About Tasec Limited
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Tasec Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Tata Advanced Systems Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the security and surveillance segment of the business services sector. It was incorporated on 05 December 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2008PLC188713. Its GSTIN is 07AADCT1062F1ZO (Delhi). The company held 10 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹12.64 Lakh. It was formerly known as Trif Erectors Private Limited and Avana Integrated Systems Limited. It was led by directors including Radhika Govind Rajan and Kersi Rustom Bhagat.
Its last annual general meeting (AGM) was held on 28 August 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Bombay House 24 Homi Mody Street Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2018, the company reported a revenue of ₹27.56 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹14.96 Cr (net margin -54.3%) and EBITDA of -₹11.65 Cr (EBITDA margin -42.3%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is tasec.in.
Company details
Name history
Tasec has undergone 4 name changes throughout its history. The current legal name is Tasec Limited.
| Company Name | Status |
|---|---|
| Tasec Limited | Current |
| Trif Erectors Private Limited | Previous |
| Avana Integrated Systems Limited | Previous |
| Avana Integrated Systems Private Limited | Previous |
| Tas-Agt Systems Limited | Previous |
CIN history
Tasec has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72900MH2008PLC188713, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH2008PLC188713 | Current |
| U72900MH2008PTC188713 | Previous |
| U45202MH2008PTC188713 | Previous |
Contact details
Tasec Limited's registered office is in Mumbai, Maharashtra. Its website is tasec.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressBombay House 24 Homi Mody Street Fort, Mumbai, Maharashtra, India – 400001
- IndustryBusiness Services, Security & Surveillance
To see the full contact details of Tasec 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 Tasec is support service to organizations. In detail, this covers security and investigation activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N4 | Security and investigation activities |
To see the full business activity and turnover split of Tasec Limited, buy the company report.
Financials of Tasec Limited
FY 2018 filings availableTasec Limited reported revenue of ₹27.56 Cr (down 43% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 43% fall in the latest year. EBITDA fell 319% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
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| Total Expenses | ||||
| EBITDA | -₹11.65 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹14.96 Cr | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -42.3% | |||
| Net Profit Margin | -54.3% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
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| Net Profit Growth | ||||
To see the full financial statements and ratios of Tasec Limited, buy the company report.
Board of directors of Tasec Limited
Tasec has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radhika Govind Rajan | Director | 19 Jun 2015 | 11 Years 4 Months | As last reported |
| Kersi Rustom Bhagat Also directs: Akashastha Technologies Private Limited, The Associated Building Company Limited, Mohar Export Services Pvt Ltd and 5 more | Director | 16 Apr 2010 | 16 Years 6 Months | As last reported |
| Sukaran Singh Also directs: Nova Integrated Systems Limited, Tata Lockheed Martin Aerostructures Limited, Tvlive India Private Limited and 5 more | Director | 24 Feb 2010 | 16 Years 8 Months | As last reported |
Peer comparison
Tasec Limited is compared with the 6 companies closest to it by revenue in the Business Services industry (Security Services), with the same principal business activity (security and investigation activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indraprashtha Security Services Private Limited | ₹27.86 Cr (FY 2025) | 1.0% | Patna, Bihar, India | |||
| Active Protection Services Private Limited | ₹27.78 Cr (FY 2024) | 19.0% | Baramati, Maharashtra, India | |||
| Tasec Limitedthis company | ₹27.56 Cr (FY 2018) | -₹14.96 Cr | -54.3% | -43.0% | Mumbai, Maharashtra, India | |
| PBS Facilities Management Private Limited | ₹27.32 Cr (FY 2024) | 5.0% | Patna, Bihar, India | |||
| Madras Security Services Private Limited | ₹27.26 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India | |||
| Sun (Tamilnadu) Security Management Services Private Limited | ₹27.21 Cr (FY 2024) | -4.0% | Madurai, Tamil Nadu, India | |||
| Santosh Carewell Security Private Limited | ₹27.09 Cr (FY 2024) | 5.0% | Vikhroli West Mumbai, Maharashtra, India |
To see the full peer comparison of Tasec Limited, buy the company report.
Auditor
Tasec Limited is audited by M A PARIKH & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A PARIKH & CO | FY 2017 | 107556W |
Shareholding
The shareholding of Tasec Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Tasec Limited, buy the company report.
Legal cases
Tasec Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Civil suit | Filed against the company by M/S Martinet Engineers Pvt Ltd | Disposed |
To see the full case history of Tasec 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.
Credit ratings & regulatory alerts
Tasec Limited was last rated by Indiarating on 28 Mar 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 28 Mar 2018 |
To see the full credit ratings and regulatory alerts of Tasec Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tasec Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tasec has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCT1062F1ZO | Delhi | Active | 01 Jul 2017 |
| 09AADCT1062F1ZK | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tasec Limited, buy the company report.
Recent activity
Tasec Limited has 17 board changes on record since 2009: 3 appointments and 14 cessations. The latest: Amir Shahaf Poshinski ceased to be Director on 28 Jul 2016.
8 earlier events are in the company report.
Frequently asked questions
Tasec has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Tasec was a public limited company based in Mumbai, Maharashtra, India. The company worked in security and surveillance, within the business services industry. It was incorporated on 05 December 2008 and is registered under CIN U72900MH2008PLC188713. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tasec was incorporated on 05 December 2008. It is registered with the Registrar of Companies, Mumbai.
Tasec had 3 directors:
- Radhika Govind Rajan - Director
- Kersi Rustom Bhagat - Director
- Sukaran Singh - Director
The CIN (Corporate Identification Number) of Tasec is U72900MH2008PLC188713. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Tasec is at Bombay House 24 Homi Mody Street Fort, Mumbai, Maharashtra, India – 400001.
Tasec can be reached through the website tasec.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Tasec on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 August 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Tasec is 07AADCT1062F1ZO, registered in Delhi. The company has 10 GST registrations in all, of which 2 are active and 8 are cancelled or inactive. Other active GSTINs include 09AADCT1062F1ZK (Uttar Pradesh).
Tasec operated in the business services industry, in the security and surveillance segment.
The peers of Tasec by revenue are Indraprashtha Security Services Private Limited, Active Protection Services Private Limited, PBS Facilities Management Private Limited, Madras Security Services Private Limited, Sun (Tamilnadu) Security Management Services Private Limited and 1 more, all in the Business Services industry (Security Services), with the same principal business activity (security and investigation activities).