Vitech Systems Asia Private Limited

Offshore software development services using Java, Oracle technologies, customization, testing, and certification.

2003 | Hyderabad, Telangana (India) | Active
Last Updated: July 04, 2024

Vitech Systems Asia Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 21 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 21.41%
  • Profit Growth 11.07%
  • Ebitda 11.37%
  • Net Worth 52.43%
  • Total Assets 47.29%

About Vitech Systems Asia

Vitech Systems Asia Private Limited (VSAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 September 2003 and has a history of 21 years and five months. Its registered office is in Hyderabad, Telangana, India.

The Corporate was formerly known as Prevator Software India Private Limited. 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 2023. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Parthasarathy Paravasthu, Manohara Aravapalli, and Santosh Rout serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    vitechinc.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200TG2003PTC041718

  • Company No.

    041718

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Sep 2003

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Information Technology

Who are the key members and board of directors at Vitech Systems Asia?

Board Members (3)

NameDesignationAppointment DateStatus
Parthasarathy Paravasthu Director 21-Oct-2022Current
Manohara Aravapalli Director 16-Dec-2022Current
Santosh Rout Country flag representing In Director 06-Nov-2014Current

Financial Performance of Vitech Systems Asia.

Vitech Systems Asia Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 21.41% increase. The company also saw a substantial improvement in profitability, with a 11.07% increase in profit. The company's net worth Soared by an impressive increase of 52.43%.

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
21.41%
Revenue from Operations
21.89%
Total Assets
47.29%
Profit or Loss
11.07%
Net Worth
52.43%
EBITDA
11.37%

What is the Ownership and Shareholding Structure of Vitech Systems Asia?

In 2023, Vitech Systems Asia 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Vitech Systems Asia?

Vitech Systems Asia has a workforce of 913 employees as of Apr 05, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vitech Systems Asia, 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 Vitech Systems Asia'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 Vitech Systems Asia

Recent activity within the organization

  • Annual General Meeting

    Vitech Systems Asia Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    Vitech Systems Asia Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

    31 Mar 2023

  • Director Appointment

    Manohara Babu Aravapalli was appointed as a Director was appointed as a Director on 16 Dec 2022 & has been associated with this company since 2 years 2 months .

    16 Dec 2022

  • Director Appointment

    Parthasarathy Paravasthu was appointed as a Director was appointed as a Director on 21 Oct 2022 & has been associated with this company since 2 years 4 months .

    21 Oct 2022

  • Director Appointment

    Santosh Kumar Rout was appointed as a Director was appointed as a Director on 06 Nov 2014 & has been associated with this company since 10 years 3 months .

    06 Nov 2014

  • Company Incorporation

    Vitech Systems Asia Private Limited was registered on 18 Sep 2003 with Roc Hyderabad & aged 21 years 5 months as per MCA records.

    18 Sep 2003

Recent News, Updates & Announcement

Frequently asked questions

  • Vitech Systems Asia Private Limited was incorporated on 18 Sep 2003.

  • The authorized share capital of Vitech Systems Asia Private Limited is ₹ 5.00 M and paid-up capital is ₹ 0.10 M.

  • Currently 3 directors are associated with Vitech Systems Asia Private Limited.

    • Parthasarathy Paravasthu
    • Manohara Babu Aravapalli
    • Santosh Kumar Rout
  • As per Ministry of Corporate Affairs (Mca), the registered address of Vitech Systems Asia Private Limited is Building No12D7Th FloorSundew Properties Limited Survey No 64 PartRaheja It Park Hi-Tec, H City, Hyderabad, Telangana, India, 500081.

  • The corporate identification number (CIN) of Vitech Systems Asia Private Limited is U72200TG2003PTC041718 and the company number is 041718 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Vitech Systems Asia Private Limited is https://www.vitechinc.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Vitech Systems Asia Private Limited has risen by 21.41%.

  • As Per 2023 financial reports, 913 employees are currently employed by Vitech Systems Asia Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Vitech Systems Asia Private Limited has experienced an upsurge of 52.43%.

  • The most recent Balance Sheet for Vitech Systems Asia Private Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Application Development & Software Solutions