Itsource Technologies Limited

Provides IT infrastructure solutions, sales and services, and training in hardware and networking.

1998 | Mumbai, Maharashtra (India) | Under Insolvency
Last Updated: January 15, 2025

Itsource Technologies Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 7.46 Cr
  • Company Age 26 Year, 10 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 32.43 Cr
  • Satisfied Charges ₹ 5.40 Cr
  • Revenue Growth -26.43%
  • Profit Growth 518.51%
  • Ebitda 7.62%
  • Net Worth 4.78%
  • Total Assets -6.52%

About Itsource Technologies

Itsource Technologies Limited (ITL) is Under Cirp company established on 20 Mar 1998 with its office registered at Mumbai, Maharashtra, India and has been running since 26 Year, 10 Months with a paid up capital of 7.46 Cr. According to MCA records, 3 Directors are linked to this company as of 15 Jan 2025.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U72900MH1998PLC114091

  • Company No.

    114091

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    20 Mar 1998

  • Date of AGM

    30 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Information Technology

What products or services does Itsource Technologies Limited offer?

Itsource Technologies Limited offers a wide range of products and services, including Computer Software & Mobile Apps, HR Management Software, Business Planning and Management, Business Consultant, BPO Operations and Services, BPO Services, Software Testing Services, Application Development Service, Application Management Service, Computer and Networking Solutions.

Who are the key members and board of directors at Itsource Technologies?

Executive Team (1)

Name Designation Appointment Date Status
Pradeep Bhangale Country flag representing In Managing Director 28-Mar-1998 Current

Board Members (2)

Name Designation Appointment Date Status
Prachi Bhangale Country flag representing In Whole-Time Director 28-Mar-1998 Current
Bhushan Rade Additional Director 05-Mar-2024 Current

Financial Performance of Itsource Technologies.

Itsource Technologies Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 26.43% decrease. The company also saw a substantial improvement in profitability, with a 518.51% increase in profit. The company's net worth moved up by a moderate rise of 4.78%.

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
-26.43%
Revenue from Operations
-26.61%
Total Assets
-6.52%
Profit or Loss
518.51%
Net Worth
4.78%
EBITDA
7.62%

What is the Ownership and Shareholding Structure of Itsource Technologies?

In 2021, Itsource Technologies had a promoter holding of 99.19% and a public holding of 0.81%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹32.43 Cr

Satisfied Charges

₹5.40 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 13.16 Cr
  • Yes Bank Limited : 12.15 Cr
  • Others : 7.00 Cr
  • The Samastha Nagar Co Op Bank Ltd : 0.12 Cr

Latest Charge Details

Date Lender Amount Status
11 Aug 2023 Yes Bank Limited ₹12.15 Cr Open
29 Jun 2011 Others ₹7.00 Cr Open
01 Feb 2010 Hdfc Bank Limited ₹13.16 Cr Open
16 Feb 2001 The Samastha Nagar Co Op Bank Ltd ₹1.22 M Open
27 Sep 2011 S. E. Investments Limited ₹1.40 Cr Satisfied

How Many Employees Work at Itsource Technologies?

Unlock and access historical data on people associated with Itsource Technologies, 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 Itsource Technologies, 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 Itsource Technologies'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 Itsource Technologies

Recent activity within the organization

  • Director Appointment

    Bhushan Krishana Rade was appointed as a Additional Director was appointed as a Additional Director on 05 Mar 2024 & has been associated with this company since 10 months 28 days .

    05 Mar 2024

  • Charges

    A charge with Yes Bank Limited of Rs. 12.15 Cr registered on 11 Aug 2023 with Charge ID 100773755 was modified on 21 Oct 2023.

    21 Oct 2023

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 12.15 Cr with Charge ID 100773755 was registered on 11 Aug 2023.

    11 Aug 2023

  • Annual General Meeting

    Itsource Technologies Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.

    30 Sep 2022

  • Charges

    A charge with Hdfc Bank Limited of Rs. 13.16 Cr registered on 01 Feb 2010 with Charge ID 10202393 was modified on 20 Jun 2022.

    20 Jun 2022

  • Balance Sheet

    Itsource Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Mumbai.

    31 Mar 2022

Frequently asked questions

  • Itsource Technologies Limited was incorporated on 20 Mar 1998.

  • The authorized share capital of Itsource Technologies Limited is ₹ 15.00 Cr and paid-up capital is ₹ 7.46 Cr.

  • Currently 3 directors are associated with Itsource Technologies Limited.

    • Pradeep Eknath Bhangale
    • Prachi Pradeep Bhangale
    • Bhushan Krishana Rade
  • As per Ministry of Corporate Affairs (Mca), the registered address of Itsource Technologies Limited is Unit 403 4Th Floor Skyline Icon Chimatpada Marol, Andheri - Kurla Road India, Mumbai, Maharashtra, 400059.

  • The corporate identification number (CIN) of Itsource Technologies Limited is U72900MH1998PLC114091 and the company number is 114091 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Itsource Technologies Limited is https://www.itsourcetechnologies.co.in

  • According to the financial reports for the fiscal year 2021, the revenue trend for Itsource Technologies Limited has fallen by -26.43%.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Itsource Technologies Limited has experienced an upsurge of 4.78%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Itsource Technologies Limited amount to ₹ 32.43 Cr.

  • The most recent Balance Sheet for Itsource Technologies Limited was filed with the ROC on 31 Mar 2022.

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