About Pipefield India Private Limited
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Pipefield India Private Limited is a private limited company based in Ernakulam, Kerala, India, a subsidiary of Roofco Trading Company Private Limited. 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 pipe and tubes segment of the manufacturing sector. It was incorporated on 03 April 2013.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U28110KL2013PTC033705. Its GSTIN is 32AAHCP9150E1ZK (Kerala).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.95 Cr. It is led by directors Ajith Bhaskaran (Managing Director) and Anupama Ajith.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 35/762 Pipe Field North Janatha Road Palarivattom P.O., Ernakulam, Kerala, India – 682025.
As per the financials filed for FY 2021, the company reported a revenue of ₹140.57 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net loss of ₹37.81 Lakh (net margin -0.3%) and EBITDA of ₹2.4 Cr (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 107% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹41.63 Cr and satisfied charges of ₹74.54 Lakh on record. Court records list 1 case involving the company, including 1 filed against it. The company has 5 deals on record (3 rights issues, 2 secondary share transfers); the latest was in March 2020.
The last known website on record is pipefieldgroup.com.
Company details
Contact details
Pipefield India Private Limited's registered office is in Ernakulam, Kerala. Its website is pipefieldgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address35/762 Pipe Field North Janatha Road Palarivattom P.O., Ernakulam, Kerala, India – 682025
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Pipefield India 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 Pipefield India is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Pipefield India Private Limited, buy the company report.
Financials of Pipefield India Private Limited
FY 2021 filings availablePipefield India Private Limited reported revenue of ₹140.57 Cr (up 27% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 107% over five years, including 27% growth in the latest year. EBITDA fell 3% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹140.57 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹37.81 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | -0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Pipefield India Private Limited, buy the company report.
Board of directors of Pipefield India Private Limited
Pipefield India has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajith Bhaskaran | Managing Director | 03 Apr 2013 | 13 Years 6 Months | As last reported |
| Anupama Ajith | Director | 03 Apr 2013 | 13 Years 6 Months | As last reported |
Auditor
Pipefield India Private Limited is audited by K VENKATACHALAM AIYER & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K VENKATACHALAM AIYER & CO | FY 2021 | 004610S |
Shareholding
The shareholding of Pipefield India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pipefield India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2023 | 100720116 | Others | ₹26 Lakh | Open | |
| 24 Nov 2021 | 100514847 | State Bank of India | ₹1.94 Cr | Open | |
| 15 Mar 2021 | 100430001 | Others | ₹10.96 Lakh | Open | |
| 15 Mar 2021 | 100430000 | Others | ₹2.74 Lakh | Open | |
| 23 Sep 2020 | 100387936 | State Bank of India | ₹3.88 Cr | Open |
To see the full charge records of Pipefield India Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Pipefield India Private Limited has 5 deals on record (3 rights issues, 2 secondary share transfers); the latest was in March 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Rights issue | ₹1.15 Cr | Investors: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Roofco Trading Company Private Limited & Ajith Bhaskaran Seller: an individual |
| Feb 2018 | Rights issue | ₹2.05 Cr | Investors: Roofco Trading Company Private Limited |
| Oct 2015 | Rights issue | ₹6.65 Cr | Investors: Roofco Trading Company Private Limited |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: Roofco Trading Company Private Limited , Roofco Trading Company Private Limited & Bhaskaran Padinjarayil Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pipefield India Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kottayam, Kerala | Civil suit | Filed against the company by NJT Finance Pvt.Ltd | Disposed |
To see the full case history of Pipefield India 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 Pipefield India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pipefield India Private Limited has a workforce of 11 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Pipefield India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAHCP9150E1ZK | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pipefield India Private Limited, buy the company report.
Recent activity
Pipefield India Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Vanaja Bhaskaran ceased to be Director on 25 Mar 2023.
8 earlier events are in the company report.
Frequently asked questions
Pipefield 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.
Pipefield India is a company under insolvency, formerly operating as a private limited company based in Ernakulam, Kerala, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 03 April 2013 and is registered under CIN U28110KL2013PTC033705. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pipefield India has 2 current directors:
- Ajith Bhaskaran - Managing Director
- Anupama Ajith - Director
The latest financial statements of Pipefield India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pipefield India is U28110KL2013PTC033705. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pipefield India has open charges of ₹41.63 Cr and satisfied charges of ₹74.54 Lakh as per latest MCA filings.
Pipefield India has 1 court case on record: 1 filed against it.
Pipefield India was incorporated on 03 April 2013. It is registered with the Registrar of Companies, Ernakulam.
Pipefield India has 5 deals on record (3 rights issues, 2 secondary share transfers); the latest was in March 2020.
Vanaja Bhaskaran ceased to be Director on 25 Mar 2023. Ajith Bhaskaran ceased to be Director on 09 Aug 2022. Bhaskaran Padinjarayil ceased to be Managing Director on 09 Aug 2022. Pipefield India has 6 board changes on record in total.