About Iworld Business Solutions Private Limited
Data last updated:
Iworld Business Solutions Private Limited is a private 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 electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 02 November 2005.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2005PTC142257. Its GSTIN is 07AABCI4305A1ZB (Delhi). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15 Cr. It is led by directors including Bikram Bhadur and Tript Singh.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 30/1 East Patelnagarnew Delhi New Delhi, Delhi, India.
As per the financials filed for FY 2020, the company reported a revenue of ₹225.98 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹43.58 Lakh (net margin 0.2%) and EBITDA of ₹15.24 Cr (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 6% over five years.
The company has about 57 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹122.62 Cr and satisfied charges of ₹30.74 Cr on record. Court records list 58 cases involving the company, including 27 filed by the company and 31 filed against it; 11 cases are pending.
The last known website on record is iworld.co.in.
Company details
Contact details
Iworld Business Solutions Private Limited's registered office is in New Delhi, Delhi. Its website is iworld.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address30/1 East Patelnagarnew Delhi New Delhi, Delhi, India
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Iworld Business 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
Business activity
The main business activity of Iworld Business Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Iworld Business Solutions Private Limited, buy the company report.
Financials of Iworld Business Solutions Private Limited
FY 2020 filings availableIworld Business Solutions Private Limited reported revenue of ₹225.98 Cr (down 21% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA rose 24% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹225.98 Cr | ||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹15.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹43.58 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.7% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Iworld Business Solutions Private Limited, buy the company report.
Board of directors of Iworld Business Solutions Private Limited
Iworld Business Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bikram Bhadur Also directs: Iworld Premier Assets Private Limited, Eworld Business Solutions Private Limited, Brompton Private Limited and 5 more | Director | 01 Jun 2019 | 7 Years 5 Months | As last reported |
| Tript Singh Also directs: Iworld Retail India Private Limited, Iworld Premier Assets Private Limited, Eworld Business Solutions Private Limited and 5 more | Director | 02 Nov 2005 | 21 Years 0 Months | As last reported |
| Megha Agrawal Also directs: Truenex Absolute Insolvency Resolutions LLP | Irp/Rp/Liquidator | 23 Dec 2024 | 1 Years 10 Months | As last reported |
Auditor
Iworld Business Solutions Private Limited is audited by ANIL MAHAJAN & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL MAHAJAN & ASSOCIATES | FY 2020 | 000381N |
Shareholding
The shareholding of Iworld Business Solutions Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iworld Business Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2020 | 100428912 | Others | ₹10 Cr | Open | |
| 25 Sep 2020 | 100427121 | Others | ₹3.22 Cr | Open | |
| 16 Oct 2018 | 100210456 | Others | ₹40 Cr | Open | |
| 17 Apr 2018 | 100193764 | Dbs Bank Ltd | ₹5 Cr | Open | |
| 30 Dec 2014 | 10551577 | Others | ₹60 Cr | Open |
To see the full charge records of Iworld Business Solutions Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Iworld Business Solutions Private Limited has 58 court cases on record: 27 filed by Iworld Business Solutions, 31 filed against it. 11 cases are pending and 47 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 27 | 5 |
| High courts | 16 | 3 | 4 |
| Supreme Court | 4 | 0 | 2 |
| NCLAT | 4 | 0 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed by the company against Brightstar Telecommunicati Ons India Ltd. | Pending |
| District court, West, Delhi | Cheque dishonour complaint | Filed against the company by Bhadani Financers Pvt Ltd | Pending |
| High Court of Delhi | Court case (CRL.M.C.) | Filed by the company against Brightstar Telecommunications India Limited | Pending |
| High Court of Delhi | Court case (CM(M)) | Filed by the company against SSS Services Pvt Ltd | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Union Bank of India and Anr | Pending |
To see the full case history of Iworld Business 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.
Credit ratings & regulatory alerts
Iworld Business Solutions Private Limited was last rated by Crisil on 03 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 03 Apr 2020 |
To see the full credit ratings and regulatory alerts of Iworld Business Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Iworld Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Iworld Business Solutions Private Limited has a workforce of 57 employees on its EPFO records as of Mar 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 57 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Iworld Business Solutions Private Limited, buy the company report.
GST
Iworld Business Solutions has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCI4305A1ZB | Delhi | Active | 01 Jul 2017 |
| 06AABCI4305A2ZC | Haryana | Active | 07 Sep 2017 |
To see the full GST registrations and return filing status of Iworld Business Solutions Private Limited, buy the company report.
Recent activity
Iworld Business Solutions Private Limited has 6 board changes on record since 2005: 3 appointments and 3 cessations. The latest: Megha Agrawal was appointed as Irp/Rp/Liquidator on 23 Dec 2024.
14 earlier events are in the company report.
Frequently asked questions
Iworld Business Solutions 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.
Iworld Business Solutions is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 02 November 2005 and is registered under CIN U72900DL2005PTC142257. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Iworld Business Solutions has 3 current directors:
- Bikram Bhadur - Director
- Tript Singh - Director
- Megha Agrawal - Irp/Rp/Liquidator
The latest financial statements of Iworld Business Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Iworld Business Solutions is U72900DL2005PTC142257. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iworld Business Solutions has open charges of ₹122.62 Cr and satisfied charges of ₹30.74 Cr as per latest MCA filings.
Iworld Business Solutions has 58 court cases on record: 27 filed by the company and 31 filed against it. 11 are pending. Most are in the district courts.
Iworld Business Solutions was incorporated on 02 November 2005. It is registered with the Registrar of Companies, Delhi.
Megha Agrawal was appointed as Irp/Rp/Liquidator on 23 Dec 2024. Bikram Bhadur ceased to be Director on 13 Dec 2020. Munish Chawla ceased to be Director on 03 Jun 2019. Iworld Business Solutions has 6 board changes on record in total.
Iworld Business Solutions can be reached through the website iworld.co.in. Its registered office is in New Delhi, Delhi, India.
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