MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-12-0012299
Daspan Industries Limited - consumer electronics & durables in Madurai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹6.8 Cr
▼ 10% YoY
Net profit · FY 2023
₹2.62 Lakh
Net margin 0.4%
EBITDA · FY 2023
₹62.24 Lakh
EBITDA margin 9.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹6.79 Cr
Satisfied ₹5.36 Cr
Company age
20 yrs
Est. 2006
Directors on board
5
As per MCA filings
About Daspan Industries Limited
Data last updated:
Daspan Industries Limited is a public limited company based in Madurai, Tamil Nadu, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 18 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U31904TN2006PLC060576. Its GSTIN is 33AACCD8764D1ZR (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It is led by directors including Yogesh Uttamchand Hiran and Uttamchand Vishal.
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 No. 3 N.M.R Subburaman Road Periachokkikulam, Madurai, Tamil Nadu, India – 625002.
As per the financials filed for FY 2023, the company reported a revenue of ₹6.8 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹2.62 Lakh (net margin 0.4%) and EBITDA of ₹62.24 Lakh (EBITDA margin 9.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹6.79 Cr and satisfied charges of ₹5.36 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it.
Daspan Industries Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-12-0012299). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website daspan.net.
Company details
CIN U31904TN2006PLC060576
Registration Number 060576
Incorporation Date 18 July 2006
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-12-0012299
Key People
Yogesh Uttamchand Hiran Director Uttamchand Vishal Director Uttamchand Kamaladevi Director Recognitions & Rankings of Daspan Industries
Contact details
Daspan Industries Limited's registered office is in Madurai, Tamil Nadu. Its website is daspan.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 3 N.M.R Subburaman Road Periachokkikulam, Madurai, Tamil Nadu, India – 625002
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Daspan Industries Limited, buy the company report.
Comprehensive company report
Daspan Industries Limited - one report that includes everything
- 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
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Business activity
The main business activity of Daspan Industries is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Daspan Industries Limited, buy the company report.
Financials of Daspan Industries Limited
FY 2023 filings availableDaspan Industries Limited reported revenue of ₹6.8 Cr (down 10% YoY) for FY 2023.
Revenue · FY 2023
₹6.8 Cr ▼ 10%
Net profit · FY 2023
₹2.62 Lakh margin 0.4%
EBITDA · FY 2023
₹62.24 Lakh margin 9.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 10%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 11%
5 years · compounded
▲ 6%
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 3% 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 | ₹6.8 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹62.24 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.62 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 | 9.2% | ||||
| Net Profit Margin | 0.4% | ||||
| 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 Daspan Industries Limited, buy the company report.
Board of directors of Daspan Industries Limited
Daspan Industries has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Uttamchand Hiran Also directs: Tric Industries LLP, Hiran Agroceuticals Private Limited | Director | 30 Jun 2022 | 4 Years 4 Months | Current |
| Uttamchand Vishal | Director | 18 Jul 2006 | 20 Years 3 Months | Current |
| Uttamchand Kamaladevi | Director | 18 Jul 2006 | 20 Years 3 Months | Current |
| Kavitha Hiran Also directs: Hiran Agroceuticals Private Limited | Director | 26 Feb 2010 | 16 Years 8 Months | Current |
| Preethi Vishal Hiran Also directs: Hiran Agroceuticals Private Limited | Director | 11 Nov 2013 | 12 Years 11 Months | Current |
Auditor
Daspan Industries Limited is audited by ANAND & PONNAPPAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANAND & PONNAPPAN | FY 2023 | 000111S |
Shareholding
The shareholding of Daspan Industries 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 Daspan Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹6.79 Cr
Satisfied charges
₹5.36 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2022 | 100615894 | Others | ₹6.74 Cr | Open | |
| 15 Oct 2020 | 100395545 | Others | ₹5.07 Lakh | Open | |
| 07 Jun 2018 | 100187316 | Others | ₹2.96 Cr | Satisfied | |
| 03 Jul 2014 | 10511607 | Axis Bank Limited | ₹1.6 Cr | Satisfied | |
| 09 Oct 2013 | 10457382 | The Karur Vysya Bank Limited | ₹80 Lakh | Satisfied |
To see the full charge records of Daspan Industries Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Daspan Industries Limited has 7 court cases on record: 1 filed by Daspan Industries, 6 filed against it. All cases are disposed.
