About Demac Technologies Pvt Ltd
Data last updated:
Demac Technologies Pvt Ltd is a private limited company based in Vadodara, Gujarat, India. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 01 August 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U30006GJ1990PTC014109. Its GSTIN is 24AAACD6885D1ZQ (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹85 Lakh and a paid-up capital of ₹66.67 Lakh. It is led by directors Kunal Nidadavolu Karunakar (Managing Director) and Kanchan Karunakar.
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 Sb – 21 Ivory Terrace R.C.Dutt Road Alkapuri, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.65 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net loss of ₹2.41 Cr (net margin -13.7%) and EBITDA of -₹68.06 Lakh (EBITDA margin -3.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 25% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.75 Cr and satisfied charges of ₹6.79 Cr on record. Court records list 23 cases involving the company, including 4 filed by the company and 19 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website demac.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSb – 21 Ivory Terrace R.C.Dutt Road Alkapuri, Vadodara, Gujarat, India – 390007
- IndustryInfrastructure and Utilities, Road & Bridge Construction
- 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
- One PDF report, delivered after checkout
Business Activity of Demac Technologies Pvt Ltd
The main business activities of Demac Technologies are construction and support service to organizations. In detail, this covers roads, railways, utility projects and other support services to organizations. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Demac Technologies Pvt Ltd FY 2023 filings available
Demac Technologies Pvt Ltd reported revenue of ₹17.65 Cr (up 32% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Demac Technologies Pvt Ltd
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 32% growth in the latest year. EBITDA fell 134% 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 of Demac Technologies Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹68.06 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.41 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Demac Technologies Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -13.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Demac Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Demac Technologies Pvt Ltd
Demac Technologies Pvt Ltd is compared with the companies closest to it by revenue in the Infrastructure industry (Roads and Bridges). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Raj Path Infracon PN 42 Private Limited | •••• | •••• | •••• | •••• | - | Pune City, Maharashtra, India |
| GVR Panna Amanganj Tollway Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Green Tech Intelligent Transportation System LLP | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Keti Highway Developers Private Limited | •••• | •••• | •••• | •••• | - | Indore, Madhya Pradesh, India |
| Roads and Bridges Development Corporation of Kerala Limited | •••• | •••• | •••• | •••• | - | Ernakulam, Kerala, India |
| Demac Technologies Pvt Ltd this company | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Indeeya Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Dhule, Maharashtra, India |
| Dpj-Dra Tollways Private Limited | •••• | •••• | •••• | •••• | 165 | Nagpur, Maharashtra, India |
| Vaijapur Hasta Tollways Private Limited | •••• | •••• | •••• | •••• | - | Indore, Madhya Pradesh, India |
| Agroh Ratlam Tollways Private Limited | •••• | •••• | •••• | •••• | 30 | Mhow, Madhya Pradesh, India |
| BB Infra Solutions Private Limited | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
Peers are the five companies nearest above and the five nearest below Demac Technologies by revenue in the Infrastructure industry (Roads and Bridges), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Demac Technologies Pvt Ltd
Demac Technologies Pvt Ltd is audited by Haribhakti & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Haribhakti & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Demac Technologies Pvt Ltd
Demac Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanchan Karunakar | Director | 01 Aug 1990 | 36 Years 2 Months | Current |
| Kunal Nidadavolu Karunakar | Managing Director | 30 Mar 2013 | 13 Years 6 Months | Current |
Ownership and Shareholding of Demac Technologies Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Demac Technologies Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Sep 2024 | Others | ₹11.8 Lakh | Open |
| 06 May 2024 | Others | ₹23.26 Lakh | Open |
| 29 Jan 2022 | Yes Bank Limited | ₹6.86 Cr | Open |
| 21 Sep 2020 | Axis Bank Limited | ₹11.82 Lakh | Open |
| 11 May 2020 | Others | ₹24 Lakh | Open |
Total charge records: 14 View all charges
Legal Cases of Demac Technologies Pvt Ltd
Demac Technologies Pvt Ltd has 23 court cases on record: 4 filed by Demac Technologies, 19 filed against it. 7 cases are pending and 16 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 18 | 7 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Cholamandalam Investment and Finance Company Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Yes Bank Limited | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Vimal Fire Controls Private Limited | Pending |
| District court, Vadodara, Gujarat | Criminal miscellaneous application | Filed against the company by Yes Bank Limited | Disposed |
| Bombay High Court | Court case (ALP) | Filed against the company by India Flex Industries Private Limited | Disposed |
Full case history
All 23 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Demac Technologies Pvt Ltd
Demac Technologies Pvt Ltd has a workforce of 46 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Demac Technologies Pvt Ltd
Demac Technologies Pvt Ltd has 4 board changes on record since 1990: 2 appointments and 2 cessations. The latest: Kunal Nidadavolu Karunakar ceased to be Director on 22 Nov 2023.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Demac Technologies Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Demac Technologies Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Demac Technologies Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Demac Technologies Pvt Ltd
Demac Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD6885D1ZQ | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Demac Technologies Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Demac Technologies Pvt Ltd
Demac Technologies is an active private limited company based in Vadodara, Gujarat, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 01 August 1990 (36+ years old) and is registered under CIN U30006GJ1990PTC014109.
Demac Technologies reported revenue of ₹17.65 Cr for FY 2024 (up 32% YoY).
Demac Technologies has 2 current directors:
- Kunal Nidadavolu Karunakar - Managing Director
- Kanchan Karunakar - Director
Demac Technologies reported a net loss of ₹2.41 Cr (net margin -13.7%) and EBITDA of -₹68.06 Lakh (EBITDA margin -3.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Demac Technologies is 11% over three years and 25% over five years. In the latest year (FY 2024) revenue rose 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Demac Technologies is 24AAACD6885D1ZQ, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Demac Technologies is U30006GJ1990PTC014109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Demac Technologies has 23 court cases on record: 4 filed by the company and 19 filed against it. 7 are pending. Most are in the district courts.
Demac Technologies was incorporated on 01 August 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Demac Technologies by revenue are Raj Path Infracon PN 42 Private Limited, GVR Panna Amanganj Tollway Private Limited, Green Tech Intelligent Transportation System LLP, Keti Highway Developers Private Limited, Roads and Bridges Development Corporation of Kerala Limited and 5 more, all in the Infrastructure industry (Roads and Bridges).
Kunal Nidadavolu Karunakar ceased to be Director on 22 Nov 2023. Rajarao Karunakar Nidadavolu ceased to be Director on 09 Sep 2023. Kunal Nidadavolu Karunakar was appointed as Managing Director on 30 Mar 2013. Demac Technologies has 4 board changes on record in total.