About Serwel Electronics Private Limited
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Serwel Electronics Private Limited is a private limited company based in Hyderabad, Telangana, 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 electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 28 April 1997.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U32100TG1997PTC026971. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.01 Cr. It was formerly known as Serwel Electronics Limited. It is led by directors Subramanya Sarma Garimella and Ramprasad Ganala.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at No. 6 – 3 – 853/1 6 – 3 – 854 & 6 – 3 – 854A Meridian Plaza Beside Lal Bungalow Ameerpet, Hyderabad, Telangana, India – 500016.
As per the financials filed for FY 2014, the company reported a revenue of ₹202.54 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net loss of ₹8.47 Cr (net margin -4.2%) and EBITDA of ₹202.54 Cr (EBITDA margin 100%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years.
The company has about 105 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹81.5 Cr and satisfied charges of ₹1.25 Cr on record. Court records list 10 cases involving the company, including 2 filed by the company and 8 filed against it; 1 case is pending.
The last known website on record is serwel.com.
Company details
CIN history
Serwel Electronics has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U32100TG1997PTC026971, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32100TG1997PTC026971 | Current |
| U32100TG1997PLC026971 | Previous |
| U32100AP1997PLC026971 | Previous |
Contact details
Serwel Electronics Private Limited's registered office is in Hyderabad, Telangana. Its website is serwel.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNo. 6 – 3 – 853/1 6 – 3 – 854 & 6 – 3 – 854A Meridian Plaza Beside Lal Bungalow Ameerpet, Hyderabad, Telangana, India – 500016
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Serwel Electronics 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 Serwel Electronics Private Limited
FY 2017 filings availableSerwel Electronics Private Limited reported revenue of ₹202.54 Cr (up 34% YoY) for FY 2014.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 36% over three years, including 34% growth in the latest year. EBITDA rose 34% 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 2013-14 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹202.54 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹202.54 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹8.47 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 2013-14 |
|---|---|
| Profitability | |
| EBITDA Margin | 100% |
| Net Profit Margin | -4.2% |
| 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 Serwel Electronics Private Limited, buy the company report.
Board of directors of Serwel Electronics Private Limited
Serwel Electronics 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 |
|---|---|---|---|---|
| Subramanya Sarma Garimella Also directs: Navasri Tax Consultants Private Limited | Additional Director | 22 Nov 2016 | 9 Years 11 Months | As last reported |
| Ramprasad Ganala | Additional Director | 04 May 2019 | 7 Years 5 Months | As last reported |
Shareholding
The shareholding of Serwel Electronics Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Serwel Electronics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2012 | 10366853 | Reliance Capital Ltd | ₹50 Lakh | Open | |
| 25 Sep 2010 | 10249266 | Asrec (India) Limited | ₹70 Cr | Open | |
| 01 May 2000 | 90135966 | Asrec (India) Limited | ₹11 Cr | Open | |
| 04 Nov 2011 | 10315563 | Kotak Mahindra Bank Limited | ₹1.25 Cr | Satisfied |
To see the full charge records of Serwel Electronics Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Serwel Electronics Private Limited has 10 court cases on record: 2 filed by Serwel Electronics, 8 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 1 |
| High courts | 2 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by M/S. Columbia Petro Chem Pvt. Ltd | Pending |
| NCLT, Hyderabad | Insolvency matter | Filed by the company against Varnika Industries Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Niyaman Electronics Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Radio Electric Pvt. Ltd. | Disposed |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by M/S. K.L.R. Engineers Pvt. Ltd. | Disposed |
To see the full case history of Serwel Electronics 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 Serwel Electronics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Serwel Electronics 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 Serwel Electronics Private Limited, buy the company report.
Recent activity
Serwel Electronics Private Limited has 15 board changes on record since 2007: 2 appointments and 13 cessations. The latest: Audrey Aaron Grey ceased to be Additional Director on 04 May 2019.
13 earlier events are in the company report.
Frequently asked questions
Serwel Electronics 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.
Serwel Electronics is a company under liquidation, formerly operating as a private limited company based in Hyderabad, Telangana, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 28 April 1997 and is registered under CIN U32100TG1997PTC026971. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Serwel Electronics has 2 current directors:
- Subramanya Sarma Garimella - Additional Director
- Ramprasad Ganala - Additional Director
The latest financial statements of Serwel Electronics on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Serwel Electronics is U32100TG1997PTC026971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Serwel Electronics has open charges of ₹81.5 Cr and satisfied charges of ₹1.25 Cr as per latest MCA filings.
Serwel Electronics has 10 court cases on record: 2 filed by the company and 8 filed against it. 1 is pending. Most are in the district courts.
Serwel Electronics was incorporated on 28 April 1997. It is registered with the Registrar of Companies, Hyderabad.
Audrey Aaron Grey ceased to be Additional Director on 04 May 2019. Ramprasad Ganala was appointed as Additional Director on 04 May 2019. Manoj Pattiyil ceased to be Additional Director on 27 Mar 2019. Serwel Electronics has 15 board changes on record in total.
Serwel Electronics can be reached through the website serwel.com. Its registered office is in Hyderabad, Telangana, India.