Aegan Batteries Limited
About Aegan Batteries Limited
Data last updated:
Aegan Batteries Limited is a public limited company based in Bengaluru, Karnataka, 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 power equipment manufacturers segment of the energy and power sector. It was incorporated on 22 October 2010.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24232KA2010PLC055616. The company has 9 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹28 Cr and a paid-up capital of ₹28 Cr. It is led by directors including Thyagarajan Arunkumar (Managing Director) and Thyagarajan Rajkumar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2015, the company reported a revenue of ₹62.15 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹35.65 Lakh (net margin -0.6%) and EBITDA of ₹14.26 Cr (EBITDA margin 23%). Revenue has grown at a compounded annual rate (CAGR) of 301% over three years.
As per MCA filings, the company has open charges of ₹83.7 Cr on record. Court records list 56 cases involving the company, including 10 filed by the company and 46 filed against it; 1 case is pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹27.93 Cr; the latest was in March 2015.
Company details
Contact details
Aegan Batteries Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address48/2 2nd Floor 2nd Cross Albert Victor Road Chamarajp, Et, Bengaluru, Karnataka, India – 560018
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Aegan Batteries 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 Aegan Batteries Limited
FY 2015 filings availableAegan Batteries Limited reported revenue of ₹62.15 Cr (down 10% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 301%. EBITDA fell 13% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹62.15 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹14.26 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹35.65 Lakh |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 23% |
| Net Profit Margin | -0.6% |
| 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 Aegan Batteries Limited, buy the company report.
Board of directors of Aegan Batteries Limited
Aegan Batteries has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thyagarajan Arunkumar Also directs: Leadage Metals Limited, Aegan Hotels Private Limited | Managing Director | 22 Oct 2010 | 16 Years 0 Months | As last reported |
| Thyagarajan Rajkumar Also directs: Leadage Metals Limited | Whole-Time Director | 22 Oct 2010 | 16 Years 0 Months | As last reported |
| Rajkumar Chitra | Whole-Time Director | 22 Oct 2010 | 16 Years 0 Months | As last reported |
Auditor
Aegan Batteries Limited is audited by R A K C H A M P S & CO LLP for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R A K C H A M P S & CO LLP | FY 2015 | 131094W |
Shareholding
The shareholding of Aegan Batteries Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Aegan Batteries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2014 | 10518000 | State Bank of Travancore | ₹9 Cr | Open | |
| 19 Sep 2011 | 10311601 | State Bank of India | ₹74.7 Cr | Open |
To see the full charge records of Aegan Batteries Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Aegan Batteries Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹27.93 Cr; the latest was in March 2015.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Aegan Industries Private Limited , an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jun 2012 | Funding round | ₹11.06 Cr | Investors: 3 individuals |
| Sep 2011 | Funding round | ₹16.88 Cr | Investors: T Rajkumar Huf, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aegan Batteries Limited has 56 court cases on record: 10 filed by Aegan Batteries, 46 filed against it. 1 case is pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 54 | 45 | 1 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed against the company by Indusind Bank Limited Rep by Its Authorised Signatory Mrs G Radha | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Union Roadways Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Union Roadways Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Union Roadways Ltd | Disposed |
| District court, Krishnagiri, Tamil Nadu | Civil suit | Filed against the company by Can Bank Factors Ltd. | Disposed |
To see the full case history of Aegan Batteries 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 Aegan Batteries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aegan Batteries Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Aegan Batteries has 9 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Aegan Batteries Limited, buy the company report.
Recent activity
Aegan Batteries Limited has 10 board changes on record since 2010: 3 appointments and 7 cessations. The latest: Sampath Madhusudan ceased to be Additional Director on 14 Dec 2013.
4 earlier events are in the company report.
Frequently asked questions
Aegan Batteries 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.
Aegan Batteries is a company under liquidation, formerly operating as a public limited company based in Bengaluru, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 22 October 2010 and is registered under CIN U24232KA2010PLC055616. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Aegan Batteries has 3 current directors:
- Thyagarajan Arunkumar - Managing Director
- Thyagarajan Rajkumar - Whole-Time Director
- Rajkumar Chitra - Whole-Time Director
The latest financial statements of Aegan Batteries on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Aegan Batteries is U24232KA2010PLC055616. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aegan Batteries has open charges of ₹83.7 Cr and no satisfied charges on record as per latest MCA filings.
Aegan Batteries has 56 court cases on record: 10 filed by the company and 46 filed against it. 1 is pending. Most are in the district courts.
Aegan Batteries was incorporated on 22 October 2010. It is registered with the Registrar of Companies, Bangalore.
Aegan Batteries has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹27.93 Cr; the latest was in March 2015.
Sampath Madhusudan ceased to be Additional Director on 14 Dec 2013. Rajkumar Chitra ceased to be Director on 01 Jun 2012. Thyagarajan Rajkumar ceased to be Director on 01 Jun 2012. Aegan Batteries has 10 board changes on record in total.