private Limited | India | - | - |
| Synthite Projects ( Cochin ) Private Limited | India | - | - |
| Synthite Trading FZCO. | United Arab Emirates | - | - |
| Synthite Rwanda Pvt Ltd | Rwanda | - | - |
| Synthite Singapore PTE.LTD | Singapore | - | - |
| Synthite Netherlands B.V | Netherlands | - | - |
| Common Roots Extracts Inc. | Canada | - | - |
| Synthite (Dezhou) Import and Export Co. Ltd. | China | - | - |
| Synthite (USA) Inc | United States | - | - |
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The incorporation date of SYNTHITE INDUSTRIES PRIVATE LIMITED is 23 July, 1970
The authorized share capital of SYNTHITE INDUSTRIES PRIVATE LIMITED is INR ₹ 25.0 Cr.
The paid-up capital of SYNTHITE INDUSTRIES PRIVATE LIMITED is INR ₹ 1.0 Cr.
The registered address of SYNTHITE INDUSTRIES PRIVATE LIMITED is Synthite Corporate House VIII 683-A Kadayirippu, Ernakulam, Kolenchery, Kerala, India, 682311 - 682311
The CIN number of SYNTHITE INDUSTRIES PRIVATE LIMITED is U24299KL1970PTC002294.