Seagrass Tech Private Limited

Seagrass Tech Private Limited - travel and hospitality in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U74900TN2016PTC104912 Incorporated 24 March 2016 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Private Limited Company travel and hospitality MSME · Micro
Data last updated
Revenue · FY 2024
₹52.93 Lakh
▼ 62% YoY
Net loss · FY 2024
₹2.01 Lakh
Net margin -3.8%
EBITDA · FY 2024
₹14.79 Lakh
EBITDA margin 27.9%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹61.47 Lakh
Issued & subscribed
Open charges
₹1 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Directors on board
4
As per MCA filings

About Seagrass Tech Private Limited

Data last updated:

Seagrass Tech Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 24 March 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2016PTC104912. Its GSTIN is 34AAWCS9403N1ZJ (Puducherry).

The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹61.47 Lakh. It is led by directors including Swaminathan Detchanamurthy and Suganya Baskaran.

Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.35C 1st Floor 2nd Street Thirupathy Nagar Valasaravakkam, Chennai, Tamil Nadu, India – 600087.

As per the financials filed for FY 2024, the company reported a revenue of ₹52.93 Lakh, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹2.01 Lakh (net margin -3.8%) and EBITDA of ₹14.79 Lakh (EBITDA margin 27.9%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 213% over five years.

The company is associated with 1 brand: Seagrass Tech. As per MCA filings, the company has open charges of ₹1 Cr on record. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.11 Cr; the latest was in February 2020.

Seagrass Tech Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0141540). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website seagrasstech.com.

Company details

CIN U74900TN2016PTC104912
Registration Number 104912
Incorporation Date 24 March 2016
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0141540
Key People
Swaminathan Detchanamurthy Director Suganya Baskaran Director Prakash Ramadass Director

Recognitions & Rankings of Seagrass Tech

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-TN-02-0141540

Contact details

Seagrass Tech Private Limited's registered office is in Chennai, Tamil Nadu. Its website is seagrasstech.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    seagrasstech.com
  • Social Media
  • Registered Address
    No.35C 1st Floor 2nd Street Thirupathy Nagar Valasaravakkam, Chennai, Tamil Nadu, India – 600087
  • Industry
    Travel and Hospitality, Consumer Professional Services

To see the full contact details of Seagrass Tech Private Limited, buy the company report.

Comprehensive company report
Seagrass Tech Private Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Seagrass Tech operates one associated brand: Seagrass Tech. Each brand links to its own profile.

BrandDescriptionWebsite
Seagrass Tech
Technology platform for micro marine algae harvesting is developed.seagrasstech.com

Business activity

The main business activity of Seagrass Tech is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
AAgriculture, forestry, fishingA4Support activities to agriculture and Other Activities including hunting

To see the full business activity and turnover split of Seagrass Tech Private Limited, buy the company report.

Financials of Seagrass Tech Private Limited

FY 2024 filings available

Seagrass Tech Private Limited reported revenue of ₹52.93 Lakh (down 62% YoY) for FY 2024.

Revenue · FY 2024
₹52.93 Lakh ▼ 62%
Net loss · FY 2024
₹2.01 Lakh margin -3.8%
EBITDA · FY 2024
₹14.79 Lakh margin 27.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 62%
3 years · compounded
▲ 71%
5 years · compounded
▲ 213%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 40%
5 years · compounded
▲ 22%

Revenue fell 62% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 213%. EBITDA fell 8% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹14.79 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹2.01 Lakh
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin27.9%
Net Profit Margin-3.8%
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 Seagrass Tech Private Limited, buy the company report.

Board of directors of Seagrass Tech Private Limited

Seagrass Tech has 4 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Swaminathan DetchanamurthyDirector24 Mar 201610 Years 7 MonthsCurrent
Suganya BaskaranDirector24 Mar 201610 Years 7 MonthsCurrent
Prakash RamadassDirector27 Dec 20169 Years 10 MonthsCurrent
Basivi Monisha
Also directs: Ponut Organics Private Limited
Director27 Dec 20169 Years 10 MonthsCurrent
View all directors

Auditor

Seagrass Tech Private Limited is audited by K M JAGADEESH NARAYAN & CO for the financial year 2021.

Auditor firmFinancial yearFirm registration number
K M JAGADEESH NARAYAN & COFY 2021

Shareholding

The shareholding of Seagrass Tech Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2018FY 2017
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Seagrass Tech Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1 Cr
Satisfied charges
None
Breakdown by lending institutions
Canara Bank₹1.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Jul 2017100161722Canara Bank₹1 CrOpen

Total charge records: 1 View all charges

Deals & funding

Seagrass Tech Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.11 Cr; the latest was in February 2020.

Total deals
2
Funding rounds
2
Disclosed funding
₹1.11 Cr

Deals on record (2 of 2)

WhenDealAmountParties
Feb 2020Funding round₹56.9 LakhInvestors: Artesian Venture Partners
Jun 2017Funding round₹54 LakhInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Seagrass Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Seagrass Tech has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
34AAWCS9403N1ZJPuducherryActive26 Jul 2017

To see the full GST registrations and return filing status of Seagrass Tech Private Limited, buy the company report.

Recent activity

Seagrass Tech Private Limited has 4 board changes on record since 2016: 4 appointments. The latest: Basivi Monisha was appointed as Director on 27 Dec 2016.

AGM
Seagrass Tech Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Filing
Seagrass Tech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Canara Bank amounted to Rs. 100.00 Lakh with Charge ID 100161722 was registered on 25 Jul 2017.
Appointed
Basivi Monisha was appointed as Director.
Appointed
Prakash Ramadass was appointed as Director.
Appointed
Suganya Baskaran was appointed as Director.
Appointed
Swaminathan Detchanamurthy was appointed as Director.
Incorporation
24 Mar 2016
Seagrass Tech Private Limited was registered on 24 Mar 2016 with Roc Chennai & aged 10 years 7 months as per MCA records.

News

Frequently asked questions

Seagrass Tech is an active private limited company based in Chennai, Tamil Nadu, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 24 March 2016 (10+ years old) and is registered under CIN U74900TN2016PTC104912.

Seagrass Tech has 4 current directors:

The latest financial statements of Seagrass Tech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Seagrass Tech is 34AAWCS9403N1ZJ, registered in Puducherry.

The CIN (Corporate Identification Number) of Seagrass Tech is U74900TN2016PTC104912. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Seagrass Tech was incorporated on 24 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.

Seagrass Tech has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.11 Cr; the latest was in February 2020.

Basivi Monisha was appointed as Director on 27 Dec 2016. Prakash Ramadass was appointed as Director on 27 Dec 2016. Suganya Baskaran was appointed as Director on 24 Mar 2016. Seagrass Tech has 4 board changes on record in total.

Yes, Seagrass Tech is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0141540).

Seagrass Tech can be reached through the website seagrasstech.com. Its registered office is in Chennai, Tamil Nadu, India.