About Savair Energy Limited
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Savair Energy Limited is a public limited company based in Navi Mumbai, Maharashtra, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 22 January 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63011MH2001PLC130547. Its GSTIN is 24AAACE8939M1Z7 (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15.5 Cr and a paid-up capital of ₹12.5 Cr. It was formerly known as Energy Logistics Private Limited and Savair Energy Private Limited. It is led by directors including Pasupathy Puthuseri Veedu and Mathai Thomas.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Plot No. A – 564 Ptc Indl. Area MIDC Mahape Navi Mumbai, Maharashtra, India – 400709.
As per the financials filed for FY 2019, the company reported a revenue of ₹30.83 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹7.88 Cr (net margin -25.5%) and EBITDA of -₹1.8 Cr (EBITDA margin -5.8%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years.
The company has about 45 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹84.1 Cr and satisfied charges of ₹66.13 Cr on record. Court records list 59 cases involving the company, including 7 filed by the company and 52 filed against it; 12 cases are pending. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹11.05 Cr; the latest was in November 2018.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website savair.co.in.
Company details
Name history
Savair Energy has undergone 2 name changes throughout its history. The company was previously known as Energy Logistics Private Limited, and Savair Energy Private Limited. The current legal name is Savair Energy Limited.
| Company Name | Status |
|---|---|
| Savair Energy Limited | Current |
| Energy Logistics Private Limited | Previous |
| Savair Energy Private Limited | Previous |
CIN history
Savair Energy has one previous CIN (Corporate Identification Number): U63011MH2001PTC130547. The current CIN is U63011MH2001PLC130547, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63011MH2001PLC130547 | Current |
| U63011MH2001PTC130547 | Previous |
Contact details
Savair Energy Limited's registered office is in Navi Mumbai, Maharashtra. Its website is savair.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. A – 564 Ptc Indl. Area MIDC Mahape Navi Mumbai, Maharashtra, India – 400709
- IndustryEngineering, Procurement & Construction (EPC), Engineering
To see the full contact details of Savair Energy 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 Savair Energy is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Savair Energy Limited, buy the company report.
Financials of Savair Energy Limited
FY 2019 filings availableSavair Energy Limited reported revenue of ₹30.83 Cr (down 28% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over three years, including a 28% fall in the latest year. EBITDA fell 704% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹30.83 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.88 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.8% | ||||
| Net Profit Margin | -25.5% | ||||
| 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 Savair Energy Limited, buy the company report.
Board of directors of Savair Energy Limited
Savair Energy has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pasupathy Puthuseri Veedu | Director | 14 Jan 2008 | 18 Years 9 Months | Current |
| Mathai Thomas | Director | 01 Feb 2002 | 24 Years 9 Months | Current |
| Saji Antony | Director | 22 Jan 2001 | 25 Years 9 Months | Current |
Shareholding
The shareholding of Savair Energy Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Savair Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2017 | 100081697 | Indian Overseas Bank | ₹5 Cr | Open | |
| 05 Jan 2017 | 100075067 | Others | ₹11.1 Cr | Open | |
| 23 Aug 2010 | 10239196 | Indian Overseas Bank | ₹68 Cr | Open | |
| 29 Jan 2016 | 10621797 | Indian Overseas Bank | ₹2.8 Cr | Satisfied | |
| 29 Oct 2013 | 10458228 | Oriental Bank of Commerce | ₹1.25 Cr | Satisfied |
To see the full charge records of Savair Energy Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Savair Energy Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹11.05 Cr; the latest was in November 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: RPL Capital Finance Limited Seller: an individual |
| May 2017 | Rights issue | ₹2.5 Cr | Investors: an individual |
| Feb 2012 | Funding round | ₹6 Cr | Investors: 4 individuals |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: RFL International Limited , Kapindra Multitrade Private Limited, Artillegence Bio-Innovations Limited |
| Mar 2009 | Funding round | ₹1.74 Cr | Investors: RFL International Limited , Kapindra Multitrade Private Limited, Artillegence Bio-Innovations Limited , an individual |
To see the full deal history of Savair Energy 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
Savair Energy Limited has 59 court cases on record: 7 filed by Savair Energy, 52 filed against it. 12 cases are pending and 47 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 29 | 7 |
| High courts | 14 | 8 | 3 |
| NCLAT | 8 | 8 | 2 |
| NCLT | 6 | 6 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Reg Dkst) | Filed against the company by Itd Cementation India Limited Th. Kanchan Madhusundan Ranadive | Pending |
| District court, Sitapur, Uttar Pradesh | Interim or miscellaneous application | Filed against the company by Seksaria Industries Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Mascot Capital and Marketing Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Mascot Capital and Marketing Private Limited | Disposed |
| NCLT, Mumbai | Court case (Rst.A(IBC)) | Filed against the company by Mascot Capital and Marketing Private Limited | Disposed |
To see the full case history of Savair Energy 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.
Credit ratings & regulatory alerts
Savair Energy Limited was last rated by Care on 11 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 11 Oct 2021 |
To see the full credit ratings and regulatory alerts of Savair Energy Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Savair Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Savair Energy has 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
Employees & EPFO
Savair Energy Limited has a workforce of 45 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Savair Energy has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE8939M1Z7 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Savair Energy Limited, buy the company report.
Recent activity
Savair Energy Limited has 4 board changes on record since 2001: 3 appointments and 1 cessation. The latest: Arvind Hemraj Nagda ceased to be Director on 01 Sep 2016.
24 earlier events are in the company report.
Frequently asked questions
Savair Energy is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 22 January 2001 (25+ years old) and is registered under CIN U63011MH2001PLC130547.
Savair Energy has 3 current directors:
- Pasupathy Puthuseri Veedu - Director
- Mathai Thomas - Director
- Saji Antony - Director
The latest financial statements of Savair Energy on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Savair Energy is 24AAACE8939M1Z7, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Savair Energy is U63011MH2001PLC130547. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Savair Energy has 59 court cases on record: 7 filed by the company and 52 filed against it. 12 are pending. Most are in the district courts.
Savair Energy was incorporated on 22 January 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
Savair Energy has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹11.05 Cr; the latest was in November 2018.
Arvind Hemraj Nagda ceased to be Director on 01 Sep 2016. Pasupathy Puthuseri Veedu was appointed as Director on 14 Jan 2008. Mathai Thomas was appointed as Director on 01 Feb 2002. Savair Energy has 4 board changes on record in total.
Savair Energy can be reached through the website savair.co.in. Its registered office is in Navi Mumbai, Maharashtra, India.
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