About Techno Kart India Limited
Data last updated:
Techno Kart India Limited is a public limited company based in Aurangabad, Maharashtra, 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 electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 04 December 2003.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2003PLC143371. Its GSTIN is 18AABCE3142P1ZG (Assam). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹162.05 Cr and a paid-up capital of ₹161.24 Cr. It was formerly known as Next Retail India Limited and E Mart India Limited. It is led by directors including Akshit Goswami (Whole-Time Director) and Jitendra Devidasrao Ugle.
Its last annual general meeting (AGM) was held on 18 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Gat No. 82 Chitegaon Tq. Paithan Dist. Aurangabad Village Paithan, Maharashtra, India – 431107.
As per the financials filed for FY 2018, the company reported a revenue of ₹446.74 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹559.14 Cr (net margin -125.2%) and EBITDA of -₹474.41 Cr (EBITDA margin -106.2%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25,582 Cr and satisfied charges of ₹5,771.25 Cr on record. Court records list 249 cases involving the company, including 126 filed by the company and 123 filed against it; 25 cases are pending. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹140.04 Cr; the latest was in March 2016.
The last known website on record is technokartindia.in.
Company details
Name history
Techno Kart India has undergone 2 name changes throughout its history. The company was previously known as Next Retail India Limited, and E Mart India Limited. The current legal name is Techno Kart India Limited.
| Company Name | Status |
|---|---|
| Techno Kart India Limited | Current |
| Next Retail India Limited | Previous |
| E Mart India Limited | Previous |
CIN history
Techno Kart India has one previous CIN (Corporate Identification Number): U51395MH2003PLC143371. The current CIN is U93000MH2003PLC143371, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000MH2003PLC143371 | Current |
| U51395MH2003PLC143371 | Previous |
Contact details
Techno Kart India Limited's registered office is in Aurangabad, Maharashtra. Its website is technokartindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGat No. 82 Chitegaon Tq. Paithan Dist. Aurangabad Village Paithan, Maharashtra, India – 431107
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Techno Kart India 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 Techno Kart India 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 Techno Kart India Limited, buy the company report.
Financials of Techno Kart India Limited
FY 2018 filings availableTechno Kart India Limited reported revenue of ₹446.74 Cr (down 58% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over three years, including a 58% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹446.74 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹474.41 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹559.14 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -106.2% | |||
| Net Profit Margin | -125.2% | |||
| 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 Techno Kart India Limited, buy the company report.
Board of directors of Techno Kart India Limited
Techno Kart India has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Devidasrao Ugle Also directs: Force Appliances Private Limited, Evolve HR Solutions Private Limited, Synergy HR Solutions Private Limited and 2 more | Additional Director | 04 May 2018 | 8 Years 5 Months | As last reported |
| Yashwant Singh | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Akshit Goswami | Whole-Time Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Nitin Shinde | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
Auditor
Techno Kart India Limited is audited by Kadam & Co. for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kadam & Co. | FY 2018 | 104524W |
Shareholding
The shareholding of Techno Kart India Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Techno Kart India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2013 | 10414628 | Sbicap Trustee Company Limited | ₹20,195 Cr | Open | |
| 30 Apr 2012 | 10352181 | Icici Bank Limited | ₹650 Cr | Open | |
| 24 Apr 2012 | 10353434 | State Bank of India | ₹750 Cr | Open | |
| 18 Feb 2012 | 10337615 | Idbi Bank Limited | ₹3,025 Cr | Open | |
| 22 Jul 2011 | 10305803 | Allahabad Bank | ₹90 Cr | Open |
To see the full charge records of Techno Kart India Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Techno Kart India Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹140.04 Cr; the latest was in March 2016.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Vovl Limited , Applicomp (India) Limited , Techno Electronics Limited Seller: Tangent Electronics Private Limited , Videocon Industries Limited , Electroparts Private Limited |
| Feb 2016 | Funding round | ₹50.04 Cr | Investors: Electroparts Private Limited, Greenfield Appliances Private Limited , Tekcare India Private Limited |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: Platinum Appliances Private Limited , Synergy Appliances Private Limited Seller: 2 individuals |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: Indian Refrigerator Company Limited, Tangent Electronics Private Limited Seller: Shree Dhoot Trading and Agencies Ltd , Force Appliances Private Limited , Solitaire Appliances Private Limited |
| Sep 2009 | Funding round | ₹55 Cr | Investors: Videocon Industries Limited |
To see the full deal history of Techno Kart India 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
Techno Kart India Limited has 249 court cases on record: 126 filed by Techno Kart India, 123 filed against it. 25 cases are pending and 224 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 135 | 53 | 4 |
| High courts | 79 | 35 | 3 |
| NCLAT | 24 | 24 | 14 |
| Supreme Court | 9 | 9 | 4 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 249)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gail (India) Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Twin Star Technologies Limited Through Its Authorised Representative 3Rdfloor, Iffco Tower, PL No. 3, Sector 39,Gurugram, Gurgaon,Haryana ,Gurgaon , Haryana | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bank of Maharashtra | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Disposed |
To see the full case history of Techno Kart India 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 Techno Kart India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Techno Kart India Limited has a workforce of 3 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Techno Kart India has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AABCE3142P1ZG | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Techno Kart India Limited, buy the company report.
Recent activity
Techno Kart India Limited has 19 board changes on record since 2008: 4 appointments and 15 cessations. The latest: Akshit Goswami ceased to be Whole-Time Director on 03 Aug 2021.
52 earlier events are in the company report.
Frequently asked questions
Techno Kart India 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.
Techno Kart India is a company under insolvency, formerly operating as a public limited company based in Aurangabad, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 04 December 2003 and is registered under CIN U93000MH2003PLC143371. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Techno Kart India has 4 current directors:
- Akshit Goswami - Whole-Time Director
- Jitendra Devidasrao Ugle - Additional Director
- Yashwant Singh - Additional Director
- Nitin Shinde - Additional Director
The latest financial statements of Techno Kart India on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 18 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Techno Kart India is U93000MH2003PLC143371. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Techno Kart India has open charges of ₹25,582 Cr and satisfied charges of ₹5,771.25 Cr as per latest MCA filings.
Techno Kart India has 249 court cases on record: 126 filed by the company and 123 filed against it. 25 are pending. Most are in the district courts.
Techno Kart India was incorporated on 04 December 2003. It is registered with the Registrar of Companies, Mumbai.
Techno Kart India has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹140.04 Cr; the latest was in March 2016.
Akshit Goswami ceased to be Whole-Time Director on 03 Aug 2021. Nitin Shinde ceased to be Additional Director on 03 Aug 2021. Yashwant Singh ceased to be Additional Director on 03 Aug 2021. Techno Kart India has 19 board changes on record in total.