Updater Services Profile
Key Indicators
- Authorised Capital ₹ 75.00 Cr
- Paid Up Capital ₹ 66.95 Cr
- Company Age 21 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 319.25 Cr
- Satisfied Charges ₹ 117.40 Cr
- Revenue Growth 23.29%
- Profit Growth -12.26%
- Ebitda 2.89%
- Net Worth 13.58%
- Total Assets 49.58%
About Updater Services
Updater Services Limited (USL) is a leading Public Limited Indian Non-Government Company incorporated in India on 13 November 2003 and has a history of 21 years and two months. Its registered office is in Chennai, Tamil Nadu, India.
The Company is engaged in the Business Services 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 75.00 Cr and a paid-up capital of Rs 66.95 Cr.
The company currently has active open charges totaling ₹319.25 Cr. The company has closed loans amounting to ₹117.40 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Updater Services Limited India are Ramanujan Radha as CFO and Sandhya as Company Secretary.
Company Details
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Location
Chennai, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
L74140TN2003PLC051955
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Company No.
051955
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
13 Nov 2003
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Date of AGM
08 Jul 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Listed
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ROC Code
Roc Chennai
Industry
What products or services does Updater Services Limited offer?
Updater Services Limited offers a wide range of products and services, including Electrical & Electronic Goods Repair, Industrial Appliances Repair & Maintenance, Housekeeping and Cleaning Services, Commercial Cleaning Services, Business Planning and Management, Business Consultant, BPO Operations and Services, BPO Services, Housekeeping Service, Hotel Booking & Reservation Services.
Who are the key members and board of directors at Updater Services?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Raghunandana Tangirala
|
Managing Director | 13-Nov-2003 | Current |
| Ramanujan Radha | CFO | 09-Jan-2024 | Current |
|
Sandhya
|
Company Secretary | 15-Feb-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Sunil Chandiramani
|
Director | 20-Jun-2017 | Current |
|
Amit Choudhary
|
Director | 13-Feb-2017 | Current |
| Jigyasa Sharma | Director | 18-Apr-2024 | Current |
|
Sangeeta Sumesh
|
Director | 13-Sep-2022 | Current |
|
Amitabh Jaipuria
|
Director | 04-Mar-2023 | Current |
Financial Performance of Updater Services.
Updater Services Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 23.29% increase. The company also saw a substantial fall in profitability, with a 12.26% decrease in profit. The company's net worth Soared by an impressive increase of 13.58%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Updater Services?
In 2023, Updater Services had a promoter holding of 81.20% and a public holding of 18.80%. The company had 12 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Stanworth Management Private LimitedRaghunandana Tangirala is a mutual person
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Rupa & Company LtdSunil Chandiramani is a mutual person
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Updater Services (Uds) FoundationRaghunandana Tangirala is a mutual person
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Dawaa Dost Retail Private LimitedAmit Choudhary is a mutual person
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Fusion Foods And Catering Private LimitedRaghunandana Tangirala and Jigyasa Sharma are mutual person
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Tangy Supplies & Solutions Private LimitedRaghunandana Tangirala is a mutual person
Charges (Loans)
₹319.25 Cr
₹117.40 Cr
Charges Breakdown by Lending Institutions
- Others : 135.00 Cr
- Hdfc Bank Limited : 99.00 Cr
- Citi Bank N.A. : 30.00 Cr
- Standard Chartered Bank : 30.00 Cr
- Dbs Bank Ltd : 25.00 Cr
- Others : 0.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Aug 2023 | Others | ₹15.00 Cr | Open |
| 21 Jun 2022 | Others | ₹35.00 Cr | Open |
| 19 Jun 2019 | Standard Chartered Bank | ₹30.00 Cr | Open |
| 01 Feb 2018 | Others | ₹35.00 Cr | Open |
| 26 May 2017 | State Bank Of India | ₹2.50 M | Open |
How Many Employees Work at Updater Services?
Updater Services has a workforce of 50948 employees as of Apr 01, 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 Updater 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 Updater 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.
