About Gorantla Systems India Private Limited
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Gorantla Systems India Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 30 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U72200TZ2015PTC021537. Its GSTIN is 33AAFCT4144G1ZK (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Tango Systems India Private Limited. It is led by directors Gorantla Nirmala Devi and Gorantla.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at New No.25 Lakshmipuram 4th Street Peelamedu, Coimbatore, Tamil Nadu, India – 641004.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.24 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹1.43 Lakh (net margin 0.6%) and EBITDA of ₹3.22 Lakh (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tangosystems.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNew No.25 Lakshmipuram 4th Street Peelamedu, Coimbatore, Tamil Nadu, India – 641004
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity
The main business activity of Gorantla Systems India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Gorantla Systems India Private Limited
FY 2020 filings availableGorantla Systems India Private Limited reported revenue of ₹2.24 Cr (up 31% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 31% growth 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 2015-16 to FY 2018-19in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹2.24 Cr | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹3.22 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹1.43 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 2019-20 | FY 2015-16 to FY 2018-19in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.4% | |
| Net Profit Margin | 0.6% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2015-16 to FY 2018-19, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Gorantla Systems India are in the company report.
: available in the company report
Board of Directors of Gorantla Systems India Private Limited
Gorantla Systems India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gorantla | Additional Director | 19 Jun 2020 | 6 Years 4 Months | Current |
| Gorantla Nirmala Devi Also directs: Tangopvd LLP | Director | 30 Jun 2015 | 11 Years 3 Months | Current |
Auditor Details
Gorantla Systems India Private Limited is audited by M.SENTHILKUMAR AND ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M.SENTHILKUMAR AND ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Gorantla Systems India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Gorantla Systems India.
: available in the company report
Recent Activity
Gorantla Systems India Private Limited has 5 board changes on record since 2015: 2 appointments and 3 cessations. The latest: Asokan Naresh Kumar ceased to be Director on 20 Jun 2020.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Gorantla Systems India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCT4144G1ZK | Tamil Nadu | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Gorantla Systems India is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 30 June 2015 (11+ years old) and is registered under CIN U72200TZ2015PTC021537.
Gorantla Systems India has 2 current directors:
- Gorantla - Additional Director
- Gorantla Nirmala Devi - Director
The latest financial statements of Gorantla Systems India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Gorantla Systems India is 33AAFCT4144G1ZK, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Gorantla Systems India is U72200TZ2015PTC021537. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gorantla Systems India was incorporated on 30 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Coimbatore.
Asokan Naresh Kumar ceased to be Director on 20 Jun 2020. Gorantla was appointed as Additional Director on 19 Jun 2020. Padmaja Mullapudi ceased to be Director on 14 Oct 2016. Gorantla Systems India has 5 board changes on record in total.
Gorantla Systems India can be reached through the website tangosystems.com. Its registered office is in Coimbatore, Tamil Nadu, India.
The registered office of Gorantla Systems India is at New No.25 Lakshmipuram 4th Street Peelamedu, Coimbatore, Tamil Nadu, India – 641004.
Gorantla Systems India operates in the information technology industry, in the application development and software solutions segment.