About Destimoney Enterprises Limited
Data last updated:
Destimoney Enterprises Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Quality Investment Holdings. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the financial product distributors segment of the financial services sector. It was incorporated on 05 September 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2005PLC155887. The company has 10 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹151.51 Cr and a paid-up capital of ₹147.3 Cr. It was formerly known as Destimoney Enterprises Private Limited and Dawnay Day Av India Advisors Private Limited. It was led by directors including Devinjit Singh and Javeri Chapshi Gangar.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Shop No. 5 Gr. Floor Sahjeevan Chs N.M.Joshi Marg Elphinstone Road (West), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2016, the company reported a revenue of ₹14 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹5.91 Cr (net margin 42.2%) and EBITDA of ₹5.98 Cr (EBITDA margin 42.7%).
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹6 Cr on record. Court records list 10 cases involving the company, including 3 filed by the company and 7 filed against it; 1 case is pending. The company has 16 deals on record (8 funding rounds, 5 secondary share transfers, 2 acquisitions), with disclosed funding of ₹732.93 Cr; the latest was in February 2015.
The last known website on record is destimoneyadvisors.com.
Company details
Name history
Destimoney Enterprises has undergone 2 name changes throughout its history. The company was previously known as Destimoney Enterprises Private Limited, and Dawnay Day Av India Advisors Private Limited. The current legal name is Destimoney Enterprises Limited.
| Company Name | Status |
|---|---|
| Destimoney Enterprises Limited | Current |
| Destimoney Enterprises Private Limited | Previous |
| Dawnay Day Av India Advisors Private Limited | Previous |
CIN history
Destimoney Enterprises has one previous CIN (Corporate Identification Number): U70100MH2005PTC155887. The current CIN is U70100MH2005PLC155887, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH2005PLC155887 | Current |
| U70100MH2005PTC155887 | Previous |
Contact details
Destimoney Enterprises Limited's registered office is in Mumbai, Maharashtra. Its website is destimoneyadvisors.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressShop No. 5 Gr. Floor Sahjeevan Chs N.M.Joshi Marg Elphinstone Road (West), Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of Destimoney Enterprises 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 Destimoney Enterprises is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Destimoney Enterprises Limited, buy the company report.
Financials of Destimoney Enterprises Limited
FY 2016 filings availableDestimoney Enterprises Limited reported revenue of ₹14 Cr (down 7% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year. EBITDA rose 112% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| 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 | ₹5.98 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹5.91 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 | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 42.7% | |
| Net Profit Margin | 42.2% | |
| 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 Destimoney Enterprises Limited, buy the company report.
Board of directors and KMP of Destimoney Enterprises Limited
Destimoney Enterprises Limited currently reports 6 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devinjit Singh Also directs: Xponentia Capital Partners LLP, Xponentia Fund Partners LLP, Xponentia Fund Partners II LLP and 4 more | Director | 12 Feb 2015 | 11 Years 8 Months | As last reported |
| Javeri Chapshi Gangar | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
| Norma Rose Kuntz | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
| Wayne James William Bannon | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
| Manoj Kumar Dengla | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
| Tikesh Dhirajlal Dedhia | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
Auditor
Destimoney Enterprises Limited is audited by Haribhakti & Co. LLP for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Haribhakti & Co. LLP | FY 2015 |
Shareholding
The shareholding of Destimoney Enterprises Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Destimoney Enterprises Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2007 | 10053435 | The Hongkong & Shanghai Banking Corporation | ₹6 Cr | Satisfied |
To see the full charge records of Destimoney Enterprises Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Destimoney Enterprises Limited has 16 deals on record (8 funding rounds, 5 secondary share transfers, 2 acquisitions), with disclosed funding of ₹732.93 Cr; the latest was in February 2015.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2015 | Funding round | ₹279.12 Cr | Investors: The Carlyle Group |
| Feb 2015 | Acquisition | ₹1,930.35 Cr | Buyer: The Carlyle Group Seller: New Silk Route Advisors |
| Jan 2015 | Secondary share transfer | Undisclosed | Seller: New Day India Trust |
| Sep 2014 | Rights issue | ₹196.2 Cr | Investors: New Silk Route Advisors |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: DD International Mauritius Limited, Dawnay Day AV India Advisors Employee Trust, an individual Seller: Starlight Investments Limited, Destimoney India Services Private Limited |
To see the full deal history of Destimoney Enterprises 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
Destimoney Enterprises Limited has 10 court cases on record: 3 filed by Destimoney Enterprises, 7 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 7 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Gauhati High Court | Court case (Crl.Pet.) | Filed by the company against Bajaj Allianz Life Insurance Company Limited and 1 other | Pending |
| High Court of Delhi | Court case (CO.PET.) | Filed against the company by M/S Carat Properties Pvt Ltd | Disposed |
| Bombay High Court | Court case (OLR) | Filed against the company by Official Liquidator | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Incoem Tax, Tds-I, Mumbai | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Income Tax,Tds -1 | Disposed |
To see the full case history of Destimoney Enterprises 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 Destimoney Enterprises Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Destimoney Enterprises Limited has a workforce of 2 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Destimoney Enterprises has 10 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 Destimoney Enterprises Limited, buy the company report.
Recent activity
Destimoney Enterprises Limited has 24 board changes on record since 2008: 7 appointments and 17 cessations. The latest: Seema Mahesh Phadnis ceased to be Additional Director on 04 Jan 2016.
17 earlier events are in the company report.
Frequently asked questions
Destimoney Enterprises has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Destimoney Enterprises was a public limited company based in Mumbai, Maharashtra, India. The company worked in financial product distributors, within the financial services industry. It was incorporated on 05 September 2005 and is registered under CIN U70100MH2005PLC155887. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Destimoney Enterprises was incorporated on 05 September 2005. It is registered with the Registrar of Companies, Mumbai.
Destimoney Enterprises had 7 directors and KMP:
- Devinjit Singh - Director
- Javeri Chapshi Gangar - Director
- Norma Rose Kuntz - Director
- Wayne James William Bannon - Director
- Manoj Kumar Dengla - Director
- Tikesh Dhirajlal Dedhia - Director
- Seema Mahesh Phadnis - Company Secretary
The CIN (Corporate Identification Number) of Destimoney Enterprises is U70100MH2005PLC155887. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Destimoney Enterprises is at Shop No. 5 Gr. Floor Sahjeevan Chs N.M.Joshi Marg Elphinstone Road West, Mumbai, Maharashtra, India – 400013.
Destimoney Enterprises can be reached through the website destimoneyadvisors.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Destimoney Enterprises on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Destimoney Enterprises has 10 GST registrations on record and all of them are cancelled or inactive.
Destimoney Enterprises operated in the financial services industry, in the financial product distributors segment.
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