Techno Electronics Limited
About Techno Electronics Limited
Data last updated:
Techno Electronics Limited is a public limited company based in Aurangabad, Maharashtra, 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 white goods retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 29 May 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U11204MH2007PLC171196. Its GSTIN is 03AACCT6860A1ZR (Punjab). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹133 Cr and a paid-up capital of ₹132.48 Cr. It is led by directors including Pankaj Kumar Ojha (Whole-Time Director) and Naresh Kumar Pant (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Gat No. 82 Chitegaon Tq. Paithan Dist. Aurangabad Village Paithan, Maharashtra, India – 431107.
As per the financials filed for FY 2016, the company reported a revenue of ₹1,025.58 Cr. For the same year it recorded a net loss of ₹25.82 Cr (net margin -2.5%) and EBITDA of ₹42.05 Cr (EBITDA margin 4.1%).
The company has about 120 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25,248 Cr and satisfied charges of ₹5,538 Cr on record. Court records list 38 cases involving the company, including 7 filed by the company and 31 filed against it; 17 cases are pending. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹625.96 Cr; the latest was in March 2016.
Company details
CIN history
Techno Electronics has one previous CIN (Corporate Identification Number): U31401MH2007PLC171196. The current CIN is U11204MH2007PLC171196, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U11204MH2007PLC171196 | Current |
| U31401MH2007PLC171196 | Previous |
Contact details
Techno Electronics Limited's registered office is in Aurangabad, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressGat No. 82 Chitegaon Tq. Paithan Dist. Aurangabad Village Paithan, Maharashtra, India – 431107
- IndustryConsumer Electronics & Durables, White Goods Retail & Distribution
To see the full contact details of Techno Electronics 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 Techno Electronics is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Techno Electronics Limited, buy the company report.
Financials of Techno Electronics Limited
FY 2016 filings availableTechno Electronics Limited reported revenue of ₹1,025.58 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹1,025.58 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹42.05 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹25.82 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 | 4.1% | |
| Net Profit Margin | -2.5% | |
| 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 Techno Electronics Limited, buy the company report.
Board of directors of Techno Electronics Limited
Techno Electronics has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Kumar Ojha | Whole-Time Director | 05 Oct 2020 | 6 Years 1 Months | As last reported |
| Naresh Kumar Pant | Whole-Time Director | 04 Oct 2023 | 3 Years 1 Months | As last reported |
| Deepak Anant Pednekar Also directs: Videocon Developers Limited, Electroparts (India) Private Limited, Quadrant Enterprises Private Limited and 4 more | Additional Director | 10 Nov 2016 | 10 Years 0 Months | As last reported |
Auditor
Techno Electronics Limited is audited by KADAM & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KADAM & CO | FY 2016 | 104524W |
Shareholding
The shareholding of Techno Electronics Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Techno Electronics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Apr 2013 | 10424996 | Sbicap Trustee Company Limited | ₹20,195 Cr | Open | |
| 30 Apr 2012 | 10352203 | Icici Bank Limited | ₹650 Cr | Open | |
| 24 Apr 2012 | 10353455 | State Bank of India | ₹750 Cr | Open | |
| 17 Apr 2012 | 10352772 | Hdfc Bank Limited | ₹27.94 Lakh | Open | |
| 18 Feb 2012 | 10337395 | Idbi Bank Limited | ₹3,025 Cr | Open |
To see the full charge records of Techno Electronics Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Techno Electronics Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹625.96 Cr; the latest was in March 2016.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Millennium Appliances India Limited Seller: Tangent Electronics Private Limited |
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: Evans Fraser and Co. (India) Limited Seller: Videocon Industries Limited |
| Apr 2011 | Secondary share transfer | Undisclosed | Buyer: Synergy Appliances Private Limited , Tangent Electronics Private Limited Seller: Value Industries Limited |
| Feb 2008 | Funding round | ₹53.95 Cr | Investors: Kail Limited , Videocon Industries Limited , Value Industries Limited |
| Feb 2008 | Secondary share transfer | Undisclosed | Buyer: Kail Limited and Suresh Madhava Hegde, Kail Limited and Anirudh V Dhoot, Kail Limited and Pradipkumar N Dhoot Seller: 4 individuals |
To see the full deal history of Techno Electronics Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Techno Electronics Limited has 38 court cases on record: 7 filed by Techno Electronics, 31 filed against it. 17 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 22 | 22 | 12 |
| Supreme Court | 8 | 7 | 3 |
| High courts | 6 | 1 | 1 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gail (India) Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Twin Star Technologies Limited Through Its Authorised Representative 3Rdfloor, Iffco Tower, PL No. 3, Sector 39,Gurugram, Gurgaon,Haryana ,Gurgaon , Haryana | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bank of Maharashtra | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Disposed |
To see the full case history of Techno Electronics 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 Techno Electronics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Techno Electronics has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCT6860A1ZR | Punjab | Active | 01 Jul 2017 |
| 05AACCT6860A1ZN | Uttarakhand | Active | 01 Jul 2017 |
| 07AACCT6860A1ZJ | Delhi | Active | 01 Jul 2017 |
| 24AACCT6860A1ZN | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Techno Electronics Limited, buy the company report.
Recent activity
Techno Electronics Limited has 16 board changes on record since 2008: 3 appointments and 13 cessations. The latest: Naresh Kumar Pant was appointed as Whole-Time Director on 04 Oct 2023.
52 earlier events are in the company report.
Frequently asked questions
Techno Electronics 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.
Techno Electronics is a company under insolvency, formerly operating as a public limited company based in Aurangabad, Maharashtra, India. The company works in white goods retail and distribution, within the consumer electronics and durables industry. It was incorporated on 29 May 2007 and is registered under CIN U11204MH2007PLC171196. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Techno Electronics has 3 current directors:
- Pankaj Kumar Ojha - Whole-Time Director
- Naresh Kumar Pant - Whole-Time Director
- Deepak Anant Pednekar - Additional Director
The latest financial statements of Techno Electronics on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Techno Electronics is U11204MH2007PLC171196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Techno Electronics has open charges of ₹25,248 Cr and satisfied charges of ₹5,538 Cr as per latest MCA filings.
Techno Electronics has 38 court cases on record: 7 filed by the company and 31 filed against it. 17 are pending. Most are in the nclat.
Techno Electronics was incorporated on 29 May 2007. It is registered with the Registrar of Companies, Mumbai.
Techno Electronics has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹625.96 Cr; the latest was in March 2016.
Naresh Kumar Pant was appointed as Whole-Time Director on 04 Oct 2023. Nitin Shinde ceased to be Additional Director on 03 Aug 2021. Yashwant Singh ceased to be Additional Director on 03 Aug 2021. Techno Electronics has 16 board changes on record in total.
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