About Karvy Comtrade Limited
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Karvy Comtrade Limited is a public limited company based in Hyderabad, Telangana, India, a subsidiary of Karvy Stock Broking Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 20 November 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U51909TG2003PLC042096. Its GSTIN is 36AACCK3403A1ZA (Telangana). The company holds 10 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹96 Lakh. It was formerly known as Karvy Comtrade Private Limited and Karvy Commodities Broking Private Limited. It is led by directors including Comandur Parthasarathy and Rajat Parthasarathy.
Its last annual general meeting (AGM) was held on 26 October 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 46 Avenue 4 Street No.1 Banjara Hills Hyderabad – 34. Banjara Hills Hyderabad – 3, 4., Telangana, India – 500034.
As per the financials filed for FY 2020, the company reported a revenue of ₹20.46 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹92.76 Lakh (net margin -4.5%) and EBITDA of ₹2.2 Cr (EBITDA margin 10.7%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company has about 75 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Karvy Commodities and Karvy. As per MCA filings, the company has open charges of ₹63 Cr and satisfied charges of ₹47 Cr on record. Court records list 159 cases involving the company, including 127 filed by the company and 32 filed against it; 16 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karvycommodities.com.
Company details
Name history
Karvy Comtrade has undergone 2 name changes throughout its history. The company was previously known as Karvy Comtrade Private Limited, and Karvy Commodities Broking Private Limited. The current legal name is Karvy Comtrade Limited.
| Company Name | Status |
|---|---|
| Karvy Comtrade Limited | Current |
| Karvy Comtrade Private Limited | Previous |
| Karvy Commodities Broking Private Limited | Previous |
CIN history
Karvy Comtrade has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51909TG2003PLC042096, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909TG2003PLC042096 | Current |
| U51909AP2003PLC042096 | Previous |
| L51909AP2003PLC042096 | Previous |
Contact details
Karvy Comtrade Limited's registered office is in Hyderabad, Telangana. Its website is karvycommodities.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address46 Avenue 4 Street No.1 Banjara Hills Hyderabad – 34. Banjara Hills Hyderabad – 3, 4., Telangana, India – 500034
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Karvy Comtrade 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
Karvy Comtrade operates two associated brands: Karvy Commodities and Karvy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online gaming, betting, and lottery services in Indonesia. | karvycommodities.com | |
| Financial services and wealth management are provided by Karvy. | karvy.com |
Business activity
The main business activity of Karvy Comtrade is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Karvy Comtrade Limited, buy the company report.
Financials of Karvy Comtrade Limited
FY 2020 filings availableKarvy Comtrade Limited reported revenue of ₹20.46 Cr (down 22% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 22% fall in the latest year. EBITDA fell 74% 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 | ₹20.46 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹92.76 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.7% | ||||
| Net Profit Margin | -4.5% | ||||
| 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 Karvy Comtrade Limited, buy the company report.
Board of directors of Karvy Comtrade Limited
Karvy Comtrade has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Comandur Parthasarathy Also directs: Karvy Investment Advisory Services Limited, Karvy Investor Services Limited, Karvy Consultants Limited and 4 more | Director | 20 Nov 2003 | 22 Years 11 Months | Current |
| Rajat Parthasarathy Also directs: Multidimension Entertainments Private Limited, Compar Estates and Agencies Private Limited, Karvy Broking (Ifsc) Limited and 3 more | Director | 01 Aug 2012 | 14 Years 3 Months | Current |
| Siva Ramakrishna Mulpuri | Director | 20 Nov 2003 | 22 Years 11 Months | Current |
Auditor
Karvy Comtrade Limited is audited by LALITH PRASAD AND CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LALITH PRASAD AND CO | FY 2020 | 008089S |
Shareholding
The shareholding of Karvy Comtrade Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Karvy Comtrade Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Feb 2019 | 100235117 | Others | ₹25 Cr | Open | |
| 26 Jun 2018 | 100190069 | Others | ₹3 Cr | Open | |
| 20 Dec 2017 | 100161478 | Lakshmi Vilas Bank Limited | ₹25 Cr | Open | |
| 19 Dec 2012 | 10397899 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 01 Dec 2014 | 10537418 | Indusind Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Karvy Comtrade Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Karvy Comtrade Limited has 159 court cases on record: 127 filed by Karvy Comtrade, 32 filed against it. 16 cases are pending and 143 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 127 | 13 | 9 |
| High courts | 28 | 16 | 7 |
| NCLT | 3 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 159)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Multi Commodity Exchange of India Limited | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against DBS Bank India Limited and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Multi Commodity Exchange of India Limited | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by DBS Bank India Limited | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by DBS Bank India Limited | Disposed |
To see the full case history of Karvy Comtrade 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 Karvy Comtrade Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karvy Comtrade Limited has a workforce of 75 employees on its EPFO records as of Feb 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 75 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Karvy Comtrade Limited, buy the company report.
GST
Karvy Comtrade has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCK3403A1ZA | Telangana | Active | 01 Jul 2017 |
| 06AACCK3403A1ZD | Haryana | Active | 01 Jul 2017 |
| 21AACCK3403A1ZL | Odisha | Active | 01 Jul 2017 |
| 22AACCK3403A1ZJ | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karvy Comtrade Limited, buy the company report.
Recent activity
Karvy Comtrade Limited has 10 board changes on record since 2003: 3 appointments and 7 cessations. The latest: Sushil Kumar Sinha ceased to be Director on 29 Apr 2021.
12 earlier events are in the company report.
News
Frequently asked questions
Karvy Comtrade is an active public limited company based in Hyderabad, Telangana, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 20 November 2003 (23+ years old) and is registered under CIN U51909TG2003PLC042096.
Karvy Comtrade has 3 current directors:
- Comandur Parthasarathy - Director
- Rajat Parthasarathy - Director
- Siva Ramakrishna Mulpuri - Director
The latest financial statements of Karvy Comtrade on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 26 October 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Karvy Comtrade is 36AACCK3403A1ZA, registered in Telangana. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 06AACCK3403A1ZD (Haryana), 21AACCK3403A1ZL (Odisha), 22AACCK3403A1ZJ (Chhattisgarh).
The CIN (Corporate Identification Number) of Karvy Comtrade is U51909TG2003PLC042096. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Comtrade has 159 court cases on record: 127 filed by the company and 32 filed against it. 16 are pending. Most are in the district courts.
Karvy Comtrade was incorporated on 20 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Hyderabad.
Sushil Kumar Sinha ceased to be Director on 29 Apr 2021. Malay Hazra ceased to be Director on 01 Mar 2021. Souvik Dasgupta ceased to be Ceo(Kmp) on 08 Dec 2020. Karvy Comtrade has 10 board changes on record in total.
Karvy Comtrade can be reached through the website karvycommodities.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Karvy Comtrade is at 46 Avenue 4 Street No.1 Banjara Hills Hyderabad – 34. Banjara Hills Hyderabad – 3, 4., Telangana, India – 500034.
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