Reachwell Software Services Private Limited

Software development, asset management, and IT consulting services for retail and wholesale clients.

1993 | Bangaluru, Karnataka (India) | Active
Last Updated: December 29, 2024

Reachwell Software Services Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 31 Year, 5 Months
  • Last Filing with ROC 31 Mar 2021
  • Open Charges ₹ 1.80 M
  • Revenue Growth 58.92%
  • Profit Growth 98.55%
  • Ebitda 105.63%
  • Net Worth -0.51%
  • Total Assets -9.36%

About Reachwell Software Services

Reachwell Software Services Private Limited (RSSPL) is a Private Limited Indian Non-Government Company incorporated in India on 06 September 1993 and has a history of 31 years and five months. Its registered office is in Bangaluru, 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 2021. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹1.80 M.

Gouri Polisetty, Sashikala Polisetty, Prasanna Pete, and One other member serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    reachwell.net

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72900KA1993PTC014710

  • Company No.

    014710

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    06 Sep 1993

  • Date of AGM

    30 Nov 2021

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

Who are the key members and board of directors at Reachwell Software Services?

Board Members (4)

NameDesignationAppointment DateStatus
Nanjappa Kariappa Country flag representing In Director 27-Mar-2019Current
Gouri Polisetty Country flag representing In Director 30-Sep-2004Current
Sashikala Polisetty Country flag representing In Director 27-Mar-2019Current
Prasanna Pete Country flag representing In Director 27-Mar-2019Current

Financial Performance of Reachwell Software Services.

Reachwell Software Services Private Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 58.92% increase. The company also saw a substantial improvement in profitability, with a 98.55% increase in profit. The company's net worth dipped by a decrease of 0.51%.

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
58.92%
Revenue from Operations
61.13%
Total Assets
-9.36%
Profit or Loss
98.55%
Net Worth
-0.51%
EBITDA
105.63%

What is the Ownership and Shareholding Structure of Reachwell Software Services?

In 2021, Reachwell Software Services 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

₹1.80 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Canara Bank : 0.12 Cr
  • Syndicate Bank : 0.06 Cr

Latest Charge Details

DateLenderAmountStatus
09 Aug 2019Canara Bank₹1.18 MOpen
08 Oct 2009Syndicate Bank₹0.62 MOpen

How Many Employees Work at Reachwell Software Services?

Unlock and access historical data on people associated with Reachwell Software Services, 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 Reachwell Software 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 Reachwell Software Services'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 Reachwell Software Services

Recent activity within the organization

  • Annual General Meeting

    Reachwell Software Services Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.

    30 Nov 2021

  • Balance Sheet

    Reachwell Software Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Bangalore.

    31 Mar 2021

  • Charges

    A charge with Canara Bank of Rs. 1.18 M registered on 09 Aug 2019 with Charge ID 100281007 was modified on 06 Oct 2020.

    06 Oct 2020

  • Charges

    A charge with Canara Bank amounted to Rs. 1.18 M with Charge ID 100281007 was registered on 09 Aug 2019.

    09 Aug 2019

  • Director Appointment

    Sashikala Polisetty was appointed as a Director was appointed as a Director on 27 Mar 2019 & has been associated with this company since 5 years 11 months .

    27 Mar 2019

  • Director Appointment

    Prasanna Kumar Pete was appointed as a Director was appointed as a Director on 27 Mar 2019 & has been associated with this company since 5 years 11 months .

    27 Mar 2019

Frequently asked questions

  • Reachwell Software Services Private Limited was incorporated on 06 Sep 1993.

  • The authorized share capital of Reachwell Software Services Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.10 M.

  • Currently 4 directors are associated with Reachwell Software Services Private Limited.

    • Gouri Shankar Srinivas Polisetty
    • Sashikala Polisetty
    • Prasanna Kumar Pete
    • Nanjappa Karathachira Kariappa
  • As per Ministry of Corporate Affairs (Mca), the registered address of Reachwell Software Services Private Limited is 15 Basappa Road Shanthi Nagar, India, Bangalore., Karnataka, 560027.

  • The corporate identification number (CIN) of Reachwell Software Services Private Limited is U72900KA1993PTC014710 and the company number is 014710 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Reachwell Software Services Private Limited is https://www.reachwell.net

  • According to the financial reports for the fiscal year 2021, the revenue trend for Reachwell Software Services Private Limited has risen by 58.92%.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Reachwell Software Services Private Limited has experienced an downturn of -0.51%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Reachwell Software Services Private Limited amount to ₹ 1.80 M.

  • The most recent Balance Sheet for Reachwell Software Services Private Limited was filed with the ROC on 31 Mar 2021.

People also Viewed

Similar Companies Based on Application Development & Software Solutions