Synchronace Devices Private Limited
About Synchronace Devices Private Limited
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Synchronace Devices Private Limited is a private limited company based in Kochi, Kerala, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 28 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U33119KL2005PTC017853. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹16 Lakh and a paid-up capital of ₹16 Lakh. It is led by directors Raman Ramkumar (Managing Director) and Indu Ramkumar.
Its last annual general meeting (AGM) was held on 19 September 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 29/16C1 2nd Floor Vismaya Toc H School Road Vyttila P O, Kochi, Kerala, India – 682019.
As per the financials filed for FY 2023, the company reported a revenue of ₹6.43 Lakh, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹11.45 Lakh (net margin -178%) and EBITDA of -₹10.9 Lakh (EBITDA margin -169.6%). Revenue has declined at a compounded annual rate (CAGR) of 61% over three years and 64% over five years.
As per MCA filings, the company has satisfied charges of ₹5.82 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Synchronace Devices Private Limited's registered office is in Kochi, Kerala. Its e-mail address is in the company report.
- Email
- Registered Address29/16C1 2nd Floor Vismaya Toc H School Road Vyttila P O, Kochi, Kerala, India – 682019
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Synchronace Devices 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 Synchronace Devices is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
Financials of Synchronace Devices Private Limited
FY 2023 filings availableSynchronace Devices Private Limited reported revenue of ₹6.43 Lakh (down 56% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over five years, including a 56% fall in the latest year. EBITDA rose 32% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹10.9 Lakh | ||||
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| Net Profit (PAT) | -₹11.45 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -169.6% | ||||
| Net Profit Margin | -178% | ||||
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To see the full financial statements and ratios of Synchronace Devices Private Limited, buy the company report.
Board of directors of Synchronace Devices Private Limited
Synchronace Devices has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raman Ramkumar Also directs: Saknutri Ingredients Private Limited | Managing Director | 28 Jan 2005 | 21 Years 8 Months | Current |
| Indu Ramkumar Also directs: Eq Cert Private Limited | Director | 05 Oct 2009 | 17 Years 0 Months | Current |
Auditor
Synchronace Devices Private Limited is audited by G JOSEPH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G JOSEPH & ASSOCIATES | FY 2020 | 006310S |
Shareholding
The shareholding of Synchronace Devices Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Synchronace Devices Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2009 | 10166976 | Idbi Bank Limited | ₹4.6 Cr | Satisfied | |
| 16 Jul 2007 | 10062722 | Indian Overseas Bank | ₹50 Lakh | Satisfied | |
| 16 Jul 2007 | 10065623 | Indian Overseas Bank | ₹60 Lakh | Satisfied | |
| 16 Jul 2007 | 10065624 | Indian Overseas Bank | ₹1.82 Lakh | Satisfied | |
| 28 Oct 2005 | 90021213 | Bharat Overseas Bank Ltd | ₹10 Lakh | Satisfied |
To see the full charge records of Synchronace Devices Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Synchronace Devices Private Limited has 1 court case on record: 1 filed by Synchronace Devices. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against State of Kerala and 3 others | Disposed |
To see the full case history of Synchronace Devices 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 Synchronace Devices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Synchronace Devices has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Synchronace Devices Private Limited, buy the company report.
Recent activity
Synchronace Devices Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Mullappilly Raman ceased to be Director on 13 Sep 2018.
8 earlier events are in the company report.
Frequently asked questions
Synchronace Devices is an active private limited company based in Kochi, Kerala, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 28 January 2005 (21+ years old) and is registered under CIN U33119KL2005PTC017853.
Synchronace Devices has 2 current directors:
- Raman Ramkumar - Managing Director
- Indu Ramkumar - Director
The latest financial statements of Synchronace Devices on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 19 September 2024. Year-wise statements from 2015 are in the company report.
No. Synchronace Devices has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Synchronace Devices is U33119KL2005PTC017853. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Synchronace Devices has 1 court case on record: 1 filed by the company.
Synchronace Devices was incorporated on 28 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ernakulam.
Mullappilly Raman ceased to be Director on 13 Sep 2018. Indu Ramkumar was appointed as Director on 05 Oct 2009. Raman Ramkumar was appointed as Managing Director on 28 Jan 2005.
The registered office of Synchronace Devices is at 2916C1 2nd Floor Vismaya Toc H School Road Vyttila P O, Kochi, Kerala, India – 682019.
Synchronace Devices operates in the healthcare industry, in the medical equipment retail and distribution segment.