About Elitecore Technologies Private Limited
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Elitecore Technologies Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT infrastructure management and services segment of the technology and IT services sector. It was incorporated on 17 December 1999.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ1999PTC037038. The company has 6 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹10.55 Cr and a paid-up capital of ₹10.23 Cr. It was led by directors including Jain Nikhil Anilkumar (Managing Director) and Anand Gopaldas Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at 904 Silicon Tower Off C G Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2015, the company reported a revenue of ₹151.34 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹9.6 Cr (net margin 6.3%) and EBITDA of ₹15.65 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years.
The company was associated with 1 brand: Elite Core. As per MCA filings, the company had satisfied charges of ₹3.51 Cr on record. Court records list 14 cases involving the company, including 11 filed by the company and 3 filed against it; 1 case is pending. The company has 5 deals on record (3 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹42.24 Cr; the latest was in September 2015.
The last known website on record is elitecore.com.
Company details
CIN history
Elitecore Technologies has one previous CIN (Corporate Identification Number): U72900GJ1999PLC037038. The current CIN is U72900GJ1999PTC037038, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900GJ1999PTC037038 | Current |
| U72900GJ1999PLC037038 | Previous |
Contact details
Elitecore Technologies Private Limited's registered office is in Ahmedabad, Gujarat. Its website is elitecore.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address904 Silicon Tower Off C G Road, Ahmedabad, Gujarat, India – 380009
- IndustryInformation Technology, IT Infrastructure Management & Services
To see the full contact details of Elitecore 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
Brands
Elitecore Technologies operates one associated brand: Elite Core. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Suite solutions for OSS and BSS are provided by Elitecore. | elitecore.com |
Financials of Elitecore Technologies Private Limited
FY 2015 filings availableElitecore Technologies Private Limited reported revenue of ₹151.34 Cr (up 14% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 44% over three years, including 14% growth in the latest year. EBITDA rose 26% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹151.34 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹15.65 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹9.6 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 10.3% |
| Net Profit Margin | 6.3% |
| 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 Elitecore Technologies Private Limited, buy the company report.
Board of directors of Elitecore Technologies Private Limited
Elitecore Technologies has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jain Nikhil Anilkumar | Managing Director | 01 Nov 2007 | 19 Years 0 Months | As last reported |
| Anand Gopaldas Agarwal | Additional Director | 29 Sep 2015 | 11 Years 1 Months | As last reported |
| Pravin Agarwal Also directs: Sterlite Technologies Limited, STL Networks Limited, Sterlite Electric Limited and 3 more | Additional Director | 29 Sep 2015 | 11 Years 1 Months | As last reported |
Auditor
Elitecore Technologies Private Limited is audited by Deloitte Haskins & Sells for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2015 |
Shareholding
The shareholding of Elitecore Technologies Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Elitecore Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2013 | 10437110 | Indian Overseas Bank | ₹3.13 Cr | Satisfied | |
| 30 Jul 2003 | 90105906 | Indian Overseas Bank | ₹38 Lakh | Satisfied |
To see the full charge records of Elitecore Technologies Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Elitecore Technologies Private Limited has 5 deals on record (3 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹42.24 Cr; the latest was in September 2015.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2015 | Acquisition | ₹187.36 Cr | Buyer: Sterlite Technologies Limited Seller: The Carlyle Group, 3 individuals |
| Sep 2009 | Secondary share transfer | Undisclosed | Seller: The Carlyle Group, 3 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Jun 2007 | Funding round · Series A | ₹42.24 Cr | Investors: The Carlyle Group, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Elitecore Technologies Private Limited has 14 court cases on record: 11 filed by Elitecore Technologies, 3 filed against it. 1 case is pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 3 | 1 |
| District courts | 4 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed by the company against Chandra Net Pvt. Ltd. | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed by the company against Deputy Commissioner of Income-Tax Circle2( | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against O-Zone Network Pvt Ltd | Disposed |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by Principal Commissioner of Income Tax-2 | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against O-Zone Network Pvt Ltd | Disposed |
To see the full case history of Elitecore 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.
Credit ratings & regulatory alerts
Elitecore Technologies Private Limited was last rated by Icra on 30 Sep 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Sep 2015 |
To see the full credit ratings and regulatory alerts of Elitecore Technologies Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Elitecore Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Elitecore Technologies has 6 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 Elitecore Technologies Private Limited, buy the company report.
Recent activity
Elitecore Technologies Private Limited has 12 board changes on record since 2007: 3 appointments and 9 cessations. The latest: Anand Gopaldas Agarwal was appointed as Additional Director on 29 Sep 2015.
8 earlier events are in the company report.
News
Frequently asked questions
Elitecore Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Elitecore Technologies was a private limited company based in Ahmedabad, Gujarat, India. The company worked in IT infrastructure management and services, within the information technology industry. It was incorporated on 17 December 1999 and is registered under CIN U72900GJ1999PTC037038. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Elitecore Technologies was incorporated on 17 December 1999. It is registered with the Registrar of Companies, Ahmedabad.
Elitecore Technologies had 3 directors:
- Jain Nikhil Anilkumar - Managing Director
- Anand Gopaldas Agarwal - Additional Director
- Pravin Agarwal - Additional Director
The CIN (Corporate Identification Number) of Elitecore Technologies is U72900GJ1999PTC037038. 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 Elitecore Technologies is at 904 Silicon Tower Off C G Road, Ahmedabad, Gujarat, India – 380009.
Elitecore Technologies can be reached through the website elitecore.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Elitecore Technologies on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. Elitecore Technologies has 6 GST registrations on record and all of them are cancelled or inactive.
Elitecore Technologies operated in the information technology industry, in the IT infrastructure management and services segment.
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