About HGST Technologies India Private Limited
Data last updated:
HGST Technologies India Private Limited was a private limited company based in Bengaluru, Karnataka, 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 15 February 2011.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2011PTC155712. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹4.43 Cr and a paid-up capital of ₹3.47 Cr. It was formerly known as Stec India Private Limited and Ssd Technology India Private Limited. It was led by directors Subind Kumar and Graham Leslie Holmes.
Its last annual general meeting (AGM) was held on 14 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Sy 15/3 & 16/3 Salarpuria Hallmark 3rd Floor Kadubeesanahalli Varthur Hobli, Bengaluru, Karnataka, India – 560103.
As per the financials filed for FY 2019, the company reported a revenue of ₹5.66 Cr, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹1.47 Cr (net margin -26%) and EBITDA of -₹35.36 Lakh (EBITDA margin -6.2%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 20% over five years.
The company had about 15 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹1.65 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is stec-inc.com.
Company details
Name history
HGST Technologies India has undergone 2 name changes throughout its history. The company was previously known as Stec India Private Limited, and Ssd Technology India Private Limited. The current legal name is Hgst Technologies India Private Limited.
| Company Name | Status |
|---|---|
| HGST Technologies India Private Limited | Current |
| Stec India Private Limited | Previous |
| Ssd Technology India Private Limited | Previous |
CIN history
HGST Technologies India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72900KA2011PTC155712, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900KA2011PTC155712 | Current |
| U72900PN2011PTC143834 | Previous |
| U72900DL2011PTC214100 | Previous |
Contact details
HGST Technologies India Private Limited's registered office is in Bengaluru, Karnataka. Its website is stec-inc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSy 15/3 & 16/3 Salarpuria Hallmark 3rd Floor Kadubeesanahalli Varthur Hobli, Bengaluru, Karnataka, India – 560103
- IndustryInformation Technology, IT Consulting & Support Services, Electronic Components & Equipment Manufacturing
To see the full contact details of HGST Technologies 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
Financials of HGST Technologies India Private Limited
FY 2022 filings availableHGST Technologies India Private Limited reported revenue of ₹5.66 Cr (down 81% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 81% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.66 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹35.36 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.47 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.2% | ||||
| Net Profit Margin | -26% | ||||
| 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 HGST Technologies India Private Limited, buy the company report.
Board of directors of HGST Technologies India Private Limited
HGST Technologies India has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subind Kumar Also directs: Sandisk India Device Design Centre Private Limited | Director | 05 Sep 2022 | 4 Years 1 Months | As last reported |
| Graham Leslie Holmes Also directs: WD Storage Technologies India Private Limited | Director | 31 Mar 2021 | 5 Years 6 Months | As last reported |
Auditor
HGST Technologies India Private Limited is audited by B S R & Associates LLP Chartered Accountants for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Associates LLP Chartered Accountants | FY 2017 | 116231W / |
Shareholding
The shareholding of HGST Technologies India Private Limited 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 HGST Technologies India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2015 | 10576117 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.65 Lakh | Satisfied |
To see the full charge records of HGST Technologies India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
HGST Technologies India Private Limited has 2 court cases on record: 2 filed by HGST Technologies India. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
To see the full case history of HGST Technologies 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 HGST Technologies India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
HGST Technologies India Private Limited has a workforce of 15 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
HGST Technologies India 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 HGST Technologies India Private Limited, buy the company report.
Recent activity
HGST Technologies India Private Limited has 20 board changes on record since 2011: 2 appointments and 18 cessations. The latest: Shambhavi Gouri Shankar ceased to be Director on 03 Nov 2022.
13 earlier events are in the company report.
Frequently asked questions
HGST Technologies 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.
HGST Technologies India was a private limited company based in Bengaluru, Karnataka, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 15 February 2011 and is registered under CIN U72900KA2011PTC155712. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
HGST Technologies India was incorporated on 15 February 2011. It is registered with the Registrar of Companies, Bangalore.
HGST Technologies India had 2 directors:
- Subind Kumar - Director
- Graham Leslie Holmes - Director
The CIN (Corporate Identification Number) of HGST Technologies India is U72900KA2011PTC155712. 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 HGST Technologies India is at Sy 153 & 163 Salarpuria Hallmark 3rd Floor Kadubeesanahalli Varthur Hobli, Bengaluru, Karnataka, India – 560103.
HGST Technologies India can be reached through the website stec-inc.com. Its registered office is in Bengaluru, Karnataka, India.
The latest financial statements of HGST Technologies India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 14 September 2022. Year-wise statements from 2015 are in the company report.
No. HGST Technologies India has 1 GST registration on record and it is cancelled or inactive.
HGST Technologies India operated in the information technology industry, in the IT consulting and support services segment.