Ovel Education Private Limited
About Ovel Education Private Limited
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Ovel Education Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the corporate training and development segment of the education sector. It was incorporated on 12 December 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2006PTC156481. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rajiv Jain and Lalit Harilal Balchandani.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 814 New Delhi House Barakhamba Road Connaught Place, Delhi, India – 110001.
As per the financials filed for FY 2019, the company reported a revenue of ₹25.86 Lakh, a decline of 55% compared to the previous year. For the same year it recorded a net profit of ₹17,839 (net margin 0.7%) and EBITDA of ₹2.45 Lakh (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years.
As per MCA filings, the company has open charges of ₹10 Lakh on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ovel Education Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address814 New Delhi House Barakhamba Road Connaught Place, Delhi, India – 110001
- IndustryEducation, Corporate Training & Development
To see the full contact details of Ovel Education Private 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 Ovel Education Private Limited
FY 2019 filings availableOvel Education Private Limited reported revenue of ₹25.86 Lakh (down 55% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 55% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 60% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹25.86 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.45 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17,839 | ||||
| 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.5% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Ovel Education Private Limited, buy the company report.
Board of directors of Ovel Education Private Limited
Ovel Education has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Jain Also directs: Ani Trans-Trade Global Private Limited | Director | 28 Feb 2007 | 19 Years 8 Months | Current |
| Lalit Harilal Balchandani | Director | 05 Apr 2019 | 7 Years 7 Months | Current |
| Anita Jain Also directs: Ani Trans-Trade Global Private Limited | Director | 24 Jun 2015 | 11 Years 4 Months | Current |
Auditor
Ovel Education Private Limited is audited by VIKAS GAUR & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIKAS GAUR & CO | FY 2019 | 022571N |
Shareholding
The shareholding of Ovel Education Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ovel Education Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jun 2012 | 10358059 | Bank of Maharashtra | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Ovel Education Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by M/S HDFC Bank Ltd | Disposed |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by M/S HDFC Bank Ltd. | Disposed |
To see the full case history of Ovel Education Private 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 Ovel Education Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ovel Education 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 Ovel Education Private Limited, buy the company report.
Recent activity
Ovel Education Private Limited has 6 board changes on record since 2007: 3 appointments and 3 cessations. The latest: Lalit Harilal Balchandani ceased to be Additional Director on 31 Dec 2020.
Frequently asked questions
Ovel Education is an active private limited company based in New Delhi, Delhi, India. The company works in corporate training and development, within the education industry. It was incorporated on 12 December 2006 (20+ years old) and is registered under CIN U72900DL2006PTC156481.
Ovel Education has 3 current directors:
- Rajiv Jain - Director
- Lalit Harilal Balchandani - Director
- Anita Jain - Director
The latest financial statements of Ovel Education on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Ovel Education has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Ovel Education is U72900DL2006PTC156481. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ovel Education has 3 court cases on record: 3 filed against it.
Ovel Education was incorporated on 12 December 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Lalit Harilal Balchandani ceased to be Additional Director on 31 Dec 2020. Lalit Harilal Balchandani was appointed as Director on 05 Apr 2019. Sanjay Jain ceased to be Director on 07 Mar 2016. Ovel Education has 6 board changes on record in total.
The registered office of Ovel Education is at 814 New Delhi House Barakhamba Road Connaught Place, Delhi, India – 110001.
Ovel Education operates in the education industry, in the corporate training and development segment.
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