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SAVEX TECHNOLOGIES PRIVATE LIMITED

www.savex.org
Active
Updated: 01 Nov 2024

The company operates as an information and communication technology distributor.

Savex Technologies Private Limited, is an unlisted private company incorporated on 16 February, 1988. It is classified as a private limited company and is located in Mumbai, Maharashtra. It's authorized share capital is INR 10.00 cr and the total paid-up capital is INR 4.00 cr.

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Industry

Manufacturing (Machinery & Equipments)
Products
  • and system integrators., vendors’ access to various channel partners, retailers, corporate resellers, VARs
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
1.26%
₹ 26,990.7
EBITDA
-29.13%
₹ 614.2
Net Profit
-58.74%
₹ 205.9
Networth
8.75%
₹ 2,564.0
Borrowings
27.77%
₹ 4,011.2
Assets
2.41%
₹ 7,816.0
Gross Margin
1.93
9.0 %
Operating Margin
-0.97
2.3 %
Net Profit Margin
-1.11
0.8 %
Return on Equity
-13.14
8.0 %
ROCE
-14.11
29.4 %
Debt to Equity
0.23
1.6
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (186)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • LOW CASH BALANCE
  • CASH DETERIORATING
Low Risk
  • NET MARGIN DETERIORATING
  • ROCE DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 14,689.6 20,479.1 21,769.2 26,654.7 26,990.7
Operating profit 335.9 446.8 700.0 866.8 614.2
Net profit 177.3 283.2 466.2 499.1 205.9
Gross margin 4.6 5.2 6.2 7.1 9.0
Operating margin 2.3 2.2 3.2 3.2 2.3
Net margin 1.2 1.4 2.1 1.9 0.8
Networth 1,111.9 1,394.4 1,860.3 2,357.8 2,564.0
Borrowings 949.5 848.1 2,095.1 3,139.5 4,011.2
Assets 2,392.6 3,020.9 5,108.9 7,632.4 7,816.0
Debt to equity 0.8 0.6 1.1 1.3 1.6
Current ratio 1.8 1.6 1.4 1.4 1.4
ROE 15.9 20.3 25.1 21.2 8.0
Days payable 5.0 12.0 14.0 22.0 11.0
WC days 26.0 17.0 24.0 25.0 25.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4.0 4.0 4.0 4.0 4.0
Reserves 1,107.9 1,390.4 1,856.3 2,353.8 2,560.0
Borrowings + 949.5 848.1 2,095.1 3,139.5 4,011.2
Long term borrowings - - - - -
Short term borrowings 949.5 848.1 2,095.1 3,139.5 4,011.2
Trade payables + 197.2 658.1 787.0 1,511.1 748.6
Days payable 5.0 12.0 14.0 22.0 11.0
Other liabilities + 331.2 778.4 1,153.5 2,135.1 1,240.8
Other non-current liabilities 27.3 18.5 38.8 51.1 65.0
Other current liabilities 106.7 101.8 327.7 572.9 427.2
Total liabilities 2,392.6 3,020.9 5,108.9 7,632.4 7,816.0
Fixed Assets + 77.5 64.7 80.9 112.1 131.2
Tangible assets 76.1 63.3 77.9 105.9 126.5
CWIP - - 1.3 2.6 -
Intangible assets 1.4 1.4 1.7 3.7 4.8
LT loans and advances - - - - -
Other non-current assets 18.6 411.4 367.9 484.5 667.7
Current assets + 2,296.6 2,544.7 4,660.0 7,035.9 7,017.0
Inventories 993.5 1,001.6 2,024.5 2,483.3 2,696.0
Trade receivables 1,144.5 1,330.6 2,243.9 4,017.1 3,707.2
Cash and cash equivalents 9.4 111.8 42.1 230.9 144.1
ST loans and advances 7.0 8.1 4.2 1.9 4.8
Other current assets 142.1 92.5 345.4 302.7 465.0
Total assets 2,392.6 3,020.9 5,108.9 7,632.4 7,816.0
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 14,689.6 20,479.1 21,769.2 26,654.7 26,990.7
Sales growth % 31.83 39.41 6.3 22.44 1.26
Expenses + 14,461.0 20,115.8 21,188.6 26,040.4 26,776.9
Cost of goods 14,017.5 19,424.7 20,408.7 24,769.0 24,561.2
Employee cost 101.4 116.0 133.3 168.2 193.6
Other costs 234.9 491.6 527.3 850.8 1,621.8
Operating profit + 335.9 446.8 700.0 866.8 614.2
Operating margin % 2.3 2.2 3.2 3.2 2.3
Other income 9.2 17.7 50.4 69.0 54.9
Interest 86.9 59.9 93.8 223.3 363.0
Depreciation 20.4 23.7 25.5 29.1 37.5
Exceptional items - - - - -
Profit before tax 237.7 381.0 631.0 683.3 268.7
Tax 60.4 97.7 164.8 184.2 62.8
Profit - disc. ops - - - - -
Net profit 177.3 283.2 466.2 499.1 205.9
Net margin % 1.2 1.4 2.1 1.9 0.8
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.8 0.6 1.1 1.3 1.6
Net Debt/Equity 0.8 0.5 1.1 1.2 1.5
Total Debt/Assets 0.4 0.3 0.4 0.4 0.5
Total Assets/Equity 2.1 2.2 2.8 3.2 3.0
Liquidity +
Current Ratio 1.8 1.6 1.4 1.4 1.4
Quick Ratio 1.0 1.0 0.8 0.9 0.8
Interest Coverage 3.9 7.5 7.5 3.9 1.7
Performance
Gross Margin 4.6 5.2 6.2 7.1 9.0
Operating Margin 2.3 2.2 3.2 3.2 2.3
Net Margin 1.2 1.4 2.1 1.9 0.8
Return +
Return on Equity 15.9 20.3 25.1 21.2 8.0
Pre-tax ROCE 28.1 42.2 44.0 43.5 29.4
Return on Assets 7.4 9.4 9.1 6.5 2.6
Pre-tax ROIC 15.4 19.9 17.2 15.9 9.0
Efficiency +
Days Payable 5.0 12.0 14.0 22.0 11.0
Days Inventory 26.0 19.0 36.0 37.0 40.0
Days Receivable 28.0 24.0 38.0 55.0 50.0
Fixed Asset Turnover 189.6 316.6 269.1 237.8 205.6
Total Asset Turnover 6.1 6.8 4.3 3.5 3.5
Working Capital
Cash Conversion Cycle 49.0 31.0 60.0 70.0 79.0
Working Capital Days 26.0 17.0 24.0 25.0 25.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 1

