Bangalore Softsell Limited

IT solutions and services for legacy application and data migration, software development and IT-enabled services.

1986 | Bangaluru, Karnataka (India) | Active
Last Updated: December 24, 2024

Bangalore Softsell Profile

Key Indicators

  • Authorised Capital ₹ 5.50 Cr
  • Paid Up Capital ₹ 4.95 Cr
  • Company Age 38 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 2.82 Cr
  • Revenue Growth 119.44%
  • Profit Growth 187.56%
  • Ebitda 167.66%
  • Net Worth 29.20%
  • Total Assets 40.38%

About Bangalore Softsell

Bangalore Softsell Limited (BSL) is a Public Limited Indian Non-Government Company incorporated in India on 10 December 1986 and has a history of 38 years and two months. 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 5.50 Cr and a paid-up capital of Rs 4.95 Cr.

The company has closed loans amounting to ₹2.82 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Bangalore Softsell Limited India is Usha Raikar as CFO. Subbian Ragothaman, Usha Raikar, and Prashant Raikar serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U85110KA1986PLC008020

  • Company No.

    008020

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    10 Dec 1986

  • Date of AGM

    25 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 Bangalore Softsell?

Executive Team (1)

Name Designation Appointment Date Status
Usha Raikar Country flag representing In Managing Director 29-Nov-1999 Current

Board Members (2)

Name Designation Appointment Date Status
Subbian Ragothaman Country flag representing In Director 17-Dec-1986 Current
Prashant Raikar Country flag representing In Director 27-May-2024 Current

Financial Performance of Bangalore Softsell.

Bangalore Softsell Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 119.44% increase. The company also saw a substantial improvement in profitability, with a 187.56% increase in profit. The company's net worth Soared by an impressive increase of 29.2%.

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
119.44%
Revenue from Operations
167.47%
Total Assets
40.38%
Profit or Loss
187.56%
Net Worth
29.20%
EBITDA
167.66%

What is the Ownership and Shareholding Structure of Bangalore Softsell?

In 2023, Bangalore Softsell had a promoter holding of 26.99% and a public holding of 73.01%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹2.82 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 1.70 Cr
  • Union Bank Of India : 1.12 Cr

Latest Charge Details

Date Lender Amount Status
17 Oct 2002 Union Bank Of India ₹1.12 Cr Satisfied
16 Mar 2000 State Bank Of India ₹1.70 Cr Satisfied

How Many Employees Work at Bangalore Softsell?

Unlock and access historical data on people associated with Bangalore Softsell, 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 Bangalore Softsell, 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 Bangalore Softsell'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 Bangalore Softsell

Recent activity within the organization

  • Annual General Meeting

    Bangalore Softsell Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.

    25 Sep 2024

  • Director Appointment

    Prashant Premanand Raikar was appointed as a Director was appointed as a Director on 27 May 2024 & has been associated with this company since 8 months 12 days .

    27 May 2024

  • Balance Sheet

    Bangalore Softsell Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Charges

    A charge registered on 17 Oct 2002 via Charge ID 90194423 with Union Bank Of India was fully satisfied on 03 May 2005.

    03 May 2005

  • Charges

    A charge with Union Bank Of India of Rs. 1.12 Cr registered on 17 Oct 2002 with Charge ID 90194423 was modified on 16 Oct 2003.

    16 Oct 2003

  • Charges

    A charge registered on 16 Mar 2000 via Charge ID 90194280 with State Bank Of India was fully satisfied on 19 Oct 2002.

    19 Oct 2002

Frequently asked questions

  • Bangalore Softsell Limited was incorporated on 10 Dec 1986.

  • The authorized share capital of Bangalore Softsell Limited is ₹ 5.50 Cr and paid-up capital is ₹ 4.95 Cr.

  • Currently 4 directors are associated with Bangalore Softsell Limited.

    • Subbian Ragothaman
    • Usha Prashanth Raikar
    • Usha Prashanth Raikar
    • Prashant Premanand Raikar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Bangalore Softsell Limited is No.334/22 1St Floor Main 41St Cross, 8Th Block Jayanaga R India, Bangalore, Karnataka, 560082.

  • The corporate identification number (CIN) of Bangalore Softsell Limited is U85110KA1986PLC008020 and the company number is 008020 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Bangalore Softsell Limited is https://www.bangaloresoftsell.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Bangalore Softsell Limited has risen by 119.44%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Bangalore Softsell Limited has experienced an upsurge of 29.20%.

  • The most recent Balance Sheet for Bangalore Softsell Limited was filed with the ROC on 31 Mar 2024.