Dry Cool Innovations (India) Private Limited

Dry Cool Innovations (India) Private Limited - transport and logistics in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U29299KA2002PTC030259 Incorporated 20 March 2002 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company transport and logistics MSME · Micro
Data last updated
Revenue · FY 2021
₹8.17 Lakh
▼ 47% YoY
Net loss · FY 2021
₹19.34 Lakh
Net margin -236.8%
EBITDA · FY 2021
-₹19.16 Lakh
EBITDA margin -234.6%
Authorised capital
₹45 Lakh
Registered with MCA
Paid-up capital
₹38.8 Lakh
Issued & subscribed
Satisfied charges
₹1.51 Cr
No open charges
Company age
24 yrs
Est. 2002
Directors on board
4
As per MCA filings

About Dry Cool Innovations (India) Private Limited

Data last updated:

Dry Cool Innovations (India) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the cold storage and warehousing services segment of the transport and logistics sector. It was incorporated on 20 March 2002 and has been in existence for over 24 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29299KA2002PTC030259. Its GSTIN is 29AABCD5221E1Z1 (Karnataka).

The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹38.8 Lakh. It is led by directors including Nagesh Rao Manoji Rao Vanse and Umesha Poojary.

Its last annual general meeting (AGM) was held on 22 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at No. 1 & 2 K No 224/P Kalkere Main Road Horamavu, Bangalore, Karnataka, India – 560043.

As per the financials filed for FY 2021, the company reported a revenue of ₹8.17 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹19.34 Lakh (net margin -236.8%) and EBITDA of -₹19.16 Lakh (EBITDA margin -234.6%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 32% over five years.

As per MCA filings, the company has satisfied charges of ₹1.51 Cr on record. Court records list 4 cases involving the company, including 4 filed against it.

Dry Cool Innovations (India) Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0057289). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U29299KA2002PTC030259
Registration Number 030259
Incorporation Date 20 March 2002
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 September 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0057289
Key People
Nagesh Rao Manoji Rao Vanse Director Umesha Poojary Director Yajnesh Director

Recognitions & Rankings of Dry Cool Innovations (India)

MSME (Udyam registered) Ministry of MSME
Category
Micro (2022-23)
Udyam number
UDYAM-KR-03-0057289

Contact details

Dry Cool Innovations (India) Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.

  • Email
  • Registered Address
    No. 1 & 2 K No 224/P Kalkere Main Road Horamavu, Bangalore, Karnataka, India – 560043
  • Industry
    Transport and Logistics, Cold Storage & Warehousing Services

To see the full contact details of Dry Cool Innovations (India) Private Limited, buy the company report.

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Dry Cool Innovations (India) Private Limited - one report that includes everything
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  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Financials of Dry Cool Innovations (India) Private Limited

FY 2021 filings available

Dry Cool Innovations (India) Private Limited reported revenue of ₹8.17 Lakh (down 47% YoY) for FY 2021.

Revenue · FY 2021
₹8.17 Lakh ▼ 47%
Net loss · FY 2021
₹19.34 Lakh margin -236.8%
EBITDA · FY 2021
-₹19.16 Lakh margin -234.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 47%
3 years · compounded
▼ 59%
5 years · compounded
▼ 32%
EBITDA CAGR growth
3 years · compounded
▼ 52%
5 years · compounded
▼ 49%

Revenue has declined at a compounded annual rate (CAGR) of 32% over five years, including a 47% fall 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

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹8.17 Lakh
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹19.16 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹19.34 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

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profitability
EBITDA Margin-234.6%
Net Profit Margin-236.8%
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 Dry Cool Innovations (India) Private Limited, buy the company report.

