Abaco Systems (India) Private Limited

Provides business support services, imports, designs, manufactures, and sells hardware systems and solutions for embedded computer products.

2016 | Bangaluru, Karnataka (India) | Active
Last Updated:

Abaco Systems (India) Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 8 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -31.53%
  • Profit Growth -30.79%
  • Ebitda -26.31%
  • Net Worth 51.96%
  • Total Assets 28.51%

About Abaco Systems (India)

Abaco Systems (India) Private Limited (ASIPL) is a Private Limited Foreign Company Incorporated In India incorporated in India on 22 August 2016 (Eight years and six months 8 days old ). Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Sadananda Patil and Yogesh Lowalekar serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    abaco.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999KA2016FTC095905

  • Company No.

    095905

  • Company Classification

    Private Limited Foreign Company Incorporated In India

  • Incorporation Date

    22 Aug 2016

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

Who are the key members and board of directors at Abaco Systems (India)?

Financial Performance of Abaco Systems (India).

Abaco Systems (India) Private Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 31.53% decrease. The company also saw a substantial fall in profitability, with a 30.79% decrease in profit. The company's net worth Soared by an impressive increase of 51.96%.

Graph illustrating revenue growth over time
Graph showing 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
-31.53%
Revenue from Operations
-31.53%
Total Assets
28.51%
Profit or Loss
-30.79%
Net Worth
51.96%
EBITDA
-26.31%

What is the Ownership and Shareholding Structure of Abaco Systems (India)?

In 2019, Abaco Systems (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Abaco Systems (India)?

Unlock and access historical data on people associated with Abaco Systems (India), such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Abaco Systems (India), 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 Abaco Systems (India)'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 Abaco Systems (India)

Recent activity within the organization

  • Annual General Meeting

    Abaco Systems (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Director Appointment

    Yogesh Lowalekar was appointed as a Director was appointed as a Director on 27 Sep 2024 & has been associated with this company since 5 months 2 days .

    27 Sep 2024

  • Balance Sheet

    Abaco Systems (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Director Appointment

    Sadananda Rajashekara Patil was appointed as a Director was appointed as a Director on 14 Sep 2021 & has been associated with this company since 3 years 5 months .

    14 Sep 2021

  • Company Incorporation

    Abaco Systems (India) Private Limited was registered on 22 Aug 2016 with Roc Bangalore & aged 8 years 6 months as per MCA records.

    22 Aug 2016

Frequently asked questions

  • What is the Incorporation or founding date of Abaco Systems (India) Private Limited?

    Abaco Systems (India) Private Limited was incorporated on 22 Aug 2016.

  • What is authorized share capital and paid-up capital of Abaco Systems (India) Private Limited?

    The authorized share capital of Abaco Systems (India) Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Who are the current board members & directors of Abaco Systems (India) Private Limited?

    Currently 2 directors are associated with Abaco Systems (India) Private Limited.

    • Sadananda Rajashekara Patil
    • Yogesh Lowalekar

  • What is the registered address of Abaco Systems (India) Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Abaco Systems (India) Private Limited is Bhoruka Tech Park 3 4 Flr. Mahadevapura Hoodi Sy No.27/1(P) 27/2(P) 31(P) Ward No.1, Kr Puram India, Bangalore, Karnataka, 560048.

  • What is the corporate identification number (CIN) and company number of Abaco Systems (India) Private Limited?

    The corporate identification number (CIN) of Abaco Systems (India) Private Limited is U74999KA2016FTC095905 and the company number is 095905 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Abaco Systems (India) Private Limited?

    The Official website of Abaco Systems (India) Private Limited is https://www.abaco.com

  • What has been the recent revenue trend for Abaco Systems (India) Private Limited?

    According to the financial reports for the fiscal year 2019, the revenue trend for Abaco Systems (India) Private Limited has fallen by -31.53%.

  • What change has been observed in the net worth of Abaco Systems (India) Private Limited, and by what percentage?

    The financial reports for the fiscal year 2019 indicates that The net worth of Abaco Systems (India) Private Limited has experienced an upsurge of 51.96%.

  • When was the last Balance Sheet of Abaco Systems (India) Private Limited filed with the ROC?

    The most recent Balance Sheet for Abaco Systems (India) Private Limited was filed with the ROC on 31 Mar 2024.

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