About Faustus Technologies Private Limited
Data last updated:
Faustus Technologies Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the electrical equipment manufacturing segment of the electrical equipment sector. It was incorporated on 12 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2016PTC091942. Its GSTIN is 24AACCF8129J1ZK (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹34 Lakh. It is led by directors including Amitkumar Gordhanbhai Patel and Himangee Patva.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2020, the company reported a revenue of ₹76,629, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹5,029 (net margin -6.6%) and EBITDA of -₹1.12 Lakh (EBITDA margin -145.5%). Revenue has declined at a compounded annual rate (CAGR) of 82% over three years.
As per MCA filings, the company has satisfied 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 faustus.in.
Company details
Contact details
Faustus Technologies Private Limited's registered office is in Ahmedabad, Gujarat. Its website is faustus.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14/A Karnawati Apartment B/H Shraddha Petrolpump Judges Bunglows Road Bodakdev Vastrapu, R, Ahmedabad, Gujarat, India – 380015
- IndustryElectrical, Electrical Equipment, General Purpose And Special Purpose Machinery & Equipment, Transport Equipment
To see the full contact details of Faustus 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
Business activity
The main business activity of Faustus Technologies is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
Financials of Faustus Technologies Private Limited
FY 2022 filings availableFaustus Technologies Private Limited reported revenue of ₹76,629 (down 84% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 82% over three years, including a 84% 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹76,629 | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1.12 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹5,029 | |||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -145.5% | |||
| Net Profit Margin | -6.6% | |||
| 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 Faustus Technologies Private Limited, buy the company report.
Board of directors of Faustus Technologies Private Limited
Faustus Technologies has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amitkumar Gordhanbhai Patel Also directs: Tramex Industries Private Limited, Tramex Global Private Limited | Director | 12 May 2016 | 10 Years 5 Months | Current |
| Himangee Patva | Director | 13 Jul 2016 | 10 Years 3 Months | Current |
| Lopa Mihir Patel | Director | 13 Jul 2016 | 10 Years 3 Months | Current |
| Mihir Jayantilal Patel | Director | 13 Sep 2017 | 9 Years 1 Months | Current |
| Satishkumar Virpara | Director | 01 Jun 2021 | 5 Years 5 Months | Current |
Auditor
Faustus Technologies Private Limited is audited by C V CHOKSHI & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C V CHOKSHI & CO. | FY 2017 | 129578W |
Shareholding
The shareholding of Faustus Technologies Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Faustus Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2016 | 100077015 | Others | ₹85 Lakh | Satisfied | |
| 29 Oct 2016 | 100077017 | Others | ₹15 Lakh | Satisfied |
To see the full charge records of Faustus Technologies Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Faustus Technologies 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 Faustus Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Faustus Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCF8129J1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Faustus Technologies Private Limited, buy the company report.
Recent activity
Faustus Technologies Private Limited has 11 board changes on record since 2016: 8 appointments and 3 cessations. The latest: Satishkumar Virpara was appointed as Director on 01 Jun 2021.
6 earlier events are in the company report.
Frequently asked questions
Faustus Technologies is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electrical equipment, within the electrical industry. It was incorporated on 12 May 2016 (10+ years old) and is registered under CIN U74999GJ2016PTC091942.
Faustus Technologies has 5 current directors:
- Amitkumar Gordhanbhai Patel - Director
- Himangee Patva - Director
- Lopa Mihir Patel - Director
- Mihir Jayantilal Patel - Director
- Satishkumar Virpara - Director
The latest financial statements of Faustus Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Faustus Technologies is 24AACCF8129J1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Faustus Technologies is U74999GJ2016PTC091942. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Faustus Technologies was incorporated on 12 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Satishkumar Virpara was appointed as Director on 01 Jun 2021. Miteshkumar Darji Mafatlal ceased to be Director on 01 Aug 2020. Mihir Jayantilal Patel was appointed as Director on 13 Sep 2017. Faustus Technologies has 11 board changes on record in total.
Faustus Technologies can be reached through the website faustus.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Faustus Technologies is at 14A Karnawati Apartment BH Shraddha Petrolpump Judges Bunglows Road Bodakdev Vastrapu, R, Ahmedabad, Gujarat, India – 380015.
Faustus Technologies operates in the electrical industry, in the electrical equipment segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
