About Best & Crompton Engineering Projects Limited
Data last updated:
Best & Crompton Engineering Projects Limited is a public limited company based in Chennai, Tamil Nadu, 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 bop and btg services segment of the energy and power sector. It was incorporated on 21 October 1999.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U28920TN1999PLC043385. Its GSTIN is 33AABCB5248H1ZX (Tamil Nadu). The company holds 11 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹64 Cr and a paid-up capital of ₹55.99 Cr. It is led by directors Alugolla Srinivasreddy and Nerendra Reddy Yeddula.
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 No 19A Emerald Apartments Flat No 4 First Floor Wheatcrofts Road Nungambakkam, Chennai, Tamil Nadu, India – 600034.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.4 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹17.05 Lakh (net margin -12.2%) and EBITDA of ₹4.56 Lakh (EBITDA margin 3.3%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 15% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹493.5 Cr and satisfied charges of ₹133.15 Cr on record. Court records list 65 cases involving the company, including 54 filed by the company and 11 filed against it; 8 cases are pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹116.68 Cr; the latest was in March 2011.
The last known website on record is bestandcrompton.com.
Company details
Contact details
Best & Crompton Engineering Projects Limited's registered office is in Chennai, Tamil Nadu. Its website is bestandcrompton.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 19A Emerald Apartments Flat No 4 First Floor Wheatcrofts Road Nungambakkam, Chennai, Tamil Nadu, India – 600034
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
To see the full contact details of Best & Crompton Engineering Projects 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 Best & Crompton Engineering Projects Limited
FY 2024 filings availableBest & Crompton Engineering Projects Limited reported revenue of ₹1.4 Cr (down 51% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 51% fall in the latest year. EBITDA fell 59% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹4.56 Lakh | ||||
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| Net Profit (PAT) | -₹17.05 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | -12.2% | ||||
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To see the full financial statements and ratios of Best & Crompton Engineering Projects Limited, buy the company report.
Board of directors and KMP of Best & Crompton Engineering Projects Limited
Best & Crompton Engineering Projects Limited currently reports 2 directors and 1 key managerial person. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Seshagiri Rao Ippagunta | Ceo | 16 Dec 2020 | 5 Years 10 Months | As last reported |
| Alugolla Srinivasreddy | Additional Director | 20 Oct 2018 | 8 Years 0 Months | As last reported |
| Nerendra Reddy Yeddula Also directs: Velugu Power Solutions Private Limited | Additional Director | 01 Jan 2018 | 8 Years 10 Months | As last reported |
Auditor
Best & Crompton Engineering Projects Limited is audited by Venkat & Rangaa LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Venkat & Rangaa LLP | FY 2022 | 004597S |
Shareholding
The shareholding of Best & Crompton Engineering Projects Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Best & Crompton Engineering Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2013 | 10411423 | Corporation Bank | ₹12 Cr | Open | |
| 12 Oct 2011 | 10312506 | Central Bank of India | ₹300 Cr | Open | |
| 02 Dec 2010 | 10255630 | Central Bank of India | ₹128 Cr | Open | |
| 22 Nov 2006 | 10031500 | The Federal Bank Ltd | ₹27.5 Cr | Open | |
| 07 Nov 2001 | 90285466 | Global Trust Bank Ltd. | ₹16 Cr | Open |
To see the full charge records of Best & Crompton Engineering Projects Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Best & Crompton Engineering Projects Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹116.68 Cr; the latest was in March 2011.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Bhavyanagr Investments & Trading Private Limited Seller: an individual |
| Jul 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Best & Crompton Engg. Limited |
| Mar 2010 | Funding round | ₹7.94 Cr | Investors: Best & Crompton Engg. Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Micropart International Limited Seller: Mayspring Investments Limited |
To see the full deal history of Best & Crompton Engineering Projects 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
Best & Crompton Engineering Projects Limited has 65 court cases on record: 54 filed by Best & Crompton Engineering Projects, 11 filed against it. 8 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 6 | 2 |
| High courts | 28 | 4 | 6 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Rail Vikas Nigam Ltd | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Rail Vikas Nigam Limited | Pending |
| High Court | Court case (CSA) | Filed against the company by Power Grid Corporation of India Limited Raunak Singhvi | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Rail Vikas Nigam Limited | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Central Bank of India | Disposed |
To see the full case history of Best & Crompton Engineering Projects 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 Best & Crompton Engineering Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Best & Crompton Engineering Projects Limited has a workforce of 3 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Best & Crompton Engineering Projects has 11 GST registrations: 1 active and 10 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCB5248H1ZX | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Best & Crompton Engineering Projects Limited, buy the company report.
Recent activity
Best & Crompton Engineering Projects Limited has 25 board changes on record since 2007: 3 appointments and 22 cessations. The latest: Shailee Bagga ceased to be Company Secretary on 05 Jun 2021.
39 earlier events are in the company report.
Frequently asked questions
Best & Crompton Engineering Projects 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.
Best & Crompton Engineering Projects is a company under insolvency, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 21 October 1999 and is registered under CIN U28920TN1999PLC043385. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Best & Crompton Engineering Projects has 3 current directors and KMP:
- Alugolla Srinivasreddy - Additional Director
- Nerendra Reddy Yeddula - Additional Director
- Seshagiri Rao Ippagunta - Ceo
The latest financial statements of Best & Crompton Engineering Projects 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 Best & Crompton Engineering Projects is U28920TN1999PLC043385. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Best & Crompton Engineering Projects has open charges of ₹493.5 Cr and satisfied charges of ₹133.15 Cr as per latest MCA filings.
Best & Crompton Engineering Projects has 65 court cases on record: 54 filed by the company and 11 filed against it. 8 are pending. Most are in the district courts.
Best & Crompton Engineering Projects was incorporated on 21 October 1999. It is registered with the Registrar of Companies, Chennai.
Best & Crompton Engineering Projects has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹116.68 Cr; the latest was in March 2011.
Shailee Bagga ceased to be Company Secretary on 05 Jun 2021. Seshagiri Rao Ippagunta was appointed as CEO on 16 Dec 2020. Narsimulu Karka ceased to be Additional Director on 05 Jun 2020. Best & Crompton Engineering Projects has 25 board changes on record in total.
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