About Aspen Infrastructures Limited
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Aspen Infrastructures Limited was a public limited company based in Pune, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 21 April 1998.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U45202PN1998PLC016516. Its GSTIN is 37AACCS6871Q1ZH (Andhra Pradesh). The company held 10 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹130 Cr and a paid-up capital of ₹84.35 Cr. It was formerly known as Suzlon Infrastructure Limited and Suzlon Developers Private Limited. It was led by directors including Kirtikumar Jasvantlal Vagadia and Harish Himatlal Mehta.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Godrej Millennium 5th Floor 9 Koregaon Park Road, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2018, the company reported a revenue of ₹312.27 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹9.9 Cr (net margin -3.2%) and EBITDA of ₹32.01 Cr (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years.
The company had about 114 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹1,300.52 Cr on record. Court records list 151 cases involving the company, including 101 filed by the company and 50 filed against it; 10 cases are pending.
The last known website on record is skeiron.com.
Company details
Name history
Aspen Infrastructures has undergone 4 name changes throughout its history. The current legal name is Aspen Infrastructures Limited.
| Company Name | Status |
|---|---|
| Aspen Infrastructures Limited | Current |
| Suzlon Infrastructure Limited | Previous |
| Suzlon Developers Private Limited | Previous |
| Suzlon Developers Limited | Previous |
| Synefra Engineering & Construction Limited | Previous |
Contact details
Aspen Infrastructures Limited's registered office is in Pune, Maharashtra. Its website is skeiron.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGodrej Millennium 5th Floor 9 Koregaon Park Road, Pune, Maharashtra, India – 411001
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Aspen Infrastructures 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 Aspen Infrastructures is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Aspen Infrastructures Limited, buy the company report.
Financials of Aspen Infrastructures Limited
FY 2018 filings availableAspen Infrastructures Limited reported revenue of ₹312.27 Cr (down 48% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 48% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 29%. EBITDA fell 27% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹312.27 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹32.01 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹9.9 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 10.2% | |||
| Net Profit Margin | -3.2% | |||
| 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 Aspen Infrastructures Limited, buy the company report.
Board of directors and KMP of Aspen Infrastructures Limited
Aspen Infrastructures Limited currently reports 3 directors and 2 key managerial personnel. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirtikumar Jasvantlal Vagadia Also directs: Skilpan Finvest Private Limited | Director | 01 Jan 2010 | 16 Years 9 Months | As last reported |
| Shailesh Dhanjibhai Tanti | Company Secretary | 01 Apr 2017 | 9 Years 6 Months | As last reported |
| Jitendra Ranchhodbhai Tanti Also directs: Tanti Services LLP, Suryanshu Energy Enterprise LLP, Samanvaya Infraprojects Ap1 Private Limited and 5 more | Ceo | 18 Aug 2015 | 11 Years 2 Months | As last reported |
| Harish Himatlal Mehta Also directs: NS Windtech LLP, Sil Transmission (Rajasthan) Private Limited, Envelope Technologies Private Limited and 1 more | Director | 19 Feb 2005 | 21 Years 8 Months | As last reported |
| Nilesh Vallabhdas Dhanani Also directs: Sarjan Realities Private Limited, RTC Infracap Energy Innovations Private Limited, Cf&R Energy Private Limited and 5 more | Director | 01 Oct 2016 | 10 Years 0 Months | As last reported |
Auditor
Aspen Infrastructures Limited is audited by J B SHAH & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J B SHAH & CO | FY 2018 | 121333W |
Shareholding
The shareholding of Aspen Infrastructures Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Aspen Infrastructures Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2014 | 10476879 | Idfc Limited | ₹25 Cr | Satisfied | |
| 06 Feb 2012 | 10339456 | L & T Finance Limited | ₹1.76 Cr | Satisfied | |
| 06 Feb 2012 | 10338836 | L & T Finance Limited | ₹1.76 Cr | Satisfied | |
| 23 Dec 2011 | 10330249 | Corporation Bank | ₹10.5 Cr | Satisfied | |
| 30 Mar 2011 | 10280369 | Idbi Trusteeship Services Limited | ₹400 Cr | Satisfied |
To see the full charge records of Aspen Infrastructures Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Aspen Infrastructures Limited has 151 court cases on record: 101 filed by Aspen Infrastructures, 50 filed against it. 10 cases are pending and 141 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 80 | 25 | 6 |
| High courts | 69 | 24 | 4 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 151)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed by the company against M/S High Para Construction Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (APP) | Filed by the company against Sterling and Wilson Limited | Disposed |
| Bombay High Court | Court case (NMA) | Filed by the company against Sterling and Wilson Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Asmi Jewellery India Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Sterling and Wilson Limited | Disposed |
To see the full case history of Aspen Infrastructures 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.
Credit ratings & regulatory alerts
Aspen Infrastructures Limited was last rated by Icra on 15 Jan 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Jan 2015 |
To see the full credit ratings and regulatory alerts of Aspen Infrastructures Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aspen Infrastructures Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aspen Infrastructures Limited has a workforce of 114 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Aspen Infrastructures has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCS6871Q1ZH | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aspen Infrastructures Limited, buy the company report.
Recent activity
Aspen Infrastructures Limited has 10 board changes on record since 2005: 5 appointments and 5 cessations. The latest: Nilesh Vallabhdas Dhanani ceased to be Additional Director on 28 Sep 2017.
28 earlier events are in the company report.
Frequently asked questions
Aspen Infrastructures 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.
Aspen Infrastructures was a public limited company based in Pune, Maharashtra, India. The company worked in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 21 April 1998 and is registered under CIN U45202PN1998PLC016516. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Aspen Infrastructures was incorporated on 21 April 1998. It is registered with the Registrar of Companies, Pune.
Aspen Infrastructures had 5 directors and KMP:
- Kirtikumar Jasvantlal Vagadia - Director
- Harish Himatlal Mehta - Director
- Nilesh Vallabhdas Dhanani - Director
- Shailesh Dhanjibhai Tanti - Company Secretary
- Jitendra Ranchhodbhai Tanti - Ceo
The CIN (Corporate Identification Number) of Aspen Infrastructures is U45202PN1998PLC016516. 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 Aspen Infrastructures is at Godrej Millennium 5th Floor 9 Koregaon Park Road, Pune, Maharashtra, India – 411001.
Aspen Infrastructures can be reached through the website skeiron.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Aspen Infrastructures on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Aspen Infrastructures is 37AACCS6871Q1ZH, registered in Andhra Pradesh. The company has 10 GST registrations in all, of which 1 is active and 9 are cancelled or inactive.
Aspen Infrastructures operated in the infrastructure and utilities industry, in the general infrastructure services segment.