Fortytwo42 Technology Innovations Private Limited

Designing and developing software applications, creating intellectual property and dealing in technology-related products.

2016 | Pune, Maharashtra (India) | Active
Last Updated: December 08, 2024

Fortytwo42 Technology Innovations Profile

Key Indicators

  • Authorised Capital ₹ 1.38 Cr
  • Paid Up Capital ₹ 9.83 M
  • Company Age 9 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.55 Cr
  • Satisfied Charges ₹ 1.35 M
  • Revenue Growth 50.04%
  • Profit Growth -11.66%
  • Ebitda -119.23%
  • Net Worth 80.21%
  • Total Assets 16.05%

About Fortytwo42 Technology Innovations

Fortytwo42 Technology Innovations Private Limited (FTIPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 01 January 2016 (Nine years and one month 21 days old ). Its registered office is in Pune, Maharashtra, 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 1.38 Cr and a paid-up capital of Rs 9.83 M.

The company currently has active open charges totaling ₹2.55 Cr. The company has closed loans amounting to ₹1.35 M, as per Ministry of Corporate Affairs (MCA) records.

Soumitra Wadalkar and Arun Gupta serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74999PN2016PTC157768

  • Company No.

    157768

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    01 Jan 2016

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Information Technology

Who are the key members and board of directors at Fortytwo42 Technology Innovations?

Board Members (2)

NameDesignationAppointment DateStatus
Soumitra Wadalkar Country flag representing In Director 01-Jan-2016Current
Arun Gupta Country flag representing In Director 01-Jan-2016Current

Financial Performance of Fortytwo42 Technology Innovations.

Fortytwo42 Technology Innovations Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 50.04% increase. The company also saw a substantial fall in profitability, with a 11.66% decrease in profit. The company's net worth Soared by an impressive increase of 80.21%.

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
50.04%
Revenue from Operations
50.41%
Total Assets
16.05%
Profit or Loss
-11.66%
Net Worth
80.21%
EBITDA
-119.23%

What is the Ownership and Shareholding Structure of Fortytwo42 Technology Innovations?

In 2022, Fortytwo42 Technology Innovations had a promoter holding of 94.18% and a public holding of 5.82%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2.55 Cr

Satisfied Charges

₹0.14 Cr

Charges Breakdown by Lending Institutions

  • Yes Bank Limited : 2.55 Cr

Latest Charge Details

DateLenderAmountStatus
07 Sep 2017Yes Bank Limited₹2.55 CrOpen
29 Dec 2020Axis Bank Limited₹1.35 MSatisfied

How Many Employees Work at Fortytwo42 Technology Innovations?

Unlock and access historical data on people associated with Fortytwo42 Technology Innovations, 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 Fortytwo42 Technology Innovations, 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 Fortytwo42 Technology Innovations'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 Fortytwo42 Technology Innovations

Recent activity within the organization

  • Annual General Meeting

    Fortytwo42 Technology Innovations Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

    28 Sep 2024

  • Balance Sheet

    Fortytwo42 Technology Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

    31 Mar 2024

  • Charges

    A charge with Yes Bank Limited of Rs. 2.55 Cr registered on 07 Sep 2017 with Charge ID 100180635 was modified on 27 Jun 2022.

    27 Jun 2022

  • Charges

    A charge registered on 29 Dec 2020 via Charge ID 100406662 with Axis Bank Limited was fully satisfied on 16 Feb 2022.

    16 Feb 2022

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 0.14 Cr with Charge ID 100406662 was registered on 29 Dec 2020.

    29 Dec 2020

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 2.55 Cr with Charge ID 100180635 was registered on 07 Sep 2017.

    07 Sep 2017

Frequently asked questions

  • Fortytwo42 Technology Innovations Private Limited was incorporated on 01 Jan 2016.

  • The authorized share capital of Fortytwo42 Technology Innovations Private Limited is ₹ 1.38 Cr and paid-up capital is ₹ 9.83 M.

  • Currently 2 directors are associated with Fortytwo42 Technology Innovations Private Limited.

    • Soumitra Gajanan Wadalkar
    • Arun Omkarlal Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Fortytwo42 Technology Innovations Private Limited is Office No. 201 A Siddh Icon Sr. 1/1A/29/1 2 Nr. Bikaner Sweets, Baner Road India, Pune, Maharashtra, 411045.

  • The corporate identification number (CIN) of Fortytwo42 Technology Innovations Private Limited is U74999PN2016PTC157768 and the company number is 157768 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Fortytwo42 Technology Innovations Private Limited has risen by 50.04%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Fortytwo42 Technology Innovations Private Limited has experienced an upsurge of 80.21%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Fortytwo42 Technology Innovations Private Limited amount to ₹ 2.55 Cr.

  • The most recent Balance Sheet for Fortytwo42 Technology Innovations Private Limited was filed with the ROC on 31 Mar 2024.