About Edu Smart Services Private Limited
Data last updated:
Edu Smart Services Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Educomp Asia Pacific Pte. Ltd.. 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 education equipment and infrastructure providers segment of the education sector. It was incorporated on 02 July 2009.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U80902DL2009PTC191840. Its GSTIN is 07AACCE2221N1ZS (Delhi). The company holds 10 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹82.5 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Harit Garg and Sandeep Garg.
Its last annual general meeting (AGM) was held on 31 December 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 2L – 2nd Floor Gopala Tower Rajendra Place 25, New Delhi, Delhi, India – 110008.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.48 Cr, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹5.01 Cr (net margin -339.5%) and EBITDA of -₹2.89 Cr (EBITDA margin -195.9%). Revenue has declined at a compounded annual rate (CAGR) of 58% over three years.
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Educomp. As per MCA filings, the company has open charges of ₹4,128.64 Cr and satisfied charges of ₹325 Cr on record. Court records list 3,165 cases involving the company, including 2,617 filed by the company and 548 filed against it; 85 cases are pending.
The last known website on record is edusmartservices.com.
Company details
Contact details
Edu Smart Services Private Limited's registered office is in New Delhi, Delhi. Its website is edusmartservices.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address2L – 2nd Floor Gopala Tower Rajendra Place 25, New Delhi, Delhi, India – 110008
- IndustryEducation, Education Equipment & Infrastructure Providers
To see the full contact details of Edu Smart Services 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
Edu Smart Services operates one associated brand: Educomp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Technology education solutions for K-12 schools are delivered. | educomp.com |
Financials of Edu Smart Services Private Limited
FY 2019 filings availableEdu Smart Services Private Limited reported revenue of ₹1.48 Cr (down 92% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 58% over three years, including a 92% fall in the latest year. EBITDA fell 155% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.01 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -195.9% | ||||
| Net Profit Margin | -339.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Edu Smart Services Private Limited, buy the company report.
Board of directors of Edu Smart Services Private Limited
Edu Smart Services has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harit Garg | Director | 20 Apr 2024 | 2 Years 6 Months | As last reported |
| Sandeep Garg Also directs: Kanak Assurance Consultants LLP, Strum Buildcon LLP, Dr. Mohinder Nath Consultants LLP and 5 more | Director | 20 Apr 2024 | 2 Years 6 Months | As last reported |
Auditor
Edu Smart Services Private Limited is audited by BUDHRAJA ADLAKHA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BUDHRAJA ADLAKHA & CO | FY 2019 | 005154N |
Shareholding
The shareholding of Edu Smart Services Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Edu Smart Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2014 | 10527428 | Sbicap Trustee Company Limited | ₹1,670.69 Cr | Open | |
| 26 Mar 2014 | 10493168 | Icici Bank Limited | ₹80 Cr | Open | |
| 26 Mar 2014 | 10491372 | Icici Bank Limited | ₹40 Cr | Open | |
| 18 Jul 2013 | 10437483 | Dbs Bank Ltd. | ₹17.5 Cr | Open | |
| 05 Apr 2013 | 10419865 | Icici Bank Limited | ₹80 Cr | Open |
To see the full charge records of Edu Smart Services Private Limited, buy the company report.
Total charge records: 24 View all charges
Legal cases
Edu Smart Services Private Limited has 3,165 court cases on record: 2,617 filed by Edu Smart Services, 548 filed against it. 85 cases are pending and 3,080 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2,832 | 470 | 75 |
| High courts | 325 | 73 | 9 |
| Supreme Court | 5 | 2 | 0 |
| NCLAT | 2 | 2 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 3,165)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Execution petition | Filed by the company against M/S Educomp Solutions Ltd and 1 other | Pending |
| District court, Pune, Maharashtra | Arbitration matter | Filed by the company against M/S. Educomp Solutions Ltd. and 1 other | Pending |
| District court, Ernakulam, Kerala | Execution petition | Filed by the company against M/S. Educomp Solutions Ltd. and 1 other | Disposed |
| District court, Rangareddy, Telangana | Execution petition | Filed by the company against Educomp Solutions Ltd and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (EXE R) | Filed by the company against St. Ann S School | Pending |
To see the full case history of Edu Smart Services 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.
Credit ratings & regulatory alerts
Edu Smart Services Private Limited was last rated by Care on 24 Jul 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Jul 2019 |
To see the full credit ratings and regulatory alerts of Edu Smart Services Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Edu Smart Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Edu Smart Services Private Limited has a workforce of 24 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Edu Smart Services has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCE2221N1ZS | Delhi | Active | 01 Jul 2017 |
| 32AACCE2221N1ZZ | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Edu Smart Services Private Limited, buy the company report.
Recent activity
Edu Smart Services Private Limited has 11 board changes on record since 2009: 2 appointments and 9 cessations. The latest: Harit Garg was appointed as Director on 20 Apr 2024.
33 earlier events are in the company report.
Frequently asked questions
Edu Smart Services 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.
Edu Smart Services is a company under liquidation, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in education equipment and infrastructure providers, within the education industry. It was incorporated on 02 July 2009 and is registered under CIN U80902DL2009PTC191840. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Edu Smart Services has 2 current directors:
- Harit Garg - Director
- Sandeep Garg - Director
The latest financial statements of Edu Smart Services on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 December 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Edu Smart Services is U80902DL2009PTC191840. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Edu Smart Services has open charges of ₹4,128.64 Cr and satisfied charges of ₹325 Cr as per latest MCA filings.
Edu Smart Services has 3,165 court cases on record: 2,617 filed by the company and 548 filed against it. 85 are pending. Most are in the district courts.
Edu Smart Services was incorporated on 02 July 2009. It is registered with the Registrar of Companies, Delhi.
Harit Garg was appointed as Director on 20 Apr 2024. Sandeep Garg was appointed as Director on 20 Apr 2024. Azra Shauqia Hasan ceased to be Director on 25 May 2017. Edu Smart Services has 11 board changes on record in total.
Edu Smart Services can be reached through the website edusmartservices.com. Its registered office is in New Delhi, Delhi, India.