About Acropetal Technologies Limited
Data last updated:
Acropetal Technologies Limited is a public limited company based in Bangalore, Karnataka, 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 25 April 2001.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L72900KA2001PLC028944. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹38.89 Cr. It is led by directors including Ravi Kumar (Managing Director) and Mohan Hosahalli Ramakrishna.
Its last annual general meeting (AGM) was held on 29 September 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at #74/75 3rd Cross 1st Main N S Palya Bannerghatta Road, Bangalore, Karnataka, India – 560076.
The company is associated with 1 brand: Acropetal Technologies. As per MCA filings, the company has open charges of ₹114.4 Cr and satisfied charges of ₹8.45 Cr on record. Court records list 165 cases involving the company, including 21 filed by the company and 144 filed against it; 16 cases are pending. The company has 32 deals on record (31 market trades, 1 ipo); the latest was in January 2012.
The last known website on record is acropetal.com.
Company details
CIN history
Acropetal Technologies has one previous CIN (Corporate Identification Number): U72900KA2001PLC028944. The current CIN is L72900KA2001PLC028944, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72900KA2001PLC028944 | Current |
| U72900KA2001PLC028944 | Previous |
Contact details
Acropetal Technologies Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered Address#74/75 3rd Cross 1st Main N S Palya Bannerghatta Road, Bangalore, Karnataka, India – 560076
- IndustryInformation Technology, IT Consulting & Support 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
Brands
Acropetal Technologies operates one associated brand: Acropetal Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An IT services and software development firm delivering innovative solutions. | acropetal.com |
Financials of Acropetal Technologies Limited
FY 2014 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Acropetal Technologies Limited, buy the company report.
Board of directors of Acropetal Technologies Limited
Acropetal Technologies has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Hosahalli Ramakrishna | Director | 14 Nov 2006 | 19 Years 11 Months | As last reported |
| Ravi Kumar | Managing Director | 25 Apr 2001 | 25 Years 6 Months | As last reported |
| Mathew James Manimala | Director | 01 Feb 2010 | 16 Years 8 Months | As last reported |
| Subramanya Reddy Dandala Kannayyareddy | Director | 11 Dec 2009 | 16 Years 10 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2012 | 10401010 | Central Bank of India | ₹10 Cr | Open | |
| 13 Dec 2011 | 10334134 | Hdfc Bank Limited | ₹22.58 Lakh | Open | |
| 21 Oct 2011 | 10314175 | Hewlett Packard Financial Services (India) Private Ltd | ₹42.05 Lakh | Open | |
| 28 Apr 2010 | 10222169 | Others | ₹12 Cr | Open | |
| 09 Jul 2009 | 10171766 | United Bank of India | ₹39 Cr | Open |
To see the full charge records of Acropetal Technologies Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Acropetal Technologies Limited has 32 deals on record (31 market trades, 1 ipo); the latest was in January 2012.
Deals on record (5 of 32)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2011 | Market trade | ₹41 Lakh | Buyer: Indravarun Trade Impex Private Limited Seller: Indravarun Trade Impex Private Limited |
| Jul 2011 | Market trade | ₹42.9 Lakh | Seller: Indravarun Trade Impex Private Limited |
| Jul 2011 | Market trade | ₹34 Lakh | Buyer: Parasrampuria Finstock Private Limited Seller: India Max Investment Fund Limited |
| Jun 2011 | Market trade | ₹89.5 Lakh | Buyer: Indravarun Trade Impex Private Limited Seller: India Max Investment Fund Limited, Indravarun Trade Impex Private Limited |
| Jun 2011 | Market trade | ₹2.1 Cr | Buyer: India Max Investment Fund Limited Seller: Oudh Finance & Investment Private Limited, Indravarun Trade Impex Private Limited |
To see the full deal history of Acropetal Technologies Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Acropetal Technologies Limited has 165 court cases on record: 21 filed by Acropetal Technologies, 144 filed against it. 16 cases are pending and 149 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 130 | 123 | 12 |
| High courts | 35 | 21 | 4 |
Cases on record (5 of 165)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Royal School of Fashion Pvt Ltd | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Ingram Micro India Ltd and 5 others | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Pegasus Assets Reconstruction Private Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed against the company by Edelweiss Asset Reconstruction Company Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Synergy Realcon Pvt Ltd | Disposed |
To see the full case history of Acropetal Technologies 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 Acropetal Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Acropetal Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Acropetal Technologies Limited, buy the company report.
Recent activity
Acropetal Technologies Limited has 22 board changes on record since 2001: 13 appointments and 9 cessations. The latest: Vijayendra Rama Rao ceased to be Company Secretary on 26 Jun 2015.
32 earlier events are in the company report.
Frequently asked questions
Acropetal Technologies 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.
Acropetal Technologies is a company under liquidation, formerly operating as a public limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 25 April 2001 and is registered under CIN L72900KA2001PLC028944. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Acropetal Technologies has 4 current directors:
- Ravi Kumar - Managing Director
- Mohan Hosahalli Ramakrishna - Director
- Mathew James Manimala - Director
- Subramanya Reddy Dandala Kannayyareddy - Director
The latest financial statements of Acropetal Technologies on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 29 September 2014. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Acropetal Technologies is L72900KA2001PLC028944. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acropetal Technologies is recorded as a listed company by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Acropetal Technologies has open charges of ₹114.4 Cr and satisfied charges of ₹8.45 Cr as per latest MCA filings.
Acropetal Technologies has 165 court cases on record: 21 filed by the company and 144 filed against it. 16 are pending. Most are in the district courts.
Acropetal Technologies was incorporated on 25 April 2001. It is registered with the Registrar of Companies, Bangalore.
Acropetal Technologies has 32 deals on record (31 market trades, 1 ipo); the latest was in January 2012.