About Videocon Telecommunications Limited
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Videocon Telecommunications Limited is a public limited company based in Paithan, Maharashtra, India, a subsidiary of Electroworld Digital Solutions Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the telecom service providers segment of the telecommunications sector. It was incorporated on 07 June 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2007PLC204763. Its GSTIN is 27AACCD6756F1ZK (Maharashtra). The company holds 32 GST registrations, of which 22 are active.
The company has an authorised share capital of ₹8,000 Cr and a paid-up capital of ₹8,000 Cr. It was formerly known as Datacom Solutions Private Limited and Datacom Solutions Limited. It is led by directors including Mansukhlal Panalal Surpuriya and Subhash Shamsunder Dayama.
Its last annual general meeting (AGM) was held on 06 November 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Gat No. 82 Chitegaon, Tq Paithan Dist Aurangabad, Maharashtra, India – 431105.
As per the financials filed for FY 2019, the company reported a revenue of ₹11.61 Cr, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹591.6 Cr and EBITDA of -₹221.27 Cr. Revenue has declined at a compounded annual rate (CAGR) of 78% over three years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Videocon Telecom and Videocon. As per MCA filings, the company has open charges of ₹15,300 Cr on record. Court records list 103 cases involving the company, including 22 filed by the company and 81 filed against it; 38 cases are pending. The company has 11 deals on record (4 funding rounds, 4 secondary share transfers, 2 rights issues), with disclosed funding of ₹6,278.99 Cr; the latest was in March 2018.
The last known website on record is videocontelecom.com.
Company details
Name history
Videocon Telecommunications has undergone 2 name changes throughout its history. The company was previously known as Datacom Solutions Private Limited, and Datacom Solutions Limited. The current legal name is Videocon Telecommunications Limited.
| Company Name | Status |
|---|---|
| Videocon Telecommunications Limited | Current |
| Datacom Solutions Private Limited | Previous |
| Datacom Solutions Limited | Previous |
CIN history
Videocon Telecommunications has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72900MH2007PLC204763, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH2007PLC204763 | Current |
| U72900PB2007PTC031195 | Previous |
| U72900PB2007PLC031195 | Previous |
Contact details
Videocon Telecommunications Limited's registered office is in Paithan, Maharashtra. Its website is videocontelecom.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGat No. 82 Chitegaon, Tq Paithan Dist Aurangabad, Maharashtra, India – 431105
- IndustryTelecom, Telecom Service Providers
To see the full contact details of Videocon Telecommunications 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
Videocon Telecommunications operates two associated brands: Videocon Telecom and Videocon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a provider of mobile telecommunication services. | videocontelecom.com | |
| Consumer electronics and appliances are manufactured by Videocon in India. | videocon.com |
Business activity
The main business activity of Videocon Telecommunications is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Videocon Telecommunications Limited, buy the company report.
Financials of Videocon Telecommunications Limited
FY 2019 filings availableVideocon Telecommunications Limited reported revenue of ₹11.61 Cr (down 93% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 78% over three years, including a 93% fall 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
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| EBITDA | -₹221.27 Cr | ||||
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| Net Profit (PAT) | -₹591.6 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Videocon Telecommunications Limited, buy the company report.
