Aasan Info Solutions (India) Private Limited
About Aasan Info Solutions (India) Private Limited
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Aasan Info Solutions (India) Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Aasan Corporate Solutions Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 23 March 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2000PTC125186. Its GSTIN is 24AAACF6493R1ZZ (Gujarat). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹5.01 Lakh. It was formerly known as Flashnet Info Solutions (India) Limited and Aasan Info Solutions (India) Limited. It was led by directors Sunilkumar Jagdishprasad Adukia and Narayan Ananthan.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 4th Floor Piramal Tower Annexe Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2021, the company reported a revenue of ₹9.06 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹33.6 Cr (net margin -370.8%) and EBITDA of ₹2.09 Cr (EBITDA margin 23.1%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 6% over five years.
Company details
Name history
Aasan Info Solutions (India) has undergone 2 name changes throughout its history. The company was previously known as Flashnet Info Solutions (India) Limited, and Aasan Info Solutions (India) Limited. The current legal name is Aasan Info Solutions (India) Private Limited.
| Company Name | Status |
|---|---|
| Aasan Info Solutions (India) Private Limited | Current |
| Flashnet Info Solutions (India) Limited | Previous |
| Aasan Info Solutions (India) Limited | Previous |
CIN history
Aasan Info Solutions (India) has one previous CIN (Corporate Identification Number): U72900MH2000PLC125186. The current CIN is U72900MH2000PTC125186, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH2000PTC125186 | Current |
| U72900MH2000PLC125186 | Previous |
Contact details
Aasan Info Solutions (India) Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address4th Floor Piramal Tower Annexe Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Aasan Info Solutions (India) Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Aasan Info Solutions (India) is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Aasan Info Solutions (India) Private Limited, buy the company report.
Financials of Aasan Info Solutions (India) Private Limited
FY 2021 filings availableAasan Info Solutions (India) Private Limited reported revenue of ₹9.06 Cr (up 332% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 332% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA rose 171% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹9.06 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹33.6 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.1% | ||||
| Net Profit Margin | -370.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Aasan Info Solutions (India) Private Limited, buy the company report.
Board of directors of Aasan Info Solutions (India) Private Limited
Aasan Info Solutions (India) has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunilkumar Jagdishprasad Adukia | Director | 29 Sep 2014 | 12 Years 1 Months | As last reported |
| Narayan Ananthan | Director | 02 Aug 2021 | 5 Years 2 Months | As last reported |
Auditor
Aasan Info Solutions (India) Private Limited is audited by D DADHEECH & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D DADHEECH & CO | FY 2021 | 101981W |
Shareholding
The shareholding of Aasan Info Solutions (India) Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Aasan Info Solutions (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Aasan Info Solutions (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aasan Info Solutions (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aasan Info Solutions (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACF6493R1ZZ | Gujarat | Active | 23 Feb 2019 |
To see the full GST registrations and return filing status of Aasan Info Solutions (India) Private Limited, buy the company report.
Recent activity
Aasan Info Solutions (India) Private Limited has 12 board changes on record since 2009: 2 appointments and 10 cessations. The latest: Narayan Ananthan ceased to be Additional Director on 30 Nov 2021.
3 earlier events are in the company report.
Frequently asked questions
Aasan Info Solutions (India) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Aasan Info Solutions (India) was a private limited company based in Mumbai, Maharashtra, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 23 March 2000 and is registered under CIN U72900MH2000PTC125186. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Aasan Info Solutions (India) was incorporated on 23 March 2000. It is registered with the Registrar of Companies, Mumbai.
Aasan Info Solutions (India) had 2 directors:
- Sunilkumar Jagdishprasad Adukia - Director
- Narayan Ananthan - Director
The CIN (Corporate Identification Number) of Aasan Info Solutions (India) is U72900MH2000PTC125186. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Aasan Info Solutions (India) is at 4th Floor Piramal Tower Annexe Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
The latest financial statements of Aasan Info Solutions (India) on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Aasan Info Solutions (India) is 24AAACF6493R1ZZ, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Aasan Info Solutions (India) operated in the business outsourcing industry, in the business and IT consulting segment.
Narayan Ananthan ceased to be Additional Director on 30 Nov 2021. Abhijeet Puglia ceased to be Director on 02 Aug 2021. Narayan Ananthan was appointed as Director on 02 Aug 2021. Aasan Info Solutions (India) has 12 board changes on record in total.