Denovo Enterprises Private Limited
About Denovo Enterprises Private Limited
Data last updated:
Denovo Enterprises Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Talwalkars Better Value Fitness Limited. 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 wellness and healthcare centers segment of the travel and hospitality sector. It was incorporated on 08 February 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55100MH2005PTC151128. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1 Cr. It is led by directors Tapas Kumar Dikpati and Ajay Pratapray Shanghavi.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.9 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹1.32 Cr (net margin -45.5%) and EBITDA of -₹37.71 Lakh (EBITDA margin -13%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years.
As per MCA filings, the company has open charges of ₹6 Cr on record. Court records list 12 cases involving the company, including 5 filed by the company and 12 filed against it; 4 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in January 2011. Its 3 peer companies in the Consumer Services industry (Gyms), with the same principal business activity (sports, amusement and recreation activities) are compared by revenue, 2 larger and 1 smaller; the largest is Vitalvertex Fitness Club Private Limited with revenue of ₹3.08 Cr.
Company details
Contact details
Denovo Enterprises Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor Unit No. 21 Navyug Industrial Estate MIDC Cross Road J. B. Nagar Andheri (E, Ast), Mumbai, Maharashtra, India – 400059
- IndustryTravel and Hospitality, Wellness & Healthcare Centers
To see the full contact details of Denovo Enterprises 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 Denovo Enterprises is arts, entertainment and recreation. In detail, this covers sports, amusement and recreation activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R4 | Sports, amusement and recreation activities |
To see the full business activity and turnover split of Denovo Enterprises Private Limited, buy the company report.
Financials of Denovo Enterprises Private Limited
FY 2017 filings availableDenovo Enterprises Private Limited reported revenue of ₹2.9 Cr (down 3% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over three years, including a 3% fall in the latest year. EBITDA fell 38% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹2.9 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹37.71 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.32 Cr | ||
| 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 | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -13% | ||
| Net Profit Margin | -45.5% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| 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 Denovo Enterprises Private Limited, buy the company report.
Board of directors of Denovo Enterprises Private Limited
Denovo Enterprises has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tapas Kumar Dikpati | Director | 08 Dec 2017 | 8 Years 10 Months | As last reported |
| Ajay Pratapray Shanghavi Also directs: Select Global Solutions LLP, Foray Advisors LLP, Responsive Industries Limited and 5 more | Additional Director | 25 Jun 2014 | 12 Years 4 Months | As last reported |
Peer comparison
Denovo Enterprises Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Services industry (Gyms), with the same principal business activity (sports, amusement and recreation activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vitalvertex Fitness Club Private Limited | ₹3.08 Cr (FY 2025) | 194.0% | Jaipur, Rajasthan, India | |||
| Aryanbagga Associates Private Limited | ₹2.94 Cr (FY 2025) | -15.0% | Delhi, India | |||
| Denovo Enterprises Private Limitedthis company | ₹2.9 Cr (FY 2017) | -₹1.32 Cr | -45.5% | -3.0% | Mumbai, Maharashtra, India | |
| Proultimate Gyms Private Limited | ₹2.88 Cr (FY 2025) | 187.0% | Mohali, Punjab, India |
To see the full peer comparison of Denovo Enterprises Private Limited, buy the company report.
Auditor
Denovo Enterprises Private Limited is audited by H Y PANCHA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H Y PANCHA & ASSOCIATES | FY 2017 | 107273W |
Shareholding
The shareholding of Denovo Enterprises Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Denovo Enterprises Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2012 | 10353286 | Axis Bank Limited | ₹1.75 Cr | Open | |
| 23 Apr 2010 | 10222483 | Axis Bank Limited | ₹2.2 Cr | Open | |
| 14 Sep 2006 | 10020437 | Axis Bank Limited | ₹2.05 Cr | Open |
To see the full charge records of Denovo Enterprises Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Denovo Enterprises Private Limited has 1 deal on record (1 acquisition); the latest was in January 2011.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2011 | Acquisition | Undisclosed | Buyer: Talwalkars Better Value Fitness Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Denovo Enterprises Private Limited has 12 court cases on record: 5 filed by Denovo Enterprises, 12 filed against it. 4 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 8 | 8 | 3 |
| District courts | 2 | 2 | 1 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 12)
To see the full case history of Denovo Enterprises 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 Denovo Enterprises Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Denovo Enterprises has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Denovo Enterprises Private Limited, buy the company report.
Recent activity
Denovo Enterprises Private Limited has 11 board changes on record since 2009: 2 appointments and 9 cessations. The latest: Parasba Pruthvirajsinh Jadeja ceased to be Director on 06 May 2018.
6 earlier events are in the company report.
Frequently asked questions
Denovo Enterprises 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.
Denovo Enterprises is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in wellness and healthcare centers, within the travel and hospitality industry. It was incorporated on 08 February 2005 and is registered under CIN U55100MH2005PTC151128. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Denovo Enterprises has 2 current directors:
- Tapas Kumar Dikpati - Director
- Ajay Pratapray Shanghavi - Additional Director
The latest financial statements of Denovo Enterprises on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Denovo Enterprises is U55100MH2005PTC151128. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Denovo Enterprises has open charges of ₹6 Cr and no satisfied charges on record as per latest MCA filings.
Denovo Enterprises has 12 court cases on record: 5 filed by the company and 12 filed against it. 4 are pending. Most are in the nclat.
Denovo Enterprises was incorporated on 08 February 2005. It is registered with the Registrar of Companies, Mumbai.
Denovo Enterprises has 1 deal on record (1 acquisition); the latest was in January 2011.
The peers of Denovo Enterprises by revenue are Vitalvertex Fitness Club Private Limited, Aryanbagga Associates Private Limited, Proultimate Gyms Private Limited, all in the Consumer Services industry (Gyms), with the same principal business activity (sports, amusement and recreation activities).
Parasba Pruthvirajsinh Jadeja ceased to be Director on 06 May 2018. Nitinbhai Ramshibhai Bhatia ceased to be Additional Director on 01 Mar 2018. Tapas Kumar Dikpati was appointed as Director on 08 Dec 2017. Denovo Enterprises has 11 board changes on record in total.