About Deepak Cables (India) Limited
Data last updated:
Deepak Cables (India) Limited is a public 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 power cables segment of the manufacturing sector. It was incorporated on 20 June 1977.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U64201KA1977PLC003168. Its GSTIN is 29AAACD6466C1ZP (Karnataka). The company holds 15 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹92 Cr and a paid-up capital of ₹91.69 Cr. It was formerly known as Deepak Cables (India) Private Limited. It is led by directors including Karuturi Rao Venkateshwara (Managing Director) and Satyavathi Balla (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 December 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at 7 N S Iyengar Street Sheshadripuram, Bangalore, Karnataka, India – 560020.
The company has about 41 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Deepak Cables. As per MCA filings, the company has open charges of ₹1,557.03 Cr and satisfied charges of ₹1,569.82 Cr on record. Court records list 168 cases involving the company, including 87 filed by the company and 81 filed against it; 21 cases are pending. The company has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹228 Cr; the latest was in January 2014.
The last known website on record is deepakcablesindia.com.
Company details
CIN history
Deepak Cables (India) has one previous CIN (Corporate Identification Number): U85110KA1977PLC003168. The current CIN is U64201KA1977PLC003168, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64201KA1977PLC003168 | Current |
| U85110KA1977PLC003168 | Previous |
Contact details
Deepak Cables (India) Limited's registered office is in Bangalore, Karnataka.
- Registered Address7 N S Iyengar Street Sheshadripuram, Bangalore, Karnataka, India – 560020
- IndustryManufacturing, Power Cables
- 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
Deepak Cables (India) operates one associated brand: Deepak Cables. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Limited information available | deepakcablesindia.com |
Financials of Deepak Cables (India) Limited
FY 2014 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Deepak Cables (India) Limited, buy the company report.
Board of directors and KMP of Deepak Cables (India) Limited
Deepak Cables (India) Limited currently reports 3 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satyavathi Balla | Whole-Time Director | 27 Aug 2007 | 19 Years 2 Months | As last reported |
| Maddur Gundurao Mohan Kumar Also directs: Starcom Information Technology Limited, Nandi Hills Estates Private Limited, I - Assure Info Solutions Private Limited and 2 more | Director | 25 Aug 2007 | 19 Years 2 Months | As last reported |
| Sharadh Prasad Hassan Keshaviah Also directs: Sysact Consultants Private Limited | Cfo | 30 Sep 2014 | 12 Years 1 Months | As last reported |
| Karuturi Rao Venkateshwara | Managing Director | 03 Mar 1995 | 31 Years 8 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jun 2013 | 10443849 | Sundaram Finance Limited | ₹1.09 Cr | Open | |
| 16 Oct 2012 | 10385887 | Icici Bank Limited | ₹44.85 Lakh | Open | |
| 28 Nov 2011 | 10330576 | Punjab National Bank | ₹245 Cr | Open | |
| 29 Nov 2010 | 10255900 | State Bank of Mysore | ₹10.5 Cr | Open | |
| 09 Mar 1998 | 80019816 | State Bank of India | ₹1,300 Cr | Open |
To see the full charge records of Deepak Cables (India) Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Deepak Cables (India) Limited has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹228 Cr; the latest was in January 2014.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: Surya Transmission Limited Seller: Investcorp |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: Ascent Capital Advisors India, 3 individuals Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Investcorp, Ascent Capital Advisors India Seller: Surya Transmission Limited , 2 individuals |
| Dec 2008 | Secondary share transfer | Undisclosed | Buyer: Investcorp Seller: an individual |
| Jun 2008 | Funding round | ₹228 Cr | Investors: Investcorp, Ascent Capital Advisors India |
To see the full deal history of Deepak Cables (India) 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
Deepak Cables (India) Limited has 168 court cases on record: 87 filed by Deepak Cables (India), 81 filed against it. 21 cases are pending and 147 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 107 | 44 | 13 |
| District courts | 45 | 24 | 5 |
| NCLAT | 8 | 7 | 2 |
| Supreme Court | 6 | 4 | 1 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 168)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0302-Arbitration Law and Other Alternative Dispute Resolution : SLPs relating to appointment of arbitrator, arising out of applications under Section 8, removal of arbitrator, termination of mandate of arbitrator under Arbitration Act, 1940, and Arbitration and Conciliation Act, 1996.) | Filed by the company against Madhya Pradesh Power Transmission Co. Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.P.) | Filed against the company by Karnataka Power Transmission Corporation Limited | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed by the company against Power Grid Corporation of India Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Power Grid Corporation of India Limited | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by M/S Teestavalley Power Transmission Ltd(Now Sikkim Power Transmission Ltd) Through Its Authoirsed Signatory Office at B 2/1A Safdarjung Enclave, Africa Avenue ,New Delhi , Delhi | Pending |
To see the full case history of Deepak Cables (India) 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
Deepak Cables (India) Limited was last rated by Crisil on 14 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Feb 2020 |
To see the full credit ratings and regulatory alerts of Deepak Cables (India) Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Deepak Cables (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Deepak Cables (India) has 15 GST registrations: 5 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACD6466C1ZP | Karnataka | Active | 01 Jul 2017 |
| 18AAACD6466C1ZS | Assam | Active | 01 Jul 2017 |
| 20AAACD6466C1Z7 | Jharkhand | Active | 01 Jul 2017 |
| 21AAACD6466C1Z5 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Deepak Cables (India) Limited, buy the company report.
Recent activity
Deepak Cables (India) Limited has 14 board changes on record since 1995: 4 appointments and 10 cessations. The latest: Syed Shahabuddin ceased to be Nominee Director on 04 Feb 2017.
52 earlier events are in the company report.
Frequently asked questions
Deepak Cables (India) 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.
Deepak Cables (India) is a company under liquidation, formerly operating as a public limited company based in Bangalore, Karnataka, India. The company works in power cables, within the manufacturing industry. It was incorporated on 20 June 1977 and is registered under CIN U64201KA1977PLC003168. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Deepak Cables (India) has 4 current directors and KMP:
- Karuturi Rao Venkateshwara - Managing Director
- Satyavathi Balla - Whole-Time Director
- Maddur Gundurao Mohan Kumar - Director
- Sharadh Prasad Hassan Keshaviah - Cfo
The latest financial statements of Deepak Cables (India) on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 31 December 2014. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Deepak Cables (India) is U64201KA1977PLC003168. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Deepak Cables (India) has open charges of ₹1,557.03 Cr and satisfied charges of ₹1,569.82 Cr as per latest MCA filings.
Deepak Cables (India) has 168 court cases on record: 87 filed by the company and 81 filed against it. 21 are pending. Most are in the high courts.
Deepak Cables (India) was incorporated on 20 June 1977. It is registered with the Registrar of Companies, Bangalore.
Deepak Cables (India) has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹228 Cr; the latest was in January 2014.
Syed Shahabuddin ceased to be Nominee Director on 04 Feb 2017. Subhasis Majumder ceased to be Director on 24 Mar 2015. Sharadh Prasad Hassan Keshaviah was appointed as CFO on 30 Sep 2014. Deepak Cables (India) has 14 board changes on record in total.
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