Lakhari Resources Private Limited
About Lakhari Resources Private Limited
Data last updated:
Lakhari Resources Private Limited is a private limited company based in Chennai, Tamil Nadu, 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 IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 01 October 2018.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2018PTC125045. Its GSTIN is 33AADCL7255J1ZD (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹1.9 Cr. It is led by directors Sethuraman Balasubramanian and Ramanathan Chandrasekaran.
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 No 5/2 (3/2) Murugesan Street T.Nagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2023, the company reported a revenue of ₹92.07 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹60.15 Lakh (net margin 0.7%) and EBITDA of ₹1.88 Cr (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years.
As per MCA filings, the company has open charges of ₹11.21 Cr and satisfied charges of ₹10 Cr on record. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it; 5 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.89 Cr; the latest was in September 2022.
Company details
Contact details
Lakhari Resources Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 5/2 (3/2) Murugesan Street T.Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryInformation Technology, IT Products Retail & Distribution
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- 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 Lakhari Resources 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 Lakhari Resources Private Limited, buy the company report.
Financials of Lakhari Resources Private Limited
FY 2023 filings availableLakhari Resources Private Limited reported revenue of ₹92.07 Cr (up 5% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over three years, including 5% growth in the latest year. EBITDA rose 165% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹92.07 Cr | ||||
| Other Income | |||||
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| EBITDA | ₹1.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹60.15 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Lakhari Resources Private Limited, buy the company report.
Board of directors of Lakhari Resources Private Limited
Lakhari Resources has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sethuraman Balasubramanian Also directs: Sri Sai Impex Private Limited | Additional Director | 26 Dec 2023 | 2 Years 10 Months | As last reported |
| Ramanathan Chandrasekaran | Additional Director | 08 Jun 2022 | 4 Years 4 Months | As last reported |
Auditor
Lakhari Resources Private Limited is audited by M.ILANGUMARAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.ILANGUMARAN & CO | FY 2023 | 005728S |
Shareholding
The shareholding of Lakhari Resources Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Lakhari Resources Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2023 | 100761703 | Others | ₹10 Cr | Open | |
| 02 Aug 2022 | 100627448 | Hdfc Bank Limited | ₹1.21 Cr | Open | |
| 23 Sep 2022 | 100646960 | Yes Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Lakhari Resources Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Lakhari Resources Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.89 Cr; the latest was in September 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2022 | Funding round | ₹1.89 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Lakhari Resources Private Limited has 8 court cases on record: 1 filed by Lakhari Resources, 7 filed against it. 5 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 4 |
| NCLT | 2 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Unity Small Finance Bank Limited | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Unity Small Finance Bank Ltd., Rep. by Its Ao Mr. Ashok Kumar Manda | Disposed |
| NCLT, NCLT Chennai | Insolvency matter | Filed against the company by Mr.Nikhil Sachdeva Interim Resolution Professional of Aeronet Technologies Private Limited Corporate Debtor | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by Om Murugan Enterprises | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by M/S Punjab National Bank VNS Chandrasekhar Achalla | Disposed |
To see the full case history of Lakhari Resources 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 Lakhari Resources Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lakhari Resources has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCL7255J1ZD | Tamil Nadu | Active | 16 Nov 2018 |
To see the full GST registrations and return filing status of Lakhari Resources Private Limited, buy the company report.
Recent activity
Lakhari Resources Private Limited has 7 board changes on record since 2022: 2 appointments and 5 cessations. The latest: Salai Vishnupriya ceased to be Additional Director on 27 Dec 2023.
2 earlier events are in the company report.
Frequently asked questions
Lakhari Resources 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.
Lakhari Resources is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 01 October 2018 and is registered under CIN U72900TN2018PTC125045. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Lakhari Resources has 2 current directors:
- Sethuraman Balasubramanian - Additional Director
- Ramanathan Chandrasekaran - Additional Director
The latest financial statements of Lakhari Resources 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 FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Lakhari Resources is U72900TN2018PTC125045. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lakhari Resources has open charges of ₹11.21 Cr and satisfied charges of ₹10 Cr as per latest MCA filings.
Lakhari Resources has 8 court cases on record: 1 filed by the company and 7 filed against it. 5 are pending. Most are in the district courts.
Lakhari Resources was incorporated on 01 October 2018. It is registered with the Registrar of Companies, Chennai.
Lakhari Resources has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.89 Cr; the latest was in September 2022.
Salai Vishnupriya ceased to be Additional Director on 27 Dec 2023. Sethuraman Balasubramanian was appointed as Additional Director on 26 Dec 2023. Elangovan Santhanakrishnan ceased to be Additional Director on 31 Dec 2022. Lakhari Resources has 7 board changes on record in total.
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