About Acyuta Services Private Limited
Data last updated:
Acyuta Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 12 May 2011.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2011PTC217380. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Essar Services India Private Limited and Yojna Services India Private Limited. It is led by directors including Prajakta Avil Menezes (Irp/Rp/Liquidator) and Geeta Devdatta Gore.
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 is at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹84.77 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹21.93 Cr (net margin 25.9%) and EBITDA of ₹52.61 Cr (EBITDA margin 62.1%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 13% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹349 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 4 filed against it; 1 case is pending. The company has 7 deals on record (6 secondary share transfers, 1 acquisition); the latest was in June 2020. Its 6 peer companies in the Outsourcing industry (Consulting Services), with the same principal business activity (management consultancy activities) are compared by revenue, 2 larger and 4 smaller; the largest is VC One Ventures Private Limited with revenue of ₹86.07 Cr.
The last known website on record is essar.com.
Company details
Name history
Acyuta Services has undergone 5 name changes throughout its history. The current legal name is Acyuta Services Private Limited.
| Company Name | Status |
|---|---|
| Acyuta Services Private Limited | Current |
| Essar Services India Private Limited | Previous |
| Yojna Services India Private Limited | Previous |
| Yojna Services Private Limited | Previous |
| Essar Corporate Consultants Private Limited | Previous |
| Essar Services India Limited | Previous |
CIN history
Acyuta Services has one previous CIN (Corporate Identification Number): U74999MH2011PLC217380. The current CIN is U74999MH2011PTC217380, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2011PTC217380 | Current |
| U74999MH2011PLC217380 | Previous |
Contact details
Acyuta Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is essar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No.307 3rd Floor Shri Heramb, Mahatma Phule Road Mulund East, Mumbai, Maharashtra, India – 400081
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Acyuta Services 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 Acyuta Services Private Limited
FY 2022 filings availableAcyuta Services Private Limited reported revenue of ₹84.77 Cr (up 1765% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years. EBITDA rose 405% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹84.77 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹52.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹21.93 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 62.1% | ||||
| Net Profit Margin | 25.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Acyuta Services Private Limited, buy the company report.
Board of directors of Acyuta Services Private Limited
Acyuta Services has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prajakta Avil Menezes Also directs: Aegis Resolution Services Private Limited | Irp/Rp/Liquidator | 29 Sep 2023 | 3 Years 0 Months | As last reported |
| Geeta Devdatta Gore Also directs: Olumpus Trading & Advisory LLP, Olumpus Tradecom Private Limited, Imperial Procurement Services Limited and 1 more | Additional Director | 16 Jan 2023 | 3 Years 9 Months | As last reported |
| Devdatta Dinkar Gore Also directs: Olumpus Trading & Advisory LLP, Olumpus Tradecom Private Limited, Imperial Procurement Services Limited and 1 more | Additional Director | 16 Jan 2023 | 3 Years 9 Months | As last reported |
Peer comparison
Acyuta Services Private Limited is compared with the 6 companies closest to it by revenue in the Outsourcing industry (Consulting Services), with the same principal business activity (management consultancy activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VC One Ventures Private Limited | ₹86.07 Cr (FY 2025) | 69.0% | New Delhi, Delhi, India | |||
| Dalberg Development Advisors Private Limited | ₹85.82 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Acyuta Services Private Limitedthis company | ₹84.77 Cr (FY 2022) | ₹21.93 Cr | 25.9% | 1765.0% | 1 | Mumbai, Maharashtra, India |
| Sound Capital Markets Limited | ₹84.48 Cr (FY 2025) | 36.0% | Mumbai, Maharashtra, India | |||
| Dolby Technology India Private Limited | ₹84.47 Cr (FY 2025) | 62.0% | Mumbai, Maharashtra, India | |||
| Holtec Consulting Pvt. Ltd. | ₹83.81 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Samagra Development Associates Private Limited | ₹83.71 Cr (FY 2025) | 2.0% | Delhi, India |
To see the full peer comparison of Acyuta Services Private Limited, buy the company report.
