About SND Limited
Data last updated:
SND Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Essel Utilities Distribution Company 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 power transmission and distribution services segment of the energy and power sector. It was incorporated on 03 April 2011.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2011PLC215684. Its GSTIN is 27AAPCS6242Q1ZG (Maharashtra).
The company has an authorised share capital of ₹96 Cr and a paid-up capital of ₹82.72 Cr. It was formerly known as Spanco Nagpur Discom Limited. It is led by directors including Sunny Ramesh Singh (Whole-Time Director) and Sooraj Shankar Karkera.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.82 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹64.93 Cr and EBITDA of -₹39.58 Cr. Revenue has declined at a compounded annual rate (CAGR) of 97% over three years and 89% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹410 Cr and satisfied charges of ₹78.75 Cr on record. Court records list 197 cases involving the company, including 113 filed by the company and 84 filed against it; 38 cases are pending. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹100.08 Cr; the latest was in February 2015. Its 3 peer companies in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 2 smaller; the largest is Ven Power Private Limited with revenue of ₹1.9 Lakh.
The last known website on record is sndl.in.
Company details
Contact details
SND Limited's registered office is in Mumbai, Maharashtra. Its website is sndl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address513/A 5th Floor Kohinoor City Kirol Road L.B.S. Marg, Kurla (W) India, Mumbai, Maharashtra, India – 400070
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of SND 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 SND 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 |
Financials of SND Limited
FY 2021 filings availableSND Limited reported revenue of ₹1.82 Lakh (down 100% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 89% over five years. EBITDA rose 62% 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 | ₹1.82 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹39.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹64.93 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 | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 SND Limited, buy the company report.
Board of directors and KMP of SND Limited
SND Limited currently reports 5 directors and 1 key managerial person. 38 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Babu Narayan Rai Also directs: Essel Utilities Distribution Company Limited, Pan India Network Infravest Limited, Kakade Infrastructure Private Limited and 5 more | Cfo | 26 Mar 2022 | 4 Years 7 Months | As last reported |
| Sunny Ramesh Singh | Whole-Time Director | 01 Oct 2021 | 5 Years 1 Months | As last reported |
| Sooraj Shankar Karkera | Director | 12 Feb 2020 | 6 Years 8 Months | As last reported |
| Pooja Ramesh Singh Also directs: Pan India Network Infravest Limited, Essel Green Energy Private Limited, Essel Lucknow Raebareli Toll Roads Limited and 2 more | Director | 12 Feb 2020 | 6 Years 8 Months | As last reported |
| Tribhuwan Kumar Singh Also directs: Kepler22 Environment LLP, Prominent Autoworks LLP, RPW Projects Private Limited and 5 more | Director | 07 May 2019 | 7 Years 6 Months | As last reported |
| Mrudula Brodie Cletus | Irp/Rp/Liquidator | 02 Jan 2024 | 2 Years 10 Months | As last reported |
Peer comparison
SND Limited is compared with the 3 companies closest to it by revenue in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ven Power Private Limited | ₹1.9 Lakh (FY 2025) | 203.0% | Hyderabad, Telangana, India | |||
| SND Limitedthis company | ₹1.82 Lakh (FY 2021) | -₹64.93 Cr | -100.0% | 1 | Mumbai, Maharashtra, India | |
| Green Basin Hydro Power Private Limited | ₹1.77 Lakh (FY 2025) | 2.0% | Manali, Himachal Pradesh, India | |||
| Cherla Solar Private Limited | ₹1.74 Lakh (FY 2025) | -8.0% | New Delhi, Delhi, India |
To see the full peer comparison of SND Limited, buy the company report.
Auditor
SND Limited is audited by Heena Raj Patangia for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Heena Raj Patangia | FY 2021 |
Shareholding
The shareholding of SND Limited is on record for 5 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 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SND Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2013 | 10411834 | State Bank of India | ₹210 Cr | Open | |
| 09 Apr 2012 | 10352167 | State Bank of India | ₹200 Cr | Open | |
| 01 Mar 2013 | 10411848 | State Bank of India | ₹78.75 Cr | Satisfied |
To see the full charge records of SND Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
SND Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹100.08 Cr; the latest was in February 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2015 | Rights issue | ₹63.7 Cr | Investors: Essel Utilities Distribution Company Limited |
| Sep 2012 | Funding round | ₹18.06 Cr | Investors: Essel Utilities Distribution Company Limited , Essel Utilities Distribution Company Private Limited & Ashok Agarwal, Essel Utilities Distribution Company Private Limited & Rajeev Dholakia |
| Dec 2011 | Funding round | ₹82.02 Cr | Investors: Helios Powertech Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SND Limited has 197 court cases on record: 113 filed by SND, 84 filed against it. 38 cases are pending and 159 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 159 | 48 | 33 |
| High courts | 33 | 31 | 4 |
| NCLAT | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 197)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (Spl .Dkst) | Filed against the company by M/S Apple Cross Technologies Pvt. Ltd | Pending |
| District court, Central, Delhi | Commercial suit | Filed against the company by M/S HPL Electric and Power Ltd Through Its Autorised Representative | Disposed |
| District court, Nagpur, Maharashtra | Commercial suit | Filed against the company by M/S. Creative Entrepreneurs LLP | Disposed |
| Bombay High Court | Writ petition | Filed against the company by M/S. Creative Entrepreneurs LLP, Delhi THR. Authorised Signatory Mr. Gagan Aggarwal | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by an individual | Pending |
To see the full case history of SND 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
SND Limited was last rated by Care on 08 Mar 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Mar 2023 |
To see the full credit ratings and regulatory alerts of SND Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for SND Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
SND Limited has a workforce of 1 employees on its EPFO records as of Dec 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 1 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of SND Limited, buy the company report.
GST
SND has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCS6242Q1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SND Limited, buy the company report.
Recent activity
SND Limited has 41 board changes on record since 2012: 6 appointments and 35 cessations. The latest: Mrudula Brodie Cletus was appointed as Irp/Rp/Liquidator on 02 Jan 2024.
38 earlier events are in the company report.
Frequently asked questions
SND 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.
SND is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 03 April 2011 and is registered under CIN U40300MH2011PLC215684. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
SND has 6 current directors and KMP:
- Sunny Ramesh Singh - Whole-Time Director
- Sooraj Shankar Karkera - Director
- Pooja Ramesh Singh - Director
- Tribhuwan Kumar Singh - Director
- Babu Narayan Rai - Cfo
- Mrudula Brodie Cletus - Irp/Rp/Liquidator
The latest financial statements of SND on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of SND is U40300MH2011PLC215684. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SND has open charges of ₹410 Cr and satisfied charges of ₹78.75 Cr as per latest MCA filings.
SND has 197 court cases on record: 113 filed by the company and 84 filed against it. 38 are pending. Most are in the district courts.
SND was incorporated on 03 April 2011. It is registered with the Registrar of Companies, Mumbai.
SND has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹100.08 Cr; the latest was in February 2015.
The peers of SND by revenue are Ven Power Private Limited, Green Basin Hydro Power Private Limited, Cherla Solar Private Limited, all in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution).
Mrudula Brodie Cletus was appointed as Irp/Rp/Liquidator on 02 Jan 2024. Babu Narayan Rai was appointed as CFO on 26 Mar 2022. Sunny Ramesh Singh ceased to be Additional Director on 30 Nov 2021. SND has 41 board changes on record in total.
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