Board of directors of Videocon Telecommunications Limited
Videocon Telecommunications has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mansukhlal Panalal Surpuriya Also directs: Mercury Business Solutions Limited, Altisun Energy Limited, Goldenarch Distributions Private Limited and 2 more | Director | 14 May 2016 | 10 Years 5 Months | As last reported |
| Sarita Sanjay Surve | Additional Director | 15 Dec 2017 | 8 Years 10 Months | As last reported |
| Subhash Shamsunder Dayama Also directs: Tressa Electronics Pvt Ltd, Endurance Properties and Advisors Private Limited, Senator Properties Private Limited and 1 more | Director | 10 Jun 2008 | 18 Years 4 Months | As last reported |
Auditor
Videocon Telecommunications Limited is audited by Khandelwal Jain & Co for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khandelwal Jain & Co | FY 2018 | 105049W |
Shareholding
The shareholding of Videocon Telecommunications Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Videocon Telecommunications Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2011 | 10281971 | Sbicap Trustee Company Limited | ₹7,150 Cr | Open | |
| 11 Oct 2010 | 10245929 | Sbicap Trustee Company Limited | ₹7,150 Cr | Open | |
| 07 Jan 2010 | 10198039 | State Bank of India | ₹1,000 Cr | Open |
Total charge records: 3 View all charges
Deals & funding
Videocon Telecommunications Limited has 11 deals on record (4 funding rounds, 4 secondary share transfers, 2 rights issues), with disclosed funding of ₹6,278.99 Cr; the latest was in March 2018.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Electroworld Digital Solutions Limited Seller: Evans Fraser and Co. (India) Limited |
| Mar 2016 | Acquisition | ₹4,424.53 Cr | Buyer: Bharti Airtel Limited Seller: Videocon Telecommunications Limited |
| Jun 2015 | Rights issue | ₹800 Cr | Investors: Electroworld Digital Solutions Limited , Videocon Industries Limited , Jumbo Techno Services Private Limited |
| Jun 2014 | Rights issue | ₹921 Cr | Investors: Electroworld Digital Solutions Limited , Videocon Industries Limited , Jumbo Techno Services Private Limited |
| May 2013 | Funding round | ₹1,104 Cr | Investors: Electroworld Digital Solutions Limited , Videocon Industries Limited , Jumbo Techno Services Private Limited |
To see the full deal history of Videocon Telecommunications 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
Videocon Telecommunications Limited has 103 court cases on record: 22 filed by Videocon Telecommunications, 81 filed against it. 38 cases are pending and 65 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 37 | 25 | 6 |
| Supreme Court | 31 | 22 | 16 |
| NCLAT | 28 | 28 | 15 |
| District courts | 7 | 6 | 1 |
Cases on record (5 of 103)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gail (India) Limited | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Twin Star Technologies Limited Through Its Authorised Representative 3Rdfloor, Iffco Tower, PL No. 3, Sector 39,Gurugram, Gurgaon,Haryana ,Gurgaon , Haryana | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bank of Maharashtra | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against M/S Sheng Li Telecom India Pvt. Ltd. and 2 others | Pending |
To see the full case history of Videocon Telecommunications 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 Videocon Telecommunications Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Videocon Telecommunications has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Videocon Easypay Private Limited | U64100PB2008PTC031630 |
To see the full group structure of Videocon Telecommunications Limited, buy the company report.
Employees & EPFO
Videocon Telecommunications Limited has a workforce of 2 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Videocon Telecommunications has 32 GST registrations: 22 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD6756F1ZK | Maharashtra | Active | 01 Jul 2017 |
| 03AACCD6756F1ZU | Punjab | Active | 01 Jul 2017 |
| 04AACCD6756F1ZS | Chandigarh | Active | 01 Jul 2017 |
| 05AACCD6756F1ZQ | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Videocon Telecommunications Limited, buy the company report.
Recent activity
Videocon Telecommunications Limited has 20 board changes on record since 2007: 3 appointments and 17 cessations. The latest: Chandrashekhar Ashok Nagarkar ceased to be Company Secretary on 29 Feb 2024.
14 earlier events are in the company report.
News
Frequently asked questions
Videocon Telecommunications is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Videocon Telecommunications is a company under insolvency, formerly operating as a public limited company based in Paithan, Maharashtra, India. The company works in telecom service providers, within the telecom industry. It was incorporated on 07 June 2007 and is registered under CIN U72900MH2007PLC204763. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Videocon Telecommunications has 3 current directors:
- Mansukhlal Panalal Surpuriya - Director
- Sarita Sanjay Surve - Additional Director
- Subhash Shamsunder Dayama - Director
The latest financial statements of Videocon Telecommunications on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 06 November 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Videocon Telecommunications is U72900MH2007PLC204763. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Videocon Telecommunications has open charges of ₹15,300 Cr and no satisfied charges on record as per latest MCA filings.
Videocon Telecommunications has 103 court cases on record: 22 filed by the company and 81 filed against it. 38 are pending. Most are in the high courts.
Videocon Telecommunications was incorporated on 07 June 2007. It is registered with the Registrar of Companies, Mumbai.
Videocon Telecommunications has 11 deals on record (4 funding rounds, 4 secondary share transfers, 2 rights issues), with disclosed funding of ₹6,278.99 Cr; the latest was in March 2018.
Chandrashekhar Ashok Nagarkar ceased to be Company Secretary on 29 Feb 2024. Pradeep Paliwal ceased to be CEO on 31 Mar 2023. Sarita Sanjay Surve was appointed as Additional Director on 15 Dec 2017. Videocon Telecommunications has 20 board changes on record in total.
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