Pipavav Technical Services Private Limited
About Pipavav Technical Services Private Limited
Data last updated:
Pipavav Technical Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Starwort Engineers Private Limited. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 01 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2008PTC177196. The company has 1 GST registration on record, which is no longer active.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 Gautam Balvantgiri Goswami and Chandresh Kanaiyalal Popat.
Its last annual general meeting (AGM) was held on 29 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 511 Vyapar Bhavan 5th Floor 49 P.D'Mello Road Carnac Bunder Masjid (E), Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2019, the company reported a revenue of ₹21.65 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹34.18 Lakh (net margin 1.6%) and EBITDA of ₹25.35 Lakh (EBITDA margin 1.2%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 6% over five years.
The company has about 828 employees on its provident fund (EPFO) records.
Court records list 7 cases involving the company, including 7 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Pipavav Technical Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address511 Vyapar Bhavan 5th Floor 49 P.D'Mello Road Carnac Bunder Masjid (E), Mumbai, Maharashtra, India – 400009
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Pipavav Technical Services 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
Business activity
The main business activity of Pipavav Technical Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Pipavav Technical Services Private Limited, buy the company report.
Financials of Pipavav Technical Services Private Limited
FY 2019 filings availablePipavav Technical Services Private Limited reported revenue of ₹21.65 Cr (down 15% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 15% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.65 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹25.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹34.18 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | 1.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Pipavav Technical Services Private Limited, buy the company report.
Board of directors of Pipavav Technical Services Private Limited
Pipavav Technical Services has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Balvantgiri Goswami Also directs: Pipavav Business Management Private Limited | Director | 15 Oct 2016 | 10 Years 0 Months | Current |
| Umeshkumar Vasantray Bhatt | Additional Director | 16 Mar 2020 | 6 Years 7 Months | Current |
| Arup Ashok Gupta Also directs: Pipavav Business Management Private Limited, Reliance Power Limited, Reliance Underwater Systems Private Limited and 5 more | Additional Director | 16 Mar 2020 | 6 Years 7 Months | Current |
| Chandresh Kanaiyalal Popat Also directs: Pipavav Business Management Private Limited | Director | 29 Sep 2011 | 15 Years 1 Months | Current |
| Shailesh Arvindbhai Mandaliya Also directs: Pipavav Business Management Private Limited | Director | 18 Nov 2016 | 9 Years 11 Months | Current |
Auditor
Pipavav Technical Services Private Limited is audited by G P S & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G P S & ASSOCIATES | FY 2019 | 121344W |
Shareholding
The shareholding of Pipavav Technical Services Private Limited is on record for 5 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 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pipavav Technical Services Private Limited, buy the company report.
Legal cases
Pipavav Technical Services Private Limited has 7 court cases on record: 7 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Pending |
| District court, Amreli, Gujarat | Court case (WC-MIS-LC) | Filed against the company by an individual | Disposed |
| District court, Amreli, Gujarat | Court case (WC-MIS-LC) | Filed against the company by an individual | Disposed |
| District court, Amreli, Gujarat | Court case (WC-MIS-LC) | Filed against the company by an individual | Disposed |
| District court, Amreli, Gujarat | Court case (WC-MIS-LC) | Filed against the company by an individual | Disposed |
To see the full case history of Pipavav Technical Services 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 Pipavav Technical Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pipavav Technical Services Private Limited has a workforce of 828 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Pipavav Technical 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 Pipavav Technical Services Private Limited, buy the company report.
Recent activity
Pipavav Technical Services Private Limited has 19 board changes on record since 2009: 5 appointments and 14 cessations. The latest: Umeshkumar Vasantray Bhatt ceased to be Additional Director on 28 Jul 2020.
10 earlier events are in the company report.
Frequently asked questions
Pipavav Technical Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 01 January 2008 (18+ years old) and is registered under CIN U74900MH2008PTC177196.
Pipavav Technical Services has 5 current directors:
- Gautam Balvantgiri Goswami - Director
- Umeshkumar Vasantray Bhatt - Additional Director
- Arup Ashok Gupta - Additional Director
- Chandresh Kanaiyalal Popat - Director
- Shailesh Arvindbhai Mandaliya - Director
The latest financial statements of Pipavav Technical Services on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 29 September 2019. Year-wise statements from 2015 are in the company report.
No. Pipavav Technical Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Pipavav Technical Services is U74900MH2008PTC177196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pipavav Technical Services has 7 court cases on record: 7 filed against it. 1 is pending. Most are in the district courts.
Pipavav Technical Services was incorporated on 01 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Umeshkumar Vasantray Bhatt ceased to be Additional Director on 28 Jul 2020. Gautam Balvantgiri Goswami ceased to be Director on 21 Jul 2020. Shailesh Arvindbhai Mandaliya ceased to be Director on 26 Jun 2020. Pipavav Technical Services has 19 board changes on record in total.
The registered office of Pipavav Technical Services is at 511 Vyapar Bhavan 5th Floor 49 P.DMello Road Carnac Bunder Masjid E, Mumbai, Maharashtra, India – 400009.
Pipavav Technical Services operates in the business outsourcing industry, in the HR outsourcing and talent management segment.