Volz Innovations Private Limited
About Volz Innovations Private Limited
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Volz Innovations Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 19 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2016PTC166464. Its GSTIN is 27AAFCT9364G1ZX (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Technext International Private Limited. It is led by directors including Banibrata Sarkar and Tarun Prakash Bansal.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Millenium Star P 17 Fp 153 Cts 36 To 40 Sangamwadi, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.43 Cr, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹2.19 Cr (net margin -153.2%) and EBITDA of -₹2.1 Cr (EBITDA margin -147%).
As per MCA filings, the company has open charges of ₹1.6 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Volz Innovations Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMillenium Star P 17 Fp 153 Cts 36 To 40 Sangamwadi, Pune, Maharashtra, India – 411001
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Volz Innovations 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 Volz Innovations is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Volz Innovations Private Limited, buy the company report.
Financials of Volz Innovations Private Limited
FY 2019 filings availableVolz Innovations Private Limited reported revenue of ₹1.43 Cr (down 83% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 83% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹1.43 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.1 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.19 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 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -147% | ||
| Net Profit Margin | -153.2% | ||
| 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 Volz Innovations Private Limited, buy the company report.
Board of directors of Volz Innovations Private Limited
Volz Innovations 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 |
|---|---|---|---|---|
| Banibrata Sarkar | Director | 29 May 2017 | 9 Years 5 Months | Current |
| Tarun Prakash Bansal Also directs: Technext Telelinks Private Limited | Director | 19 Sep 2016 | 10 Years 1 Months | Current |
| Akansha Tarun Bansal Also directs: Technext Telelinks Private Limited | Director | 19 Sep 2016 | 10 Years 1 Months | Current |
Auditor
Volz Innovations Private Limited is audited by ASHWIN KAPOOR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHWIN KAPOOR & ASSOCIATES | FY 2019 | 128672W |
Shareholding
The shareholding of Volz Innovations Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Volz Innovations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Aug 2018 | 100198080 | Others | ₹1.6 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Volz Innovations Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Arbitration matter | Filed against the company by TLG India Private Limited | Disposed |
To see the full case history of Volz Innovations 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 Volz Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Volz Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCT9364G1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Volz Innovations Private Limited, buy the company report.
Recent activity
Volz Innovations Private Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Ujwala Nitin Khandekar ceased to be Director on 25 Feb 2020.
Frequently asked questions
Volz Innovations is an active private limited company based in Pune, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 19 September 2016 (10+ years old) and is registered under CIN U74999PN2016PTC166464.
Volz Innovations has 3 current directors:
- Banibrata Sarkar - Director
- Tarun Prakash Bansal - Director
- Akansha Tarun Bansal - Director
The latest financial statements of Volz Innovations on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Volz Innovations is 27AAFCT9364G1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Volz Innovations is U74999PN2016PTC166464. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Volz Innovations has 1 court case on record: 1 filed against it.
Volz Innovations was incorporated on 19 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Ujwala Nitin Khandekar ceased to be Director on 25 Feb 2020. Suresh Manakchand Racca ceased to be Additional Director on 17 Jun 2019. Banibrata Sarkar was appointed as Director on 29 May 2017. Volz Innovations has 5 board changes on record in total.
The registered office of Volz Innovations is at Millenium Star P 17 Fp 153 Cts 36 To 40 Sangamwadi, Pune, Maharashtra, India – 411001.
Volz Innovations operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
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