Upbeat Trading Pvt Ltd
About Upbeat Trading Pvt Ltd
Data last updated:
Upbeat Trading Pvt Ltd was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 24 February 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1994PTC076782. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.25 Cr. It was led by directors Harakhchand Nagindas Shah and Hitesh Harakchand Shah.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 61 Floor – 6th Plot – 99 Gokul Walkeshwar Road Malabar Hill, Mumbai, Maharashtra, India – 400006.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.85 Lakh, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹81.23 Lakh and EBITDA of ₹26,554 (EBITDA margin 6.9%). Revenue has declined at a compounded annual rate (CAGR) of 94% over three years and 72% over five years.
Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending.
Company details
Contact details
Upbeat Trading Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address61 Floor – 6th Plot – 99 Gokul Walkeshwar Road Malabar Hill, Mumbai, Maharashtra, India – 400006
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Upbeat Trading Pvt Ltd, 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 Upbeat Trading is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Upbeat Trading Pvt Ltd, buy the company report.
Financials of Upbeat Trading Pvt Ltd
FY 2022 filings availableUpbeat Trading Pvt Ltd reported revenue of ₹3.85 Lakh (down 81% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 72% over five years, including a 81% fall in the latest year. EBITDA fell 98% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.85 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹26,554 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹81.23 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Upbeat Trading Pvt Ltd, buy the company report.
Board of directors of Upbeat Trading Pvt Ltd
Upbeat Trading has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harakhchand Nagindas Shah | Director | 24 Feb 1994 | 32 Years 8 Months | As last reported |
| Hitesh Harakchand Shah Also directs: Volition Trading Private Limited | Director | 05 Apr 2006 | 20 Years 6 Months | As last reported |
Peer comparison
Upbeat Trading Pvt Ltd is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aspen Steels Private Limited | ₹3.95 Lakh (FY 2021) | 8.0% | Bangalore, Karnataka, India | |||
| Upbeat Trading Pvt Ltdthis company | ₹3.85 Lakh (FY 2022) | -₹81.23 Lakh | -81.0% | Mumbai, Maharashtra, India | ||
| Metalloids Technologies Private Limited | ₹3.72 Lakh (FY 2023) | -84.0% | Udaipur, Rajasthan, India | |||
| Gobindgarh Export (India) Private Limited | ₹3.68 Lakh (FY 2024) | -84.0% | Mandi Gobindgarh, Punjab, India | |||
| Shubh Ferrous Private Limited | ₹3.68 Lakh (FY 2025) | New Delhi, Delhi, India |
To see the full peer comparison of Upbeat Trading Pvt Ltd, buy the company report.
Auditor
Upbeat Trading Pvt Ltd is audited by Vinesh Mehta & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vinesh Mehta & Co | FY 2022 | 115449W |
Shareholding
The shareholding of Upbeat Trading Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Upbeat Trading Pvt Ltd, buy the company report.
Legal cases
Upbeat Trading Pvt Ltd has 5 court cases on record: 3 filed by Upbeat Trading, 2 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Court case (OTH. MISC.APPLI. CRI) | Filed against the company by JM Financial Asset Reconstruction Company Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against J.M. Financial Asset Reconstruction Company Ltd. and 2 others | Disposed |
| Bombay High Court | Appeal | Filed by the company against M/S Major Metals Limited | Disposed |
| Bombay High Court | Company petition | Filed by the company against M/S. Major Metals Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company by an individual | Pending |
To see the full case history of Upbeat Trading Pvt Ltd, 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 Upbeat Trading Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Upbeat Trading 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 Upbeat Trading Pvt Ltd, buy the company report.
Recent activity
Upbeat Trading Pvt Ltd has 2 board changes on record since 1994: 2 appointments. The latest: Hitesh Harakchand Shah was appointed as Director on 05 Apr 2006.
Frequently asked questions
Upbeat Trading has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Upbeat Trading was a private limited company based in Mumbai, Maharashtra, India. The company worked in metal retail and distribution, within the metals and minerals industry. It was incorporated on 24 February 1994 and is registered under CIN U51900MH1994PTC076782. The company has been struck off by the Registrar of Companies and is no longer operational.
Upbeat Trading had 2 directors:
- Harakhchand Nagindas Shah - Director
- Hitesh Harakchand Shah - Director
The CIN (Corporate Identification Number) of Upbeat Trading is U51900MH1994PTC076782. 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 Upbeat Trading is at 61 Floor – 6th Plot – 99 Gokul Walkeshwar Road Malabar Hill, Mumbai, Maharashtra, India – 400006.
Upbeat Trading was incorporated on 24 February 1994. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Upbeat Trading on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Upbeat Trading has 1 GST registration on record and it is cancelled or inactive.
Upbeat Trading operated in the metals and minerals industry, in the metal retail and distribution segment. It worked in this industry before it was struck off.
The peers of Upbeat Trading by revenue are Aspen Steels Private Limited, Metalloids Technologies Private Limited, Gobindgarh Export (India) Private Limited, Shubh Ferrous Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Upbeat Trading has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.