Formula Corporate Solutions India Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
as on 31-07-2024
- Paid Up Capital ₹ 2.95 Cr
as on 31-07-2024
- Company Age 20 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 2.67 Cr
as on 31-07-2024
- Satisfied Charges ₹ 6.00 Cr
as on 31-07-2024
- Revenue 78.31%
(FY 2023)
- Profit 254.38%
(FY 2023)
- Ebitda 70.15%
(FY 2023)
- Net Worth -5.24%
(FY 2023)
- Total Assets -8.47%
(FY 2023)
About Formula Corporate Solutions India
The Corporate was formerly known as Formulaone Corporate Solutions Private Limited. The Company is engaged in the Business Services 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 5.00 Cr and a paid-up capital of Rs 2.95 Cr.
The company currently has active open charges totaling ₹2.67 Cr. The company has closed loans amounting to ₹6.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Raman Narula, Nikhilesh Bhowmick, and Hiya Gupta serve as directors at the Company.
- CIN/LLPIN
U74999DL2004PTC124193
- Company No.
124193
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
20 Jan 2004
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Company Details
- Location
New Delhi, Delhi, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Formula Corporate Solutions India Private Limited offer?
Formula Corporate Solutions India Private Limited offers a wide range of products and services, including IT, Networking & Automation Solution, IT Solutions, Computer and Mobile Softwares & Apps, Transport Management Software, Air Taxi, Bus Rentals & Services, Air Travel Services, Domestic Relocation Service, Relocation Service, Travel Service, International Travel Services.
Who are the key members and board of directors at Formula Corporate Solutions India?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Raman Narula  | Managing Director | 28-Jan-2004 | Current |
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nikhilesh Bhowmick | Director | 01-Feb-2022 | Current |
| Hiya Gupta | Director | 01-Jun-2023 | Current |
Financial Performance of Formula Corporate Solutions India.
Formula Corporate Solutions India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 78.31% increase. The company also saw a substantial improvement in profitability, with a 254.38% increase in profit. The company's net worth dipped by a decrease of 5.24%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Formula Corporate Solutions India?
In 2022, Formula Corporate Solutions India had a promoter holding of 99.43% and a public holding of 0.57%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Formulalive Rentals LlpActive 2 years 3 monthsRaman Narula and Nikhilesh Bhowmick are mutual person
- Agrihouse International Private LimitedActive 9 years 10 months
Nikhilesh Bhowmick is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 04 May 2023 | ₹3.02 M | Open |
Hdfc Bank Limited Creation Date: 25 Aug 2021 | ₹1.73 M | Open |
Hdfc Bank Limited Creation Date: 19 Aug 2021 | ₹1.82 M | Open |
How Many Employees Work at Formula Corporate Solutions India?
Formula Corporate Solutions India has a workforce of 147 employees as of Apr 09, 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 Formula Corporate Solutions India, 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 Formula Corporate Solutions India'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.
