Initech Software Solutions Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 2.50 M
- Company Age 14 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 2.48 Cr
- Revenue Growth 27.31%
- Profit Growth 21.87%
- Ebitda 28.67%
- Net Worth 19.47%
- Total Assets -14.20%
About Initech Software Solutions
Initech Software Solutions Private Limited (ISSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 February 2010 and has a history of 14 years and 11 months. Its registered office is in Hyderabad, Telangana, 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 2.50 M and a paid-up capital of Rs 2.50 M.
The company has closed loans amounting to ₹2.48 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Rajesh Gummadavelly and Anand Gummadavelli serve as directors at the Company.
Company Details
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Location
Hyderabad, Telangana, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U72900TG2010PTC067117
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Company No.
067117
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
22 Feb 2010
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Date of AGM
31 May 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Hyderabad
Industry
Who are the key members and board of directors at Initech Software Solutions?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Anand Gummadavelli
|
Managing Director | 22-Feb-2010 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Rajesh Gummadavelly
|
Whole-Time Director | 22-Feb-2010 | Current |
Financial Performance of Initech Software Solutions.
Initech Software Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 27.31% increase. The company also saw a substantial improvement in profitability, with a 21.87% increase in profit. The company's net worth Soared by an impressive increase of 19.47%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Initech Software Solutions?
In 2023, Initech Software Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹0
₹24.75 M
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 2.48 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Mar 2021 | Hdfc Bank Limited | ₹2.48 Cr | Satisfied |
How Many Employees Work at Initech Software Solutions?
Initech Software Solutions has a workforce of 30 employees as of Mar 25, 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 Initech Software Solutions, 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 Initech Software Solutions'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.
