Synergies Castings Profile
Key Indicators
- Authorised Capital ₹ 95.50 Cr
- Paid Up Capital ₹ 31.54 Cr
- Company Age 20 Year, 8 Days
- 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. 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
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Location
Seri Lingampally, Telangana, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U27310TG2005PLC045171
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Company No.
045171
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
24 Jan 2005
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Hyderabad
Industry
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.
Who are the key members and board of directors at Synergies Castings?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sucharitra Sahoo
|
Company Secretary | 04-Apr-2023 | Current |
| Venkata Brahmajosyula | CFO | 08-Aug-2022 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Raghavendra Movva
|
Director | 30-Dec-2021 | Current |
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Anand Boddapaty
|
Director | 26-Dec-2005 | Current |
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Chanchala Gupta
|
Director | 09-May-2022 | Current |
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Sekhar Movva
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Whole-Time Director | 21-Mar-2024 | Current |
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Satyanarayana Raju
|
Whole-Time Director | 28-Mar-2007 | Current |
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Hemachandran Moorkoth
|
Whole-Time Director | 01-Jul-2009 | Current |
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%.
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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.
Related Corporates (Common Directorship)
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Millennium Finance LimitedAnand Boddapaty is a mutual person
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Mfl Insurance Services Private Limited
Anand Boddapaty is a mutual person
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One Convergence Devices Private LimitedAnand Boddapaty is a mutual person
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Synergies Innovation Labs Private LimitedSatyanarayana Raju is a mutual person
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Wilmer Paper LlpRaghavendra Movva is a mutual person
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Abhishek Business Private Limited
Sekhar Movva is a mutual person
Charges (Loans)
₹371.89 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Mar 2021 | Others | ₹28.00 Cr | Open |
| 04 Sep 2020 | Others | ₹30.00 Cr | Open |
| 09 Oct 2017 | Others | ₹50.00 Cr | Open |
| 14 Sep 2015 | Mahindra And Mahindra Financial Services Limited | ₹3.50 Cr | Open |
| 09 Jul 2013 | Mahindra And Mahindra Financial Services Limited | ₹22.00 Cr | Open |
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.
Deals i
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
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
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.
