About Comstar Automotive Technologies Private Limited
Data last updated:
Comstar Automotive Technologies Private Limited was a private limited company based in Gurgaon, Haryana, India, operated as a subsidiary of Sona Blw Precision Forgings Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 21 March 1997.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U35911HR1997PTC083740. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹150 Cr and a paid-up capital of ₹64.53 Cr. It was formerly known as Visteon Powertrain Control Systems India Private Limited and Electrical & Fuel Handling India Private Limited. It was led by directors including Sat Mohan Gupta (Whole-Time Director) and Amit Dixit.
Its last annual general meeting (AGM) was held on 10 August 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Sector 35, Gurgaon, Haryana.
As per the financials filed for FY 2021, the company reported a revenue of ₹669.05 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹113.56 Cr (net margin 17%) and EBITDA of ₹187.42 Cr (EBITDA margin 28%).
The company had about 832 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
As per MCA filings, the company had satisfied charges of ₹117.93 Cr on record. Court records list 27 cases involving the company, including 5 filed by the company and 22 filed against it; 3 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 acquisitions); the latest was in July 2019.
The last known website on record is comstarauto.co.in.
Company details
Name history
Comstar Automotive Technologies has undergone 2 name changes throughout its history. The company was previously known as Visteon Powertrain Control Systems India Private Limited, and Electrical & Fuel Handling India Private Limited. The current legal name is Comstar Automotive Technologies Private Limited.
| Company Name | Status |
|---|---|
| Comstar Automotive Technologies Private Limited | Current |
| Visteon Powertrain Control Systems India Private Limited | Previous |
| Electrical & Fuel Handling India Private Limited | Previous |
CIN history
Comstar Automotive Technologies has one previous CIN (Corporate Identification Number): U35911TN1997PTC037783. The current CIN is U35911HR1997PTC083740, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35911HR1997PTC083740 | Current |
| U35911TN1997PTC037783 | Previous |
Contact details
Comstar Automotive Technologies Private Limited's registered office is in Gurgaon, Haryana. Its website is comstarauto.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSona Enclave Village Begumpur Khatola, Sector 35 India, Gurgaon, Haryana, India – 122001
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Comstar Automotive 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
Business activity
The main business activity of Comstar Automotive Technologies is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Comstar Automotive Technologies Private Limited, buy the company report.
Financials of Comstar Automotive Technologies Private Limited
FY 2021 filings availableComstar Automotive Technologies Private Limited reported revenue of ₹669.05 Cr (up 12% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 12% in the latest year. EBITDA rose 3% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹669.05 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹187.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹113.56 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28% | ||||
| Net Profit Margin | 17% | ||||
| 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 Comstar Automotive Technologies Private Limited, buy the company report.
Board of directors of Comstar Automotive Technologies Private Limited
Comstar Automotive Technologies has 7 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Dixit | Director | 28 Mar 2018 | 8 Years 7 Months | As last reported |
| Sat Mohan Gupta | Whole-Time Director | 05 Sep 2007 | 19 Years 1 Months | As last reported |
| Subbu Venkata Rama Behara Also directs: Gabriel India Limited, Mtar Technologies Limited, DCM Shriram Fine Chemicals Limited and 5 more | Director | 09 Apr 2018 | 8 Years 6 Months | As last reported |
| Ganesh Mani Also directs: Ask Investment Managers Limited, Aster DM Quality Care Limited, Nxsure General Insurance Limited and 5 more | Director | 18 Feb 2021 | 5 Years 8 Months | As last reported |
| Sunjay Kapur | Director | 05 Jul 2019 | 7 Years 3 Months | As last reported |
| Vivek Vikram Singh Also directs: Sona BLW Precision Forgings Limited, Varmora Granito Limited | Director | 05 Jul 2019 | 7 Years 3 Months | As last reported |
Auditor
Comstar Automotive Technologies Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2021 | 001076N/N500013 |
Shareholding
The shareholding of Comstar Automotive Technologies Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Comstar Automotive Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 2009 | 10197109 | State Bank of India | ₹28.5 Cr | Satisfied | |
| 31 Mar 2009 | 10154413 | Canara Bank | ₹10 Cr | Satisfied | |
| 09 May 2008 | 10107160 | Standard Chartered Bank | ₹19.5 Cr | Satisfied | |
| 19 Jul 2005 | 90288251 | The Indusind Bank Ltd | ₹50 Lakh | Satisfied | |
