Updater Services Limited

Founded in 2003 and headquartered in Tamil Nadu, India.

2003 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Updater Services Profile

Key Indicators

  • Authorised Capital ₹ 75.00 Cr
  • Paid Up Capital ₹ 66.95 Cr
  • Company Age 21 Year, 3 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 three 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. Raghunandana Tangirala, Amit Choudhary, Jigyasa Sharma, and Three other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    uds.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L74140TN2003PLC051955

  • Company No.

    051955

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    13 Nov 2003

  • Date of AGM

    08 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chennai

Industry

Business Services

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)

NameDesignationAppointment DateStatus
Raghunandana Tangirala Country flag representing In Managing Director13-Nov-2003Current
Ramanujan Radha CFO09-Jan-2024Current
Sandhya Country flag representing In Company Secretary15-Feb-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Sunil Chandiramani Country flag representing In Director 20-Jun-2017Current
Amit Choudhary Country flag representing In Director 13-Feb-2017Current
Jigyasa Sharma Director 18-Apr-2024Current
Sangeeta Sumesh Country flag representing In Director 13-Sep-2022Current
Amitabh Jaipuria Country flag representing In Director 04-Mar-2023Current

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%.

Updater Services revenue growth over time
Updater Services 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
23.29%
Revenue from Operations
22.22%
Total Assets
49.58%
Profit or Loss
-12.26%
Net Worth
13.58%
EBITDA
2.89%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹319.25 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
24 Aug 2023Others₹15.00 CrOpen
21 Jun 2022Others₹35.00 CrOpen
19 Jun 2019Standard Chartered Bank₹30.00 CrOpen
01 Feb 2018Others₹35.00 CrOpen
26 May 2017State Bank Of India₹2.50 MOpen

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.

Employee growth trends for Updater Services Limited

Deals i

Graph showing company valuation over time

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

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 Updater Services

Recent activity within the organization

  • Annual General Meeting

    Updater Services Limited last Annual general meeting of members was held on 08 Jul 2024 as per latest MCA records.

  • Director Appointment

    Jigyasa Sharma was appointed as a Director was appointed as a Director on 18 Apr 2024 & has been associated with this company since 10 months 16 days .

  • Balance Sheet

    Updater Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Director Appointment

    Sandhya was appointed as a Company Secretary was appointed as a Company Secretary on 15 Feb 2024 & has been associated with this company since 1 year 18 days .

  • Charges

    A charge registered on 29 Jun 2022 via Charge ID 100600397 with Hdfc Bank Limited was fully satisfied on 23 Jan 2024.

  • Director Appointment

    Ramanujan Radha was appointed as a Cfo was appointed as a Cfo on 09 Jan 2024 & has been associated with this company since 1 year 1 month .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Updater Services Limited?

    Updater Services Limited was incorporated on 13 Nov 2003.

  • What is authorized share capital and paid-up capital of Updater Services Limited?

    The authorized share capital of Updater Services Limited is ₹ 75.00 Cr and paid-up capital is ₹ 66.95 Cr.

  • Who are the current board members & directors of Updater Services Limited?

    Currently 8 directors are associated with Updater Services Limited.

    • Ramanujan Radha
    • Raghunandana Tangirala
    • Amit Choudhary
    • Jigyasa Sharma
    • Sandhya
    • Sangeeta Sumesh
    • Amitabh Jaipuria
    • Sunil Rewachand Chandiramani

  • What is the registered address of Updater Services Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Updater Services Limited is 1St Floor No.42 Gandhi Mandapam Road Kotturupuram, India, Chennai City Corporation, Tamil Nadu, 600085.

  • What is the corporate identification number (CIN) and company number of Updater Services Limited?

    The corporate identification number (CIN) of Updater Services Limited is L74140TN2003PLC051955 and the company number is 051955 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Updater Services Limited?

    The Official website of Updater Services Limited is https://www.uds.in

  • What has been the recent revenue trend for Updater Services Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Updater Services Limited has risen by 23.29%.

  • How many employees does Updater Services Limited currently have?

    As Per 2023 financial reports, 50948 employees are currently employed by Updater Services Limited.

  • What change has been observed in the net worth of Updater Services Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Updater Services Limited has experienced an upsurge of 13.58%.

  • What are the total open charges for Updater Services Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Updater Services Limited amount to ₹ 319.25 Cr.

  • When was the last Balance Sheet of Updater Services Limited filed with the ROC?

    The most recent Balance Sheet for Updater Services Limited was filed with the ROC on 31 Mar 2024.

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