About Formel D India Private Limited
Data last updated:
Formel D India Private Limited was a foreign private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Formel D Gmbh. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 15 October 2009.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2009FTC173028. Its GSTIN is 27AABCF4173H1ZO (Maharashtra).
The company had an authorised share capital of ₹35 Lakh and a paid-up capital of ₹30 Lakh. It was led by directors Ramesh Kalpathy Vaidyanathan and Sagar Tanaji Kulkarni.
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 was at Pune, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹25.82 Lakh, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹56.11 Lakh (net margin -217.3%) and EBITDA of -₹56.11 Lakh (EBITDA margin -217.3%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 56% over five years.
The company had about 48 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is formeld.com.
Company details
CIN history
Formel D India has one previous CIN (Corporate Identification Number): U74999MH2009FTC196486. The current CIN is U74999PN2009FTC173028, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999PN2009FTC173028 | Current |
| U74999MH2009FTC196486 | Previous |
Contact details
Formel D India Private Limited's registered office is in Pune, Maharashtra. Its website is formeld.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPrime12 Flatno.2 Firstfloorplotno.H – 1 Sectorno.26 Nigdi – Pradh, Ikaran, Pune, Maharashtra, India – 411044
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Formel D India 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 Formel D India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Formel D India Private Limited, buy the company report.
Financials of Formel D India Private Limited
FY 2022 filings availableFormel D India Private Limited reported revenue of ₹25.82 Lakh (down 84% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 56% over five years, including a 84% fall in the latest year. EBITDA rose 78% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹25.82 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹56.11 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹56.11 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -217.3% | ||||
| Net Profit Margin | -217.3% | ||||
| 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 Formel D India Private Limited, buy the company report.
Board of directors of Formel D India Private Limited
Formel D India has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Kalpathy Vaidyanathan Also directs: Nepean Manufacturing India Private Limited, BTG Advaya Charitable Foundation, Tailored Management India Private Limited and 2 more | Director | 27 Mar 2017 | 9 Years 7 Months | As last reported |
| Sagar Tanaji Kulkarni | Director | 30 Jun 2020 | 6 Years 4 Months | As last reported |
Peer comparison
Formel D India Private Limited is compared with the 3 companies closest to it by revenue in the Outsourcing industry (Consulting Services), with the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| B-Cube Consulting Private Limited | ₹25.85 Lakh (FY 2025) | 26.0% | Hyderabad, Telangana, India | |||
| Novus Consultants Private Limited | ₹25.84 Lakh (FY 2025) | 108.0% | Gurgaon, Haryana, India | |||
| Formel D India Private Limitedthis company | ₹25.82 Lakh (FY 2022) | -₹56.11 Lakh | -217.3% | -84.0% | 48 | Pune, Maharashtra, India |
| Ibda Enterprises Private Limited | ₹25.82 Lakh (FY 2023) | -41.0% | Tiruchirappalli, Tamil Nadu, India |
To see the full peer comparison of Formel D India Private Limited, buy the company report.
Auditor
Formel D India Private Limited is audited by B S R & Co. LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2020 | 101248W/W100022 |
Shareholding
The shareholding of Formel D India Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Formel D India Private Limited, buy the company report.
Legal cases
Formel D India Private Limited has 1 court case on record: 1 filed by Formel D India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Ms. Umw Dongshin Mote Pvt Ltd., and 5 others | Disposed |
To see the full case history of Formel D India 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 Formel D India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Formel D India Private Limited has a workforce of 48 employees on its EPFO records as of Mar 29, 2024, across 2 active EPFO establishments.
GST
Formel D India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF4173H1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Formel D India Private Limited, buy the company report.
Recent activity
Formel D India Private Limited has 10 board changes on record since 2015: 2 appointments and 8 cessations. The latest: Juergen Laakmann ceased to be Director on 17 Sep 2021.
1 earlier event is in the company report.
Frequently asked questions
Formel D India has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Formel D India was a foreign private limited company based in Pune, Maharashtra, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 15 October 2009 and is registered under CIN U74999PN2009FTC173028. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Formel D India was incorporated on 15 October 2009. It is registered with the Registrar of Companies, Pune.
Formel D India had 2 directors:
- Ramesh Kalpathy Vaidyanathan - Director
- Sagar Tanaji Kulkarni - Director
The CIN (Corporate Identification Number) of Formel D India is U74999PN2009FTC173028. 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 Formel D India is at Prime12 Flatno.2 Firstfloorplotno.H – 1 Sectorno.26 Nigdi – Pradh, Ikaran, Pune, Maharashtra, India – 411044.
Formel D India can be reached through the website formeld.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Formel D India 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 2015 are in the company report.
The GSTIN of Formel D India is 27AABCF4173H1ZO, registered in Maharashtra.
Formel D India operated in the business outsourcing industry, in the business and IT consulting segment.
The peers of Formel D India by revenue are B-Cube Consulting Private Limited, Novus Consultants Private Limited, Ibda Enterprises Private Limited, all in the Outsourcing industry (Consulting Services), with the same principal business activity (other professional, scientific and technical activities).
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.
