Algol Business Systems Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
- Paid Up Capital ₹ 0.10 M
- Company Age 28 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 7.14 Cr
- Satisfied Charges ₹ 4.10 Cr
- Revenue Growth -6.73%
- Profit Growth -4.80%
- Ebitda 16.93%
- Net Worth 4.66%
- Total Assets -4.83%
About Algol Business Systems
Algol Business Systems Private Limited (ABSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 29 November 1996 and has a history of 28 years and three months. Its registered office is in Faridabad, Haryana, 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 1.00 M and a paid-up capital of Rs 0.10 M.
The company currently has active open charges totaling ₹7.14 Cr. The company has closed loans amounting to ₹4.10 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sandeep Arora, Sajjan Singh, and Navdeep serve as directors at the Company.
Company Details
- Location
Faridabad, Haryana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51309HR1996PTC033401
- Company No.
033401
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
29 Nov 1996
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Business Outsourcing
Who are the key members and board of directors at Algol Business Systems?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Navdeep  | Director | 01-Sep-2005 | Current |
| Sandeep Arora | Director | 29-Nov-1996 | Current |
| Sajjan Singh | Director | 01-Sep-2005 | Current |
Financial Performance of Algol Business Systems.
Algol Business Systems Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 6.73% decrease. The company also saw a slight decrease in profitability, with a 4.8% decrease in profit. The company's net worth moved up by a moderate rise of 4.66%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Algol Business Systems?
Unlock access to Algol Business Systems's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
Related Corporates (Common Directorship)
Digiivistta Private LimitedSandeep Arora is a mutual person
- Faridabad Study Center Association
Sandeep Arora is a mutual person
- First Eduindia Limited
Sandeep Arora is a mutual person
- Kalinga Incubation Foundation
Sandeep Arora is a mutual person
- Npr Heights Llp
Navdeep is a mutual person
- Sandhill Aviation Ifsc Private Limited
Navdeep is a mutual person
Charges (Loans)
Open Charges
₹71.40 M
Satisfied Charges
₹41.00 M
Charges Breakdown by Lending Institutions
- The Federal Bank Ltd : 4.00 Cr
- Others : 3.14 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Aug 2020 | Others | ₹2.75 Cr | Open |
| 04 Aug 2020 | Others | ₹3.90 M | Open |
| 03 Feb 2014 | The Federal Bank Ltd | ₹4.00 Cr | Open |
| 15 Jan 2020 | Axis Bank Limited | ₹6.00 M | Satisfied |
| 18 Apr 2013 | ₹3.50 Cr | Satisfied |
How Many Employees Work at Algol Business Systems?
Algol Business Systems has a workforce of 8 employees as of Apr 04, 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 Algol Business Systems, 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 Algol Business Systems'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.
Latest Updates, News, and FAQs on Algol Business Systems
Recent activity within the organization
- Annual General Meeting
Algol Business Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Algol Business Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
- Charges
A charge registered on 15 Jan 2020 via Charge ID 100342273 with Axis Bank Limited was fully satisfied on 11 May 2023.
- Charges
A charge registered on 18 Apr 2013 with was fully satisfied on 29 Apr 2023.
- Charges
A charge with Others amounted to Rs. 27.50 M with Charge ID 100367285 was registered on 27 Aug 2020.
- Charges
A charge with Others amounted to Rs. 3.90 M with Charge ID 100366898 was registered on 04 Aug 2020.
Frequently asked questions
What is the Incorporation or founding date of Algol Business Systems Private Limited?
Algol Business Systems Private Limited was incorporated on 29 Nov 1996.
What is authorized share capital and paid-up capital of Algol Business Systems Private Limited?
The authorized share capital of Algol Business Systems Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.10 M.
Who are the current board members & directors of Algol Business Systems Private Limited?
Currently 3 directors are associated with Algol Business Systems Private Limited.
- Sandeep Arora
- Sajjan Singh
- Navdeep
What is the registered address of Algol Business Systems Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Algol Business Systems Private Limited is 14/3 First Floor Main Mathura Road, India, Faridabad, Haryana, 121003.
What is the corporate identification number (CIN) and company number of Algol Business Systems Private Limited?
The corporate identification number (CIN) of Algol Business Systems Private Limited is U51309HR1996PTC033401 and the company number is 033401 as per Ministry of Corporate Affairs (MCA).
What is the official website of Algol Business Systems Private Limited?
The Official website of Algol Business Systems Private Limited is https://www.algolindia.com
What has been the recent revenue trend for Algol Business Systems Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Algol Business Systems Private Limited has fallen by -6.73%.
How many employees does Algol Business Systems Private Limited currently have?
As Per 2023 financial reports, 8 employees are currently employed by Algol Business Systems Private Limited.
What change has been observed in the net worth of Algol Business Systems Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Algol Business Systems Private Limited has experienced an upsurge of 4.66%.
What are the total open charges for Algol Business Systems Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Algol Business Systems Private Limited amount to ₹ 7.14 Cr.
When was the last Balance Sheet of Algol Business Systems Private Limited filed with the ROC?
The most recent Balance Sheet for Algol Business Systems Private Limited was filed with the ROC on 31 Mar 2024.