Sipal Engineering Private Limited
About Sipal Engineering Private Limited
Data last updated:
Sipal Engineering Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Lumax Integrated Ventures Private Limited. 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 consumer and professional services segment of the travel and hospitality sector. It was incorporated on 02 February 2016.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74900DL2016PTC290469. Its GSTIN is 07AADCL0195P1Z3 (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.7 Cr and a paid-up capital of ₹1.59 Cr. It was formerly known as Lumax Sipal Engineering Private Limited. It is led by directors including Girish Dewan and Sanjay Mehta.
Its last annual general meeting (AGM) was held on 04 June 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 2nd Floor Harbans Bhawan – II Commercial Complex Nangal Raya, New Delhi, Delhi, India – 110046.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.59 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹54.03 Lakh (net margin 20.9%) and EBITDA of ₹87.6 Lakh (EBITDA margin 33.9%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years.
The company has about 14 employees on its provident fund (EPFO) records.
Company details
Contact details
Sipal Engineering Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address2nd Floor Harbans Bhawan – II Commercial Complex Nangal Raya, New Delhi, Delhi, India – 110046
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Sipal Engineering 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 Sipal Engineering is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Sipal Engineering Private Limited, buy the company report.
Financials of Sipal Engineering Private Limited
FY 2021 filings availableSipal Engineering Private Limited reported revenue of ₹2.59 Cr (up 24% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 51% over three years, including 24% growth in the latest year. EBITDA rose 89% 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 | |||||
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| Total Revenue | ₹2.59 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹87.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹54.03 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.9% | ||||
| Net Profit Margin | 20.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Sipal Engineering Private Limited, buy the company report.
Board of directors of Sipal Engineering Private Limited
Sipal Engineering has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Dewan Also directs: Sipal Technologies India Private Limited | Director | 15 Jun 2020 | 6 Years 4 Months | As last reported |
| Sanjay Mehta Also directs: Lumax Auto Technologies Limited, Lumax Auto Solutions Private Limited, Lumax Resources Private Limited and 5 more | Director | 30 Jan 2019 | 7 Years 8 Months | As last reported |
| Stefano Namari | Director | 04 Mar 2016 | 10 Years 7 Months | As last reported |
Auditor
Sipal Engineering Private Limited is audited by R JAIN & SANJAY ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R JAIN & SANJAY ASSOCIATES | FY 2018 | 012377N |
Shareholding
The shareholding of Sipal Engineering Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sipal Engineering Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sipal Engineering Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sipal Engineering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sipal Engineering has 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Sipal Engineering Private Limited has a workforce of 14 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Sipal Engineering has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCL0195P1Z3 | Delhi | Active | 01 Jul 2017 |
| 29AADCL0195P1ZX | Karnataka | Active | 28 Sep 2017 |
To see the full GST registrations and return filing status of Sipal Engineering Private Limited, buy the company report.
Recent activity
Sipal Engineering Private Limited has 11 board changes on record since 2016: 3 appointments and 8 cessations. The latest: Girish Dewan ceased to be Whole-Time Director on 01 Jul 2021.
2 earlier events are in the company report.
Frequently asked questions
Sipal Engineering 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.
Sipal Engineering is a company under liquidation, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 02 February 2016 and is registered under CIN U74900DL2016PTC290469. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sipal Engineering has 3 current directors:
- Girish Dewan - Director
- Sanjay Mehta - Director
- Stefano Namari - Director
The latest financial statements of Sipal Engineering on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 04 June 2021. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Sipal Engineering is U74900DL2016PTC290469. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sipal Engineering was incorporated on 02 February 2016. It is registered with the Registrar of Companies, Delhi.
Girish Dewan ceased to be Whole-Time Director on 01 Jul 2021. Marco Grossi ceased to be Director on 01 Jul 2021. Girish Dewan was appointed as Director on 15 Jun 2020. Sipal Engineering has 11 board changes on record in total.
The registered office of Sipal Engineering is at 2nd Floor Harbans Bhawan – II Commercial Complex Nangal Raya, New Delhi, Delhi, India – 110046.
The GSTIN of Sipal Engineering is 07AADCL0195P1Z3, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AADCL0195P1ZX (Karnataka).
Sipal Engineering operates in the travel and hospitality industry, in the consumer professional services segment.