About Head Infotech India Pvt Ltd
Data last updated:
Head Infotech India Pvt Ltd was a private limited company based in New Delhi, Delhi, 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 application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 February 2006.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U72200DL2006PTC323292. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹78.5 Lakh and a paid-up capital of ₹60.12 Lakh. It was led by directors including Deepak Gullapalli (Managing Director) and James Hartery Miller.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 1st Floor Ashi Building 19 – Rouse Avenue Institutional Area, New Delhi, Delhi, India – 110002.
As per the financials filed for FY 2017, the company reported a revenue of ₹271.16 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹99.6 Cr (net margin 36.7%) and EBITDA of ₹150.28 Cr (EBITDA margin 55.4%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years.
The company had about 236 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Head Digital Works. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 5 cases are pending. The company has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.68 Cr; the latest was in June 2013.
The last known website on record is headinfotech.com.
Company details
CIN history
Head Infotech India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200DL2006PTC323292, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200DL2006PTC323292 | Current |
| U72200AP2006PTC049254 | Previous |
| U72200TG2006PTC049254 | Previous |
Contact details
Head Infotech India Pvt Ltd's registered office is in New Delhi, Delhi. Its website is headinfotech.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address1st Floor Ashi Building 19 – Rouse Avenue Institutional Area, New Delhi, Delhi, India – 110002
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Head Infotech India Pvt Ltd, 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
Head Infotech India operates one associated brand: Head Digital Works. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of online skill-based gaming platforms | hdworks.in |
Business activity
The main business activity of Head Infotech India is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Head Infotech India Pvt Ltd, buy the company report.
Financials of Head Infotech India Pvt Ltd
FY 2017 filings availableHead Infotech India Pvt Ltd reported revenue of ₹271.16 Cr (up 61% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 42% over three years, including 61% growth in the latest year. EBITDA rose 61% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹271.16 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹150.28 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹99.6 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 55.4% | ||
| Net Profit Margin | 36.7% | ||
| 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 Head Infotech India Pvt Ltd, buy the company report.
Board of directors of Head Infotech India Pvt Ltd
Head Infotech India has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| James Hartery Miller Also directs: Head Digital Works Private Limited | Director | 28 Apr 2017 | 9 Years 5 Months | As last reported |
| Mohit Kumar Kansal | Director | 28 Apr 2017 | 9 Years 5 Months | As last reported |
| Michael Wagman Adam | Director | 28 Apr 2017 | 9 Years 5 Months | As last reported |
| Gaurav Burman Also directs: Northern Herbal Farms Private Limited, Windy Securities Private Limited, V I C Enterprises Private Ltd. and 5 more | Director | 28 Apr 2017 | 9 Years 5 Months | As last reported |
| Deepak Gullapalli | Managing Director | 23 Feb 2006 | 20 Years 8 Months | As last reported |
Auditor
Head Infotech India Pvt Ltd is audited by Walker Chandiok & Co LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2017 | 001076N/N500013 |
Shareholding
The shareholding of Head Infotech India Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Head Infotech India Pvt Ltd, buy the company report.
Deals & funding
Head Infotech India Pvt Ltd has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.68 Cr; the latest was in June 2013.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Dec 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Z47 (Matrix Partners India) |
| Oct 2011 | Secondary share transfer | Undisclosed | Seller: Z47 (Matrix Partners India) |
| Nov 2010 | Funding round | ₹4 Cr | Investors: Z47 (Matrix Partners India) |
| Nov 2010 | Secondary share transfer | Undisclosed | Buyer: Z47 (Matrix Partners India) Seller: 4 individuals |
To see the full deal history of Head Infotech India Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Head Infotech India Pvt Ltd has 8 court cases on record: 5 filed by Head Infotech India, 3 filed against it. 5 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 3 |
| Supreme Court | 3 | 2 | 2 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by The State of Telangana Through Chief Secretary Secretariat Hyderabad ,Hyderabad , Telangana and 3 others | Pending |
| High Court, TELANGANA | Court case (ITTA) | Filed against the company by PR. Commissioner of Income Tax - 2 | Pending |
| Supreme Court | Court case (1801-Ordinary Civil Matters : T.P. Under Article 139A(1) of the Constitution of India) | Filed against the company by The State of Telangana Through Chief Secretary Secretariat ,Hyderabad , Telangana and 3 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against C.S., State of T.S. & 4 Ors. and 4 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Chief Secy, State of Telangana, Hyderabad & 3 Others and 3 others | Pending |
To see the full case history of Head Infotech India Pvt Ltd, 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 Head Infotech India Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Head Infotech India has 4 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 Head Infotech India Pvt Ltd, buy the company report.
Recent activity
Head Infotech India Pvt Ltd has 18 board changes on record since 2006: 5 appointments and 13 cessations. The latest: Gaurav Burman was appointed as Director on 28 Apr 2017.
9 earlier events are in the company report.
Frequently asked questions
Head Infotech India 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.
Head Infotech India was a private limited company based in New Delhi, Delhi, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 23 February 2006 and is registered under CIN U72200DL2006PTC323292. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Head Infotech India was incorporated on 23 February 2006. It is registered with the Registrar of Companies, Delhi.
Head Infotech India had 5 directors:
- Deepak Gullapalli - Managing Director
- James Hartery Miller - Director
- Mohit Kumar Kansal - Director
- Michael Wagman Adam - Director
- Gaurav Burman - Director
The CIN (Corporate Identification Number) of Head Infotech India is U72200DL2006PTC323292. 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 Head Infotech India is at 1st Floor Ashi Building 19 – Rouse Avenue Institutional Area, New Delhi, Delhi, India – 110002.
Head Infotech India can be reached through the website headinfotech.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Head Infotech India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Head Infotech India has 4 GST registrations on record and all of them are cancelled or inactive.
Head Infotech India operated in the information technology industry, in the application development and software solutions segment.