Sai Infosystem (India) Limited
About Sai Infosystem (India) Limited
Data last updated:
Sai Infosystem (India) Limited is a public limited company based in Ahmedabad, Gujarat, India. 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 IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 01 January 2003.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U30007GJ2003PLC041786. Its GSTIN is 24AAHCS2059R3ZR (Gujarat). The company holds 19 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹9.43 Cr. It was formerly known as Sai Infosystem (India) Private Limited. It is led by directors including Sunilbhai Surendrabhai Kakkad (Managing Director) and Sunilkumar Kamlaprasad Singh.
Its last annual general meeting (AGM) was held on 28 September 2012, and its latest financial statements are for the year ended 31 March 2012. The registered office is at Super Plaza Sandesh Press Road P.O. Bodakdev Vastrapur, Ahmedabad, Gujarat, India – 380054.
As per MCA filings, the company has open charges of ₹2,084.29 Cr and satisfied charges of ₹1,200.53 Cr on record. Court records list 135 cases involving the company, including 17 filed by the company and 118 filed against it; 24 cases are pending. The company has 10 deals on record (6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹217.27 Cr; the latest was in March 2012.
Company details
CIN history
Sai Infosystem (India) has one previous CIN (Corporate Identification Number): U30007GJ2003PTC041786. The current CIN is U30007GJ2003PLC041786, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U30007GJ2003PLC041786 | Current |
| U30007GJ2003PTC041786 | Previous |
Contact details
Sai Infosystem (India) Limited's registered office is in Ahmedabad, Gujarat.
- Registered AddressSuper Plaza Sandesh Press Road P.O. Bodakdev Vastrapur, Ahmedabad, Gujarat, India – 380054
- IndustryInformation Technology, IT Products Retail & Distribution
- 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 Sai Infosystem (India) Limited
FY 2012 filings availableFinancial Statement Summary
| Metrics | FY 2011-12 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | |
| 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 | |
| Cash and Bank Balance | |
| Total Assets | |
Financial Ratios
| Metrics | FY 2011-12 |
|---|---|
| Profitability | |
| EBITDA Margin | |
| Net Profit Margin | |
| Return on Equity (ROE) | |
| Return on Capital Employed (ROCE) | |
| Return on Assets (ROA) | |
| Liquidity and Debt | |
| Current Ratio | |
| Quick Ratio | |
| Debt-to-Equity Ratio | |
| Interest Coverage Ratio | |
| 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 Sai Infosystem (India) Limited, buy the company report.
Board of directors of Sai Infosystem (India) Limited
Sai Infosystem (India) has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunilkumar Kamlaprasad Singh | Director | 27 Jun 2013 | 13 Years 3 Months | As last reported |
| Sunilbhai Surendrabhai Kakkad Also directs: Click Telecom Private Limited. | Managing Director | 01 Feb 2008 | 18 Years 8 Months | As last reported |
| Nilesh Narendrakumar Thakker | Director | 27 Jun 2013 | 13 Years 3 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Apr 2013 | 10424877 | Corporation Bank Ltd | ₹15 Cr | Open | |
| 19 Mar 2013 | 10413624 | Srei Equipment Finance Private Limited | ₹23 Cr | Open | |
| 11 Mar 2013 | 10418676 | State Bank of India | ₹25 Cr | Open | |
| 10 Nov 2012 | 10386691 | Cisco Systems Capital (India) Private Limited | ₹3.19 Cr | Open | |
| 08 Nov 2012 | 10385200 | Bank of Baroda | ₹4 Cr | Open |
To see the full charge records of Sai Infosystem (India) Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Sai Infosystem (India) Limited has 10 deals on record (6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹217.27 Cr; the latest was in March 2012.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Alliant Integrated Products Private Limited Seller: an individual |
| Feb 2012 | Funding round | ₹48.17 Cr | Investors: Primetech Infomatics Private Limited , I-Soft Technocare Private Limited , Tanya Infocontrol Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: E-Zone Infowork Private Limited , Tanya Infocontrol Private Limited , I-Soft Technocare Private Limited Seller: 4 individuals |
| Apr 2008 | Funding round | ₹10 Cr | Investors: Ken Securities Limited , an individual |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Startrek Innovative Products Private Limited |
To see the full deal history of Sai Infosystem (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sai Infosystem (India) Limited has 135 court cases on record: 17 filed by Sai Infosystem (India), 118 filed against it. 24 cases are pending and 111 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 100 | 99 | 20 |
| High courts | 30 | 18 | 2 |
| Supreme Court | 2 | 1 | 0 |
| NCLAT | 2 | 0 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 135)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Reliance Capital Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Siemens Financial Services Pvt Ltd Th.Mr. Amey Purushottam Kudchadkar | Pending |
| Bombay High Court | Court case (CHS) | Filed against the company by Siemens Financial Services Pvt. Ltd. | Pending |
| Bombay High Court | Court case (APP) | Filed against the company by Bharat Sanchar Nigam Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S Srei Equipment Finance Ltd. | Disposed |
To see the full case history of Sai Infosystem (India) 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 Sai Infosystem (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sai Infosystem (India) has 19 GST registrations: 1 active and 18 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCS2059R3ZR | Gujarat | Active | 10 Jul 2020 |
To see the full GST registrations and return filing status of Sai Infosystem (India) Limited, buy the company report.
Recent activity
Sai Infosystem (India) Limited has 18 board changes on record since 2007: 3 appointments and 15 cessations. The latest: Prakash Radheshyam Mishra ceased to be Additional Director on 18 Jun 2014.
50 earlier events are in the company report.
Frequently asked questions
Sai Infosystem (India) 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.
Sai Infosystem (India) is a company under liquidation, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 01 January 2003 and is registered under CIN U30007GJ2003PLC041786. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sai Infosystem (India) has 3 current directors:
- Sunilbhai Surendrabhai Kakkad - Managing Director
- Sunilkumar Kamlaprasad Singh - Director
- Nilesh Narendrakumar Thakker - Director
The latest financial statements of Sai Infosystem (India) on record with the MCA are for the year ended 31 March 2012. Its last annual general meeting was held on 28 September 2012. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sai Infosystem (India) is U30007GJ2003PLC041786. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sai Infosystem (India) has open charges of ₹2,084.29 Cr and satisfied charges of ₹1,200.53 Cr as per latest MCA filings.
Sai Infosystem (India) has 135 court cases on record: 17 filed by the company and 118 filed against it. 24 are pending. Most are in the district courts.
Sai Infosystem (India) was incorporated on 01 January 2003. It is registered with the Registrar of Companies, Ahmedabad.
Sai Infosystem (India) has 10 deals on record (6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹217.27 Cr; the latest was in March 2012.
Prakash Radheshyam Mishra ceased to be Additional Director on 18 Jun 2014. Mahesh Revanappa Janthe ceased to be Additional Director on 04 Dec 2013. Manishkumar Kantilal Patel ceased to be Additional Director on 04 Dec 2013. Sai Infosystem (India) has 18 board changes on record in total.