About Aditya Vidyut Appliances Ltd
Data last updated:
Aditya Vidyut Appliances Ltd is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 26 June 1989.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31200MH1989PLC052364. Its GSTIN is 27AABCA5023F1Z6 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Aditya Vidyut Appliances Pvt Ltd. It is led by directors including Narayan Shenvi Prabhu (Managing Director) and Prakash Pundalik Shenvi.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Surveyno 168 Hissa No – 10 Sonale Village Bhiwandi Bypass Road NH – 3 Bhiwandi Ms, Mumbai, Maharashtra, India – 421302.
As per the financials filed for FY 2019, the company reported a revenue of ₹44.28 Cr, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹53.04 Cr (net margin -119.8%) and EBITDA of -₹30.28 Cr (EBITDA margin -68.4%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 27% over five years.
The company has about 258 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Aditya Vidyut. As per MCA filings, the company has open charges of ₹547.19 Cr and satisfied charges of ₹218.28 Cr on record. Court records list 105 cases involving the company, including 13 filed by the company and 92 filed against it; 52 cases are pending. The company has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹9.35 Cr; the latest was in March 2017.
The last known website on record is adityavidyut.com.
Company details
Contact details
Aditya Vidyut Appliances Ltd's registered office is in Mumbai, Maharashtra. Its website is adityavidyut.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurveyno 168 Hissa No – 10 Sonale Village Bhiwandi Bypass Road NH – 3 Bhiwandi Ms, Mumbai, Maharashtra, India – 421302
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Aditya Vidyut Appliances Ltd, 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
Aditya Vidyut Appliances operates one associated brand: Aditya Vidyut. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Transformer manufacturing and repair services in the energy sector. | adityavidyut.com |
Business activity
The main business activity of Aditya Vidyut Appliances is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Aditya Vidyut Appliances Ltd, buy the company report.
Financials of Aditya Vidyut Appliances Ltd
FY 2019 filings availableAditya Vidyut Appliances Ltd reported revenue of ₹44.28 Cr (down 63% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹44.28 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹30.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹53.04 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -68.4% | ||||
| Net Profit Margin | -119.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Aditya Vidyut Appliances Ltd, buy the company report.
Board of directors of Aditya Vidyut Appliances Ltd
Aditya Vidyut Appliances has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Pundalik Shenvi Also directs: Shri SDM Sugar Private Limited | Director | 26 Jun 1989 | 37 Years 4 Months | As last reported |
| Vijayalaxmi Narayan Prabhu | Director | 26 Jun 1989 | 37 Years 4 Months | As last reported |
| Narayan Shenvi Prabhu | Managing Director | 26 Jun 1989 | 37 Years 4 Months | As last reported |
Auditor
Aditya Vidyut Appliances Ltd is audited by B R JAJOO & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B R JAJOO & CO | FY 2019 | 104000W |
Shareholding
The shareholding of Aditya Vidyut Appliances Ltd is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Aditya Vidyut Appliances Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2017 | 100100399 | Others | ₹3 Cr | Open | |
| 18 Apr 2017 | 100093895 | Others | ₹12 Cr | Open | |
| 06 Apr 2017 | 100094411 | Others | ₹15.32 Cr | Open | |
| 17 Aug 2016 | 100048267 | Others | ₹1.65 Cr | Open | |
| 03 Aug 2016 | 100345897 | Others | ₹5 Cr | Open |
To see the full charge records of Aditya Vidyut Appliances Ltd, buy the company report.
Total charge records: 98 View all charges
Deals & funding
Aditya Vidyut Appliances Ltd has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹9.35 Cr; the latest was in March 2017.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Narayan P Shenviprabhu (Huf), an individual Seller: Mahendrakumar K Jain HUF, 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Nov 2014 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Sep 2013 | Funding round | ₹5 Cr | Investors: 4 individuals |
| Apr 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Aditya Vidyut Appliances Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aditya Vidyut Appliances Ltd has 105 court cases on record: 13 filed by Aditya Vidyut Appliances, 92 filed against it. 52 cases are pending and 53 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 86 | 79 | 51 |
| High courts | 16 | 10 | 1 |
| NCLAT | 3 | 3 | 0 |
Cases on record (5 of 105)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Siemens Financial Services Pvt Ltd Th Mr Vaibhav Priyadarshi | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Siemens Financial Services Pvt Ltd Th Mr Vaibhav Priyadarshi | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by M/S PCC Logistics Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed against the company by Decent Cargo Movers Pvt. Ltd. Through Kailashchander Bansal | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Siemens Financial Services Pvt Ltd Th Mr Vaibhav Priyadarshi | Pending |
To see the full case history of Aditya Vidyut Appliances Ltd, 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 Aditya Vidyut Appliances Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Aditya Vidyut Appliances has 2 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ranjani Sugar and Agri Industries Limited | U01115MH2011PLC217309 | |
| Aditya Fabrication Private Limited | U51505MH2003PTC143265 |
To see the full group structure of Aditya Vidyut Appliances Ltd, buy the company report.
Employees & EPFO
Aditya Vidyut Appliances Ltd has a workforce of 258 employees on its EPFO records as of Jan 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 258 |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Aditya Vidyut Appliances Ltd, buy the company report.
GST
Aditya Vidyut Appliances has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA5023F1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCA5023F2Z5 | Maharashtra | Active | 21 Jul 2020 |
To see the full GST registrations and return filing status of Aditya Vidyut Appliances Ltd, buy the company report.
Recent activity
Aditya Vidyut Appliances Ltd has 9 board changes on record since 1989: 3 appointments and 6 cessations. The latest: Arun Hardeo Mahaldar ceased to be Cfo(Kmp) on 12 Mar 2018.
204 earlier events are in the company report.
Frequently asked questions
Aditya Vidyut Appliances is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Aditya Vidyut Appliances is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 26 June 1989 and is registered under CIN U31200MH1989PLC052364. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Aditya Vidyut Appliances has 3 current directors:
- Narayan Shenvi Prabhu - Managing Director
- Prakash Pundalik Shenvi - Director
- Vijayalaxmi Narayan Prabhu - Director
The latest financial statements of Aditya Vidyut Appliances on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Aditya Vidyut Appliances is U31200MH1989PLC052364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aditya Vidyut Appliances has open charges of ₹547.19 Cr and satisfied charges of ₹218.28 Cr as per latest MCA filings.
Aditya Vidyut Appliances has 105 court cases on record: 13 filed by the company and 92 filed against it. 52 are pending. Most are in the district courts.
Aditya Vidyut Appliances was incorporated on 26 June 1989. It is registered with the Registrar of Companies, Mumbai.
Aditya Vidyut Appliances has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹9.35 Cr; the latest was in March 2017.
Arun Hardeo Mahaldar ceased to be Cfo(Kmp) on 12 Mar 2018. Amol Chandrakant Pawar ceased to be Director on 18 Dec 2017. Suyog Yeshwant Dalvi ceased to be Director on 18 Dec 2017. Aditya Vidyut Appliances has 9 board changes on record in total.
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