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Value Industries Ltd
Paramount House
C-125,Phase-I, Naraina Industrial Area
Phone: +91 2431252501p:+91 2431252501 AURANGABAD, 431105  India Ticker: VALUEINDVALUEIND
On 5/7/2018, it was announced that a consortium of lenders led by State Bank of India had filed an Insolvency Petition against Value Industries Ltd with the National Company Law Tribunal.
On 6/6/2018, the Mumbai Bench of the National Company Law Tribunal admitted Insolvency proceedings for Videocon Industries Ltd. filed by State Bank of India pursuant to the Insolvency and Bankruptcy Code. Anuj Jain of KPMG was appointed as the Interim Resolution Professional for the Company.
On 8/8/2019, the National Company Law Tribunal appointed Mahendra Khandelwal as Resolution Professional of Videocon Industries Ltd. to consolidate the Corporate Insolvency Resolution Process of 13 Videocon group entities. The 13 entities are - Videocon Industries Ltd., Millennium Appliances India Ltd, PE Electronics Ltd., Sky Appliances Ltd, Techno Electronics Ltd., Evans Fraser & Co (India) Ltd., Electroworld Digital Solutions Ltd., Value Industries Ltd., Applicomp (India) Ltd., Techno Kart India Ltd., Century Appliances Ltd., and CE India Ltd.
Two of Videocon Industries' entities were not consolidated with the others- KAIL Ltd. and Trend Electronics Ltd.
This is a Subsidiary, click here for the Parent Company
Business Summary
Value Industries Limited is an India-based company, which is engaged in manufacturing, wholesaling and retail trading of consumer electronics and home appliances items. The Company is also engaged in the business of manufacturing and trading consumer electronics goods, including washing machines, air conditioners, refrigerators, and other home appliances. The Company is primarily engaged in the manufacturing and trading of various products, such as Washing Machines, Refrigerators, Air Conditioners (ACs) and other home appliances. The Company focuses on introducing front loading, top loading fully automatic and semi-automatic washing machines. Its white goods comprise air conditioners, washing machines and refrigerators; brown goods comprise the cooking range, vacuum cleaners, fans, water purifiers, and consumer electronics comprise television, computers, mobile phones, laptops, and gaming consoles.
(Source: 10-K405)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20233/31/2019Yes----

Industries
SIC Code Description
3639 Household appliances, not elsewhere classified
3585 Air-conditioning and warm air heating equipment

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Whole-Time Director Shyam R.Lalsare 50 10/5/2020 10/5/2020
Director Bhujang S.Kakade 5/12/2021 5/30/2016
Additional Director Deepak A.Pednekar 55 1/25/2018 1/25/2018
Non-Executive Independent Director Avinash H.Malpani 42 9/30/1996 9/30/1996

Business Names
Business Name
500945
Value Industries Ltd
Value Industries Ltd(NDA)
VALUEIND

General Information
Number of Employees: 750 (As of 12/31/2013)
Outstanding Shares: 39,185,675 (As of 3/31/2023)
Shareholders: 70,119
Stock Exchange: NSE
Fax Number: +91 2431251551


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Friday, April 19, 2024