Auditor
Acyuta Services Private Limited is audited by N K R & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N K R & Co. | FY 2022 | 127820W |
Shareholding
The shareholding of Acyuta Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Acyuta Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2014 | 10532662 | Yes Bank Limited | ₹9 Cr | Satisfied | |
| 25 Mar 2013 | 10427121 | Yes Bank Limited | ₹340 Cr | Satisfied |
To see the full charge records of Acyuta Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Acyuta Services Private Limited has 7 deals on record (6 secondary share transfers, 1 acquisition); the latest was in June 2020.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: Edwell Infrastructure Hazira Limited Seller: Essar Corporate Services LLP |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Niwas Residential and Commercial Properties Priavate Limited Seller: Imperial Consultants and Securities Limited |
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: Essar Capital Holdings India Limited Seller: Imperial Consultants and Securities Limited |
| Aug 2015 | Acquisition | ₹55 Cr | Buyer: Aegis Limited |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: Imperial Consultants & Securities Private Limited & Venu Prabhakaran, Imperial Consultants & Securities Private Limited & S Shankaranarayana, Imperial Consultants & Securities Private Limited & Dilip Deokar Seller: 4 individuals |
To see the full deal history of Acyuta Services Private 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
Acyuta Services Private Limited has 8 court cases on record: 4 filed by Acyuta Services, 4 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 0 |
| Supreme Court | 2 | 1 | 0 |
| District courts | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Essar Bulk Terminal Limited | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Arcelor Mittal Nippon Steel India Ltd (Formerly Essar Steel India Ltd) | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed by the company against Arcelor Mittal Nippon Steel India Ltd (Formerly Essar Steel India Ltd) | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Arcelor Mittal Nippon Steel India Ltd (Formerly Essar Steel India Ltd) | Disposed |
| High Court, MAHARASHTRA | Court case (CPCAD) | Filed against the company by Arcelor Mittal Nippon Steel India Ltd (Formerly Essar Steel India Ltd) | Disposed |
To see the full case history of Acyuta Services 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 Acyuta Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Acyuta Services Private Limited has a workforce of 1 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Acyuta Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Acyuta Services Private Limited, buy the company report.
Recent activity
Acyuta Services Private Limited has 17 board changes on record since 2012: 3 appointments and 14 cessations. The latest: Prajakta Avil Menezes was appointed as Irp/Rp/Liquidator on 29 Sep 2023.
12 earlier events are in the company report.
News
Frequently asked questions
Acyuta Services is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Acyuta Services is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 12 May 2011 and is registered under CIN U74999MH2011PTC217380. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Acyuta Services has 3 current directors:
- Geeta Devdatta Gore - Additional Director
- Devdatta Dinkar Gore - Additional Director
- Prajakta Avil Menezes - Irp/Rp/Liquidator
The latest financial statements of Acyuta Services 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.
The CIN (Corporate Identification Number) of Acyuta Services is U74999MH2011PTC217380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acyuta Services has no open charges and satisfied charges of ₹349 Cr as per latest MCA filings.
Acyuta Services has 8 court cases on record: 4 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
Acyuta Services was incorporated on 12 May 2011. It is registered with the Registrar of Companies, Mumbai.
Acyuta Services has 7 deals on record (6 secondary share transfers, 1 acquisition); the latest was in June 2020.
The peers of Acyuta Services by revenue are VC One Ventures Private Limited, Dalberg Development Advisors Private Limited, Sound Capital Markets Limited, Dolby Technology India Private Limited, Holtec Consulting Pvt. Ltd. and 1 more, all in the Outsourcing industry (Consulting Services), with the same principal business activity (management consultancy activities).
Prajakta Avil Menezes was appointed as Irp/Rp/Liquidator on 29 Sep 2023. Devdatta Dinkar Gore was appointed as Additional Director on 16 Jan 2023. Geeta Devdatta Gore was appointed as Additional Director on 16 Jan 2023. Acyuta Services has 17 board changes on record in total.