About Vayam Technologies Limited
Data last updated:
Vayam Technologies Limited is a public limited company based in New Delhi, Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 01 August 2000.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74900DL2000PLC107066. Its GSTIN is 07AAACI8050R1Z3 (Delhi). The company holds 20 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹51.02 Cr and a paid-up capital of ₹50.66 Cr. It was formerly known as I Bilt Technologies Limited and I Amoebae Infosolution Limited. It is led by directors including Ashok Tiwari (Managing Director) and Simranjeet Singh.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Thapar House 124, Janpath – India, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2023, the company reported a revenue of ₹29.72 Cr. For the same year it recorded a net profit of ₹2.48 Cr (net margin 8.3%) and EBITDA of ₹3.47 Cr (EBITDA margin 11.7%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 28% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Vayam Tech. As per MCA filings, the company has open charges of ₹1,043.78 Cr and satisfied charges of ₹213.09 Cr on record. Court records list 152 cases involving the company, including 65 filed by the company and 87 filed against it; 17 cases are pending. The company has 16 deals on record (10 secondary share transfers, 6 funding rounds), with disclosed funding of ₹54.52 Cr; the latest was in March 2019.
The last known website on record is vayamtech.com.
Company details
Name history
Vayam Technologies has undergone 2 name changes throughout its history. The company was previously known as I Bilt Technologies Limited, and I Amoebae Infosolution Limited. The current legal name is Vayam Technologies Limited.
| Company Name | Status |
|---|---|
| Vayam Technologies Limited | Current |
| I Bilt Technologies Limited | Previous |
| I Amoebae Infosolution Limited | Previous |
CIN history
Vayam Technologies has one previous CIN (Corporate Identification Number): U99999DL2000PLC107066. The current CIN is U74900DL2000PLC107066, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900DL2000PLC107066 | Current |
| U99999DL2000PLC107066 | Previous |
Contact details
Vayam Technologies Limited's registered office is in New Delhi, Delhi. Its website is vayamtech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThapar House 124, Janpath – India, New Delhi, Delhi, India – 110001
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Vayam Technologies 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
Brands
Vayam Technologies operates one associated brand: Vayam Tech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Custom software development and IT outsourcing services are offered. | vayamtech.com |
Business activity
The main business activity of Vayam Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Vayam Technologies Limited, buy the company report.
Financials of Vayam Technologies Limited
FY 2024 filings availableVayam Technologies Limited reported revenue of ₹29.72 Cr for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years. EBITDA rose 107% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Revenue | ₹29.72 Cr | ||||
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| EBITDA | ₹3.47 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹2.48 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.7% | ||||
| Net Profit Margin | 8.3% | ||||
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To see the full financial statements and ratios of Vayam Technologies Limited, buy the company report.
Board of directors and KMP of Vayam Technologies Limited
Vayam Technologies Limited currently reports 5 directors and 1 key managerial person. 26 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Simranjeet Singh Also directs: Target Fin-Lease Limited | Director | 20 Sep 2018 | 8 Years 1 Months | As last reported |
| Shankar Kumar Jha | Director | 26 Oct 2018 | 7 Years 11 Months | As last reported |
| Jai Shankar Shukla Also directs: Vayam GMV Intelligent Transportation Private Limited | Cfo | 15 Oct 2020 | 6 Years 0 Months | As last reported |
| Rakhi | Director | 13 Feb 2019 | 7 Years 8 Months | As last reported |
| Tarun Saini Also directs: Mufasa Hospitality Private Limited, Le Mod Casa Private Limited, Globus Eight India Private Limited and 1 more | Director | 19 Sep 2018 | 8 Years 1 Months | As last reported |
| Ashok Tiwari | Managing Director | 01 Aug 2000 | 26 Years 2 Months | As last reported |
Auditor
Vayam Technologies Limited is audited by S P R N & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S P R N & Co. | FY 2023 | 025636N |
Shareholding
The shareholding of Vayam Technologies Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vayam Technologies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2015 | 10608108 | Canara Bank | ₹158.36 Cr | Open | |
| 30 Sep 2015 | 10598941 | Idbi Bank Limited | ₹105.46 Cr | Open | |
| 30 Sep 2015 | 10607122 | Dena Bank | ₹96.79 Cr | Open | |
| 22 Nov 2013 | 10471360 | Corporation Bank | ₹30 Cr | Open | |
| 05 Aug 2011 | 10303450 | Dbs Bank Ltd. | ₹25 Cr | Open |
