About Lakshya Forum for Competitions Private Limited
Data last updated:
Lakshya Forum for Competitions Private Limited was a private limited company based in Patiala, Punjab, India, operated as a subsidiary of Mt Educare Ltd. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the corporate training and development segment of the education sector. It was incorporated on 13 August 2010.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U80301PB2010PTC034186. Its GSTIN is 03AABCL8543P1Z5 (Punjab). The company held 5 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹52.76 Lakh. It was led by directors including Chhaya Satyanand Shastri and Shrenik Bakulesh Kotecha.
Its last annual general meeting (AGM) was held on 04 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Scf 101 Chotti Baradari, Patiala, Punjab, India – 147001.
As per the financials filed for FY 2017, the company reported a revenue of ₹30.09 Cr, a growth of 67% compared to the previous year. For the same year it recorded a net profit of ₹4.75 Cr (net margin 15.8%) and EBITDA of ₹9.34 Cr (EBITDA margin 31%).
The company had about 101 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Lakshya Institute. As per MCA filings, the company had satisfied charges of ₹93.9 Lakh on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in November 2012.
The last known website on record is lakshyainstitute.com.
Company details
Contact details
Lakshya Forum for Competitions Private Limited's registered office is in Patiala, Punjab. Its website is lakshyainstitute.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressScf 101 Chotti Baradari, Patiala, Punjab, India – 147001
- IndustryEducation, Corporate Training & Development
To see the full contact details of Lakshya Forum for Competitions 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
Lakshya Forum for Competitions operates one associated brand: Lakshya Institute. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Coaching for engineering and medical entrance exams preparation. | lakshyainstitute.com |
Financials of Lakshya Forum for Competitions Private Limited
FY 2017 filings availableLakshya Forum for Competitions Private Limited reported revenue of ₹30.09 Cr (up 67% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 67% in the latest year. EBITDA rose 512% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹9.34 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹4.75 Cr | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 31% | ||
| Net Profit Margin | 15.8% | ||
| Return on Equity (ROE) | |||
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| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Lakshya Forum for Competitions Private Limited, buy the company report.
Board of directors of Lakshya Forum for Competitions Private Limited
Lakshya Forum for Competitions has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chhaya Satyanand Shastri | Director | 01 Apr 2013 | 13 Years 7 Months | As last reported |
| Shrenik Bakulesh Kotecha | Director | 01 Oct 2015 | 11 Years 1 Months | As last reported |
| Chandresh Hirji Fooria | Director | 01 Apr 2013 | 13 Years 7 Months | As last reported |
| Anish Ravilal Thakkar | Director | 01 Apr 2013 | 13 Years 7 Months | As last reported |
| Mahesh Raghu Shetty | Director | 01 Apr 2013 | 13 Years 7 Months | As last reported |
Auditor
Lakshya Forum for Competitions Private Limited is audited by Shaparia Mehta & AssociatesLLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shaparia Mehta & AssociatesLLP | FY 2016 | 112350W/W-100051 |
Shareholding
The shareholding of Lakshya Forum for Competitions Private Limited is on record for 3 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Lakshya Forum for Competitions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Apr 2011 | 10283866 | Punjab National Bank | ₹16 Lakh | Satisfied | |
| 04 Mar 2011 | 10282155 | Punjab National Bank | ₹7.9 Lakh | Satisfied | |
| 07 Dec 2010 | 10256740 | Punjab National Bank | ₹70 Lakh | Satisfied |
To see the full charge records of Lakshya Forum for Competitions Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Lakshya Forum for Competitions Private Limited has 1 deal on record (1 acquisition); the latest was in November 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2012 | Acquisition | Undisclosed | Buyer: MT Educare Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Lakshya Forum for Competitions Private Limited has 4 court cases on record: 2 filed by Lakshya Forum for Competitions, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Patiala, Punjab | Court case (RP) | Filed against the company by an individual | Pending |
| District court, Patiala, Punjab | Execution petition | Filed against the company by individuals | Disposed |
| High Court, PUNJAB | Company petition | Filed by the company against an individual | Disposed |
| High Court, PUNJAB | Company petition | Filed by the company against an individual | Disposed |
To see the full case history of Lakshya Forum for Competitions 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 Lakshya Forum for Competitions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Lakshya Forum for Competitions Private Limited has a workforce of 101 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Lakshya Forum for Competitions has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCL8543P1Z5 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lakshya Forum for Competitions Private Limited, buy the company report.
Recent activity
Lakshya Forum for Competitions Private Limited has 14 board changes on record since 2013: 5 appointments and 9 cessations. The latest: Shrenik Bakulesh Kotecha ceased to be Additional Director on 27 Sep 2016.
12 earlier events are in the company report.
Frequently asked questions
Lakshya Forum for Competitions 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.
Lakshya Forum for Competitions was a private limited company based in Patiala, Punjab, India. The company worked in corporate training and development, within the education industry. It was incorporated on 13 August 2010 and is registered under CIN U80301PB2010PTC034186. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Lakshya Forum for Competitions was incorporated on 13 August 2010. It is registered with the Registrar of Companies, Chandigarh.
Lakshya Forum for Competitions had 5 directors:
- Chhaya Satyanand Shastri - Director
- Shrenik Bakulesh Kotecha - Director
- Chandresh Hirji Fooria - Director
- Anish Ravilal Thakkar - Director
- Mahesh Raghu Shetty - Director
The CIN (Corporate Identification Number) of Lakshya Forum for Competitions is U80301PB2010PTC034186. 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 Lakshya Forum for Competitions is at Scf 101 Chotti Baradari, Patiala, Punjab, India – 147001.
Lakshya Forum for Competitions can be reached through the website lakshyainstitute.com. Its registered office is in Patiala, Punjab, India.
The latest financial statements of Lakshya Forum for Competitions on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 04 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Lakshya Forum for Competitions is 03AABCL8543P1Z5, registered in Punjab. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
Lakshya Forum for Competitions operated in the education industry, in the corporate training and development segment.
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