Aspirea Tech Private Limited
About Aspirea Tech Private Limited
Data last updated:
Aspirea Tech Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the computer programming segment of the technology and IT services sector. It was incorporated on 02 January 2006.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2006PTC038117.
The company had an authorised share capital of ₹7 Lakh and a paid-up capital of ₹3.44 Lakh. It was formerly known as Social Software Technologies Private Limited. It was led by directors including Irayya Basayya Madli and Ashish Kumar Tripathi.
Its last annual general meeting (AGM) was held on 21 July 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at No.1567 Sector 1 Hsr Layout Off Sarjapur Ring Road, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2017, the company reported a revenue of ₹5.14 Lakh, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹42,001 (net margin -8.2%) and EBITDA of -₹19,096 (EBITDA margin -3.7%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years.
Company details
Contact details
Aspirea Tech Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.1567 Sector 1 Hsr Layout Off Sarjapur Ring Road, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Computer Programming, Consultancy
To see the full contact details of Aspirea Tech 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 Aspirea Tech is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Aspirea Tech Private Limited, buy the company report.
Financials of Aspirea Tech Private Limited
FY 2017 filings availableAspirea Tech Private Limited reported revenue of ₹5.14 Lakh (down 3% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over three years, including a 3% fall in the latest year. EBITDA fell 144% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹5.14 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹19,096 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹42,001 | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -3.7% | ||
| Net Profit Margin | -8.2% | ||
| 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 | |||
To see the full financial statements and ratios of Aspirea Tech Private Limited, buy the company report.
Board of directors of Aspirea Tech Private Limited
Aspirea Tech 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 |
|---|---|---|---|---|
| Irayya Basayya Madli Also directs: Legalxgen Software Solution Private Limited | Director | 22 Aug 2012 | 14 Years 2 Months | As last reported |
| Ashish Kumar Tripathi Also directs: Legalxgen Software Solution Private Limited | Director | 22 Aug 2012 | 14 Years 2 Months | As last reported |
| Mayank Singh | Director | 22 Aug 2012 | 14 Years 2 Months | As last reported |
Peer comparison
Aspirea Tech Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Advantage IT Private Limited | ₹5.15 Lakh (FY 2025) | 145.0% | Hyderabad, Telangana, India | |||
| Ids R Wealthh Consultancy Services Private Limited | ₹5.15 Lakh (FY 2016) | 28.0% | Bangalore, Karnataka, India | |||
| Cyberium Solutions Private Limited | ₹5.15 Lakh (FY 2022) | Gurugram, Haryana, India | ||||
| Cloutechnologies Software Private Limited | ₹5.15 Lakh (FY 2021) | 32.0% | Mohali, Punjab, India | |||
| Aspirea Tech Private Limitedthis company | ₹5.14 Lakh (FY 2017) | -₹42,001 | -8.2% | -3.0% | Bangalore, Karnataka, India | |
| Iroxen Technologies Private Limited | ₹5.14 Lakh (FY 2023) | -42.0% | New Delhi, Delhi, India | |||
| Appsinai Private Limited | ₹5.14 Lakh (FY 2024) | 19.0% | Coimbatore, Tamil Nadu, India | |||
| Influocial Technologies Private Limited | ₹5.13 Lakh (FY 2022) | 396.0% | Kozhikode, Kerala, India | |||
| Zapstitch Technologies Private Limited | ₹5.13 Lakh (FY 2016) | -44.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Aspirea Tech Private Limited, buy the company report.
Auditor
Aspirea Tech Private Limited is audited by GURUCHARAN & HARSHINI for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GURUCHARAN & HARSHINI | FY 2017 | 015566S |
Shareholding
The shareholding of Aspirea Tech Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Aspirea Tech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Aspirea Tech 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 Aspirea Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Aspirea Tech Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Aspirea Tech Private Limited has 11 board changes on record since 2010: 3 appointments and 8 cessations. The latest: Raghavendra Muppalla ceased to be Director on 22 Mar 2017.
2 earlier events are in the company report.
Frequently asked questions
Aspirea Tech has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Aspirea Tech was a private limited company based in Bangalore, Karnataka, India. The company worked in computer programming, within the information technology industry. It was incorporated on 02 January 2006 and is registered under CIN U72900KA2006PTC038117. The company has been struck off by the Registrar of Companies and is no longer operational.
Aspirea Tech had 3 directors:
- Irayya Basayya Madli - Director
- Ashish Kumar Tripathi - Director
- Mayank Singh - Director
The CIN (Corporate Identification Number) of Aspirea Tech is U72900KA2006PTC038117. 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 Aspirea Tech is at No.1567 Sector 1 Hsr Layout Off Sarjapur Ring Road, Bangalore, Karnataka, India – 560102.
Aspirea Tech was incorporated on 02 January 2006. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Aspirea Tech on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 21 July 2017. Year-wise statements from 2015 are in the company report.
Aspirea Tech operated in the information technology industry, in the computer programming segment. It worked in this industry before it was struck off.
The peers of Aspirea Tech by revenue are Advantage IT Private Limited, Ids R Wealthh Consultancy Services Private Limited, Cyberium Solutions Private Limited, Cloutechnologies Software Private Limited, Iroxen Technologies Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Raghavendra Muppalla ceased to be Director on 22 Mar 2017. Chandrajeet Amarsinh Yadav ceased to be Director on 27 Jun 2013. Ruban Phukan ceased to be Director on 21 Dec 2012. Aspirea Tech has 11 board changes on record in total.
Yes. Aspirea Tech was formerly known as Social Software Technologies Private Limited.