About Samc Support Services Private Limited
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Samc Support Services Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Principal Financial Group (Mauritius) Private Limited. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the portfolio management services segment of the financial services sector. It was incorporated on 20 November 1991.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U25000MH1991PTC064092. Its GSTIN is 27AAACI9361B1ZQ (Maharashtra). The company held 10 GST registrations, of which 7 are active.
The company had an authorised share capital of ₹40 Cr and a paid-up capital of ₹29.93 Cr. It was formerly known as Idbi-Principal Asset Management Company Limited and Indian Investment Management Company Limited. It was led by directors including Sritharan Srinivasan Thiruvadi and Harsha Viji.
Its last annual general meeting (AGM) was held on 27 July 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹53.65 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹8.64 Cr (net margin -16.1%) and EBITDA of -₹8.01 Cr (EBITDA margin -14.9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 7% over five years.
The company was associated with 1 brand: Principal India. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹135.03 Cr; the latest was in January 2021. Its 4 peer companies in the BFSI industry (Asset Management, Portfolio Managers), with the same principal business activity (fund management services) are compared by revenue, 3 larger and 1 smaller; the largest is Indigrid Investment Managers Limited with revenue of ₹57.64 Cr.
The last known website on record is principalindia.com.
Company details
Name history
Samc Support Services has undergone 4 name changes throughout its history. The current legal name is Samc Support Services Private Limited.
| Company Name | Status |
|---|---|
| Samc Support Services Private Limited | Current |
| Idbi-Principal Asset Management Company Limited | Previous |
| Indian Investment Management Company Limited | Previous |
| Principal Pnb Asset Management Company Private Limited | Previous |
| Principal Asset Management Private Limited | Previous |
CIN history
Samc Support Services has one previous CIN (Corporate Identification Number): U25000MH2003PTC064092. The current CIN is U25000MH1991PTC064092, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25000MH1991PTC064092 | Current |
| U25000MH2003PTC064092 | Previous |
Contact details
Samc Support Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is principalindia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered AddressUnit 002 GF B(West)Wing Satellite Gazebo Andheri – Ghatkopar Link Road Chakala Andh, Eri (East), Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Portfolio Management Services, Asset Management Firms
To see the full contact details of Samc Support 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
Brands
Samc Support Services operates one associated brand: Principal India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Assets are managed for clients by Principal India. | principalindia.com |
Business activity
The main business activity of Samc Support Services is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Samc Support Services Private Limited, buy the company report.
Financials of Samc Support Services Private Limited
FY 2021 filings availableSamc Support Services Private Limited reported revenue of ₹53.65 Cr (up 1% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 1% growth in the latest year. EBITDA rose 43% 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 | ₹53.65 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹8.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.64 Cr | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14.9% | ||||
| Net Profit Margin | -16.1% | ||||
| 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 Samc Support Services Private Limited, buy the company report.
Board of directors of Samc Support Services Private Limited
Samc Support Services has 3 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sritharan Srinivasan Thiruvadi | Director | 31 Dec 2021 | 4 Years 9 Months | As last reported |
| Harsha Viji | Director | 31 Dec 2021 | 4 Years 9 Months | As last reported |
| Sunil Subramaniam Also directs: Unifi Asset Management Private Limited | Director | 31 Dec 2021 | 4 Years 9 Months | As last reported |
Peer comparison
Samc Support Services Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Asset Management, Portfolio Managers), with the same principal business activity (fund management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indigrid Investment Managers Limited | ₹57.64 Cr (FY 2025) | -32.0% | Mumbai, Maharashtra, India | |||
| Lic Mutual Fund Asset Management Limited | ₹54.68 Cr (FY 2019) | -9.0% | Mumbai, Maharashtra, India | |||
| Edelweiss Asset Management Limited | ₹53.86 Cr (FY 2018) | 64.0% | Mumbai, Maharashtra, India | |||
| Samc Support Services Private Limitedthis company | ₹53.65 Cr (FY 2021) | -₹8.64 Cr | -16.1% | 1.0% | Mumbai, Maharashtra, India | |
| Global Infrastructure Partners India Private Limited | ₹48.21 Cr (FY 2025) | 428.0% | Barakhamba Road, Delhi, India |
To see the full peer comparison of Samc Support Services Private Limited, buy the company report.
Auditor
Samc Support Services Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2021 | 101049W/E300004 |
Shareholding
The shareholding of Samc Support Services Private Limited is on record for 4 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 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Samc Support Services Private Limited, buy the company report.
Deals & funding
Samc Support Services Private Limited has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹135.03 Cr; the latest was in January 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2021 | Acquisition | Undisclosed | Buyer: Sundaram Asset Management Company Limited |
| Aug 2018 | Funding round | ₹40.03 Cr | Investors: Principal Financial Group (Mauritius) Limited, Principal International India Limited |
| Dec 2014 | Funding round | ₹65 Cr | Investors: Principal Financial Group (mauritius) Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Principal Financial Group (mauritius) Limited Seller: Vijaya Bank |
| Jun 2006 | Secondary share transfer | Undisclosed | Buyer: Principal Financial Group (mauritius) Limited, an individual Seller: Bofa Securities India Limited , 3 individuals |
To see the full deal history of Samc Support Services Private 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
Samc Support Services Private Limited has 3 court cases on record: 1 filed by Samc Support Services, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Kautilya Industries Pvt Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company | Disposed |
| District court, South West, Delhi | Court case (Succ. Court) | Filed against the company by an individual | Disposed |
To see the full case history of Samc Support 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 Samc Support Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Samc Support Services has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI9361B1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 04AAACI9361B1ZY | Chandigarh | Active | 01 Jul 2017 |
| 09AAACI9361B1ZO | Uttar Pradesh | Active | 01 Jul 2017 |
| 24AAACI9361B2ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Samc Support Services Private Limited, buy the company report.
Recent activity
Samc Support Services Private Limited has 40 board changes on record since 2007: 3 appointments and 37 cessations. The latest: Harsha Viji ceased to be Additional Director on 18 May 2022.
31 earlier events are in the company report.
News
Frequently asked questions
Samc Support Services has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Samc Support Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in portfolio management services, within the financial services industry. It was incorporated on 20 November 1991 and is registered under CIN U25000MH1991PTC064092. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Samc Support Services was incorporated on 20 November 1991. It is registered with the Registrar of Companies, Mumbai.
Samc Support Services had 3 directors:
- Sritharan Srinivasan Thiruvadi - Director
- Harsha Viji - Director
- Sunil Subramaniam - Director
The CIN (Corporate Identification Number) of Samc Support Services is U25000MH1991PTC064092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Samc Support Services is at Unit 002 GF BWestWing Satellite Gazebo Andheri – Ghatkopar Link Road Chakala Andh, Eri East, Mumbai, Maharashtra, India – 400093.
Samc Support Services can be reached through the website principalindia.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Samc Support Services on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 27 July 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Samc Support Services is 27AAACI9361B1ZQ, registered in Maharashtra. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 04AAACI9361B1ZY (Chandigarh), 09AAACI9361B1ZO (Uttar Pradesh), 24AAACI9361B2ZV (Gujarat).
Samc Support Services operated in the financial services industry, in the portfolio management services segment.
Samc Support Services has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹135.03 Cr; the latest was in January 2021.