About Mcdowell Holdings Limited
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Mcdowell Holdings Limited is a public limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 01 March 2004.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L05190KA2004PLC033485. Its GSTIN is 29AAECM1162E1ZP (Karnataka). It is recorded as listed by MCA, but trading in its shares on BSE (532852) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹13.99 Cr. It was formerly known as Mcdowell India Spirits Limited and United Golden Beverages Limited. It is led by directors Sriramareddy Theerthesh and Murthy Venkata Ramana Gorle.
Its last annual general meeting (AGM) was held on 25 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Ub Tower Level 12 Ub City 24 Vittal Mallya Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.47 Cr, a decline of 86.08% compared to the previous year.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 3 brands: McDowell Holdings Limited, McDowell Holdings and Mcdowell Holdings. Court records list 24 cases involving the company, including 5 filed by the company and 19 filed against it; 4 cases are pending. The company has 124 deals on record (124 market trades); the latest was in May 2022.
The last known website on record is mcdowellholdings.co.in.
Company details
Name history
Mcdowell Holdings has undergone 2 name changes throughout its history. The company was previously known as Mcdowell India Spirits Limited, and United Golden Beverages Limited. The current legal name is Mcdowell Holdings Limited.
| Company Name | Status |
|---|---|
| Mcdowell Holdings Limited | Current |
| Mcdowell India Spirits Limited | Previous |
| United Golden Beverages Limited | Previous |
Contact details
Mcdowell Holdings Limited's registered office is in Bangalore, Karnataka. Its website is mcdowellholdings.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUb Tower Level 12 Ub City 24 Vittal Mallya Road, Bangalore, Karnataka, India – 560001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Mcdowell Holdings Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Mcdowell Holdings operates multiple associated brands including McDowell Holdings Limited, McDowell Holdings, and Mcdowell Holdings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of astrology services | mcdowellholdings.in | |
| Investment consulting services are provided to clients worldwide. | mcdowellholdings.com | |
| Investment holding and beverages-related activities in India. | mcdowellholdings.co.in |
Business activity
Mcdowell Holdings operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Mcdowell Holdings Limited, buy the company report.
Financials of Mcdowell Holdings Limited
FY 2021 filings availableMcdowell Holdings Limited reported revenue of ₹2.47 Cr (down 86.08% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 86.08% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
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| Total Revenue | ₹2.47 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Mcdowell Holdings Limited, buy the company report.
Board of directors of Mcdowell Holdings Limited
Mcdowell Holdings has 2 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sriramareddy Theerthesh Also directs: Concord Law Partners LLP | Additional Director | 13 Nov 2020 | 5 Years 11 Months | As last reported |
| Murthy Venkata Ramana Gorle | Additional Director | 17 Nov 2021 | 4 Years 11 Months | As last reported |
Auditor
Mcdowell Holdings Limited is audited by B V C & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B V C & CO | FY 2021 | 008154S |
Shareholding
The shareholding of Mcdowell Holdings Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mcdowell Holdings Limited, buy the company report.
Deals & funding
Mcdowell Holdings Limited has 124 deals on record (124 market trades); the latest was in May 2022.
Deals on record (5 of 124)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Market trade | ₹93.6 Lakh | Buyer: Alpha Leon Enterprises LLP Seller: Alpha Leon Enterprises LLP , an individual |
| Sep 2021 | Market trade | ₹1.27 Cr | Buyer: Advik Tecnocommercial Private Limited , S&D Share & Stock Private Limited Seller: an individual |
| Sep 2021 | Market trade | ₹4.28 Cr | Buyer: Mansi Shares & Stock Advisors Pvt Ltd, Besseggen Infotech LLP , 2 individuals Seller: Alpha Leon Enterprises LLP , Besseggen Infotech LLP , Mansi Shares & Stock Advisors Pvt Ltd, an individual |
| Sep 2021 | Market trade | ₹44.5 Lakh | Buyer: Besseggen Infotech LLP |
| Jun 2021 | Market trade | ₹72.8 Lakh | Seller: Padrone Marketing Pvt Ltd |
To see the full deal history of Mcdowell Holdings Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mcdowell Holdings Limited has 24 court cases on record: 5 filed by Mcdowell Holdings, 19 filed against it. 4 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 3 | 1 |
| NCLAT | 7 | 7 | 1 |
| District courts | 6 | 5 | 1 |
| Supreme Court | 3 | 3 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1001-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters relating to winding up) | Filed against the company by Equity Intelligence India Private Limited A Company Having Its Registered Office at 5Th Floor, Areekal Mansion, Panampilly Nagar, , District: Cochin , , Kerala and 8 others | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Padrone Marketing Pvt Ltd | Pending |
| High Court of Karnataka | Court case (CRL.P) | Filed by the company against M/S Integrated Enterprises India Limited and 1 other | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Equity Intelligence India Private Limited and 7 others | Disposed |
| NCLAT, Court I | Tribunal matter | Filed against the company by Padrone Marketing Pvt Ltd | Disposed |
To see the full case history of Mcdowell Holdings Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mcdowell Holdings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mcdowell Holdings Limited has a workforce of 1 employees on its EPFO records as of Mar 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 1 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Mcdowell Holdings Limited, buy the company report.
GST
Mcdowell Holdings has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM1162E1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mcdowell Holdings Limited, buy the company report.
Recent activity
Mcdowell Holdings Limited has 44 board changes on record since 2004: 23 appointments and 21 cessations. The latest: Nanjundaiah Ramanna ceased to be Additional Director on 17 Feb 2022.
35 earlier events are in the company report.
Frequently asked questions
Mcdowell Holdings is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Mcdowell Holdings is a company under insolvency, formerly operating as a public limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 01 March 2004 and is registered under CIN L05190KA2004PLC033485. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mcdowell Holdings has 2 current directors:
- Sriramareddy Theerthesh - Additional Director
- Murthy Venkata Ramana Gorle - Additional Director
The latest financial statements of Mcdowell Holdings on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 25 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mcdowell Holdings is L05190KA2004PLC033485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mcdowell Holdings is recorded as a listed company by MCA, but trading in its shares on BSE (532852) has been suspended, so they do not currently trade on a stock exchange.
Mcdowell Holdings has 24 court cases on record: 5 filed by the company and 19 filed against it. 4 are pending. Most are in the high courts.
Mcdowell Holdings was incorporated on 01 March 2004. It is registered with the Registrar of Companies, Bangalore.
Mcdowell Holdings has 124 deals on record (124 market trades); the latest was in May 2022.
Nanjundaiah Ramanna ceased to be Additional Director on 17 Feb 2022. Govindaraj Sreenivasan ceased to be Additional Director on 25 Nov 2021. Sarvamangala Hadapada ceased to be Additional Director on 25 Nov 2021. Mcdowell Holdings has 44 board changes on record in total.
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