Total Amount : 650.0 cr

2

Yes Bank Limited

No. of Loans: 1

Total Amount : 600.0 cr

3

CitiBank N.A.

No. of Loans: 1

Total Amount : 525.0 cr

4

HDFC Bank Limited

No. of Loans: 1

Total Amount : 525.0 cr

5

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 500.0 cr

6

The Federal Bank Limited

No. of Loans: 1

Total Amount : 400.0 cr

7

Sumitomo Mitsui Banking Corporation

No. of Loans: 1

Total Amount : 400.0 cr

8

IDFC First Bank Limited

No. of Loans: 1

Total Amount : 385.0 cr

9

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 300.0 cr

10

ICICI Bank Limited

No. of Loans: 1

Total Amount : 275.0 cr

11

Emirates NBD Bank PJSC India Branch

No. of Loans: 1

Total Amount : 250.0 cr

12

Axis Bank Limited

No. of Loans: 1

Total Amount : 215.0 cr

13

DBS BANK INDIA LIMITED

No. of Loans: 1

Total Amount : 150.0 cr

14

The South Indian Bank Limited

No. of Loans: 1

Total Amount : 75.0 cr

15

Standard Chartered Bank

No. of Loans: 1

Total Amount : 70.0 cr

16

QATAR NATIONAL BANK

No. of Loans: 1

Total Amount : 50.0 cr

17

Bank of China Limited

No. of Loans: 1

Total Amount : 50.0 cr

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Charges

The Hongkong and Shanghai Banking Corporation Limited
Yes Bank Limited
CitiBank N.A.
HDFC Bank Limited
Others

