Genovo Development Services Limited
About Genovo Development Services Limited
Data last updated:
Genovo Development Services Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Medreich Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 23 April 2008.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24230KA2008PLC046164. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.85 Cr and a paid-up capital of ₹1.83 Cr. It is led by directors including Ashish Gogia and Pankaj Garg.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No.36 Bommasandra Industrial Area Anekal Taluk, Bangalore, Karnataka, India – 560099.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹8 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
Company details
Contact details
Genovo Development Services Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No.36 Bommasandra Industrial Area Anekal Taluk, Bangalore, Karnataka, India – 560099
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Genovo Development Services 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 Genovo Development Services is professional, scientific and technical. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
To see the full business activity and turnover split of Genovo Development Services Limited, buy the company report.
Financials of Genovo Development Services Limited
FY 2022 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Genovo Development Services Limited, buy the company report.
Board of directors of Genovo Development Services Limited
Genovo Development Services has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Gogia | Director | 17 Jun 2016 | 10 Years 4 Months | As last reported |
| Pankaj Garg | Director | 03 May 2012 | 14 Years 6 Months | As last reported |
| Venkatesh Yandapalli Also directs: Medreich Life Care Limited, Farm Exotica Private Limited | Director | 10 Jul 2019 | 7 Years 4 Months | As last reported |
Shareholding
The shareholding of Genovo Development Services 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 Genovo Development Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jan 2009 | 10138324 | State Bank of Hyderabad | ₹8 Cr | Satisfied |
To see the full charge records of Genovo Development Services Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Genovo Development Services Limited has 3 court cases on record: 2 filed by Genovo Development Services, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (APPL) | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against an individual | Disposed |
To see the full case history of Genovo Development Services 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 Genovo Development Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Genovo Development Services Limited has a workforce of 9 employees on its EPFO records as of Feb 2017, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2016-17 | 9 |
GST
Genovo Development Services 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 Genovo Development Services Limited, buy the company report.
Recent activity
Genovo Development Services Limited has 13 board changes on record since 2008: 3 appointments and 10 cessations. The latest: Venkatesh Yandapalli ceased to be Additional Director on 25 Sep 2019.
6 earlier events are in the company report.
Frequently asked questions
Genovo Development Services is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Genovo Development Services is a company under liquidation, formerly operating as a public limited company based in Bangalore, Karnataka, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 23 April 2008 and is registered under CIN U24230KA2008PLC046164. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Genovo Development Services has 3 current directors:
- Ashish Gogia - Director
- Pankaj Garg - Director
- Venkatesh Yandapalli - Director
The latest financial statements of Genovo Development Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Genovo Development Services is U24230KA2008PLC046164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Genovo Development Services has no open charges and satisfied charges of ₹8 Cr as per latest MCA filings.
Genovo Development Services has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Genovo Development Services was incorporated on 23 April 2008. It is registered with the Registrar of Companies, Bangalore.
Venkatesh Yandapalli ceased to be Additional Director on 25 Sep 2019. Makoto Shigemitsu ceased to be Additional Director on 10 Jul 2019. Venkatesh Yandapalli was appointed as Director on 10 Jul 2019. Genovo Development Services has 13 board changes on record in total.
The registered office of Genovo Development Services is at Plot No.36 Bommasandra Industrial Area Anekal Taluk, Bangalore, Karnataka, India – 560099.
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