Merittrac Services Profile
Key Indicators
- Authorised Capital ₹ 16.60 Cr
- Paid Up Capital ₹ 0.57 M
- Company Age 24 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 52.50 Cr
- Satisfied Charges ₹ 51.00 Cr
- Revenue Growth 12.28%
- Profit Growth -103.46%
- Ebitda -228.57%
- Net Worth -47.19%
- Total Assets -13.72%
About Merittrac Services
Merittrac Services Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 August 2000 and has a history of 24 years and five months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Education 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 16.60 Cr and a paid-up capital of Rs 0.57 M.
The company currently has active open charges totaling ₹52.50 Cr. The company has closed loans amounting to ₹51.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rajesh Moorti, Vaitheeswaran Seetharaman, and Ambrish Sinha serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74140KA2000PTC027573
- Company No.
027573
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Aug 2000
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Merittrac Services?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajesh Moorti  | Director | 01-Nov-2020 | Current |
| Vaitheeswaran Seetharaman | Director | 30-Sep-2011 | Current |
| Ambrish Sinha | Director | 20-Nov-2020 | Current |
Financial Performance of Merittrac Services.
Merittrac Services Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 12.28% increase. The company also saw a substantial fall in profitability, with a 103.46% decrease in profit. The company's net worth observed a substantial decline by a decrease of 47.19%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Merittrac Services?
In 2022, Merittrac Services had a promoter holding of 99.98% and a public holding of 0.02%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Manipal Health Enterprises Private LimitedVaitheeswaran Seetharaman is a mutual person
Unext Learning Private LimitedAmbrish Sinha is a mutual person
Bpl Medical Technologies Private LimitedRajesh Moorti is a mutual person
Manipal Global Education Services Private LimitedRajesh Moorti and Vaitheeswaran Seetharaman are mutual person
Manipalcigna Health Insurance Company LimitedVaitheeswaran Seetharaman is a mutual person
Finnable Credit Private LimitedVaitheeswaran Seetharaman is a mutual person
Charges (Loans)
₹52.50 Cr
₹51.00 Cr
Charges Breakdown by Lending Institutions
- Others : 52.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Mar 2021 | Others | ₹52.50 Cr | Open |
| 03 Jan 2020 | Others | ₹26.00 Cr | Satisfied |
| 24 Mar 2008 | Others | ₹25.00 Cr | Satisfied |
How Many Employees Work at Merittrac Services?
Merittrac Services has a workforce of 164 employees as of Apr 07, 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 Merittrac Services, 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 Merittrac Services'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.
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