Witesand Systems India Private Limited

Design, develop, and distribute software for computer systems, networks, and storage.

2020 | Bangalore, Karnataka (India) | Active
Last Updated: October 29, 2024

Witesand Systems India Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 4 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -98.16%
  • Profit Growth -201.33%
  • Ebitda -165.52%
  • Net Worth -55.98%
  • Total Assets -76.89%

About Witesand Systems India

Witesand Systems India Private Limited (WSIPL) is a Private Limited Foreign Company Incorporated In India incorporated in India on 19 May 2020 (Four years and nine months 7 days old ). Its registered office is in Bangalore, 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 2023. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Ramakrishna Ravikumar and Muthukumar Muthumavadi serve as directors at the Company.

Company Details

  • Location

    Bangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72900KA2020FTC134178

  • Company No.

    134178

  • Company Classification

    Private Limited Foreign Company Incorporated In India

  • Incorporation Date

    19 May 2020

  • Date of AGM

    19 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

Who are the key members and board of directors at Witesand Systems India?

Board Members (2)

NameDesignationAppointment DateStatus
Muthukumar Muthumavadi Country flag representing In Director 16-Dec-2021Current
Ramakrishna Ravikumar Country flag representing In Director 16-Dec-2021Current

Financial Performance of Witesand Systems India.

Witesand Systems India Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 98.16% decrease. The company also saw a substantial fall in profitability, with a 201.33% decrease in profit. The company's net worth observed a substantial decline by a decrease of 55.98%.

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
-98.16%
Revenue from Operations
Total Assets
-76.89%
Profit or Loss
-201.33%
Net Worth
-55.98%
EBITDA
-165.52%

What is the Ownership and Shareholding Structure of Witesand Systems India?

In 2023, Witesand Systems India 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 Witesand Systems India?

Witesand Systems India has a workforce of 7 employees as of Apr 08, 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 Witesand Systems India, 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 Witesand Systems India'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 Witesand Systems India

Recent activity within the organization

  • Annual General Meeting

    Witesand Systems India Private Limited last Annual general meeting of members was held on 19 Sep 2023 as per latest MCA records.

    19 Sep 2023

  • Balance Sheet

    Witesand Systems India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Director Appointment

    Ramakrishna Ravikumar was appointed as a Director was appointed as a Director on 16 Dec 2021 & has been associated with this company since 3 years 2 months .

    16 Dec 2021

  • Director Appointment

    Muthukumar Muthumavadi was appointed as a Director was appointed as a Director on 16 Dec 2021 & has been associated with this company since 3 years 2 months .

    16 Dec 2021

  • Company Incorporation

    Witesand Systems India Private Limited was registered on 19 May 2020 with Roc Bangalore & aged 4 years 9 months as per MCA records.

    19 May 2020

Frequently asked questions

  • Witesand Systems India Private Limited was incorporated on 19 May 2020.

  • The authorized share capital of Witesand Systems India Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Witesand Systems India Private Limited.

    • Ramakrishna Ravikumar
    • Muthukumar Muthumavadi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Witesand Systems India Private Limited is 1578 11Th Main 4Th Block, Jayanagar India, Bangalore, Karnataka, 560011.

  • The corporate identification number (CIN) of Witesand Systems India Private Limited is U72900KA2020FTC134178 and the company number is 134178 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Witesand Systems India Private Limited has fallen by -98.16%.

  • As Per 2023 financial reports, 7 employees are currently employed by Witesand Systems India Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Witesand Systems India Private Limited has experienced an downturn of -55.98%.

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

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