About Tecpro Systems Limited
Data last updated:
Tecpro Systems Limited is a public limited company based in New Delhi, Delhi, India. 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 material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 07 November 1990.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1990PLC041985. Its GSTIN is 20AABCT4355K2ZG (Jharkhand). The company holds 10 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹131.15 Cr and a paid-up capital of ₹50.47 Cr. It was formerly known as Tecpro Systems Pvt. Ltd. It is led by directors including Ajay Kumar Bishnoi (Managing Director) and Amul Gabrani (Managing Director).
Its last annual general meeting (AGM) was held on 30 December 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 106 Vishwadeep Tower Plot No. 4 District Centre Janak Puri, New Delhi, Delhi, India – 110058.
As per the financials filed for FY 2014, the company reported a revenue of ₹865.12 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹569.02 Cr (net margin -65.8%) and EBITDA of -₹59.17 Cr (EBITDA margin -6.8%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 2 brands: Hakoba and Tecpro. As per MCA filings, the company has open charges of ₹12,704 Cr and satisfied charges of ₹655.24 Cr on record. Court records list 455 cases involving the company, including 86 filed by the company and 369 filed against it; 49 cases are pending. The company has 16 deals on record (9 secondary share transfers, 3 funding rounds, 3 market trades), with disclosed funding of ₹124.38 Cr; the latest was in December 2015.
The last known website on record is tecprosystems.com.
Company details
CIN history
Tecpro Systems has one previous CIN (Corporate Identification Number): U74899DL1990PLC041985. The current CIN is L74899DL1990PLC041985, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74899DL1990PLC041985 | Current |
| U74899DL1990PLC041985 | Previous |
Contact details
Tecpro Systems Limited's registered office is in New Delhi, Delhi. Its website is tecprosystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address106 Vishwadeep Tower Plot No. 4 District Centre Janak Puri, New Delhi, Delhi, India – 110058
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Tecpro Systems 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
Tecpro Systems operates two associated brands: Hakoba and Tecpro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Women's apparel is offered through an internet-first brand. | hakoba.in | |
| Conveyors and material handling systems are manufactured and supplied. | tecprosystems.com |
Financials of Tecpro Systems Limited
FY 2015 filings availableTecpro Systems Limited reported revenue of ₹865.12 Cr (down 65% YoY) for FY 2014.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over three years, including a 65% fall 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 2013-14 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹865.12 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹59.17 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹569.02 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 2013-14 |
|---|---|
| Profitability | |
| EBITDA Margin | -6.8% |
| Net Profit Margin | -65.8% |
| 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 Tecpro Systems Limited, buy the company report.
Board of directors of Tecpro Systems Limited
Tecpro Systems has 3 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Kumar Bishnoi Also directs: Great Asian Institute of Management & Technology | Managing Director | 06 Apr 2002 | 24 Years 6 Months | As last reported |
| Amul Gabrani | Managing Director | 07 Nov 1990 | 35 Years 11 Months | As last reported |
| Rajendra Prasad Singh | Additional Director | 24 Feb 2016 | 10 Years 7 Months | As last reported |
Shareholding
The shareholding of Tecpro Systems Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Tecpro Systems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2014 | 10489150 | Others | ₹150 Cr | Open | |
| 02 Sep 2013 | 10445958 | Edelweiss Asset Reconstruction Company Limited | ₹95 Cr | Open | |
| 02 Sep 2013 | 10445946 | Edelweiss Asset Reconstruction Company Limited | ₹24.5 Cr | Open | |
| 02 May 2013 | 10427374 | Edelweiss Asset Reconstruction Company Limited | ₹61.5 Cr | Open | |
| 26 Apr 2013 | 10427479 | Others | ₹5,447.5 Cr | Open |
To see the full charge records of Tecpro Systems Limited, buy the company report.
