Hoysala Technologies India Private Limited
About Hoysala Technologies India Private Limited
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Hoysala Technologies India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 14 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2011PTC061642. Its GSTIN is 29AACCH8107N1Z6 (Karnataka).
The company has an authorised share capital of ₹2.74 Cr and a paid-up capital of ₹2.74 Cr. It is led by directors Shankaranahally Rajegowda Nandeesh and Hassan Channegowda Pushpa.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Sy No.126/1 Site No 3 & 4 Kempaiah Garden Near Bmtc Bus Depot Penya 4th Phase, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.86 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹52.03 Lakh (net margin -18.2%) and EBITDA of ₹62.93 Lakh (EBITDA margin 22%).
As per MCA filings, the company has satisfied charges of ₹4.87 Cr on record. Court records list 12 cases involving the company, including 2 filed by the company and 10 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Hoysala Technologies India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSy No.126/1 Site No 3 & 4 Kempaiah Garden Near Bmtc Bus Depot Penya 4th Phase, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Hoysala 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
Business activity
The main business activity of Hoysala Technologies India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Hoysala Technologies India Private Limited, buy the company report.
Financials of Hoysala Technologies India Private Limited
FY 2017 filings availableHoysala Technologies India Private Limited reported revenue of ₹2.86 Cr (down 51% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 51% in the latest year. EBITDA fell 40% in the latest 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 | ₹2.86 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹62.93 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹52.03 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 22% | ||
| Net Profit Margin | -18.2% | ||
| 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 Hoysala Technologies India Private Limited, buy the company report.
Board of directors of Hoysala Technologies India Private Limited
Hoysala Technologies India 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 |
|---|---|---|---|---|
| Hassan Channegowda Pushpa Also directs: TGS Vertical Transportation Private Limited | Additional Director | 22 Mar 2019 | 7 Years 7 Months | Current |
| Shankaranahally Rajegowda Nandeesh Also directs: Labassa LLP, TGS Vertical Transportation Private Limited, First Circle Biztech Private Limited and 2 more | Director | 14 Dec 2011 | 14 Years 10 Months | Current |
Auditor
Hoysala Technologies India Private Limited is audited by B V C & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B V C & CO | FY 2017 | 008154S |
Shareholding
The shareholding of Hoysala 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 Hoysala Technologies India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Sep 2015 | 10594468 | State Bank of Hyderabad | ₹16 Lakh | Satisfied | |
| 27 Feb 2015 | 10556638 | State Bank of Hyderabad | ₹16 Lakh | Satisfied | |
| 06 Jun 2013 | 10435150 | Others | ₹4.55 Cr | Satisfied |
To see the full charge records of Hoysala Technologies India Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Hoysala Technologies India Private Limited has 12 court cases on record: 2 filed by Hoysala Technologies India, 10 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 10 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Montanari Lifts Components Pvt. Ltd. | Disposed |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Montanari Lifts Components Pvt.Ltd.,Through Nicola Sasso | Disposed |
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against Mamta Metals Corporation | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by M/S Riddhi Siddhi Metals | Disposed |
To see the full case history of Hoysala 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 Hoysala Technologies India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hoysala Technologies India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCH8107N1Z6 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hoysala Technologies India Private Limited, buy the company report.
Recent activity
Hoysala Technologies India Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Hassan Channegowda Pushpa was appointed as Additional Director on 22 Mar 2019.
2 earlier events are in the company report.
Frequently asked questions
Hoysala Technologies India is an active private limited company based in Bangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 14 December 2011 (15+ years old) and is registered under CIN U74999KA2011PTC061642.
Hoysala Technologies India has 2 current directors:
- Hassan Channegowda Pushpa - Additional Director
- Shankaranahally Rajegowda Nandeesh - Director
The latest financial statements of Hoysala Technologies India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Hoysala Technologies India is 29AACCH8107N1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Hoysala Technologies India is U74999KA2011PTC061642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hoysala Technologies India has 12 court cases on record: 2 filed by the company and 10 filed against it. 2 are pending. Most are in the district courts.
Hoysala Technologies India was incorporated on 14 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Hassan Channegowda Pushpa was appointed as Additional Director on 22 Mar 2019. Prabhakara Karigowda ceased to be Additional Director on 03 Aug 2018. Raje Gowda ceased to be Director on 09 Jan 2018. Hoysala Technologies India has 4 board changes on record in total.
The registered office of Hoysala Technologies India is at Sy No.1261 Site No 3 & 4 Kempaiah Garden Near Bmtc Bus Depot Penya 4th Phase, Bangalore, Karnataka, India – 560058.
Hoysala Technologies India operates in the machinery and equipment industry, in the material handling and storage equipment segment.
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