About Highstreet IT Solutions India Private Limited
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Highstreet IT Solutions India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 23 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2012FTC064949. Its GSTIN is 29AACCH9852L1ZW (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Nicholas Joseph Magliato and Jayaseelan Thimman.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Old No. 22/1 & 22/2 New No. 144 & 144/1 Shubhram Complex 3rd Floor, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹34.25 Cr, a growth of 71% compared to the previous year. For the same year it recorded a net profit of ₹2.75 Cr (net margin 8%) and EBITDA of ₹4.22 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 246% over three years and 26% over five years.
The company has about 78 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Highstreet IT Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website highstreetit.com.
Company details
Contact details
Highstreet IT Solutions India Private Limited's registered office is in Bangalore, Karnataka. Its website is highstreetit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOld No. 22/1 & 22/2 New No. 144 & 144/1 Shubhram Complex 3rd Floor, Bangalore, Karnataka, India – 560001
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Highstreet IT 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
Highstreet IT Solutions India operates one associated brand: Highstreet IT Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| End-to-end live video production equipment is manufactured and supplied. | highstreetit.com |
Business activity
The main business activity of Highstreet IT Solutions India 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 Highstreet IT Solutions India Private Limited, buy the company report.
Financials of Highstreet IT Solutions India Private Limited
FY 2024 filings availableHighstreet IT Solutions India Private Limited reported revenue of ₹34.25 Cr (up 71% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 71% growth in the latest year. EBITDA rose 63% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹4.22 Cr | ||||
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| Net Profit (PAT) | ₹2.75 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 12.3% | ||||
| Net Profit Margin | 8% | ||||
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To see the full financial statements and ratios of Highstreet IT Solutions India Private Limited, buy the company report.
Board of directors of Highstreet IT Solutions India Private Limited
Highstreet IT Solutions India 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 |
|---|---|---|---|---|
| Nicholas Joseph Magliato | Director | 03 Aug 2019 | 7 Years 2 Months | Current |
| Jayaseelan Thimman | Director | 01 Jun 2018 | 8 Years 5 Months | Current |
| Benjamin Thomas Davies | Director | 25 Sep 2018 | 8 Years 1 Months | Current |
Auditor
Highstreet IT Solutions India Private Limited is audited by T. SRINIVASA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T. SRINIVASA & CO. | FY 2023 | 016624S |
Shareholding
The shareholding of Highstreet IT 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 Highstreet IT Solutions India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Highstreet IT Solutions 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
Highstreet IT Solutions India Private Limited has 4 MSME Form 1 returns on record between 2021 and 2022, listing 4 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cuentas Consulting Private Limited |
To see the full MSME payment records of Highstreet IT Solutions India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Highstreet IT Solutions India Private Limited has a workforce of 78 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Highstreet IT Solutions India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCH9852L1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Highstreet IT Solutions India Private Limited, buy the company report.
Recent activity
Highstreet IT Solutions India Private Limited has 8 board changes on record since 2016: 3 appointments and 5 cessations. The latest: Nicholas Joseph Magliato was appointed as Director on 03 Aug 2019.
Frequently asked questions
Highstreet IT Solutions India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 23 July 2012 (14+ years old) and is registered under CIN U72200KA2012FTC064949.
Highstreet IT Solutions India has 3 current directors:
- Nicholas Joseph Magliato - Director
- Jayaseelan Thimman - Director
- Benjamin Thomas Davies - Director
The latest financial statements of Highstreet IT Solutions India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Highstreet IT Solutions India is 29AACCH9852L1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Highstreet IT Solutions India is U72200KA2012FTC064949. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Highstreet IT Solutions India was incorporated on 23 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Nicholas Joseph Magliato was appointed as Director on 03 Aug 2019. Gregory Francis Furst ceased to be Director on 17 Jul 2019. Benjamin Thomas Davies ceased to be Additional Director on 29 Sep 2018. Highstreet IT Solutions India has 8 board changes on record in total.
Highstreet IT Solutions India has 4 MSME Form 1 returns on record between 2021 and 2022, listing 4 overdue payments to 1 micro and small supplier. The latest return was filed on 07 Nov 2023.
Highstreet IT Solutions India can be reached through the website highstreetit.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Highstreet IT Solutions India is at Old No. 221 & 222 New No. 144 & 1441 Shubhram Complex 3rd Floor, Bangalore, Karnataka, India – 560001.
Highstreet IT Solutions India operates in the information technology industry, in the IT consulting and support services segment.
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