About Pipecandy Technologies Private Limited
Data last updated:
Pipecandy Technologies Private Limited is a foreign private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Pipecandy Inc. 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 application development and software solutions segment of the technology and IT services sector. It was incorporated on 16 February 2016.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2016FTC104160. Its GSTIN is 33AAICP5060C1ZS (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Murali Vivekanandan and Benjamin Paul Collier.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹21.85 Cr, a growth of 83% compared to the previous year. For the same year it recorded a net profit of ₹2.03 Cr (net margin 9.3%) and EBITDA of ₹2.98 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 103% over three years and 43% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Pipe Candy.
The last known website on record is pipecandy.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOld No 9 New No 17 Seethammal Road Seethammal Colony Alwa, Rpet, Chennai, Tamil Nadu, India – 600032
- IndustryInformation Technology, Application Development & Software Solutions
- 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
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Business Activity of Pipecandy Technologies Private Limited
The main business activity of Pipecandy Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Pipecandy Technologies Private Limited FY 2023 filings available
Pipecandy Technologies Private Limited reported revenue of ₹21.85 Cr (up 83% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Pipecandy Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 83% growth in the latest year. EBITDA rose 88% 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 of Pipecandy Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.03 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Pipecandy Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pipecandy Technologies are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Pipecandy Technologies Private Limited
Pipecandy Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Said Technologies Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Focaloid Technologies Private Limited | •••• | •••• | •••• | •••• | 86 | Kakkanad, Kerala, India |
| Microware Computing & Consulting Private Limited | •••• | •••• | •••• | •••• | 121 | New Delhi, Delhi, India |
| Comprinno Technologies Private Limited | •••• | •••• | •••• | •••• | 59 | Bangalore, Karnataka, India |
| Credencys Solutions Private Limited | •••• | •••• | •••• | •••• | 42 | Ahmedabad, Gujarat, India |
| Pipecandy Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Diksha Windsor Computers Private Limited. | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Aln Billing Private Limited | •••• | •••• | •••• | •••• | 677 | Mumbai, Maharashtra, India |
| Sydac Simulation Technologies India Private Limited | •••• | •••• | •••• | •••• | 56 | Pune, Maharashtra, India |
| Keen and Able Computers Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Savic Technologies Private Limited | •••• | •••• | •••• | •••• | 134 | Navi Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Pipecandy Technologies by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Pipecandy Technologies Private Limited
Pipecandy Technologies Private Limited is audited by HSA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HSA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Pipecandy Technologies Private Limited
Pipecandy Technologies has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Murali Vivekanandan | Director | 16 Feb 2016 | 10 Years 7 Months | As last reported |
| Benjamin Paul Collier | Director | 29 Oct 2021 | 4 Years 11 Months | As last reported |
| Chitra Srinivas | Irp/Rp/Liquidator | 01 Jul 2024 | 2 Years 3 Months | As last reported |
Ownership and Shareholding of Pipecandy Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Pipecandy Technologies Private Limited
Pipecandy Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Pipecandy Technologies Private Limited
Pipecandy Technologies operates one associated brand: Pipe Candy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Outbound prospecting tool for sales automation via machine learning. | pipecandy.com |
Employees and EPFO Compliance at Pipecandy Technologies Private Limited
Pipecandy Technologies Private Limited has a workforce of 2 employees as of Mar 28, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Pipecandy Technologies Private Limited
Recent Activity on Pipecandy Technologies Private Limited
Pipecandy Technologies Private Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Chitra Srinivas was appointed as Irp/Rp/Liquidator on 01 Jul 2024.
Credit Ratings, Litigation & Regulatory Alerts for Pipecandy Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Pipecandy Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Pipecandy Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Pipecandy Technologies Private Limited
Pipecandy Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICP5060C1ZS | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Pipecandy Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Pipecandy Technologies Private Limited
Pipecandy Technologies 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.
Pipecandy Technologies is a company under liquidation, formerly operating as a foreign private limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 16 February 2016 and is registered under CIN U74999TN2016FTC104160. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pipecandy Technologies reported revenue of ₹21.85 Cr for FY 2023 (up 83% YoY).
Pipecandy Technologies has 3 current directors:
- Murali Vivekanandan - Director
- Benjamin Paul Collier - Director
- Chitra Srinivas - Irp/Rp/Liquidator
Pipecandy Technologies reported a net profit of ₹2.03 Cr (net margin 9.3%) and EBITDA of ₹2.98 Cr (EBITDA margin 13.6%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pipecandy Technologies is 103% over three years and 43% over five years. In the latest year (FY 2023) revenue rose 83%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Pipecandy Technologies is U74999TN2016FTC104160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pipecandy Technologies was incorporated on 16 February 2016. It is registered with the Registrar of Companies, Chennai.
The peers of Pipecandy Technologies by revenue are Said Technologies Private Limited, Focaloid Technologies Private Limited, Microware Computing & Consulting Private Limited, Comprinno Technologies Private Limited, Credencys Solutions Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Chitra Srinivas was appointed as Irp/Rp/Liquidator on 01 Jul 2024. Ashwin Ramasamy ceased to be Director on 19 Mar 2024. Benjamin Paul Collier ceased to be Nominee Director on 30 Sep 2022. Pipecandy Technologies has 5 board changes on record in total.
Pipecandy Technologies can be reached through the website pipecandy.com. Its registered office is in Chennai, Tamil Nadu, India.