About Adept Chip Services Private Limited
Data last updated:
Adept Chip Services Private Limited was a private limited company based in Hyderabad, Telangana, India, operated as a subsidiary of Quest Global Engineering Services Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 16 March 2011.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2011PTC073311. Its GSTIN is 36AAJCA3251B1Z5 (Telangana). The company held 4 GST registrations, of which 3 are active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Raghavan Venugopal and Shailesh Kumar Agrawal.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹115.47 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹7.75 Cr (net margin -6.7%) and EBITDA of -₹8.38 Cr (EBITDA margin -7.3%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 36% over five years.
The company had about 100 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Adept Chips. As per MCA filings, the company had satisfied charges of ₹10 Cr on record. The company has 3 deals on record (3 secondary share transfers); the latest was in July 2023. The company has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 2 overdue payments to 2 micro and small suppliers.
The last known website on record is adeptchips.com.
Company details
CIN history
Adept Chip Services has one previous CIN (Corporate Identification Number): U72200AP2011PTC073311. The current CIN is U72200TG2011PTC073311, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2011PTC073311 | Current |
| U72200AP2011PTC073311 | Previous |
Contact details
Adept Chip Services Private Limited's registered office is in Hyderabad, Telangana. Its website is adeptchips.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH.No.5 – 1 – 76/31 Krupa Nilayam Beside Community Hall Near Sai Gardens, Mallapur, Hyderabad, Telangana, India – 500076
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Adept Chip 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
Brands
Adept Chip Services operates one associated brand: Adept Chips. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Semiconductor design and manufacturing services are provided globally. | adeptchips.com |
Business activity
The main business activity of Adept Chip Services is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Adept Chip Services Private Limited, buy the company report.
Financials of Adept Chip Services Private Limited
FY 2024 filings availableAdept Chip Services Private Limited reported revenue of ₹115.47 Cr (down 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 36%. EBITDA fell 233% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹115.47 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹8.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.75 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.3% | ||||
| Net Profit Margin | -6.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Adept Chip Services Private Limited, buy the company report.
Board of directors of Adept Chip Services Private Limited
Adept Chip Services has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghavan Venugopal Also directs: Quest Bitsilica Services Private Limited | Director | 05 Sep 2022 | 4 Years 2 Months | As last reported |
| Shailesh Kumar Agrawal | Director | 05 Sep 2022 | 4 Years 2 Months | As last reported |
| Gopal Koreme | Director | 02 Oct 2017 | 9 Years 1 Months | As last reported |
Auditor
Adept Chip Services Private Limited is audited by M.K. Jayaraman & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.K. Jayaraman & Co | FY 2024 | 001308S |
Shareholding
The shareholding of Adept Chip Services Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adept Chip Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2021 | 100476789 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Adept Chip Services Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Adept Chip Services Private Limited has 3 deals on record (3 secondary share transfers); the latest was in July 2023.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: Quest Global Engineering Services Private Limited & Gopal Koreme, Quest Global Engineering Services Private Limited Seller: 3 individuals |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: Quest Global Engineering Services Private Limited Seller: 3 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Adept Chip Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Adept Chip Services Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Iquest Management Consultants Private Limited | |||
| Zreyah Semiconductor Systems Private Limited |
To see the full MSME payment records of Adept Chip Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Adept Chip Services Private Limited has a workforce of 100 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 100 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Adept Chip Services Private Limited, buy the company report.
GST
Adept Chip Services has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAJCA3251B1Z5 | Telangana | Active | 01 Jul 2017 |
| 29AAJCA3251B1Z0 | Karnataka | Active | 01 Jul 2017 |
| 37AAJCA3251B2Z2 | Andhra Pradesh | Active | 01 Sep 2022 |
To see the full GST registrations and return filing status of Adept Chip Services Private Limited, buy the company report.
Recent activity
Adept Chip Services Private Limited has 7 board changes on record since 2017: 3 appointments and 4 cessations. The latest: Raghavan Venugopal ceased to be Director on 30 Sep 2022.
Frequently asked questions
Adept Chip Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Adept Chip Services was a private limited company based in Hyderabad, Telangana, India. The company worked in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 16 March 2011 and is registered under CIN U72200TG2011PTC073311. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Adept Chip Services was incorporated on 16 March 2011. It is registered with the Registrar of Companies, Hyderabad.
Adept Chip Services had 3 directors:
- Raghavan Venugopal - Director
- Shailesh Kumar Agrawal - Director
- Gopal Koreme - Director
The CIN (Corporate Identification Number) of Adept Chip Services is U72200TG2011PTC073311. 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 Adept Chip Services is at H.No.5 – 1 – 7631 Krupa Nilayam Beside Community Hall Near Sai Gardens, Mallapur, Hyderabad, Telangana, India – 500076.
Adept Chip Services can be reached through the website adeptchips.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Adept Chip Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Adept Chip Services is 36AAJCA3251B1Z5, registered in Telangana. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAJCA3251B1Z0 (Karnataka), 37AAJCA3251B2Z2 (Andhra Pradesh).
Adept Chip Services operated in the information technology industry, in the electronic components and equipment manufacturing segment.
Adept Chip Services has 3 deals on record (3 secondary share transfers); the latest was in July 2023.
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