Total charge records: 137 View all charges
Deals & funding
Tecpro Systems Limited has 16 deals on record (9 secondary share transfers, 3 funding rounds, 3 market trades), with disclosed funding of ₹124.38 Cr; the latest was in December 2015.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: Unity Stone Investments Co (Mauritius) Ltd, Resurgence PE Investments, an individual Seller: Idfc Premier Equity Fund, Dsp Blackrock Micro Cap Fund, Credit Suisse Private Equity |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Macquarie Asia Pacific Co Investment Fund LP, Kotak Mahindra International Limited, 2 individuals Seller: Dsp Blackrock Micro Cap Fund, Idfc Premier Equity Fund, Kitara Capital |
| Oct 2010 | Market trade | ₹241.19 Cr | Buyer: Crosseas Capital Markets Private Limited , Opg Securities Private Limited , Smart Equity Brokers Private Limited. Seller: Crosseas Capital Markets Private Limited , Opg Securities Private Limited , Smart Equity Brokers Private Limited. |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Resurgence PE Investments, Fusion Fittings (I) Limited , 2 individuals |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: Others Tecpro Systems Limited, an individual Seller: Kotak Mahindra Capital Company Limited , 3 individuals |
To see the full deal history of Tecpro Systems 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
Tecpro Systems Limited has 455 court cases on record: 86 filed by Tecpro Systems, 369 filed against it. 49 cases are pending and 406 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 233 | 224 | 24 |
| High courts | 199 | 128 | 24 |
| Supreme Court | 12 | 9 | 1 |
| NCLAT | 10 | 8 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 455)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Revision petition | Filed against the company by Andhra Pradesh Power Generation Corporation Limited (Apgenco) | Pending |
| High Court for State of Telangana | Revision petition | Filed against the company by M/S. Va Tech Wabag Limited, | Pending |
| Patna High Court | Commercial matter | Filed against the company by M/S Aneja Constructions (India) Private Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by NTPC Ltd | Pending |
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by M/S Maharashtra Seamless Ltd (Public Ltd. Through Authorised Officials Shri. Krishna Kumar Pandey | Pending |
To see the full case history of Tecpro Systems 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
Tecpro Systems Limited was last rated by Crisil on 27 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Oct 2020 |
To see the full credit ratings and regulatory alerts of Tecpro Systems Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tecpro Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Tecpro Systems has 4 subsidiary companies. This group structure data is as of FY 2015. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Tecpro Energy Limited | U29150DL2005PLC137436 | |
| Eversun Energy Private Limited | U40108PN2010PTC135475 | |
| Ajmer Waste Processing Company Private Limited | U90002RJ2006PTC023441 | |
| Bikaner Waste Processing Company Private Limited | U90002RJ2007PTC023981 |
To see the full group structure of Tecpro Systems Limited, buy the company report.
Employees & EPFO
Tecpro Systems Limited has a workforce of 2 employees on its EPFO records as of Apr 07, 2024, across 4 active EPFO establishments.
GST
Tecpro Systems has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AABCT4355K2ZG | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tecpro Systems Limited, buy the company report.
Recent activity
Tecpro Systems Limited has 45 board changes on record since 1990: 24 appointments and 21 cessations. The latest: Monika Pareek ceased to be Additional Director on 30 Dec 2016.
261 earlier events are in the company report.
Frequently asked questions
Tecpro Systems 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.
Tecpro Systems is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 07 November 1990 and is registered under CIN L74899DL1990PLC041985. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Tecpro Systems has 3 current directors:
- Ajay Kumar Bishnoi - Managing Director
- Amul Gabrani - Managing Director
- Rajendra Prasad Singh - Additional Director
The latest financial statements of Tecpro Systems on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 December 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Tecpro Systems is L74899DL1990PLC041985. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tecpro Systems is recorded as a listed company by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Tecpro Systems has open charges of ₹12,704 Cr and satisfied charges of ₹655.24 Cr as per latest MCA filings.
Tecpro Systems has 455 court cases on record: 86 filed by the company and 369 filed against it. 49 are pending. Most are in the district courts.
Tecpro Systems was incorporated on 07 November 1990. It is registered with the Registrar of Companies, Delhi.
Tecpro Systems has 16 deals on record (9 secondary share transfers, 3 funding rounds, 3 market trades), with disclosed funding of ₹124.38 Cr; the latest was in December 2015.