About Druvtech Systems Private Limited
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Druvtech Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2006PTC236535. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹85 Lakh and a paid-up capital of ₹71.47 Lakh. It is led by directors Ravindra Bhaskar Deshmukh and Salil Ravindra Deshmukh.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at M 5 1st Floor Guruprasad Chs Ltd Hanuman Road Vile Parle (East), Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.69 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net loss of ₹21.89 Lakh (net margin -13%) and EBITDA of ₹34.1 Lakh (EBITDA margin 20.2%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
As per MCA filings, the company has open charges of ₹1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website upass.cc.
Company details
CIN history
Druvtech Systems has one previous CIN (Corporate Identification Number): U72900PN2006PTC128333. The current CIN is U72900MH2006PTC236535, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH2006PTC236535 | Current |
| U72900PN2006PTC128333 | Previous |
Contact details
Druvtech Systems Private Limited's registered office is in Mumbai, Maharashtra. Its website is upass.cc. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressM 5 1st Floor Guruprasad Chs Ltd Hanuman Road Vile Parle (East), Mumbai, Maharashtra, India – 400057
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Druvtech Systems 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
Financials of Druvtech Systems Private Limited
FY 2019 filings availableDruvtech Systems Private Limited reported revenue of ₹1.69 Cr (up 19% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 19% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 520% 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 | ₹1.69 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹34.1 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹21.89 Lakh | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 20.2% | ||
| Net Profit Margin | -13% | ||
| 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 Druvtech Systems Private Limited, buy the company report.
Board of directors of Druvtech Systems Private Limited
Druvtech Systems has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindra Bhaskar Deshmukh Also directs: Prismx Global Ventures Limited, Y S Prabhoo and Sons Private Limited, Inventive Nano Stone (India) Private Limited and 5 more | Director | 01 Jan 2009 | 17 Years 10 Months | Current |
| Salil Ravindra Deshmukh Also directs: Tmart Platform Private Limited, Upass Business Process Automation Private Limited, Backup Studio Private Limited and 2 more | Director | 13 Oct 2016 | 10 Years 0 Months | Current |
Auditor
Druvtech Systems Private Limited is audited by JAKHELIA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAKHELIA & ASSOCIATES | FY 2017 | 128099W |
Shareholding
The shareholding of Druvtech Systems Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Druvtech Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2009 | 10152725 | Idbi Bank Limited | ₹1 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Druvtech Systems Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Druvtech Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Druvtech Systems has 3 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 Druvtech Systems Private Limited, buy the company report.
Recent activity
Druvtech Systems Private Limited has 8 board changes on record since 2007: 2 appointments and 6 cessations. The latest: Salil Ravindra Deshmukh ceased to be Additional Director on 30 Sep 2017.
Frequently asked questions
Druvtech Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 April 2006 (20+ years old) and is registered under CIN U72900MH2006PTC236535.
Druvtech Systems has 2 current directors:
- Ravindra Bhaskar Deshmukh - Director
- Salil Ravindra Deshmukh - Director
The latest financial statements of Druvtech Systems on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Druvtech Systems has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Druvtech Systems is U72900MH2006PTC236535. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Druvtech Systems was incorporated on 19 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Salil Ravindra Deshmukh ceased to be Additional Director on 30 Sep 2017. Ashutosh Vithal Samant ceased to be Director on 17 Oct 2016. Sandeep Suresh Pimpale ceased to be Director on 15 Oct 2016. Druvtech Systems has 8 board changes on record in total.
Druvtech Systems can be reached through the website upass.cc. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Druvtech Systems is at M 5 1st Floor Guruprasad Chs Ltd Hanuman Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
Druvtech Systems operates in the information technology industry, in the IT consulting and support services segment.
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