About Adarsh Thoughtworks Private Limited
Data last updated:
Adarsh Thoughtworks Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 August 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74210GJ2008PTC054897. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.41 Cr. It is led by directors including Damyanti Bhandari and Rituraj Singh.
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 A – 201 Parijat Residency Judges Bunglow Road Ellisbridge, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2017, the company reported a revenue of ₹21.38 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹1.01 Cr (net margin -4.7%) and EBITDA of ₹16.31 Cr (EBITDA margin 76.3%).
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Cr on record. Court records list 46 cases involving the company, including 1 filed by the company and 45 filed against it; 10 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website abl.in.
Company details
Contact details
Adarsh Thoughtworks Private Limited's registered office is in Ahmedabad, Gujarat. Its website is abl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 201 Parijat Residency Judges Bunglow Road Ellisbridge, Ahmedabad, Gujarat, India – 380054
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Adarsh Thoughtworks 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 Adarsh Thoughtworks is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Adarsh Thoughtworks Private Limited, buy the company report.
Financials of Adarsh Thoughtworks Private Limited
FY 2017 filings availableAdarsh Thoughtworks Private Limited reported revenue of ₹21.38 Cr (down 65% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 65% in the latest year. EBITDA rose 128% in the latest 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 | ₹21.38 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹16.31 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.01 Cr | ||
| 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 | 76.3% | ||
| Net Profit Margin | -4.7% | ||
| 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 Adarsh Thoughtworks Private Limited, buy the company report.
Board of directors of Adarsh Thoughtworks Private Limited
Adarsh Thoughtworks has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Damyanti Bhandari | Director | 13 Jul 2017 | 9 Years 3 Months | Current |
| Rituraj Singh Also directs: Sambhav Energy Limited, Bramha Infracon Private Limited, Mother Land Buildhome Private Limited and 2 more | Director | 13 Jul 2017 | 9 Years 3 Months | Current |
| Hemant Kumar Jain Also directs: Deniz Builders & Developers Private Limited, Star Buildestates Private Limited, Raghuvanshi Realestates Private Limited and 2 more | Director | 13 Jul 2017 | 9 Years 3 Months | Current |
Auditor
Adarsh Thoughtworks Private Limited is audited by ABHAY K SHAH & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHAY K SHAH & ASSOCIATES | FY 2017 | 015298C |
Shareholding
The shareholding of Adarsh Thoughtworks Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Adarsh Thoughtworks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2011 | 10332006 | Adarsh Credit Co-Operative Society Limited | ₹20 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Adarsh Thoughtworks Private Limited has 46 court cases on record: 1 filed by Adarsh Thoughtworks, 45 filed against it. 10 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 43 | 43 | 8 |
| NCLT | 2 | 2 | 1 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Writ petition | Filed against the company by Camkarl Industries Private Limited | Disposed |
| High Court of Rajasthan | Court case (WMAP) | Filed against the company | Pending |
| NCLT, Ahmedabad | Court case (COMP.APPL) | Filed against the company by Union of India Through Serious Fraud Investigation Office | Pending |
| High Court of Rajasthan | Writ petition | Filed against the company | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against Union of India | Pending |
To see the full case history of Adarsh Thoughtworks 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 Adarsh Thoughtworks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Adarsh Thoughtworks Private Limited has a workforce of 1 employees on its EPFO records as of Sep 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 1 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Adarsh Thoughtworks Private Limited, buy the company report.
GST
Adarsh Thoughtworks has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Adarsh Thoughtworks Private Limited, buy the company report.
Recent activity
Adarsh Thoughtworks Private Limited has 10 board changes on record since 2013: 3 appointments and 7 cessations. The latest: Hemant Kumar Jain ceased to be Director on 30 Mar 2019.
2 earlier events are in the company report.
Frequently asked questions
Adarsh Thoughtworks is an active private limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 August 2008 (18+ years old) and is registered under CIN U74210GJ2008PTC054897.
Adarsh Thoughtworks has 3 current directors:
- Damyanti Bhandari - Director
- Rituraj Singh - Director
- Hemant Kumar Jain - Director
The latest financial statements of Adarsh Thoughtworks 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.
No. Adarsh Thoughtworks has 5 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Adarsh Thoughtworks is U74210GJ2008PTC054897. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adarsh Thoughtworks has 46 court cases on record: 1 filed by the company and 45 filed against it. 10 are pending. Most are in the high courts.
Adarsh Thoughtworks was incorporated on 29 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hemant Kumar Jain ceased to be Director on 30 Mar 2019. Saumil Surendrabhai Shah ceased to be Director on 15 Nov 2018. Bharat Das Vaishnav ceased to be Director on 13 Jul 2017. Adarsh Thoughtworks has 10 board changes on record in total.
Adarsh Thoughtworks can be reached through the website abl.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Adarsh Thoughtworks is at A – 201 Parijat Residency Judges Bunglow Road Ellisbridge, Ahmedabad, Gujarat, India – 380054.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
