Flatworld Mortgage Processing Private Limited

IT company providing data processing and backend support services to mortgage banks.

2013 | Bangalore, Karnataka (India) | Active
Last Updated: January 18, 2025

Flatworld Mortgage Processing Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 11 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -44.00%
  • Profit Growth -50.81%
  • Ebitda -52.64%
  • Net Worth 13.59%
  • Total Assets -4.03%

About Flatworld Mortgage Processing

Flatworld Mortgage Processing Private Limited (FMPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 07 June 2013 and has a history of 11 years and seven months. Its registered office is in Bangalore, Karnataka, India.

The Corporate was formerly known as Altair Infosystems Private Limited. 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 2023. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Amitaabh Saboo and Anita Saboo serve as directors at the Company.

Company Details

  • Location

    Bangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72200KA2013PTC069596

  • Company No.

    069596

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    07 Jun 2013

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Business Outsourcing

Who are the key members and board of directors at Flatworld Mortgage Processing?

Executive Team (1)

Name Designation Appointment Date Status
Anita Saboo Country flag representing In Managing Director 07-Jun-2013 Current

Board Members (1)

Name Designation Appointment Date Status
Amitaabh Saboo Country flag representing In Whole-Time Director 07-Jun-2013 Current

Financial Performance of Flatworld Mortgage Processing.

Flatworld Mortgage Processing Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 44% decrease. The company also saw a substantial fall in profitability, with a 50.81% decrease in profit. The company's net worth Soared by an impressive increase of 13.59%.

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
-44.00%
Revenue from Operations
-44.75%
Total Assets
-4.03%
Profit or Loss
-50.81%
Net Worth
13.59%
EBITDA
-52.64%

What is the Ownership and Shareholding Structure of Flatworld Mortgage Processing?

In 2023, Flatworld Mortgage Processing had a promoter holding of 99.00% and a public holding of 1.00%. 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 Flatworld Mortgage Processing?

Flatworld Mortgage Processing has a workforce of 90 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Flatworld Mortgage Processing, 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 Flatworld Mortgage Processing'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 Flatworld Mortgage Processing

Recent activity within the organization

  • Annual General Meeting

    Flatworld Mortgage Processing Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Flatworld Mortgage Processing Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Director Appointment

    Amitaabh Saboo was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 07 Jun 2013 & has been associated with this company since 11 years 7 months .

    07 Jun 2013

  • Director Appointment

    Anita Saboo was appointed as a Managing Director was appointed as a Managing Director on 07 Jun 2013 & has been associated with this company since 11 years 7 months .

    07 Jun 2013

  • Company Incorporation

    Flatworld Mortgage Processing Private Limited was registered on 07 Jun 2013 with Roc Bangalore & aged 11 years 7 months as per MCA records.

    07 Jun 2013

Frequently asked questions

  • Flatworld Mortgage Processing Private Limited was incorporated on 07 Jun 2013.

  • The authorized share capital of Flatworld Mortgage Processing Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Flatworld Mortgage Processing Private Limited.

    • Amitaabh Saboo
    • Anita Saboo
  • As per Ministry of Corporate Affairs (Mca), the registered address of Flatworld Mortgage Processing Private Limited is No.744 15Th Cross 24Th Main J P Nagar 6Th Phase, India, Bangalore, Karnataka, 560078.

  • The corporate identification number (CIN) of Flatworld Mortgage Processing Private Limited is U72200KA2013PTC069596 and the company number is 069596 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Flatworld Mortgage Processing Private Limited is https://www.mortgagepro360.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Flatworld Mortgage Processing Private Limited has fallen by -44.00%.

  • As Per 2023 financial reports, 90 employees are currently employed by Flatworld Mortgage Processing Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Flatworld Mortgage Processing Private Limited has experienced an upsurge of 13.59%.

  • The most recent Balance Sheet for Flatworld Mortgage Processing Private Limited was filed with the ROC on 31 Mar 2023.