Nu-Tech Corporate Services Limited
About Nu-Tech Corporate Services Limited
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Nu-Tech Corporate Services Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 21 February 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65920MH1989PLC050740. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from BSE on 24 Feb 2023 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹12 Cr. It is led by directors including Rameshwar Bairwa and Kuldeep Khandelwal.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹35,652, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹6.21 Lakh and EBITDA of ₹7,027 (EBITDA margin 19.7%). Revenue has declined at a compounded annual rate (CAGR) of 75% over three years.
As per MCA filings, the company has open charges of ₹65.55 Cr on record. Court records list 32 cases involving the company, including 16 filed by the company and 16 filed against it; 2 cases are pending. The company has 23 deals on record (23 market trades); the latest was in June 2011.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Nu-Tech Corporate Services Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFirst Floor Bandukwala Building British Hotel Lane Bombay Stock Exchang, E Fort, Mumbai, Maharashtra, India – 400001
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Nu-Tech Corporate Services 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 Nu-Tech Corporate Services Limited
FY 2017 filings availableNu-Tech Corporate Services Limited reported revenue of ₹35,652 (up 8% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 75%. EBITDA rose 125% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹35,652 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹7,027 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹6.21 Lakh | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 19.7% | ||
| Net Profit Margin | |||
| 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 Nu-Tech Corporate Services Limited, buy the company report.
Board of directors of Nu-Tech Corporate Services Limited
Nu-Tech Corporate Services has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rameshwar Bairwa Also directs: Satyamitra Corporate Services Limited | Director | 31 Mar 2015 | 11 Years 7 Months | Current |
| Kuldeep Khandelwal Also directs: Satyamitra Corporate Services Limited | Additional Director | 13 Jun 2019 | 7 Years 4 Months | Current |
| Sanjay Nagwanshi Also directs: Satyamitra Corporate Services Limited | Additional Director | 13 Jun 2019 | 7 Years 4 Months | Current |
Auditor
Nu-Tech Corporate Services Limited is audited by N.R.KRISHNAMOORTHY&CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.R.KRISHNAMOORTHY&CO | FY 2017 | 001492S |
Shareholding
The shareholding of Nu-Tech Corporate Services Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nu-Tech Corporate Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2000 | 80066489 | Central Bank of India | ₹24 Cr | Open | |
| 18 Dec 1997 | 90213120 | Dena Bank | ₹22.75 Cr | Open | |
| 02 Aug 1996 | 90212906 | Small Industries Devlopment Bank of India | ₹2 Cr | Open | |
| 02 Feb 1996 | 90212818 | The Catholic Syrian Bank Ltd. | ₹1 Cr | Open | |
| 21 Nov 1995 | 90212775 | The North Kanara G.S. B.; Co-Operetive Bank Ltd; | ₹1 Cr | Open |
To see the full charge records of Nu-Tech Corporate Services Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Nu-Tech Corporate Services Limited has 23 deals on record (23 market trades); the latest was in June 2011.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2007 | Market trade | ₹2.4 Lakh | Buyer: JMP Securities Private Limited |
| Aug 2007 | Market trade | ₹22.8 Lakh | Buyer: an individual Seller: Latin Manharlal Sec Pvt Ltd, JMP Securities Private Limited , an individual |
| Aug 2007 | Market trade | ₹93.3 Lakh | Buyer: JMP Securities Private Limited , Latin Manharlal Sec Pvt Ltd, 2 individuals Seller: Ashok Finstock Limited , JMP Securities Private Limited , Comet Investment Private Limited , an individual |
| Aug 2007 | Market trade | ₹1.9 Lakh | Buyer: an individual Seller: JMP Securities Private Limited |
| Jul 2007 | Market trade | ₹69.2 Lakh | Buyer: Spj Stockbrokers Pvt Ltd, Kamlesh I Jain Huf, 2 individuals Seller: Industrial Investment Trust Limited , JMP Securities Private Limited |
To see the full deal history of Nu-Tech Corporate Services 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
Nu-Tech Corporate Services Limited has 32 court cases on record: 16 filed by Nu-Tech Corporate Services, 16 filed against it. 2 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 13 | 0 |
| District courts | 9 | 3 | 2 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Sicom Ltd | Disposed |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed by the company against M/S. Tribology India Ltd., | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Union Bank of India | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Ashok Organic Industries Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Euro Cotspin Ltd 6 Others | Disposed |
To see the full case history of Nu-Tech Corporate Services 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 Nu-Tech Corporate Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nu-Tech Corporate Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Nu-Tech Corporate Services Limited, buy the company report.
Recent activity
Nu-Tech Corporate Services Limited has 13 board changes on record since 2005: 8 appointments and 5 cessations. The latest: Kuldeep Khandelwal was appointed as Additional Director on 13 Jun 2019.
21 earlier events are in the company report.
Frequently asked questions
Nu-Tech Corporate Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 21 February 1989 (37+ years old) and is registered under CIN L65920MH1989PLC050740.
Nu-Tech Corporate Services has 3 current directors:
- Rameshwar Bairwa - Director
- Kuldeep Khandelwal - Additional Director
- Sanjay Nagwanshi - Additional Director
The latest financial statements of Nu-Tech Corporate Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Nu-Tech Corporate Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Nu-Tech Corporate Services is L65920MH1989PLC050740. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nu-Tech Corporate Services is recorded as a listed company by MCA, but its shares were delisted from BSE on 24 Feb 2023 · compulsory delisting, and no longer trade on a stock exchange.
Nu-Tech Corporate Services has 32 court cases on record: 16 filed by the company and 16 filed against it. 2 are pending. Most are in the high courts.
Nu-Tech Corporate Services was incorporated on 21 February 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Nu-Tech Corporate Services has 23 deals on record (23 market trades); the latest was in June 2011.
Kuldeep Khandelwal was appointed as Additional Director on 13 Jun 2019. Manoj Gupta ceased to be Director on 13 Jun 2019. Ragini Gupta ceased to be Director on 13 Jun 2019. Nu-Tech Corporate Services has 13 board changes on record in total.
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