About Comat Technologies Private Limited
Data last updated:
Comat Technologies Private Limited is a private limited company based in Bangalore, 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 22 March 1996.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA1996PTC020127. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15.7 Cr and a paid-up capital of ₹11.08 Cr. It is led by directors Sriram Raghavan and Ravi Rangan Srinivasa.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No 333 Thimmaiah Road Vasanthnagar Opp: Ksfc, Bangalore, Karnataka, India – 560052.
As per the financials filed for FY 2018, the company reported a revenue of ₹87,222, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹67.64 Lakh and EBITDA of -₹67.64 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 4% over three years.
The company is associated with 1 brand: Comat Technologies. As per MCA filings, the company has open charges of ₹94.49 Cr on record. Court records list 41 cases involving the company, including 12 filed by the company and 29 filed against it; 2 cases are pending. The company has 12 deals on record (7 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹76.23 Cr; the latest was in June 2014. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Byteevolvr Enterprises (OPC) Private Limited with revenue of ₹89,255.
The last known website on record is comat.com.
Company details
Contact details
Comat Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is comat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 333 Thimmaiah Road Vasanthnagar Opp: Ksfc, Bangalore, Karnataka, India – 560052
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Comat Technologies 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
Comat Technologies operates one associated brand: Comat Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| E-governance solutions are delivered via ICT in rural areas. | comat.com |
Financials of Comat Technologies Private Limited
FY 2018 filings availableComat Technologies Private Limited reported revenue of ₹87,222 (down 2% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over three years, including a 2% fall in the latest year. EBITDA fell 473% 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 | ₹87,222 | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹67.64 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹67.64 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Comat Technologies Private Limited, buy the company report.
Board of directors of Comat Technologies Private Limited
Comat Technologies has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sriram Raghavan | Director | 27 Aug 2004 | 22 Years 2 Months | As last reported |
| Ravi Rangan Srinivasa Also directs: Tactile Education Services Private Limited | Director | 22 Mar 1996 | 30 Years 7 Months | As last reported |
Peer comparison
Comat Technologies Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Byteevolvr Enterprises (OPC) Private Limited | ₹89,255 (FY 2025) | 7338.0% | Joypur, West Bengal, India | |||
| Horizon BPO Private Limited | ₹88,410 (FY 2025) | -99.0% | New Delhi, Delhi, India | |||
| Bymin Private Limited | ₹87,996 (FY 2025) | 193.0% | Nannamukku P O, Kerala, India | |||
| VH Overseas Private Limited | ₹87,438 (FY 2025) | -17.0% | New Delhi, Delhi, India | |||
| BJD Logistics India Private Limited | ₹87,264 (FY 2018) | New Delhi, Delhi, India | ||||
| Comat Technologies Private Limitedthis company | ₹87,222 (FY 2018) | -₹67.64 Lakh | -2.0% | Bangalore, Karnataka, India | ||
| Morcorp Solutions Private Limited | ₹86,740 (FY 2024) | 36.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Telesoft Bhumi Private Limited | ₹86,086 (FY 2021) | New Delhi, Delhi, India | ||||
| Fluidiqs India Private Limited | ₹85,968 (FY 2018) | Pune, Maharashtra, India | ||||
| Bridge Over Tw.Com Private Limited | ₹85,932 (FY 2021) | -35.0% | Chennai, Tamil Nadu, India | |||
| Sigma Interactive India Private Limited | ₹85,760 (FY 2025) | -78.0% | Mohali, Punjab, India |
To see the full peer comparison of Comat Technologies Private Limited, buy the company report.
Auditor
Comat Technologies Private Limited is audited by B C SHETTY & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B C SHETTY & CO | FY 2018 | 003819S |
Shareholding
The shareholding of Comat Technologies Private 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 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Comat Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2011 | 10292791 | Icici Bank Limited | ₹12.68 Cr | Open | |
| 14 Jan 2011 | 10266264 | Srei Equipment Finance Private Limited | ₹3.2 Cr | Open | |
| 23 Dec 2009 | 10196768 | 3I Infotech Trusteeship Services Limited | ₹9.68 Cr | Open | |
| 22 May 2008 | 10106570 | State Bank of India | ₹51.86 Cr | Open | |
| 27 Nov 2006 | 10029294 | Icici Bank Limited | ₹1.17 Cr | Open |
To see the full charge records of Comat Technologies Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Comat Technologies Private Limited has 12 deals on record (7 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹76.23 Cr; the latest was in June 2014.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: Jasmine Computech Private Limited Seller: Elevar Equity |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: Lakeview Techsystems Private Limited Seller: Omidyar Network |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Omidyar Network, Elevar Equity, 2 individuals Seller: Intel Capital, Others Comat Technologies Pvt. Ltd |
| Oct 2008 | Funding round · Series C | ₹50.65 Cr | Investors: Omidyar Network, Elevar Equity |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Akash Bhanshali Family Office, Rianta Capital, Hughes Network Systems India Private Limited , an individual Seller: 2 individuals |
To see the full deal history of Comat Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Comat Technologies Private Limited has 41 court cases on record: 12 filed by Comat Technologies, 29 filed against it. 2 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 13 | 2 |
| District courts | 19 | 16 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Glodyne Techno Serve Ltd and 1 other | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Icici Bank Ltd | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by HCL Infosystems Limited | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by M/S Hughes Communications India Ltd | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by M/S HCL Infosystems Limited | Disposed |
To see the full case history of Comat Technologies Private 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 Comat Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Comat Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Comat Technologies Private Limited, buy the company report.
Recent activity
Comat Technologies Private Limited has 11 board changes on record since 1996: 2 appointments and 9 cessations. The latest: Dinesh Kumar Tyagi ceased to be Additional Director on 28 Sep 2011.
15 earlier events are in the company report.
Frequently asked questions
Comat Technologies 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.
Comat Technologies is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 22 March 1996 and is registered under CIN U72200KA1996PTC020127. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Comat Technologies has 2 current directors:
- Sriram Raghavan - Director
- Ravi Rangan Srinivasa - Director
The latest financial statements of Comat Technologies on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Comat Technologies is U72200KA1996PTC020127. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Comat Technologies has open charges of ₹94.49 Cr and no satisfied charges on record as per latest MCA filings.
Comat Technologies has 41 court cases on record: 12 filed by the company and 29 filed against it. 2 are pending. Most are in the high courts.
Comat Technologies was incorporated on 22 March 1996. It is registered with the Registrar of Companies, Bangalore.
Comat Technologies has 12 deals on record (7 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹76.23 Cr; the latest was in June 2014.
The peers of Comat Technologies by revenue are Byteevolvr Enterprises (OPC) Private Limited, Horizon BPO Private Limited, Bymin Private Limited, VH Overseas Private Limited, BJD Logistics India Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Dinesh Kumar Tyagi ceased to be Additional Director on 28 Sep 2011. Rudolph Mascarenhas ceased to be Director on 09 Nov 2010. Sriram Raghavan ceased to be Managing Director on 06 Sep 2010. Comat Technologies has 11 board changes on record in total.
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