About Loop Mobile (India) Limited
Data last updated:
Loop Mobile (India) Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the telecom service providers segment of the telecommunications sector. It was incorporated on 30 December 1975.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29299MH1975PLC193684.
The company has an authorised share capital of ₹136 Cr and a paid-up capital of ₹117.97 Cr. It is led by directors including Nalin Khaitan and Rohan Chawla.
Its last annual general meeting (AGM) was held on 24 December 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at Mumbai, Maharashtra.
As per MCA filings, the company has open charges of ₹990.8 Cr and satisfied charges of ₹1,019.8 Cr on record. Court records list 133 cases involving the company, including 81 filed by the company and 52 filed against it; 9 cases are pending. The company has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹322.48 Cr; the latest was in June 2010.
The last known website on record is loopmobile.in.
Company details
CIN history
Loop Mobile (India) has one previous CIN (Corporate Identification Number): U29299KL1975PLC002757. The current CIN is U29299MH1975PLC193684, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29299MH1975PLC193684 | Current |
| U29299KL1975PLC002757 | Previous |
Contact details
Loop Mobile (India) Limited's registered office is in Mumbai, Maharashtra.
- Registered Address127 Manmala Tank Road Taikalwadi, Mahim (West) India, Mumbai, Maharashtra, India – 400016
- IndustryTelecom, Telecom Service Providers
- 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
Financials of Loop Mobile (India) Limited
FY 2014 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Loop Mobile (India) Limited, buy the company report.
Board of directors of Loop Mobile (India) Limited
Loop Mobile (India) has 3 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nalin Khaitan | Director | 24 Mar 2011 | 15 Years 7 Months | As last reported |
| Rohan Chawla Also directs: Sports Guru Tech India Private Limited, Loop Telecom and Trading Limited, Loop Mobile Holdings India Limited and 1 more | Director | 25 Nov 2014 | 11 Years 11 Months | As last reported |
| Puran Singh Bangari Also directs: Sports Guru Tech India Private Limited, Khaitan Chemicals Limited, Aasni Multitrade Private Limited and 2 more | Director | 25 Nov 2014 | 11 Years 11 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2014 | 10507866 | Others | ₹39.64 Cr | Open | |
| 31 Mar 2014 | 10494909 | Srei Infrastructure Finance Limited | ₹260 Cr | Open | |
| 29 Dec 2007 | 10083097 | Axis Bank Limited | ₹600 Cr | Open | |
| 30 Sep 1997 | 90016947 | Bank of America | ₹10 Cr | Open | |
| 12 Jun 1997 | 90016870 | The Industrial Credit and Investment Corp. of India | ₹41 Cr | Open |
To see the full charge records of Loop Mobile (India) Limited, buy the company report.
Total charge records: 37 View all charges
Deals & funding
Loop Mobile (India) Limited has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹322.48 Cr; the latest was in June 2010.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2010 | Acquisition | Undisclosed | Seller: ADG Absolute Diversified Growth Fund |
| Jul 2008 | Funding round | ₹322.48 Cr | Investors: ADG Absolute Diversified Growth Fund |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Loop Mobile (India) Limited has 133 court cases on record: 81 filed by Loop Mobile (India), 52 filed against it. 9 cases are pending and 124 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 80 | 13 | 2 |
| High courts | 51 | 37 | 6 |
| Supreme Court | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 133)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against M/S. Megasoft Limited and 2 others | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Kailash Impex Private Limited | Disposed |
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against Megasoft Limited and 27 others | Disposed |
| Bombay High Court | Court case (CHOL) | Filed against the company by Megasoft Limited | Disposed |
| Bombay High Court | Appeal | Filed against the company by Kirusa Software Pvt. Ltd. | Disposed |
To see the full case history of Loop Mobile (India) 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 Loop Mobile (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Loop Mobile (India) Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Loop Mobile (India) Limited has 31 board changes on record since 2007: 3 appointments and 28 cessations. The latest: Puran Singh Bangari ceased to be Additional Director on 24 Dec 2014.
95 earlier events are in the company report.
Frequently asked questions
Loop Mobile (India) is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Loop Mobile (India) is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in telecom service providers, within the telecom industry. It was incorporated on 30 December 1975 and is registered under CIN U29299MH1975PLC193684. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Loop Mobile (India) has 3 current directors:
- Nalin Khaitan - Director
- Rohan Chawla - Director
- Puran Singh Bangari - Director
The latest financial statements of Loop Mobile (India) on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 24 December 2014. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Loop Mobile (India) is U29299MH1975PLC193684. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Loop Mobile (India) has open charges of ₹990.8 Cr and satisfied charges of ₹1,019.8 Cr as per latest MCA filings.
Loop Mobile (India) has 133 court cases on record: 81 filed by the company and 52 filed against it. 9 are pending. Most are in the district courts.
Loop Mobile (India) was incorporated on 30 December 1975. It is registered with the Registrar of Companies, Mumbai.
Loop Mobile (India) has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹322.48 Cr; the latest was in June 2010.
Puran Singh Bangari ceased to be Additional Director on 24 Dec 2014. Rohan Chawla ceased to be Additional Director on 24 Dec 2014. Kalanand Prasad ceased to be Additional Director on 10 Dec 2014. Loop Mobile (India) has 31 board changes on record in total.
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