Xyron Technologies Limited
About Xyron Technologies Limited
Data last updated:
Xyron Technologies Limited is a public limited company based in Bhopal, Madhya Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 12 September 1996.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U51109MP1996PLC011205. Its GSTIN is 23AAACE8606P2ZE (Madhya Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.28 Cr. It was formerly known as Extol Marketing Limited. It is led by directors including Divya Saxena and Sudarshna Bhatnagar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Extol – Tower Jahangirabad, Bhopal, Madhya Pradesh, India – 462008.
As per the financials filed for FY 2021, the company reported a revenue of ₹70.48 Lakh, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹82.31 Lakh (net margin -116.8%) and EBITDA of -₹41.2 Lakh (EBITDA margin -58.5%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 33% over five years.
As per MCA filings, the company has open charges of ₹9.97 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it; 4 cases are pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹7.23 Cr; the latest was in September 2016.
Company details
Contact details
Xyron Technologies Limited's registered office is in Bhopal, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressExtol – Tower Jahangirabad, Bhopal, Madhya Pradesh, India – 462008
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Xyron Technologies 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 Xyron Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Xyron Technologies Limited, buy the company report.
Financials of Xyron Technologies Limited
FY 2024 filings availableXyron Technologies Limited reported revenue of ₹70.48 Lakh (down 82% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 82% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹70.48 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹41.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹82.31 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -58.5% | ||||
| Net Profit Margin | -116.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Xyron Technologies Limited, buy the company report.
Board of directors of Xyron Technologies Limited
Xyron Technologies 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 |
|---|---|---|---|---|
| Divya Saxena | Director | 14 Dec 2016 | 9 Years 10 Months | As last reported |
| Sudarshna Bhatnagar Also directs: Extol Financial Services Ltd | Director | 15 Sep 2016 | 10 Years 1 Months | As last reported |
| Aditya Bhatnagar Also directs: Extol Financial Services Ltd | Director | 18 Sep 2015 | 11 Years 1 Months | As last reported |
Auditor
Xyron Technologies Limited is audited by V K P M G & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K P M G & CO | FY 2021 |
Shareholding
The shareholding of Xyron Technologies Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Xyron Technologies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jan 2016 | 10627263 | Axis Bank Limited | ₹5 Cr | Open | |
| 29 Sep 2015 | 10603656 | Bank of Baroda | ₹4.97 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
Xyron Technologies Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹7.23 Cr; the latest was in September 2016.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Xyron Infotech Limited , 2 individuals |
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: Extol Financial Services Ltd , Xyron Infotech Limited Seller: Extol Wind Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Extol Wind Limited Seller: Extol Financial Services Ltd |
| Nov 2015 | Funding round | ₹2.3 Cr | Investors: Extol Wind Limited , 3 individuals |
| Jul 2015 | Funding round | ₹4.88 Cr | Investors: Extol Financial Services Ltd , 3 individuals |
To see the full deal history of Xyron Technologies 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
Xyron Technologies Limited has 7 court cases on record: 1 filed by Xyron Technologies, 6 filed against it. 4 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 4 | 4 | 3 |
| High courts | 2 | 1 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhopal, Madhya Pradesh | Court case (RCS A) | Filed against the company by M/S Extol Wind Limited and 5 others | Pending |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Bank of Baroda | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Aditya Bhatnagar Shareholder and Erstwhile Management of Xyron Technologies Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Aditya Bhatnagar Shareholder and Erstwhile Management of Xyron Technologies Limited | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed against the company | Disposed |
To see the full case history of Xyron Technologies 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 Xyron Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Xyron Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACE8606P2ZE | Madhya Pradesh | Active | 01 Apr 2019 |
To see the full GST registrations and return filing status of Xyron Technologies Limited, buy the company report.
Recent activity
Xyron Technologies Limited has 6 board changes on record since 2015: 3 appointments and 3 cessations. The latest: Abhinav Bhatnagar ceased to be Director on 14 Dec 2016.
Frequently asked questions
Xyron Technologies is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Xyron Technologies is a company under insolvency, formerly operating as a public limited company based in Bhopal, Madhya Pradesh, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 12 September 1996 and is registered under CIN U51109MP1996PLC011205. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Xyron Technologies has 3 current directors:
- Divya Saxena - Director
- Sudarshna Bhatnagar - Director
- Aditya Bhatnagar - Director
The latest financial statements of Xyron Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Xyron Technologies is U51109MP1996PLC011205. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xyron Technologies has open charges of ₹9.97 Cr and no satisfied charges on record as per latest MCA filings.
Xyron Technologies has 7 court cases on record: 1 filed by the company and 6 filed against it. 4 are pending. Most are in the nclat.
Xyron Technologies was incorporated on 12 September 1996. It is registered with the Registrar of Companies, Gwalior.
Xyron Technologies has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹7.23 Cr; the latest was in September 2016.
Abhinav Bhatnagar ceased to be Director on 14 Dec 2016. Divya Saxena was appointed as Director on 14 Dec 2016. Gyanendra Kumar Bhatnagar ceased to be Director on 15 Sep 2016. Xyron Technologies has 6 board changes on record in total.