COMPANY INTELLIGENCE PROFILE
Jayamm Milk Products Private Limited
Theni (Tamil Nadu)-based dairy manufacturer trading under the "Swastika" brand — ghee, paneer, butter, skimmed milk powder and flavoured milk sourced from ~3,000 South Indian farmers.
Swastika is a dairy manufacturer based in Theni, Tamil Nadu, producing items like ghee and paneer, sourced from approximately 3,000 South Indian farmers. Incorporated in July 2022, the company has grown to employ around 98 people. Financial signals suggest potential distress, although its status as "Under CIRP" remains unconfirmed. Revenue for FY2023 was ₹63.43 crore, with borrowings around ₹27-38 crore. No public institutional funding has been identified.
AI-generated, may contain errors.
Business Overview
- Manufactures and markets dairy products under the "Swastika" brand: cow ghee, fresh butter, skimmed milk powder, flavoured milk, badaam/rose/strawberry/vanilla/pista, and paneer.
- LinkedIn describes it as a "leading manufacturer and supplier of dairy products spanning across pan India," sourcing milk from Tamil Nadu and Andhra Pradesh via ~3,000 farmer partners, per Bitvarium/website-agency portfolio description of jmppl.com.
- Founded 2022, HQ Chennai per LinkedIn, registered office Theni.
- LinkedIn states company size 51-200 employees
- TheCompanyCheck's EPFO count shows 98 employees, as of 29-Mar-2024, +250% YoY growth, — different methodologies, do not mix, per known EPFO-vs-platform-estimate trap.
- IndiaMART listing, a much smaller/older listing, 9 years on platform, shows "up to 10 employees" and CEO named "Johnson" — this figure looks stale/generic-template and is not treated as authoritative for headcount.
Sector & Classification
NIC 15201 — Manufacture of dairy products (food & beverages sector); TheCompanyCheck confirms NIC 15201, Falconebiz/Tofler describe as "Manufacturing of Dairy Products." Confirmed.
Directors & Key Management
Directors — source notes
Best DIN source (Falconebiz) lists 5 directors: Palanisamy Thiyagarajan (DIN 08967637), Srinivasan Balaji (DIN 09648851, also shareholder), Gopalsamy Dhivya (DIN 09652328, also shareholder), Prabakaran Pichaimani (DIN 10323880), Dharmalingam Praveenkumar (DIN 10753993). TheCompanyCheck's current-director list shows only 4 (omits Prabakaran Pichaimani) with appointment dates: Praveenkumar and Thiyagarajan appointed as Additional Directors 28-Aug-2024; Balaji and Dhivya are founding directors from incorporation (12-Jul-2022). DINs are Falconebiz-sourced only (single source) — treated as partial/unverified against a second DIN source.
GST Registrations
Two GSTINs identified via aggregator search (knowyourgst/piceapp/ClearTax), corroborated across ≥2 sources each: (1) 33AAFCJ6800R1Z8 — Tamil Nadu, jurisdiction Theni-II (Andipatti), registered 01-Aug-2022; status conflicting — ClearTax compliance-report API shows "Active" (last updated 06-Sep-2024) while PICE shows "Suspended" with principal place of business at Madhavaram, Chennai; proprietors/authorized signatories listed as Gopalsamy Dhivya and Srinivasan Balaji. (2) 37AAFCJ6800R1Z0 — Andhra Pradesh, jurisdiction Palamaneru/Madanapalle Range, registered 31-May-2023, status "Active" per ClearTax (last updated 28-Feb-2024). PAN common to both: AAFCJ6800R. #registrations: 2 states (Tamil Nadu home state + Andhra Pradesh). No GSTR-1/3B filing-punctuality or AATO data obtainable (blocked per standing source-map).
Financials
Jayamm Milk Products Private Limited reported a revenue of ₹63.43 Crore for FY2023. The company's total borrowings range from ₹27 Crore to ₹38 Crore, depending on the source. Financial details like EBITDA, PAT, and net worth were not disclosed.
AI-generated, may contain errors.
- Only FY2023, year ended 31-Mar-2023, figures are visible without a paid subscription: Revenue ₹63.43 Crore, TheCompanyCheck; Tofler corroborates with a "₹50-75 Crore" revenue band — consistent.
