About Candid Guard Services Private Limited
Data last updated:
Candid Guard Services Private Limited is a private limited company based in Raipur, Chhattisgarh, India. 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 security and surveillance segment of the business services sector. It was incorporated on 24 October 2007.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U74920CT2007PTC020429. Its GSTIN is 22AADCC2806J1Z2 (Chhattisgarh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Pravin Singh and Shalini Singh.
Its last annual general meeting (AGM) was held on 05 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at E – 2/55 Sector – 7 Imlidih Road New Rajendra Nagar, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.55 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹2.71 Cr (net margin -59.6%) and EBITDA of -₹2.38 Cr (EBITDA margin -52.2%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 9% over five years.
The company has about 93 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Candid Guard Services. As per MCA filings, the company has open charges of ₹1.72 Cr on record. Court records list 23 cases involving the company, including 5 filed by the company and 18 filed against it; 3 cases are pending.
The last known website on record is candidsecurity.co.in.
Company details
Contact details
Candid Guard Services Private Limited's registered office is in Raipur, Chhattisgarh. Its website is candidsecurity.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressE – 2/55 Sector – 7 Imlidih Road New Rajendra Nagar, Raipur, Chhattisgarh, India – 492001
- IndustryBusiness Services, Security & Surveillance
To see the full contact details of Candid Guard Services 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
Brands
Candid Guard Services operates one associated brand: Candid Guard Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive commercial security services for businesses. | candidsecurity.co.in |
Business activity
The main business activity of Candid Guard Services is support service to organizations. In detail, this covers security and investigation activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N4 | Security and investigation activities |
To see the full business activity and turnover split of Candid Guard Services Private Limited, buy the company report.
Financials of Candid Guard Services Private Limited
FY 2024 filings availableCandid Guard Services Private Limited reported revenue of ₹4.55 Cr (down 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 37% fall in the latest year. EBITDA fell 488% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹2.38 Cr | ||||
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| Net Profit (PAT) | -₹2.71 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -52.2% | ||||
| Net Profit Margin | -59.6% | ||||
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To see the full financial statements and ratios of Candid Guard Services Private Limited, buy the company report.
Board of directors of Candid Guard Services Private Limited
Candid Guard Services has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Singh Also directs: Defai Tech Private Limited, Swamy Radhe Krishna Academy | Director | 30 Apr 2018 | 8 Years 6 Months | As last reported |
| Shalini Singh Also directs: Swamy Radhe Krishna Academy | Director | 06 May 2024 | 2 Years 6 Months | As last reported |
Auditor
Candid Guard Services Private Limited is audited by VINOD KUMAR GUPTA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINOD KUMAR GUPTA & ASSOCIATES | FY 2022 | 002377C |
Shareholding
The shareholding of Candid Guard Services Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Candid Guard Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2020 | 100391520 | Others | ₹17.56 Lakh | Open | |
| 14 Jul 2020 | 100391523 | Others | ₹8.4 Lakh | Open | |
| 08 Jul 2020 | 100391522 | Others | ₹50.4 Lakh | Open | |
| 31 Aug 2019 | 100293545 | Others | ₹20.7 Lakh | Open | |
| 09 Nov 2017 | 100164375 | Others | ₹75 Lakh | Open |
Total charge records: 5 View all charges
Legal cases
Candid Guard Services Private Limited has 23 court cases on record: 5 filed by Candid Guard Services, 18 filed against it. 3 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 17 | 3 |
| High courts | 6 | 1 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Limited | Pending |
| District court, Raipur, Chhattisgarh | Court case (COMPLAINT CASES) | Filed against the company by Cholamandalam Investment and Finance Company Limited (Chola) | Pending |
| District court, Raipur, Chhattisgarh | Execution petition | Filed against the company by Steel Authority of India | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Limited | Disposed |
| District court, Ranchi, Jharkhand | Criminal complaint | Filed against the company by State of Jharkhand | Pending |
To see the full case history of Candid Guard Services 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 Candid Guard Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Candid Guard Services Private Limited has a workforce of 93 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Candid Guard Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AADCC2806J1Z2 | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Candid Guard Services Private Limited, buy the company report.
Recent activity
Candid Guard Services Private Limited has 10 board changes on record since 2011: 2 appointments and 8 cessations. The latest: Shalini Singh was appointed as Director on 06 May 2024.
6 earlier events are in the company report.
Frequently asked questions
Candid Guard Services 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.
Candid Guard Services is a company under insolvency, formerly operating as a private limited company based in Raipur, Chhattisgarh, India. The company works in security and surveillance, within the business services industry. It was incorporated on 24 October 2007 and is registered under CIN U74920CT2007PTC020429. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Candid Guard Services has 2 current directors:
- Pravin Singh - Director
- Shalini Singh - Director
The latest financial statements of Candid Guard Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 05 August 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Candid Guard Services is U74920CT2007PTC020429. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candid Guard Services has open charges of ₹1.72 Cr and no satisfied charges on record as per latest MCA filings.
Candid Guard Services has 23 court cases on record: 5 filed by the company and 18 filed against it. 3 are pending. Most are in the district courts.
Candid Guard Services was incorporated on 24 October 2007. It is registered with the Registrar of Companies, Chhattisgarh.
Shalini Singh was appointed as Director on 06 May 2024. Mohit Singh ceased to be Director on 29 Mar 2024. Shalini Singh ceased to be Director on 02 Apr 2022. Candid Guard Services has 10 board changes on record in total.
Candid Guard Services can be reached through the website candidsecurity.co.in. Its registered office is in Raipur, Chhattisgarh, India.
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