About Vignyan Industries Limited
Data last updated:
Vignyan Industries Limited is a public limited company based in Chikmagalur, Karnataka, India, a subsidiary of Beml 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 die casting and metal forming segment of the manufacturing sector. It was incorporated on 25 September 1963.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51101KA1963PLC001510. Its GSTIN is 29AAACV9658A1Z3 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.79 Cr. It was formerly known as The Vignyan Industries Limited and The Vignyan Industries P Limited. It is led by directors including Shanmukh Muchinamane Lingappa and Ajit Kumar Srivastav.
Its last annual general meeting (AGM) was held on 09 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Haliyur B.H.Road. Tarikere Post Chikamagalur Dist, Chikmagalur, Karnataka, India – 577228.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.45 Cr, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹6.12 Cr (net margin -423.2%) and EBITDA of -₹4.84 Cr (EBITDA margin -334.2%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years and 46% over five years.
The company has about 70 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11.84 Cr and satisfied charges of ₹11.17 Cr on record. Court records list 21 cases involving the company, including 12 filed by the company and 9 filed against it; 1 case is pending.
The last known website on record is bemlindia.in.
Company details
Name history
Vignyan Industries has undergone 2 name changes throughout its history. The company was previously known as The Vignyan Industries Limited, and The Vignyan Industries P Limited. The current legal name is Vignyan Industries Limited.
| Company Name | Status |
|---|---|
| Vignyan Industries Limited | Current |
| The Vignyan Industries Limited | Previous |
| The Vignyan Industries P Limited | Previous |
CIN history
Vignyan Industries has one previous CIN (Corporate Identification Number): U51101KA1963PTC001510. The current CIN is U51101KA1963PLC001510, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51101KA1963PLC001510 | Current |
| U51101KA1963PTC001510 | Previous |
Contact details
Vignyan Industries Limited's registered office is in Chikmagalur, Karnataka. Its website is bemlindia.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressHaliyur B.H.Road. Tarikere Post Chikamagalur Dist, Chikmagalur, Karnataka, India – 577228
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Vignyan Industries 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 Vignyan Industries 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 Vignyan Industries Limited, buy the company report.
Financials of Vignyan Industries Limited
FY 2021 filings availableVignyan Industries Limited reported revenue of ₹1.45 Cr (down 90% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 90% fall in the latest year. EBITDA fell 39% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.45 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹4.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.12 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -334.2% | ||||
| Net Profit Margin | -423.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Vignyan Industries Limited, buy the company report.
Board of directors of Vignyan Industries Limited
Vignyan Industries has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Kumar Srivastav | Nominee Director | 01 Nov 2020 | 6 Years 0 Months | As last reported |
| Malyala Venkata Rajasekhar | Nominee Director | 01 Jun 2019 | 7 Years 5 Months | As last reported |
| Shanmukh Muchinamane Lingappa Also directs: Dhatutech LLP | Director | 26 Aug 2020 | 6 Years 2 Months | As last reported |
Peer comparison
Vignyan Industries Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kaizen Precision Parts Private Limited | ₹1.46 Cr (FY 2025) | -17.0% | Sangli, Maharashtra, India | |||
| Vignyan Industries Limitedthis company | ₹1.45 Cr (FY 2021) | -₹6.12 Cr | -423.2% | -90.0% | 70 | Chikmagalur, Karnataka, India |
| Uratom Alucast Limited | ₹1.44 Cr (FY 2025) | 1433.0% | Gondal, Gujarat, India | |||
| Sarvvada Alloys Private Limited | ₹1.44 Cr (FY 2016) | 11.0% | Palus, Maharashtra, India | |||
| TJ Ferro Cast Private Limited | ₹1.43 Cr (FY 2025) | 49.0% | Shimoga, Karnataka, India |
To see the full peer comparison of Vignyan Industries Limited, buy the company report.
Auditor
Vignyan Industries Limited is audited by SUDARSHAN ABILESH & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDARSHAN ABILESH & CO | FY 2020 | 006787S |
Shareholding
The shareholding of Vignyan Industries Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vignyan Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 May 2021 | 100445880 | Others | ₹11.84 Cr | Open | |
| 11 Sep 2008 | 10127010 | State Bank of Mysore Tarikere Branch | ₹7.5 Cr | Satisfied | |
| 28 May 2001 | 80063306 | State Bank of Mysore | ₹2 Cr | Satisfied | |
| 29 Nov 1997 | 80045651 | Bharat Earth Movers Ltd | ₹1.67 Cr | Satisfied |
To see the full charge records of Vignyan Industries Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Vignyan Industries Limited has 21 court cases on record: 12 filed by Vignyan Industries, 9 filed against it. 1 case is pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 4 | 0 |
| District courts | 9 | 5 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Sri Sharada Engineering Works Pvt. Ltd | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Sri Sharada Engineering Works Pvt. Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The Chairman Bharat Earth Movers Ltd | Disposed |
| District court, CHIKKAMAGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Vignyan Industries Workers Union | Disposed |
To see the full case history of Vignyan Industries 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 Vignyan Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vignyan Industries Limited has a workforce of 70 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Vignyan Industries has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACV9658A1Z3 | Karnataka | Active | 01 Jul 2017 |
| 29AAACV9658A1DC | Karnataka | Active | 13 Nov 2018 |
To see the full GST registrations and return filing status of Vignyan Industries Limited, buy the company report.
Recent activity
Vignyan Industries Limited has 24 board changes on record since 2010: 3 appointments and 21 cessations. The latest: Ajit Kumar Srivastav was appointed as Nominee Director on 01 Nov 2020.
23 earlier events are in the company report.
News
Frequently asked questions
Vignyan Industries 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.
Vignyan Industries is a company under liquidation, formerly operating as a public limited company based in Chikmagalur, Karnataka, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 25 September 1963 and is registered under CIN U51101KA1963PLC001510. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vignyan Industries has 3 current directors:
- Ajit Kumar Srivastav - Nominee Director
- Malyala Venkata Rajasekhar - Nominee Director
- Shanmukh Muchinamane Lingappa - Director
The latest financial statements of Vignyan Industries on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 09 September 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vignyan Industries is U51101KA1963PLC001510. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vignyan Industries has open charges of ₹11.84 Cr and satisfied charges of ₹11.17 Cr as per latest MCA filings.
Vignyan Industries has 21 court cases on record: 12 filed by the company and 9 filed against it. 1 is pending. Most are in the high courts.
Vignyan Industries was incorporated on 25 September 1963. It is registered with the Registrar of Companies, Bangalore.
The peers of Vignyan Industries by revenue are Kaizen Precision Parts Private Limited, Uratom Alucast Limited, Sarvvada Alloys Private Limited, TJ Ferro Cast Private Limited, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Ajit Kumar Srivastav was appointed as Nominee Director on 01 Nov 2020. Panneerselvam ceased to be Nominee Director on 01 Nov 2020. Shanmukh Muchinamane Lingappa ceased to be Additional Director on 14 Sep 2020. Vignyan Industries has 24 board changes on record in total.
Vignyan Industries can be reached through the website bemlindia.in. Its registered office is in Chikmagalur, Karnataka, India.
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