About Vacon Drives and Controls Private Limited
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Vacon Drives and Controls Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Vacon Plc Sweden. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 29 August 2006.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U31104TN2006PTC060986. Its GSTIN is 33AACCV3053B1ZX (Tamil Nadu). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹8.67 Cr. It was led by directors including Vesa Juhani Laisi and Heikki Juhani Hiltunen.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Rmz Millenia Business Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2016, the company reported a revenue of ₹83.49 Cr. For the same year it recorded a net loss of ₹12.73 Cr (net margin -15.3%) and EBITDA of -₹8.83 Cr (EBITDA margin -10.6%).
The company had about 44 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Vacon. Court records list 4 cases involving the company, including 4 filed by the company.
The last known website on record is vacon.com.
Company details
Contact details
Vacon Drives and Controls Private Limited's registered office is in Chennai, Tamil Nadu. Its website is vacon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressRmz Millenia Business Park Level 6 Phase II Campus 4B Unit 602A 143 Dr.M.G.R.Road, Perungady, Chennai, Tamil Nadu, India – 600096
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Vacon Drives and Controls 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 Vacon Drives and Controls Private Limited
FY 2016 filings availableVacon Drives and Controls Private Limited reported revenue of ₹83.49 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹83.49 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹8.83 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹12.73 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -10.6% | |
| Net Profit Margin | -15.3% | |
| 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 Vacon Drives and Controls Private Limited, buy the company report.
Board of directors of Vacon Drives and Controls Private Limited
Vacon Drives and Controls has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vesa Juhani Laisi | Director | 31 Aug 2006 | 20 Years 2 Months | As last reported |
| Heikki Juhani Hiltunen | Director | 31 Aug 2006 | 20 Years 2 Months | As last reported |
| Ravichandran Purushothaman Also directs: KMC Speciality Hospitals (India) Limited, Danfoss Powerneu Private Limited, Danfoss Systems Limited and 4 more | Additional Director | 16 Mar 2015 | 11 Years 7 Months | As last reported |
Auditor
Vacon Drives and Controls Private Limited is audited by RAJAGOPAL & BADRINARAYANAN for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJAGOPAL & BADRINARAYANAN | FY 2016 | 003024S |
Shareholding
The shareholding of Vacon Drives and Controls Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Vacon Drives and Controls Private Limited, buy the company report.
Legal cases
Vacon Drives and Controls Private Limited has 4 court cases on record: 4 filed by Vacon Drives and Controls. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms Enpro Hi Tech Distributors P Ltd Another | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms Enpro Hi Tech Distributors P Ltd Another | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms Technisys Engineering P Ltd., and Other and 1 other | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Vacon Drives and Controls 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 Vacon Drives and Controls Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vacon Drives and Controls Private Limited has a workforce of 44 employees on its EPFO records as of Mar 23, 2024, across 2 active EPFO establishments.
GST
Vacon Drives and Controls has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCV3053B1ZX | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vacon Drives and Controls Private Limited, buy the company report.
Recent activity
Vacon Drives and Controls Private Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Ravichandran Purushothaman was appointed as Additional Director on 16 Mar 2015.
Frequently asked questions
Vacon Drives and Controls 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.
Vacon Drives and Controls was a private limited company based in Chennai, Tamil Nadu, India. The company worked in power equipment manufacturers, within the energy and power industry. It was incorporated on 29 August 2006 and is registered under CIN U31104TN2006PTC060986. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Vacon Drives and Controls was incorporated on 29 August 2006. It is registered with the Registrar of Companies, Chennai.
Vacon Drives and Controls had 3 directors:
- Vesa Juhani Laisi - Director
- Heikki Juhani Hiltunen - Director
- Ravichandran Purushothaman - Additional Director
The CIN (Corporate Identification Number) of Vacon Drives and Controls is U31104TN2006PTC060986. 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 Vacon Drives and Controls is at Rmz Millenia Business Park Level 6 Phase II Campus 4B Unit 602A 143 Dr.M.G.R.Road, Perungady, Chennai, Tamil Nadu, India – 600096.
Vacon Drives and Controls can be reached through the website vacon.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Vacon Drives and Controls on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of Vacon Drives and Controls is 33AACCV3053B1ZX, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Vacon Drives and Controls operated in the energy and power industry, in the power equipment manufacturers segment.
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