About Recoin Technology Private Limited
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Recoin Technology Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 03 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74110TN2016PTC113158. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Varadaaz Private Limited. It is led by directors Karunanithi Murugesan and Raja Muralidharan.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at G.S.Towers New No.24 Old No.116 Second Floor Fourth Street Abhiramapuram, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2021, the company reported a revenue of ₹27.29 Lakh, a decline of 67% compared to the previous year. For the same year it recorded a net profit of ₹4.99 Lakh (net margin 18.3%) and EBITDA of ₹4.99 Lakh (EBITDA margin 18.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website recointech.com.
Company details
CIN history
Recoin Technology has one previous CIN (Corporate Identification Number): U15100TN2016PTC113158. The current CIN is U74110TN2016PTC113158, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110TN2016PTC113158 | Current |
| U15100TN2016PTC113158 | Previous |
Contact details
Recoin Technology Private Limited's registered office is in Chennai, Tamil Nadu. Its website is recointech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG.S.Towers New No.24 Old No.116 Second Floor Fourth Street Abhiramapuram, Chennai, Tamil Nadu, India – 600018
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Recoin Technology 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 Recoin Technology is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Recoin Technology Private Limited, buy the company report.
Financials of Recoin Technology Private Limited
FY 2021 filings availableRecoin Technology Private Limited reported revenue of ₹27.29 Lakh (down 67% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 67% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 113% 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
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| EBITDA | ₹4.99 Lakh | ||||
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| Net Profit (PAT) | ₹4.99 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 18.3% | ||||
| Net Profit Margin | 18.3% | ||||
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To see the full financial statements and ratios of Recoin Technology Private Limited, buy the company report.
Board of directors of Recoin Technology Private Limited
Recoin Technology has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karunanithi Murugesan | Additional Director | 05 Oct 2021 | 5 Years 0 Months | Current |
| Raja Muralidharan Also directs: Kallal Agro Processers Private Limited | Additional Director | 05 Oct 2021 | 5 Years 0 Months | Current |
Shareholding
The shareholding of Recoin Technology Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Recoin Technology Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Recoin Technology Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Recoin Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Recoin Technology 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 Recoin Technology Private Limited, buy the company report.
Recent activity
Recoin Technology Private Limited has 12 board changes on record since 2016: 7 appointments and 5 cessations. The latest: Kameshwaran ceased to be Director on 07 Oct 2021.
3 earlier events are in the company report.
Frequently asked questions
Recoin Technology is an active private limited company based in Chennai, Tamil Nadu, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 03 November 2016 (10+ years old) and is registered under CIN U74110TN2016PTC113158.
Recoin Technology has 2 current directors:
- Karunanithi Murugesan - Additional Director
- Raja Muralidharan - Additional Director
The latest financial statements of Recoin Technology on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from FY 2017 are in the company report.
No. Recoin Technology has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Recoin Technology is U74110TN2016PTC113158. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Recoin Technology was incorporated on 03 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
Kameshwaran ceased to be Director on 07 Oct 2021. Nainar Manoj ceased to be Director on 07 Oct 2021. Karunanithi Murugesan was appointed as Additional Director on 05 Oct 2021. Recoin Technology has 12 board changes on record in total.
Recoin Technology can be reached through the website recointech.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Recoin Technology is at G.S.Towers New No.24 Old No.116 Second Floor Fourth Street Abhiramapuram, Chennai, Tamil Nadu, India – 600018.
Recoin Technology operates in the consumer goods industry, in the accessories retail and distribution segment.