About Victory Electricals Limited
Data last updated:
Victory Electricals Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Victory Transformers & Switchgears Limited. 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 power equipment manufacturers segment of the energy and power sector. It was incorporated on 27 July 2000.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U31909TN2000PLC078301. Its GSTIN is 36AABCV3115H1ZL (Telangana). The company holds 7 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.93 Cr. It is led by directors including Mahendra Kumar Vaddineni (Managing Director) and Manoj Vaddineni.
Its last annual general meeting (AGM) was held on 29 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at #850/64B T.H.Road Near Royal Enfield Thiruvotriyur, Chennai, Tamil Nadu, India – 600019.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.53 Cr, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹3.58 Cr (net margin -234.5%) and EBITDA of -₹2.7 Cr (EBITDA margin -177%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹357.18 Cr and satisfied charges of ₹69.4 Cr on record. Court records list 137 cases involving the company, including 67 filed by the company and 70 filed against it; 12 cases are pending.
The last known website on record is victoryelectricals.com.
Company details
CIN history
Victory Electricals has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U31909TN2000PLC078301, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909TN2000PLC078301 | Current |
| U31909AP2000PTC035000 | Previous |
| U31909AP2000PLC035000 | Previous |
Contact details
Victory Electricals Limited's registered office is in Chennai, Tamil Nadu. Its website is victoryelectricals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#850/64B T.H.Road Near Royal Enfield Thiruvotriyur, Chennai, Tamil Nadu, India – 600019
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Victory Electricals 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 Victory Electricals is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Victory Electricals Limited, buy the company report.
Financials of Victory Electricals Limited
FY 2019 filings availableVictory Electricals Limited reported revenue of ₹1.53 Cr (down 91% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 91% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 117% 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 | ₹1.53 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.58 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -177% | ||||
| Net Profit Margin | -234.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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 Victory Electricals Limited, buy the company report.
Board of directors of Victory Electricals Limited
Victory Electricals 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 |
|---|---|---|---|---|
| Manoj Vaddineni Also directs: Phoenix Power Products Limited | Director | 27 Jul 2000 | 26 Years 3 Months | As last reported |
| Mahendra Kumar Vaddineni Also directs: Phoenix Power Products Limited, Haiya Service Foundation | Managing Director | 27 Jul 2000 | 26 Years 3 Months | As last reported |
| Venkatappaiah Naidu Vaddineni | Director | 27 Jul 2000 | 26 Years 3 Months | As last reported |
Auditor
Victory Electricals Limited is audited by VENUGOPAL & CHENOY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENUGOPAL & CHENOY | FY 2019 | 004671S |
Shareholding
The shareholding of Victory Electricals Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Victory Electricals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jun 2011 | 10324975 | Edelweiss Asset Reconstruction Company Limited | ₹78.75 Cr | Open | |
| 28 Apr 2011 | 10286981 | Ge Capital Services India | ₹12.5 Cr | Open | |
| 31 Dec 2009 | 10197987 | Bank of Baraoda | ₹3.9 Cr | Open | |
| 21 Feb 2009 | 10149604 | Bank of Baroda | ₹127 Cr | Open | |
| 09 Oct 2001 | 90139326 | State Bank of India | ₹35 Lakh | Open |
To see the full charge records of Victory Electricals Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Victory Electricals Limited has 137 court cases on record: 67 filed by Victory Electricals, 70 filed against it. 12 cases are pending and 125 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 68 | 45 | 5 |
| High courts | 58 | 19 | 7 |
| NCLT | 6 | 6 | 0 |
| Supreme Court | 5 | 0 | 0 |
Cases on record (5 of 137)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed by the company against M/S National Insurance Company Limited Manager | Disposed |
| District court, Rangareddy, Telangana | Execution petition | Filed against the company by SFC Transport Pvt. Ltd. Represented by Sh.Mahender Singh | Disposed |
| High Court, TELANGANA | Revision petition | Filed by the company against Global Laminates Pvt Ltd3 and 35 others | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by Karnataka Power Transmission Corporation Limited | Disposed |
| High Court, TELANGANA | Court case (CRLP) | Filed by the company against M/S. Indo Arya Central Transport Limited and Another and 1 other | Disposed |
To see the full case history of Victory Electricals 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 Victory Electricals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Victory Electricals has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Hackbridge-Hewittic & Easun Ltd | U27109TN1956PLC000882 |
To see the full group structure of Victory Electricals Limited, buy the company report.
GST
Victory Electricals has 7 GST registrations: 1 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCV3115H1ZL | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Victory Electricals Limited, buy the company report.
Recent activity
Victory Electricals Limited has 6 board changes on record since 2000: 3 appointments and 3 cessations. The latest: Devasena Vaddineni ceased to be Director on 01 Feb 2008.
17 earlier events are in the company report.
Frequently asked questions
Victory Electricals 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.
Victory Electricals is a company under liquidation, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 27 July 2000 and is registered under CIN U31909TN2000PLC078301. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Victory Electricals has 3 current directors:
- Mahendra Kumar Vaddineni - Managing Director
- Manoj Vaddineni - Director
- Venkatappaiah Naidu Vaddineni - Director
The latest financial statements of Victory Electricals on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 29 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Victory Electricals is U31909TN2000PLC078301. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Victory Electricals has open charges of ₹357.18 Cr and satisfied charges of ₹69.4 Cr as per latest MCA filings.
Victory Electricals has 137 court cases on record: 67 filed by the company and 70 filed against it. 12 are pending. Most are in the district courts.
Victory Electricals was incorporated on 27 July 2000. It is registered with the Registrar of Companies, Chennai.
Devasena Vaddineni ceased to be Director on 01 Feb 2008. Guttikonda Jyothsna ceased to be Director on 01 Feb 2008. Vaddineni Savitri Naidu ceased to be Director on 01 Feb 2008. Victory Electricals has 6 board changes on record in total.
Victory Electricals can be reached through the website victoryelectricals.com. Its registered office is in Chennai, Tamil Nadu, India.