About Kwench Global Technologies Private Limited
Data last updated:
Kwench Global Technologies Private Limited was a private limited company based in Thane, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 02 April 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2008PTC180736. Its GSTIN is 27AADCK3390D1ZO (Maharashtra). The company held 4 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹40 Lakh and a paid-up capital of ₹35.22 Lakh. It was formerly known as Kwench Library Solutions Private Limited. It was led by directors including Ty Darren Brown and David Allan Petersen.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 401 4th Floor Wing B Pinak Galaxy Kapurbawadi Junction Majiwada Thane (W, Est), Maharashtra, India – 400607.
As per the financials filed for FY 2019, the company reported a revenue of ₹55.25 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹9.41 Cr (net margin 17%) and EBITDA of ₹12.66 Cr (EBITDA margin 22.9%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 37% over five years.
The company was associated with 1 brand: Kwench. As per MCA filings, the company had satisfied charges of ₹1 Cr on record. The company has 13 deals on record (6 funding rounds, 6 secondary share transfers, 1 acquisition), with disclosed funding of ₹4.54 Cr; the latest was in April 2019.
The last known website on record is kwench.com.
Company details
Contact details
Kwench Global Technologies Private Limited's registered office is in Thane, Maharashtra. Its website is kwench.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address401 4th Floor Wing B Pinak Galaxy Kapurbawadi Junction Majiwada Thane (W, Est), Maharashtra, India – 400607
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Kwench Global Technologies 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
Kwench Global Technologies operates one associated brand: Kwench. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Employee recognition and engagement are enabled through Kwench platform. | kwench.com |
Business activity
The main business activities of Kwench Global Technologies are arts, entertainment and recreation and support service to organizations. In detail, this covers library, archives, museums and other cultural activities. and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R2 | Library, archives, museums and other cultural activities. | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Kwench Global Technologies Private Limited, buy the company report.
Financials of Kwench Global Technologies Private Limited
FY 2019 filings availableKwench Global Technologies Private Limited reported revenue of ₹55.25 Cr (up 34% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 34% growth in the latest year. EBITDA rose 611% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Total Revenue | ₹55.25 Cr | ||||
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| EBITDA | ₹12.66 Cr | ||||
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| Net Profit (PAT) | ₹9.41 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | 22.9% | ||||
| Net Profit Margin | 17% | ||||
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To see the full financial statements and ratios of Kwench Global Technologies Private Limited, buy the company report.
Board of directors of Kwench Global Technologies Private Limited
Kwench Global Technologies has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ty Darren Brown | Director | 10 Apr 2019 | 7 Years 6 Months | As last reported |
| David Allan Petersen | Director | 10 Apr 2019 | 7 Years 6 Months | As last reported |
| Scott David Sperry Also directs: O.C.Tanner India Private Limited | Director | 10 Apr 2019 | 7 Years 6 Months | As last reported |
| Zubin Sheri Zack | Director | 10 Apr 2019 | 7 Years 6 Months | As last reported |
| Scott Nielsen Archibald Also directs: O.C.Tanner India Private Limited | Director | 10 Apr 2019 | 7 Years 6 Months | As last reported |
Auditor
Kwench Global Technologies Private Limited is audited by T M G & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T M G & ASSOCIATES | FY 2019 | 111635W |
Shareholding
The shareholding of Kwench Global Technologies Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Kwench Global Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2010 | 10252031 | Small Industries and Development Bank of India | ₹1 Cr | Satisfied |
To see the full charge records of Kwench Global Technologies Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Kwench Global Technologies Private Limited has 13 deals on record (6 funding rounds, 6 secondary share transfers, 1 acquisition), with disclosed funding of ₹4.54 Cr; the latest was in April 2019.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Acquisition | Undisclosed | Buyer: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: H. P. Gupta & Son Advisory Private Limited , 3 individuals Seller: Sanron Management Services Private Limited , Others Kwench Global Technologies Private Limited, an individual |
| Mar 2011 | Funding round | ₹60 Lakh | Investors: Sanron Management Services Private Limited , 3 individuals |
| Jan 2010 | Funding round | ₹29.9 Lakh | Investors: Sanron Management Services Private Limited , 3 individuals |
| Apr 2009 | Funding round | ₹25 Lakh | Investors: Sanron Management Services Private Limited , 3 individuals |
To see the full deal history of Kwench Global Technologies 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
No court or tribunal cases involving Kwench Global Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kwench Global Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kwench Global Technologies Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Kwench Global Technologies has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK3390D1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kwench Global Technologies Private Limited, buy the company report.
Recent activity
Kwench Global Technologies Private Limited has 19 board changes on record since 2008: 5 appointments and 14 cessations. The latest: Pawankumar Govind Chande ceased to be Director on 01 Nov 2019.
12 earlier events are in the company report.
Frequently asked questions
Kwench Global Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Kwench Global Technologies was a private limited company based in Thane, Maharashtra, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 02 April 2008 and is registered under CIN U72900MH2008PTC180736. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Kwench Global Technologies was incorporated on 02 April 2008. It is registered with the Registrar of Companies, Mumbai.
Kwench Global Technologies had 5 directors:
- Ty Darren Brown - Director
- David Allan Petersen - Director
- Scott David Sperry - Director
- Zubin Sheri Zack - Director
- Scott Nielsen Archibald - Director
The CIN (Corporate Identification Number) of Kwench Global Technologies is U72900MH2008PTC180736. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Kwench Global Technologies is at 401 4th Floor Wing B Pinak Galaxy Kapurbawadi Junction Majiwada Thane W, Est, Maharashtra, India – 400607.
Kwench Global Technologies can be reached through the website kwench.com. Its registered office is in Thane, Maharashtra, India.
The latest financial statements of Kwench Global Technologies on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Kwench Global Technologies is 27AADCK3390D1ZO, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
Kwench Global Technologies operated in the information technology industry, in the application development and software solutions segment.