About Fiti Tech Innovation Private Limited
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Fiti Tech Innovation Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 18 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74990DL2013PTC248448. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It was formerly known as Fis Infoserve Private Limited. It is led by directors Gurmeet Sahni and Tanbir Singh Sahni.
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 is at Office No. 202/2 Plot No. 2 Dda Commercial Complex S/F Distt. Centre, Janak Puri, New Delhi, Delhi, India – 110058.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.47 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.88 Lakh (net margin 4%) and EBITDA of ₹6.1 Lakh (EBITDA margin 4.1%).
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: FITI Tech Innovation. Court records list 10 cases involving the company, including 1 filed by the company and 9 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website fititech.com.
Company details
Contact details
Fiti Tech Innovation Private Limited's registered office is in New Delhi, Delhi. Its website is fititech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 202/2 Plot No. 2 Dda Commercial Complex S/F Distt. Centre, Janak Puri, New Delhi, Delhi, India – 110058
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Fiti Tech Innovation 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
Fiti Tech Innovation operates one associated brand: FITI Tech Innovation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| API service provider for end-user bill payments. | fititech.com |
Business activity
The main business activity of Fiti Tech Innovation is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Fiti Tech Innovation Private Limited, buy the company report.
Financials of Fiti Tech Innovation Private Limited
FY 2016 filings availableFiti Tech Innovation Private Limited reported revenue of ₹1.47 Cr (up 186% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 186% in the latest year. EBITDA rose 28% 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 | ₹1.47 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹6.1 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹5.88 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 4.1% | |
| Net Profit Margin | 4% | |
| 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 Fiti Tech Innovation Private Limited, buy the company report.
Board of directors of Fiti Tech Innovation Private Limited
Fiti Tech Innovation has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gurmeet Sahni | Director | 18 Feb 2013 | 13 Years 8 Months | Current |
| Tanbir Singh Sahni | Director | 21 Jan 2016 | 10 Years 9 Months | Current |
Peer comparison
Fiti Tech Innovation Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Satyam Bright Private Limited | ₹1.48 Cr (FY 2024) | -23.0% | Rajkot, Gujarat, India | |||
| Cantex Systems Private Limited | ₹1.48 Cr (FY 2025) | -64.0% | Ahmedabad, Gujarat, India | |||
| Heptagon Electronics and Appliances Private Limited | ₹1.47 Cr (FY 2024) | -63.0% | Kumbakonam, Tamil Nadu, India | |||
| Fiti Tech Innovation Private Limitedthis company | ₹1.47 Cr (FY 2016) | ₹5.88 Lakh | 4% | 186.0% | 24 | New Delhi, Delhi, India |
| Rowan Led Lighting Private Limited | ₹1.47 Cr (FY 2018) | -26.0% | Udaipur, Rajasthan, India | |||
| Stash Creations Private Limited | ₹1.47 Cr (FY 2020) | -21.0% | Mumbai, Maharashtra, India | |||
| Voltways Energy Private Limited | ₹1.47 Cr (FY 2025) | 102.0% | Delhi, India |
To see the full peer comparison of Fiti Tech Innovation Private Limited, buy the company report.
Auditor
Fiti Tech Innovation Private Limited is audited by PARMINDERSINGHOBEROI& ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARMINDERSINGHOBEROI& ASSOCIATES | FY 2016 | 011190N |
Shareholding
The shareholding of Fiti Tech Innovation Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Fiti Tech Innovation Private Limited, buy the company report.
Legal cases
Fiti Tech Innovation Private Limited has 10 court cases on record: 1 filed by Fiti Tech Innovation, 9 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 9 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, South West, Delhi | Court case (EX CIVIL) | Filed against the company by an individual | Disposed |
| District court, North, Delhi | Execution petition | Filed against the company by an individual | Disposed |
| District court, West, Delhi | Criminal case | Filed against the company by an individual | Disposed |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by M/S Balaji HR Services | Disposed |
To see the full case history of Fiti Tech Innovation 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fiti Tech Innovation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fiti Tech Innovation Private Limited has a workforce of 24 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Fiti Tech Innovation has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Fiti Tech Innovation Private Limited, buy the company report.
Recent activity
Fiti Tech Innovation Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Tanbir Singh Sahni ceased to be Additional Director on 30 Sep 2016.
Frequently asked questions
Fiti Tech Innovation is an active private limited company based in New Delhi, Delhi, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 18 February 2013 (13+ years old) and is registered under CIN U74990DL2013PTC248448.
Fiti Tech Innovation has 2 current directors:
- Gurmeet Sahni - Director
- Tanbir Singh Sahni - Director
The latest financial statements of Fiti Tech Innovation 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. Fiti Tech Innovation has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Fiti Tech Innovation is U74990DL2013PTC248448. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fiti Tech Innovation has 10 court cases on record: 1 filed by the company and 9 filed against it. 1 is pending.
Fiti Tech Innovation was incorporated on 18 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Fiti Tech Innovation by revenue are Satyam Bright Private Limited, Cantex Systems Private Limited, Heptagon Electronics and Appliances Private Limited, Rowan Led Lighting Private Limited, Stash Creations Private Limited and 1 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Tanbir Singh Sahni ceased to be Additional Director on 30 Sep 2016. Satender Pal Singh ceased to be Director on 02 Feb 2016. Tanbir Singh Sahni was appointed as Director on 21 Jan 2016. Fiti Tech Innovation has 4 board changes on record in total.
Fiti Tech Innovation can be reached through the website fititech.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Fiti Tech Innovation is at Office No. 2022 Plot No. 2 Dda Commercial Complex SF Distt. Centre, Janak Puri, New Delhi, Delhi, India – 110058.
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