About Purplestream Convergence Private Limited
Data last updated:
Purplestream Convergence Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Purplestream Convergence Pte Ltd. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the isp and broadband services segment of the telecommunications sector. It was incorporated on 24 August 2011.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72100TN2011PTC082041. Its GSTIN is 33AAGCP1649F1ZL (Tamil Nadu).
The company had an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It was led by directors including Deepak Subramanian and Palani Senthil Kumar.
Its last annual general meeting (AGM) was held on 29 October 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at No.62 Fourth Floor Radha Krishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.31 Cr, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹1.07 Cr (net margin -81.5%) and EBITDA of -₹95.08 Lakh (EBITDA margin -72.5%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 21% over five years.
The company had about 32 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: PurpleStream. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.79 Cr; the latest was in July 2013.
The last known website on record is purplestream.in.
Company details
Contact details
Purplestream Convergence Private Limited's registered office is in Chennai, Tamil Nadu. Its website is purplestream.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.62 Fourth Floor Radha Krishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Purplestream Convergence Private 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
Purplestream Convergence operates one associated brand: PurpleStream. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Video streaming and distribution solutions are provided globally. | purplestream.com |
Business activity
The main business activity of Purplestream Convergence is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Purplestream Convergence Private Limited, buy the company report.
Financials of Purplestream Convergence Private Limited
FY 2021 filings availablePurplestream Convergence Private Limited reported revenue of ₹1.31 Cr (down 63% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 63% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | -₹95.08 Lakh | ||||
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| Net Profit (PAT) | -₹1.07 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | -72.5% | ||||
| Net Profit Margin | -81.5% | ||||
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To see the full financial statements and ratios of Purplestream Convergence Private Limited, buy the company report.
Board of directors of Purplestream Convergence Private Limited
Purplestream Convergence has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Subramanian | Director | 23 Oct 2017 | 9 Years 0 Months | As last reported |
| Palani Senthil Kumar | Director | 09 Oct 2021 | 5 Years 0 Months | As last reported |
| Chitra | Irp/Rp/Liquidator | 07 Dec 2023 | 2 Years 10 Months | As last reported |
Auditor
Purplestream Convergence Private Limited is audited by SUDHAKARKILAPPANDALVISVANATHAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDHAKARKILAPPANDALVISVANATHAN | FY 2017 | 024354 |
Shareholding
The shareholding of Purplestream Convergence Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Purplestream Convergence Private Limited, buy the company report.
Deals & funding
Purplestream Convergence Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.79 Cr; the latest was in July 2013.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2013 | Secondary share transfer | Undisclosed | Buyer: Purplestream Convergence Pte Limited, an individual Seller: 2 individuals |
| Feb 2013 | Funding round | ₹45.9 Lakh | Investors: Purplestream Convergence Pte Limited |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Purplestream Convergence Pte Limited Seller: Compass Venture Capital Private Limited |
| Aug 2012 | Funding round | ₹63.8 Lakh | Investors: Purplestream Convergence Pte Limited, Compass Venture Capital Private Limited |
| Mar 2012 | Funding round | ₹69.1 Lakh | Investors: Compass Venture Capital Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Purplestream Convergence Private Limited has 5 court cases on record: 1 filed by Purplestream Convergence, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by Netmagic Solutions Pvt Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Netmagic Solutions Pvt Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by NTT Global Data Centers and Cloud Infrastructre India Pvt Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by NTT Global Data Centers and Cloud Infrastructre India Pvt Ltd | Disposed |
| NCLT, Chennai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Purplestream Convergence Private 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 Purplestream Convergence Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Purplestream Convergence Private Limited has a workforce of 32 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Purplestream Convergence has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCP1649F1ZL | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Purplestream Convergence Private Limited, buy the company report.
Recent activity
Purplestream Convergence Private Limited has 8 board changes on record since 2014: 3 appointments and 5 cessations. The latest: Chitra was appointed as Irp/Rp/Liquidator on 07 Dec 2023.
Frequently asked questions
Purplestream Convergence has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Purplestream Convergence was a private limited company based in Chennai, Tamil Nadu, India. The company worked in isp and broadband services, within the telecom industry. It was incorporated on 24 August 2011 and is registered under CIN U72100TN2011PTC082041. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Purplestream Convergence was incorporated on 24 August 2011. It is registered with the Registrar of Companies, Chennai.
Purplestream Convergence had 3 directors:
- Deepak Subramanian - Director
- Palani Senthil Kumar - Director
- Chitra - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Purplestream Convergence is U72100TN2011PTC082041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Purplestream Convergence is at No.62 Fourth Floor Radha Krishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
Purplestream Convergence can be reached through the website purplestream.in. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Purplestream Convergence on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 October 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Purplestream Convergence is 33AAGCP1649F1ZL, registered in Tamil Nadu.
Purplestream Convergence operated in the telecom industry, in the isp and broadband services segment.