Ing Satcom Limited
About Ing Satcom Limited
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Ing Satcom Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Tripwheels And Drive Private Limited. It operates in the telecom network support segment of the telecommunications sector. It was incorporated on 29 August 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2003PLC042818. Its GSTIN is 24AABCI2164H1ZW (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.65 Cr. It is led by directors including Pankil Jitendrakumar Chokshi and Mahesh Dahyabhai Makwana.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 909 Shitiratna Nr. Panchwati Circle Ellisbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.69 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹14.64 Lakh (net margin -2.6%) and EBITDA of -₹14.41 Lakh (EBITDA margin -2.5%). Revenue has declined at a compounded annual rate (CAGR) of 22% over five years.
Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ing Satcom Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address909 Shitiratna Nr. Panchwati Circle Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryTelecom, Telecom Network Support
To see the full contact details of Ing Satcom 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 Ing Satcom is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Ing Satcom Limited, buy the company report.
Financials of Ing Satcom Limited
FY 2023 filings availableIng Satcom Limited reported revenue of ₹5.69 Cr (up 11% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 11% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 22%. EBITDA fell 770% 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 |
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| EBITDA | -₹14.41 Lakh | ||||
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| Net Profit (PAT) | -₹14.64 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | -2.5% | ||||
| Net Profit Margin | -2.6% | ||||
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To see the full financial statements and ratios of Ing Satcom Limited, buy the company report.
Board of directors of Ing Satcom Limited
Ing Satcom has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankil Jitendrakumar Chokshi | Director | 31 Jan 2019 | 7 Years 9 Months | Current |
| Mahesh Dahyabhai Makwana | Director | 29 May 2021 | 5 Years 5 Months | Current |
| Dineshbhai Keshavlal Chauhan | Additional Director | 08 Jul 2020 | 6 Years 4 Months | Current |
Auditor
Ing Satcom Limited is audited by RAJPARA ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJPARA ASSOCIATES | FY 2018 | 113428W |
Shareholding
The shareholding of Ing Satcom Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ing Satcom Limited, buy the company report.
Legal cases
Ing Satcom Limited has 4 court cases on record: 2 filed by Ing Satcom, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Shrem Investments Pvt. Ltd. 1101 Viraj Tower Junction of Andheri Kurla Road Western Express Highway Andheri East, Mumbai 400069 , , Other and 1 other | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company | Disposed |
| High Court, GUJARAT | Commercial suit | Filed by the company against an individual | Disposed |
To see the full case history of Ing Satcom 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 Ing Satcom Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ing Satcom has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI2164H1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ing Satcom Limited, buy the company report.
Recent activity
Ing Satcom Limited has 14 board changes on record since 2008: 3 appointments and 11 cessations. The latest: Mahesh Dahyabhai Makwana ceased to be Additional Director on 30 Nov 2021.
5 earlier events are in the company report.
Frequently asked questions
Ing Satcom is an active public limited company based in Ahmedabad, Gujarat, India. The company works in telecom network support, within the telecom industry. It was incorporated on 29 August 2003 (23+ years old) and is registered under CIN U72900GJ2003PLC042818.
Ing Satcom has 3 current directors:
- Pankil Jitendrakumar Chokshi - Director
- Mahesh Dahyabhai Makwana - Director
- Dineshbhai Keshavlal Chauhan - Additional Director
The latest financial statements of Ing Satcom on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ing Satcom is 24AABCI2164H1ZW, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ing Satcom is U72900GJ2003PLC042818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ing Satcom has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Ing Satcom was incorporated on 29 August 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mahesh Dahyabhai Makwana ceased to be Additional Director on 30 Nov 2021. Mahesh Dahyabhai Makwana was appointed as Director on 29 May 2021. Dineshbhai Keshavlal Chauhan was appointed as Additional Director on 08 Jul 2020. Ing Satcom has 14 board changes on record in total.
The registered office of Ing Satcom is at 909 Shitiratna Nr. Panchwati Circle Ellisbridge, Ahmedabad, Gujarat, India – 380006.
Ing Satcom operates in the telecom industry, in the telecom network support segment.
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