About Shriram Skill and Education Limited
Data last updated:
Shriram Skill and Education Limited is a public limited company based in New Delhi, Delhi, 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 corporate training and development segment of the education sector. It was incorporated on 04 February 2000.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL2000PLC103606. Its GSTIN is 07AABCN8178L1ZW (Delhi). The company holds 7 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹27 Cr. It was formerly known as Shriram New Horizons Limited and Shriram Skill and Education Ltd. It is led by directors including Ajay Kumar Sharma and Parveen Sharma.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Ugfnbcc Place Bhisma Pitamah Marg, New Delhi, Delhi, India – 110003.
As per the financials filed for FY 2019, the company reported a revenue of ₹10.19 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹34.22 Cr (net margin -335.8%) and EBITDA of -₹13.14 Cr (EBITDA margin -129%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 35% over five years.
The company has about 3 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹97.25 Cr and satisfied charges of ₹17.94 Cr on record. Court records list 53 cases involving the company, including 2 filed by the company and 52 filed against it; 39 cases are pending.
The last known website on record is nhindia.com.
Company details
Name history
Shriram Skill and Education has undergone 6 name changes throughout its history. The current legal name is Shriram Skill And Education Limited.
| Company Name | Status |
|---|---|
| Shriram Skill and Education Limited | Current |
| Shriram New Horizons Limited | Previous |
| Shriram Skill And Education Ltd | Previous |
| Shriram Education Limited | Previous |
| Shriram Global Technologies & Educational Ltd | Previous |
| Shriram Centre For Computer Educational Ltd | Previous |
| New Horizons India Limited | Previous |
Contact details
Shriram Skill and Education Limited's registered office is in New Delhi, Delhi. Its website is nhindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUgfnbcc Place Bhisma Pitamah Marg, New Delhi, Delhi, India – 110003
- IndustryEducation, Corporate Training & Development
To see the full contact details of Shriram Skill and Education 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 activities of Shriram Skill and Education are education, support service to organizations and trade. In detail, this covers higher education, technical & vocational education, placement agencies and hr management services and wholesale trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| P | Education | P2 | Higher education, technical & vocational education | |
| N | Support service to Organizations | N2 | Placement agencies and HR management services | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Shriram Skill and Education Limited, buy the company report.
Financials of Shriram Skill and Education Limited
FY 2019 filings availableShriram Skill and Education Limited reported revenue of ₹10.19 Cr (down 33% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 33% fall in the latest year. EBITDA rose 32% 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 | ₹10.19 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹13.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹34.22 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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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 | -129% | ||||
| Net Profit Margin | -335.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Shriram Skill and Education Limited, buy the company report.
Board of directors and KMP of Shriram Skill and Education Limited
Shriram Skill and Education Limited currently reports 3 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shweta Bhatia Also directs: Shriram Educorp Limited | Additional Director | 20 Jan 2024 | 2 Years 9 Months | As last reported |
| Sachin Ghorela | Cfo | 27 May 2023 | 3 Years 5 Months | As last reported |
| Ajay Kumar Sharma Also directs: Shriram Infomedia Limited, New Horizons Skill Development Limited, Centennial Corporation Private Limited and 2 more | Director | 18 Aug 2000 | 26 Years 2 Months | As last reported |
| Parveen Sharma | Director | 08 Jul 2007 | 19 Years 3 Months | As last reported |
Auditor
Shriram Skill and Education Limited is audited by G S A & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S A & ASSOCIATES | FY 2019 | 000257N |
Shareholding
The shareholding of Shriram Skill and Education 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 Shriram Skill and Education Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2016 | 100046570 | Others | ₹3.25 Cr | Open | |
| 15 Oct 2014 | 10539456 | Punjab National Bank | ₹9 Cr | Open | |
| 07 Jul 2010 | 10232104 | Punjab National Bank | ₹25 Cr | Open | |
| 24 Mar 2008 | 10104838 | Punjab National Bank | ₹60 Cr | Open | |
| 08 Dec 2012 | 10393765 | Axis Bank Limited | ₹15 Cr | Satisfied |
To see the full charge records of Shriram Skill and Education Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Shriram Skill and Education Limited has 53 court cases on record: 2 filed by Shriram Skill and Education, 52 filed against it. 39 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 47 | 47 | 38 |
| High courts | 6 | 5 | 1 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Criminal case | Filed against the company by M/S.Genesis Finance Co. Ltd. | Pending |
| District court, South West, Delhi | Criminal case | Filed by the company against M/S Shriram New Horizons Ltd | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by BPN Services India Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by BPN Services India Pvt Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by Shriram Global School Established and Managed by Proms Educational Trust | Pending |
To see the full case history of Shriram Skill and Education 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 Shriram Skill and Education Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Shriram Skill and Education has 4 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Shriram Infomedia Limited | U74140DL2008PLC174894 | |
| New Horizons Skill Development Limited | U74140DL2011PLC227130 | |
| NH Learning Infrastructure Services Limited | U74900DL2011PLC212615 | |
| Shriram Educorp Limited | U80902DL2009PLC188643 |
To see the full group structure of Shriram Skill and Education Limited, buy the company report.
Employees & EPFO
Shriram Skill and Education Limited has a workforce of 3 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Shriram Skill and Education has 7 GST registrations: 1 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCN8178L1ZW | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shriram Skill and Education Limited, buy the company report.
Recent activity
Shriram Skill and Education Limited has 13 board changes on record since 2000: 4 appointments and 9 cessations. The latest: Shweta Bhatia was appointed as Additional Director on 20 Jan 2024.
30 earlier events are in the company report.
Frequently asked questions
Shriram Skill and Education 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.
Shriram Skill and Education is a company under insolvency, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in corporate training and development, within the education industry. It was incorporated on 04 February 2000 and is registered under CIN U74899DL2000PLC103606. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shriram Skill and Education has 4 current directors and KMP:
- Shweta Bhatia - Additional Director
- Ajay Kumar Sharma - Director
- Parveen Sharma - Director
- Sachin Ghorela - Cfo
The latest financial statements of Shriram Skill and Education on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shriram Skill and Education is U74899DL2000PLC103606. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shriram Skill and Education has open charges of ₹97.25 Cr and satisfied charges of ₹17.94 Cr as per latest MCA filings.
Shriram Skill and Education has 53 court cases on record: 2 filed by the company and 52 filed against it. 39 are pending. Most are in the district courts.
Shriram Skill and Education was incorporated on 04 February 2000. It is registered with the Registrar of Companies, Delhi.
Shweta Bhatia was appointed as Additional Director on 20 Jan 2024. Sachin Ghorela was appointed as CFO on 27 May 2023. Vivek Bharat Ram ceased to be Director on 31 Aug 2021. Shriram Skill and Education has 13 board changes on record in total.
Shriram Skill and Education can be reached through the website nhindia.com. Its registered office is in New Delhi, Delhi, India.
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