Total cases
7
Filed by the company
1
Filed against the company
6
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Karur Vysya Bank, | Disposed |
| District court, Madurai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Karur Vysya Bank | Disposed |
| District court, Jamnagar, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Thrissur, Kerala | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Palakkad, Kerala | Execution petition | Filed against the company by Canara Bank,Branch Manager and 1 other | Disposed |
To see the full case history of Daspan Industries 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 Daspan Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Daspan Industries has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCD8764D1ZR | Tamil Nadu | Active | 01 Jul 2017 |
| 27AACCD8764D1ZK | Maharashtra | Active | 05 Jul 2018 |
To see the full GST registrations and return filing status of Daspan Industries Limited, buy the company report.
Recent activity
Daspan Industries Limited has 10 board changes on record since 2006: 5 appointments and 5 cessations. The latest: Yogesh Uttamchand Hiran was appointed as Director on 30 Jun 2022.
AGM
Daspan Industries Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Daspan Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
Charges
A charge registered on 07 Jun 2018 via Charge ID 100187316 with Others was fully satisfied on 20 Oct 2022.
Charges
A charge with Others amounted to Rs. 6.74 Cr with Charge ID 100615894 was registered on 30 Aug 2022.
Appointed
Yogesh Uttamchand Hiran was appointed as Director.
Ceased
Yogesh Uttamchand Hiran ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.05 Cr with Charge ID 100395545 was registered on 15 Oct 2020.
Charges
A charge with Others of Rs. 2.96 Cr registered on 07 Jun 2018 with Charge ID 100187316 was modified on 18 Jun 2020.
Ceased
Mangalchand Uttamchand ceased to be Managing Director.
Charges
A charge registered on 03 Jul 2014 via Charge ID 10511607 with Axis Bank Limited was fully satisfied on 07 Jul 2018.
Charges
A charge with Others amounted to Rs. 2.96 Cr with Charge ID 100187316 was registered on 07 Jun 2018.
Charges
A charge with Axis Bank Limited of Rs. 1.60 Cr registered on 03 Jul 2014 with Charge ID 10511607 was modified on 02 Jul 2016.
12 earlier events are in the company report.
Frequently asked questions
Daspan Industries is an active public limited company based in Madurai, Tamil Nadu, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 18 July 2006 (20+ years old) and is registered under CIN U31904TN2006PLC060576.
Daspan Industries has 5 current directors:
- Yogesh Uttamchand Hiran - Director
- Uttamchand Vishal - Director
- Uttamchand Kamaladevi - Director
- Kavitha Hiran - Director
- Preethi Vishal Hiran - Director
The latest financial statements of Daspan Industries 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 GSTIN of Daspan Industries is 33AACCD8764D1ZR, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AACCD8764D1ZK (Maharashtra).
The CIN (Corporate Identification Number) of Daspan Industries is U31904TN2006PLC060576. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Daspan Industries has 7 court cases on record: 1 filed by the company and 6 filed against it.
Daspan Industries was incorporated on 18 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
Yogesh Uttamchand Hiran was appointed as Director on 30 Jun 2022. Yogesh Uttamchand Hiran ceased to be Director on 25 Mar 2021. Mangalchand Uttamchand ceased to be Managing Director on 05 Jun 2019. Daspan Industries has 10 board changes on record in total.
Yes, Daspan Industries is registered as a small enterprise under Udyam registration (number: UDYAM-TN-12-0012299).
Daspan Industries can be reached through the website daspan.net. Its registered office is in Madurai, Tamil Nadu, India.
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