About Tulip Telecom Limited
Data last updated:
Tulip Telecom 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 IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 19 May 1992.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1992PLC048817. It is recorded as listed by MCA, but its shares were delisted from NSE on 30 May 2018 · winding up and from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹29 Cr. It is led by directors including Hardeep Singh Bedi (Managing Director) and Rajesh Gulshan.
Its last annual general meeting (AGM) was held on 30 August 2011, and its latest financial statements are for the year ended 31 March 2011. The registered office is at C – 160 Okhla Industrial Areaphase – I, New Delhi, Delhi, India – 110020.
The company is associated with 1 brand: Tulip Telecom. As per MCA filings, the company has open charges of ₹5,928.48 Cr and satisfied charges of ₹225 Cr on record. Court records list 284 cases involving the company, including 26 filed by the company and 258 filed against it; 31 cases are pending. The company has 40 deals on record (38 market trades, 1 funding round, 1 ipo); the latest was in July 2014.
The last known website on record is tulip.net.
Company details
CIN history
Tulip Telecom has one previous CIN (Corporate Identification Number): U74899DL1992PLC048817. The current CIN is L74899DL1992PLC048817, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74899DL1992PLC048817 | Current |
| U74899DL1992PLC048817 | Previous |
Contact details
Tulip Telecom Limited's registered office is in New Delhi, Delhi.
- Registered AddressC – 160 Okhla Industrial Areaphase – I, New Delhi, Delhi, India – 110020
- IndustryInformation Technology, IT Products Retail & Distribution
- 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
Tulip Telecom operates one associated brand: Tulip Telecom. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers enterprise communications and data center services to businesses. | tulip.net |
Financials of Tulip Telecom Limited
FY 2011 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Tulip Telecom Limited, buy the company report.
Board of directors of Tulip Telecom Limited
Tulip Telecom has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hardeep Singh Bedi Also directs: Sharad Enterprises Private Ltd, JSR IT World Private Limited, Cedar Infonet Private Limited and 4 more | Managing Director | 15 Oct 1994 | 32 Years 0 Months | As last reported |
| Rajesh Gulshan | Director | 19 Mar 2005 | 21 Years 7 Months | As last reported |
| Rajiv Wadhwa | Additional Director | 07 Jul 2014 | 12 Years 3 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2013 | 10425462 | Bank of India | ₹691.35 Cr | Open | |
| 27 Jul 2012 | 10372176 | Dbs Bank Ltd. | ₹92.13 Cr | Open | |
| 30 Mar 2012 | 10347831 | Punjab National Bank | ₹150 Cr | Open | |
| 27 Feb 2012 | 10338301 | Idbi Trusteeship Services Limited | ₹250 Cr | Open | |
| 07 Feb 2012 | 10336836 | Infrastructure Development Finance Company Limited | ₹100 Cr | Open |
To see the full charge records of Tulip Telecom Limited, buy the company report.
Total charge records: 38 View all charges
Deals & funding
Tulip Telecom Limited has 40 deals on record (38 market trades, 1 funding round, 1 ipo); the latest was in July 2014.
Deals on record (5 of 40)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2014 | Market trade | ₹27 Lakh | Seller: Religare Finvest Limited |
| Oct 2012 | Market trade | ₹4.1 Cr | Seller: Ecl Finance Limited |
| Jul 2012 | Market trade | ₹17.89 Cr | Buyer: Crosseas Capital Markets Private Limited Seller: Crosseas Capital Markets Private Limited |
| Oct 2010 | Market trade | ₹30.8 Cr | Buyer: Icici Prudential Life Insurance Company Limited Seller: Ubs Securities Asia Ltd. A/C Swiss Fin. Corp. (Mau |
| Aug 2010 | Market trade | ₹63.37 Cr | Buyer: Icici Prudential Life Insurance Company Limited Seller: Lehman Brothers Investment Management Company Ltd, Citigroup Global Markets Mauritius Pvt Ltd |
To see the full deal history of Tulip Telecom 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
Tulip Telecom Limited has 284 court cases on record: 26 filed by Tulip Telecom, 258 filed against it. 31 cases are pending and 253 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 204 | 195 | 25 |
| High courts | 79 | 62 | 6 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 284)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhopal, Madhya Pradesh | Court case (EX B) | Filed against the company by Bharat Sanchar Nigam Ltd. | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Bharti Airtel Ltd | Pending |
| High Court of Delhi | Court case (CO.APP.) | Filed against the company by Edelweiss Asset Reconstruction Company Limited | Disposed |
| District court, South East, Delhi | Execution petition | Filed against the company by HDFC Bank Ltd. | Disposed |
| District court, South, Delhi | Revision petition | Filed against the company by Viom Networks Ltd. | Disposed |
To see the full case history of Tulip Telecom 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
Tulip Telecom Limited was last rated by Icra on 15 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Jun 2022 |
To see the full credit ratings and regulatory alerts of Tulip Telecom Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tulip Telecom Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Tulip Telecom Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Tulip Telecom Limited has 27 board changes on record since 1994: 15 appointments and 12 cessations. The latest: Rajiv Wadhwa was appointed as Additional Director on 07 Jul 2014.
74 earlier events are in the company report.
Frequently asked questions
Tulip Telecom 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.
Tulip Telecom is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 19 May 1992 and is registered under CIN L74899DL1992PLC048817. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Tulip Telecom has 3 current directors:
- Hardeep Singh Bedi - Managing Director
- Rajesh Gulshan - Director
- Rajiv Wadhwa - Additional Director
The latest financial statements of Tulip Telecom on record with the MCA are for the year ended 31 March 2011. Its last annual general meeting was held on 30 August 2011. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Tulip Telecom is L74899DL1992PLC048817. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tulip Telecom is recorded as a listed company by MCA, but its shares were delisted from NSE on 30 May 2018 · winding up and from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
Tulip Telecom has open charges of ₹5,928.48 Cr and satisfied charges of ₹225 Cr as per latest MCA filings.
Tulip Telecom has 284 court cases on record: 26 filed by the company and 258 filed against it. 31 are pending. Most are in the district courts.
Tulip Telecom was incorporated on 19 May 1992. It is registered with the Registrar of Companies, Delhi.
Tulip Telecom has 40 deals on record (38 market trades, 1 funding round, 1 ipo); the latest was in July 2014.