About Opto Circuits (India) Limited
Data last updated:
Opto Circuits (India) Limited is a public limited company based in Bangalore, Karnataka, 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 medical and laboratory equipment segment of the healthcare sector. It was incorporated on 08 June 1992.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L85110KA1992PLC013223. The company has 2 GST registrations on record, none of which is active. It is recorded as listed by MCA, but trading in its shares on BSE (532391) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹375 Cr and a paid-up capital of ₹300.63 Cr. It was formerly known as Opto Circuits (India) Private Limited. It is led by directors including Gottigere Chandrashekar Somadas (Managing Director) and Vinod Ramnani.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Plot No.83 Electronics City Bangalore South ., Karnataka, India – 560100.
As per the financials filed for FY 2020, the company reported a revenue of ₹65.55 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹1,379.58 Cr and EBITDA of -₹1,345.09 Cr. Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 31% over five years.
The company has about 234 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Opto Circuits. As per MCA filings, the company has open charges of ₹1,469.66 Cr and satisfied charges of ₹249.44 Cr on record. Court records list 92 cases involving the company, including 24 filed by the company and 68 filed against it; 8 cases are pending. The company has 50 deals on record (41 market trades, 6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹602.89 Cr; the latest was in January 2019. Its 4 peer companies in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 3 larger and 1 smaller; the largest is Ti Medical Private Limited with revenue of ₹195.88 Cr.
The last known website on record is optocircuits.com.
Company details
CIN history
Opto Circuits (India) has one previous CIN (Corporate Identification Number): L85110KA1992PTC013223. The current CIN is L85110KA1992PLC013223, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L85110KA1992PLC013223 | Current |
| L85110KA1992PTC013223 | Previous |
Contact details
Opto Circuits (India) Limited's registered office is in Bangalore, Karnataka. Its website is optocircuits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.83 Electronics City Bangalore South ., Karnataka, India – 560100
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Opto Circuits (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
Brands
Opto Circuits (India) operates one associated brand: Opto Circuits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of monitoring and critical care devices for hospitals | optocircuits.com |
Business activity
The main business activity of Opto Circuits (India) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Opto Circuits (India) Limited, buy the company report.
Financials of Opto Circuits (India) Limited
FY 2020 filings availableOpto Circuits (India) Limited reported revenue of ₹65.55 Cr (down 28% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 28% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹65.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1,345.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1,379.58 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| 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 Opto Circuits (India) Limited, buy the company report.
Board of directors of Opto Circuits (India) Limited
Opto Circuits (India) has 4 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gottigere Chandrashekar Somadas Also directs: Eloquent News and Views Private Limited, Ormed Medical Techonology Limited, Devon Innovations Private Limited and 3 more | Managing Director | 26 Apr 2016 | 10 Years 6 Months | As last reported |
| Vinod Ramnani Also directs: Opto Eurocor Healthcare Limited, Opto Cardiac Care Limited | Director | 08 Jun 1992 | 34 Years 4 Months | As last reported |
| Byadarahally Lakshmaiah Pundareeka Also directs: Ormed Medical Techonology Limited, Devon Innovations Private Limited, Altron Hotels Private Limited and 3 more | Additional Director | 13 Jan 2021 | 5 Years 9 Months | As last reported |
| Tippasandra Sridhara Murthy Raghavendra Rao | Director | 31 Dec 2020 | 5 Years 10 Months | As last reported |
Peer comparison
Opto Circuits (India) Limited is compared with the 4 companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ti Medical Private Limited | ₹195.88 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Innovation Imaging Technologies Private Limited | ₹194.54 Cr (FY 2024) | 32.0% | Bangalore, Karnataka, India | |||
| G.S.T.Corporation Limited | ₹189.42 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Ascent Meditech Limited | ₹183.09 Cr (FY 2025) | -12.0% | Dungri, Gujarat, India | |||
| Opto Circuits (India) Limitedthis company | ₹65.55 Cr (FY 2020) | -₹1,379.58 Cr | -28.0% | 234 | Bangalore, Karnataka, India |
To see the full peer comparison of Opto Circuits (India) Limited, buy the company report.
Auditor
Opto Circuits (India) Limited is audited by B. V. SWAMI & Co. for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. V. SWAMI & Co. | FY 2020 | 009151S |
Shareholding
The shareholding of Opto Circuits (India) Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Opto Circuits (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2019 | 100271712 | Others | ₹130 Cr | Open | |
| 04 Apr 2014 | 10501599 | Hdfc Bank Limited | ₹15.5 Cr | Open | |
| 12 Dec 2012 | 10396534 | The Bank of Nova Scotia | ₹100 Cr | Open | |
| 06 Jun 2012 | 10363233 | Hdfc Bank Limited | ₹80 Cr | Open | |
| 09 Dec 2011 | 10326300 | Idbi Bank Limited | ₹110 Cr | Open |
To see the full charge records of Opto Circuits (India) Limited, buy the company report.
