About Abaco Systems (India) Private Limited
Data last updated:
Abaco Systems (India) Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Abaco Systems Limited, Uk. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 22 August 2016.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016FTC095905. Its GSTIN is 29AAOCA7314G1ZH (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Dwarakanath Chennur (Irp/Rp/Liquidator) and Sadananda Rajashekara Patil.
Its last annual general meeting (AGM) was held on 05 May 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bhoruka Tech Park, Bangalore, Karnataka.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.66 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹10.7 Lakh (net margin 6.5%) and EBITDA of ₹16.34 Lakh (EBITDA margin 9.9%).
The company is associated with 1 brand: Abaco Systems.
The last known website on record is abaco.com.
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- Website
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- Registered AddressBhoruka Tech Park 3&4 Flr. Mahadevapura Hoodi Sy No.27/1(P) 27/2(P)&31(P) Ward No.1, Kr Puram, Bangalore, Karnataka, India – 560048
- IndustryInformation Technology, IT Products Retail & Distribution
- 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
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Financials of Abaco Systems (India) Private Limited FY 2025 filings available
Abaco Systems (India) Private Limited reported revenue of ₹1.66 Cr (down 32% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Abaco Systems (India) Private Limited
Revenue fell 32% in the latest year. EBITDA fell 26% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Abaco Systems (India) Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹1.66 Cr | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹16.34 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.7 Lakh | •••• | •••• |
| Balance Sheet | |||
| Share Capital | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of Abaco Systems (India) Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 9.9% | •••• | •••• |
| Net Profit Margin | 6.5% | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• |
| Liquidity and Debt | |||
| Current Ratio | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• |
| Efficiency and Growth | |||
| Asset Turnover | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Abaco Systems (India) are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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Verified entity values are shown only after access is granted.
Auditor Details of Abaco Systems (India) Private Limited
Abaco Systems (India) Private Limited is audited by Suresh Surana & Associates LLP for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Suresh Surana & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Abaco Systems (India) Private Limited
Abaco Systems (India) has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dwarakanath Chennur | Irp/Rp/Liquidator | 20 Jun 2025 | 1 Years 3 Months | As last reported |
| Sadananda Rajashekara Patil Also directs: Ametek Instruments India Private Limited | Director | 14 Sep 2021 | 5 Years 1 Months | As last reported |
| Yogesh Lowalekar Also directs: Ametek Instruments India Private Limited | Director | 27 Sep 2024 | 2 Years 0 Months | As last reported |
Ownership and Shareholding of Abaco Systems (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Abaco Systems (India) Private Limited
Abaco Systems (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Abaco Systems (India) Private Limited
Abaco Systems (India) operates one associated brand: Abaco Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of rugged embedded computing system for defense, aerospace, and industrial applications | abaco.com |
Employees and EPFO Compliance at Abaco Systems (India) Private Limited
Employment history and EPFO contributions of people linked to Abaco Systems (India).
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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Recent Activity on Abaco Systems (India) Private Limited
Abaco Systems (India) Private Limited has 11 board changes on record since 2018: 3 appointments and 8 cessations. The latest: Dwarakanath Chennur was appointed as Irp/Rp/Liquidator on 20 Jun 2025.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Abaco Systems (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Abaco Systems (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Abaco Systems (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Abaco Systems (India) Private Limited
Abaco Systems (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCA7314G1ZH | Karnataka | Active | 30 Aug 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Abaco Systems (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Abaco Systems (India) Private Limited
Frequently Asked Questions about Abaco Systems (India) Private Limited
Abaco Systems (India) is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Abaco Systems (India) is a company under liquidation, formerly operating as a foreign private limited company based in Bangalore, Karnataka, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 22 August 2016 and is registered under CIN U74999KA2016FTC095905. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Abaco Systems (India) reported revenue of ₹1.66 Cr for FY 2019 (down 32% YoY).
Abaco Systems (India) has 3 current directors:
- Sadananda Rajashekara Patil - Director
- Yogesh Lowalekar - Director
- Dwarakanath Chennur - Irp/Rp/Liquidator
Abaco Systems (India) reported a net profit of ₹10.7 Lakh (net margin 6.5%) and EBITDA of ₹16.34 Lakh (EBITDA margin 9.9%) for FY 2019, as per its filed financial statements.
The CIN (Corporate Identification Number) of Abaco Systems (India) is U74999KA2016FTC095905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abaco Systems (India) was incorporated on 22 August 2016. It is registered with the Registrar of Companies, Bangalore.
Dwarakanath Chennur was appointed as Irp/Rp/Liquidator on 20 Jun 2025. Yogesh Lowalekar ceased to be Additional Director on 29 Sep 2024. Yogesh Lowalekar was appointed as Director on 27 Sep 2024. Abaco Systems (India) has 11 board changes on record in total.
Abaco Systems (India) can be reached through the website abaco.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Abaco Systems (India) is at Bhoruka Tech Park 3&4 Flr. Mahadevapura Hoodi Sy No.271P 272P&31P Ward No.1, Kr Puram, Bangalore, Karnataka, India – 560048.