About Ses Technologies Limited
Data last updated:
Ses Technologies Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of L.C.R. Investments Private Limited. 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 IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 14 July 1992.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74200MH1992PLC166276. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹29.6 Cr and a paid-up capital of ₹17.08 Cr. It is led by directors including Kamran Abdulgani Radiowala (Managing Director) and Mukul Teckchandani.
Its last annual general meeting (AGM) was held on 31 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹60.92 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.81 Lakh (net margin 11.2%) and EBITDA of ₹6.94 Lakh (EBITDA margin 11.4%).
As per MCA filings, the company has satisfied charges of ₹244.75 Cr on record. Court records list 201 cases involving the company, including 186 filed by the company and 15 filed against it; 5 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in August 2005. Its 3 peer companies in the Information Technology industry (Computer Hardware, IT Products Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is Shrestha Automation Private Limited with revenue of ₹61.02 Lakh.
The last known website on record is sesindia.com.
Company details
CIN history
Ses Technologies has one previous CIN (Corporate Identification Number): U74200PN1992PLC067690. The current CIN is U74200MH1992PLC166276, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74200MH1992PLC166276 | Current |
| U74200PN1992PLC067690 | Previous |
Contact details
Ses Technologies Limited's registered office is in Mumbai, Maharashtra. Its website is sesindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No 8 Ellora Co – Op Housing Society Ltd Malad, East, Mumbai, Maharashtra, India – 400097
- IndustryInformation Technology, IT Products Retail & Distribution, Computer Hardware Manufacturing & Retail
To see the full contact details of Ses Technologies 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 Ses Technologies Limited
FY 2016 filings availableSes Technologies Limited reported revenue of ₹60.92 Lakh (up 898% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 898% in the latest year. EBITDA rose 109% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹60.92 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹6.94 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹6.81 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 11.4% | |
| Net Profit Margin | 11.2% | |
| 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 Ses Technologies Limited, buy the company report.
Board of directors of Ses Technologies Limited
Ses Technologies has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukul Teckchandani Also directs: Host & Quest Consultancy Services Private Limited | Director | 01 Aug 2015 | 11 Years 2 Months | As last reported |
| Harsh Chawla Also directs: Dheera Infrastructure LLP | Director | 23 Sep 2006 | 20 Years 1 Months | As last reported |
| Kamran Abdulgani Radiowala | Managing Director | 02 Mar 2010 | 16 Years 7 Months | As last reported |
Peer comparison
Ses Technologies Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Computer Hardware, IT Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shrestha Automation Private Limited | ₹61.02 Lakh (FY 2018) | Jaipur, Rajasthan, India | ||||
| Icegen Computing Private Limited | ₹60.92 Lakh (FY 2017) | 58.0% | Tamil Nadu, India | |||
| Ses Technologies Limitedthis company | ₹60.92 Lakh (FY 2016) | ₹6.81 Lakh | 11.2% | 898.0% | Mumbai, Maharashtra, India | |
| Oenomel Technologies Private Limited | ₹60.6 Lakh (FY 2021) | -45.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Ses Technologies Limited, buy the company report.
Auditor
Ses Technologies Limited is audited by ASHOK KHANDELWAL ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK KHANDELWAL ASSOCIATES | FY 2016 | 008618N |
Shareholding
The shareholding of Ses Technologies Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ses Technologies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 May 2006 | 10003172 | Bank of Baroda Consortium Comprising Bank of Baroda and Bank of India | ₹185.75 Cr | Satisfied | |
| 04 Feb 2005 | 90093011 | The Saraswat Co - Operative Bank Ltd. | ₹25 Lakh | Satisfied | |
| 10 May 2001 | 90085769 | Icici Bank Ltd. | ₹34.8 Cr | Satisfied | |
| 09 May 2001 | 80001334 | Icici Bank | ₹- | Satisfied | |
| 15 Feb 2001 | 90091485 | The Saraswat Co - Operative Bank Ltd. | ₹25 Lakh | Satisfied |
To see the full charge records of Ses Technologies Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Ses Technologies Limited has 1 deal on record (1 acquisition); the latest was in August 2005.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2005 | Acquisition | Undisclosed | Buyer: Doon Leisure and Hospitality Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ses Technologies Limited has 201 court cases on record: 186 filed by Ses Technologies, 15 filed against it. 5 cases are pending and 196 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 178 | 6 | 3 |
| High courts | 21 | 7 | 2 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 201)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed against the company by Ms. Fdisk - India- Pvt. Ltd. and Ors.@Ma-1836-13,Ba-1838-13 - Appellantsorg. Accused | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by Ms. Fdisk - India- Pvt. Ltd. and Ors.@A-512-13,Ba-1838-13 - Appellantsorg. Accused | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by Ms. Intercon Infotech Pvt. Ltd. and 4 Ors. | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by RT Outsourcing Services Ltd. | Disposed |
| District court, Central, Delhi | Civil suit | Filed by the company against Life Business Projects Pvt. Ltd. and 1 other | Disposed |
To see the full case history of Ses Technologies 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 Ses Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ses Technologies has 10 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 Ses Technologies Limited, buy the company report.
Recent activity
Ses Technologies Limited has 13 board changes on record since 2006: 3 appointments and 10 cessations. The latest: Amit Tyagi ceased to be Director on 25 Nov 2016.
24 earlier events are in the company report.
Frequently asked questions
Ses Technologies 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.
Ses Technologies is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 14 July 1992 and is registered under CIN U74200MH1992PLC166276. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ses Technologies has 3 current directors:
- Kamran Abdulgani Radiowala - Managing Director
- Mukul Teckchandani - Director
- Harsh Chawla - Director
The latest financial statements of Ses Technologies on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 31 August 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ses Technologies is U74200MH1992PLC166276. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ses Technologies has no open charges and satisfied charges of ₹244.75 Cr as per latest MCA filings.
Ses Technologies has 201 court cases on record: 186 filed by the company and 15 filed against it. 5 are pending. Most are in the district courts.
Ses Technologies was incorporated on 14 July 1992. It is registered with the Registrar of Companies, Mumbai.
Ses Technologies has 1 deal on record (1 acquisition); the latest was in August 2005.
The peers of Ses Technologies by revenue are Shrestha Automation Private Limited, Icegen Computing Private Limited, Oenomel Technologies Private Limited, all in the Information Technology industry (Computer Hardware, IT Products Retail and Distribution), with the same principal business activity (wholesale trading).
Amit Tyagi ceased to be Director on 25 Nov 2016. Pankaj Sharma ceased to be Director on 25 Nov 2016. Sandeep Gigoo ceased to be Cfo(Kmp) on 25 Nov 2016. Ses Technologies has 13 board changes on record in total.