About Octamec Engineering Limited
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Octamec Engineering Limited is a public limited company based in Mumbai, Maharashtra, India. 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 engineering, procurement and construction (epc) segment of the engineering sector. It was incorporated on 29 June 1993.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1993PLC072623.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹2.03 Cr. It is led by directors including Navin Chandra Hegde (Managing Director) and Vilas Khaire.
Its last annual general meeting (AGM) was held on 29 September 2012, and its latest financial statements are for the year ended 31 March 2012. The registered office is at Plot No. 10/49 Nr. Marol Industrial Estate Andheri East, Mumbai, Maharashtra, India – 400059.
As per MCA filings, the company has open charges of ₹385 Cr and satisfied charges of ₹166.15 Cr on record. Court records list 99 cases involving the company, including 5 filed by the company and 94 filed against it; 11 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹33.24 Cr; the latest was in February 2012.
The last known website on record is octamec.com.
Company details
Contact details
Octamec Engineering Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressPlot No. 10/49 Nr. Marol Industrial Estate Andheri East, Mumbai, Maharashtra, India – 400059
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
- 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 Octamec Engineering Limited
FY 2012 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Octamec Engineering Limited, buy the company report.
Board of directors of Octamec Engineering Limited
Octamec Engineering has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navin Chandra Hegde | Managing Director | 29 Jun 1993 | 33 Years 3 Months | As last reported |
| Vilas Khaire Also directs: K Vilas Warehousing & Logistics Private Limited | Additional Director | 24 Mar 2014 | 12 Years 7 Months | As last reported |
| Vinod Baburao Jadhav | Additional Director | 18 Mar 2014 | 12 Years 7 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2013 | 10420140 | Indian Bank | ₹6 Cr | Open | |
| 25 Oct 2012 | 10387228 | Reliance Asset Reconstruction Company Limited | ₹40 Cr | Open | |
| 27 Sep 2012 | 10381965 | Indian Overseas Bank | ₹50 Cr | Open | |
| 15 Sep 2011 | 10310512 | Dhanalaxmi Bank Limited | ₹24 Cr | Open | |
| 05 Jul 2011 | 10301980 | L & T Finance Limited | ₹10 Cr | Open |
To see the full charge records of Octamec Engineering Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Octamec Engineering Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹33.24 Cr; the latest was in February 2012.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2012 | Secondary share transfer | Undisclosed | Buyer: Sentinel Rolling Shutter And Engineering Company Private Limited Seller: Swiss Technology Capital Fund Private Limited |
| Oct 2011 | Funding round | ₹21.78 Cr | Investors: Lambodar Infra Project Developers Private Limited , Raja Ganapati Infra project Developers Private Limited, Manomay Infra Projects Private Limited |
| Jul 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Apr 2006 | Funding round | ₹11.46 Cr | Investors: Swiss Technology Capital Fund Private Limited, Others - Octamec Engineering Limited, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Octamec Engineering Limited has 99 court cases on record: 5 filed by Octamec Engineering, 94 filed against it. 11 cases are pending and 88 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 75 | 70 | 9 |
| High courts | 24 | 24 | 2 |
Cases on record (5 of 99)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Chamber Summons) | Filed against the company by Bhushan Power and Steel Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Reliance Asset Reconstruction Company Limited | Pending |
| Bombay High Court | Court case (CHS) | Filed against the company by Tata Capital Financial Services Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Bhushan Power and Steel Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Chamber Summons) | Filed against the company by Bhushan Power and Steel Ltd. | Disposed |
To see the full case history of Octamec Engineering 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.
Credit ratings & regulatory alerts
Octamec Engineering Limited was last rated by Icra on 12 May 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 12 May 2015 |
To see the full credit ratings and regulatory alerts of Octamec Engineering Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Octamec Engineering Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Octamec Engineering Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Octamec Engineering Limited has 8 board changes on record since 1993: 3 appointments and 5 cessations. The latest: Vilas Khaire was appointed as Additional Director on 24 Mar 2014.
34 earlier events are in the company report.
Frequently asked questions
Octamec Engineering 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.
Octamec Engineering is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in engineering, procurement and construction (epc), within the engineering industry. It was incorporated on 29 June 1993 and is registered under CIN U99999MH1993PLC072623. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Octamec Engineering has 3 current directors:
- Navin Chandra Hegde - Managing Director
- Vilas Khaire - Additional Director
- Vinod Baburao Jadhav - Additional Director
The latest financial statements of Octamec Engineering on record with the MCA are for the year ended 31 March 2012. Its last annual general meeting was held on 29 September 2012. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Octamec Engineering is U99999MH1993PLC072623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Octamec Engineering has open charges of ₹385 Cr and satisfied charges of ₹166.15 Cr as per latest MCA filings.
Octamec Engineering has 99 court cases on record: 5 filed by the company and 94 filed against it. 11 are pending. Most are in the district courts.
Octamec Engineering was incorporated on 29 June 1993. It is registered with the Registrar of Companies, Mumbai.
Octamec Engineering has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹33.24 Cr; the latest was in February 2012.
Vilas Khaire was appointed as Additional Director on 24 Mar 2014. Vinod Baburao Jadhav was appointed as Additional Director on 18 Mar 2014. Samarth Navin Hegde ceased to be Whole-Time Director on 13 Mar 2014. Octamec Engineering has 8 board changes on record in total.