Venus Controls & Switchgear Pvt Ltd
About Venus Controls & Switchgear Pvt Ltd
Data last updated:
Venus Controls & Switchgear Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 05 July 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U31200WB1989PTC047170. Its GSTIN is 33AABCV0283C1ZU (Tamil Nadu). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.58 Cr. It is led by directors including Shyam Sundar Patodia (Managing Director) and Vijay Kumar Patodia.
Its last annual general meeting (AGM) was held on 29 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 32 Ezra Street North Side Police Station – Hare Street, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.79 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.16 Lakh (net margin -1.5%) and EBITDA of ₹1.86 Lakh (EBITDA margin 0.7%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 63% over five years.
As per MCA filings, the company has open charges of ₹68.54 Cr and satisfied charges of ₹85.87 Cr on record. Court records list 38 cases involving the company, including 10 filed by the company and 28 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Venus Controls & Switchgear Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address32 Ezra Street North Side Police Station – Hare Street, Kolkata, West Bengal, India – 700001
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Venus Controls & Switchgear Pvt Ltd, 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 Venus Controls & Switchgear is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Venus Controls & Switchgear Pvt Ltd, buy the company report.
Financials of Venus Controls & Switchgear Pvt Ltd
FY 2020 filings availableVenus Controls & Switchgear Pvt Ltd reported revenue of ₹2.79 Cr (up 276% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 276% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 63%. EBITDA fell 88% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.79 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.86 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.16 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | -1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Venus Controls & Switchgear Pvt Ltd, buy the company report.
Board of directors of Venus Controls & Switchgear Pvt Ltd
Venus Controls & Switchgear has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kumar Patodia Also directs: Yd Simplygreen Private Limited, Sungreen Power & Renewable Energy Private Limited, Kalamunj Properties Private Limited. and 1 more | Director | 20 Dec 2006 | 19 Years 10 Months | Current |
| Shyam Sundar Patodia Also directs: Vicarage Developers LLP, Tenement Developers LLP, Glowing Constructions LLP and 5 more | Managing Director | 05 Jul 1989 | 37 Years 3 Months | Current |
| Manju Patodia Also directs: Vicarage Developers LLP, Tenement Developers LLP, Glowing Constructions LLP and 5 more | Director | 23 Jul 2016 | 10 Years 3 Months | Current |
Auditor
Venus Controls & Switchgear Pvt Ltd is audited by BARKHA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BARKHA & ASSOCIATES | FY 2020 | 327573E |
Shareholding
The shareholding of Venus Controls & Switchgear Pvt Ltd is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Venus Controls & Switchgear Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2014 | 10528873 | Religare Finvest Limited | ₹25 Lakh | Open | |
| 31 Oct 2014 | 10528731 | Religare Finvest Limited | ₹29 Lakh | Open | |
| 27 Feb 2014 | 10504593 | Bank of Baroda | ₹4 Cr | Open | |
| 26 May 2011 | 10292125 | Bank of Baroda | ₹64 Cr | Open | |
| 17 Jul 2012 | 10366989 | Union Bank of India | ₹25.64 Lakh | Satisfied |
To see the full charge records of Venus Controls & Switchgear Pvt Ltd, buy the company report.
Total charge records: 10 View all charges
Legal cases
Venus Controls & Switchgear Pvt Ltd has 38 court cases on record: 10 filed by Venus Controls & Switchgear, 28 filed against it. 7 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 19 | 6 |
| High courts | 9 | 4 | 1 |
| NCLT | 6 | 5 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Tata Capital Limited | Pending |
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Religare Finvest Limited | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Indo Alusys Industries Ltd. | Pending |
| District court, New Delhi, Delhi | Revision petition | Filed against the company by Indo Alusys Industries Ltd | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed by the company against Ind-Barath Thermal Power Limited | Disposed |
To see the full case history of Venus Controls & Switchgear Pvt Ltd, 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 Venus Controls & Switchgear Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Venus Controls & Switchgear has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCV0283C1ZU | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Venus Controls & Switchgear Pvt Ltd, buy the company report.
Recent activity
Venus Controls & Switchgear Pvt Ltd has 6 board changes on record since 1989: 3 appointments and 3 cessations. The latest: Vijay Kumar Patodia ceased to be Director on 18 Jan 2017.
18 earlier events are in the company report.
Frequently asked questions
Venus Controls & Switchgear is an active private limited company based in Kolkata, West Bengal, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 05 July 1989 (37+ years old) and is registered under CIN U31200WB1989PTC047170.
Venus Controls & Switchgear has 3 current directors:
- Shyam Sundar Patodia - Managing Director
- Vijay Kumar Patodia - Director
- Manju Patodia - Director
The latest financial statements of Venus Controls & Switchgear on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 29 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Venus Controls & Switchgear is 33AABCV0283C1ZU, registered in Tamil Nadu. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Venus Controls & Switchgear is U31200WB1989PTC047170. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Venus Controls & Switchgear has 38 court cases on record: 10 filed by the company and 28 filed against it. 7 are pending. Most are in the district courts.
Venus Controls & Switchgear was incorporated on 05 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Kolkata.
Vijay Kumar Patodia ceased to be Director on 18 Jan 2017. Manju Patodia was appointed as Director on 23 Jul 2016. Manju Patodia ceased to be Director on 31 Mar 2015. Venus Controls & Switchgear has 6 board changes on record in total.
The registered office of Venus Controls & Switchgear is at 32 Ezra Street North Side Police Station – Hare Street, Kolkata, West Bengal, India – 700001.
Venus Controls & Switchgear operates in the energy and power industry, in the power equipment manufacturers segment.
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