About Freebalance Software Solutions India Private Limited
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Freebalance Software Solutions India Private Limited is a private limited company based in Howrah, West Bengal, India, a subsidiary of Freebalance Inc.. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 28 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U72900WB2011PTC228790. Its GSTIN is 19AABCF7641N1Z5 (West Bengal). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.75 Lakh. It is led by directors including Apurba Dey and Manuel Shiappa Pietra.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Howrah, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.13 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net profit of ₹3.3 Lakh (net margin 2.9%) and EBITDA of ₹32.5 Lakh (EBITDA margin 28.8%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 30% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: FreeBalance. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website freebalance.com.
Company details
CIN history
Freebalance Software Solutions India has one previous CIN (Corporate Identification Number): U72900DL2011PTC215008. The current CIN is U72900WB2011PTC228790, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900WB2011PTC228790 | Current |
| U72900DL2011PTC215008 | Previous |
Contact details
Freebalance Software Solutions India Private Limited's registered office is in Howrah, West Bengal. Its website is freebalance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No 202 1st Floor, 1 /4 Chowdhury Para Lane Santragachi, Howrah, West Bengal, India – 711104
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Freebalance Software 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
Brands
Freebalance Software Solutions India operates one associated brand: FreeBalance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial management software is supplied to government agencies worldwide. | freebalance.com |
Business activity
The main business activity of Freebalance Software Solutions India is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Freebalance Software Solutions India Private Limited, buy the company report.
Financials of Freebalance Software Solutions India Private Limited
FY 2025 filings availableFreebalance Software Solutions India Private Limited reported revenue of ₹1.13 Cr (down 84% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 84% fall in the latest year. EBITDA fell 26% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹32.5 Lakh | ||||
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| Net Profit (PAT) | ₹3.3 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 28.8% | ||||
| Net Profit Margin | 2.9% | ||||
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To see the full financial statements and ratios of Freebalance Software Solutions India Private Limited, buy the company report.
Board of directors of Freebalance Software Solutions India Private Limited
Freebalance Software Solutions India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Apurba Dey | Director | 15 Apr 2019 | 7 Years 6 Months | Current |
| Manuel Shiappa Pietra | Director | 27 Aug 2012 | 14 Years 2 Months | Current |
| Donald Douglas Gibbons | Director | 27 Aug 2012 | 14 Years 2 Months | Current |
Auditor
Freebalance Software Solutions India Private Limited is audited by DUTTA SARKAR & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DUTTA SARKAR & COMPANY | FY 2023 | 303114E |
Shareholding
The shareholding of Freebalance Software Solutions India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Freebalance Software Solutions India Private Limited, buy the company report.
Legal cases
Freebalance Software Solutions India Private Limited has 1 court case on record: 1 filed by Freebalance Software Solutions India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Writ petition | Filed by the company against State of West Bengal and Ors. | Disposed |
To see the full case history of Freebalance Software Solutions India 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 Freebalance Software Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Freebalance Software Solutions India Private Limited has a workforce of 22 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Freebalance Software Solutions India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCF7641N1Z5 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Freebalance Software Solutions India Private Limited, buy the company report.
Recent activity
Freebalance Software Solutions India Private Limited has 7 board changes on record since 2012: 3 appointments and 4 cessations. The latest: Apurba Dey ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Freebalance Software Solutions India is an active private limited company based in Howrah, West Bengal, India. The company works in software development and support services, within the information technology industry. It was incorporated on 28 February 2011 (15+ years old) and is registered under CIN U72900WB2011PTC228790.
Freebalance Software Solutions India has 3 current directors:
- Apurba Dey - Director
- Manuel Shiappa Pietra - Director
- Donald Douglas Gibbons - Director
The latest financial statements of Freebalance Software Solutions India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Freebalance Software Solutions India is 19AABCF7641N1Z5, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Freebalance Software Solutions India is U72900WB2011PTC228790. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Freebalance Software Solutions India has 1 court case on record: 1 filed by the company.
Freebalance Software Solutions India was incorporated on 28 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Kolkata.
Apurba Dey ceased to be Additional Director on 30 Sep 2019. Apurba Dey was appointed as Director on 15 Apr 2019. Subhajeet Kar ceased to be Managing Director on 15 Apr 2019. Freebalance Software Solutions India has 7 board changes on record in total.
Freebalance Software Solutions India can be reached through the website freebalance.com. Its registered office is in Howrah, West Bengal, India.
The registered office of Freebalance Software Solutions India is at Flat No 202 1st Floor, 1 4 Chowdhury Para Lane Santragachi, Howrah, West Bengal, India – 711104.
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