About Applicomp (India) Limited
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Applicomp (India) Limited is a public limited company based in Ahmednagar, 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 white goods retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 31 December 1996.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29302PN1996PLC104800. Its GSTIN is 02AACCA9547R1Z7 (Himachal Pradesh). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹138.29 Cr. It is led by directors including Ravindrakumar Ved Prakash Mittal (Whole-Time Director) and Yashwant Singh.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Ahmednagar, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹621.49 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹12.54 Cr (net margin -2%) and EBITDA of ₹121.64 Cr (EBITDA margin 19.6%).
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25,924 Cr and satisfied charges of ₹5,559.8 Cr on record. Court records list 54 cases involving the company, including 11 filed by the company and 43 filed against it; 20 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2016. Its 7 peer companies in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 4 smaller; the largest is Carrier Midea India Private Limited with revenue of ₹2,332.68 Cr.
The last known website on record is applicomp.in.
Company details
CIN history
Applicomp (India) has one previous CIN (Corporate Identification Number): U29302MH1996PTC104800. The current CIN is U29302PN1996PLC104800, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29302PN1996PLC104800 | Current |
| U29302MH1996PTC104800 | Previous |
Contact details
Applicomp (India) Limited's registered office is in Ahmednagar, Maharashtra. Its website is applicomp.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No34 36 37 38(Part)40 To 45 51 To 70&72 To 75 Near Govt. Polytechnic College Burudgao, N Road, Ahmednagar, Maharashtra, India – 414001
- IndustryConsumer Electronics & Durables, White Goods Retail & Distribution
To see the full contact details of Applicomp (India) 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 Applicomp (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| 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 |
To see the full business activity and turnover split of Applicomp (India) Limited, buy the company report.
Financials of Applicomp (India) Limited
FY 2017 filings availableApplicomp (India) Limited reported revenue of ₹621.49 Cr (down 6% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year. EBITDA rose 28% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹621.49 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹121.64 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹12.54 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 19.6% | ||
| Net Profit Margin | -2% | ||
| 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 Applicomp (India) Limited, buy the company report.
Board of directors of Applicomp (India) Limited
Applicomp (India) has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindrakumar Ved Prakash Mittal | Whole-Time Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Yashwant Singh | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Nitin Shinde | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Sunil Sadashiv Dagadkhair | Additional Director | 13 Feb 2017 | 9 Years 8 Months | As last reported |
Peer comparison
Applicomp (India) Limited is compared with the 7 companies closest to it by revenue in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Carrier Midea India Private Limited | ₹2,332.68 Cr (FY 2025) | 38.0% | Gurgaon, Haryana, India | |||
| Universal Comfort Products Limited | ₹1,242.64 Cr (FY 2020) | 34.0% | Mumbai, Maharashtra, India | |||
| Frigoglass India Private Limited | ₹684.73 Cr (FY 2025) | 37.0% | New Delhi, Delhi, India | |||
| Applicomp (India) Limitedthis company | ₹621.49 Cr (FY 2017) | -₹12.54 Cr | -2% | -6.0% | 10 | Ahmednagar, Maharashtra, India |
| Ice Make Refrigeration Limited | ₹480.42 Cr (FY 2025) | 27.0% | Ahmedabad, Gujarat, India | |||
| Rockwell Industries Limited | ₹346.47 Cr (FY 2025) | 6.0% | Hyderabad, Andhra Pradesh, Telangana, India | |||
| Summer Cool Home Appliances Limited | ₹296.5 Cr (FY 2025) | 63.0% | Ghaziabad, Uttar Pradesh, India | |||
| Dixon Appliances Private Limited | ₹130.79 Cr (FY 2016) | 21.0% | Uttar Pradesh, India |
To see the full peer comparison of Applicomp (India) Limited, buy the company report.
