About Greens Farm Tech Private Limited
Data last updated:
Greens Farm Tech Private Limited is a private limited company based in Bengaluru, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the crop production and distribution segment of the agriculture sector. It was incorporated on 02 February 2009.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U01403KA2009PTC049017.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.3 Cr. It was formerly known as Hoysala Hospitality & Services Private Limited. It is led by directors Ramya Ramesh Gowda and Ramesh Bomme Gowda.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 325/1 Rmv Extension 5th Cross 14th Main Sadashiva Nagar, Bengaluru, Karnataka, India – 560080.
As per the financials filed for FY 2017, the company reported a revenue of ₹10.59 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹1.26 Lakh (net margin 0.1%) and EBITDA of ₹5.02 Cr (EBITDA margin 47.4%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years.
As per MCA filings, the company has open charges of ₹50.38 Cr on record. Court records list 17 cases involving the company, including 2 filed by the company and 16 filed against it; 4 cases are pending.
The last known website on record is greensfarmtech.com.
Company details
CIN history
Greens Farm Tech has one previous CIN (Corporate Identification Number): U55101KA2009PTC049017. The current CIN is U01403KA2009PTC049017, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01403KA2009PTC049017 | Current |
| U55101KA2009PTC049017 | Previous |
Contact details
Greens Farm Tech Private Limited's registered office is in Bengaluru, Karnataka. Its website is greensfarmtech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address325/1 Rmv Extension 5th Cross 14th Main Sadashiva Nagar, Bengaluru, Karnataka, India – 560080
- IndustryAgriculture, Crop Production & Distribution
To see the full contact details of Greens Farm Tech 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
Financials of Greens Farm Tech Private Limited
FY 2020 filings availableGreens Farm Tech Private Limited reported revenue of ₹10.59 Cr (up 43% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 51% over three years, including 43% growth in the latest year. EBITDA rose 27% 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 | ₹10.59 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹5.02 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.26 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 | 47.4% | ||
| Net Profit Margin | 0.1% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| 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 Greens Farm Tech Private Limited, buy the company report.
Board of directors of Greens Farm Tech Private Limited
Greens Farm Tech has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramya Ramesh Gowda Also directs: Greens Food Crafts India Limited | Director | 02 Feb 2009 | 17 Years 8 Months | As last reported |
| Ramesh Bomme Gowda Also directs: Greens Towness Private Limited, Pods Biotech Private Limited, Greens Organics (India) Private Limited and 5 more | Director | 02 Feb 2009 | 17 Years 8 Months | As last reported |
Shareholding
The shareholding of Greens Farm Tech Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Greens Farm Tech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2015 | 10584878 | Milestone Trusteeship Services Private Limited | ₹50 Cr | Open | |
| 10 Jul 2009 | 10173510 | Vijaya Bank | ₹37.5 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Greens Farm Tech Private Limited has 17 court cases on record: 2 filed by Greens Farm Tech, 16 filed against it. 4 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 4 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Greens Farm Tech Pvt Ltd (Aacch 20961) and 1 other | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against M/S Greens Farm Tech Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Milestone Trusteeship Services Private Limited | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against Karnataka Bank Ltd and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Red Apple Kitchen Consultancy Pvt Ltd | Disposed |
To see the full case history of Greens Farm Tech 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 Greens Farm Tech 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 Greens Farm Tech Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Greens Farm Tech Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Chandrashekar Balasubramanyam ceased to be Director on 20 Dec 2014.
Frequently asked questions
Greens Farm Tech is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Greens Farm Tech is a company under insolvency, formerly operating as a private limited company based in Bengaluru, Karnataka, India. The company works in crop production and distribution, within the agriculture industry. It was incorporated on 02 February 2009 and is registered under CIN U01403KA2009PTC049017. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Greens Farm Tech has 2 current directors:
- Ramya Ramesh Gowda - Director
- Ramesh Bomme Gowda - Director
The latest financial statements of Greens Farm Tech on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Greens Farm Tech is U01403KA2009PTC049017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greens Farm Tech has open charges of ₹50.38 Cr and no satisfied charges on record as per latest MCA filings.
Greens Farm Tech has 17 court cases on record: 2 filed by the company and 16 filed against it. 4 are pending. Most are in the district courts.
Greens Farm Tech was incorporated on 02 February 2009. It is registered with the Registrar of Companies, Bangalore.
Chandrashekar Balasubramanyam ceased to be Director on 20 Dec 2014. Ramesh Bomme Gowda was appointed as Director on 02 Feb 2009. Ramya Ramesh Gowda was appointed as Director on 02 Feb 2009.
Greens Farm Tech can be reached through the website greensfarmtech.com. Its registered office is in Bengaluru, Karnataka, India.