About Spanco Limited
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Spanco Limited is a public limited company based in Mumbai, Maharashtra, 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 IT infrastructure management and services segment of the technology and IT services sector. It was incorporated on 20 March 1984.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65990MH1984PLC032422. The company has 10 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 12 May 2017 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹32.85 Cr. It was formerly known as Spanco Telesystems and Solutions Limited. It is led by directors including Kapil Puri (Managing Director) and Iqbal Singh Gumber.
Its last annual general meeting (AGM) was held on 31 December 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office is at 8th Floor Godrej Coliseum Somaiya Hospital Road Off. Eastern Express Highway Sion (E), Mumbai, Maharashtra, India – 400022.
The company is associated with 2 brands: Spanco Tele and Spanco. As per MCA filings, the company has open charges of ₹2,582.32 Cr and satisfied charges of ₹5,31,118 Cr on record. Court records list 228 cases involving the company, including 53 filed by the company and 175 filed against it; 26 cases are pending. The company has 94 deals on record (87 market trades, 6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹151.17 Cr; the latest was in December 2011.
The last known website on record is spanco.com.
Company details
Contact details
Spanco Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address8th Floor Godrej Coliseum Somaiya Hospital Road Off. Eastern Express Highway Sion (E), Mumbai, Maharashtra, India – 400022
- IndustryInformation Technology, IT Infrastructure Management & Services
- 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
Brands
Spanco operates two associated brands: Spanco Tele and Spanco. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Telecommunications services are provided by Spanco in India. | spancotele.com | |
| Overhead workstation, jib, and gantry cranes are manufactured. | spanco.com |
Financials of Spanco Limited
FY 2013 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Spanco Limited, buy the company report.
Board of directors of Spanco Limited
Spanco has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Iqbal Singh Gumber | Director | 10 Nov 2012 | 13 Years 11 Months | As last reported |
| Vijay Hotchand Mulchandani Also directs: Respondez BPO Private Limited | Director | 02 Dec 2013 | 12 Years 10 Months | As last reported |
| Kapil Puri | Managing Director | 21 Jan 2000 | 26 Years 9 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2013 | 10420647 | Bank of India | ₹22.5 Cr | Open | |
| 30 Jun 2012 | 10366789 | Srei Equipment Finance Private Limited | ₹9.24 Cr | Open | |
| 21 Oct 2011 | 10315896 | Others | ₹1,250 Cr | Open | |
| 28 Jul 2011 | 10298232 | State Bank of Mysore | ₹10 Cr | Open | |
| 28 Jan 2011 | 10264821 | State Bank of Hyderabad | ₹15 Cr | Open |
To see the full charge records of Spanco Limited, buy the company report.
Total charge records: 43 View all charges
Deals & funding
Spanco Limited has 94 deals on record (87 market trades, 6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹151.17 Cr; the latest was in December 2011.
Deals on record (5 of 94)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2010 | Market trade | ₹9.25 Cr | Buyer: Walton Constructions Private Limited Seller: Strawberry Fields Televentures Private Limited |
| Oct 2010 | Market trade | ₹2.53 Cr | Buyer: JMP Securities Private Limited |
| Oct 2010 | Market trade | ₹3.56 Cr | Buyer: Salasar Stock Broking Limited Seller: Salasar Stock Broking Limited |
| Oct 2010 | Market trade | ₹2.54 Cr | Seller: Salasar Stock Broking Limited |
| Sep 2010 | Market trade | ₹1.71 Cr | Buyer: Salasar Stock Broking Limited |
To see the full deal history of Spanco Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spanco Limited has 228 court cases on record: 53 filed by Spanco, 175 filed against it. 26 cases are pending and 202 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 123 | 116 | 18 |
| High courts | 103 | 59 | 8 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 228)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (MCA) | Filed against the company by The Karur Vysya Bank Ltd., Rep. THR. Its Branch Manager | Pending |
| Bombay High Court | Appeal | Filed against the company by Rent Works India Pvt. Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ibm India Pvt.Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by M/S Adcc Infocad Private Limited | Disposed |
| Bombay High Court | Court case (CHSW) | Filed against the company by Kalyani Fashions Private Limited | Disposed |
To see the full case history of Spanco 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 Spanco Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spanco 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 Spanco Limited, buy the company report.
Recent activity
Spanco Limited has 41 board changes on record since 1984: 22 appointments and 19 cessations. The latest: Subroto Chaudhury ceased to be Director on 02 Jan 2014.
114 earlier events are in the company report.
Frequently asked questions
Spanco 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.
Spanco is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in IT infrastructure management and services, within the information technology industry. It was incorporated on 20 March 1984 and is registered under CIN L65990MH1984PLC032422. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Spanco has 3 current directors:
- Kapil Puri - Managing Director
- Iqbal Singh Gumber - Director
- Vijay Hotchand Mulchandani - Director
The latest financial statements of Spanco on record with the MCA are for the year ended 31 March 2013. Its last annual general meeting was held on 31 December 2013. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Spanco is L65990MH1984PLC032422. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spanco is recorded as a listed company by MCA, but its shares were delisted from NSE on 12 May 2017 · compulsory delisting, and no longer trade on a stock exchange.
Spanco has open charges of ₹2,582.32 Cr and satisfied charges of ₹5,31,118 Cr as per latest MCA filings.
Spanco has 228 court cases on record: 53 filed by the company and 175 filed against it. 26 are pending. Most are in the district courts.
Spanco was incorporated on 20 March 1984. It is registered with the Registrar of Companies, Mumbai.
Spanco has 94 deals on record (87 market trades, 6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹151.17 Cr; the latest was in December 2011.