Total charge records: 31 View all charges
Deals & funding
Opto Circuits (India) Limited has 50 deals on record (41 market trades, 6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹602.89 Cr; the latest was in January 2019.
Deals on record (5 of 50)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Market trade | ₹4.59 Cr | Buyer: Adroit Financial Services Private Limited , Indus Portfolio Private Limited Seller: Adroit Financial Services Private Limited , Indus Portfolio Private Limited |
| Jul 2016 | Market trade | ₹2.67 Cr | Buyer: Indus Portfolio Private Limited Seller: Indus Portfolio Private Limited |
| Jul 2016 | Market trade | ₹1.69 Cr | Buyer: Indus Portfolio Private Limited Seller: Indus Portfolio Private Limited |
| Jun 2016 | Market trade | ₹3.19 Cr | Buyer: Adroit Financial Services Private Limited , Indus Portfolio Private Limited Seller: Adroit Financial Services Private Limited , Indus Portfolio Private Limited |
| Jun 2016 | Market trade | ₹1.54 Cr | Buyer: Yuga Stocks & Commodities Private Limited Seller: Yuga Stocks & Commodities Private Limited |
To see the full deal history of Opto Circuits (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
Opto Circuits (India) Limited has 92 court cases on record: 24 filed by Opto Circuits (India), 68 filed against it. 8 cases are pending and 84 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 42 | 5 |
| High courts | 40 | 22 | 1 |
| NCLAT | 4 | 4 | 2 |
Cases on record (5 of 92)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Ltd | Pending |
| District court, MYSURU, Karnataka | Criminal complaint | Filed against the company by Cyient DLM Private Limited Represented by Company Secretary Mrs. Parvathi K R | Pending |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed against the company by Print Point India Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Maniranjan Diesel Sales and Service Pvt Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Freyer International Logistics Private Limited | Disposed |
To see the full case history of Opto Circuits (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.
Credit ratings & regulatory alerts
Opto Circuits (India) Limited was last rated by Brickwork on 21 Sep 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 21 Sep 2018 |
To see the full credit ratings and regulatory alerts of Opto Circuits (India) Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Opto Circuits (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Opto Circuits (India) has 3 subsidiary companies. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Opto Eurocor Healthcare Limited | U30007KA1994PLC015355 | |
| Opto Infrastructure Limited | U70102KA2007PLC044004 | |
| Opto Cardiac Care Limited | U85110KA2008PLC047726 |
To see the full group structure of Opto Circuits (India) Limited, buy the company report.
Employees & EPFO
Opto Circuits (India) Limited has a workforce of 234 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
GST
Opto Circuits (India) has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Opto Circuits (India) Limited, buy the company report.
Recent activity
Opto Circuits (India) Limited has 50 board changes on record since 1992: 27 appointments and 23 cessations. The latest: Sharanabasaweshwar Gangadharayya Hiremath ceased to be Additional Director on 17 Aug 2021.
94 earlier events are in the company report.
Frequently asked questions
Opto Circuits (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.
Opto Circuits (India) is a company under insolvency, formerly operating as a public limited company based in Bangalore, Karnataka, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 08 June 1992 and is registered under CIN L85110KA1992PLC013223. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Opto Circuits (India) has 4 current directors:
- Gottigere Chandrashekar Somadas - Managing Director
- Vinod Ramnani - Director
- Byadarahally Lakshmaiah Pundareeka - Additional Director
- Tippasandra Sridhara Murthy Raghavendra Rao - Director
The latest financial statements of Opto Circuits (India) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Opto Circuits (India) is L85110KA1992PLC013223. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Opto Circuits (India) is recorded as a listed company by MCA, but trading in its shares on BSE (532391) has been suspended, so they do not currently trade on a stock exchange.
Opto Circuits (India) has open charges of ₹1,469.66 Cr and satisfied charges of ₹249.44 Cr as per latest MCA filings.
Opto Circuits (India) has 92 court cases on record: 24 filed by the company and 68 filed against it. 8 are pending. Most are in the district courts.
Opto Circuits (India) was incorporated on 08 June 1992. It is registered with the Registrar of Companies, Bangalore.
Opto Circuits (India) has 50 deals on record (41 market trades, 6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹602.89 Cr; the latest was in January 2019.
The peers of Opto Circuits (India) by revenue are Ti Medical Private Limited, Innovation Imaging Technologies Private Limited, G.S.T.Corporation Limited, Ascent Meditech Limited, all in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
