Synergies Castings Limited

Manufacturer of alloy wheels and precision aluminum castings, providing engineering services and exporting globally.

2005 | Seri Lingampally, Telangana (India) | Active
Last Updated:

Synergies Castings Profile

Key Indicators

  • Authorised Capital ₹ 95.50 Cr
  • Paid Up Capital ₹ 31.54 Cr
  • Company Age 20 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 371.89 Cr
  • Satisfied Charges ₹ 217.50 Cr
  • Revenue Growth 30.45%
  • Profit Growth 106.01%
  • Ebitda 27.98%
  • Net Worth 16.07%
  • Total Assets 13.99%

About Synergies Castings

Synergies Castings Limited (SCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 24 January 2005 and has a history of 20 years and three months. Its registered office is in Seri Lingampally, Telangana, India.

The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 95.50 Cr and a paid-up capital of Rs 31.54 Cr.

The company currently has active open charges totaling ₹371.89 Cr. The company has closed loans amounting to ₹217.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Synergies Castings Limited India are Sucharitra Sahoo as COMPANY SECRETARY and Venkata Brahmajosyula as Cfo. Chanchala Gupta, Raghavendra Movva, Sekhar Movva, and Three other members serve as directors at the Company.

Company Details

  • Location

    Seri Lingampally, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27310TG2005PLC045171

  • Company No.

    045171

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Jan 2005

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Automotive

What products or services does Synergies Castings Limited offer?

Synergies Castings Limited offers a wide range of products and services, including Autoclaves, Sterilizers & Incubators, UV Sterilizer and Lamps, Organic and Inorganic Solvents, Ketones.

Company report

Synergies Castings Limited

Explore comprehensive data for Synergies Castings Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Synergies Castings?

Executive Team (2)

NameDesignationAppointment DateStatus
Sucharitra Sahoo Country flag representing In Company Secretary04-Apr-2023Current
Venkata Brahmajosyula CFO08-Aug-2022Current

Board Members (6)

NameDesignationAppointment DateStatus
Raghavendra Movva Country flag representing In Director 30-Dec-2021Current
Anand Boddapaty Country flag representing In Director 26-Dec-2005Current
Chanchala Gupta Country flag representing In Director 09-May-2022Current
Sekhar Movva Country flag representing In Whole-Time Director 21-Mar-2024Current
Satyanarayana Raju Country flag representing In Whole-Time Director 28-Mar-2007Current
Hemachandran Moorkoth Country flag representing In Whole-Time Director 01-Jul-2009Current

Financial Performance of Synergies Castings.

Synergies Castings Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 30.45% increase. The company also saw a substantial improvement in profitability, with a 106.01% increase in profit. The company's net worth Soared by an impressive increase of 16.07%.

Synergies Castings revenue growth over time
Synergies Castings profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
30.45%
Revenue from Operations
30.46%
Total Assets
13.99%
Profit or Loss
106.01%
Net Worth
16.07%
EBITDA
27.98%

What is the Ownership and Shareholding Structure of Synergies Castings?

In 2023, Synergies Castings had a promoter holding of 31.54% and a public holding of 68.47%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹371.89 Cr

Satisfied Charges

₹217.50 Cr

Charges Breakdown by Lending Institutions

  • Others : 108.00 Cr
  • Synergies Castings Limited : 44.31 Cr
  • Icici Banking Corporation Limited : 40.30 Cr
  • Edelweiss Asset Reconstruction Company Limited : 34.07 Cr
  • Icici Bank Limited : 30.80 Cr
  • Others : 114.41 Cr

Latest Charge Details

DateLenderAmountStatus
11 Mar 2021Others₹28.00 CrOpen
04 Sep 2020Others₹30.00 CrOpen
09 Oct 2017Others₹50.00 CrOpen
14 Sep 2015Mahindra And Mahindra Financial Services Limited₹3.50 CrOpen
09 Jul 2013Mahindra And Mahindra Financial Services Limited₹22.00 CrOpen

How Many Employees Work at Synergies Castings?

Synergies Castings has a workforce of 965 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Synergies Castings Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Synergies Castings, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Synergies Castings's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Synergies Castings

Recent activity within the organization

  • Director Appointment

    Sekhar Movva was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 21 Mar 2024 & has been associated with this company since 1 year 1 month .

  • Charges

    A charge registered on 07 Feb 2017 via Charge ID 100080813 with Others was fully satisfied on 30 Sep 2023.

  • Annual General Meeting

    Synergies Castings Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Director Appointment

    Sucharitra Sahoo was appointed as a Company Secretary was appointed as a Company Secretary on 04 Apr 2023 & has been associated with this company since 2 years 23 days .

  • Balance Sheet

    Synergies Castings Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

  • Charges

    A charge with Others of Rs. 28.00 Cr registered on 11 Mar 2021 with Charge ID 100430063 was modified on 02 May 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Synergies Castings Limited?

    Synergies Castings Limited was incorporated on 24 Jan 2005.

  • What is authorized share capital and paid-up capital of Synergies Castings Limited?

    The authorized share capital of Synergies Castings Limited is ₹ 95.50 Cr and paid-up capital is ₹ 31.54 Cr.

  • Who are the current board members & directors of Synergies Castings Limited?

    Currently 8 directors are associated with Synergies Castings Limited.

    • Sucharitra Sahoo
    • Chanchala Gupta
    • Raghavendra Prasad Movva
    • Sekhar Movva
    • Anand Boddapaty
    • Satyanarayana Buddharaju Raju
    • Venkata Jayaram Brahmajosyula
    • Hemachandran Mathummal Moorkoth

  • What is the registered address of Synergies Castings Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Synergies Castings Limited is Wework Rajapushpa Summit Sy. 130P & 115/1P, Nanakramguda Rd Ranga Reddy Dist. Financial District Manikonda Jagir Gachibowli, Seri Lingampally, Telangana, India, 500032.

  • What is the corporate identification number (CIN) and company number of Synergies Castings Limited?

    The corporate identification number (CIN) of Synergies Castings Limited is U27310TG2005PLC045171 and the company number is 045171 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Synergies Castings Limited?

    The Official website of Synergies Castings Limited is https://www.synergies-castings.com

  • What has been the recent revenue trend for Synergies Castings Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Synergies Castings Limited has risen by 30.45%.

  • How many employees does Synergies Castings Limited currently have?

    As Per 2023 financial reports, 965 employees are currently employed by Synergies Castings Limited.

  • What change has been observed in the net worth of Synergies Castings Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Synergies Castings Limited has experienced an upsurge of 16.07%.

  • What are the total open charges for Synergies Castings Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Synergies Castings Limited amount to ₹ 371.89 Cr.

  • When was the last Balance Sheet of Synergies Castings Limited filed with the ROC?

    The most recent Balance Sheet for Synergies Castings Limited was filed with the ROC on 31 Mar 2023.

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