About Democrart Technologies Private Limited
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Democrart Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 09 January 2023.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2023PTC158125. Its GSTIN is 33AAJCD8082H1ZH (Tamil Nadu).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.28 Cr. It is led by directors including Sunilkumar Jagdishprasad Adukia and Hemalatha Ramaiah.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.4 2nd Street Dr. Radhakrishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.39 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹2.6 Cr (net margin -48.2%) and EBITDA of -₹2.5 Cr (EBITDA margin -46.4%).
Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asign.art.
Company details
Contact details
Democrart Technologies Private Limited's registered office is in Chennai, Tamil Nadu. Its website is asign.art. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.4 2nd Street Dr. Radhakrishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Democrart 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 Democrart Technologies is arts, entertainment and recreation. In detail, this covers library, archives, museums and other cultural activities..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R2 | Library, archives, museums and other cultural activities. |
To see the full business activity and turnover split of Democrart Technologies Private Limited, buy the company report.
Financials of Democrart Technologies Private Limited
FY 2025 filings availableDemocrart Technologies Private Limited reported revenue of ₹5.39 Cr (down 68% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 68% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| EBITDA | -₹2.5 Cr | ||
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| Net Profit (PAT) | -₹2.6 Cr | ||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| Profitability | |||
| EBITDA Margin | -46.4% | ||
| Net Profit Margin | -48.2% | ||
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To see the full financial statements and ratios of Democrart Technologies Private Limited, buy the company report.
Board of directors of Democrart Technologies Private Limited
Democrart Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunilkumar Jagdishprasad Adukia | Director | 21 Aug 2023 | 3 Years 2 Months | Current |
| Hemalatha Ramaiah Also directs: Ifrieze Design Solutions Private Limited, Eicon Vision Private Limited, Jay Securities Private Limited and 2 more | Director | 09 Jan 2023 | 3 Years 9 Months | Current |
| Ashvin Eachambadi Rajagopalan Also directs: The Piramal Art Foundation, Eicon Vision Private Limited, Varaer Trading LLP and 5 more | Director | 09 Jan 2023 | 3 Years 9 Months | Current |
Auditor
Democrart Technologies Private Limited is audited by Chandran & Raman for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chandran & Raman | FY 2023 | 000571S |
Shareholding
The shareholding of Democrart Technologies Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Democrart Technologies Private Limited, buy the company report.
Legal cases
Democrart Technologies Private Limited has 3 court cases on record: 3 filed by Democrart Technologies. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed by the company against Bombay Design Centre Private Limited | Disposed |
| High Court | Arbitration matter | Filed by the company against Bombay Design Centre Private Limited | Disposed |
| High Court | Arbitration matter | Filed by the company against Bombay Design Centre Private Limited | Disposed |
To see the full case history of Democrart 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Democrart Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Democrart Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAJCD8082H1ZH | Tamil Nadu | Active | 07 Mar 2023 |
To see the full GST registrations and return filing status of Democrart Technologies Private Limited, buy the company report.
Recent activity
Democrart Technologies Private Limited has 4 board changes on record since 2023: 3 appointments and 1 cessation. The latest: Sunilkumar Jagdishprasad Adukia was appointed as Director on 21 Aug 2023.
Frequently asked questions
Democrart Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 09 January 2023 (3+ years old) and is registered under CIN U72900TN2023PTC158125.
Democrart Technologies has 3 current directors:
- Sunilkumar Jagdishprasad Adukia - Director
- Hemalatha Ramaiah - Director
- Ashvin Eachambadi Rajagopalan - Director
The latest financial statements of Democrart Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Democrart Technologies is 33AAJCD8082H1ZH, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Democrart Technologies is U72900TN2023PTC158125. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Democrart Technologies has 3 court cases on record: 3 filed by the company.
Democrart Technologies was incorporated on 09 January 2023, making it 3+ years old. It is registered with the Registrar of Companies, Chennai.
Sunilkumar Jagdishprasad Adukia was appointed as Director on 21 Aug 2023. Sunilkumar Jagdishprasad Adukia ceased to be Additional Director on 21 Aug 2023. Ashvin Eachambadi Rajagopalan was appointed as Director on 09 Jan 2023. Democrart Technologies has 4 board changes on record in total.
Democrart Technologies can be reached through the website asign.art. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Democrart Technologies is at No.4 2nd Street Dr. Radhakrishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004.