Affordable Business Solutions Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
as on 24-10-2024
- Paid Up Capital ₹ 3.64 M
as on 24-10-2024
- Company Age 20 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 7.08 Cr
as on 24-10-2024
- Revenue 32.78%
(FY 2023)
- Profit 34.34%
(FY 2023)
- Ebitda 38.37%
(FY 2023)
- Net Worth 31.44%
(FY 2023)
- Total Assets 21.49%
(FY 2023)
About Affordable Business Solutions
The Company is engaged in the Business Outsourcing 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 5.00 M and a paid-up capital of Rs 3.64 M.
The company has closed loans amounting to ₹7.08 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Ravindra Kini and Srikant Rao serve as directors at the Company.
- CIN/LLPIN
U72200KA2004PTC034199
- Company No.
034199
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
24 Jun 2004
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Affordable Business Solutions?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srikant Rao  | Director | 24-Jun-2004 | Current |
| Ravindra Kini | Director | 24-Jun-2004 | Current |
Financial Performance and Corporate Structure Insights of Affordable Business Solutions.
Affordable Business Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 32.78% increase. The company also saw a substantial improvement in profitability, with a 34.34% increase in profit. The company's net worth Soared by an impressive increase of 31.44%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Affordable Business Solutions?
In 2023, Affordable Business Solutions had a promoter holding of 99.85% and a public holding of 0.15%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Eaitec Solutions Private LimitedActive 25 years 3 months
Ravindra Kini and Srikant Rao are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 28 Nov 2017 | ₹3.00 Cr | Satisfied |
India Infoline Investment Services Limited Creation Date: 20 Sep 2011 | ₹2.08 Cr | Satisfied |
State Bank Of India Creation Date: 25 Jun 2007 | ₹2.00 Cr | Satisfied |
How Many Employees Work at Affordable Business Solutions?
Affordable Business Solutions has a workforce of 52 employees as of Mar 22, 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 Affordable Business Solutions, 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 Affordable Business Solutions'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.
