Affordable Business Solutions Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 3.64 M
- Company Age 20 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 7.08 Cr
- Revenue Growth 32.78%
- Profit Growth 34.34%
- Ebitda 38.37%
- Net Worth 31.44%
- Total Assets 21.49%
About Affordable Business Solutions
Affordable Business Solutions Private Limited (ABSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 June 2004 and has a history of 20 years and seven months. Its registered office is in Bangaluru, Karnataka, India.
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.
Company Details
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Location
Bangaluru, Karnataka, 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
U72200KA2004PTC034199
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Company No.
034199
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
24 Jun 2004
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
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 |
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Ravindra Kini
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Director | 24-Jun-2004 | Current |
Financial Performance 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%.
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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)
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Kharaghoda Salt Works Private LimitedRavindra Kini is a mutual person
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Eaitec Solutions Private Limited
Ravindra Kini and Srikant Rao are mutual person
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Touchpoints Solutions Private Limited
Ravindra Kini is a mutual person
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Cognitive Skills Private Limited
Ravindra Kini is a mutual person
Charges (Loans)
₹0
₹70.80 M
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 3.00 Cr
- India Infoline Investment Services Limited : 2.08 Cr
- State Bank Of India : 2.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Nov 2017 | Hdfc Bank Limited | ₹3.00 Cr | Satisfied |
| 20 Sep 2011 | India Infoline Investment Services Limited | ₹2.08 Cr | Satisfied |
| 25 Jun 2007 | State Bank Of India | ₹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.