Absolute News India Private Limited
About Absolute News India Private Limited
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Absolute News India Private Limited is a private limited company based in Bhopal, Madhya Pradesh, India. It operates in the book and digital publishing segment of the media and publishing sector. It was incorporated on 29 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U22100MP2013PTC031369. Its GSTIN is 23AAMCA0222D2ZF (Madhya Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.2 Cr. It was formerly known as Avs News Connect Private Limited. It is led by directors Sarika Chaturvedi and Yogendra Chaturvedi.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 18 Block Amaltas Green City Mall Above Reliance Fresh E – 8 Arera Colony, Bhopal, Madhya Pradesh, India – 462039.
As per the financials filed for FY 2020, the company reported a revenue of ₹10,318. For the same year it recorded a net loss of ₹28,490 (net margin -276.1%) and EBITDA of -₹14,682 (EBITDA margin -142.3%). Revenue has declined at a compounded annual rate (CAGR) of 93% over three years and 81% over five years.
As per MCA filings, the company has open charges of ₹2.37 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Absolute News India Private Limited's registered office is in Bhopal, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address18 Block Amaltas Green City Mall Above Reliance Fresh E – 8 Arera Colony, Bhopal, Madhya Pradesh, India – 462039
- IndustryMedia and Publishing, Book & Digital Publishing, Commercial Printing Services
To see the full contact details of Absolute News India 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
Business activity
The main business activity of Absolute News India is information and communication. In detail, this covers publishing of newspapers, books, periodicals, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J1 | Publishing of Newspapers, Books, periodicals, etc. activities |
To see the full business activity and turnover split of Absolute News India Private Limited, buy the company report.
Financials of Absolute News India Private Limited
FY 2020 filings availableAbsolute News India Private Limited reported revenue of ₹10,318 for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 81% over five years. 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹10,318 | ||||
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| EBITDA | -₹14,682 | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹28,490 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -142.3% | ||||
| Net Profit Margin | -276.1% | ||||
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To see the full financial statements and ratios of Absolute News India Private Limited, buy the company report.
Board of directors of Absolute News India Private Limited
Absolute News India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarika Chaturvedi Also directs: Absolute Wellness Private Limited | Director | 29 Aug 2013 | 13 Years 2 Months | Current |
| Yogendra Chaturvedi Also directs: Absolute Wellness Private Limited, Absolute Binge Entertainment LLP, Absolute Peddle LLP and 1 more | Director | 29 Aug 2013 | 13 Years 2 Months | Current |
Auditor
Absolute News India Private Limited is audited by R C BAHETI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R C BAHETI & CO | FY 2020 | 403034C |
Shareholding
The shareholding of Absolute News India Private 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 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Absolute News India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2013 | 10466351 | State Bank of India | ₹2.37 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Absolute News India Private Limited has 6 court cases on record: 2 filed by Absolute News India, 4 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhopal, Madhya Pradesh | Court case (RCS B) | Filed against the company by M/S DB Corp Ltd. Through Manish Sharma | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Employees Provident Fund Organisation | Pending |
| District court, Bhopal, Madhya Pradesh | Court case (EX AB) | Filed against the company | Disposed |
| District court, Bhopal, Madhya Pradesh | Court case (RCT) | Filed against the company by Danik Bhaskar Unit of DB Corporation Ltd Through Manish Sharma | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Assistant Provident Fund Commissioner | Disposed |
To see the full case history of Absolute News India 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 Absolute News India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Absolute News India has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAMCA0222D2ZF | Madhya Pradesh | Active | 10 Jul 2017 |
To see the full GST registrations and return filing status of Absolute News India Private Limited, buy the company report.
Recent activity
Absolute News India Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Sarika Chaturvedi was appointed as Director on 29 Aug 2013.
Frequently asked questions
Absolute News India is an active private limited company based in Bhopal, Madhya Pradesh, India. The company works in book and digital publishing, within the media and publishing industry. It was incorporated on 29 August 2013 (13+ years old) and is registered under CIN U22100MP2013PTC031369.
Absolute News India has 2 current directors:
- Sarika Chaturvedi - Director
- Yogendra Chaturvedi - Director
The latest financial statements of Absolute News India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Absolute News India is 23AAMCA0222D2ZF, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Absolute News India is U22100MP2013PTC031369. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Absolute News India has 6 court cases on record: 2 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Absolute News India was incorporated on 29 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Gwalior.
Sarika Chaturvedi was appointed as Director on 29 Aug 2013. Yogendra Chaturvedi was appointed as Director on 29 Aug 2013.
The registered office of Absolute News India is at 18 Block Amaltas Green City Mall Above Reliance Fresh E – 8 Arera Colony, Bhopal, Madhya Pradesh, India – 462039.
Absolute News India operates in the media and publishing industry, in the book and digital publishing segment.
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