About Equifax Software Systems Private Limited
Data last updated:
Equifax Software Systems Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Efx Holdings 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 software development and support services segment of the technology and IT services sector. It was incorporated on 19 March 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2008PTC221470. Its GSTIN is 27AACCE0281G1ZX (Maharashtra).
The company had an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.5 Cr. It was formerly known as Proswift Software Systems Private Limited. It was led by directors including Manu Sehgal and Mandya Srinivasan Santhosh.
Its last annual general meeting (AGM) was held on 30 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Unit No932 3rd Flr Building No9 Solitairecorporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹49.47 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹1.18 Cr (net margin 2.4%) and EBITDA of ₹6.77 Cr (EBITDA margin 13.7%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 58% over five years.
The company had about 61 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Equifax. Court records list 8 cases involving the company, including 8 filed against it; 1 case is pending. The company has 2 deals on record (2 secondary share transfers); the latest was in September 2018.
The last known website on record is equifax.com.
Company details
CIN history
Equifax Software Systems has one previous CIN (Corporate Identification Number): U72900DL2008PTC175614. The current CIN is U72900MH2008PTC221470, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH2008PTC221470 | Current |
| U72900DL2008PTC175614 | Previous |
Contact details
Equifax Software Systems Private Limited's registered office is in Mumbai, Maharashtra. Its website is equifax.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No932 3rd Flr Building No9 Solitairecorporate Park Andheri Ghatkopar Link Road Andheri, (E), Mumbai, Maharashtra, India – 400093
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Equifax Software Systems 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
Brands
Equifax Software Systems operates one associated brand: Equifax. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Credit score data is provided online for businesses and individuals. | equifax.com |
Business activity
The main business activity of Equifax Software Systems is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Equifax Software Systems Private Limited, buy the company report.
Financials of Equifax Software Systems Private Limited
FY 2020 filings availableEquifax Software Systems Private Limited reported revenue of ₹49.47 Cr (up 28% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 58% over five years, including 28% growth in the latest year. EBITDA rose 66% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹49.47 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.18 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.7% | ||||
| Net Profit Margin | 2.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Equifax Software Systems Private Limited, buy the company report.
Board of directors of Equifax Software Systems Private Limited
Equifax Software Systems has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mandya Srinivasan Santhosh Also directs: Equifax Analytics Private Limited | Additional Director | 09 Nov 2020 | 5 Years 11 Months | As last reported |
| Juan Ramon Ruiz Lopez | Additional Director | 01 Dec 2020 | 5 Years 10 Months | As last reported |
| Manu Sehgal Also directs: Association of Indian Rating Agencies | Director | 05 Jan 2013 | 13 Years 9 Months | As last reported |
| Nipa Sundeep Modi Also directs: Equifax Analytics Private Limited | Additional Director | 09 Nov 2020 | 5 Years 11 Months | As last reported |
Auditor
Equifax Software Systems Private Limited is audited by SINGHI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGHI & CO | FY 2020 | 302049E |
Shareholding
The shareholding of Equifax Software Systems Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Equifax Software Systems Private Limited, buy the company report.
Deals & funding
Equifax Software Systems Private Limited has 2 deals on record (2 secondary share transfers); the latest was in September 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Equifax Decision Systems B.v. |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Equifax Decision Systems B.v., EFX Holdings Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Equifax Software Systems Private Limited has 8 court cases on record: 8 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (3 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 6 Mumbai | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Equifax Software Systems Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Equifax Software Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Equifax Software Systems Private Limited has a workforce of 61 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Equifax Software Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCE0281G1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Equifax Software Systems Private Limited, buy the company report.
Recent activity
Equifax Software Systems Private Limited has 17 board changes on record since 2009: 4 appointments and 13 cessations. The latest: Michael Gabe Bonfield ceased to be Director on 04 Dec 2020.
8 earlier events are in the company report.
News
Frequently asked questions
Equifax Software Systems 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.
Equifax Software Systems was a private limited company based in Mumbai, Maharashtra, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 19 March 2008 and is registered under CIN U72900MH2008PTC221470. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Equifax Software Systems was incorporated on 19 March 2008. It is registered with the Registrar of Companies, Mumbai.
Equifax Software Systems had 4 directors:
- Mandya Srinivasan Santhosh - Additional Director
- Juan Ramon Ruiz Lopez - Additional Director
- Manu Sehgal - Director
- Nipa Sundeep Modi - Additional Director
The CIN (Corporate Identification Number) of Equifax Software Systems is U72900MH2008PTC221470. 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 Equifax Software Systems is at Unit No932 3rd Flr Building No9 Solitairecorporate Park Andheri Ghatkopar Link Road Andheri, E, Mumbai, Maharashtra, India – 400093.
Equifax Software Systems can be reached through the website equifax.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Equifax Software Systems on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 September 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Equifax Software Systems is 27AACCE0281G1ZX, registered in Maharashtra.
Equifax Software Systems operated in the information technology industry, in the software development and support services segment.
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