About Venture Power Systems India Private Limited
Data last updated:
Venture Power Systems India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Electronic Controls And Discharge Systems Private Limited. 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 power equipment manufacturers segment of the energy and power sector. It was incorporated on 07 September 2001.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U31901TN2001PTC047708. Its GSTIN is 33AABCV2686B1ZL (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹14.5 Cr and a paid-up capital of ₹13.75 Cr. It was formerly known as Venture Power Systems India Limited. It is led by directors including Manikunnath Gopalakurup Radhakrishnan and Kariyarath Valappil Praveen.
Its last annual general meeting (AGM) was held on 06 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Plot D6 Phase II Zone B Mepz Tambaram, Chennai, Tamil Nadu, India – 600045.
As per the financials filed for FY 2019, the company reported a revenue of ₹49.01 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹4.6 Cr (net margin -9.4%) and EBITDA of -₹1.69 Cr (EBITDA margin -3.5%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years.
The company has about 131 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21 Cr and satisfied charges of ₹23 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 2 cases are pending.
The last known website on record is venturepower.co.in.
Company details
CIN history
Venture Power Systems India has one previous CIN (Corporate Identification Number): U31901TN2001PLC047708. The current CIN is U31901TN2001PTC047708, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31901TN2001PTC047708 | Current |
| U31901TN2001PLC047708 | Previous |
Contact details
Venture Power Systems India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is venturepower.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPlot D6 Phase II Zone B Mepz Tambaram, Chennai, Tamil Nadu, India – 600045
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Venture Power Systems India 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 Venture Power Systems India 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 |
To see the full business activity and turnover split of Venture Power Systems India Private Limited, buy the company report.
Financials of Venture Power Systems India Private Limited
FY 2019 filings availableVenture Power Systems India Private Limited reported revenue of ₹49.01 Cr (down 35% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over three years, including a 35% fall in the latest year. EBITDA fell 158% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹49.01 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.6 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.5% | ||||
| Net Profit Margin | -9.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Venture Power Systems India Private Limited, buy the company report.
Board of directors of Venture Power Systems India Private Limited
Venture Power Systems India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manikunnath Gopalakurup Radhakrishnan | Director | 30 Sep 2006 | 20 Years 1 Months | As last reported |
| Kariyarath Valappil Praveen | Director | 30 Sep 2006 | 20 Years 1 Months | As last reported |
| Jose Kattoor John | Director | 01 Aug 2011 | 15 Years 3 Months | As last reported |
Peer comparison
Venture Power Systems India Private Limited is compared with the 6 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shreya Ex-Tech Private Limited | ₹50.06 Cr (FY 2025) | 14.0% | Vadodara, Gujarat, India | |||
| Global Wind Power Limited | ₹49.8 Cr (FY 2024) | -29.0% | Mumbai, Maharashtra, India | |||
| Ultech Energies Private Limited | ₹49.47 Cr (FY 2025) | 385.0% | Pune, Maharashtra, India | |||
| Kasa Anlagen India Private Limited | ₹49.32 Cr (FY 2025) | 17.0% | Chennai, Tamil Nadu, India | |||
| United Industrial Components Company Private Limited | ₹49.23 Cr (FY 2025) | 27.0% | Navi Mumbai, Maharashtra, India | |||
| Venture Power Systems India Private Limitedthis company | ₹49.01 Cr (FY 2019) | -₹4.6 Cr | -9.4% | -35.0% | 131 | Chennai, Tamil Nadu, India |
| Epsilon Engineering Limited | ₹48.55 Cr (FY 2024) | -4.0% | Gandhinagar, Gujarat, India |
To see the full peer comparison of Venture Power Systems India Private Limited, buy the company report.
Auditor
Venture Power Systems India Private Limited is audited by B SIVARAMAN & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B SIVARAMAN & ASSOCIATES | FY 2019 | 007093S |
Shareholding
The shareholding of Venture Power Systems India Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | 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 Venture Power Systems India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2012 | 10349172 | Bank of India | ₹21 Cr | Open | |
| 28 Nov 2013 | 10472988 | Aditya Birla Finance Limited | ₹13 Cr | Satisfied | |
| 23 Oct 2009 | 10184866 | Barclays Bank Plc | ₹10 Cr | Satisfied |
To see the full charge records of Venture Power Systems India Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Venture Power Systems India Private Limited has 8 court cases on record: 2 filed by Venture Power Systems India, 6 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 2 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Commercial matter | Filed against the company by Galaxy Stamping Pvt Ltd | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by SH Haryana Wires Ltd | Disposed |
| District court, Kancheepuram, Tamil Nadu | Civil suit | Filed against the company by M/S Raj Brothers Agencies (India) Rep by Its Partner Vishal Kumar | Pending |
| District court, Chengalpattu, Tamil Nadu | Civil suit | Filed against the company by M/S Raj Brothers Agencies (India) Rep by Its Partner Vishal Kumar | Disposed |
| NCLT, Chennai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Venture Power Systems India 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.
Credit ratings & regulatory alerts
Venture Power Systems India Private Limited was last rated by Crisil on 30 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Nov 2020 |
To see the full credit ratings and regulatory alerts of Venture Power Systems India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Venture Power Systems India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Venture Power Systems India Private Limited has a workforce of 131 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Venture Power Systems India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCV2686B1ZL | Tamil Nadu | Active | 01 Jul 2017 |
| 24AABCV2686B1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Venture Power Systems India Private Limited, buy the company report.
Recent activity
Venture Power Systems India Private Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Joseph Enok ceased to be Director on 01 Oct 2011.
4 earlier events are in the company report.
Frequently asked questions
Venture Power Systems India 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.
Venture Power Systems India is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 07 September 2001 and is registered under CIN U31901TN2001PTC047708. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Venture Power Systems India has 3 current directors:
- Manikunnath Gopalakurup Radhakrishnan - Director
- Kariyarath Valappil Praveen - Director
- Jose Kattoor John - Director
The latest financial statements of Venture Power Systems India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 06 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Venture Power Systems India is U31901TN2001PTC047708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Venture Power Systems India has open charges of ₹21 Cr and satisfied charges of ₹23 Cr as per latest MCA filings.
Venture Power Systems India has 8 court cases on record: 2 filed by the company and 6 filed against it. 2 are pending. Most are in the district courts.
Venture Power Systems India was incorporated on 07 September 2001. It is registered with the Registrar of Companies, Chennai.
The peers of Venture Power Systems India by revenue are Shreya Ex-Tech Private Limited, Global Wind Power Limited, Ultech Energies Private Limited, Kasa Anlagen India Private Limited, United Industrial Components Company Private Limited and 1 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Joseph Enok ceased to be Director on 01 Oct 2011. Jose Kattoor John was appointed as Director on 01 Aug 2011. Kariyarath Valappil Praveen was appointed as Director on 30 Sep 2006. Venture Power Systems India has 5 board changes on record in total.
Venture Power Systems India can be reached through the website venturepower.co.in. Its registered office is in Chennai, Tamil Nadu, India.
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