Singhi Buildtech Private Limited
About Singhi Buildtech Private Limited
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Singhi Buildtech Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 24 March 2017.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC101696. Its GSTIN is 29AAYCS3990C1ZN (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹8.71 Cr. It is led by directors Mahendra Kumar Singhi and Suman Mahendra Kumar Singhi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.16 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹19.17 Cr and EBITDA of -₹18.63 Cr. Revenue has declined at a compounded annual rate (CAGR) of 88% over three years.
As per MCA filings, the company has open charges of ₹2.15 Cr on record. Court records list 12 cases involving the company, including 4 filed by the company and 8 filed against it; 2 cases are pending.
Company details
Contact details
Singhi Buildtech Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMannat No.2/1A Ground Floor Nanjappa Road Shanth I Na, Gar, Bangalore, Karnataka, India – 560027
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Singhi Buildtech 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 Singhi Buildtech 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 Singhi Buildtech Private Limited, buy the company report.
Financials of Singhi Buildtech Private Limited
FY 2022 filings availableSinghi Buildtech Private Limited reported revenue of ₹1.16 Cr (up 8% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 88%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹18.63 Cr | ||||
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| Net Profit (PAT) | -₹19.17 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Singhi Buildtech Private Limited, buy the company report.
Board of directors of Singhi Buildtech Private Limited
Singhi Buildtech has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Kumar Singhi | Director | 24 Mar 2017 | 9 Years 7 Months | As last reported |
| Suman Mahendra Kumar Singhi | Director | 24 Mar 2017 | 9 Years 7 Months | As last reported |
Peer comparison
Singhi Buildtech Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SK Agarwal Steel Private Limited | ₹1.18 Cr (FY 2024) | -42.0% | New Delhi, Delhi, India | |||
| MNK Steel Private Limited | ₹1.16 Cr (FY 2021) | -37.0% | Mumbai, Maharashtra, India | |||
| Singhi Buildtech Private Limitedthis company | ₹1.16 Cr (FY 2022) | -₹19.17 Cr | 8.0% | Bangalore, Karnataka, India | ||
| Sripad Steels Private Limited | ₹1.16 Cr (FY 2025) | -4.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Singhi Buildtech Private Limited, buy the company report.
Shareholding
The shareholding of Singhi Buildtech Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Singhi Buildtech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2018 | 100272392 | Others | ₹2.15 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Singhi Buildtech Private Limited has 12 court cases on record: 4 filed by Singhi Buildtech, 8 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 0 |
| High courts | 3 | 0 | 1 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ecl Finance Limited. | Disposed |
| District court, South, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by Ecl Finance Limited | Disposed |
| High Court of Delhi | Court case (FAO (COMM)) | Filed by the company against Ecl Finance Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed against the company by Ecl Finance Limited | Disposed |
| NCLT, NCLT Bengaluru | Insolvency matter | Filed by the company against an individual | Pending |
To see the full case history of Singhi Buildtech 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 Singhi Buildtech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Singhi Buildtech has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAYCS3990C1ZN | Karnataka | Active | 16 Oct 2017 |
| 33AAYCS3990C1ZY | Tamil Nadu | Active | 05 Dec 2017 |
To see the full GST registrations and return filing status of Singhi Buildtech Private Limited, buy the company report.
Recent activity
Singhi Buildtech Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Mahendra Kumar Singhi was appointed as Director on 24 Mar 2017.
Frequently asked questions
Singhi Buildtech is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Singhi Buildtech is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 24 March 2017 and is registered under CIN U74999KA2017PTC101696. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Singhi Buildtech has 2 current directors:
- Mahendra Kumar Singhi - Director
- Suman Mahendra Kumar Singhi - Director
The latest financial statements of Singhi Buildtech on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Singhi Buildtech is U74999KA2017PTC101696. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Singhi Buildtech has open charges of ₹2.15 Cr and no satisfied charges on record as per latest MCA filings.
Singhi Buildtech has 12 court cases on record: 4 filed by the company and 8 filed against it. 2 are pending. Most are in the district courts.
Singhi Buildtech was incorporated on 24 March 2017. It is registered with the Registrar of Companies, Bangalore.
The peers of Singhi Buildtech by revenue are SK Agarwal Steel Private Limited, MNK Steel Private Limited, Sripad Steels Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Mahendra Kumar Singhi was appointed as Director on 24 Mar 2017. Suman Mahendra Kumar Singhi was appointed as Director on 24 Mar 2017.
The registered office of Singhi Buildtech is at Mannat No.21A Ground Floor Nanjappa Road Shanth I Na, Gar, Bangalore, Karnataka, India – 560027.