About Glodyne Technoserve Limited
Data last updated:
Glodyne Technoserve 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 software development and support services segment of the technology and IT services sector. It was incorporated on 05 December 1997.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L51100MH1997PLC112281. It is a listed company.
The company has an authorised share capital of ₹59.1 Cr and a paid-up capital of ₹27.09 Cr. It is led by directors Annand Sarnaik (Managing Director) and Samar Ray.
Its last annual general meeting (AGM) was held on 30 December 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office is at 801 Balarama Bandra Kurlacomplex Badra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2013, the company reported a revenue of ₹21.72 Cr, a decline of 30% compared to the previous year.
The company is associated with 1 brand: Glodyne Technoserve. As per MCA filings, the company has open charges of ₹931.26 Cr and satisfied charges of ₹115.44 Cr on record. Court records list 455 cases involving the company, including 26 filed by the company and 429 filed against it; 175 cases are pending. The company has 16 deals on record (15 market trades, 1 ipo); the latest was in September 2014. Its 10 peer companies in the Information Technology industry (Infrastructure Management, Software Services) are compared by revenue, 5 larger and 5 smaller; the largest is Kadel Labs Private Limited with revenue of ₹21.99 Cr.
The last known website on record is glodyne.com.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered Address801 Balarama Bandra Kurlacomplex Badra East, Mumbai, Maharashtra, India – 400051
- IndustryInformation Technology, Software Development & Support Services, IT Infrastructure Management & Services
- 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
- One PDF report, delivered after checkout
Associated Brands
Glodyne Technoserve operates one associated brand: Glodyne Technoserve. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive IT suite services and solutions for businesses. | glodynetechnoserve.in |
Financials of Glodyne Technoserve Limited
FY 2013 filings availableGlodyne Technoserve Limited reported revenue of ₹21.72 Cr (down 30% YoY) for FY 2013.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2012-13 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | •••• |
| Other Income | •••• |
| Total Revenue | •••• |
| Cost of Materials Consumed | •••• |
| Employee Benefit Expense | •••• |
| Finance Costs | •••• |
| Depreciation and Amortisation | •••• |
| Other Expenses | •••• |
| Total Expenses | •••• |
| EBITDA | •••• |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | •••• |
| Balance Sheet | |
| Share Capital | •••• |
| Reserves and Surplus | •••• |
| Net Worth (Total Equity) | •••• |
| Long-term Borrowings | •••• |
| Short-term Borrowings | •••• |
| Trade Payables | •••• |
| Total Liabilities | •••• |
| Fixed Assets | •••• |
| Investments | •••• |
| Inventories | •••• |
| Trade Receivables | •••• |
| Cash and Bank Balance | •••• |
| Total Assets | •••• |
Financial Ratios
| Metrics | FY 2012-13 |
|---|---|
| Profitability | |
| EBITDA Margin | •••• |
| Net Profit Margin | •••• |
| Return on Equity (ROE) | •••• |
| Return on Capital Employed (ROCE) | •••• |
| Return on Assets (ROA) | •••• |
| Liquidity and Debt | |
| Current Ratio | •••• |
| Quick Ratio | •••• |
| Debt-to-Equity Ratio | •••• |
| Interest Coverage Ratio | •••• |
| Efficiency and Growth | |
| Asset Turnover | •••• |
| Receivable Days | •••• |
| Payable Days | •••• |
| Inventory Days | •••• |
| Revenue Growth | •••• |
| Net Profit Growth | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Glodyne Technoserve are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Board of Directors of Glodyne Technoserve Limited
Glodyne Technoserve has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Annand Sarnaik Also directs: Growdyne Techzone Services Limited, Glodyne Pro Media Limited, Bihar Smart Energy Services Limited and 5 more | Managing Director | 25 Sep 2004 | 22 Years 0 Months | As last reported |
| Samar Ray | Director | 05 Aug 2011 | 15 Years 2 Months | As last reported |
Peer Comparison
Glodyne Technoserve Limited is compared with the companies closest to it by revenue in the Information Technology industry (Infrastructure Management, Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kadel Labs Private Limited | ₹21.99 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bengaluru, Karnataka, India |
| Datum Cybertech India Private Limited | ₹21.95 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Hyderabad, Telangana, India |
| Ecolibrium Private Limited | ₹21.92 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Bangalore, Karnataka, India |
| Credencys Solutions Private Limited | ₹21.87 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Ahmedabad, Gujarat, India |
