Titan Energy Systems Limited
About Titan Energy Systems Limited
Data last updated:
Titan Energy Systems Limited was a public limited company based in Telangana, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 13 January 1995.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U31200TG1995PLC019206. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹10.55 Cr and a paid-up capital of ₹10.52 Cr. It was led by directors including Santhi Yogananda Sankara Rao Chodagam (Managing Director) and Chodagam Aravind.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 16 Aruna Enclave Tirumalghery Secunderabad, Telangana, India.
As per the financials filed for FY 2018, the company reported a revenue of ₹21.67 Lakh. For the same year it recorded a net loss of ₹1.25 Cr and EBITDA of -₹1.25 Cr. Revenue has declined at a compounded annual rate (CAGR) of 49% over three years.
The company was associated with 1 brand: Titan Energy Systems. As per MCA filings, the company had open charges of ₹162.7 Cr and satisfied charges of ₹26.55 Cr on record. Court records list 29 cases involving the company, including 3 filed by the company and 26 filed against it; 3 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹15.85 Cr; the latest was in October 2010.
Company details
CIN history
Titan Energy Systems has one previous CIN (Corporate Identification Number): U31200AP1995PLC019206. The current CIN is U31200TG1995PLC019206, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31200TG1995PLC019206 | Current |
| U31200AP1995PLC019206 | Previous |
Contact details
Titan Energy Systems Limited's registered office is in Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address16 Aruna Enclave Tirumalghery Secunderabad, Telangana, India
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Titan Energy 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
Titan Energy Systems operates one associated brand: Titan Energy Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of solar energy modules, and solar EPC company | titan-energy.com |
Business activity
The main business activity of Titan Energy Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
Financials of Titan Energy Systems Limited
FY 2018 filings availableTitan Energy Systems Limited reported revenue of ₹21.67 Lakh for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over three years. EBITDA fell 138% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹21.67 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1.25 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.25 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | ||||
| 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 Titan Energy Systems Limited, buy the company report.
Board of directors of Titan Energy Systems Limited
Titan Energy Systems has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chodagam Aravind Also directs: Access Solar Limited | Director | 19 Mar 2018 | 8 Years 7 Months | As last reported |
| Chodagam Sasidhar | Director | 01 Feb 2005 | 21 Years 8 Months | As last reported |
| Aruna Chodagam | Director | 19 Mar 2018 | 8 Years 7 Months | As last reported |
| Santhi Yogananda Sankara Rao Chodagam | Managing Director | 02 Feb 1995 | 31 Years 8 Months | As last reported |
Auditor
Titan Energy Systems Limited is audited by S K LAHOTI ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K LAHOTI ASSOCIATES | FY 2018 | 001819S |
Shareholding
The shareholding of Titan Energy Systems Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Titan Energy Systems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2010 | 10216221 | Barclays Bank Plc | ₹18 Cr | Open | |
| 20 Jun 2008 | 10114584 | 3I Infotech Trusteeship Services Limited | ₹21 Cr | Open | |
| 12 Jun 2008 | 10115521 | State Bank of India | ₹22 Cr | Open | |
| 21 May 2008 | 10112188 | State Bank of India | ₹9.54 Cr | Open | |
| 23 Nov 2007 | 10084117 | State Bank of India | ₹92 Cr | Open |
To see the full charge records of Titan Energy Systems Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Titan Energy Systems Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹15.85 Cr; the latest was in October 2010.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2010 | Funding round | ₹15 Cr | Investors: IFCI Ventures |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Titan Consultants and Services Ltd , Titan Technocracts Private Limited |
| Mar 2010 | Funding round | ₹84.9 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Titan Energy Systems Limited has 29 court cases on record: 3 filed by Titan Energy Systems, 26 filed against it. 3 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 18 | 3 |
| District courts | 10 | 7 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed against the company by Icici Bank Limited, | Pending |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed by the company against Luminus Energy P Ltd Susan Moneteiro | Disposed |
| High Court, TELANGANA | Court case (CRLP) | Filed against the company by M/S. Luminus Energy Pvt. Ltd. and 1 other | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ms Union Batteries Pvt Ltd | Disposed |
| High Court for State of Telangana | Court case (CRLP) | Filed against the company | Pending |
To see the full case history of Titan Energy 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Titan Energy Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Titan Energy Systems Limited has 1 active EPFO establishment as of Mar 23, 2024.
GST
Titan Energy Systems has 3 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 Titan Energy Systems Limited, buy the company report.
Recent activity
Titan Energy Systems Limited has 14 board changes on record since 1995: 4 appointments and 10 cessations. The latest: Poonam Garg ceased to be Nominee Director on 05 Dec 2018.
35 earlier events are in the company report.
Frequently asked questions
Titan Energy Systems has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Titan Energy Systems was a public limited company based in Telangana, India. The company worked in power equipment manufacturers, within the energy and power industry. It was incorporated on 13 January 1995 and is registered under CIN U31200TG1995PLC019206. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Titan Energy Systems was incorporated on 13 January 1995. It is registered with the Registrar of Companies, Hyderabad.
Titan Energy Systems had 4 directors:
- Santhi Yogananda Sankara Rao Chodagam - Managing Director
- Chodagam Aravind - Director
- Chodagam Sasidhar - Director
- Aruna Chodagam - Director
The CIN (Corporate Identification Number) of Titan Energy Systems is U31200TG1995PLC019206. 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 Titan Energy Systems is at 16 Aruna Enclave Tirumalghery Secunderabad, Telangana, India.
The latest financial statements of Titan Energy Systems on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Titan Energy Systems has 3 GST registrations on record and all of them are cancelled or inactive.
Titan Energy Systems operated in the energy and power industry, in the power equipment manufacturers segment.
Titan Energy Systems has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹15.85 Cr; the latest was in October 2010.
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