About Infinitas Energy Solutions Private Limited
Data last updated:
Infinitas Energy Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Nea Fci Ltd. 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 clean energy solutions segment of the environmental services sector. It was incorporated on 12 November 2010.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45400TN2010PTC078050. Its GSTIN is 33AADCT6388C2ZB (Tamil Nadu). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹39.13 Cr. It was formerly known as Trishe Renewable Energy Solutions Private Limited and Trishe Developers Private Limited. It is led by directors including Narasimhan Ramkhumar (Managing Director) and Poorani Nagarajan.
Its last annual general meeting (AGM) was held on 30 December 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Second Floor Khivraj Complex – 1 No.480 Anna Salai, Chennai, Tamil Nadu, India – 600035.
As per the financials filed for FY 2015, the company reported a revenue of ₹84.34 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹44.46 Cr (net margin -52.7%) and EBITDA of -₹18.48 Cr (EBITDA margin -21.9%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Infinitas Energy. As per MCA filings, the company has open charges of ₹302.61 Cr and satisfied charges of ₹10 Cr on record. Court records list 64 cases involving the company, including 32 filed by the company and 32 filed against it; 8 cases are pending. The company has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹154.22 Cr; the latest was in December 2016.
The last known website on record is infinitasenergy.com.
Company details
Name history
Infinitas Energy Solutions has undergone 2 name changes throughout its history. The company was previously known as Trishe Renewable Energy Solutions Private Limited, and Trishe Developers Private Limited. The current legal name is Infinitas Energy Solutions Private Limited.
| Company Name | Status |
|---|---|
| Infinitas Energy Solutions Private Limited | Current |
| Trishe Renewable Energy Solutions Private Limited | Previous |
| Trishe Developers Private Limited | Previous |
Contact details
Infinitas Energy Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is infinitasenergy.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSecond Floor Khivraj Complex – 1 No.480 Anna Salai, Chennai, Tamil Nadu, India – 600035
- IndustryEnvironment, Clean Energy Solutions
To see the full contact details of Infinitas Energy Solutions 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
Brands
Infinitas Energy Solutions operates one associated brand: Infinitas Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wind farm developer in India, US and UK | infinitasenergy.com |
Business activity
The main business activity of Infinitas Energy Solutions is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Infinitas Energy Solutions Private Limited, buy the company report.
Financials of Infinitas Energy Solutions Private Limited
FY 2016 filings availableInfinitas Energy Solutions Private Limited reported revenue of ₹84.34 Cr (down 12% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 12% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹84.34 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹18.48 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹44.46 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -21.9% |
| Net Profit Margin | -52.7% |
| 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 Infinitas Energy Solutions Private Limited, buy the company report.
Board of directors of Infinitas Energy Solutions Private Limited
Infinitas Energy Solutions has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimhan Ramkhumar | Managing Director | 12 Nov 2010 | 15 Years 11 Months | As last reported |
| Bala C Deshpande Also directs: Megadelta Capital Asset Managers LLP, Megadelta Capital Manager Services LLP, Brainbees Solutions Limited and 4 more | Nominee Director | 11 Aug 2012 | 14 Years 2 Months | As last reported |
| Tarun Sharma Also directs: Adret Retail Private Limited, Qure.Ai Technologies Private Limited, Hearing Solutions Private Limited and 2 more | Nominee Director | 11 Aug 2012 | 14 Years 2 Months | As last reported |
| Poorani Nagarajan Also directs: Trishe Epc Private Limited | Director | 20 Feb 2013 | 13 Years 8 Months | As last reported |
Auditor
Infinitas Energy Solutions Private Limited is audited by SUNDAR & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNDAR & CO | FY 2015 | 004194S |
Shareholding
The shareholding of Infinitas Energy Solutions Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Infinitas Energy Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2013 | 10466461 | Icici Bank Limited | ₹4.75 Cr | Open | |
| 23 Jul 2013 | 10439885 | Indian Bank | ₹40 Cr | Open | |
| 27 Jun 2013 | 10437055 | Punjab National Bank | ₹135 Cr | Open | |
| 16 Apr 2013 | 10425475 | Canara Bank | ₹20 Cr | Open | |
| 01 Feb 2013 | 10407097 | Vijaya Bank | ₹35 Cr | Open |
To see the full charge records of Infinitas Energy Solutions Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Infinitas Energy Solutions Private Limited has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹154.22 Cr; the latest was in December 2016.
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Funding round | ₹25 Lakh | Investors: New Enterprise Associates |
| Feb 2015 | Funding round | ₹3.45 Cr | Investors: New Enterprise Associates |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: New Enterprise Associates, Trishe Employee Welfare Trust, Siddhamalli Investment Consultants Private Limited Seller: Vrone Energy Private Limited |
To see the full deal history of Infinitas Energy Solutions Private 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
Infinitas Energy Solutions Private Limited has 64 court cases on record: 32 filed by Infinitas Energy Solutions, 32 filed against it. 8 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 57 | 28 | 6 |
| NCLT | 3 | 2 | 0 |
| NCLAT | 3 | 1 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 64)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Insolvency matter | Filed by the company against Shree Ganesh Epc Private Limited and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by True Value Homes India Pvt Ltd. | Pending |
| NCLT, Chennai | Court case (MA(IBC)) | Filed against the company by True Value Homes India Pvt Ltd | Disposed |
| District court, Virudhunagar, Tamil Nadu | Civil suit | Filed against the company | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by The State Rep by Its Deputy Supdt of Police, | Pending |
To see the full case history of Infinitas Energy Solutions 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 Infinitas Energy Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Infinitas Energy Solutions has 1 subsidiary company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Shree Ganesh Epc Private Limited | U40108TN1999PTC042736 |
To see the full group structure of Infinitas Energy Solutions Private Limited, buy the company report.
Employees & EPFO
Infinitas Energy Solutions Private Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Infinitas Energy Solutions has 6 GST registrations: 2 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCT6388C2ZB | Tamil Nadu | Active | 15 May 2020 |
| 33AADCT6388C3ZA | Tamil Nadu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Infinitas Energy Solutions Private Limited, buy the company report.
Recent activity
Infinitas Energy Solutions Private Limited has 15 board changes on record since 2010: 4 appointments and 11 cessations. The latest: Bala C Deshpande ceased to be Nominee Director on 19 Jan 2018.
22 earlier events are in the company report.
Frequently asked questions
Infinitas Energy Solutions 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.
Infinitas Energy Solutions is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 12 November 2010 and is registered under CIN U45400TN2010PTC078050. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Infinitas Energy Solutions has 4 current directors:
- Narasimhan Ramkhumar - Managing Director
- Bala C Deshpande - Nominee Director
- Tarun Sharma - Nominee Director
- Poorani Nagarajan - Director
The latest financial statements of Infinitas Energy Solutions on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 December 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Infinitas Energy Solutions is U45400TN2010PTC078050. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Infinitas Energy Solutions has open charges of ₹302.61 Cr and satisfied charges of ₹10 Cr as per latest MCA filings.
Infinitas Energy Solutions has 64 court cases on record: 32 filed by the company and 32 filed against it. 8 are pending. Most are in the district courts.
Infinitas Energy Solutions was incorporated on 12 November 2010. It is registered with the Registrar of Companies, Chennai.
Infinitas Energy Solutions has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹154.22 Cr; the latest was in December 2016.
Bala C Deshpande ceased to be Nominee Director on 19 Jan 2018. Tarun Sharma ceased to be Nominee Director on 19 Jan 2018. Srivathsa Desikan ceased to be Company Secretary on 15 Jun 2016. Infinitas Energy Solutions has 15 board changes on record in total.