Wings Solutions Private Limited
About Wings Solutions Private Limited
Data last updated:
Wings Solutions Private Limited was a private limited company based in Chandigarh, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the games segment of the printing and publishing sector. It was incorporated on 13 July 2001.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U64202CH2001PTC024520.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Charanjit Singh Panag and Sukhpal Randhawa.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at H No 647 Sector 11 Chandigarh, Chandigarh, India – 160011.
As per the financials filed for FY 2022, the company reported a revenue of ₹9.85 Lakh, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹70,809 (net margin -7.2%) and EBITDA of -₹70,364 (EBITDA margin -7.1%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 9% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Wings Solutions Private Limited's registered office is in Chandigarh, Chandigarh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH No 647 Sector 11 Chandigarh, Chandigarh, India – 160011
- IndustryPrinting & Publishing, Games, Application Software, Publishing, System Software, Software
To see the full contact details of Wings Solutions 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
Financials of Wings Solutions Private Limited
FY 2022 filings availableWings Solutions Private Limited reported revenue of ₹9.85 Lakh (down 6% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 115% 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹70,364 | ||||
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| Net Profit (PAT) | -₹70,809 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | -7.1% | ||||
| Net Profit Margin | -7.2% | ||||
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To see the full financial statements and ratios of Wings Solutions Private Limited, buy the company report.
Board of directors of Wings Solutions Private Limited
Wings Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Charanjit Singh Panag | Director | 13 Jul 2001 | 25 Years 3 Months | As last reported |
| Sukhpal Randhawa Also directs: Wings Solutions LLP, Ambay Electronics LLP | Director | 25 Jul 2018 | 8 Years 3 Months | As last reported |
Auditor
Wings Solutions Private Limited is audited by KHURANA VINEET & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KHURANA VINEET & ASSOCIATES | FY 2017 | 011964N |
Shareholding
The shareholding of Wings Solutions 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 Wings Solutions Private Limited, buy the company report.
Legal cases
Wings Solutions Private Limited has 2 court cases on record: 2 filed by Wings Solutions. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Execution petition | Filed by the company against Team Backstage Pvt. Ltd. | Disposed |
| District court, South, Delhi | Court case (RCA DJ) | Filed by the company against Team Backstage Pvt. Ltd. | Disposed |
To see the full case history of Wings Solutions 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 Wings Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Wings Solutions Private Limited has 1 active EPFO establishment as of Mar 20, 2024.
GST
No GST registration is on our record for Wings Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Wings Solutions Private Limited has 4 board changes on record since 2001: 2 appointments and 2 cessations. The latest: Preet Panag ceased to be Director on 30 Mar 2019.
Frequently asked questions
Wings Solutions has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Wings Solutions was a private limited company based in Chandigarh, India. The company worked in games, within the printing and publishing industry. It was incorporated on 13 July 2001 and is registered under CIN U64202CH2001PTC024520. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Wings Solutions is U64202CH2001PTC024520. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wings Solutions had 2 directors:
- Charanjit Singh Panag - Director
- Sukhpal Randhawa - Director
Wings Solutions was incorporated on 13 July 2001. It is registered with the Registrar of Companies, Chandigarh.
The registered office of Wings Solutions is at H No 647 Sector 11 Chandigarh, Chandigarh, India – 160011.
The latest financial statements of Wings Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
Wings Solutions operated in the printing and publishing industry, in the games segment.
Wings Solutions has 2 court cases on record: 2 filed by the company.
Preet Panag ceased to be Director on 30 Mar 2019. Randeep Partap Singh Panag ceased to be Director on 30 Mar 2019. Sukhpal Randhawa was appointed as Director on 25 Jul 2018. Wings Solutions has 4 board changes on record in total.
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