About Sotc Travel Services Private Limited
Data last updated:
Sotc Travel Services Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Thomas Cook (India) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the travel and tour services segment of the transport and logistics sector. It was incorporated on 21 December 1992.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH1992PTC070074. The company has 10 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹16 Cr and a paid-up capital of ₹9.71 Cr. It was led by directors including Vishal Suri (Managing Director) and Nilesh Shivji Vikamsey.
Its last annual general meeting (AGM) was held on 18 July 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 324 Dr. D. N. Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2016, the company reported a revenue of ₹336.54 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹69.61 Cr (net margin 20.7%) and EBITDA of ₹59.83 Cr (EBITDA margin 17.8%).
The company had about 1,367 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 8 subsidiaries.
The company was associated with 2 brands: SOTC India and Kuoni India. As per MCA filings, the company had satisfied charges of ₹98.38 Cr on record. Court records list 22 cases involving the company, including 14 filed by the company and 8 filed against it; 5 cases are pending. The company has 5 deals on record (3 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹99.49 Cr; the latest was in December 2015.
The last known website on record is sotcindia.com.
Company details
CIN history
Sotc Travel Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U63090MH1992PTC070074, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63090MH1992PTC070074 | Current |
| U63090MH1992PLC070074 | Previous |
| U63090MH1992FTC070074 | Previous |
Contact details
Sotc Travel Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is sotcindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address324 Dr. D. N. Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Travel & Tour Services
To see the full contact details of Sotc Travel Services 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
Brands
Sotc Travel Services operates two associated brands: SOTC India and Kuoni India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive travel services and solutions for customers. | sotcindia.com | |
| Customized luxury holidays are planned for premium customers. | kuoniindia.com |
Business activity
The main business activity of Sotc Travel Services is support service to organizations. In detail, this covers travel agency and tour operators.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N3 | Travel agency and tour operators |
To see the full business activity and turnover split of Sotc Travel Services Private Limited, buy the company report.
Financials of Sotc Travel Services Private Limited
FY 2016 filings availableSotc Travel Services Private Limited reported revenue of ₹336.54 Cr (up 28% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 28% in the latest year. EBITDA rose 97% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹336.54 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹59.83 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹69.61 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 17.8% | |
| Net Profit Margin | 20.7% | |
| 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 Sotc Travel Services Private Limited, buy the company report.
Board of directors of Sotc Travel Services Private Limited
Sotc Travel Services has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Suri Also directs: Sotc Travel Limited, TC Tours Limited | Managing Director | 18 Jul 2016 | 10 Years 3 Months | As last reported |
| Nilesh Shivji Vikamsey | Director | 27 Jan 2016 | 10 Years 9 Months | As last reported |
| Harsha Raghavan Also directs: Sundrop Brands Limited, Convergent Finance LLP, Onward Technologies Limited and 5 more | Director | 16 Dec 2015 | 10 Years 10 Months | As last reported |
| Rahul Narain Bhagat Also directs: Sotc Travel Limited, Thomas Cook (India) Limited, Padmini Vna Mechatronics Limited and 4 more | Director | 27 Jan 2016 | 10 Years 9 Months | As last reported |
| Kishori Jayendra Udeshi | Director | 27 Jan 2016 | 10 Years 9 Months | As last reported |
| Madhavan Menon Karunakaran Also directs: Sundrop Brands Limited, Cedar Management Consulting Private Limited, Isprava Vesta Private Limited and 1 more | Director | 27 Jan 2016 | 10 Years 9 Months | As last reported |
Auditor
Sotc Travel Services Private Limited is audited by - for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| - | FY 2016 |
Shareholding
The shareholding of Sotc Travel Services Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Sotc Travel Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2008 | 10087058 | Deutsche Bank Ag | ₹65 Cr | Satisfied | |
| 08 Dec 2000 | 80030173 | Deutche Bank Ag | ₹31 Cr | Satisfied | |
| 14 Oct 1996 | 80063827 | Bank of Baroda | ₹60 Lakh | Satisfied | |
| 01 Aug 1996 | 80063826 | Manishankar Financial Services Pvt Ltd | ₹18 Lakh | Satisfied | |
| 10 Nov 1995 | 80063828 | Bank of Baroda | ₹1.6 Cr | Satisfied |
To see the full charge records of Sotc Travel Services Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Sotc Travel Services Private Limited has 5 deals on record (3 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹99.49 Cr; the latest was in December 2015.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: Travel Corporation (India) Limited Seller: Kuoni Asian Investments (Mauritius) Limited, Kuoni Travel Holding Limited |
| Dec 2015 | Acquisition | ₹181 Cr | Buyer: Thomas Cook (India) Limited Seller: Kuoni Asian Investments (Mauritius) Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Thomas Cook (India) Limited & Debasis Nandy Seller: Kuoni Travel Holding Limited |
| Jan 2015 | Funding round | ₹99.49 Cr | Investors: Kuoni Asian Investments (Mauritius) Limited, Kuoni Travel Holding Limited |
| May 2013 | Secondary share transfer | Undisclosed | Seller: Kuoni Asian Investments (Mauritius) Limited, Kuoni Travel Holding Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sotc Travel Services Private Limited has 22 court cases on record: 14 filed by Sotc Travel Services, 8 filed against it. 5 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 6 | 4 |
| High courts | 6 | 2 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Saubhagya Inn Pvt Ltd and Ors and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Travel Tours Pvt Ltd and 1 other | Disposed |
| District court, North Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 1 | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Sotc Travel Services 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 Sotc Travel Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sotc Travel Services has 8 subsidiary companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sita Beach Resorts Private Limited | U55101MH2001PTC131692 | |
| Sita Incoming (India) Private Limited | U55101MH2001PTC131694 | |
| Sita Holidays Resorts Private Limited | U55101MH2001PTC131696 | |
| Sita Holidays (India) Private Limited | U55109MH2001PTC131690 | |
| Sotc Travel Private Limited | U63040MH2001PTC131691 | |
| Sotc Travel Management Private Limited | U63040MH2001PTC131693 |
To see the full group structure of Sotc Travel Services Private Limited, buy the company report.
GST
Sotc Travel Services has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sotc Travel Services Private Limited, buy the company report.
Recent activity
Sotc Travel Services Private Limited has 25 board changes on record since 2007: 6 appointments and 19 cessations. The latest: Harsha Raghavan ceased to be Nominee Director on 18 Jul 2016.
28 earlier events are in the company report.
News
Frequently asked questions
Sotc Travel Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sotc Travel Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in travel and tour services, within the transport and logistics industry. It was incorporated on 21 December 1992 and is registered under CIN U63090MH1992PTC070074. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sotc Travel Services was incorporated on 21 December 1992. It is registered with the Registrar of Companies, Mumbai.
Sotc Travel Services had 6 directors:
- Vishal Suri - Managing Director
- Nilesh Shivji Vikamsey - Director
- Harsha Raghavan - Director
- Rahul Narain Bhagat - Director
- Kishori Jayendra Udeshi - Director
- Madhavan Menon Karunakaran - Director
The CIN (Corporate Identification Number) of Sotc Travel Services is U63090MH1992PTC070074. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Sotc Travel Services is at 324 Dr. D. N. Road Fort, Mumbai, Maharashtra, India – 400001.
Sotc Travel Services can be reached through the website sotcindia.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Sotc Travel Services on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 18 July 2016. Year-wise statements from 2015 are in the company report.
No. Sotc Travel Services has 10 GST registrations on record and all of them are cancelled or inactive.
Sotc Travel Services operated in the transport and logistics industry, in the travel and tour services segment.
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