About Banerasoft India Private Limited
Data last updated:
Banerasoft India 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 software development and support services segment of the technology and IT services sector. It was incorporated on 19 February 2013.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2013PTC067921. Its GSTIN is 29AAFCB3933P1Z5 (Karnataka).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Ganapathy Sivakumar and Ramasubramaniyam Sethuraman.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 119 1st Floor 8th A Main 4th Stage 4th Block Basaveshwaranagar, Bangalore, Karnataka, India – 560079.
As per the financials filed for FY 2023, the company reported a revenue of ₹17,700, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹28.65 Lakh and EBITDA of -₹26.76 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 73% over five years.
The last known website on record is banerasoft.com.
Company details
Contact details
Banerasoft India Private Limited's registered office is in Bangalore, Karnataka. Its website is banerasoft.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address119 1st Floor 8th A Main 4th Stage 4th Block Basaveshwaranagar, Bangalore, Karnataka, India – 560079
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Banerasoft 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 Banerasoft India 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 |
Financials of Banerasoft India Private Limited
FY 2023 filings availableBanerasoft India Private Limited reported revenue of ₹17,700 (down 86% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 73% over five years, including a 86% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹26.76 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28.65 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Banerasoft India Private Limited, buy the company report.
Board of directors of Banerasoft India Private Limited
Banerasoft India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganapathy Sivakumar | Director | 24 Jan 2018 | 8 Years 9 Months | As last reported |
| Ramasubramaniyam Sethuraman | Director | 19 Feb 2013 | 13 Years 8 Months | As last reported |
Auditor
Banerasoft India Private Limited is audited by ANAND SUNDARARAMAN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANAND SUNDARARAMAN & CO | FY 2020 | 118440W |
Shareholding
The shareholding of Banerasoft India Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Banerasoft India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Banerasoft 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 Banerasoft India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Banerasoft India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCB3933P1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Banerasoft India Private Limited, buy the company report.
Recent activity
Banerasoft India Private Limited has 7 board changes on record since 2013: 2 appointments and 5 cessations. The latest: Chandrashekar Sethuraman ceased to be Director on 21 Sep 2023.
Frequently asked questions
Banerasoft India 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.
Banerasoft India was a private limited company based in Bangalore, Karnataka, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 19 February 2013 and is registered under CIN U72900KA2013PTC067921. The company has been struck off by the Registrar of Companies and is no longer operational.
Banerasoft India had 2 directors:
- Ganapathy Sivakumar - Director
- Ramasubramaniyam Sethuraman - Director
The CIN (Corporate Identification Number) of Banerasoft India is U72900KA2013PTC067921. 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 Banerasoft India is at 119 1st Floor 8th A Main 4th Stage 4th Block Basaveshwaranagar, Bangalore, Karnataka, India – 560079.
Banerasoft India was incorporated on 19 February 2013. It is registered with the Registrar of Companies, Bangalore.
Banerasoft India can be reached through the website banerasoft.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Banerasoft India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Banerasoft India is 29AAFCB3933P1Z5, registered in Karnataka.
Banerasoft India operated in the information technology industry, in the software development and support services segment. It worked in this industry before it was struck off.