Auditor
Applicomp (India) Limited is audited by KADAM & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KADAM & CO | FY 2017 | 104524W |
Shareholding
The shareholding of Applicomp (India) Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2014 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Applicomp (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2014 | 10509034 | Sbicap Trustee Company Limited | ₹228 Cr | Open | |
| 20 Mar 2013 | 10414616 | Sbicap Trustee Company Limited | ₹20,195 Cr | Open | |
| 30 Apr 2012 | 10352183 | Icici Bank Limited | ₹650 Cr | Open | |
| 24 Apr 2012 | 10353405 | State Bank of India | ₹750 Cr | Open | |
| 18 Feb 2012 | 10337387 | Idbi Bank Limited | ₹3,025 Cr | Open |
To see the full charge records of Applicomp (India) Limited, buy the company report.
Total charge records: 35 View all charges
Deals & funding
Applicomp (India) Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Techno Electronics Limited , Kail Limited , Millennium Appliances India Limited Seller: Tekcare India Private Limited , Indian Refrigerator Company Limited, Shree Dhoot Trading and Agencies Ltd |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Trend Electronics Limited , Value Industries Limited Seller: Shree Dhoot Trading and Agencies Ltd , Dome-Bell Electronics India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Applicomp (India) Limited has 54 court cases on record: 11 filed by Applicomp (India), 43 filed against it. 20 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 24 | 24 | 14 |
| High courts | 14 | 4 | 0 |
| District courts | 9 | 8 | 3 |
| Supreme Court | 7 | 7 | 3 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gail (India) Limited | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Twin Star Technologies Limited Through Its Authorised Representative 3Rdfloor, Iffco Tower, PL No. 3, Sector 39,Gurugram, Gurgaon,Haryana ,Gurgaon , Haryana | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bank of Maharashtra | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Disposed |
To see the full case history of Applicomp (India) 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 Applicomp (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Applicomp (India) Limited has a workforce of 10 employees on its EPFO records as of Mar 28, 2024, across 2 active EPFO establishments.
GST
Applicomp (India) has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AACCA9547R1Z7 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AACCA9547R1Z5 | Punjab | Active | 01 Jul 2017 |
| 06AACCA9547R1ZZ | Haryana | Active | 01 Jul 2017 |
| 08AACCA9547R1ZV | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Applicomp (India) Limited, buy the company report.
Recent activity
Applicomp (India) Limited has 18 board changes on record since 2009: 4 appointments and 14 cessations. The latest: Nitin Shinde ceased to be Additional Director on 03 Aug 2021.
73 earlier events are in the company report.
Frequently asked questions
Applicomp (India) 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.
Applicomp (India) is a company under insolvency, formerly operating as a public limited company based in Ahmednagar, Maharashtra, India. The company works in white goods retail and distribution, within the consumer electronics and durables industry. It was incorporated on 31 December 1996 and is registered under CIN U29302PN1996PLC104800. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Applicomp (India) has 4 current directors:
- Ravindrakumar Ved Prakash Mittal - Whole-Time Director
- Yashwant Singh - Additional Director
- Nitin Shinde - Additional Director
- Sunil Sadashiv Dagadkhair - Additional Director
The latest financial statements of Applicomp (India) on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Applicomp (India) is U29302PN1996PLC104800. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Applicomp (India) has open charges of ₹25,924 Cr and satisfied charges of ₹5,559.8 Cr as per latest MCA filings.
Applicomp (India) has 54 court cases on record: 11 filed by the company and 43 filed against it. 20 are pending. Most are in the nclat.
Applicomp (India) was incorporated on 31 December 1996. It is registered with the Registrar of Companies, Pune.
Applicomp (India) has 2 deals on record (2 secondary share transfers); the latest was in March 2016.
The peers of Applicomp (India) by revenue are Carrier Midea India Private Limited, Universal Comfort Products Limited, Frigoglass India Private Limited, Ice Make Refrigeration Limited, Rockwell Industries Limited and 2 more, all in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Nitin Shinde ceased to be Additional Director on 03 Aug 2021. Ravindrakumar Ved Prakash Mittal ceased to be Whole-Time Director on 03 Aug 2021. Yashwant Singh ceased to be Additional Director on 03 Aug 2021. Applicomp (India) has 18 board changes on record in total.