Globals Ites Private Limited

IT solutions provider offering web, cloud, mobile, enterprise app, e-commerce, and product development services.

2005 | Bangalore, Karnataka (India) | Active
Last Updated: July 16, 2024

Globals Ites Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 2.15 M
  • Company Age 19 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 3.52 Cr
  • Satisfied Charges ₹ 2.16 Cr
  • Revenue Growth -54.18%
  • Profit Growth -97.08%
  • Ebitda -39.84%
  • Net Worth 0.44%
  • Total Assets 16.97%

About Globals Ites

Globals Ites Private Limited (GIPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 December 2005 and has a history of 19 years and one month. Its registered office is in Bangalore, 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 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 2.15 M.

The company currently has active open charges totaling ₹3.52 Cr. The company has closed loans amounting to ₹2.16 Cr, as per Ministry of Corporate Affairs (MCA) records.

Suhas Gopinath, Amruta Desai, and Mysore Gopinath serve as directors at the Company.

Company Details

  • Location

    Bangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200KA2005PTC037924

  • Company No.

    037924

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Dec 2005

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

Who are the key members and board of directors at Globals Ites?

Executive Team (1)

Name Designation Appointment Date Status
Suhas Gopinath Country flag representing In Managing Director 12-Dec-2005 Current

Board Members (2)

Name Designation Appointment Date Status
Amruta Desai Country flag representing In Director 22-Jul-2020 Current
Mysore Gopinath Country flag representing In Director 17-Mar-2022 Current

Financial Performance of Globals Ites.

Globals Ites Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 54.18% decrease. The company also saw a substantial fall in profitability, with a 97.08% decrease in profit. The company's net worth moved up by a moderate rise of 0.44%.

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
-54.18%
Revenue from Operations
-54.53%
Total Assets
16.97%
Profit or Loss
-97.08%
Net Worth
0.44%
EBITDA
-39.84%

What is the Ownership and Shareholding Structure of Globals Ites?

In 2023, Globals Ites had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹3.52 Cr

Satisfied Charges

₹2.16 Cr

Charges Breakdown by Lending Institutions

  • Indian Overseas Bank : 3.52 Cr

Latest Charge Details

Date Lender Amount Status
24 Jun 2020 Indian Overseas Bank ₹3.52 Cr Open
28 Feb 2013 Indian Overseas Bank ₹1.91 Cr Satisfied
21 Jan 2009 State Bank Of India ₹2.47 M Satisfied

How Many Employees Work at Globals Ites?

Globals Ites has a workforce of 30 employees as of Apr 08, 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 Globals Ites, 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 Globals Ites'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 Globals Ites

Recent activity within the organization

  • Charges

    A charge with Indian Overseas Bank of Rs. 3.52 Cr registered on 24 Jun 2020 with Charge ID 100354598 was modified on 16 Jan 2024.

    16 Jan 2024

  • Annual General Meeting

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

    30 Sep 2023

  • Balance Sheet

    Globals Ites Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Charges

    A charge registered on 28 Feb 2013 via Charge ID 10412746 with Indian Overseas Bank was fully satisfied on 21 Dec 2022.

    21 Dec 2022

  • Director Appointment

    Mysore Raghvendra Rao Gopinath was appointed as a Director was appointed as a Director on 17 Mar 2022 & has been associated with this company since 2 years 10 months .

    17 Mar 2022

  • Charges

    A charge with Indian Overseas Bank of Rs. 1.91 Cr registered on 28 Feb 2013 with Charge ID 10412746 was modified on 08 Feb 2021.

    08 Feb 2021

Recent News, Updates & Announcement

Frequently asked questions

  • Globals Ites Private Limited was incorporated on 12 Dec 2005.

  • The authorized share capital of Globals Ites Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 2.15 M.

  • Currently 3 directors are associated with Globals Ites Private Limited.

    • Suhas Gopinath
    • Amruta Anil Desai
    • Mysore Raghvendra Rao Gopinath
  • As per Ministry of Corporate Affairs (Mca), the registered address of Globals Ites Private Limited is No.12 5Th FloorSamanvitha Complex Mayura Street Badrappa LayoutOuter Ring RoadNagashet, Ty Halli, Bangalore, Karnataka, India, 560094.

  • The corporate identification number (CIN) of Globals Ites Private Limited is U72200KA2005PTC037924 and the company number is 037924 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Globals Ites Private Limited is https://www.globalsinc.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Globals Ites Private Limited has fallen by -54.18%.

  • As Per 2023 financial reports, 30 employees are currently employed by Globals Ites Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Globals Ites Private Limited has experienced an upsurge of 0.44%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Globals Ites Private Limited amount to ₹ 3.52 Cr.

  • The most recent Balance Sheet for Globals Ites Private Limited was filed with the ROC on 31 Mar 2023.

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