| Ldra Technology Private Limited | ₹21.86 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Bangalore, Karnataka, India |
| Glodyne Technoserve Limited this company | ₹21.72 Cr (FY 2013) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| Streebo Solutions Limited | ₹21.58 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Ahmedabad, Gujarat, India |
| Acesoft Labs (India) Private Limited | ₹21.5 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Karnataka, India |
| SB Secure Data Centers India Private Limited | ₹21.47 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Shahabad, Telangana, India |
| Avighna Meditech Solutions Private Limited | ₹21.46 Cr (FY 2024) | •••• | •••• | -19.0% | •••• | Jaipur, Rajasthan, India |
| Vensure HCM Private Limited | ₹21.37 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Thiruvananthapuram, Kerala, India |
Peers are the companies nearest to Glodyne Technoserve by revenue, above and below it, in the Information Technology industry (Infrastructure Management, Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Sep 2013 | Icici Bank Limited | ₹47.19 Cr | Open |
| 24 Sep 2013 | Icici Bank Limited | ₹18 Cr | Open |
| 24 Sep 2013 | Icici Bank Limited | ₹23.96 Cr | Open |
| 03 Apr 2013 | Caparo Financial Solutions Limited | ₹11 Cr | Open |
| 30 Aug 2012 | Icici Bank Limited | ₹47 Cr | Open |
Total charge records: 42 View all charges
Deals & Funding
Glodyne Technoserve Limited has 16 deals on record (15 market trades, 1 ipo); the latest was in September 2014.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2012 | Market trade | ₹75.2 Lakh | Seller: Ifci Limited |
| Jun 2012 | Market trade | ₹11.47 Cr | Buyer: Merrill Lynch Capital Markets Espana Sa Sv Seller: Rinsel Technologies (India ) Private Limited |
| Mar 2012 | Market trade | ₹21.77 Cr | Buyer: Vincent Trading Private Limited , an individual Seller: Vincent Trading Private Limited , an individual |
| Dec 2009 | Market trade | ₹8.46 Cr | Buyer: an individual Seller: Si Investments and Broking Private Limited |
| Nov 2005 | Market trade | ₹1.87 Cr | Buyer: H J Securities Private Limited , Amu Shares And Sec Ltd Seller: H J Securities Private Limited , Amu Shares And Sec Ltd |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Glodyne Technoserve Limited has 455 court cases on record: 26 filed by Glodyne Technoserve, 429 filed against it. 175 cases are pending and 280 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 333 | 328 | 146 |
| High courts | 116 | 101 | 29 |
| Supreme Court | 6 | 0 | 0 |
Cases on record (5 of 455)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Atmaram Broking Co. Pvt. Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by L and T Finance Ltd | Pending |
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against L and T Finance Ltd. (Petitioner) and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Atmaram Broking Co. Pvt. Ltd | Disposed |
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against L and T Finance Ltd. and 2 others | Disposed |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Glodyne Technoserve.
: available in the company report
Recent Activity
Glodyne Technoserve Limited has 26 board changes on record since 1997: 14 appointments and 12 cessations. The latest: Ramsharan Prasad Sinha ceased to be Director on 21 Feb 2015.
89 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Glodyne Technoserve 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.
Glodyne Technoserve is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 05 December 1997 and is registered under CIN L51100MH1997PLC112281. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Glodyne Technoserve has 2 current directors:
- Annand Sarnaik - Managing Director
- Samar Ray - Director
The latest financial statements of Glodyne Technoserve on record with the MCA are for the year ended 31 March 2013. Its last annual general meeting was held on 30 December 2013. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Glodyne Technoserve is L51100MH1997PLC112281. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Glodyne Technoserve is a listed company.
Glodyne Technoserve has open charges of ₹931.26 Cr and satisfied charges of ₹115.44 Cr as per latest MCA filings.
Glodyne Technoserve has 455 court cases on record: 26 filed by the company and 429 filed against it. 175 are pending. Most are in the district courts.
Glodyne Technoserve was incorporated on 05 December 1997. It is registered with the Registrar of Companies, Mumbai.
Glodyne Technoserve has 16 deals on record (15 market trades, 1 ipo); the latest was in September 2014.
The peers of Glodyne Technoserve by revenue are Kadel Labs Private Limited, Datum Cybertech India Private Limited, Ecolibrium Private Limited, Credencys Solutions Private Limited, Ldra Technology Private Limited and 5 more, all in the Information Technology industry (Infrastructure Management, Software Services).