About ACCENTIA TECHNOLOGIES LIMITED Delisted Shares

Accentia Technologies Limited was incorporated on 12 August 1991. It is classified as a non-government company and is registered at the Registrar of Companies, Mumbai. The Company was first Listed on BSE in May 1996. The company's Scrip code on BSE was 531897. 

The authorized share capital of the company is Rs. 400,000,000 and the paid-up capital is Rs. 170,245,696. It was involved in the business of Clinical Data Management, primarily in the Medical Documentation and revenue cycle management arena in the United States. From the financial years 2012-13 to 2014-15, Accentia’s business in the United States, has been badly impacted by the new Obamacare policy, which demanded a new modus operandi to be followed in the creation, storage, and management of healthcare documents.

The company was focused on the Enterprise Products market in the healthcare arena and shifted its focus from the Business to Customer (B2C) model to Business to Business (B2B). the company was also focused on white-labeled software products for Practice Management Systems (PMS), Electronic Medical Records (EMR), Receivables Cycle Management (RCM), Code Scrubbing, and Discrete Reportable Transcription (DRT), among other things, etc. Safecomm is a safety communication device for women and children, and a Platform as a service (PaaS), in which companies' platforms will be leased out to companies for managing their clients with no upfront costs.

Accentia Technologies Limited Delisted Share Details As of March 31,2022

INCORPORATION DETAILS

PARTICULARS OF SUBSIDIARY COMPANIES

Note: The Board of Directors has given their consent to the Company not to attach the specified particulars of its Subsidiary Companies to the balance sheet of the Holding Company, in accordance with the general exemption granted by the Ministry of Corporate Affairs, Government of India (MCA) through General Circular No. 2/2011 and Press Note 3/2011.

BOARD OF DIRECTORS

Mr. Sooraj  C.K. (Managing Director)

Mr. Pradeep Viswambharam (Whole-Time Direct)

Dr. K. Balasubramani (Independent Director)

Mr. Bobichren Jocob Thomas (Independent Director)

Ms. Sudeepa Nagasampagi (Independent Director)

Principal Business Activities of the Company

SHAREHOLDING PATTERN

(As of 31-03-2015)

INDUSTRY OUTLOOK

Accentia Technologies Ltd. develops creative solutions that provide clients' business processes with a technical edge. Accentia focuses on services in HRCM, ITES/IT, Medical transcription, billing coding, Multimedia, Web Designing, Animation, e-pub & pre-pub, CRM, CAD architecture, and Mechanical, LPO, and Financial accounting services.

The company purchased a 51 percent investment in M/s. Geosoft Technologies (Trivandrum) Ltd and a 51 percent stake in M/S Iridium Technologies (India) Pvt. Ltd. during the 2005-06 fiscal year. As a result, Accentia Technologies Ltd has become the parent company of both enterprises.

PROFIT & LOSS STATEMENT OF ACCENTIA TECHNOLOGIES LIMITED (In Rs. Lakhs) (As of 31-03-2012 to 31-03-2015)

BALANCE SHEET OF ACCENTIA TECHNOLOGIES LIMITED (In Rs. Lakhs)

(As of 31-03-2012 to 31-03-2015)

DIVIDEND AND RETAINED EARNINGS (As of 31-03-2012 to 31-03-2015)

PERFORMANCE OF THE COMPANY

Revenue from Operations decreased from Rs. 11,238.47 lakhs in FY 2014 to Rs.  2,954.38 lakhs in FY 2015, showing a decline of 73.72% as compared to the previous financial year.

Finance Cost has risen significantly from Rs. 520.39 lakhs in FY 2014 to Rs.   742.30 lakhs in FY 2015.

In FY 2015, Company’s Net profit stood at Rs. 1,754.70 lakhs, 12.27% lower than the Rs. 1,562.95 lakhs profit of FY 2014.

The Current Ratio of the company as of 31st March 2015 was 0.38.

 The debt-to-equity ratio of the company as of 31st March 2015 was 0.46.

In the Financial Year 2012-2015, the corporation has not paid a dividend in the last 4 years.