About Cygnus Splendid Limited
Data last updated:
Cygnus Splendid Limited is a public limited company based in New Delhi, Delhi, 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 textile and fabric production segment of the manufacturing sector. It was incorporated on 23 August 2012.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U25190DL2012PLC240650. Its GSTIN is 09AAECC9736E1ZH (Uttar Pradesh). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹9.82 Cr. It is led by directors including Vijay Kumar Tripathi (Whole-Time Director) and Krishna Kumar Singhania.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 1009 Arunachal Building 19 Barakhamba Road Connaught Place, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.38 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹63.75 Lakh and EBITDA of -₹2.97 Lakh (EBITDA margin -215.5%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 71% over five years.
As per MCA filings, the company has open charges of ₹12.67 Cr and satisfied charges of ₹17.94 Lakh on record. Court records list 54 cases involving the company, including 40 filed by the company and 14 filed against it; 24 cases are pending.
The last known website on record is cygnusgroup.in.
Company details
Contact details
Cygnus Splendid Limited's registered office is in New Delhi, Delhi. Its website is cygnusgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1009 Arunachal Building 19 Barakhamba Road Connaught Place, New Delhi, Delhi, India – 110001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Cygnus Splendid 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 Cygnus Splendid Limited
FY 2023 filings availableCygnus Splendid Limited reported revenue of ₹1.38 Lakh (up 4900% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 71% over five years. EBITDA rose 2% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.38 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹63.75 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -215.5% | ||||
| 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 Cygnus Splendid Limited, buy the company report.
Board of directors of Cygnus Splendid Limited
Cygnus Splendid has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kumar Tripathi | Whole-Time Director | 28 Feb 2022 | 4 Years 8 Months | As last reported |
| Krishna Kumar Singhania Also directs: Cygnus Multimedia Private Limited, Quality Allen Pharma Private Limited, Giem India Private Limited and 5 more | Director | 23 Aug 2012 | 14 Years 2 Months | As last reported |
| Nirmala Devi Singhania | Director | 23 Aug 2012 | 14 Years 2 Months | As last reported |
| Ruchi Singhania | Director | 23 Aug 2012 | 14 Years 2 Months | As last reported |
| Sunil Kumar Gupta | Irp/Rp/Liquidator | 15 Jan 2024 | 2 Years 9 Months | As last reported |
| Vijay Kumar Singhania | Additional Director | 18 Nov 2016 | 9 Years 11 Months | As last reported |
Peer comparison
Cygnus Splendid Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fab Distributors Private Limited | ₹1.4 Lakh (FY 2023) | 12.0% | Banda, Uttar Pradesh, India | |||
| Project Anushka Sharma Lifestyles Private Limited | ₹1.39 Lakh (FY 2023) | -30.0% | Mumbai, Maharashtra, India | |||
| M.I.T Texfab Private Limited | ₹1.39 Lakh (FY 2022) | Surat, Gujarat, India | ||||
| Cygnus Splendid Limitedthis company | ₹1.38 Lakh (FY 2023) | -₹63.75 Lakh | 4900.0% | New Delhi, Delhi, India | ||
| Brighter Products India Private Limited | ₹1.37 Lakh (FY 2025) | -6.0% | New Delhi, Delhi, India |
To see the full peer comparison of Cygnus Splendid Limited, buy the company report.
Auditor
Cygnus Splendid Limited is audited by Agarwal Mahesh & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Agarwal Mahesh & Co. | FY 2023 | 314138E |
Shareholding
The shareholding of Cygnus Splendid Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cygnus Splendid Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2014 | 10494643 | Bank of Baroda | ₹9.03 Cr | Open | |
| 30 Apr 2014 | 10494634 | Bank of Baroda | ₹3.64 Cr | Open | |
| 30 Sep 2013 | 10461440 | Indusind Bank | ₹8.97 Lakh | Satisfied | |
| 30 Sep 2013 | 10461439 | Indusind Bank | ₹8.97 Lakh | Satisfied |
To see the full charge records of Cygnus Splendid Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Cygnus Splendid Limited has 54 court cases on record: 40 filed by Cygnus Splendid, 14 filed against it. 24 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 12 | 24 |
| High courts | 5 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed by the company against Motif Packaging Pvt. Ltd. | Pending |
| District court, South West, Delhi | Criminal case | Filed against the company by Bajaj Finance Ltd. | Disposed |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by B.N Polymers Pvt Ltd | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against Ms Laxmi Export | Pending |
To see the full case history of Cygnus Splendid 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
Cygnus Splendid Limited was last rated by Icra on 18 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Apr 2022 |
To see the full credit ratings and regulatory alerts of Cygnus Splendid Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cygnus Splendid Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cygnus Splendid Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Cygnus Splendid has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECC9736E1ZH | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cygnus Splendid Limited, buy the company report.
Recent activity
Cygnus Splendid Limited has 9 board changes on record since 2012: 6 appointments and 3 cessations. The latest: Sunil Kumar Gupta was appointed as Irp/Rp/Liquidator on 15 Jan 2024.
6 earlier events are in the company report.
Frequently asked questions
Cygnus Splendid 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.
Cygnus Splendid is a company under insolvency, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 23 August 2012 and is registered under CIN U25190DL2012PLC240650. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Cygnus Splendid has 6 current directors:
- Vijay Kumar Tripathi - Whole-Time Director
- Krishna Kumar Singhania - Director
- Nirmala Devi Singhania - Director
- Ruchi Singhania - Director
- Vijay Kumar Singhania - Additional Director
- Sunil Kumar Gupta - Irp/Rp/Liquidator
The latest financial statements of Cygnus Splendid on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Cygnus Splendid is U25190DL2012PLC240650. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cygnus Splendid has open charges of ₹12.67 Cr and satisfied charges of ₹17.94 Lakh as per latest MCA filings.
Cygnus Splendid has 54 court cases on record: 40 filed by the company and 14 filed against it. 24 are pending. Most are in the district courts.
Cygnus Splendid was incorporated on 23 August 2012. It is registered with the Registrar of Companies, Delhi.
The peers of Cygnus Splendid by revenue are Fab Distributors Private Limited, Project Anushka Sharma Lifestyles Private Limited, M.I.T Texfab Private Limited, Brighter Products India Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (wholesale trading).
Sunil Kumar Gupta was appointed as Irp/Rp/Liquidator on 15 Jan 2024. Sanjay Thakur ceased to be Cfo(Kmp) on 28 Feb 2022. Vijay Kumar Tripathi was appointed as Whole-Time Director on 28 Feb 2022. Cygnus Splendid has 9 board changes on record in total.
Cygnus Splendid can be reached through the website cygnusgroup.in. Its registered office is in New Delhi, Delhi, India.
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