Board of directors of Dry Cool Innovations (India) Private Limited

Dry Cool Innovations (India) has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Nagesh Rao Manoji Rao Vanse
Also directs: MNG Health Products Private Limited, Manju and Nagesh Business Trade Private Limited, Molakalmuru Textile Park Association and 3 more
Director07 Mar 20224 Years 8 MonthsCurrent
Umesha Poojary
Also directs: Mechelek Mep Projects Private Limited, Udupi Srikrishna Ayurveda Association
Director07 Mar 20224 Years 8 MonthsCurrent
Yajnesh
Also directs: Mechelek Mep Projects Private Limited, Sri Kadri Ventures LLP
Director07 Mar 20224 Years 8 MonthsCurrent
Kondlahalli Channabasappa Manjunatha
Also directs: MNG Health Products Private Limited, Manju and Nagesh Business Trade Private Limited, Molakalmuru Textile Park Association
Director07 Mar 20224 Years 8 MonthsCurrent
View all directors

Auditor

Dry Cool Innovations (India) Private Limited is audited by A N KAPALI & CO for the financial year 2021.

Auditor firmFinancial yearFirm registration number
A N KAPALI & COFY 2021001741S

Shareholding

The shareholding of Dry Cool Innovations (India) Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2020FY 2017FY 2016FY 2015
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Dry Cool Innovations (India) Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹1.51 Cr
Breakdown by lending institutions
Canara Bank₹1.51 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Oct 200810162345Canara Bank₹8 LakhSatisfied
01 Jul 200480007342Canara Bank₹1.43 CrSatisfied

To see the full charge records of Dry Cool Innovations (India) Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Dry Cool Innovations (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Dry Cool Innovations (India) has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AABCD5221E1Z1KarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Dry Cool Innovations (India) Private Limited, buy the company report.

Recent activity

Dry Cool Innovations (India) Private Limited has 9 board changes on record since 2013: 4 appointments and 5 cessations. The latest: Loganathan Shanker ceased to be Managing Director on 09 Mar 2022.

Ceased
Loganathan Shanker ceased to be Managing Director.
Ceased
Usha Shanker ceased to be Director.
Appointed
Kondlahalli Channabasappa Manjunatha was appointed as Director.
Appointed
Nagesh Rao Manoji Rao Vanse was appointed as Director.
Appointed
Umesha Poojary was appointed as Director.
Appointed
Yajnesh was appointed as Director.
AGM
Dry Cool Innovations (India) Private Limited last Annual general meeting of members was held on 22 Sep 2021 as per latest MCA records.
Filing
Dry Cool Innovations (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Bangalore.
Ceased
Gopal Babu ceased to be Director.
Ceased
Abhishek Sendhil ceased to be Director.
Ceased
Kattadyil Thomas Saju ceased to be Managing Director.
Charges
A charge registered on 31 Oct 2008 via Charge ID 10162345 with Canara Bank was fully satisfied on 04 Mar 2013.

5 earlier events are in the company report.

Frequently asked questions

Dry Cool Innovations (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in cold storage and warehousing services, within the transport and logistics industry. It was incorporated on 20 March 2002 (24+ years old) and is registered under CIN U29299KA2002PTC030259.

Dry Cool Innovations (India) has 4 current directors:

The latest financial statements of Dry Cool Innovations (India) on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 22 September 2021. Year-wise statements from 2015 are in the company report.

The GSTIN of Dry Cool Innovations (India) is 29AABCD5221E1Z1, registered in Karnataka.

The CIN (Corporate Identification Number) of Dry Cool Innovations (India) is U29299KA2002PTC030259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Dry Cool Innovations (India) has 4 court cases on record: 4 filed against it.

Dry Cool Innovations (India) was incorporated on 20 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.

Loganathan Shanker ceased to be Managing Director on 09 Mar 2022. Usha Shanker ceased to be Director on 09 Mar 2022. Kondlahalli Channabasappa Manjunatha was appointed as Director on 07 Mar 2022. Dry Cool Innovations (India) has 9 board changes on record in total.

Yes, Dry Cool Innovations (India) is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0057289).

The registered office of Dry Cool Innovations (India) is at No. 1 & 2 K No 224P Kalkere Main Road Horamavu, Bangalore, Karnataka, India – 560043.