About Kelvolt (India) Private Limited
Data last updated:
Kelvolt (India) Private Limited is a private limited company based in Mumbai, Maharashtra, 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 industrial maintenance and repair services segment of the engineering sector. It was incorporated on 15 September 2009.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29253MH2009PTC195793. Its GSTIN is 27AADCK7472N1ZW (Maharashtra). The company holds 7 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Dhanshyam Kantilal Patel (Irp/Rp/Liquidator) and Santosh Rajnath Vishwakarma.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Flat No. 102 A Plot No. 6 Sector 19 Airoli Thane – 400708, Mumbai, Maharashtra, India – 400708.
As per the financials filed for FY 2021, the company reported a revenue of ₹29,976, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹1.28 Lakh (net margin -426.1%) and EBITDA of -₹93,170 (EBITDA margin -310.8%). Revenue has declined at a compounded annual rate (CAGR) of 89% over three years and 84% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹12.04 Cr on record. Court records list 16 cases involving the company, including 4 filed by the company and 12 filed against it; 2 cases are pending.
The last known website on record is kelvolt.com.
Company details
Contact details
Kelvolt (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is kelvolt.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressFlat No. 102 A Plot No. 6 Sector 19 Airoli Thane – 400708, Mumbai, Maharashtra, India – 400708
- IndustryEngineering, Industrial Maintenance & Repair Services, Engineering, Procurement & Construction (EPC)
To see the full contact details of Kelvolt (India) 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 Kelvolt (India) is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
Financials of Kelvolt (India) Private Limited
FY 2022 filings availableKelvolt (India) Private Limited reported revenue of ₹29,976 (down 46% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 84% over five years, including a 46% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹29,976 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹93,170 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.28 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -310.8% | ||||
| Net Profit Margin | -426.1% | ||||
| 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 Kelvolt (India) Private Limited, buy the company report.
Board of directors of Kelvolt (India) Private Limited
Kelvolt (India) 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 |
|---|---|---|---|---|
| Dhanshyam Kantilal Patel | Irp/Rp/Liquidator | 05 Apr 2024 | 2 Years 6 Months | As last reported |
| Santosh Rajnath Vishwakarma | Director | 15 Sep 2009 | 17 Years 1 Months | As last reported |
| Seetharama Venkappa Shetty | Director | 15 Oct 2018 | 8 Years 0 Months | As last reported |
Auditor
Kelvolt (India) Private Limited is audited by SANKET K BHANUSHALI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANKET K BHANUSHALI & ASSOCIATES | FY 2021 | 147936W |
Shareholding
The shareholding of Kelvolt (India) Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kelvolt (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Apr 2012 | 10358959 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹84 Lakh | Satisfied | |
| 31 Mar 2012 | 10356771 | Corporation Bank | ₹3 Lakh | Satisfied | |
| 24 Oct 2011 | 10318470 | Corproation Bank | ₹11.17 Cr | Satisfied |
To see the full charge records of Kelvolt (India) Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Kelvolt (India) Private Limited has 16 court cases on record: 4 filed by Kelvolt (India), 12 filed against it. 2 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 7 | 0 |
| NCLT | 4 | 4 | 2 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Voltas Ltd | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Rolastar Private Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against M/S Shapoorji Pallonji and Company Pvt.Ltd. | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Caryaire Equipments India Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Nuclear Power Corporation of India Ltd and 1 other | Disposed |
To see the full case history of Kelvolt (India) 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 Kelvolt (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kelvolt (India) Private Limited has a workforce of 5 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Kelvolt (India) has 7 GST registrations: 1 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK7472N1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kelvolt (India) Private Limited, buy the company report.
Recent activity
Kelvolt (India) Private Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Dhanshyam Kantilal Patel was appointed as Irp/Rp/Liquidator on 05 Apr 2024.
4 earlier events are in the company report.
Frequently asked questions
Kelvolt (India) 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.
Kelvolt (India) is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 15 September 2009 and is registered under CIN U29253MH2009PTC195793. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Kelvolt (India) has 3 current directors:
- Santosh Rajnath Vishwakarma - Director
- Seetharama Venkappa Shetty - Director
- Dhanshyam Kantilal Patel - Irp/Rp/Liquidator
The latest financial statements of Kelvolt (India) on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Kelvolt (India) is U29253MH2009PTC195793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kelvolt (India) has no open charges and satisfied charges of ₹12.04 Cr as per latest MCA filings.
Kelvolt (India) has 16 court cases on record: 4 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Kelvolt (India) was incorporated on 15 September 2009. It is registered with the Registrar of Companies, Mumbai.
Dhanshyam Kantilal Patel was appointed as Irp/Rp/Liquidator on 05 Apr 2024. Raveendra Yermal Shetty ceased to be Director on 15 Oct 2018. Seetharama Venkappa Shetty was appointed as Director on 15 Oct 2018. Kelvolt (India) has 6 board changes on record in total.
Kelvolt (India) can be reached through the website kelvolt.com. Its registered office is in Mumbai, Maharashtra, India.