Ven-Tech Private Limited
About Ven-Tech Private Limited
Data last updated:
Ven-Tech Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Advik Hi-Tech Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 28 February 2012.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U28910PN2012PTC142410. Its GSTIN is 27AADCV9602R1ZL (Maharashtra).
The company had an authorised share capital of ₹22.31 Cr and a paid-up capital of ₹22.31 Cr. It was led by directors including Vikram Bhartia and Amol Dagwade.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Plot No : A 8 /10 / 4 M.I.D.C . Nigoje Opp Mahindra & Mahindra Ltd Chakan, Pune, Maharashtra, India – 410501.
As per the financials filed for FY 2020, the company reported a revenue of ₹42.78 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹10.27 Cr (net margin -24%) and EBITDA of -₹5.22 Cr (EBITDA margin -12.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 17% over five years.
As per MCA filings, the company had satisfied charges of ₹59.53 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹16.14 Cr; the latest was in January 2019.
Company details
Contact details
Ven-Tech Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No : A 8 /10 / 4 M.I.D.C . Nigoje Opp Mahindra & Mahindra Ltd Chakan, Pune, Maharashtra, India – 410501
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Ven-Tech Private 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 Ven-Tech is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ven-Tech Private Limited, buy the company report.
Financials of Ven-Tech Private Limited
FY 2020 filings availableVen-Tech Private Limited reported revenue of ₹42.78 Cr (down 25% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 134% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹42.78 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.27 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.2% | ||||
| Net Profit Margin | -24% | ||||
| 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 Ven-Tech Private Limited, buy the company report.
Board of directors of Ven-Tech Private Limited
Ven-Tech has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Bhartia Also directs: Kravan Engineering Private Limited, Aap Traders Private Limited | Director | 22 Sep 2012 | 14 Years 1 Months | As last reported |
| Amol Dagwade Also directs: Mirka Builders Limited Liability Partnership, Advik Energy Private Limited, Advik Precision Private Limited and 3 more | Director | 28 Feb 2012 | 14 Years 8 Months | As last reported |
| Prem Prakash Gajpal Also directs: Advik Energy Private Limited, Advik Autocomp Private Limited, Advik Hi-Tech Private Limited and 1 more | Director | 12 Dec 2016 | 9 Years 10 Months | As last reported |
Auditor
Ven-Tech Private Limited is audited by SHARAD SHAH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARAD SHAH & CO | FY 2019 | 109931W |
Shareholding
The shareholding of Ven-Tech Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ven-Tech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2020 | 100328339 | Others | ₹2 Cr | Satisfied | |
| 16 Sep 2016 | 100062600 | Citi Bank N.A. | ₹7 Cr | Satisfied | |
| 23 Mar 2016 | 100031718 | Citi Bank N.A. | ₹8 Cr | Satisfied | |
| 23 Mar 2016 | 100031307 | Others | ₹3 Cr | Satisfied | |
| 23 Mar 2016 | 100031306 | Hdfc Bank Limited | ₹10.75 Cr | Satisfied |
To see the full charge records of Ven-Tech Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Ven-Tech Private Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹16.14 Cr; the latest was in January 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: Advik Hi-Tech Private Limited Seller: an individual |
| Mar 2018 | Rights issue | ₹6.15 Cr | Investors: Advik Hi-Tech Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Advik Hi-Tech Private Limited , Advik Precision Private Limited Seller: an individual |
| Apr 2015 | Funding round | ₹4.66 Cr | Investors: Advik Hi-Tech Private Limited |
| Feb 2014 | Funding round | ₹10.51 Cr | Investors: Advik Hi-Tech Private Limited , 2 individuals |
To see the full deal history of Ven-Tech Private 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
Ven-Tech Private Limited has 2 court cases on record: 1 filed by Ven-Tech, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Bagaria Aluminium Alloys Private Limited Through Ambadas Pandey | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IDA) | Filed by the company against an individual | Disposed |
To see the full case history of Ven-Tech Private 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 Ven-Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ven-Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV9602R1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ven-Tech Private Limited, buy the company report.
Recent activity
Ven-Tech Private Limited has 8 board changes on record since 2012: 3 appointments and 5 cessations. The latest: Shilpa Soni ceased to be Company Secretary on 30 Apr 2020.
17 earlier events are in the company report.
Frequently asked questions
Ven-Tech has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ven-Tech was a private limited company based in Pune, Maharashtra, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 28 February 2012 and is registered under CIN U28910PN2012PTC142410. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ven-Tech was incorporated on 28 February 2012. It is registered with the Registrar of Companies, Pune.
Ven-Tech had 3 directors:
- Vikram Bhartia - Director
- Amol Dagwade - Director
- Prem Prakash Gajpal - Director
The CIN (Corporate Identification Number) of Ven-Tech is U28910PN2012PTC142410. 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 Ven-Tech is at Plot No : A 8 10 4 M.I.D.C . Nigoje Opp Mahindra & Mahindra Ltd Chakan, Pune, Maharashtra, India – 410501.
The latest financial statements of Ven-Tech on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Ven-Tech is 27AADCV9602R1ZL, registered in Maharashtra.
Ven-Tech operated in the automotive industry, in the auto parts and components segment.
Ven-Tech has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹16.14 Cr; the latest was in January 2019.