To see the full charge records of Vayam Technologies Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Vayam Technologies Limited has 16 deals on record (10 secondary share transfers, 6 funding rounds), with disclosed funding of ₹54.52 Cr; the latest was in March 2019.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Endless Services Private Limited , SDT Multi Developers Private Limited |
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: Endless Services Private Limited , an individual Seller: SDT Multi Developers Private Limited, an individual |
| Dec 2017 | Funding round | ₹22.77 Cr | Investors: Canara Bank, IDBI Bank Limited, Dena Bank |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Endless Services Private Limited , Sam Financial Services Private Limited , Canara Bank Seller: Deekey Finex & Travels Private Limited, Silgo Finance Private Limited , 2 individuals |
| Jan 2010 | Secondary share transfer | Undisclosed | Buyer: SDT Multi Developers Private Limited, Silgo Finance Private Limited Seller: an individual |
To see the full deal history of Vayam Technologies Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vayam Technologies Limited has 152 court cases on record: 65 filed by Vayam Technologies, 87 filed against it. 17 cases are pending and 135 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 75 | 53 | 4 |
| High courts | 53 | 14 | 8 |
| Supreme Court | 9 | 5 | 2 |
| NCLAT | 8 | 8 | 3 |
| NCLT | 7 | 7 | 0 |
Cases on record (5 of 152)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Arbitration matter | Filed against the company by Ibm India Private Limited | Pending |
| High Court, JHARKHAND | Writ petition | Filed by the company against Jharkhand Urban Infrastructure Development Company Ltd Through Its Managing Director and 3 others | Pending |
| Supreme Court | Court case (0302-Arbitration Law and Other Alternative Dispute Resolution : SLPs relating to appointment of arbitrator, arising out of applications under Section 8, removal of arbitrator, termination of mandate of arbitrator under Arbitration Act, 1940, and Arbitration and Conciliation Act, 1996.) | Filed against the company by M/S. Kalki Communication Technologies Private Limited Rep. by Its Director Mr. Sunil Vargis Mathew 17/1, 4Th Floor, Outer Ring Road, Kadubeesanahalli , District: Bangalore ,Bangalore , Karnataka | Pending |
| District court, New Delhi, Delhi | Execution petition | Filed against the company by Indian City Properties Ltd and Anr | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against Indian City Properties Limited | Disposed |
To see the full case history of Vayam Technologies 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 Vayam Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vayam Technologies has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Abhisar Impex Private Limited | U51909DL2005PTC141944 |
To see the full group structure of Vayam Technologies Limited, buy the company report.
GST
Vayam Technologies has 20 GST registrations: 6 active and 14 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACI8050R1Z3 | Delhi | Active | 01 Jul 2017 |
| 19AAACI8050R1ZY | West Bengal | Active | 01 Jul 2017 |
| 23AAACI8050R1Z9 | Madhya Pradesh | Active | 01 Jul 2017 |
| 29AAACI8050R1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vayam Technologies Limited, buy the company report.
Recent activity
Vayam Technologies Limited has 27 board changes on record since 2000: 6 appointments and 21 cessations. The latest: Jai Shankar Shukla was appointed as CFO on 15 Oct 2020.
64 earlier events are in the company report.
Frequently asked questions
Vayam Technologies is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Vayam Technologies is a company under insolvency, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 01 August 2000 and is registered under CIN U74900DL2000PLC107066. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vayam Technologies has 6 current directors and KMP:
- Ashok Tiwari - Managing Director
- Simranjeet Singh - Director
- Shankar Kumar Jha - Director
- Rakhi - Director
- Tarun Saini - Director
- Jai Shankar Shukla - Cfo
The latest financial statements of Vayam Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vayam Technologies is U74900DL2000PLC107066. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vayam Technologies has open charges of ₹1,043.78 Cr and satisfied charges of ₹213.09 Cr as per latest MCA filings.
Vayam Technologies has 152 court cases on record: 65 filed by the company and 87 filed against it. 17 are pending. Most are in the district courts.
Vayam Technologies was incorporated on 01 August 2000. It is registered with the Registrar of Companies, Delhi.
Vayam Technologies has 16 deals on record (10 secondary share transfers, 6 funding rounds), with disclosed funding of ₹54.52 Cr; the latest was in March 2019.
Jai Shankar Shukla was appointed as CFO on 15 Oct 2020. Deepak Gupta ceased to be Company Secretary on 29 May 2019. Rakhi was appointed as Director on 13 Feb 2019. Vayam Technologies has 27 board changes on record in total.