People

Designation Name DIN/PAN Tenure
Director Raunak Anil Jagasia
Shareholder
00031551 12 years
Director Anil Ishwarlal Jagasia
Shareholder
00031579 37 years
Director Anuradha Anil Jagasia
Shareholder
00031603 37 years
Managing Director Jayant Harkisandas Goradia
Shareholder
00031623 24 years
Director Devang Achyut Pandya
Shareholder
00576033 16 years
Director Atul Gaur 06367180 4 years
Director Saurabh Madhukar Naik 08266772 7 years
Director Mahendra Ramdas Wahile 08266799 7 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
SAVEX SOFTECH PRIVATE LIMITED
Active
49.0 L 3 Maharashtra
FIREBOLTT TECHNOLOGIES PRIVATE LIMITED
Active
10.0 L 1 Maharashtra
INFLOW TECHNOLOGIES PRIVATE LIMITED
Active
33.4 Cr 2 Karnataka
CLEARPOINT ELECTRONICS PRIVATE LIMITED
Converted to LLP and Dissolved
7.7 L 1 Maharashtra
TECHNOLOGY DISTRIBUTION ASSOCIATION OF INDIA
Active
0.0 1 Maharashtra
CLEARPOINT ELECTRONICS LLP
Active
7.7 L 1 Maharashtra
SURAJAMI INVESTMENT AND TRADING COMPANY LIMITED
Strike Off
91.6 Cr 1 Maharashtra

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
Savex Singapore (Pte) Ltd Singapore - -
UNISERVED TECH SOLUTIONS PRIVATE LIMITED Maharashtra 2018 ₹ 10.0 L
INFLOW TECHNOLOGIES PRIVATE LIMITED Karnataka 2008 ₹ 33.4 Cr
SAVEX SOFTECH PRIVATE LIMITED Maharashtra 1997 ₹ 49.0 L

Registered Details

CIN

U31909MH1988PTC046237

PAN

AAACS5547H

Incorporation

1988, 37.2 years

Company Email

ajmera@savex.in

Paid up Capital

₹ 4.0 Cr

Authorised Capital

₹ 10.0 Cr

AGM

Sep 2024

Type

Private
Non-government Company

FAQ - SAVEX TECHNOLOGIES PRIVATE LIMITED

What is the incorporation date of SAVEX TECHNOLOGIES PRIVATE LIMITED?

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The incorporation date of SAVEX TECHNOLOGIES PRIVATE LIMITED is 16 February, 1988

What is the authorized share capital of SAVEX TECHNOLOGIES PRIVATE LIMITED?

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The authorized share capital of SAVEX TECHNOLOGIES PRIVATE LIMITED is INR ₹ 10.0 Cr.

What is the paid-up capital of SAVEX TECHNOLOGIES PRIVATE LIMITED?

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The paid-up capital of SAVEX TECHNOLOGIES PRIVATE LIMITED is INR ₹ 4.0 Cr.

What is the registered address of SAVEX TECHNOLOGIES PRIVATE LIMITED?

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The registered address of SAVEX TECHNOLOGIES PRIVATE LIMITED is 124-B, 12th Floor, Maker Chamber III Mumbai Maharashtra - 400021

What is the CIN number of SAVEX TECHNOLOGIES PRIVATE LIMITED?

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The CIN number of SAVEX TECHNOLOGIES PRIVATE LIMITED is U31909MH1988PTC046237.

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