- EBITDA, PAT and net worth are locked behind premium access on all aggregators checked — "not obtained." Total borrowings/open charges ≈ ₹27 Crore, TheCompanyCheck, vs Tofler's itemised list summing to ₹38 Crore open, Canara ₹25 Cr + Kotak Mahindra ₹10 Cr + BOI ₹2 Cr + Samunnati ₹1 Cr, — the ₹10 Cr Kotak Mahindra charge, dated 24-Apr-2024, is classified as "Open" by Tofler but as "Satisfied" by TheCompanyCheck
- Flagged as a source conflict. Basis, standalone/consolidated, not stated by either aggregator — assume standalone, no subsidiaries reported. Last audited balance sheet on file: 31-Mar-2023
- Last AGM 22-Dec-2023, no FY2024/FY2025 filings visible on free tiers, consistent with a company that may be in financial distress.
Funding History
- No institutional/VC funding rounds found on Tracxn-style sources or general search
- No news coverage on Entrackr/Inc42/Moneycontrol identified. Likely bank-debt/promoter-funded — "not obtained" for any equity funding round.
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| Canara Bank | ₹25 Cr | created 21-May-2024 |
| Bank of India | ₹2 Cr | created 23-Mar-2023 |
| Kotak Mahindra Bank | ₹10 Cr | created 24-Apr-2024 |
| Samunnati Financial Intermediation | ₹1 Cr | created 19-Dec-2023 |
| are explicitly non-zero and material relative to the | ~₹51 Lakh | paid-up capital and ~₹63 Cr revenue |
- Open charges ≈ ₹27-38 Cr depending on source, see Financials for conflict.
- Itemised (Tofler): TheCompanyCheck agrees, TheCompanyCheck agrees, status disputed open vs satisfied, TheCompanyCheck marks this satisfied
- TheCompanyCheck additionally shows two other satisfied charges dated 26-Dec-2023 (₹4 Cr) and 24-Apr-2024 (₹10 Cr) under "Others." Total satisfied per TheCompanyCheck: ₹15 Cr.
- Per standing rule, "no open charges" would not mean none-ever, but here open charges
Credit Ratings
- None found. No CRISIL/ICRA/CARE rating for this company surfaced in search — consistent with a company of this size not having a public bond/bank-facility rating, or the rating simply not being indexed. "Not obtained."
Legal & Compliance
- No matching results on Indian Kanoon for the company name or its directors.
- No NCLT/IBBI/CIRP record found independently despite targeted search — this does NOT corroborate but also does not rule out Tofler's "Under CIRP" status flag, see Status field.
- Treat CIRP status as unconfirmed/single-source pending manual check of the NCLT Coimbatore/Chennai bench cause list or the IBBI CIRP database directly.
Competitive Landscape
- Regional/national dairy peers, JMPPL is materially smaller-scale, ~₹63 Cr revenue vs these: Hatsun Agro Products, large-cap, pan-India, ~₹8,000+ Cr revenue, Heritage Foods, large, Andhra/Telangana-rooted, listed, Dodla Dairy, large, listed, South India-focused, Milky Mist Dairy Food, large private, Tamil Nadu-based, direct regional/product overlap - ghee/paneer/dairy, Tirumala Milk Products/Lactalis India, large, Andhra-based, Aavin, Tamil Nadu Co-operative Milk Producers' Federation — public-sector cooperative, dominant in TN dairy.
Frequently Asked Questions
What does the company do?
The company is a dairy manufacturer based in Theni, Tamil Nadu, trading under the "Swastika" brand. It produces and markets dairy products such as ghee, paneer, butter, skimmed milk powder, and flavored milk. The company sources its milk from approximately 3,000 farmers in South India.
When was the company incorporated?
The company was incorporated on 12 July 2022.
What is the company's CIN?
The company's CIN is U15201TZ2022PTC039425.
What is the company's GSTIN in Tamil Nadu?
The company's GSTIN in Tamil Nadu is 33AAFCJ6800R1Z8. The status of this GSTIN is conflicting, with ClearTax showing it as 'Active' and PICE showing it as 'Suspended'.
What is the company's registered office?
The registered office of the company is located at D No 162/Ward 1, GH Near Govindanagram, Theni, Tamil Nadu to 625517.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.