| 08 Nov 2004 | 80010310 | The Hongkong and Shanghai Banking Corpn Ltd | ₹50 Cr | Satisfied |
To see the full charge records of Comstar Automotive Technologies Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Comstar Automotive Technologies Private Limited has 6 deals on record (4 secondary share transfers, 2 acquisitions); the latest was in July 2019.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2019 | Acquisition | Undisclosed | Buyer: Sona BLW Precision Forgings Limited Seller: Blackstone Advisors India |
| Mar 2018 | Acquisition | Undisclosed | Buyer: Blackstone Advisors India Seller: Comstar Mauritius Limited, Comstar Holdings PTE Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Comstar Mauritius Limited, Comstar Holdings PTE Limited Seller: Visteon International Holding Limited, Visteon International Holdings Singapore Limited |
| Dec 2007 | Secondary share transfer | Undisclosed | Seller: Visteon International Holding Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Visteon International Holding Limited, Visteon International Holdings Singapore Limited Seller: Visteon International Holdings Inc, Visteon Asia Holdings Inc |
To see the full deal history of Comstar Automotive 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
Comstar Automotive Technologies Private Limited has 27 court cases on record: 5 filed by Comstar Automotive Technologies, 22 filed against it. 3 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 18 | 3 |
| District courts | 2 | 2 | 0 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (TCA) | Filed against the company by The Commissioner of Income Tax, M/S.T.Ravi Kumar, Hemalatha | Pending |
| High Court, TAMIL NADU | Court case (TCA) | Filed against the company by The Commissioner of Income Tax M/S.T.Ravi Kumar, Hemalatha | Pending |
| Supreme Court | Court case (0318-Direct Taxes Matter : Deductions/exemptions) | Filed against the company by The Commissioner of Income Tax Chennai the Commissioner of Income Tax Chennai ,Chennai , Tamil Nadu | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by The Commissioner of Income Tax | Disposed |
| High Court, TAMIL NADU | Court case (TCA) | Filed against the company by The Commissioner of Income Tax, | Disposed |
To see the full case history of Comstar Automotive 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.
Credit ratings & regulatory alerts
Comstar Automotive Technologies Private Limited was last rated by Icra on 06 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 06 Sep 2021 |
To see the full credit ratings and regulatory alerts of Comstar Automotive Technologies Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Comstar Automotive Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Comstar Automotive Technologies has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Comstar Automotive Technology Services Private Limited | U31501TN2012PTC088468 |
To see the full group structure of Comstar Automotive Technologies Private Limited, buy the company report.
Employees & EPFO
Comstar Automotive Technologies Private Limited has a workforce of 832 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Comstar Automotive 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 Comstar Automotive Technologies Private Limited, buy the company report.
Recent activity
Comstar Automotive Technologies Private Limited has 27 board changes on record since 2007: 7 appointments and 20 cessations. The latest: Ganesh Mani ceased to be Additional Director on 10 Aug 2021.
35 earlier events are in the company report.
News
Frequently asked questions
Comstar Automotive Technologies 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.
Comstar Automotive Technologies was a private limited company based in Gurgaon, Haryana, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 21 March 1997 and is registered under CIN U35911HR1997PTC083740. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Comstar Automotive Technologies was incorporated on 21 March 1997. It is registered with the Registrar of Companies, Delhi.
Comstar Automotive Technologies had 7 directors:
- Sat Mohan Gupta - Whole-Time Director
- Amit Dixit - Director
- Subbu Venkata Rama Behara - Director
- Ganesh Mani - Director
- Sunjay Kapur - Director
- Vivek Vikram Singh - Director
- Dipti Atul Mehta - Director
The CIN (Corporate Identification Number) of Comstar Automotive Technologies is U35911HR1997PTC083740. 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 Comstar Automotive Technologies is at Sona Enclave Village Begumpur Khatola, Sector 35 India, Gurgaon, Haryana, India – 122001.
Comstar Automotive Technologies can be reached through the website comstarauto.co.in. Its registered office is in Gurgaon, Haryana, India.
The latest financial statements of Comstar Automotive Technologies on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 10 August 2021. Year-wise statements from 2015 are in the company report.
No. Comstar Automotive Technologies has 1 GST registration on record and it is cancelled or inactive.
Comstar Automotive Technologies operated in the automotive industry, in the auto parts and components segment.
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