Volen Software Services Profile
Key Indicators
- Authorised Capital ₹ 2.00 M
- Paid Up Capital ₹ 0.20 M
- Company Age 19 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 4.95 Cr
- Satisfied Charges ₹ 2.00 Cr
- Revenue Growth -21.75%
- Profit Growth -25.94%
- Ebitda -77.52%
- Net Worth 1.96%
- Total Assets -0.41%
About Volen Software Services
Volen Software Services Private Limited (VSSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 August 2005 and has a history of 19 years and five months. Its registered office is in Bangalore, Karnataka.
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 2024. It's a company limited by shares with an authorized capital of Rs 2.00 M and a paid-up capital of Rs 0.20 M.
The company currently has active open charges totaling ₹4.95 Cr. The company has closed loans amounting to ₹2.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Company Details
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LocationBangalore, Karnataka
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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
U72200KA2005PTC036959
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Company No.
036959
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
11 Aug 2005
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Volen Software Services?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Manjunath Jayaramaiah
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Director | 11-Aug-2005 | Current |
Venkatesh Jayaramaiah
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Whole-Time Director | 11-Aug-2005 | Current |
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Muniraju Srinivas
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Director | 11-Aug-2005 | Current |
Financial Performance of Volen Software Services.
Volen Software Services Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 21.75% decrease. The company also saw a substantial fall in profitability, with a 25.94% decrease in profit. The company's net worth moved up by a moderate rise of 1.96%.
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What is the Ownership and Shareholding Structure of Volen Software Services?
In 2023, Volen Software Services had a promoter holding of 99.50% and a public holding of 0.50%. The company had 1 Subsidiary. 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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Volen Hr Solutions Private LimitedManjunath Jayaramaiah, Venkatesh Jayaramaiah and 1 more are mutual person
Charges (Loans)
₹49.50 M
₹20.00 M
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 4.95 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Aug 2018 | Hdfc Bank Limited | ₹4.95 Cr | Open |
| 25 May 2016 | Hdfc Bank Limited | ₹1.00 Cr | Satisfied |
| 05 May 2016 | Hdfc Bank Limited | ₹1.00 Cr | Satisfied |
How Many Employees Work at Volen Software Services?
Volen Software Services has a workforce of 28 employees as of Mar 27, 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 Volen 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 Volen Software 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.