Meridian Edutech Solutions Private Limited
About Meridian Edutech Solutions Private Limited
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Meridian Edutech Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the corporate training and development segment of the education sector. It was incorporated on 02 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U45200TG2004PTC043381.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Meridian Infrastructure Services Private Limited. It is led by directors including Siva Neelakanta Butta and Tejaswi Butta.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Butta House 2nd Floor 4 – 14 Kphb Road, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2017, the company reported a revenue of ₹16.02 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹5.18 Lakh (net margin 0.3%) and EBITDA of ₹5.56 Cr (EBITDA margin 34.7%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years.
As per MCA filings, the company has open charges of ₹263.05 Cr and satisfied charges of ₹24.9 Cr on record. Court records list 18 cases involving the company, including 11 filed by the company and 7 filed against it; 13 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Meridian Edutech Solutions has one previous CIN (Corporate Identification Number): U45200AP2004PTC043381. The current CIN is U45200TG2004PTC043381, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200TG2004PTC043381 | Current |
| U45200AP2004PTC043381 | Previous |
Contact details
Meridian Edutech Solutions Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressButta House 2nd Floor 4 – 14 Kphb Road, Hyderabad, Telangana, India – 500081
- IndustryEducation, Corporate Training & Development
To see the full contact details of Meridian Edutech Solutions 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
Business activity
The main business activity of Meridian Edutech Solutions is education. In detail, this covers primary & secondary education services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| P | Education | P1 | Primary & Secondary Education services |
To see the full business activity and turnover split of Meridian Edutech Solutions Private Limited, buy the company report.
Financials of Meridian Edutech Solutions Private Limited
FY 2017 filings availableMeridian Edutech Solutions Private Limited reported revenue of ₹16.02 Cr (down 36% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over three years, including a 36% fall in the latest year. EBITDA fell 24% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹16.02 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹5.56 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹5.18 Lakh | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 34.7% | ||
| Net Profit Margin | 0.3% | ||
| 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 | |||
To see the full financial statements and ratios of Meridian Edutech Solutions Private Limited, buy the company report.
Board of directors of Meridian Edutech Solutions Private Limited
Meridian Edutech Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siva Neelakanta Butta Also directs: Vaishnavi Jewellers Private Limited, Tejaswi Motors Private Limited, Butta Hospitalities Private Limited and 5 more | Director | 02 Jun 2004 | 22 Years 4 Months | Current |
| Tejaswi Butta Also directs: Tejaswi Jewellers Private Limited, Butta Automotive Private Limited, Texerra Infrastructures Private Limited and 4 more | Director | 11 Jun 2012 | 14 Years 4 Months | Current |
| Butta Naga Raju | Director | 16 Mar 2018 | 8 Years 7 Months | Current |
Auditor
Meridian Edutech Solutions Private Limited is audited by R K REDDY & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K REDDY & ASSOCIATES | FY 2017 | 005597S |
Shareholding
The shareholding of Meridian Edutech Solutions Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Meridian Edutech Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2017 | 100087010 | Others | ₹260 Cr | Open | |
| 22 Mar 2012 | 10399254 | Central Bank of India | ₹3 Cr | Open | |
| 28 Nov 2005 | 90344309 | Sundarm Finance Ltd. | ₹5.49 Lakh | Open | |
| 29 Oct 2015 | 10610673 | Andhra Pradesh State Financial Corporation | ₹40 Lakh | Satisfied | |
| 31 Dec 2014 | 10547886 | Andhra Pradesh State Financial Corporation | ₹1 Cr | Satisfied |
To see the full charge records of Meridian Edutech Solutions Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Meridian Edutech Solutions Private Limited has 18 court cases on record: 11 filed by Meridian Edutech Solutions, 7 filed against it. 13 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 2 | 7 |
| NCLAT | 6 | 4 | 6 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Insolvency matter | Filed against the company by Gonugunta Murali Liquidator of Butta Infrastructure Private Limited | Disposed |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by individuals | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by individuals | Pending |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by Meridian Educational Society R4 | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Meridian Educational Society R4 | Pending |
To see the full case history of Meridian Edutech Solutions 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 Meridian Edutech Solutions Private 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 Meridian Edutech Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Meridian Edutech Solutions Private Limited has 6 board changes on record since 2004: 3 appointments and 3 cessations. The latest: Butta Pratul ceased to be Director on 30 Mar 2020.
9 earlier events are in the company report.
Frequently asked questions
Meridian Edutech Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in corporate training and development, within the education industry. It was incorporated on 02 June 2004 (22+ years old) and is registered under CIN U45200TG2004PTC043381.
Meridian Edutech Solutions has 3 current directors:
- Siva Neelakanta Butta - Director
- Tejaswi Butta - Director
- Butta Naga Raju - Director
The latest financial statements of Meridian Edutech Solutions on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Meridian Edutech Solutions is U45200TG2004PTC043381. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meridian Edutech Solutions has 18 court cases on record: 11 filed by the company and 7 filed against it. 13 are pending. Most are in the high courts.
Meridian Edutech Solutions was incorporated on 02 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Hyderabad.
Butta Pratul ceased to be Director on 30 Mar 2020. Butta Naga Raju was appointed as Director on 16 Mar 2018. Renuka Butta ceased to be Director on 20 Jan 2014. Meridian Edutech Solutions has 6 board changes on record in total.
The registered office of Meridian Edutech Solutions is at Butta House 2nd Floor 4 – 14 Kphb Road, Hyderabad, Telangana, India – 500081.
Meridian Edutech Solutions operates in the education industry, in the corporate training and development segment.
Meridian Edutech Solutions has open charges of ₹263.05 Cr and satisfied charges of ₹24.9 Cr as per latest MCA filings.