About FTL Technology Systems Private Limited
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FTL Technology Systems Private Limited is a private limited company based in Ernakulam, Kerala, India. 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 consulting and support services segment of the technology and IT services sector. It was incorporated on 28 May 2014.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL2014PTC036656. Its GSTIN is 32AACCF3997Q1ZZ (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.04 Lakh. It is led by directors including Harish Kappooruveettil and Soney Jose.
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 is at XI/735 D3 Kadavil Building Kunnumpuram Kakkanad, Ernakulam, Kerala, India – 682030.
As per the financials filed for FY 2023, the company reported a revenue of ₹42.55 Lakh, a growth of 125% compared to the previous year. For the same year it recorded a net loss of ₹39.11 Lakh (net margin -91.9%) and EBITDA of -₹29.05 Lakh (EBITDA margin -68.3%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 189% over five years.
The last known website on record is ftltechsys.com.
Company details
Contact details
FTL Technology Systems Private Limited's registered office is in Ernakulam, Kerala. Its website is ftltechsys.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressXI/735 D3 Kadavil Building Kunnumpuram Kakkanad, Ernakulam, Kerala, India – 682030
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of FTL Technology 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
Business activity
The main business activity of FTL Technology Systems 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 FTL Technology Systems Private Limited, buy the company report.
Financials of FTL Technology Systems Private Limited
FY 2023 filings availableFTL Technology Systems Private Limited reported revenue of ₹42.55 Lakh (up 125% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 189% over five years, including 125% growth in the latest year. EBITDA rose 13% 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 |
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| EBITDA | -₹29.05 Lakh | ||||
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| Net Profit (PAT) | -₹39.11 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -68.3% | ||||
| Net Profit Margin | -91.9% | ||||
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To see the full financial statements and ratios of FTL Technology Systems Private Limited, buy the company report.
Board of directors of FTL Technology Systems Private Limited
FTL Technology Systems has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish Kappooruveettil | Director | 19 Mar 2022 | 4 Years 7 Months | As last reported |
| Soney Jose Also directs: Quickbee Technology Ventures Private Limited | Director | 21 Jan 2016 | 10 Years 9 Months | As last reported |
| Hareesh Gopalakrishnan Panicker | Director | 28 May 2014 | 12 Years 5 Months | As last reported |
Auditor
FTL Technology Systems Private Limited is audited by KRISHNA & VINOD for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHNA & VINOD | FY 2020 | 013152S |
Shareholding
The shareholding of FTL Technology 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 FTL Technology Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving FTL Technology Systems 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 FTL Technology Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
FTL Technology Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AACCF3997Q1ZZ | Kerala | Active | 17 May 2018 |
To see the full GST registrations and return filing status of FTL Technology Systems Private Limited, buy the company report.
Recent activity
FTL Technology Systems Private Limited has 8 board changes on record since 2014: 3 appointments and 5 cessations. The latest: Harish Kappooruveettil ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
FTL Technology Systems 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.
FTL Technology Systems is a company under liquidation, formerly operating as a private limited company based in Ernakulam, Kerala, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 May 2014 and is registered under CIN U72200KL2014PTC036656. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
FTL Technology Systems has 3 current directors:
- Harish Kappooruveettil - Director
- Soney Jose - Director
- Hareesh Gopalakrishnan Panicker - Director
The latest financial statements of FTL Technology Systems 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 CIN (Corporate Identification Number) of FTL Technology Systems is U72200KL2014PTC036656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
FTL Technology Systems was incorporated on 28 May 2014. It is registered with the Registrar of Companies, Ernakulam.
Harish Kappooruveettil ceased to be Additional Director on 30 Sep 2022. Harish Kappooruveettil was appointed as Director on 19 Mar 2022. Soney Jose ceased to be Additional Director on 30 Sep 2016. FTL Technology Systems has 8 board changes on record in total.
FTL Technology Systems can be reached through the website ftltechsys.com. Its registered office is in Ernakulam, Kerala, India.
The registered office of FTL Technology Systems is at XI735 D3 Kadavil Building Kunnumpuram Kakkanad, Ernakulam, Kerala, India – 682030.
The GSTIN of FTL Technology Systems is 32AACCF3997Q1ZZ, registered in Kerala.
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