About Essae Technologys Private Limited
Data last updated:
Essae Technologys Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 19 November 1997.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U73200KA1997PTC023042. Its GSTIN is 29AAACE3197R1ZV (Karnataka). The company held 5 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹30 Lakh and a paid-up capital of ₹22.5 Lakh. It was led by directors Narasimha Subramanian (Managing Director) and Sujatha Narasimha.
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 was at Essaeprideno:915 80 Feetroad 6 Thblock Koramangala, Bangalore, Karnataka, India – 560095.
As per the financials filed for FY 2023, the company reported a revenue of ₹98.44 Lakh, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹5.96 Lakh (net margin -6.1%) and EBITDA of ₹10.64 Lakh (EBITDA margin 10.8%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 53% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Essae Group. As per MCA filings, the company has satisfied charges of ₹10.34 Cr on record. Court records list 14 cases involving the company, including 14 filed by the company.
The last known website on record is essaetec.com.
Company details
Contact details
Essae Technologys Private Limited's registered office is in Bangalore, Karnataka. Its website is essaetec.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressEssaeprideno:915 80 Feetroad 6 Thblock Koramangala, Bangalore, Karnataka, India – 560095
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Essae Technologys 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
Essae Technologys operates one associated brand: Essae Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and marketing of electronic scales, barcode solutions, and components in India. | essaetec.com |
Financials of Essae Technologys Private Limited
FY 2023 filings availableEssae Technologys Private Limited reported revenue of ₹98.44 Lakh (down 24% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 53% over five years, including a 24% fall in the latest year. EBITDA fell 79% 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 |
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| EBITDA | ₹10.64 Lakh | ||||
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| Net Profit (PAT) | -₹5.96 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 10.8% | ||||
| Net Profit Margin | -6.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Essae Technologys Private Limited, buy the company report.
Board of directors of Essae Technologys Private Limited
Essae Technologys has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujatha Narasimha Also directs: Essaetec Family LLP, Essae Technologys LLP | Director | 16 Feb 1998 | 28 Years 8 Months | As last reported |
| Narasimha Subramanian | Managing Director | 16 Feb 1998 | 28 Years 8 Months | As last reported |
Auditor
Essae Technologys Private Limited is audited by M A Narasimhan & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A Narasimhan & Co | FY 2022 | 002347S |
Shareholding
The shareholding of Essae Technologys Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Essae Technologys Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2014 | 10544847 | Others | ₹48.59 Lakh | Satisfied | |
| 07 Mar 2011 | 10278834 | The Hongkong and Shanghai Banking Corporation Limited | ₹5.9 Cr | Satisfied | |
| 19 May 2006 | 10003909 | H D F C Bank Limited | ₹3.95 Cr | Satisfied |
To see the full charge records of Essae Technologys Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Essae Technologys Private Limited has 14 court cases on record: 14 filed by Essae Technologys. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Verifone India Sales Pvt.Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Ms Ken Consulting Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Ms Natural Textiles Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Msfab Fashion and Fitness Consultants P Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Ms India Gateway Terminal Pvt Ltd. | Disposed |
To see the full case history of Essae Technologys 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 Essae Technologys Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Essae Technologys Private Limited has a workforce of 1 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Essae Technologys has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACE3197R1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Essae Technologys Private Limited, buy the company report.
Recent activity
Essae Technologys Private Limited has 3 board changes on record since 1998: 2 appointments and 1 cessation. The latest: Senmugam Arunachalam Subramanian ceased to be Director on 29 Jun 2009.
3 earlier events are in the company report.
Frequently asked questions
Essae Technologys has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Essae Technologys was a private limited company based in Bangalore, Karnataka, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 19 November 1997 and is registered under CIN U73200KA1997PTC023042. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Essae Technologys is U73200KA1997PTC023042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essae Technologys had 2 directors:
- Narasimha Subramanian - Managing Director
- Sujatha Narasimha - Director
Essae Technologys was incorporated on 19 November 1997. It is registered with the Registrar of Companies, Bangalore.
Essae Technologys can be reached through the website essaetec.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Essae Technologys is at Essaeprideno:915 80 Feetroad 6 Thblock Koramangala, Bangalore, Karnataka, India – 560095.
The latest financial statements of Essae Technologys 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 2015 are in the company report.
The GSTIN of Essae Technologys is 29AAACE3197R1ZV, registered in Karnataka. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
Essae Technologys operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
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